Registered number
05429670
WILLIAMSON BURNS LIMITED
Filleted Accounts
30 April 2024
WILLIAMSON BURNS LIMITED
Registered number: 05429670
Balance Sheet
as at 30 April 2024
Notes 2024 2023
£ £
Fixed assets
Intangible assets 3 208,999 122,511
Tangible assets 4 672,799 625,604
Investments 5 233,980 233,980
1,115,778 982,095
Current assets
Debtors 6 10,357 10,357
Cash at bank and in hand 26,679 111,767
37,036 122,124
Creditors: amounts falling due within one year 7 (2,892) (1,992)
Net current assets 34,144 120,132
Total assets less current liabilities 1,149,922 1,102,227
Creditors: amounts falling due after more than one year 8 (598,887) (600,952)
Provisions for liabilities (125) (125)
Net assets 550,910 501,150
Capital and reserves
Called up share capital 100 100
Share premium 378,777 378,777
Profit and loss account 172,033 122,273
Shareholder's funds 550,910 501,150
The director is satisfied that the company is entitled to exemption from the requirement to obtain an audit under section 477 of the Companies Act 2006.
The member has not required the company to obtain an audit in accordance with section 476 of the Act.
The director acknowledges his 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.
Alan Williamson
Director
Approved by the board on 30 July 2024
WILLIAMSON BURNS LIMITED
Notes to the Accounts
for the year ended 30 April 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.
Intangible fixed assets
Intangible fixed assets are measured at cost less accumulative amortisation and any accumulative impairment losses.
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:
Motor Vehicle 20% straight line
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.
2 Employees 2024 2023
Number Number
Average number of persons employed by the company 0 0
3 Intangible fixed assets £
Crypto Currency
Cost
At 1 May 2023 122,511
Additions 86,488
At 30 April 2024 208,999
Amortisation
At 30 April 2024 -
Net book value
At 30 April 2024 208,999
At 30 April 2023 122,511
Crypto currencies are accounted for using the ‘cost method’, and not amortised annually (since considered to have an indefinite useful life) but impairment is considered at the year end date in respect of any fall in value.
4 Tangible fixed assets
Land and buildings Plant and machinery etc Motor vehicles Total
£ £ £ £
Cost
At 1 May 2023 625,604 33,536 - 659,140
Additions - - 58,994 58,994
At 30 April 2024 625,604 33,536 58,994 718,134
Depreciation
At 1 May 2023 - 33,536 - 33,536
Charge for the year - - 11,799 11,799
At 30 April 2024 - 33,536 11,799 45,335
Net book value
At 30 April 2024 625,604 - 47,195 672,799
At 30 April 2023 625,604 - - 625,604
5 Investments
Other
investments
£
Cost
At 1 May 2023 233,980
At 30 April 2024 233,980
6 Debtors 2024 2023
£ £
Interactive Investment (95) (95)
Other debtors 10,452 10,452
10,357 10,357
7 Creditors: amounts falling due within one year 2024 2023
£ £
Taxation and social security costs 1,992 1,992
Other creditors 900 -
2,892 1,992
8 Creditors: amounts falling due after one year 2024 2023
£ £
Bank loans 523,763 523,763
Directors current account 75,124 77,189
598,887 600,952
9 Other information
WILLIAMSON BURNS LIMITED is a private company limited by shares and incorporated in England. Its registered office is:
17 Plumbers Row
Unit 4
Upper ground
London
E1 1EQ
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