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Company Registration No. 02596116 (England and Wales)
William Corbett & Co. Limited Filleted accounts for the year ended 31 March 2024
William Corbett & Co. Limited Filleted accounts Contents
Page
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William Corbett & Co. Limited Company Information for the year ended 31 March 2024
Directors
Mr J Jennings Mrs K Jennings Mrs C Jennings
Company Number
02596116 (England and Wales)
Registered Office
PANTYFFYNNON AMMANFORD CARMARTHENSHIRE SA18 3HN
Accountants
Khan Rahman Chartered Accountants Henstaff Court Llantrisant Road CARDIFF Cardiff CF72 8NG
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William Corbett & Co. Limited Statement of financial position as at 31 March 2024
2024 
2023 
Notes
£ 
£ 
Fixed assets
Tangible assets
958,966 
986,921 
Current assets
Inventories
701,175 
1,477,102 
Debtors
511,364 
1,198,388 
Cash at bank and in hand
1,732,090 
849,227 
2,944,629 
3,524,717 
Creditors: amounts falling due within one year
(120,056)
(433,794)
Net current assets
2,824,573 
3,090,923 
Net assets
3,783,539 
4,077,844 
Capital and reserves
Called up share capital
10,761 
10,761 
Revaluation reserve
786,500 
786,500 
Profit and loss account
2,986,278 
3,280,583 
Shareholders' funds
3,783,539 
4,077,844 
For the year ending 31 March 2024 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies. The members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.
The directors acknowledge their 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 and in accordance with the provisions of FRS 102 Section 1A - Small Entities. The profit and loss account has not been delivered to the Registrar of Companies.
The financial statements were approved by the Board of Directors and authorised for issue on 29 July 2024 and were signed on its behalf by
Mr J Jennings Director Company Registration No. 02596116
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William Corbett & Co. Limited Notes to the Accounts for the year ended 31 March 2024
1
Statutory information
William Corbett & Co. Limited is a private company, limited by shares, registered in England and Wales, registration number 02596116. The registered office is PANTYFFYNNON, AMMANFORD, CARMARTHENSHIRE, SA18 3HN.
2
Compliance with accounting standards
The accounts have been prepared in accordance with the provisions of FRS 102 Section 1A Small Entities. There were no material departures from that standard.
3
Accounting policies
The principal accounting policies adopted in the preparation of the financial statements are set out below and have remained unchanged from the previous year, and also have been consistently applied within the same accounts.
Basis of preparation
The accounts have been prepared under the historical cost convention as modified by the revaluation of certain fixed assets.
Presentation currency
The accounts are presented in £ sterling.
Tangible fixed assets and depreciation
Tangible assets are included at cost less depreciation and impairment. Depreciation has been provided at the following rates in order to write off the assets over their estimated useful lives:
Land & buildings
over 50 years
Plant & machinery
5%-25% written down value and 25%-33% straight line
4
Tangible fixed assets
Land & buildings 
Plant & machinery 
Total 
£ 
£ 
£ 
Cost or valuation
At cost 
At cost 
At 1 April 2023
1,166,514 
1,143,917 
2,310,431 
Additions
- 
1,435 
1,435 
At 31 March 2024
1,166,514 
1,145,352 
2,311,866 
Depreciation
At 1 April 2023
261,279 
1,062,231 
1,323,510 
Charge for the year
8,029 
21,361 
29,390 
At 31 March 2024
269,308 
1,083,592 
1,352,900 
Net book value
At 31 March 2024
897,206 
61,760 
958,966 
At 31 March 2023
905,235 
81,686 
986,921 
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William Corbett & Co. Limited Notes to the Accounts for the year ended 31 March 2024
5
Debtors
2024 
2023 
£ 
£ 
Amounts falling due within one year
Trade debtors
484,746 
1,185,788 
Accrued income and prepayments
26,618 
12,000 
Other debtors
- 
600 
511,364 
1,198,388 
6
Creditors: amounts falling due within one year
2024 
2023 
£ 
£ 
VAT
46,774 
92,630 
Trade creditors
60,246 
327,276 
Taxes and social security
10,736 
12,698 
Accruals
2,300 
1,190 
120,056 
433,794 
7
Average number of employees
During the year the average number of employees was 6 (2023: 6).
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