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REGISTERED NUMBER: 01282779 (England and Wales)















WILLIAMSON CARSON AND COMPANY LIMITED

Unaudited Financial Statements

for the Year Ended 30 April 2024






WILLIAMSON CARSON AND COMPANY LIMITED (REGISTERED NUMBER: 01282779)

Contents of the Financial Statements
for the year ended 30 April 2024










Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 3


WILLIAMSON CARSON AND COMPANY LIMITED

Company Information
for the year ended 30 April 2024







Directors: T J Carson
M P Whinney





Secretary: E Carson





Registered office: New Derwent House
69-73 Theobalds Road
London
WC1X 8TA





Business address: 3rd Floor
Templegate House
Orpington
Kent
BR6 0LG





Registered number: 01282779 (England and Wales)





Accountants: Cooper Parry Advisory Limited
New Derwent House
69-73 Theobalds Road
London
WC1X 8TA

WILLIAMSON CARSON AND COMPANY LIMITED (REGISTERED NUMBER: 01282779)

Balance Sheet
30 April 2024

2024 2023
Notes £ £
Fixed assets
Intangible assets 4 4,041 -
Tangible assets 5 9,263 7,872
13,304 7,872

Current assets
Debtors 6 18,977 22,271
Cash at bank 551,886 284,740
570,863 307,011
Creditors
Amounts falling due within one year 7 (408,316 ) (165,355 )
Net current assets 162,547 141,656
Total assets less current liabilities 175,851 149,528

Provisions for liabilities (3,326 ) (1,968 )
Net assets 172,525 147,560

Capital and reserves
Called up share capital 9 1,300 1,300
Capital redemption reserve 10 1,300 1,300
Retained earnings 10 169,925 144,960
Shareholders' funds 172,525 147,560

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 30 April 2024.

The members have not required the company to obtain an audit of its financial statements for the year ended 30 April 2024 in accordance with Section 476 of the Companies Act 2006.

The directors acknowledge their responsibilities for:
(a)ensuring that the company keeps accounting records which comply with Sections 386 and 387 of the Companies Act 2006 and
(b)preparing financial statements which give a true and fair view of the state of affairs of the company as at the end of each financial year and of its profit or loss for each financial year in accordance with the requirements of Sections 394 and 395 and which otherwise comply with the requirements of the Companies Act 2006 relating to financial statements, so far as applicable to the company.

The financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime.

In accordance with Section 444 of the Companies Act 2006, the Income Statement has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 10 September 2024 and were signed on its behalf by:




M P Whinney - Director


WILLIAMSON CARSON AND COMPANY LIMITED (REGISTERED NUMBER: 01282779)

Notes to the Financial Statements
for the year ended 30 April 2024


1. Statutory information

Williamson Carson And Company Limited is a private company, limited by shares , registered in England and Wales. The company's registered number and registered office address can be found on the Company Information page.

2. Accounting policies

Basis of preparing the financial statements
These financial statements have been prepared in accordance with Financial Reporting Standard 102 "The Financial Reporting Standard applicable in the UK and Republic of Ireland" including the provisions of Section 1A "Small Entities" and the Companies Act 2006. The financial statements have been prepared under the historical cost convention.

Going Concern
The financial statements have been prepared on a going concern basis. The Directors have reviewed and considered relevant information, including the annual budget and future cash flows in making their assessment.

Turnover
Revenue represents fees received for brokerage and other services. Revenue is recognised upon receipt of fees and commissions on policies commenced.

Intangible assets
Intangible assets are initially measured at cost. After initial recognition, intangible assets are measured at cost less any accumulated amortisation and any accumulated impairment losses.

Website development is being amortised evenly over its estimated useful life of three years.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Fixtures and fittings - 25% on reducing balance

Financial instruments
(i) Financial assets
Basic financial assets, including trade and other receivables and cash and bank balances, are initially recognised at transaction price, unless the arrangement constitutes a financing transaction, where the transaction is measured at the present value of the future receipts discounted at a market rate of interest.

Such assets are subsequently carried at amortised cost using the effective interest method.

Financial assets are derecognised when (a) the contractual rights to the cash flows from the asset expire or are settled, or (b) substantially all the risks and rewards of the ownership of the asset are transferred to another party or (c) despite having retained some significant risks and rewards of ownership, control of the asset has been transferred to another party who has the practical ability to unilaterally sell the asset to an unrelated third party without imposing additional restrictions.

(ii) Financial liabilities
Basic financial liabilities, including trade and other payables, bank loans and loans from fellow affiliate companies, are initially recognised at transaction price unless the arrangement constitutes a financing transaction, where the debt instrument is measured at the present value of the future receipts discounted at a market rate of interest.

Trade payables are obligations to pay for goods or services that have been acquired in the ordinary course of business from suppliers. Accounts payable are classified as current liabilities if payment is due within one year or less. If not, they are presented as non-current liabilities. Trade payables are recognised initially at transaction price and subsequently measured at amortised cost using the effective interest method.

Financial liabilities are derecognised when the liability is extinguished, that is when the contractual obligation is discharged, cancelled or expires.


WILLIAMSON CARSON AND COMPANY LIMITED (REGISTERED NUMBER: 01282779)

Notes to the Financial Statements - continued
for the year ended 30 April 2024


2. Accounting policies - continued
Taxation
Taxation for the year comprises current and deferred tax. Tax is recognised in the Income Statement, except to the extent that it relates to items recognised in other comprehensive income or directly in equity.

Current or deferred taxation assets and liabilities are not discounted.

Current tax is recognised at the amount of tax payable using the tax rates and laws that have been enacted or substantively enacted by the balance sheet date.

Deferred tax
Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the balance sheet date.

Timing differences arise from the inclusion of income and expenses in tax assessments in periods different from those in which they are recognised in financial statements. Deferred tax is measured using tax rates and laws that have been enacted or substantively enacted by the year end and that are expected to apply to the reversal of the timing difference.

Unrelieved tax losses and other deferred tax assets are recognised only to the extent that it is probable that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits.

Pension costs and other post-retirement benefits
The company operates a defined contribution pension scheme. Contributions payable to the company's pension scheme are charged to profit or loss in the period to which they relate.

Equity instruments
Equity instruments issued by the company are recorded at the proceeds received, net of transaction costs. Dividends payable on equity instruments are recognised as liabilities once they are no longer at the discretion of the company.

Dividends
Equity dividends are recognised when they become legally payable. Interim equity dividends are recognised when paid. Final equity dividends are recognised when approved by the shareholders at an annual general meeting.

3. Employees and directors

The average number of employees during the year was 12 (2023 - 12 ) .

4. Intangible fixed assets
Website
development
£
Cost
Additions 6,061
At 30 April 2024 6,061
Amortisation
Amortisation for year 2,020
At 30 April 2024 2,020
Net book value
At 30 April 2024 4,041

WILLIAMSON CARSON AND COMPANY LIMITED (REGISTERED NUMBER: 01282779)

Notes to the Financial Statements - continued
for the year ended 30 April 2024


5. Tangible fixed assets
Fixtures
and
fittings
£
Cost
At 1 May 2023 18,870
Additions 8,599
Disposals (10,800 )
At 30 April 2024 16,669
Depreciation
At 1 May 2023 10,998
Charge for year 3,088
Eliminated on disposal (6,680 )
At 30 April 2024 7,406
Net book value
At 30 April 2024 9,263
At 30 April 2023 7,872

6. Debtors: amounts falling due within one year
2024 2023
£ £
Other debtors 18,977 22,271

7. Creditors: amounts falling due within one year
2024 2023
£ £
Amounts owed to group undertakings 220,425 25,723
Taxation and social security 110,529 99,286
Other creditors 77,362 40,346
408,316 165,355

8. Leasing agreements

Minimum lease payments under non-cancellable operating leases fall due as follows:
2024 2023
£ £
Within one year 18,105 18,105
Between one and five years 2,897 21,002
21,002 39,107

9. Called up share capital

Allotted, issued and fully paid:
Number: Class: Nominal 2024 2023
value: £ £
650 A Ordinary share £1 650 650
650 B Ordinary share £1 650 650
1,300 1,300

WILLIAMSON CARSON AND COMPANY LIMITED (REGISTERED NUMBER: 01282779)

Notes to the Financial Statements - continued
for the year ended 30 April 2024


10. Reserves
Capital
Retained redemption
earnings reserve Totals
£ £ £

At 1 May 2023 144,960 1,300 146,260
Profit for the year 315,619 - 315,619
Dividends (290,654 ) - (290,654 )
At 30 April 2024 169,925 1,300 171,225