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REGISTERED NUMBER: 07152820 (England and Wales)















Unaudited Financial Statements for the Year Ended 5 April 2024

for

Dewi Williams Ltd

Dewi Williams Ltd (Registered number: 07152820)






Contents of the Financial Statements
for the Year Ended 5 April 2024




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4

Chartered Accountants' Report 6

Dewi Williams Ltd

Company Information
for the Year Ended 5 April 2024







DIRECTOR: Mr D Williams





REGISTERED OFFICE: The Lowlands
Crickheathe
Oswestry
Shropshire
SY10 8BS





REGISTERED NUMBER: 07152820 (England and Wales)





ACCOUNTANTS: Dunn & Ellis Cyf
Chartered Accountants
Adeilad St David's Building
Stryd Lombard Street
Porthmadog
Gwynedd
LL49 9AP

Dewi Williams Ltd (Registered number: 07152820)

Balance Sheet
5 April 2024

5.4.24 5.4.23
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 181,515 172,281

CURRENT ASSETS
Stocks 2,728 4,945
Debtors 5 6,314 12,306
Cash at bank 1,609 4,170
10,651 21,421
CREDITORS
Amounts falling due within one year 6 203,620 189,156
NET CURRENT LIABILITIES (192,969 ) (167,735 )
TOTAL ASSETS LESS CURRENT
LIABILITIES

(11,454

)

4,546

PROVISIONS FOR LIABILITIES 12,857 15,296
NET LIABILITIES (24,311 ) (10,750 )

CAPITAL AND RESERVES
Called up share capital 1 1
Retained earnings (24,312 ) (10,751 )
SHAREHOLDERS' FUNDS (24,311 ) (10,750 )

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 5 April 2024.

The members have not required the company to obtain an audit of its financial statements for the year ended 5 April 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.

Dewi Williams Ltd (Registered number: 07152820)

Balance Sheet - continued
5 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 director and authorised for issue on 16 January 2025 and were signed by:





Mr D Williams - Director


Dewi Williams Ltd (Registered number: 07152820)

Notes to the Financial Statements
for the Year Ended 5 April 2024

1. STATUTORY INFORMATION

Dewi Williams Ltd 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.

Plant & machinery - 20% reducing balance
Computer equipment - 20% reducing balance

Fixed assets are stated at their cost prices, less accumulated depreciation and any amounts recognised in respect of impairment.

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
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.

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.

3. EMPLOYEES AND DIRECTORS

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

Dewi Williams Ltd (Registered number: 07152820)

Notes to the Financial Statements - continued
for the Year Ended 5 April 2024

4. TANGIBLE FIXED ASSETS
Plant and
Land and machinery
buildings etc Totals
£    £    £   
COST
At 6 April 2023 57,227 300,269 357,496
Additions 22,748 2,664 25,412
Disposals - (400 ) (400 )
At 5 April 2024 79,975 302,533 382,508
DEPRECIATION
At 6 April 2023 1,296 183,919 185,215
Charge for year 845 14,933 15,778
At 5 April 2024 2,141 198,852 200,993
NET BOOK VALUE
At 5 April 2024 77,834 103,681 181,515
At 5 April 2023 55,931 116,350 172,281

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
5.4.24 5.4.23
£    £   
Trade debtors - 2,806
Other debtors 6,314 9,500
6,314 12,306

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
5.4.24 5.4.23
£    £   
Bank loans and overdrafts - 115
Trade creditors 985 798
Taxation and social security - 792
Other creditors 202,635 187,451
203,620 189,156

7. RELATED PARTY DISCLOSURES

The director's loan account remained in credit throughout the year in 2023 and this did not change in 2024. By the year-end, the total was £201,270 (2023 - £186,226) owing to the director.

During the year, rents of £3,850 (2023 - £3,850) was paid to the director for the right to trade from the property which is owned by the director.

Chartered Accountants' Report to the Director
on the Unaudited Financial Statements of
Dewi Williams Ltd

The following reproduces the text of the report prepared for the director in respect of the company's annual unaudited financial statements. In accordance with the Companies Act 2006, the company is only required to file a Balance Sheet. Readers are cautioned that the Income Statement and certain other primary statements and the Report of the Director are not required to be filed with the Registrar of Companies.

In order to assist you to fulfil your duties under the Companies Act 2006, we have prepared for your approval the financial statements of Dewi Williams Ltd for the year ended 5 April 2024 which comprise the Income Statement, Balance Sheet and the related notes from the company's accounting records and from information and explanations you have given us.

As a practising member firm of the Institute of Chartered Accountants in England and Wales (ICAEW), we are subject to its ethical and other professional requirements which are detailed within the ICAEW's regulations and guidance at http://www.icaew.com/en/membership/regulations-standards-and-guidance.

This report is made solely to the director of Dewi Williams Ltd in accordance with our terms of engagement. Our work has been undertaken solely to prepare for your approval the financial statements of Dewi Williams Ltd and state those matters that we have agreed to state to the director of Dewi Williams Ltd in this report in accordance with ICAEW Technical Release 07/16AAF. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than Dewi Williams Ltd and its director for our work or for this report.

It is your duty to ensure that Dewi Williams Ltd has kept adequate accounting records and to prepare statutory financial statements that give a true and fair view of the assets, liabilities, financial position and loss of Dewi Williams Ltd. You consider that Dewi Williams Ltd is exempt from the statutory audit requirement for the year.

We have not been instructed to carry out an audit or a review of the financial statements of Dewi Williams Ltd. For this reason, we have not verified the accuracy or completeness of the accounting records or information and explanations you have given to us and we do not, therefore, express any opinion on the statutory financial statements.






Dunn & Ellis Cyf
Chartered Accountants
Adeilad St David's Building
Stryd Lombard Street
Porthmadog
Gwynedd
LL49 9AP


Date: .............................................