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REGISTERED NUMBER: 05145025 (England and Wales)















Unaudited Financial Statements for the Year Ended 30 June 2024

for

WILLIAM MEDCALF LIMITED

WILLIAM MEDCALF LIMITED (REGISTERED NUMBER: 05145025)

Contents of the Financial Statements
for the Year Ended 30 June 2024










Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


WILLIAM MEDCALF LIMITED

Company Information
for the Year Ended 30 June 2024







DIRECTOR: W E E Medcalf





REGISTERED OFFICE: Hill Brow
Liss
Hampshire
GU33 7NX





REGISTERED NUMBER: 05145025 (England and Wales)

WILLIAM MEDCALF LIMITED (REGISTERED NUMBER: 05145025)

Balance Sheet
30 June 2024

2024 2023
Notes £    £    £    £   
FIXED ASSETS
Intangible assets 4 8,195 11,125
Tangible assets 5 274,894 294,235
Investments 6 200 200
Investment property 7 371,806 371,806
655,095 677,366

CURRENT ASSETS
Stocks 616,544 667,551
Debtors 8 686,753 2,955,697
Cash at bank and in hand 254,762 59,043
1,558,059 3,682,291
CREDITORS
Amounts falling due within one year 9 920,795 2,690,191
NET CURRENT ASSETS 637,264 992,100
TOTAL ASSETS LESS CURRENT
LIABILITIES

1,292,359

1,669,466

CREDITORS
Amounts falling due after more than one
year

10

(13,692

)

(23,096

)

PROVISIONS FOR LIABILITIES (53,269 ) (57,232 )
NET ASSETS 1,225,398 1,589,138

CAPITAL AND RESERVES
Called up share capital 300 300
Retained earnings 1,225,098 1,588,838
SHAREHOLDERS' FUNDS 1,225,398 1,589,138

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

The members have not required the company to obtain an audit of its financial statements for the year ended 30 June 2024 in accordance with Section 476 of the Companies Act 2006.

The director acknowledges his 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.

WILLIAM MEDCALF LIMITED (REGISTERED NUMBER: 05145025)

Balance Sheet - continued
30 June 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 director and authorised for issue on 15 October 2024 and were signed by:





W E E Medcalf - Director


WILLIAM MEDCALF LIMITED (REGISTERED NUMBER: 05145025)

Notes to the Financial Statements
for the Year Ended 30 June 2024


1. STATUTORY INFORMATION

William Medcalf 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.

Preparation of consolidated financial statements
The financial statements contain information about William Medcalf Limited as an individual company and do not contain consolidated financial information as the parent of a group. The company is exempt under Section 399(2A) of the Companies Act 2006 from the requirements to prepare consolidated financial statements.

Turnover
Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes.

Government Grants
Government grants are recognised under the accrual model. Grants relating to revenue are recognised in income on a systematic basis over the periods in which the entity recognises the related costs for which the grant is intended to compensate.

Intangible assets
Intangible assets are initially measured at cost. After initial recognition, intangible assets are measured at cost less any accumulated amortisation and any accumulated impairment losses.

Computer software is being amortised evenly over its estimated useful life of four years.

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 - 25% on reducing balance, 5% on reducing balance and 15% - 25% on reducing balance

Investments in subsidiaries
In accordance with merger relief set out in section 612 of the Companies Act 2006, the shares in subsidiaries have been recorded at nominal value.

Investment property
Investment property is shown at most recent valuation. Any aggregate surplus or deficit arising from changes in fair value is recognised in profit or loss.

Stocks
Work in progress is valued at the lower of cost and net realisable value.

Cost is calculated using the first-in, first-out method and includes all purchase, transport, and handling costs in bringing stocks to their present location and condition.

WILLIAM MEDCALF LIMITED (REGISTERED NUMBER: 05145025)

Notes to the Financial Statements - continued
for the Year Ended 30 June 2024


2. ACCOUNTING POLICIES - continued

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 29 (2023 - 22 ) .

4. INTANGIBLE FIXED ASSETS
Other
intangible
assets
£   
COST
At 1 July 2023
and 30 June 2024 18,000
AMORTISATION
At 1 July 2023 6,875
Charge for year 2,930
At 30 June 2024 9,805
NET BOOK VALUE
At 30 June 2024 8,195
At 30 June 2023 11,125

5. TANGIBLE FIXED ASSETS
Improvements
to Plant and Office Motor
property machinery Equipment vehicles Totals
£    £    £    £    £   
COST
At 1 July 2023 112,088 392,325 114,597 26,506 645,516
Additions - 2,250 23,261 - 25,511
Disposals - - (6,638 ) - (6,638 )
At 30 June 2024 112,088 394,575 131,220 26,506 664,389
DEPRECIATION
At 1 July 2023 28,837 219,589 89,760 13,095 351,281
Charge for year 4,164 27,818 8,617 3,348 43,947
Eliminated on disposal - - (5,733 ) - (5,733 )
At 30 June 2024 33,001 247,407 92,644 16,443 389,495
NET BOOK VALUE
At 30 June 2024 79,087 147,168 38,576 10,063 274,894
At 30 June 2023 83,251 172,736 24,837 13,411 294,235

WILLIAM MEDCALF LIMITED (REGISTERED NUMBER: 05145025)

Notes to the Financial Statements - continued
for the Year Ended 30 June 2024


6. FIXED ASSET INVESTMENTS
Shares in
group
undertakings
£   
COST
At 1 July 2023
and 30 June 2024 200
NET BOOK VALUE
At 30 June 2024 200
At 30 June 2023 200

7. INVESTMENT PROPERTY
Total
£   
FAIR VALUE
At 1 July 2023
and 30 June 2024 371,806
NET BOOK VALUE
At 30 June 2024 371,806
At 30 June 2023 371,806

8. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Trade debtors 189,936 2,783,269
Other debtors 496,817 172,428
686,753 2,955,697

9. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Bank loans and overdrafts (see note 11) 9,404 9,175
Trade creditors 151,490 204,406
Amounts owed to participating interests 200 1,437,175
Taxation and social security 151,187 234,876
Other creditors 608,514 804,559
920,795 2,690,191

10. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
2024 2023
£    £   
Bank loans (see note 11) 13,692 23,096

WILLIAM MEDCALF LIMITED (REGISTERED NUMBER: 05145025)

Notes to the Financial Statements - continued
for the Year Ended 30 June 2024


11. LOANS

An analysis of the maturity of loans is given below:

2024 2023
£    £   
Amounts falling due within one year or on demand:
Bank loans 9,404 9,175

Amounts falling due between one and two years:
Bank loans - 1-2 years 13,692 9,404

Amounts falling due between two and five years:
Bank loans - 2-5 years - 13,692

The company received a Bounce Bank Loan (BBL) of £50,000 in June 2020 from Barclays Bank UK Plc. Loans under this scheme have set interest rates of 2.5% per annum and no fees and are payable over the six-year term.

12. DIRECTOR'S ADVANCES, CREDITS AND GUARANTEES

The following advances and credits to a director subsisted during the years ended 30 June 2024 and 30 June 2023:

2024 2023
£    £   
W E E Medcalf
Balance outstanding at start of year (258,151 ) (1,004,682 )
Amounts advanced 2,348,518 750,000
Amounts repaid (1,948,448 ) (3,469 )
Amounts written off - -
Amounts waived - -
Balance outstanding at end of year 141,919 (258,151 )