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REGISTERED NUMBER: 07836532 (England and Wales)









UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 DECEMBER 2024

FOR

WILLIAMS HAND BAKED LTD

WILLIAMS HAND BAKED LTD (REGISTERED NUMBER: 07836532)






CONTENTS OF THE FINANCIAL STATEMENTS
for the Year Ended 31 DECEMBER 2024




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


WILLIAMS HAND BAKED LTD

COMPANY INFORMATION
for the Year Ended 31 DECEMBER 2024







DIRECTORS: Mrs V O'Malley
Mr T O'Malley
Mrs K L A O'Malley





REGISTERED OFFICE: Unit B5 Anchorage Business Park
Chain Caul Way
Riversway
Preston
Lancashire
PR2 2YL





REGISTERED NUMBER: 07836532 (England and Wales)





ACCOUNTANTS: Whitehead & Howarth
327 Clifton Drive South
Lytham St Annes
Lancashire
FY8 1HN

WILLIAMS HAND BAKED LTD (REGISTERED NUMBER: 07836532)

BALANCE SHEET
31 DECEMBER 2024

31.12.24 31.12.23
Notes £    £    £    £   
FIXED ASSETS
Intangible assets 4 1 1,150
Tangible assets 5 287,110 155,087
287,111 156,237

CURRENT ASSETS
Stocks 55,800 46,500
Debtors 6 191,069 184,818
Cash at bank and in hand 167,761 109,482
414,630 340,800
CREDITORS
Amounts falling due within one year 7 281,951 235,637
NET CURRENT ASSETS 132,679 105,163
TOTAL ASSETS LESS CURRENT
LIABILITIES

419,790

261,400

CREDITORS
Amounts falling due after more than one
year

8

(96,258

)

(60,276

)

PROVISIONS FOR LIABILITIES 9 (64,829 ) (35,670 )
NET ASSETS 258,703 165,454

CAPITAL AND RESERVES
Called up share capital 2 2
Retained earnings 258,701 165,452
258,703 165,454

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

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

WILLIAMS HAND BAKED LTD (REGISTERED NUMBER: 07836532)

BALANCE SHEET - continued
31 DECEMBER 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 Board of Directors and authorised for issue on 26 March 2025 and were signed on its behalf by:





Mr T O'Malley - Director


WILLIAMS HAND BAKED LTD (REGISTERED NUMBER: 07836532)

NOTES TO THE FINANCIAL STATEMENTS
for the Year Ended 31 DECEMBER 2024

1. STATUTORY INFORMATION

Williams Hand Baked 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.
Fixtures and fittings - 33% on cost and 10% on reducing balance
Motor vehicles - 20% on reducing balance

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.

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.

Goodwill
Goodwill acquired between 2017 and 2019, is being amortised evenly over its estimated useful life of 5 years.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 23 (2023 - 20 ) .

WILLIAMS HAND BAKED LTD (REGISTERED NUMBER: 07836532)

NOTES TO THE FINANCIAL STATEMENTS - continued
for the Year Ended 31 DECEMBER 2024

4. INTANGIBLE FIXED ASSETS
Goodwill
£   
COST
At 1 January 2024
and 31 December 2024 5,742
AMORTISATION
At 1 January 2024 4,592
Charge for year 1,149
At 31 December 2024 5,741
NET BOOK VALUE
At 31 December 2024 1
At 31 December 2023 1,150

5. TANGIBLE FIXED ASSETS
Fixtures
and Motor
fittings vehicles Totals
£    £    £   
COST
At 1 January 2024 226,655 15,680 242,335
Additions 142,428 24,995 167,423
At 31 December 2024 369,083 40,675 409,758
DEPRECIATION
At 1 January 2024 76,309 10,939 87,248
Charge for year 29,453 5,947 35,400
At 31 December 2024 105,762 16,886 122,648
NET BOOK VALUE
At 31 December 2024 263,321 23,789 287,110
At 31 December 2023 150,346 4,741 155,087

6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.12.24 31.12.23
£    £   
Trade debtors 181,007 166,862
VAT 2,268 2,239
Prepayments and accrued income 7,794 15,717
191,069 184,818

WILLIAMS HAND BAKED LTD (REGISTERED NUMBER: 07836532)

NOTES TO THE FINANCIAL STATEMENTS - continued
for the Year Ended 31 DECEMBER 2024

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.12.24 31.12.23
£    £   
Bank loans and overdrafts 21,979 15,989
Hire purchase contracts 39,653 12,789
Trade creditors 141,432 105,138
Tax 21,509 41,830
Social security and other taxes 17,034 15,237
Pension creditor 2,079 1,803
Other loans 26,648 33,456
Directors' current accounts 594 831
Accruals and deferred income 11,023 8,564
281,951 235,637

8. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
31.12.24 31.12.23
£    £   
Bank loans - 1-2 years 4,167 10,000
Bank loans - 2-5 years - 4,167
Hire purchase contracts 85,169 12,540
Other loans 6,922 33,569
96,258 60,276

9. PROVISIONS FOR LIABILITIES
31.12.24 31.12.23
£    £   
Deferred tax 64,829 35,670

Deferred
tax
£   
Balance at 1 January 2024 35,670
Accelerated capital allowances 29,159
Balance at 31 December 2024 64,829

10. DIRECTORS' ADVANCES, CREDITS AND GUARANTEES

The following advances and credits to directors subsisted during the year ended 31 December 2024 and the period ended 31 December 2023:

31.12.24 31.12.23
£    £   
Mr T O'Malley
Balance outstanding at start of year (237 ) (316 )
Amounts advanced 594 79
Amounts repaid (357 ) -
Amounts written off - -
Amounts waived - -
Balance outstanding at end of year - (237 )

WILLIAMS HAND BAKED LTD (REGISTERED NUMBER: 07836532)

NOTES TO THE FINANCIAL STATEMENTS - continued
for the Year Ended 31 DECEMBER 2024

10. DIRECTORS' ADVANCES, CREDITS AND GUARANTEES - continued

Mrs V O'Malley
Balance outstanding at start of year (594 ) (99 )
Amounts advanced 20,000 -
Amounts repaid (20,000 ) (495 )
Amounts written off - -
Amounts waived - -
Balance outstanding at end of year (594 ) (594 )

Mrs K L A O'Malley
Balance outstanding at start of year - -
Amounts advanced - 149
Amounts repaid - (149 )
Amounts written off - -
Amounts waived - -
Balance outstanding at end of year - -

11. ULTIMATE CONTROLLING PARTY

The controlling party is Mr T O'Malley.