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REGISTERED NUMBER: 04537644 (England and Wales)















Unaudited Financial Statements for the Year Ended 31 March 2024

for

S & A Williamson Limited

S & A Williamson Limited (Registered number: 04537644)






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


S & A Williamson Limited

Company Information
for the Year Ended 31 March 2024







DIRECTOR: Mr S E Williamson





SECRETARY: Mrs A Williamson





REGISTERED OFFICE: Stank End Farm
Abbeytown
Wigton
Cumbria
CA7 4PW





REGISTERED NUMBER: 04537644 (England and Wales)





ACCOUNTANTS: Benson Accountants
Wiza House
Station Road
Wigton
Cumbria
CA7 9BA

S & A Williamson Limited (Registered number: 04537644)

Balance Sheet
31 March 2024

31/3/24 31/3/23
Notes £    £    £    £   
FIXED ASSETS
Intangible assets 4 - -
Tangible assets 5 33,498 44,664
Investments 6 550,000 550,000
Investment property 7 233,761 233,761
817,259 828,425

CURRENT ASSETS
Stocks 1,126,160 977,365
Debtors 8 821,614 585,556
Cash at bank and in hand 762,010 713,526
2,709,784 2,276,447
CREDITORS
Amounts falling due within one year 9 677,199 469,218
NET CURRENT ASSETS 2,032,585 1,807,229
TOTAL ASSETS LESS CURRENT LIABILITIES 2,849,844 2,635,654

PROVISIONS FOR LIABILITIES 8,374 11,166
NET ASSETS 2,841,470 2,624,488

CAPITAL AND RESERVES
Called up share capital 100 100
Retained earnings 2,841,370 2,624,388
SHAREHOLDERS' FUNDS 2,841,470 2,624,488

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 director acknowledges his 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.

S & A Williamson Limited (Registered number: 04537644)

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 director and authorised for issue on 3 October 2024 and were signed by:





Mr S E Williamson - Director


S & A Williamson Limited (Registered number: 04537644)

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

1. STATUTORY INFORMATION

S & A Williamson 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.

Goodwill
Goodwill, being the amount paid in connection with the acquisition of a business in 2006, is being amortised evenly over its estimated useful life. This was previously 20 years but was revised to 5 years in the year ended 31 March 2015.

Intangible assets
Intangible assets are initially measured at cost. After initial recognition, intangible assets are measured at cost less any accumulated amortisation and any accumulated impairment losses.

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

Investment property
Investment property is shown at most recent valuation. Any aggregate surplus or deficit arising from changes in fair value is recognised in profit or loss.

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.


S & A Williamson Limited (Registered number: 04537644)

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

2. ACCOUNTING POLICIES - continued
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
Assets obtained under hire purchase contracts or finance leases are capitalised in the balance sheet. Those held under hire purchase contracts are depreciated over their estimated useful lives. Those held under finance leases are depreciated over their estimated useful lives or the lease term, whichever is the shorter.

The interest element of these obligations is charged to profit or loss over the relevant period. The capital element of the future payments is treated as a liability.

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.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 1 (2023 - 1 ) .

4. INTANGIBLE FIXED ASSETS
Goodwill
£   
COST
At 1 April 2023
and 31 March 2024 59,000
AMORTISATION
At 1 April 2023
and 31 March 2024 59,000
NET BOOK VALUE
At 31 March 2024 -
At 31 March 2023 -

S & A Williamson Limited (Registered number: 04537644)

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

5. TANGIBLE FIXED ASSETS
Plant and
machinery
£   
COST
At 1 April 2023
and 31 March 2024 145,241
DEPRECIATION
At 1 April 2023 100,577
Charge for year 11,166
At 31 March 2024 111,743
NET BOOK VALUE
At 31 March 2024 33,498
At 31 March 2023 44,664

6. FIXED ASSET INVESTMENTS
Other
investments
£   
COST
At 1 April 2023
and 31 March 2024 550,000
NET BOOK VALUE
At 31 March 2024 550,000
At 31 March 2023 550,000

7. INVESTMENT PROPERTY
Total
£   
FAIR VALUE
At 1 April 2023
and 31 March 2024 233,761
NET BOOK VALUE
At 31 March 2024 233,761
At 31 March 2023 233,761

The investment property is included at cost, but in the opinion of the directors this is a fair market value.

S & A Williamson Limited (Registered number: 04537644)

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

8. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31/3/24 31/3/23
£    £   
Trade debtors 820,424 577,302
Other debtors 1,190 8,254
821,614 585,556

9. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31/3/24 31/3/23
£    £   
Trade creditors 432,578 190,030
Taxation and social security 120,609 171,563
Other creditors 124,012 107,625
677,199 469,218

10. SECURED DEBTS

Included in other creditors is a loan owing to Mrs A Williamson of £62,839 (2023 - £54,576), and a directors current account amounting to £56,938 (2023 - £49,584). Both of these amounts are secured by the company.