REGISTERED NUMBER: 06355153 (England and Wales)

Unaudited Financial Statements for the Year Ended 30 November 2024

for

Mark K. Williams Limited

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

4

DIRECTOR:

Mr M Williams

SECRETARY:

Mrs F Williams

REGISTERED OFFICE:

18 St Christopher's Way

Pride Park

Derby

Derbyshire

DE24 8JY

REGISTERED NUMBER:

06355153 (England and Wales)

ACCOUNTANTS:

Franklins

18 St Christopher's Way

Pride Park

Derby

Derbyshire

DE24 8JY

FIXED ASSETS

Intangible assets

4

28,333

38,333

Investments

5

35,845

31,098

64,178

69,431

CURRENT ASSETS

Debtors

6

99,524

272,185

Cash at bank

108,854

61,174

208,378

333,359

CREDITORS

Amounts falling due within one year

7

6,603

31,692

NET CURRENT ASSETS

201,775

301,667

TOTAL ASSETS LESS CURRENT LIABILITIES

265,953

371,098

CAPITAL AND RESERVES

Called up share capital

8

100

100

Fair value reserve

9

11,802

6,947

Retained earnings

254,051

364,051

SHAREHOLDERS' FUNDS

265,953

371,098

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

The members have not required the company to obtain an audit of its financial statements for the year ended 30 November 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 Statement of Comprehensive Income has not been delivered.

The financial statements were approved by the director and authorised for issue on 2 April 2025 and were signed by:

Mr M Williams - Director

1.	STATUTORY INFORMATION

Mark K. Williams 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 as modified by the revaluation of certain assets.

Turnover

Turnover represents the company's share of the profits of the partnership.

Goodwill

Purchased goodwill is amortised at rates calculated to write off the assets on a straight line basis over their estimated useful economic lives as follows:

Goodwill - 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.

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.

Investments

Investments are included at fair value. Changes in fair value are recognised in the Fair value reserve account.

3.	EMPLOYEES AND DIRECTORS

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

4.	INTANGIBLE FIXED ASSETS

Goodwill

£

COST

At 1 December 2023

and 30 November 2024

200,000

AMORTISATION

At 1 December 2023

161,667

Amortisation for year

10,000

At 30 November 2024

171,667

NET BOOK VALUE

At 30 November 2024

28,333

At 30 November 2023

38,333

Goodwill arose on the purchase of the company's share in a solicitors partnership

5.	FIXED ASSET INVESTMENTS

Other

investments

£

COST OR VALUATION

At 1 December 2023

31,098

Disposals

(108

)

Impairments

4,855

At 30 November 2024

35,845

NET BOOK VALUE

At 30 November 2024

35,845

At 30 November 2023

31,098

Cost or valuation at 30 November 2024 is represented by:

Other

investments

£

Valuation in 2017

185

Valuation in 2018

1,526

Valuation in 2019

2,269

Valuation in 2020

356

Valuation in 2021

3,589

Valuation in 2022

(3,341

)

Valuation in 2023

2,363

Valuation in 2024

4,855

Cost

24,043

35,845

6.

DEBTORS

2024

2023

£

£

Amounts falling due within one year:

Due from partnership

7,164

141,836

Directors' current accounts

79,839

120,286

Tax

2,458

-

89,461

262,122

Amounts falling due after more than one year:

Other debtors

10,063

10,063

Aggregate amounts

99,524

272,185

Other than as stated under directors loan account above, none of the above amounts related to amounts due from the director or shareholder of the company either directly or indirectly.

7.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2024

2023

£

£

Tax

-

25,389

Other creditors

5,403

5,403

Accruals and deferred income

1,200

900

6,603

31,692

8.	CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:

Number:

Class:

Nominal Value:

2024 £

2023 £

100

Ordinary

£1

-

100

87

Ordinary A

£1

87

-

13

Ordinary B

£1

13

-

100

100

The 100 Ordinary shares of £1.00 each were re-designated as 87 Ordinary A shares and 13 Ordinary B shares of £1.00 each on 18th June 2024.

9.

RESERVES

Fair

value

reserve

£

At 1 December 2023

6,947

Unrealised surplus on revaluation of Fixed asset investments

4,855

At 30 November 2024

11,802

10.	DIRECTOR'S ADVANCES, CREDITS AND GUARANTEES

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

2024

2023

£

£

Mr M Williams

Balance outstanding at start of year

120,286

135,351

Amounts advanced

50,334

129,499

Amounts repaid

(90,781

)

(144,564

)

Amounts written off

-

-

Amounts waived

-

-

Balance outstanding at end of year

79,839

120,286

The director's loan account was repaid within nine months of the year end. Interest was charged on the overdrawn director's loan account at HM Revenue & Customs official rate of interest of 2.25% per annum.