IRIS Accounts Production v24.3.2.46 04377824 Board of Directors 1.4.23 30.3.24 30.3.24 false true false false true false Ordinary 1.00000 iso4217:GBPiso4217:USDiso4217:EURxbrli:sharesxbrli:pureutr:tonnesutr:kWh043778242023-03-31043778242024-03-30043778242023-04-012024-03-30043778242022-03-31043778242022-04-012023-03-31043778242023-03-3104377824ns15:EnglandWales2023-04-012024-03-3004377824ns14:PoundSterling2023-04-012024-03-3004377824ns10:Director12023-04-012024-03-3004377824ns10:PrivateLimitedCompanyLtd2023-04-012024-03-3004377824ns10:SmallEntities2023-04-012024-03-3004377824ns10:AuditExempt-NoAccountantsReport2023-04-012024-03-3004377824ns10:SmallCompaniesRegimeForDirectorsReport2023-04-012024-03-3004377824ns10:SmallCompaniesRegimeForAccounts2023-04-012024-03-3004377824ns10:FullAccounts2023-04-012024-03-3004377824ns10:OrdinaryShareClass12023-04-012024-03-3004377824ns10:Director22023-04-012024-03-3004377824ns10:Director32023-04-012024-03-3004377824ns10:CompanySecretary12023-04-012024-03-3004377824ns10:RegisteredOffice2023-04-012024-03-3004377824ns5:CurrentFinancialInstruments2024-03-3004377824ns5:CurrentFinancialInstruments2023-03-3104377824ns5:Non-currentFinancialInstruments2024-03-3004377824ns5:Non-currentFinancialInstruments2023-03-3104377824ns5:ShareCapital2024-03-3004377824ns5:ShareCapital2023-03-3104377824ns5:RetainedEarningsAccumulatedLosses2024-03-3004377824ns5:RetainedEarningsAccumulatedLosses2023-03-3104377824ns5:PlantMachinery2023-04-012024-03-3004377824ns5:FurnitureFittings2023-04-012024-03-3004377824ns5:MotorVehicles2023-04-012024-03-3004377824ns5:ComputerEquipment2023-04-012024-03-3004377824ns5:PlantMachinery2023-03-3104377824ns5:FurnitureFittings2023-03-3104377824ns5:MotorVehicles2023-03-3104377824ns5:ComputerEquipment2023-03-3104377824ns5:PlantMachinery2024-03-3004377824ns5:FurnitureFittings2024-03-3004377824ns5:MotorVehicles2024-03-3004377824ns5:ComputerEquipment2024-03-3004377824ns5:PlantMachinery2023-03-3104377824ns5:FurnitureFittings2023-03-3104377824ns5:MotorVehicles2023-03-3104377824ns5:ComputerEquipment2023-03-3104377824ns5:WithinOneYearns5:CurrentFinancialInstruments2024-03-3004377824ns5:WithinOneYearns5:CurrentFinancialInstruments2023-03-3104377824ns5:BetweenOneTwoYearsns5:Non-currentFinancialInstruments2024-03-3004377824ns5:BetweenOneTwoYearsns5:Non-currentFinancialInstruments2023-03-3104377824ns5:Non-currentFinancialInstrumentsns5:BetweenTwoFiveYears2024-03-3004377824ns5:Non-currentFinancialInstrumentsns5:BetweenTwoFiveYears2023-03-3104377824ns5:Secured2024-03-3004377824ns5:Secured2023-03-3104377824ns10:OrdinaryShareClass12024-03-30043778243ns10:Director32023-03-31043778243ns10:Director32022-03-31043778243ns10:Director32023-04-012024-03-30043778243ns10:Director32022-04-012023-03-31043778243ns10:Director32024-03-30043778243ns10:Director32023-03-31
REGISTERED NUMBER: 04377824 (England and Wales)

















Unaudited Financial Statements

for the Period 1 April 2023 to 30 March 2024

for

P S Williams Builders Limited

P S Williams Builders Limited (Registered number: 04377824)






Contents of the Financial Statements
for the Period 1 April 2023 to 30 March 2024




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


P S Williams Builders Limited

Company Information
for the Period 1 April 2023 to 30 March 2024







DIRECTORS: P S Williams
Mrs S Morris
J Morris





SECRETARY: Mrs S Morris





REGISTERED OFFICE: International House
6 Market Street
Oakengates
Telford
Shropshire
TF2 6EF





REGISTERED NUMBER: 04377824 (England and Wales)





ACCOUNTANTS: Tranter Lowe (Oakengates) Limited
Chartered Accountants
International House
6 Market Street
Oakengates
Telford
Shropshire
TF2 6EF

P S Williams Builders Limited (Registered number: 04377824)

Balance Sheet
30 March 2024

30.3.24 31.3.23
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 25,381 33,132

CURRENT ASSETS
Stocks 25,552 101,541
Debtors 5 42,254 66,014
Cash at bank and in hand 52,220 81,857
120,026 249,412
CREDITORS
Amounts falling due within one year 6 338,601 393,646
NET CURRENT LIABILITIES (218,575 ) (144,234 )
TOTAL ASSETS LESS CURRENT
LIABILITIES

(193,194

)

(111,102

)

CREDITORS
Amounts falling due after more than one
year

7

15,000

27,000
NET LIABILITIES (208,194 ) (138,102 )

CAPITAL AND RESERVES
Called up share capital 9 100 100
Retained earnings (208,294 ) (138,202 )
SHAREHOLDERS' FUNDS (208,194 ) (138,102 )

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

The members have not required the company to obtain an audit of its financial statements for the period ended 30 March 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.

P S Williams Builders Limited (Registered number: 04377824)

Balance Sheet - continued
30 March 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 Statement of Income and Retained Earnings has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 12 March 2025 and were signed on its behalf by:





P S Williams - Director


P S Williams Builders Limited (Registered number: 04377824)

Notes to the Financial Statements
for the Period 1 April 2023 to 30 March 2024

1. STATUTORY INFORMATION

P S Williams Builders 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.

At 30th March 2024 the Company's liabilities exceed its assets by £208,194 (2023 £138,102). The directors confirm that they will continue to support the operations of the Company for the forseeable future.

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 and machinery - 15% on cost
Fixtures and fittings - 10% on cost
Motor vehicles - 25% on reducing balance
Computer equipment - 50% on reducing balance

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.

Taxation
Taxation for the period comprises current and deferred tax. Tax is recognised in the Statement of Income and Retained Earnings, 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 period 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.

P S Williams Builders Limited (Registered number: 04377824)

Notes to the Financial Statements - continued
for the Period 1 April 2023 to 30 March 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 period was 8 (2023 - 7 ) .

4. TANGIBLE FIXED ASSETS
Fixtures
Plant and and Motor Computer
machinery fittings vehicles equipment Totals
£    £    £    £    £   
COST
At 1 April 2023
and 30 March 2024 4,069 13,382 59,893 15,936 93,280
DEPRECIATION
At 1 April 2023 4,069 10,434 30,029 15,616 60,148
Charge for period - 125 7,466 160 7,751
At 30 March 2024 4,069 10,559 37,495 15,776 67,899
NET BOOK VALUE
At 30 March 2024 - 2,823 22,398 160 25,381
At 31 March 2023 - 2,948 29,864 320 33,132

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
30.3.24 31.3.23
£    £   
Trade debtors 9,411 33,250
Other debtors 4,884 4,884
Directors' current accounts 18,888 18,888
Prepayments 9,071 8,992
42,254 66,014

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
30.3.24 31.3.23
£    £   
Bank loans and overdrafts 12,000 12,000
Trade creditors 58,544 138,113
Social security and other taxes 8,663 10,172
VAT 33,263 17,754
Other creditors 9,311 12,277
Directors' current accounts 213,021 199,662
Accrued expenses 3,799 3,668
338,601 393,646

P S Williams Builders Limited (Registered number: 04377824)

Notes to the Financial Statements - continued
for the Period 1 April 2023 to 30 March 2024

7. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
30.3.24 31.3.23
£    £   
Bank loans - 1-2 years 12,000 12,000
Bank loans - 2-5 years 3,000 15,000
15,000 27,000

8. SECURED DEBTS

The following secured debts are included within creditors:

30.3.24 31.3.23
£    £   
Bank loans 27,000 39,000

9. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 30.3.24 31.3.23
value: £    £   
100 Ordinary £1 100 100

10. DIRECTORS' ADVANCES, CREDITS AND GUARANTEES

The following advances and credits to a director subsisted during the period ended 30 March 2024 and the year ended 31 March 2023:

30.3.24 31.3.23
£    £   
J Morris
Balance outstanding at start of period (18,888 ) (18,888 )
Amounts repaid - -
Amounts written off - -
Amounts waived - -
Balance outstanding at end of period (18,888 ) (18,888 )