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REGISTERED NUMBER: 05113948 (England and Wales)















Unaudited Financial Statements for the Year Ended 31 August 2024

for

Williams Construction (Stockport)
Limited

Williams Construction (Stockport)
Limited (Registered number: 05113948)






Contents of the Financial Statements
for the Year Ended 31 August 2024




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 3


Williams Construction (Stockport)
Limited

Company Information
for the Year Ended 31 August 2024







DIRECTOR: G J Williams





SECRETARY:





REGISTERED OFFICE: Labyrinth House
43-47 Middle Hillgate
Stockport
Cheshire
SK1 3DG





REGISTERED NUMBER: 05113948 (England and Wales)





ACCOUNTANTS: Lomas and Company Accountants Limited
Bridge House
12 Market Street
Glossop
Derbyshire
SK13 8AR

Williams Construction (Stockport)
Limited (Registered number: 05113948)

Balance Sheet
31 August 2024

31.8.24 31.8.23
Notes £    £    £    £   
FIXED ASSETS
Intangible assets 4 - 35,000
Tangible assets 5 731,790 850,892
731,790 885,892

CURRENT ASSETS
Debtors 6 1,474,537 1,882,959
Cash at bank 895,913 2,239,410
2,370,450 4,122,369
CREDITORS
Amounts falling due within one year 7 1,105,469 2,246,198
NET CURRENT ASSETS 1,264,981 1,876,171
TOTAL ASSETS LESS CURRENT LIABILITIES 1,996,771 2,762,063

CREDITORS
Amounts falling due after more than one year 8 (25,754 ) (142,940 )

PROVISIONS FOR LIABILITIES (176,122 ) (210,433 )
NET ASSETS 1,794,895 2,408,690

CAPITAL AND RESERVES
Called up share capital 2 4
Capital redemption reserve 2 -
Retained earnings 1,794,891 2,408,686
SHAREHOLDERS' FUNDS 1,794,895 2,408,690

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

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

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 14 October 2024 and were signed by:





G J Williams - Director


Williams Construction (Stockport)
Limited (Registered number: 05113948)

Notes to the Financial Statements
for the Year Ended 31 August 2024

1. STATUTORY INFORMATION

Williams Construction (Stockport) 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.

Turnover
Turnover represents the invoice value of goods sold/services provided net of value added tax.

Goodwill
Goodwill, being the amount paid in connection with the acquisition of a business in 2005, is being amortised evenly over its estimated useful life of twenty years.

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 or, if held under a finance lease, over the lease term, whichever is the shorter.
Plant and machinery - 20% on reducing balance
Fixtures and fittings - 15% on reducing balance
Motor vehicles - 25% on reducing balance
Computer equipment - 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.

Hire purchase and leasing commitments
Assets obtained under hire purchase contracts or finance leases are capitalised in the balance sheet. Those held under hire purchase contracts are depreciated over their estimated useful lives. Those held under finance leases are depreciated over their estimated useful lives or the lease term, whichever is the shorter.

The interest element of these obligations is charged to profit or loss over the relevant period. The capital element of the future payments is treated as a liability.

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 13 (2023 - 12 ) .

Williams Construction (Stockport)
Limited (Registered number: 05113948)

Notes to the Financial Statements - continued
for the Year Ended 31 August 2024

4. INTANGIBLE FIXED ASSETS
Goodwill
£   
COST
At 1 September 2023
and 31 August 2024 700,000
AMORTISATION
At 1 September 2023 665,000
Charge for year 35,000
At 31 August 2024 700,000
NET BOOK VALUE
At 31 August 2024 -
At 31 August 2023 35,000

5. TANGIBLE FIXED ASSETS
Fixtures
Plant and and Motor Computer
machinery fittings vehicles equipment Totals
£    £    £    £    £   
COST
At 1 September 2023 1,077,485 2,165 364,107 7,292 1,451,049
Additions 73,075 - 52,398 3,154 128,627
Disposals - - (69,500 ) - (69,500 )
At 31 August 2024 1,150,560 2,165 347,005 10,446 1,510,176
DEPRECIATION
At 1 September 2023 466,225 1,726 129,356 2,850 600,157
Charge for year 136,867 66 59,290 1,519 197,742
Eliminated on disposal - - (19,513 ) - (19,513 )
At 31 August 2024 603,092 1,792 169,133 4,369 778,386
NET BOOK VALUE
At 31 August 2024 547,468 373 177,872 6,077 731,790
At 31 August 2023 611,260 439 234,751 4,442 850,892

Williams Construction (Stockport)
Limited (Registered number: 05113948)

Notes to the Financial Statements - continued
for the Year Ended 31 August 2024

5. TANGIBLE FIXED ASSETS - continued

Fixed assets, included in the above, which are held under hire purchase contracts are as follows:
Plant and Motor
machinery vehicles Totals
£    £    £   
COST
At 1 September 2023 453,720 117,150 570,870
Disposals - (58,100 ) (58,100 )
Transfer to ownership (178,270 ) - (178,270 )
At 31 August 2024 275,450 59,050 334,500
DEPRECIATION
At 1 September 2023 163,462 29,288 192,750
Charge for year 38,581 11,071 49,652
Eliminated on disposal - (14,525 ) (14,525 )
Transfer to ownership (80,916 ) - (80,916 )
At 31 August 2024 121,127 25,834 146,961
NET BOOK VALUE
At 31 August 2024 154,323 33,216 187,539
At 31 August 2023 290,258 87,862 378,120

6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.8.24 31.8.23
£    £   
Trade debtors 1,105,919 1,194,645
Other debtors 368,618 688,314
1,474,537 1,882,959

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.8.24 31.8.23
£    £   
Hire purchase contracts 89,868 117,320
Trade creditors 626,966 1,304,268
Taxation and social security 381,085 377,885
Other creditors 7,550 446,725
1,105,469 2,246,198

8. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR
31.8.24 31.8.23
£    £   
Hire purchase contracts 25,754 142,940

Williams Construction (Stockport)
Limited (Registered number: 05113948)

Notes to the Financial Statements - continued
for the Year Ended 31 August 2024

9. DIRECTORS' ADVANCES, CREDITS AND GUARANTEES

The following advances and credits to a director subsisted during the years ended 31 August 2024 and 31 August 2023:

31.8.24 31.8.23
£    £   
G J Williams
Balance outstanding at start of year 70,351 67,481
Amounts advanced 93,773 70,351
Amounts repaid (70,351 ) (67,481 )
Amounts written off - -
Amounts waived - -
Balance outstanding at end of year 93,773 70,351

10. ULTIMATE CONTROLLING PARTY

The ultimate controlling parties are Mr. G Williams and Mrs. L Williams whom hold the controlling shares of the company

11. COMPANY PURCHASE OF OWN SHARES

During the year ended 31 August 2024, Williams Construction (Stockport) Limited implemented a company purchase of own shares and acquired 2 £1 shares for £1,200,000.