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REGISTERED NUMBER: 02120840 (England and Wales)















Unaudited Financial Statements for the Year Ended 31 March 2024

for

R.N. Williams & Sons Limited

R.N. Williams & Sons Limited (Registered number: 02120840)






Contents of the Financial Statements
for the Year Ended 31 March 2024




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


R.N. Williams & Sons Limited

Company Information
for the Year Ended 31 March 2024







DIRECTORS: Mr W L Williams
Mr C R Williams
Mrs B L Williams
Mrs R C Williams





SECRETARY: Mrs B L Williams





REGISTERED OFFICE: Station Yard
Chester Street
St Asaph
North Wales
LL17 0RE





REGISTERED NUMBER: 02120840 (England and Wales)





ACCOUNTANTS: J V Banks
Chartered Accountants
Banks House
Paradise Street
Rhyl
Denbighshire
LL18 3LW

R.N. Williams & Sons Limited (Registered number: 02120840)

Balance Sheet
31 March 2024

31.3.24 31.3.23
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 65,757 78,919

CURRENT ASSETS
Stocks 907,339 856,476
Debtors 5 48,344 78,519
Cash at bank and in hand 764,804 917,920
1,720,487 1,852,915
CREDITORS
Amounts falling due within one year 6 721,021 775,779
NET CURRENT ASSETS 999,466 1,077,136
TOTAL ASSETS LESS CURRENT
LIABILITIES

1,065,223

1,156,055

CAPITAL AND RESERVES
Called up share capital 50,830 50,830
Share premium 16,094 16,094
Retained earnings 998,299 1,089,131
1,065,223 1,156,055

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

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

R.N. Williams & Sons Limited (Registered number: 02120840)

Balance Sheet - continued
31 March 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 Income Statement has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 10 October 2024 and were signed on its behalf by:




Mr W L Williams - Director



Mr C R Williams - Director


R.N. Williams & Sons Limited (Registered number: 02120840)

Notes to the Financial Statements
for the Year Ended 31 March 2024

1. STATUTORY INFORMATION

R.N. Williams & Sons 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.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Fixtures and fittings - 15% on reducing balance
Motor vehicles - 25% on reducing balance

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.

Hire purchase and leasing commitments
Rentals paid under operating leases are charged to profit or loss on a straight line basis over the period of the lease.

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.

R.N. Williams & Sons Limited (Registered number: 02120840)

Notes to the Financial Statements - continued
for the Year Ended 31 March 2024

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 14 (2023 - 18 ) .

4. TANGIBLE FIXED ASSETS
Fixtures
and Motor
fittings vehicles Totals
£    £    £   
COST
At 1 April 2023 292,908 181,790 474,698
Additions 2,085 - 2,085
At 31 March 2024 294,993 181,790 476,783
DEPRECIATION
At 1 April 2023 244,671 151,108 395,779
Charge for year 7,569 7,678 15,247
At 31 March 2024 252,240 158,786 411,026
NET BOOK VALUE
At 31 March 2024 42,753 23,004 65,757
At 31 March 2023 48,237 30,682 78,919

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.3.24 31.3.23
£    £   
Trade debtors 46,934 76,444
Prepayments 1,410 2,075
48,344 78,519

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.3.24 31.3.23
£    £   
Bank loans and overdrafts 2,460 -
Trade creditors 29,933 75,694
Tax 9,176 40,426
Social security and other taxes 5,029 4,497
VAT 34,363 19,390
Other creditors 4,277 -
Directors' current accounts 353,352 322,951
Accrued expenses 282,431 312,821
721,021 775,779