Caseware UK (AP4) 2023.0.135 2023.0.135 2024-05-312024-05-312023-06-01falseNo description of principal activitytruetrueThe members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006. 01312907 2023-06-01 2024-05-31 01312907 2022-06-01 2023-05-31 01312907 2024-05-31 01312907 2023-05-31 01312907 c:Director1 2023-06-01 2024-05-31 01312907 d:PlantMachinery 2023-06-01 2024-05-31 01312907 d:PlantMachinery 2024-05-31 01312907 d:PlantMachinery 2023-05-31 01312907 d:PlantMachinery d:OwnedOrFreeholdAssets 2023-06-01 2024-05-31 01312907 d:MotorVehicles 2023-06-01 2024-05-31 01312907 d:MotorVehicles 2024-05-31 01312907 d:MotorVehicles 2023-05-31 01312907 d:MotorVehicles d:OwnedOrFreeholdAssets 2023-06-01 2024-05-31 01312907 d:OwnedOrFreeholdAssets 2023-06-01 2024-05-31 01312907 d:CurrentFinancialInstruments 2024-05-31 01312907 d:CurrentFinancialInstruments 2023-05-31 01312907 d:CurrentFinancialInstruments d:WithinOneYear 2024-05-31 01312907 d:CurrentFinancialInstruments d:WithinOneYear 2023-05-31 01312907 d:ShareCapital 2024-05-31 01312907 d:ShareCapital 2023-05-31 01312907 d:RetainedEarningsAccumulatedLosses 2024-05-31 01312907 d:RetainedEarningsAccumulatedLosses 2023-05-31 01312907 c:FRS102 2023-06-01 2024-05-31 01312907 c:AuditExempt-NoAccountantsReport 2023-06-01 2024-05-31 01312907 c:FullAccounts 2023-06-01 2024-05-31 01312907 c:PrivateLimitedCompanyLtd 2023-06-01 2024-05-31 01312907 c:PublicLimitedCompanyPLCNotQuotedOnAnyExchange 2023-06-01 2024-05-31 iso4217:GBP xbrli:pure

Registered number: 01312907









WILLIAN DESIGN LIMITED







UNAUDITED

FINANCIAL STATEMENTS

INFORMATION FOR FILING WITH THE REGISTRAR

FOR THE YEAR ENDED 31 MAY 2024

 
WILLIAN DESIGN LIMITED
REGISTERED NUMBER: 01312907

STATEMENT OF FINANCIAL POSITION
AS AT 31 MAY 2024

2024
2024
2023
2023
Note
£
£
£
£

Fixed assets
  

Tangible assets
 4 
8,707
6,202

  
8,707
6,202

Current assets
  

Stocks
  
20,232
20,019

Debtors: amounts falling due within one year
 5 
28,206
62,575

Cash at bank and in hand
  
346,232
427,123

  
394,670
509,717

Creditors: amounts falling due within one year
 6 
(47,989)
(159,856)

Net current assets
  
 
 
346,681
 
 
349,861

Total assets less current liabilities
  
355,388
356,063

  

Net assets
  
355,388
356,063


Capital and reserves
  

Called up share capital 
  
10,000
10,000

Profit and loss account
  
345,388
346,063

  
355,388
356,063


Page 1

 
WILLIAN DESIGN LIMITED
REGISTERED NUMBER: 01312907
    
STATEMENT OF FINANCIAL POSITION (CONTINUED)
AS AT 31 MAY 2024

The directors consider that the Company is entitled to exemption from audit under section 477 of the Companies Act 2006 and members have not required the Company to obtain an audit for the year in question in accordance with section 476 of Companies Act 2006.

The directors acknowledge their responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of financial statements.

The financial statements have been prepared 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 financial statements have been delivered in accordance with the provisions applicable to companies subject to the small companies regime.

The Company has opted not to file the statement of income and retained earnings in accordance with provisions applicable to companies subject to the small companies' regime.

The financial statements were approved and authorised for issue by the board and were signed on its behalf on 20 October 2024.

S G Goodman
Director

The notes on pages 3 to 7 form part of these financial statements.

Page 2

 
WILLIAN DESIGN LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MAY 2024

1.


General information

Willian Design Limited is a private company limited by shares and registered in England & Wales. The address of its registered office and principal place of business is 15 Leyden Road, Stevenage, Hertfordshire, SG1 2BW. 

2.Accounting policies

 
2.1

Basis of preparation of financial statements

The financial statements have been prepared under the historical cost convention unless otherwise specified within these accounting policies and in accordance with Section 1A of Financial Reporting Standard 102, the Financial Reporting Standard applicable in the UK and the Republic of Ireland and the Companies Act 2006.

The following principal accounting policies have been applied:

 
2.2

Going concern

After reviewing the company's forecasts and projections, the directors have a reasonable expectation that the company has adequate resources to continue in operational existence for the foreseeable future. The directors therefore continue to adopt the going concern basis in preparing the company's financial statements.

 
2.3

Foreign currency translation

Functional and presentation currency

The company's functional and presentational currency is GBP.

Transactions and balances

Foreign currency transactions are translated into the functional currency using the spot exchange rates at the dates of the transactions.

At each period end foreign currency monetary items are translated using the closing rate. Non-monetary items measured at historical cost are translated using the exchange rate at the date of the transaction and non-monetary items measured at fair value are measured using the exchange rate when fair value was determined.

Foreign exchange gains and losses resulting from the settlement of transactions and from the translation at period-end exchange rates of monetary assets and liabilities denominated in foreign currencies are recognised in the statement of income and retained earnings.
Foreign exchange gains and losses that relate to borrowings and cash and cash equivalents are presented in the statement of income and retained earnings within 'finance income or costs'. All other foreign exchange gains and losses are presented in the statement of income and retained earnings within 'other operating income'.

 
2.4

Revenue

Revenue is recognised at the point when the customer receives the products ordered and is measured as the fair value of the consideration receivable, excluding discounts, rebates, value added tax and other sales taxes.  

Page 3

 
WILLIAN DESIGN LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MAY 2024

2.Accounting policies (continued)

 
2.5

Pensions

The company operates a defined contribution plan for its employees. A defined contribution plan is a pension plan under which the company pays fixed contributions into a separate entity. Once the contributions have been paid the company has no further payment obligations.
The contributions are recognised as an expense in the Statement of Income and Retained Earnings when they fall due. Amounts not paid are shown in accruals as a liability in the statement of financial position. The assets of the plan are held separately from the company in independently administered funds.

 
2.6

Taxation

Tax is recognised in the Statement of Income and Retained Earnings.
The current tax charge is calculated on the basis of tax rates and laws that have been enacted or substantively enacted by the reporting date in the United Kingdom.

 
2.7

Tangible fixed assets

Tangible fixed assets under the cost model are stated at historical cost less accumulated depreciation and any accumulated impairment losses. Historical cost includes expenditure that is directly attributable to bringing the asset to the location and condition necessary for it to be capable of operating in the manner intended by management.

Depreciation is charged so as to allocate the cost of assets less their residual value over their estimated useful lives, as follows..

Depreciation is provided on the following basis:

Plant and machinery
-
20% reducing balance
Motor vehicles
-
25% reducing balance

The assets' residual values, useful lives and depreciation methods are reviewed, and adjusted prospectively if appropriate, or if there is an indication of a significant change since the last reporting date.

Gains and losses on disposals are determined by comparing the proceeds with the carrying amount and are recognised in the statement of income and retained earnings.

 
2.8

Stocks

Stocks are stated at the lower of cost and net realisable value, being the estimated selling price less costs to complete and sell. Cost is based on the cost of purchase on a unit cost basis. Work in progress and finished goods include labour and attributable overheads.
At each reporting date, stocks are assessed for impairment. If stock is impaired, the carrying amount is reduced to its selling price less costs to complete and sell. The impairment loss is recognised in the statement of income and retained earnings.

Page 4

 
WILLIAN DESIGN LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MAY 2024

2.Accounting policies (continued)

 
2.9

Debtors

Short term debtors are measured at transaction price, less any impairment. 

 
2.10

Creditors

Short term creditors are measured at the transaction price. 

 
2.11

Financial instruments

The company only enters into basic financial instruments transactions that result in the recognition of financial assets and liabilities like trade and other debtors and creditors.

 
2.12

Dividends

Equity dividends are recognised when they become legally payable. Interim equity dividends are recognised when paid. Final equity dividends are recognised when approved by the shareholders at an annual general meeting. 


3.


Employees

The average monthly number of employees, including directors, during the year was 6 (2023 - 6).

Page 5

 
WILLIAN DESIGN LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MAY 2024

4.


Tangible fixed assets





Plant and machinery
Motor vehicles
Total

£
£
£



Cost or valuation


At 1 June 2023
114,257
9,275
123,532


Additions
4,545
1,000
5,545


Disposals
-
(1,500)
(1,500)



At 31 May 2024

118,802
8,775
127,577



Depreciation


At 1 June 2023
111,547
5,783
117,330


Charge for the year on owned assets
1,451
745
2,196


Disposals
-
(656)
(656)



At 31 May 2024

112,998
5,872
118,870



Net book value



At 31 May 2024
5,804
2,903
8,707



At 31 May 2023
2,710
3,492
6,202


5.


Debtors

2024
2023
£
£


Trade debtors
26,250
60,761

Prepayments
1,956
1,814

28,206
62,575


Page 6

 
WILLIAN DESIGN LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MAY 2024

6.


Creditors: Amounts falling due within one year

2024
2023
£
£

Trade creditors
4,234
129,739

Corporation tax
25,224
7,868

Other taxation and social security
7,774
12,049

Other creditors
7,018
7,755

Accruals
3,739
2,445

47,989
159,856


 
Page 7