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
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
William Corbett & Co. Limited
Statement of financial position
as at 31 March 2024
Tangible assets
958,966
986,921
Inventories
701,175
1,477,102
Cash at bank and in hand
1,732,090
849,227
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
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
William Corbett & Co. Limited
Notes to the Accounts
for the year ended 31 March 2024
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.
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.
The accounts have been prepared under the historical cost convention as modified by the revaluation of certain fixed assets.
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
At 31 March 2024
1,166,514
1,145,352
2,311,866
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
At 31 March 2024
897,206
61,760
958,966
At 31 March 2023
905,235
81,686
986,921
William Corbett & Co. Limited
Notes to the Accounts
for the year ended 31 March 2024
Amounts falling due within one year
Trade debtors
484,746
1,185,788
Accrued income and prepayments
26,618
12,000
6
Creditors: amounts falling due within one year
2024
2023
Trade creditors
60,246
327,276
Taxes and social security
10,736
12,698
7
Average number of employees
During the year the average number of employees was 6 (2023: 6).