IRIS Accounts Production v25.1.0.734 OC424878 designated member 1.6.23 31.3.24 31.3.24 0 0 false true false false false true false iso4217:GBPiso4217:USDiso4217:EURxbrli:sharesxbrli:pureutr:tonnesutr:kWhOC4248782023-05-31OC4248782024-03-31OC4248782023-06-012024-03-31OC4248782022-05-31OC4248782022-06-012023-05-31OC4248782023-05-31OC424878ns15:EnglandWales2023-06-012024-03-31OC424878ns14:PoundSterling2023-06-012024-03-31OC424878ns10:PartnerLLP12023-06-012024-03-31OC424878ns10:LimitedLiabilityPartnershipLLP2023-06-012024-03-31OC424878ns10:SmallEntities2023-06-012024-03-31OC424878ns10:AuditExempt-NoAccountantsReport2023-06-012024-03-31OC424878ns10:SmallCompaniesRegimeForAccounts2023-06-012024-03-31OC424878ns10:LimitedLiabilityPartnershipsSORP2023-06-012024-03-31OC424878ns10:AbridgedAccounts2023-06-012024-03-31OC42487812023-06-012024-03-31OC424878ns10:PartnerLLP22023-06-012024-03-31OC424878ns10:RegisteredOffice2023-06-012024-03-31OC424878ns5:CurrentFinancialInstruments2024-03-31OC424878ns5:CurrentFinancialInstruments2023-05-31OC424878ns5:Non-currentFinancialInstruments2024-03-31OC424878ns5:Non-currentFinancialInstruments2023-05-31OC424878ns5:FurtherSpecificReserve3ComponentTotalEquity2024-03-31OC424878ns5:FurtherSpecificReserve3ComponentTotalEquity2023-05-31OC424878ns5:IntangibleAssetsOtherThanGoodwill2023-06-012024-03-31OC424878ns5:PatentsTrademarksLicencesConcessionsSimilar2023-06-012024-03-31
REGISTERED NUMBER: OC424878 (England and Wales)












UNAUDITED FINANCIAL STATEMENTS

FOR THE PERIOD 1 JUNE 2023 TO 31 MARCH 2024

FOR

A WILLIAMS TRADING LLP

A WILLIAMS TRADING LLP (REGISTERED NUMBER: OC424878)






CONTENTS OF THE FINANCIAL STATEMENTS
for the period 1 June 2023 to 31 March 2024




Page

General Information 1

Abridged Balance Sheet 2

Notes to the Financial Statements 4


A WILLIAMS TRADING LLP

GENERAL INFORMATION
for the period 1 June 2023 to 31 March 2024







DESIGNATED MEMBERS: Mr A P C Williams
Mrs J L Williams





REGISTERED OFFICE: Bramble Barn
Mill Lane
Weybread
Diss
Norfolk
IP21 5RS





REGISTERED NUMBER: OC424878 (England and Wales)





ACCOUNTANTS: Raffingers Holdings Limited
Chartered Accountants
19-20 Bourne Court
Southend Road
Woodford Green
Essex
IG8 8HD

A WILLIAMS TRADING LLP (REGISTERED NUMBER: OC424878)

ABRIDGED BALANCE SHEET
31 March 2024

2024 2023
Notes £    £    £   
FIXED ASSETS
Intangible assets 4 18,000 -
Tangible assets 5 1,575,524 1,547,497
1,593,524 1,547,497

CURRENT ASSETS
Debtors 454,985 145,505
Cash at bank 509 3,483
455,494 148,988
CREDITORS
Amounts falling due within one year 673,000 331,909
NET CURRENT LIABILITIES (217,506 ) (182,921 )
TOTAL ASSETS LESS CURRENT
LIABILITIES

1,376,018

1,364,576

CREDITORS
Amounts falling due after more than one
year

830,195

900,109
NET ASSETS ATTRIBUTABLE TO
MEMBERS

545,823

464,467

A WILLIAMS TRADING LLP (REGISTERED NUMBER: OC424878)

ABRIDGED BALANCE SHEET - continued
31 March 2024

2024 2023
Notes £    £    £   
LOANS AND OTHER DEBTS DUE TO
MEMBERS

7

523,070

441,714

MEMBERS' OTHER INTERESTS
Fair value reserve 22,753 22,753
545,823 464,467

TOTAL MEMBERS' INTERESTS
Loans and other debts due to members 7 523,070 441,714
Members' other interests 22,753 22,753
545,823 464,467

The LLP is entitled to exemption from audit under Section 477 of the Companies Act 2006 as applied to LLPs by the Limited Liability Partnerships (Accounts and Audit) (Application of Companies Act 2006) Regulations 2008 for the period ended 31 March 2024.

The members acknowledge their responsibilities for:
(a)ensuring that the LLP keeps accounting records which comply with Sections 386 and 387 of the Companies Act 2006 as applied to LLPs by the Limited Liability Partnerships (Accounts and Audit) (Application of Companies Act 2006) Regulations 2008 and
(b)preparing financial statements which give a true and fair view of the state of affairs of the LLP 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 as applied to LLPs by the Limited Liability Partnerships (Accounts and Audit) (Application of Companies Act 2006) Regulations 2008 relating to financial statements, so far as applicable to the LLP.

The financial statements have been prepared and delivered in accordance with the provisions applicable to LLPs subject to the small LLPs regime.

All the members have consented to the preparation of an abridged Income Statement and an abridged Balance Sheet for the period ended 31 March 2024 in accordance with Section 444(2A) of the Companies Act 2006 as applied to LLPs by the Limited Liability Partnerships (Accounts and Audit) (Application of Companies Act 2006) Regulations 2008.

In accordance with Section 444 of the Companies Act 2006 as applied to LLPs by the Limited Liability Partnerships (Accounts and Audit) (Application of Companies Act 2006) Regulations 2008, the Income Statement has not been delivered.

The financial statements were approved by the members of the LLP and authorised for issue on 29 April 2025 and were signed by:





Mr A P C Williams - Designated member

A WILLIAMS TRADING LLP (REGISTERED NUMBER: OC424878)

NOTES TO THE FINANCIAL STATEMENTS
for the period 1 June 2023 to 31 March 2024

1. STATUTORY INFORMATION

A Williams Trading LLP is registered in England and Wales. The LLP's registered number and registered office address can be found on the General Information page.

The presentation currency of the financial statements is the Pound Sterling (£).


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 requirements of the Statement of Recommended Practice, Accounting by Limited Liability Partnerships. 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.

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.

Trademarks are being amortised evenly over their estimated useful life of ten years.

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 - 20%, 10% and 5% on reducing balance
Motor vehicles - 20% on reducing balance

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.

Short term debtors and creditors
Short term debtors and creditors with no stated interest rate are recorded at transaction price. Any losses arising from impairment are recognised in the profit and loss account.

Loans and borrowings
Loans and borrowings are initially recognised at the transaction price including transactions costs. Subsequently, they are measured at amortised cost using the effective interest rate method, less impairment.

3. EMPLOYEE INFORMATION

The average number of employees during the period was NIL (2023 - NIL).

A WILLIAMS TRADING LLP (REGISTERED NUMBER: OC424878)

NOTES TO THE FINANCIAL STATEMENTS - continued
for the period 1 June 2023 to 31 March 2024

4. INTANGIBLE FIXED ASSETS
Totals
£   
COST
Additions 20,000
At 31 March 2024 20,000
AMORTISATION
Amortisation for period 2,000
At 31 March 2024 2,000
NET BOOK VALUE

At 31 March 2024 18,000

5. TANGIBLE FIXED ASSETS
Totals
£   
COST
At 1 June 2023 1,964,712
Additions 235,449
At 31 March 2024 2,200,161
DEPRECIATION
At 1 June 2023 417,215
Charge for period 207,422
At 31 March 2024 624,637
NET BOOK VALUE
At 31 March 2024 1,575,524
At 31 May 2023 1,547,497

A WILLIAMS TRADING LLP (REGISTERED NUMBER: OC424878)

NOTES TO THE FINANCIAL STATEMENTS - continued
for the period 1 June 2023 to 31 March 2024

5. TANGIBLE FIXED ASSETS - continued

Fixed assets, included in the above, which are held under hire purchase contracts are as follows:

Totals
£   
COST
At 1 June 2023 107,378
Additions 75,337
At 31 March 2024 182,715
DEPRECIATION
At 1 June 2023 21,476
Charge for period 32,248
At 31 March 2024 53,724
NET BOOK VALUE
At 31 March 2024 128,991
At 31 May 2023 85,902

6. SECURED DEBTS

The following secured debts are included within creditors:

2024 2023
£    £   
Hire purchase contracts 1,016,411 1,058,446

Hire purchase contracts are secured over the assets to which they relate.

7. LOANS AND OTHER DEBTS DUE TO MEMBERS

Other creditors take priority over loans and other debts due to members.

8. RELATED PARTY DISCLOSURES

At the balance sheet date, the company owed £80,037 (2023: £63,967) to X8M LLP, owed £16,230 (2023: Nil) to Total Track Ltd and was owed £68,053 (2023: £67,264) by Excelr8 Motorsport Engineering Ltd, all companies are connected by virtue of common control.

During the year company made sales of £280 (2023: £5,667) to Excelr8 Motorsport LLP, £34,072 (2023: £3,868) to Total Track Ltd and £258,892 (2023: £219,900) to Excelr8 Motorsport Engineering Ltd.