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REGISTERED NUMBER: 01136318 (England and Wales)


























UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 MAY 2024

FOR

NL WILLIAMS GROUP LIMITED

NL WILLIAMS GROUP LIMITED (REGISTERED NUMBER: 01136318)

CONTENTS OF THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MAY 2024










Page

Company Information 1

Abridged Balance Sheet 2

Notes to the Financial Statements 4


NL WILLIAMS GROUP LIMITED

COMPANY INFORMATION
FOR THE YEAR ENDED 31 MAY 2024







DIRECTORS: Mr B Williams
Miss B H Williams





REGISTERED OFFICE: West Side Ind Estate
Jackson Street
St Helens
Merseyside
WA9 1AP





REGISTERED NUMBER: 01136318 (England and Wales)





ACCOUNTANTS: Livesey Spottiswood Ltd
Chartered Accountants
17 George Street
St Helens
Merseyside
WA10 1DB

NL WILLIAMS GROUP LIMITED (REGISTERED NUMBER: 01136318)

ABRIDGED BALANCE SHEET
31 MAY 2024

2024 2023
Notes £    £   
FIXED ASSETS
Intangible assets 4 5,515 -
Tangible assets 5 626,318 591,066
Investments 6 4 4
631,837 591,070

CURRENT ASSETS
Stocks 39,945 37,202
Debtors 334,880 299,020
Cash at bank and in hand 217,870 303,299
592,695 639,521
CREDITORS
Amounts falling due within one year (303,906 ) (287,531 )
NET CURRENT ASSETS 288,789 351,990
TOTAL ASSETS LESS CURRENT
LIABILITIES

920,626

943,060

CREDITORS
Amounts falling due after more than one year (245,123 ) (278,666 )
NET ASSETS 675,503 664,394

CAPITAL AND RESERVES
Called up share capital 8 50 50
Revaluation reserve 9 298,015 300,551
Capital redemption reserve 9 50 50
Retained earnings 9 377,388 363,743
SHAREHOLDERS' FUNDS 675,503 664,394

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 May 2024.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 May 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.

NL WILLIAMS GROUP LIMITED (REGISTERED NUMBER: 01136318)

ABRIDGED BALANCE SHEET - continued
31 MAY 2024


The financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime.

All the members have consented to the preparation of an abridged Balance Sheet for the year ended 31 May 2024 in accordance with Section 444(2A) of the Companies Act 2006.

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 7 February 2025 and were signed on its behalf by:





Mr B Williams - Director


NL WILLIAMS GROUP LIMITED (REGISTERED NUMBER: 01136318)

NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MAY 2024


1. STATUTORY INFORMATION

NL Williams Group 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 as modified by the revaluation of certain assets.

The significant accounting policies applied in the preparation of these financial statements are set out below. These policies have been consistently applied to all years presented unless otherwise stated.

Turnover
Turnover represents net invoiced sales of goods and services, excluding value added tax.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Long leasehold - Over the period of the lease
Plant and machinery - 15% on reducing balance
Fixtures and fittings - 15% on reducing balance and 33% on cost
Motor vehicles - 25% on reducing balance

Investments in subsidiaries
Investments in subsidiary undertakings are recognised at cost.

Stocks
Stocks are valued at the lower of cost and net realisable value, after making due allowance for obsolete and slow moving items.

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 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.

Foreign currencies
Assets and liabilities in foreign currencies are translated into sterling at the rates of exchange ruling at the balance sheet date. Transactions in foreign currencies are translated into sterling at the rate of exchange ruling at the date of transaction. Exchange differences are taken into account in arriving at the operating result.

Hire purchase and leasing commitments
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.

NL WILLIAMS GROUP LIMITED (REGISTERED NUMBER: 01136318)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 MAY 2024


2. ACCOUNTING POLICIES - continued

Government grants/assistance
Government grants in respect of capital expenditure are credited to a deferred income account and are released to the Profit and Loss Account by equal annual instalments over the expected useful life of the relevant assets.


Investments
Investments are included at cost less amounts written off. Profits or losses arising from disposals of fixed asset investments are treated as part of the result from ordinary activities.


3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 20 (2023 - 21 ) .

4. INTANGIBLE FIXED ASSETS
Totals
£   
COST
Additions 5,515
At 31 May 2024 5,515
NET BOOK VALUE

At 31 May 2024 5,515

5. TANGIBLE FIXED ASSETS
Totals
£   
COST OR VALUATION
At 1 June 2023 1,268,596
Additions 77,369
Disposals (21,000 )
At 31 May 2024 1,324,965
DEPRECIATION
At 1 June 2023 677,530
Charge for year 36,796
Eliminated on disposal (15,679 )
At 31 May 2024 698,647
NET BOOK VALUE
At 31 May 2024 626,318
At 31 May 2023 591,066

The long leasehold property was revalued on 14 June 2019 by Lamb & Swift Commercials.

The historical cost of the long leasehold property included at valuation amounts to £207,320 (2023 - £207,320). Accumulated depreciation thereon would have amounted to £80,335 (2023 - £77,871).


NL WILLIAMS GROUP LIMITED (REGISTERED NUMBER: 01136318)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 MAY 2024


6. FIXED ASSET INVESTMENTS

Information on investments other than loans is as follows:
Totals
£   
COST
At 1 June 2023
and 31 May 2024 4
NET BOOK VALUE
At 31 May 2024 4
At 31 May 2023 4

7. SECURED DEBTS

The following secured debts are included within creditors:

2024 2023
£    £   
Bank loans 266,230 298,252
Hire purchase contracts 12,399 16,027
278,629 314,279

8. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 2024 2023
value: £    £   
50 Ordinary £1 50 50

9. RESERVES
Capital
Retained Revaluation redemption
earnings reserve reserve Totals
£    £    £    £   

At 1 June 2023 363,743 300,551 50 664,344
Profit for the year 11,109 - - 11,109
Transfer for depreciation charged on
revalued asset

2,536

(2,536

)

-

-

At 31 May 2024 377,388 298,015 50 675,453

10. OTHER FINANCIAL COMMITMENTS

At the balance sheet date the company had other financial commitments amounting to £27,596 (2023 - £47,030).