IRIS Accounts Production v24.2.0.383 07136310 Board of Directors Board of Directors Board of Directors 1.1.23 31.12.23 31.12.23 false true false false true false Ordinary 1.00000 iso4217:GBPiso4217:USDiso4217:EURxbrli:sharesxbrli:pureutr:tonnesutr:kWh071363102022-12-31071363102023-12-31071363102023-01-012023-12-31071363102021-12-31071363102022-01-012022-12-31071363102022-12-3107136310ns15:EnglandWales2023-01-012023-12-3107136310ns14:PoundSterling2023-01-012023-12-3107136310ns10:Director12023-01-012023-12-3107136310ns10:Director22023-01-012023-12-3107136310ns10:Director32023-01-012023-12-3107136310ns10:PrivateLimitedCompanyLtd2023-01-012023-12-3107136310ns10:SmallEntities2023-01-012023-12-3107136310ns10:AuditExempt-NoAccountantsReport2023-01-012023-12-3107136310ns10:SmallCompaniesRegimeForDirectorsReport2023-01-012023-12-3107136310ns10:SmallCompaniesRegimeForAccounts2023-01-012023-12-3107136310ns10:FullAccounts2023-01-012023-12-3107136310ns10:OrdinaryShareClass12023-01-012023-12-3107136310ns10:RegisteredOffice2023-01-012023-12-3107136310ns5:CurrentFinancialInstruments2023-12-3107136310ns5:CurrentFinancialInstruments2022-12-3107136310ns5:Non-currentFinancialInstruments2023-12-3107136310ns5:Non-currentFinancialInstruments2022-12-3107136310ns5:ShareCapital2023-12-3107136310ns5:ShareCapital2022-12-3107136310ns5:RetainedEarningsAccumulatedLosses2023-12-3107136310ns5:RetainedEarningsAccumulatedLosses2022-12-3107136310ns5:PlantMachinery2023-01-012023-12-3107136310ns5:MotorVehicles2023-01-012023-12-3107136310ns5:ComputerEquipment2023-01-012023-12-3107136310ns5:PlantMachinery2022-12-3107136310ns5:MotorVehicles2022-12-3107136310ns5:ComputerEquipment2022-12-3107136310ns5:PlantMachinery2023-12-3107136310ns5:MotorVehicles2023-12-3107136310ns5:ComputerEquipment2023-12-3107136310ns5:PlantMachinery2022-12-3107136310ns5:MotorVehicles2022-12-3107136310ns5:ComputerEquipment2022-12-3107136310ns5:CostValuation2022-12-3107136310ns5:DisposalsRepaymentsInvestments2023-12-3107136310ns5:CostValuation2023-12-3107136310ns5:WithinOneYearns5:CurrentFinancialInstruments2023-12-3107136310ns5:WithinOneYearns5:CurrentFinancialInstruments2022-12-3107136310ns10:OrdinaryShareClass12023-12-31
REGISTERED NUMBER: 07136310 (England and Wales)















Unaudited Financial Statements for the Year Ended 31 December 2023

for

William May Developments Limited

William May Developments Limited (Registered number: 07136310)






Contents of the Financial Statements
for the Year Ended 31 December 2023




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


William May Developments Limited

Company Information
for the Year Ended 31 December 2023







DIRECTORS: G W Jowett
I Jowett
W A O'Donnell





REGISTERED OFFICE: 5 Dormy Close
Bramcote
Nottinghamshire
NG9 3DE





REGISTERED NUMBER: 07136310 (England and Wales)





ACCOUNTANTS: Franklins
1 Pinnacle Way
Pride Park
Derby
Derbyshire
DE24 8ZS

William May Developments Limited (Registered number: 07136310)

Balance Sheet
31 December 2023

2023 2022
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 9,368 120,176
Investments 5 - 100
9,368 120,276

CURRENT ASSETS
Stocks - 977,671
Debtors 6 16,798 2,659,072
Cash at bank 192,121 544,888
208,919 4,181,631
CREDITORS
Amounts falling due within one year 7 213,667 4,013,024
NET CURRENT (LIABILITIES)/ASSETS (4,748 ) 168,607
TOTAL ASSETS LESS CURRENT
LIABILITIES

4,620

288,883

CREDITORS
Amounts falling due after more than one
year

8

-

(144,485

)

PROVISIONS FOR LIABILITIES - (30,044 )
NET ASSETS 4,620 114,354

CAPITAL AND RESERVES
Called up share capital 9 90 90
Retained earnings 4,530 114,264
SHAREHOLDERS' FUNDS 4,620 114,354

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 December 2023.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 December 2023 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.

William May Developments Limited (Registered number: 07136310)

Balance Sheet - continued
31 December 2023


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 19 September 2024 and were signed on its behalf by:




I Jowett - Director G W Jowett - Director




W A O'Donnell - Director


William May Developments Limited (Registered number: 07136310)

Notes to the Financial Statements
for the Year Ended 31 December 2023

1. STATUTORY INFORMATION

William May Developments 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.

Turnover
Turnover represents net invoiced sales of constructed properties and building services, excluding value added tax.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Plant and machinery - 15% on reducing balance
Motor vehicles - 15% on reducing balance
Computer equipment - 15% on reducing balance

Stocks
Stock and work in progress are valued at the lower of cost and net realisable value and represents the cost of land and building development costs.

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.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 3 (2022 - 4 ) .

William May Developments Limited (Registered number: 07136310)

Notes to the Financial Statements - continued
for the Year Ended 31 December 2023

4. TANGIBLE FIXED ASSETS
Plant and Motor Computer
machinery vehicles equipment Totals
£    £    £    £   
COST
At 1 January 2023 126,360 87,173 3,459 216,992
Additions 49,546 - 531 50,077
Disposals (154,346 ) (87,173 ) - (241,519 )
At 31 December 2023 21,560 - 3,990 25,550
DEPRECIATION
At 1 January 2023 60,724 35,572 520 96,816
Charge for year 1,133 4,706 521 6,360
Eliminated on disposal (46,716 ) (40,278 ) - (86,994 )
At 31 December 2023 15,141 - 1,041 16,182
NET BOOK VALUE
At 31 December 2023 6,419 - 2,949 9,368
At 31 December 2022 65,636 51,601 2,939 120,176

5. FIXED ASSET INVESTMENTS
Other
investments
£   
COST
At 1 January 2023 100
Disposals (100 )
At 31 December 2023 -
NET BOOK VALUE
At 31 December 2023 -
At 31 December 2022 100

6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Trade debtors - 1,778,399
Other debtors 16,798 880,673
16,798 2,659,072

William May Developments Limited (Registered number: 07136310)

Notes to the Financial Statements - continued
for the Year Ended 31 December 2023

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Bank loans and overdrafts - 10,078
Hire purchase contracts - 19,204
Trade creditors 6,721 65,967
Taxation and social security 202,446 1,168
Other creditors 4,500 3,916,607
213,667 4,013,024

8. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
2023 2022
£    £   
Bank loans - 24,021
Hire purchase contracts - 12,214
Other creditors - 108,250
- 144,485

9. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 2023 2022
value: £    £   
90 Ordinary £1 90 90

10. RELATED PARTY DISCLOSURES

The balance outstanding on interest free loans provided from companies with common directors and under common control amounted to £16,798 (2022: £2,084,129).

The balance outstanding on interest free loans provided to companies with common directors amounted to £Nil (2022: £1,212).

The balance outstanding on interest free loans provided from companies with common directors and under common control amounted to £Nil (2022: £1,285,593).

The balance outstanding on interest free loans provided from companies with common directors amounted to £Nil (2022: £400).