Company Registration No. 09461528 (England and Wales)
Williams Electrical Contractors (Cymru) Ltd
Unaudited accounts
for the year ended 29 February 2024
Williams Electrical Contractors (Cymru) Ltd
Unaudited accounts
Contents
Williams Electrical Contractors (Cymru) Ltd
Company Information
for the year ended 29 February 2024
Directors
Mr D W Williams
Mr S A Williams
Company Number
09461528 (England and Wales)
Registered Office
Picton House
Maesybont Road
Gorslas
Llanelli
Carmarthenshire
SA14 7NA
Wales
Accountants
Waltwood Accountants
46 Gurnos Road
Ystalyfera
Swansea
SA9 2HY
Williams Electrical Contractors (Cymru) Ltd
Statement of financial position
as at 29 February 2024
Tangible assets
93,418
65,091
Cash at bank and in hand
91,799
123,808
Creditors: amounts falling due within one year
(330,578)
(515,349)
Net current assets
271,343
210,090
Total assets less current liabilities
364,761
275,181
Creditors: amounts falling due after more than one year
(55,312)
(58,984)
Net assets
309,449
216,197
Called up share capital
1
1
Profit and loss account
309,448
216,196
Shareholders' funds
309,449
216,197
For the year ending 29 February 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 19 September 2024 and were signed on its behalf by
Mr D W Williams
Director
Company Registration No. 09461528
Williams Electrical Contractors (Cymru) Ltd
Notes to the Accounts
for the year ended 29 February 2024
Williams Electrical Contractors (Cymru) Ltd is a private company, limited by shares, registered in England and Wales, registration number 09461528. The registered office is Picton House, Maesybont Road, Gorslas, Llanelli, Carmarthenshire, SA14 7NA, Wales.
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:
Plant & machinery
25% Reducing Balance
Motor vehicles
25% Reducing Balance
4
Tangible fixed assets
Plant & machinery
Motor vehicles
Total
Cost or valuation
At cost
At cost
At 1 March 2023
41,040
136,014
177,054
Additions
21,711
37,755
59,466
At 29 February 2024
62,751
173,769
236,520
At 1 March 2023
25,403
86,560
111,963
Charge for the year
9,337
21,802
31,139
At 29 February 2024
34,740
108,362
143,102
At 29 February 2024
28,011
65,407
93,418
At 28 February 2023
15,637
49,454
65,091
Williams Electrical Contractors (Cymru) Ltd
Notes to the Accounts
for the year ended 29 February 2024
Amounts falling due within one year
Trade debtors
427,030
516,621
6
Creditors: amounts falling due within one year
2024
2023
Bank loans and overdrafts
41,322
19,839
Obligations under finance leases and hire purchase contracts
12,224
8,774
Trade creditors
230,408
227,940
Taxes and social security
46,624
142,693
Loans from directors
-
116,103
7
Creditors: amounts falling due after more than one year
2024
2023
Obligations under finance leases and hire purchase contracts
28,165
11,450
8
Average number of employees
During the year the average number of employees was 26 (2023: 15).