IRIS Accounts Production v24.3.0.553 10603767 Board of Directors 1.3.23 29.2.24 29.2.24 false true false false true false "A" Ordinary 1.00000 "B" Ordinary 1.00000 "C" Ordinary 1.00000 "D" Ordinary 1.00000 "E" Ordinary 1.00000 iso4217:GBPiso4217:USDiso4217:EURxbrli:sharesxbrli:pureutr:tonnesutr:kWh106037672023-02-28106037672024-02-29106037672023-03-012024-02-29106037672022-02-28106037672022-03-012023-02-28106037672023-02-2810603767ns15:EnglandWales2023-03-012024-02-2910603767ns14:PoundSterling2023-03-012024-02-2910603767ns10:Director12023-03-012024-02-2910603767ns10:PrivateLimitedCompanyLtd2023-03-012024-02-2910603767ns10:SmallEntities2023-03-012024-02-2910603767ns10:AuditExemptWithAccountantsReport2023-03-012024-02-2910603767ns10:SmallCompaniesRegimeForDirectorsReport2023-03-012024-02-2910603767ns10:SmallCompaniesRegimeForAccounts2023-03-012024-02-2910603767ns10:FullAccounts2023-03-012024-02-2910603767ns10:OrdinaryShareClass12023-03-012024-02-2910603767ns10:OrdinaryShareClass22023-03-012024-02-2910603767ns10:OrdinaryShareClass32023-03-012024-02-2910603767ns10:OrdinaryShareClass42023-03-012024-02-2910603767ns10:OrdinaryShareClass52023-03-012024-02-2910603767ns10:Director22023-03-012024-02-2910603767ns10:Director32023-03-012024-02-2910603767ns10:Director42023-03-012024-02-2910603767ns10:Director52023-03-012024-02-2910603767ns10:RegisteredOffice2023-03-012024-02-2910603767ns5:CurrentFinancialInstruments2024-02-2910603767ns5:CurrentFinancialInstruments2023-02-2810603767ns5:ShareCapital2024-02-2910603767ns5:ShareCapital2023-02-2810603767ns5:RetainedEarningsAccumulatedLosses2024-02-2910603767ns5:RetainedEarningsAccumulatedLosses2023-02-2810603767ns5:PlantMachinery2023-03-012024-02-2910603767ns5:PlantMachinery2023-02-2810603767ns5:PlantMachinery2024-02-2910603767ns5:PlantMachinery2023-02-2810603767ns5:WithinOneYearns5:CurrentFinancialInstruments2024-02-2910603767ns5:WithinOneYearns5:CurrentFinancialInstruments2023-02-2810603767ns5:DeferredTaxation2023-02-2810603767ns5:DeferredTaxation2023-03-012024-02-2910603767ns5:DeferredTaxation2024-02-2910603767ns10:OrdinaryShareClass12024-02-2910603767ns10:OrdinaryShareClass22024-02-2910603767ns10:OrdinaryShareClass32024-02-2910603767ns10:OrdinaryShareClass42024-02-2910603767ns10:OrdinaryShareClass52024-02-2910603767ns5:RetainedEarningsAccumulatedLosses2023-02-2810603767ns5:RetainedEarningsAccumulatedLosses2023-03-012024-02-29106037671ns10:Director12023-02-28106037671ns10:Director12022-02-28106037671ns10:Director12023-03-012024-02-29106037671ns10:Director12022-03-012023-02-28106037671ns10:Director12024-02-29106037671ns10:Director12023-02-28106037674ns10:Director42023-02-28106037674ns10:Director42022-02-28106037674ns10:Director42023-03-012024-02-29106037674ns10:Director42022-03-012023-02-28106037674ns10:Director42024-02-29106037674ns10:Director42023-02-28
REGISTERED NUMBER: 10603767 (England and Wales)














Unaudited Financial Statements

For The Year Ended 29th February 2024

for

P R Williams Legal Limited

P R Williams Legal Limited (Registered number: 10603767)






Contents of the Financial Statements
For The Year Ended 29th February 2024




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 3

Chartered Certified Accountants' Report 6

P R Williams Legal Limited

Company Information
For The Year Ended 29th February 2024







DIRECTORS: P R Williams
Mrs A M Williams
T J R Williams
H G R Williams
E M R Williams





REGISTERED OFFICE: Bridge House
High Street
Congresbury
North Somerset
BS49 5JA





REGISTERED NUMBER: 10603767 (England and Wales)





ACCOUNTANTS: Wildin (Accountants & Auditors) Ltd
Kings Buildings
Lydney
Gloucestershire
GL15 5HE

P R Williams Legal Limited (Registered number: 10603767)

Balance Sheet
29th February 2024

29.2.24 28.2.23
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 950 1,157

CURRENT ASSETS
Debtors 5 56,677 113,128
Cash at bank 417,810 253,884
474,487 367,012
CREDITORS
Amounts falling due within one year 6 81,793 77,868
NET CURRENT ASSETS 392,694 289,144
TOTAL ASSETS LESS CURRENT
LIABILITIES

393,644

290,301

PROVISIONS FOR LIABILITIES 7 238 220
NET ASSETS 393,406 290,081

CAPITAL AND RESERVES
Called up share capital 8 145 145
Retained earnings 9 393,261 289,936
SHAREHOLDERS' FUNDS 393,406 290,081

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 29th February 2024.

The members have not required the company to obtain an audit of its financial statements for the year ended 29th February 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.

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 and authorised for issue by the Board of Directors and authorised for issue on 9th October 2024 and were signed on its behalf by:



P R Williams - Director


P R Williams Legal Limited (Registered number: 10603767)

Notes to the Financial Statements
For The Year Ended 29th February 2024

1. STATUTORY INFORMATION

P R Williams Legal 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.
Plant and machinery etc - 33% on reducing balance

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.

3. EMPLOYEES AND DIRECTORS

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

P R Williams Legal Limited (Registered number: 10603767)

Notes to the Financial Statements - continued
For The Year Ended 29th February 2024

4. TANGIBLE FIXED ASSETS
Plant and
machinery
etc
£   
COST
At 1st March 2023 3,099
Additions 268
At 29th February 2024 3,367
DEPRECIATION
At 1st March 2023 1,942
Charge for year 475
At 29th February 2024 2,417
NET BOOK VALUE
At 29th February 2024 950
At 28th February 2023 1,157

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
29.2.24 28.2.23
£    £   
Trade debtors 6,590 71,322
Other debtors 17,373 -
Directors' current accounts 29,859 6,787
Tax 2,855 35,019
56,677 113,128

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
29.2.24 28.2.23
£    £   
Tax 51,694 29,868
VAT 26,341 24,481
Accrued expenses 3,758 23,519
81,793 77,868

7. PROVISIONS FOR LIABILITIES
29.2.24 28.2.23
£    £   
Deferred tax 238 220

Deferred
tax
£   
Balance at 1st March 2023 220
Charge to Income Statement during year 18
Balance at 29th February 2024 238

P R Williams Legal Limited (Registered number: 10603767)

Notes to the Financial Statements - continued
For The Year Ended 29th February 2024

8. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 29.2.24 28.2.23
value: £    £   
90 "A" Ordinary £1 90 90
10 "B" Ordinary £1 10 10
15 "C" Ordinary £1 15 15
15 "D" Ordinary £1 15 15
15 "E" Ordinary £1 15 15
145 145

9. RESERVES
Retained
earnings
£   

At 1st March 2023 289,936
Profit for the year 161,215
Dividends (57,890 )
At 29th February 2024 393,261

10. DIRECTORS' ADVANCES, CREDITS AND GUARANTEES

The following advances and credits to directors subsisted during the years ended 29th February 2024 and 28th February 2023:

29.2.24 28.2.23
£    £   
P R Williams
Balance outstanding at start of year - -
Amounts advanced 1,927 -
Amounts repaid - -
Amounts written off - -
Amounts waived - -
Balance outstanding at end of year 1,927 -

H G R Williams
Balance outstanding at start of year 6,787 16,371
Amounts advanced 21,145 6,787
Amounts repaid - (16,371 )
Amounts written off - -
Amounts waived - -
Balance outstanding at end of year 27,932 6,787

11. RELATED PARTY DISCLOSURES

During the year, total dividends of £47,890 (2023 - £22,371) were paid to the directors .

12. ULTIMATE CONTROLLING PARTY

Anne Williams is the ultimate controlling party.

Chartered Certified Accountants' Report to the Board of Directors
on the Unaudited Financial Statements of
P R Williams Legal Limited

The following reproduces the text of the report prepared for the directors in respect of the company's annual unaudited financial statements. In accordance with the Companies Act 2006, the company is only required to file a Balance Sheet. Readers are cautioned that the Income Statement and certain other primary statements and the Report of the Directors are not required to be filed with the Registrar of Companies.

In order to assist you to fulfil your duties under the Companies Act 2006, we have prepared for your approval the financial statements of P R Williams Legal Limited for the year ended 29th February 2024 which comprise the Income Statement, Balance Sheet and the related notes from the company's accounting records and from information and explanations you have given us.

As a practising member firm of the Association of Chartered Certified Accountants, we are subject to its ethical and other professional requirements which are detailed at http://www.accaglobal.com/rulebook.

This report is made solely to the Board of Directors of P R Williams Legal Limited, as a body, in accordance with our terms of engagement. Our work has been undertaken solely to prepare for your approval the financial statements of P R Williams Legal Limited and state those matters that we have agreed to state to the Board of Directors of P R Williams Legal Limited, as a body, in this report in accordance with the requirements of the Association of Chartered Certified Accountants as detailed at http://www.accaglobal.com/factsheet163. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than the company and its Board of Directors, as a body, for our work or for this report.

It is your duty to ensure that P R Williams Legal Limited has kept adequate accounting records and to prepare statutory financial statements that give a true and fair view of the assets, liabilities, financial position and profit of P R Williams Legal Limited. You consider that P R Williams Legal Limited is exempt from the statutory audit requirement for the year.

We have not been instructed to carry out an audit or a review of the financial statements of P R Williams Legal Limited. For this reason, we have not verified the accuracy or completeness of the accounting records or information and explanations you have given to us and we do not, therefore, express any opinion on the statutory financial statements.






Wildin (Accountants & Auditors) Ltd
Kings Buildings
Lydney
Gloucestershire
GL15 5HE


Date: 9th October 2024