Acorah Software Products - Accounts Production 16.2.850 false true 30 November 2023 1 December 2022 false 1 December 2023 30 November 2024 30 November 2024 11060410 Paul Williams Helen Williams iso4217:GBP iso4217:EUR iso4217:USD xbrli:shares xbrli:pure xbrli:pure 11060410 2023-11-30 11060410 2024-11-30 11060410 2023-12-01 2024-11-30 11060410 frs-core:CurrentFinancialInstruments 2024-11-30 11060410 frs-core:Non-currentFinancialInstruments 2024-11-30 11060410 frs-core:BetweenOneFiveYears 2024-11-30 11060410 frs-core:MotorVehicles 2024-11-30 11060410 frs-core:MotorVehicles 2023-12-01 2024-11-30 11060410 frs-core:MotorVehicles 2023-11-30 11060410 frs-core:WithinOneYear 2024-11-30 11060410 frs-core:ShareCapital 2024-11-30 11060410 frs-core:RetainedEarningsAccumulatedLosses 2024-11-30 11060410 frs-bus:PrivateLimitedCompanyLtd 2023-12-01 2024-11-30 11060410 frs-bus:FilletedAccounts 2023-12-01 2024-11-30 11060410 frs-bus:SmallEntities 2023-12-01 2024-11-30 11060410 frs-bus:AuditExempt-NoAccountantsReport 2023-12-01 2024-11-30 11060410 frs-bus:SmallCompaniesRegimeForAccounts 2023-12-01 2024-11-30 11060410 frs-bus:Director1 2023-12-01 2024-11-30 11060410 frs-bus:Director2 2023-12-01 2024-11-30 11060410 frs-countries:EnglandWales 2023-12-01 2024-11-30 11060410 2022-11-30 11060410 2023-11-30 11060410 2022-12-01 2023-11-30 11060410 frs-core:CurrentFinancialInstruments 2023-11-30 11060410 frs-core:Non-currentFinancialInstruments 2023-11-30 11060410 frs-core:BetweenOneFiveYears 2023-11-30 11060410 frs-core:MotorVehicles 2022-12-01 2023-11-30 11060410 frs-core:WithinOneYear 2023-11-30 11060410 frs-core:ShareCapital 2023-11-30 11060410 frs-core:RetainedEarningsAccumulatedLosses 2023-11-30
Registered number: 11060410
P.D. Williams Construction Ltd
Unaudited Financial Statements
For The Year Ended 30 November 2024
Contents
Page
Balance Sheet 1—2
Notes to the Financial Statements 3—6
Page 1
Balance Sheet
Registered number: 11060410
2024 2023
Notes £ £ £ £
FIXED ASSETS
Tangible Assets 4 8,845 11,056
8,845 11,056
CURRENT ASSETS
Debtors 5 10,427 11,633
Cash at bank and in hand 3,569 4
13,996 11,637
Creditors: Amounts Falling Due Within One Year 6 (14,706 ) (5,655 )
NET CURRENT ASSETS (LIABILITIES) (710 ) 5,982
TOTAL ASSETS LESS CURRENT LIABILITIES 8,135 17,038
Creditors: Amounts Falling Due After More Than One Year 7 (16,919 ) (21,447 )
NET LIABILITIES (8,784 ) (4,409 )
CAPITAL AND RESERVES
Called up share capital 9 100 100
Profit and Loss Account (8,884 ) (4,509 )
SHAREHOLDERS' FUNDS (8,784) (4,409)
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For the year ending 30 November 2024 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.
The members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.
The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.
These accounts have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime.
The company has taken advantage of section 444(1) of the Companies Act 2006 and opted not to deliver to the registrar a copy of the company's Profit and Loss Account.
On behalf of the board
Paul Williams
Director
31 March 2025
The notes on pages 3 to 6 form part of these financial statements.
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Notes to the Financial Statements
1. General Information
P.D. Williams Construction Ltd is a private company, limited by shares, incorporated in England & Wales, registered number 11060410 . The registered office is 13 Hyde Road, Paignton, Devon, TQ4 5BW.
2. Accounting Policies
2.1. Basis of Preparation of Financial Statements
The financial statements have been prepared under the historical cost convention and in accordance with Financial Reporting Standard 102 section 1A Small Entities "The Financial Reporting Standard applicable in the UK and Republic of Ireland" and the Companies Act 2006.
2.2. Turnover
Turnover is measured at the fair value of the consideration received or receivable, net of discounts and value added taxes. Turnover includes revenue earned from the sale of goods and from the rendering of services. Turnover is reduced for estimated customer returns, rebates and other similar allowances.
Sale of goods
Turnover from the sale of goods is recognised when the significant risks and rewards of ownership of the goods has transferred to the buyer. This is usually at the point that the customer has signed for the delivery of the goods.
Rendering of services
Turnover from the rendering of services is recognised by reference to the stage of completion of the contract. The stage of completion of a contract is measured by comparing the costs incurred for work performed to date to the total estimated contract costs. Turnover is only recognised to the extent of recoverable expenses when the outcome of a contract cannot be estimated reliably.
2.3. Tangible Fixed Assets and Depreciation
Tangible fixed assets are measured at cost less accumulated depreciation and any accumulated impairment losses. Depreciation is provided at rates calculated to write off the cost of the fixed assets, less their estimated residual value, over their expected useful lives on the following bases:
Motor Vehicles 20% reducing balance
2.4. Leasing and Hire Purchase Contracts
Assets obtained under finance leases are capitalised as tangible fixed assets. Assets acquired under finance leases are depreciated over the shorter of the lease term and their useful lives. Assets acquired under hire purchase contracts are depreciated over their useful lives. Finance leases are those where substantially all of the benefits and risks of ownership are assumed by the company. Obligations under such agreements are included in the creditors net of the finance charge allocated to future periods. The finance element of the rental payment is charged to the profit and loss account so as to produce a constant periodic rate of charge on the net obligation outstanding in each period.

Rentals applicable to operating leases where substantially all of the benefits and risks of ownership remain with the lessor are charged to profit and loss account as incurred.
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2.5. Taxation
Income tax expense represents the sum of the tax currently payable and deferred tax.
The tax currently payable is based on taxable profit for the year. Taxable profit differs from profit as reported in the statement of comprehensive income because of items of income or expense that are taxable or deductible in other year and items that are never taxable or deductible. The company's liability for current tax is calculated using tax rates that have been enacted or substantively enacted by the end of the reporting period.
Deferred tax is recognised on timing differences between the carrying amounts of assets and liabilities in the financial statements and the corresponding tax bases used in the computation of taxable profit. Deferred tax liabilities are generally recognised for all taxable timing differences. Deferred tax assets are generally recognised for all deductible temporary differences to the extent that it is probable that taxable profits will be available against which those deductible timing differences can be utilised. The carrying amount of deferred tax assets is reviewed at the end of each reporting period and reduced to the extent that it is no longer probable that sufficient taxable profits will be available to allow all or part of the asset to be recovered.
Deferred tax assets and liabilities are measured at the tax rates that are expected to apply in the period in which the liability is settled or the asset realised, based on tax rates (and tax laws) that have been enacted or substantively enacted by the end of the reporting period. Deferred tax liabilities are presented within provisions for liabilities and deferred tax assets within debtors. The measurement of deferred tax liabilities and asset reflects the tax consequences that would follow from the manner in which the Company expects, at the end of the reporting period, to recover or settle the carrying amount of its assets and liabilities.
Current or deferred tax for the year is recognised in profit or loss, except when they related to items that are recognised in other comprehensive income or directly in equity, in which case, the current and deferred tax is also recognised in other comprehensive income or directly in equity respectively.
3. Average Number of Employees
Average number of employees, including directors, during the year was 4 (2023: 3)
4 3
4. Tangible Assets
Motor Vehicles
£
Cost
As at 1 December 2023 13,820
As at 30 November 2024 13,820
Depreciation
As at 1 December 2023 2,764
Provided during the period 2,211
As at 30 November 2024 4,975
Net Book Value
As at 30 November 2024 8,845
As at 1 December 2023 11,056
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Included above are assets held under finance leases or hire purchase contracts with a net book value as follows:
2024 2023
£ £
Motor Vehicles 8,845 11,056
5. Debtors
2024 2023
£ £
Due within one year
Trade debtors 6,021 6,000
Prepayments and accrued income 4,406 5,508
Other taxes and social security - 125
10,427 11,633
6. Creditors: Amounts Falling Due Within One Year
2024 2023
£ £
Net obligations under finance lease and hire purchase contracts 2,447 2,447
Bank loans and overdrafts 1,570 1,967
Corporation tax 5,482 -
Other taxes and social security 373 -
VAT 1,925 599
Net wages 1,167 -
Accruals and deferred income 137 -
Directors' loan accounts 1,605 642
14,706 5,655
7. Creditors: Amounts Falling Due After More Than One Year
2024 2023
£ £
Net obligations under finance lease and hire purchase contracts 12,340 15,298
Bank loans 4,579 6,149
16,919 21,447
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8. Obligations Under Finance Leases and Hire Purchase
2024 2023
£ £
The future minimum finance lease payments are as follows:
Not later than one year 2,447 2,447
Later than one year and not later than five years 12,340 15,298
14,787 17,745
14,787 17,745
9. Share Capital
2024 2023
£ £
Allotted, Called up and fully paid 100 100
10. Directors Advances, Credits and Guarantees
Dividends paid to directors
2024 2023
£ £
Helen Williams 10,720 3,252
Paul Williams 16,080 4,878
11. Dividends
2024 2023
£ £
On equity shares:
Interim dividend paid 26,800 8,130
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