Acorah Software Products - Accounts Production 15.0.600 false true 31 December 2022 1 January 2022 false 1 January 2023 31 December 2023 31 December 2023 03292438 Mr Roger Williams Mrs Kate Williams iso4217:GBP iso4217:EUR iso4217:USD xbrli:shares xbrli:pure xbrli:pure 03292438 2022-12-31 03292438 2023-12-31 03292438 2023-01-01 2023-12-31 03292438 frs-core:CurrentFinancialInstruments 2023-12-31 03292438 frs-core:Non-currentFinancialInstruments 2023-12-31 03292438 frs-core:FurnitureFittings 2023-12-31 03292438 frs-core:FurnitureFittings 2023-01-01 2023-12-31 03292438 frs-core:FurnitureFittings 2022-12-31 03292438 frs-core:InvestmentPropertyIncludedWithinPPE 2023-12-31 03292438 frs-core:InvestmentPropertyIncludedWithinPPE 2023-01-01 2023-12-31 03292438 frs-core:InvestmentPropertyIncludedWithinPPE 2022-12-31 03292438 frs-core:LandBuildings frs-core:LeasedAssetsHeldAsLessee 2023-12-31 03292438 frs-core:LandBuildings frs-core:LeasedAssetsHeldAsLessee 2023-01-01 2023-12-31 03292438 frs-core:LandBuildings frs-core:LeasedAssetsHeldAsLessee 2022-12-31 03292438 frs-core:MotorVehicles 2023-12-31 03292438 frs-core:MotorVehicles 2023-01-01 2023-12-31 03292438 frs-core:MotorVehicles 2022-12-31 03292438 frs-core:PlantMachinery 2023-12-31 03292438 frs-core:PlantMachinery 2023-01-01 2023-12-31 03292438 frs-core:PlantMachinery 2022-12-31 03292438 frs-core:WithinOneYear 2023-12-31 03292438 frs-core:RevaluationReserve 2023-01-01 2023-12-31 03292438 frs-core:RevaluationReserve 2022-12-31 03292438 frs-core:RevaluationReserve 2023-12-31 03292438 frs-core:ShareCapital 2023-12-31 03292438 frs-core:RetainedEarningsAccumulatedLosses 2023-12-31 03292438 frs-bus:PrivateLimitedCompanyLtd 2023-01-01 2023-12-31 03292438 frs-bus:FilletedAccounts 2023-01-01 2023-12-31 03292438 frs-bus:SmallEntities 2023-01-01 2023-12-31 03292438 frs-bus:AuditExempt-NoAccountantsReport 2023-01-01 2023-12-31 03292438 frs-bus:SmallCompaniesRegimeForAccounts 2023-01-01 2023-12-31 03292438 frs-bus:Director1 2023-01-01 2023-12-31 03292438 frs-bus:CompanySecretary1 2023-01-01 2023-12-31 03292438 frs-countries:EnglandWales 2023-01-01 2023-12-31 03292438 2021-12-31 03292438 2022-12-31 03292438 2022-01-01 2022-12-31 03292438 frs-core:CurrentFinancialInstruments 2022-12-31 03292438 frs-core:Non-currentFinancialInstruments 2022-12-31 03292438 frs-core:BetweenOneFiveYears 2022-12-31 03292438 frs-core:WithinOneYear 2022-12-31 03292438 frs-core:RevaluationReserve 2022-12-31 03292438 frs-core:ShareCapital 2022-12-31 03292438 frs-core:RetainedEarningsAccumulatedLosses 2022-12-31
Registered number: 03292438
R Williams Building & Groundworks Limited
Financial Statements
For The Year Ended 31 December 2023
Financial Statements
Contents
Page
Balance Sheet 1—2
Notes to the Financial Statements 3—6
Page 1
Balance Sheet
Registered number: 03292438
2023 2022
Notes £ £ £ £
FIXED ASSETS
Tangible Assets 3 78,703 397,308
78,703 397,308
CURRENT ASSETS
Stocks 4 11,815 21,001
Debtors 5 119,712 156,056
Cash at bank and in hand 12,796 301
144,323 177,358
Creditors: Amounts Falling Due Within One Year 6 (210,971 ) (425,425 )
NET CURRENT ASSETS (LIABILITIES) (66,648 ) (248,067 )
TOTAL ASSETS LESS CURRENT LIABILITIES 12,055 149,241
Creditors: Amounts Falling Due After More Than One Year 7 - (20,881 )
PROVISIONS FOR LIABILITIES
Deferred Taxation (9,755 ) (9,755 )
NET ASSETS 2,300 118,605
CAPITAL AND RESERVES
Called up share capital 9 100 100
Revaluation reserve 10 - 118,489
Profit and Loss Account 2,200 16
SHAREHOLDERS' FUNDS 2,300 118,605
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For the year ending 31 December 2023 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.
The member has not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.
The director acknowledges his responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.
These accounts have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies' regime.
The company has taken advantage of section 444(1) of the Companies Act 2006 and opted not to deliver to the registrar a copy of the company's Profit and Loss Account.
On behalf of the board
Mr Roger Williams
Director
23 September 2024
The notes on pages 3 to 6 form part of these financial statements.
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Notes to the Financial Statements
1. Accounting Policies
1.1. Basis of Preparation of Financial Statements
The financial statements have been prepared under the historical cost convention and in accordance with Financial Reporting Standard 102 section 1A Small Entities "The Financial Reporting Standard applicable in the UK and Republic of Ireland" and the Companies Act 2006.
1.2. Turnover
Turnover is measured at the fair value of the consideration received or receivable, net of discounts and value added taxes. Turnover includes revenue earned from the sale of goods and from the rendering of services. Turnover is reduced for estimated customer returns, rebates and other similar allowances.
Sale of goods
Turnover from the sale of goods is recognised when the significant risks and rewards of ownership of the goods has transferred to the buyer. This is usually at the point that the customer has signed for the delivery of the goods.
Rendering of services
Turnover from the rendering of services is recognised by reference to the stage of completion of the contract. The stage of completion of a contract is measured by comparing the costs incurred for work performed to date to the total estimated contract costs. Turnover is only recognised to the extent of recoverable expenses when the outcome of a contract cannot be estimated reliably.
1.3. Tangible Fixed Assets and Depreciation
Tangible fixed assets are measured at cost less accumulated depreciation and any accumulated impairment losses. Depreciation is provided at rates calculated to write off the cost of the fixed assets, less their estimated residual value, over their expected useful lives on the following bases:
Leasehold 10% on cost
Plant & Machinery 25% reducing balance
Motor Vehicles 25% reducing balalce
Fixtures & Fittings 25% reducing balance
1.4. Investment Properties
All investment properties are carried at fair value determined annually and derived from the current market rents and investment property yields for comparable real estate, adjusted if necessary for any difference in the nature, location or condition of the specific asset. No depreciation is provided for. Changes in fair value are recognised in the profit and loss account.
1.5. Leasing and Hire Purchase Contracts
Assets obtained under finance leases are capitalised as tangible fixed assets. Assets acquired under finance leases are depreciated over the shorter of the lease term and their useful lives. Assets acquired under hire purchase contracts are depreciated over their useful lives. Finance leases are those where substantially all of the benefits and risks of ownership are assumed by the company. Obligations under such agreements are included in the creditors net of the finance charge allocated to future periods. The finance element of the rental payment is charged to the profit and loss account so as to produce a constant periodic rate of charge on the net obligation outstanding in each period.

Rentals applicable to operating leases where substantially all of the benefits and risks of ownership remain with the lessor are charged to profit and loss account as incurred.
1.6. Stocks and Work in Progress
Stocks and work in progress are valued at the lower of cost and net realisable value after making due allowance for obsolete and slow-moving stocks. Cost includes all direct costs and an appropriate proportion of fixed and variable overheads. Work-in-progress is reflected in the accounts on a contract by contract basis by recording turnover and related costs as contract activity progresses.
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1.7. Taxation
Income tax expense represents the sum of the tax currently payable and deferred tax.
The tax currently payable is based on taxable profit for the year. Taxable profit differs from profit as reported in the statement of comprehensive income because of items of income or expense that are taxable or deductible in other years and items that are never taxable or deductible. The company's liability for current tax is calculated using tax rates that have been enacted or substantively enacted by the end of the reporting period.
Deferred tax is recognised on timing differences between the carrying amounts of assets and liabilities in the financial statements and the corresponding tax bases used in the computation of taxable profit. Deferred tax liabilities are generally recognised for all taxable timing differences. Deferred tax assets are generally recognised for all deductible temporary differences to the extent that it is probable that taxable profits will be available against which those deductible timing differences can be utilised. The carrying amount of deferred tax assets is reviewed at the end of each reporting period and reduced to the extent that it is no longer probable that sufficient taxable profits will be available to allow all or part of the asset to be recovered.
Deferred tax assets and liabilities are measured at the tax rates that are expected to apply in the period in which the liability is settled or the asset realised, based on tax rates (and tax laws) that have been enacted or substantively enacted by the end of the reporting period. Deferred tax liabilities are presented within provisions for liabilities and deferred tax assets within debtors. The measurement of deferred tax liabilities and assets reflect the tax consequences that would follow from the manner in which the Company expects, at the end of the reporting period, to recover or settle the carrying amount of its assets and liabilities.
Current or deferred tax for the year is recognised in profit or loss, except when they related to items that are recognised in other comprehensive income or directly in equity, in which case, the current and deferred tax is also recognised in other comprehensive income or directly in equity respectively.
2. Average Number of Employees
Average number of employees, including directors, during the year was as follows: 6 (2022: 8)
6 8
3. Tangible Assets
Land & Property
Leasehold Investment Properties Plant & Machinery Motor Vehicles
£ £ £ £
Cost
As at 1 January 2023 72,221 300,000 203,764 38,446
Disposals - (300,000 ) (9,376 ) -
As at 31 December 2023 72,221 - 194,388 38,446
Depreciation
As at 1 January 2023 17,806 - 183,954 16,820
Provided during the period 7,222 - 4,953 5,406
Disposals - - (8,716 ) -
As at 31 December 2023 25,028 - 180,191 22,226
Net Book Value
As at 31 December 2023 47,193 - 14,197 16,220
As at 1 January 2023 54,415 300,000 19,810 21,626
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Fixtures & Fittings Total
£ £
Cost
As at 1 January 2023 3,452 617,883
Disposals - (309,376 )
As at 31 December 2023 3,452 308,507
Depreciation
As at 1 January 2023 1,995 220,575
Provided during the period 364 17,945
Disposals - (8,716 )
As at 31 December 2023 2,359 229,804
Net Book Value
As at 31 December 2023 1,093 78,703
As at 1 January 2023 1,457 397,308
4. Stocks
2023 2022
£ £
Stock 2,000 5,750
Work in progress 9,815 15,251
11,815 21,001
5. Debtors
2023 2022
£ £
Due within one year
Trade debtors 17,143 152,637
Amounts recoverable on contracts 92,235 -
Other debtors 10,334 3,419
119,712 156,056
6. Creditors: Amounts Falling Due Within One Year
2023 2022
£ £
Net obligations under finance lease and hire purchase contracts 20,941 5,944
Trade creditors 85,493 107,554
Bank loans and overdrafts - 210,794
Other creditors 82,674 52,021
Taxation and social security 21,863 49,112
210,971 425,425
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7. Creditors: Amounts Falling Due After More Than One Year
2023 2022
£ £
Net obligations under finance lease and hire purchase contracts - 20,881
- 20,881
8. Obligations Under Finance Leases and Hire Purchase
2023 2022
£ £
The maturity of these amounts is as follows:
Within one year 20,941 5,944
Between one and five years - 20,881
20,941 26,825
20,941 26,825
9. Share Capital
2023 2022
£ £
Allotted, Called up and fully paid 100 100
10. Reserves
Revaluation Reserve
£
As at 1 January 2023 118,489
Transfer to profit and loss (118,489 )
As at 31 December 2023 -
During the year the investment property was sold and is included within sales. The investment property was held at directors valuation of £300,000, the historic cost of the property was £181,511 and a revaluation reserve of £118,489 was included within reserves, the historic cost has been charged to cost of sales and the revaluation reserve has also been released.
11. General Information
R Williams Building & Groundworks Limited is a private company, limited by shares, incorporated in England & Wales, registered number 03292438 . The registered office is C/O Keith Willis Associates, Gothic House, Barker Gate, Nottingham, NG1 1JU.
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