IRIS Accounts Production v24.2.0.383 02750000 Board of Directors 1.2.23 31.1.24 31.1.24 false true false false false true false Ordinary 1.00000 iso4217:GBPiso4217:USDiso4217:EURxbrli:sharesxbrli:pureutr:tonnesutr:kWh027500002023-01-31027500002024-01-31027500002023-02-012024-01-31027500002022-01-31027500002022-02-012023-01-31027500002023-01-3102750000ns15:EnglandWales2023-02-012024-01-3102750000ns14:PoundSterling2023-02-012024-01-3102750000ns10:Director12023-02-012024-01-3102750000ns10:PrivateLimitedCompanyLtd2023-02-012024-01-3102750000ns10:SmallEntities2023-02-012024-01-3102750000ns10:AuditExempt-NoAccountantsReport2023-02-012024-01-3102750000ns10:SmallCompaniesRegimeForDirectorsReport2023-02-012024-01-3102750000ns10:SmallCompaniesRegimeForAccounts2023-02-012024-01-3102750000ns10:FullAccounts2023-02-012024-01-310275000012023-02-012024-01-3102750000ns10:OrdinaryShareClass12023-02-012024-01-3102750000ns10:Director22023-02-012024-01-3102750000ns10:Director32023-02-012024-01-3102750000ns10:RegisteredOffice2023-02-012024-01-3102750000ns5:CurrentFinancialInstruments2024-01-3102750000ns5:CurrentFinancialInstruments2023-01-3102750000ns5:ShareCapital2024-01-3102750000ns5:ShareCapital2023-01-3102750000ns5:RetainedEarningsAccumulatedLosses2024-01-3102750000ns5:RetainedEarningsAccumulatedLosses2023-01-3102750000ns5:IntangibleAssetsOtherThanGoodwill2023-02-012024-01-3102750000ns5:PlantMachinery2023-02-012024-01-3102750000ns5:IntangibleAssetsOtherThanGoodwill2023-01-3102750000ns5:IntangibleAssetsOtherThanGoodwill2024-01-3102750000ns5:IntangibleAssetsOtherThanGoodwill2023-01-3102750000ns5:LandBuildings2023-01-3102750000ns5:PlantMachinery2023-01-3102750000ns5:LandBuildings2023-02-012024-01-3102750000ns5:LandBuildings2024-01-3102750000ns5:PlantMachinery2024-01-3102750000ns5:LandBuildings2023-01-3102750000ns5:PlantMachinery2023-01-3102750000ns5:CostValuation2023-01-3102750000ns5:CurrentFinancialInstrumentsns5:WithinOneYear2024-01-3102750000ns5:CurrentFinancialInstrumentsns5:WithinOneYear2023-01-3102750000ns5:DeferredTaxation2023-01-3102750000ns5:DeferredTaxation2023-02-012024-01-3102750000ns5:DeferredTaxation2024-01-3102750000ns10:OrdinaryShareClass12024-01-31
REGISTERED NUMBER: 02750000 (England and Wales)















UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 JANUARY 2024

FOR

MICHAEL WILLIAMS ENGINEERING LIMITED

MICHAEL WILLIAMS ENGINEERING LIMITED (REGISTERED NUMBER: 02750000)

CONTENTS OF THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 JANUARY 2024










Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


MICHAEL WILLIAMS ENGINEERING LIMITED

COMPANY INFORMATION
FOR THE YEAR ENDED 31 JANUARY 2024







DIRECTORS: J M Williams
C A Williams
J A Williams





REGISTERED OFFICE: Unit 1, Cambridge House
Camboro Business Park
Oakington Road, Girton
CAMBRIDGE
Cambridgeshire
CB3 0QH





REGISTERED NUMBER: 02750000 (England and Wales)





ACCOUNTANTS: Staffords
Chartered Accountants
Unit 1, Cambridge House
Camboro Business Park
Oakington Road, Girton
CAMBRIDGE
Cambridgeshire
CB3 0QH

MICHAEL WILLIAMS ENGINEERING LIMITED (REGISTERED NUMBER: 02750000)

BALANCE SHEET
31 JANUARY 2024

2024 2023
Notes £    £    £    £   
FIXED ASSETS
Intangible assets 4 - -
Tangible assets 5 727,512 730,602
Investments 6 657 657
728,169 731,259

CURRENT ASSETS
Stocks 244,187 227,606
Debtors 7 332,109 299,867
Cash at bank 848,173 925,488
1,424,469 1,452,961
CREDITORS
Amounts falling due within one year 8 138,960 190,062
NET CURRENT ASSETS 1,285,509 1,262,899
TOTAL ASSETS LESS CURRENT
LIABILITIES

2,013,678

1,994,158

PROVISIONS FOR LIABILITIES 9 7,035 5,905
NET ASSETS 2,006,643 1,988,253

CAPITAL AND RESERVES
Called up share capital 10 100,000 100,000
Retained earnings 1,906,643 1,888,253
SHAREHOLDERS' FUNDS 2,006,643 1,988,253

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 January 2024.

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

MICHAEL WILLIAMS ENGINEERING LIMITED (REGISTERED NUMBER: 02750000)

BALANCE SHEET - continued
31 JANUARY 2024


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 Profit and Loss Account has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 4 October 2024 and were signed on its behalf by:





J M Williams - Director


MICHAEL WILLIAMS ENGINEERING LIMITED (REGISTERED NUMBER: 02750000)

NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 JANUARY 2024


1. STATUTORY INFORMATION

Michael Williams Engineering 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 is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes.

Intangible assets
Technical Drawings are being amortised over twenty years

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off the cost less estimated residual value of each asset over its estimated useful life.
Plant and machinery etc - 33% on cost, 20% on reducing balance and 10% on cost

Freehold Land is not depreciated

Investments in subsidiaries
Investments in subsidiary undertakings are recognised at cost.

Stocks
Stocks are valued at the lower of cost and net realisable value, after making due allowance for obsolete and slow moving items.

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.

MICHAEL WILLIAMS ENGINEERING LIMITED (REGISTERED NUMBER: 02750000)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 JANUARY 2024


2. ACCOUNTING POLICIES - continued

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.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 16 (2023 - 15 ) .

4. INTANGIBLE FIXED ASSETS
Other
intangible
assets
£   
COST
At 1 February 2023
and 31 January 2024 82,000
AMORTISATION
At 1 February 2023
and 31 January 2024 82,000
NET BOOK VALUE
At 31 January 2024 -
At 31 January 2023 -

5. TANGIBLE FIXED ASSETS
Plant and
Land and machinery
buildings etc Totals
£    £    £   
COST
At 1 February 2023 689,538 590,958 1,280,496
Additions 750 7,037 7,787
At 31 January 2024 690,288 597,995 1,288,283
DEPRECIATION
At 1 February 2023 - 549,894 549,894
Charge for year - 10,877 10,877
At 31 January 2024 - 560,771 560,771
NET BOOK VALUE
At 31 January 2024 690,288 37,224 727,512
At 31 January 2023 689,538 41,064 730,602

MICHAEL WILLIAMS ENGINEERING LIMITED (REGISTERED NUMBER: 02750000)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 JANUARY 2024


6. FIXED ASSET INVESTMENTS
Shares in
group
undertaking
£   
COST
At 1 February 2023
and 31 January 2024 657
NET BOOK VALUE
At 31 January 2024 657
At 31 January 2023 657

7. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Trade debtors 307,379 283,588
Other debtors 24,730 16,279
332,109 299,867

8. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Trade creditors 41,644 54,813
Taxation and social security 53,723 94,370
Other creditors 43,593 40,879
138,960 190,062

9. PROVISIONS FOR LIABILITIES
2024 2023
£    £   
Deferred tax 7,035 5,905

Deferred
tax
£   
Balance at 1 February 2023 5,905
Provided during year 1,130
Balance at 31 January 2024 7,035

MICHAEL WILLIAMS ENGINEERING LIMITED (REGISTERED NUMBER: 02750000)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 JANUARY 2024


10. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 2024 2023
value: £    £   
100,000 Ordinary £1 100,000 100,000

11. RELATED PARTY DISCLOSURES

There are no material related party transactions which were not concluded under normal market conditions.