Registered number
00399435
Alfred Willday & Son Limited
Unaudited Filleted Accounts
31 October 2024
David Matthews BA FCA
Linwood
St Peters Road
Arnesby
Leicester
LE8 5WJ
Alfred Willday & Son Limited
Registered number: 00399435
Balance Sheet
as at 31 October 2024
Notes 2024 2023
£ £
Fixed assets
Tangible assets 3 306,483 336,525
Investments 4 85,000 85,000
391,483 421,525
Current assets
Stocks 5,075 23,871
Debtors 5 219,991 150,555
Cash at bank and in hand 53,231 70,283
278,297 244,709
Creditors: amounts falling due within one year 6 (142,850) (92,921)
Net current assets 135,447 151,788
Total assets less current liabilities 526,930 573,313
Provisions for liabilities (37,988) (41,788)
Net assets 488,942 531,525
Capital and reserves
Called up share capital 502 502
Revaluation reserve 7 16,415 16,415
Profit and loss account 472,025 514,608
Shareholders' funds 488,942 531,525
The directors are satisfied that the company is entitled to exemption from the requirement to obtain an audit under section 477 of the Companies Act 2006.
The members have not required the company to obtain an audit in accordance with section 476 of the Act.
The directors acknowledge their responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of accounts.
The accounts have been prepared and delivered in accordance with the special provisions applicable to companies subject to the small companies regime. The profit and loss account has not been delivered to the Registrar of Companies.
T.P. Willday
Director
Approved by the board on 27 January 2025
Alfred Willday & Son Limited
Notes to the Accounts
for the year ended 31 October 2024
1 Accounting policies
Basis of preparation
The accounts have been prepared under the historical cost convention and in accordance with FRS 102, The Financial Reporting Standard applicable in the UK and Republic of Ireland (as applied to small entities by section 1A of the standard).
Turnover
Turnover is measured at the fair value of the consideration received or receivable, net of discounts and value added taxes. Turnover includes revenue earned from the sale of goods and from the rendering of services. Turnover from the sale of goods is recognised when the significant risks and rewards of ownership of the goods have transferred to the buyer. Turnover from the rendering of services is recognised by reference to the stage of completion of the contract. The stage of completion of a contract is measured by comparing the costs incurred for work performed to date to the total estimated contract costs.
Tangible fixed assets
Tangible fixed assets are measured at cost less accumulative depreciation and any accumulative impairment losses. Depreciation is provided on all tangible fixed assets, other than freehold land, at rates calculated to write off the cost, less estimated residual value, of each asset evenly over its expected useful life, as follows:
Freehold buildings no depreciation
Plant and machinery over 4 years
Motor vehicles over 4 years
Investments
Investments in subsidiaries, associates and joint ventures are measured at cost less any accumulated impairment losses. Listed investments are measured at fair value. Unlisted investments are measured at fair value unless the value cannot be measured reliably, in which case they are measured at cost less any accumulated impairment losses. Changes in fair value are included in the profit and loss account.
Stocks
Stocks are measured at the lower of cost and estimated selling price less costs to complete and sell. Cost is determined using the first in first out method. The carrying amount of stock sold is recognised as an expense in the period in which the related revenue is recognised.
Debtors
Short term debtors are measured at transaction price (which is usually the invoice price), less any impairment losses for bad and doubtful debts. Loans and other financial assets are initially recognised at transaction price including any transaction costs and subsequently measured at amortised cost determined using the effective interest method, less any impairment losses for bad and doubtful debts.
Creditors
Short term creditors are measured at transaction price (which is usually the invoice price). Loans and other financial liabilities are initially recognised at transaction price net of any transaction costs and subsequently measured at amortised cost determined using the effective interest method.
Taxation
A current tax liability is recognised for the tax payable on the taxable profit of the current and past periods. A current tax asset is recognised in respect of a tax loss that can be carried back to recover tax paid in a previous period. Deferred tax is recognised in respect of all timing differences between the recognition of income and expenses in the financial statements and their inclusion in tax assessments. 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. Deferred tax is measured using the tax rates and laws that have been enacted or substantively enacted by the reporting date and that are expected to apply to the reversal of the timing difference, except for revalued land and investment property where the tax rate that applies to the sale of the asset is used. Current and deferred tax assets and liabilities are not discounted.
Provisions
Provisions (ie liabilities of uncertain timing or amount) are recognised when there is an obligation at the reporting date as a result of a past event, it is probable that economic benefit will be transferred to settle the obligation and the amount of the obligation can be estimated reliably.
Pensions
Contributions to defined contribution plans are expensed in the period to which they relate.
2 Employees 2024 2023
Number Number
Average number of persons employed by the company 9 9
3 Tangible fixed assets
Land and buildings Plant and machinery etc Motor vehicles Total
£ £ £ £
Cost
At 1 November 2023 153,667 781,483 28,219 963,369
Additions - 20,896 - 20,896
At 31 October 2024 153,667 802,379 28,219 984,265
Depreciation
At 1 November 2023 - 600,499 26,345 626,844
Charge for the year - 50,470 468 50,938
At 31 October 2024 - 650,969 26,813 677,782
Net book value
At 31 October 2024 153,667 151,410 1,406 306,483
At 31 October 2023 153,667 180,984 1,874 336,525
4 Investments
Other
investments
£
Cost
At 1 November 2023 85,000
At 31 October 2024 85,000
5 Debtors 2024 2023
£ £
Trade debtors 219,752 149,260
Other debtors 239 1,295
219,991 150,555
6 Creditors: amounts falling due within one year 2024 2023
£ £
Trade creditors 85,785 80,871
Taxation and social security costs 10,130 -
Other creditors 46,935 12,050
142,850 92,921
7 Revaluation reserve 2024 2023
£ £
At 1 November 2023 16,415 16,415
At 31 October 2024 16,415 16,415
8 Other information
Alfred Willday & Son Limited is a private company limited by shares and incorporated in England. Its registered office is:
Unit 1
Duns Lane
Leicester
LE3 5LX
Alfred Willday & Son Limited 00399435 false 2023-11-01 2024-10-31 2024-10-31 VT Final Accounts July 2024 T.P. Willday No description of principal activity 00399435 2022-11-01 2023-10-31 00399435 core:WithinOneYear 2023-10-31 00399435 core:ShareCapital 2023-10-31 00399435 core:OtherReservesSubtotal 2023-10-31 00399435 core:RetainedEarningsAccumulatedLosses 2023-10-31 00399435 core:RevaluationReserve 2022-10-31 00399435 2023-11-01 2024-10-31 00399435 bus:PrivateLimitedCompanyLtd 2023-11-01 2024-10-31 00399435 bus:AuditExemptWithAccountantsReport 2023-11-01 2024-10-31 00399435 bus:Director40 2023-11-01 2024-10-31 00399435 1 2023-11-01 2024-10-31 00399435 2 2023-11-01 2024-10-31 00399435 core:LandBuildings 2023-11-01 2024-10-31 00399435 core:PlantMachinery 2023-11-01 2024-10-31 00399435 core:Vehicles 2023-11-01 2024-10-31 00399435 countries:England 2023-11-01 2024-10-31 00399435 bus:FRS102 2023-11-01 2024-10-31 00399435 bus:FilletedAccounts 2023-11-01 2024-10-31 00399435 2024-10-31 00399435 core:WithinOneYear 2024-10-31 00399435 core:ShareCapital 2024-10-31 00399435 core:OtherReservesSubtotal 2024-10-31 00399435 core:RetainedEarningsAccumulatedLosses 2024-10-31 00399435 core:LandBuildings 2024-10-31 00399435 core:PlantMachinery 2024-10-31 00399435 core:Vehicles 2024-10-31 00399435 core:RevaluationReserve 2024-10-31 00399435 2023-10-31 00399435 core:LandBuildings 2023-10-31 00399435 core:PlantMachinery 2023-10-31 00399435 core:Vehicles 2023-10-31 00399435 core:RevaluationReserve 2023-10-31 iso4217:GBP xbrli:pure