REGISTERED NUMBER: |
Unaudited Financial Statements |
for the Year Ended 31 January 2024 |
for |
WILLIAMS AND BROOKE LIMITED |
REGISTERED NUMBER: |
Unaudited Financial Statements |
for the Year Ended 31 January 2024 |
for |
WILLIAMS AND BROOKE LIMITED |
WILLIAMS AND BROOKE LIMITED (REGISTERED NUMBER: 00578514) |
Contents of the Financial Statements |
FOR THE YEAR ENDED 31 JANUARY 2024 |
Page |
Company Information | 1 |
Balance Sheet | 2 |
Notes to the Financial Statements | 5 |
WILLIAMS AND BROOKE LIMITED |
Company Information |
FOR THE YEAR ENDED 31 JANUARY 2024 |
DIRECTORS: |
SECRETARY: |
REGISTERED OFFICE: |
REGISTERED NUMBER: |
ACCOUNTANTS: |
Fairway House |
Links Business Park |
St Mellons |
Cardiff |
CF3 0LT |
BANKERS: |
Portland Street |
Swansea |
SA1 3DF |
WILLIAMS AND BROOKE LIMITED (REGISTERED NUMBER: 00578514) |
Balance Sheet |
31 JANUARY 2024 |
2024 | 2023 |
Notes | £ | £ |
FIXED ASSETS |
Tangible assets | 4 |
Investments | 5 |
CURRENT ASSETS |
Stocks | 6 |
Debtors | 7 |
Cash at bank |
CREDITORS |
Amounts falling due within one year | 8 | ( |
) | ( |
) |
NET CURRENT ASSETS |
TOTAL ASSETS LESS CURRENT LIABILITIES |
CREDITORS |
Amounts falling due after more than one year |
9 |
( |
) |
( |
) |
PROVISIONS FOR LIABILITIES | ( |
) | ( |
) |
NET ASSETS |
WILLIAMS AND BROOKE LIMITED (REGISTERED NUMBER: 00578514) |
Balance Sheet - continued |
31 JANUARY 2024 |
2024 | 2023 |
Notes | £ | £ |
CAPITAL AND RESERVES |
Called up share capital |
Retained earnings |
SHAREHOLDERS' FUNDS |
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. |
In accordance with Section 444 of the Companies Act 2006, the Income Statement has not been delivered. |
WILLIAMS AND BROOKE LIMITED (REGISTERED NUMBER: 00578514) |
Balance Sheet - continued |
31 JANUARY 2024 |
The financial statements were approved by the Board of Directors and authorised for issue on |
WILLIAMS AND BROOKE LIMITED (REGISTERED NUMBER: 00578514) |
Notes to the Financial Statements |
FOR THE YEAR ENDED 31 JANUARY 2024 |
1. | STATUTORY INFORMATION |
Williams and Brooke Limited is a |
2. | ACCOUNTING POLICIES |
Basis of preparing the financial statements |
Turnover |
Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes. |
Tangible fixed assets |
Fixed assets are depreciated at the following rates to write off their cost to estimated residual values of each asset over its expected useful life as follows: |
Fixtures & fittings | -15% reducing balance basis |
Motor vehicles | -25% reducing balance basis |
Stocks and work in progress |
Stocks and work in progress of freehold and leasehold sites have been valued at the lower of cost and net realisable value by the directors, including legal and valuation fees. |
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. |
WILLIAMS AND BROOKE LIMITED (REGISTERED NUMBER: 00578514) |
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. |
Revaluation of properties |
Freehold property is carried at its open market value. A full valuation is to be undertaken every five years by a firm of independent valuers with an interim valuation in year three. |
3. | EMPLOYEES AND DIRECTORS |
The average number of employees during the year was |
4. | TANGIBLE FIXED ASSETS |
Fixtures |
Short | and |
leasehold | fittings | Totals |
£ | £ | £ |
COST |
At 1 February 2023 |
and 31 January 2024 |
DEPRECIATION |
At 1 February 2023 |
Charge for year |
At 31 January 2024 |
NET BOOK VALUE |
At 31 January 2024 |
At 31 January 2023 |
5. | FIXED ASSET INVESTMENTS |
Other |
investments |
£ |
COST |
At 1 February 2023 |
and 31 January 2024 |
NET BOOK VALUE |
At 31 January 2024 |
At 31 January 2023 |
WILLIAMS AND BROOKE LIMITED (REGISTERED NUMBER: 00578514) |
Notes to the Financial Statements - continued |
FOR THE YEAR ENDED 31 JANUARY 2024 |
6. | STOCKS |
2024 | 2023 |
£ | £ |
Stocks |
Work-in-progress |
7. | DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR |
2024 | 2023 |
£ | £ |
Due from related companies | 216,126 | 215,342 |
Prepayments |
8. | CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR |
2024 | 2023 |
£ | £ |
Bank loans and overdrafts |
Trade creditors | ( |
) |
Tax |
Social security and other taxes |
Due to related companies | 50,652 | 51,013 |
Directors' current accounts | 10,462 | 186,603 |
Accruals and deferred income |
Accrued expenses |
9. | CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR |
2024 | 2023 |
£ | £ |
Bank loans - 1-2 years |
Bank loans - 2-5 years |
Bank loans more 5 yr by instal |
Amounts falling due in more than five years: |
Repayable by instalments |
Bank loans more 5 yr by instal | 628,742 | 518,921 |
WILLIAMS AND BROOKE LIMITED (REGISTERED NUMBER: 00578514) |
Notes to the Financial Statements - continued |
FOR THE YEAR ENDED 31 JANUARY 2024 |
10. | SECURED DEBTS |
The following secured debts are included within creditors: |
2024 | 2023 |
£ | £ |
Bank loans |
The bank loans and overdraft are secured by way of charges over the stock and work in progress of the company. All facilities are reviewed every 5 years. |
11. | DIRECTORS' ADVANCES, CREDITS AND GUARANTEES |
As at 31 January 2024 the company owed the directors £10,462 (2023 - £186,603). |
Loan interest charged on Mr & Mrs N.R. Evans account was £2,600. |
12. | RELATED PARTY DISCLOSURES |
Mr N R Evans is a director and shareholder of Tiffany Properties Limited, NRE Project Management Tenby Limited and NRE 55 (Tenby) Limited. |
As at 31 January 2024 the company owed £50,652 to Tiffany Properties Limited, (2023 - £51,013). |
R & S Project Management Porthcawl Limited and R & S Project Management Tenby Limited are connected to Williams & Brooke Limited as Mr N.R. Evans and Mr N.D. Evans are directors in both companies. As at 31 January 2024 Williams & Brooke Limited was owed £3,858 (2023 - £3,497) from R & S Project Management Tenby Limited and £86,076 (2023 - £85,715) from R & S Project Management Porthcawl Limited. |
Williams & Brooke Limited is owed £124,996 (2023 - £124,935) from NRE 55 (Tenby) Limited and is owed £1,196 (2023 - £835) from NRE Project Management Tenby Limited. |
13. | ULTIMATE CONTROLLING PARTY |
The ultimate controlling party is Mr N R Evans. He owns just over 50% of the issued share capital of the company. |