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REGISTERED NUMBER: 08125213 (England and Wales)















UNAUDITED FINANCIAL STATEMENTS FOR THE YEAR ENDED 30 JUNE 2024

FOR

WILLIAMS FINANCIAL MANAGEMENT LTD

WILLIAMS FINANCIAL MANAGEMENT LTD (REGISTERED NUMBER: 08125213)






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


WILLIAMS FINANCIAL MANAGEMENT LTD

COMPANY INFORMATION
for the Year Ended 30 June 2024







DIRECTOR: J M Williams





REGISTERED OFFICE: 42-44 Nottingham Road
Mansfield
Nottinghamshire
NG18 1BL





REGISTERED NUMBER: 08125213 (England and Wales)





ACCOUNTANTS: Beeley Hawley & Co. Ltd
Chartered Accountants
42-44 Nottingham Road
Mansfield
Nottinghamshire
NG18 1BL

WILLIAMS FINANCIAL MANAGEMENT LTD (REGISTERED NUMBER: 08125213)

BALANCE SHEET
30 June 2024

2024 2023
Notes £    £    £    £   
FIXED ASSETS
Intangible assets 4 113,933 124,673
Tangible assets 5 15,904 10,188
129,837 134,861

CURRENT ASSETS
Debtors 6 13,718 11,409
Cash at bank 10,699 715
24,417 12,124
CREDITORS
Amounts falling due within one year 7 58,896 74,298
NET CURRENT LIABILITIES (34,479 ) (62,174 )
TOTAL ASSETS LESS CURRENT
LIABILITIES

95,358

72,687

CREDITORS
Amounts falling due after more than one
year

8

33,684

48,714
NET ASSETS 61,674 23,973

CAPITAL AND RESERVES
Called up share capital 100 100
Retained earnings 61,574 23,873
61,674 23,973

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.

WILLIAMS FINANCIAL MANAGEMENT LTD (REGISTERED NUMBER: 08125213)

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 13 March 2025 and were signed by:





J M Williams - Director


WILLIAMS FINANCIAL MANAGEMENT LTD (REGISTERED NUMBER: 08125213)

NOTES TO THE FINANCIAL STATEMENTS
for the Year Ended 30 June 2024

1. STATUTORY INFORMATION

Williams Financial Management 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.

Goodwill
Goodwill, being the amount paid in connection with the acquisition of a business, is being amortised evenly over its estimated useful life of twenty years from the date of purchase.

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.

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 and 20% on reducing balance

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.

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.

WILLIAMS FINANCIAL MANAGEMENT LTD (REGISTERED NUMBER: 08125213)

NOTES TO THE FINANCIAL STATEMENTS - continued
for the Year Ended 30 June 2024

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 1 (2023 - 1 ) .

4. INTANGIBLE FIXED ASSETS
Goodwill
£   
COST
At 1 July 2023
and 30 June 2024 214,790
AMORTISATION
At 1 July 2023 90,117
Charge for year 10,740
At 30 June 2024 100,857
NET BOOK VALUE
At 30 June 2024 113,933
At 30 June 2023 124,673

5. TANGIBLE FIXED ASSETS
Plant and
machinery
etc
£   
COST
At 1 July 2023 28,892
Additions 10,518
At 30 June 2024 39,410
DEPRECIATION
At 1 July 2023 18,704
Charge for year 4,802
At 30 June 2024 23,506
NET BOOK VALUE
At 30 June 2024 15,904
At 30 June 2023 10,188

6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Trade debtors 6,078 11,409
Other debtors 7,640 -
13,718 11,409

WILLIAMS FINANCIAL MANAGEMENT LTD (REGISTERED NUMBER: 08125213)

NOTES TO THE FINANCIAL STATEMENTS - continued
for the Year Ended 30 June 2024

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Bank loans and overdrafts 3,136 6,000
Other loans 15,687 15,170
Tax 20,299 17,741
Other creditors 17,446 13,282
Directors' current accounts - 19,777
Accruals and deferred income 2,328 2,328
58,896 74,298

8. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
2024 2023
£    £   
Bank loans 13,173 11,999
Other loans 20,511 36,715
33,684 48,714

9. DIRECTOR'S ADVANCES, CREDITS AND GUARANTEES

At the end of the year, the director held an overdrawn balance with the company of £7,639 (2023: £19,777 due from the company). During the year £79,741 was withdrawn and £52,325 repaid.