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REGISTERED NUMBER: 01069833 (England and Wales)













Financial Statements

for the Year Ended 30 April 2024

for

A.E. Willows & Son Limited

A.E. Willows & Son Limited (Registered number: 01069833)






Contents of the Financial Statements
for the year ended 30 April 2024




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


A.E. Willows & Son Limited

Company Information
for the year ended 30 April 2024







DIRECTORS: Mr A E Willows
Mr S E Willows
Mr R A Willows



SECRETARY: Mr A E Willows



REGISTERED OFFICE: Moor Farm
Thorney
NEWARK
Nottinghamshire
NG23 7DG



REGISTERED NUMBER: 01069833 (England and Wales)



ACCOUNTANTS: Nicholsons
Chartered Accountants
Newland House
The Point
Weaver Road
LINCOLN
Lincolnshire
LN6 3QN



BANKERS: Lloyds Bank Plc
202 High Street
LINCOLN
Lincolnshire
LN5 7AP

A.E. Willows & Son Limited (Registered number: 01069833)

Balance Sheet
30 April 2024

2024 2023
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 1,024,561 924,402

CURRENT ASSETS
Debtors 5 235,796 219,399
Cash at bank and in hand 187,957 147,509
423,753 366,908
CREDITORS
Amounts falling due within one year 6 327,295 276,627
NET CURRENT ASSETS 96,458 90,281
TOTAL ASSETS LESS CURRENT
LIABILITIES

1,121,019

1,014,683

CREDITORS
Amounts falling due after more than
one year

7

(472,450

)

(369,176

)

PROVISIONS FOR LIABILITIES (250,291 ) (231,100 )
NET ASSETS 398,278 414,407

CAPITAL AND RESERVES
Called up share capital 1,000 1,000
Retained earnings 397,278 413,407
SHAREHOLDERS' FUNDS 398,278 414,407

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 30 April 2024.

The members have not required the company to obtain an audit of its financial statements for the year ended 30 April 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.

A.E. Willows & Son Limited (Registered number: 01069833)

Balance Sheet - continued
30 April 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 29 November 2024 and were signed on its behalf by:





Mr R A Willows - Director


A.E. Willows & Son Limited (Registered number: 01069833)

Notes to the Financial Statements
for the year ended 30 April 2024

1. STATUTORY INFORMATION

A.E. Willows & Son 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 or, if held under a finance lease, over the lease term, whichever is the shorter.
Long leasehold - 10% on cost and 4% on cost
Goods vehicles - 25% on reducing balance and 15% on reducing balance
Plant and machinery - 25% on reducing balance and 15% on reducing balance
Fixtures and fittings - 15% on reducing balance and 10% on cost
Motor vehicles - 25% on reducing balance
Computer equipment - 20% on cost

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.

A.E. Willows & Son Limited (Registered number: 01069833)

Notes to the Financial Statements - continued
for the year ended 30 April 2024

2. ACCOUNTING POLICIES - continued

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 19 (2023 - 16 ) .

4. TANGIBLE FIXED ASSETS
Freehold Long Goods Plant and
property leasehold vehicles machinery
£    £    £    £   
COST
At 1 May 2023 3,000 474,835 1,176,601 259,697
Additions - - 342,979 720
At 30 April 2024 3,000 474,835 1,519,580 260,417
DEPRECIATION
At 1 May 2023 - 157,751 673,443 189,048
Charge for year - 18,059 202,956 14,278
At 30 April 2024 - 175,810 876,399 203,326
NET BOOK VALUE
At 30 April 2024 3,000 299,025 643,181 57,091
At 30 April 2023 3,000 317,084 503,158 70,649

A.E. Willows & Son Limited (Registered number: 01069833)

Notes to the Financial Statements - continued
for the year ended 30 April 2024

4. TANGIBLE FIXED ASSETS - continued

Fixtures
and Motor Computer
fittings vehicles equipment Totals
£    £    £    £   
COST
At 1 May 2023 82,358 38,000 8,410 2,042,901
Additions - - 450 344,149
At 30 April 2024 82,358 38,000 8,860 2,387,050
DEPRECIATION
At 1 May 2023 72,456 18,065 7,736 1,118,499
Charge for year 1,516 6,919 262 243,990
At 30 April 2024 73,972 24,984 7,998 1,362,489
NET BOOK VALUE
At 30 April 2024 8,386 13,016 862 1,024,561
At 30 April 2023 9,902 19,935 674 924,402

Fixed assets, included in the above, which are held under hire purchase contracts are as follows:
Goods Plant and
vehicles machinery Totals
£    £    £   
COST
At 1 May 2023 520,477 14,950 535,427
Additions 342,979 - 342,979
At 30 April 2024 863,456 14,950 878,406
DEPRECIATION
At 1 May 2023 230,076 9,978 240,054
Charge for year 151,526 749 152,275
At 30 April 2024 381,602 10,727 392,329
NET BOOK VALUE
At 30 April 2024 481,854 4,223 486,077
At 30 April 2023 290,401 4,972 295,373

A.E. Willows & Son Limited (Registered number: 01069833)

Notes to the Financial Statements - continued
for the year ended 30 April 2024

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Trade debtors 190,396 171,958
Other debtors 190 227
Prepayments and accrued income 45,210 47,214
235,796 219,399

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Bank loans and overdrafts 28,683 28,683
Hire purchase contracts 100,747 66,885
Trade creditors 110,243 90,526
Corporation tax - 8,763
Social security and other taxes 5,937 7,164
VAT 29,296 16,454
Other creditors 1,417 1,353
Directors' current accounts 41,902 50,492
Accruals and deferred income 9,070 6,307
327,295 276,627

7. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN
ONE YEAR
2024 2023
£    £   
Bank loan due less than 5 yrs 37,683 125,232
Bank loan due after 5yrs 143,991 88,791
Hire purchase contracts 290,776 155,153
472,450 369,176

Amounts falling due in more than five years:

Repayable by instalments
Bank loan due after 5yrs 143,991 88,791

A.E. Willows & Son Limited (Registered number: 01069833)

Notes to the Financial Statements - continued
for the year ended 30 April 2024

8. DIRECTORS' ADVANCES, CREDITS AND GUARANTEES

The following advances and credits to directors subsisted during the years ended 30 April 2024 and 30 April 2023:

2024 2023
£    £   
Mr A E Willows
Balance outstanding at start of year (410 ) (7,485 )
Amounts advanced 27,080 26,009
Amounts repaid (29,860 ) (18,934 )
Amounts written off - -
Amounts waived - -
Balance outstanding at end of year (3,190 ) (410 )

Mr S E Willows
Balance outstanding at start of year (886 ) 5,966
Amounts advanced 26,768 16,945
Amounts repaid (26,767 ) (23,797 )
Amounts written off - -
Amounts waived - -
Balance outstanding at end of year (885 ) (886 )

Mr R A Willows
Balance outstanding at start of year (49,214 ) (33,923 )
Amounts advanced 38,053 8,502
Amounts repaid (26,650 ) (23,793 )
Amounts written off - -
Amounts waived - -
Balance outstanding at end of year (37,811 ) (49,214 )

Interest was charged at the official rate on any director loans whilst they were outstanding.