Williamson Cooling Ltd 06720434 false 2024-01-01 2024-12-31 2024-12-31 The principal activity of the company is plumbing, heat and air conditioning installation Digita Accounts Production Advanced 6.30.9574.0 true true 06720434 2024-01-01 2024-12-31 06720434 2024-12-31 06720434 core:CurrentFinancialInstruments 2024-12-31 06720434 core:CurrentFinancialInstruments core:WithinOneYear 2024-12-31 06720434 core:FurnitureFittings 2024-12-31 06720434 core:MotorVehicles 2024-12-31 06720434 core:PlantMachinery 2024-12-31 06720434 bus:SmallEntities 2024-01-01 2024-12-31 06720434 bus:AuditExemptWithAccountantsReport 2024-01-01 2024-12-31 06720434 bus:FullAccounts 2024-01-01 2024-12-31 06720434 bus:SmallCompaniesRegimeForAccounts 2024-01-01 2024-12-31 06720434 bus:RegisteredOffice 2024-01-01 2024-12-31 06720434 bus:Director1 2024-01-01 2024-12-31 06720434 bus:Director2 2024-01-01 2024-12-31 06720434 bus:PrivateLimitedCompanyLtd 2024-01-01 2024-12-31 06720434 core:FurnitureFittings 2024-01-01 2024-12-31 06720434 core:MotorVehicles 2024-01-01 2024-12-31 06720434 core:PlantMachinery 2024-01-01 2024-12-31 06720434 countries:England 2024-01-01 2024-12-31 06720434 2023-12-31 06720434 core:FurnitureFittings 2023-12-31 06720434 core:MotorVehicles 2023-12-31 06720434 core:PlantMachinery 2023-12-31 06720434 2023-01-01 2023-12-31 06720434 2023-12-31 06720434 core:CurrentFinancialInstruments 2023-12-31 06720434 core:CurrentFinancialInstruments core:WithinOneYear 2023-12-31 06720434 core:FurnitureFittings 2023-12-31 06720434 core:MotorVehicles 2023-12-31 06720434 core:PlantMachinery 2023-12-31 iso4217:GBP xbrli:pure

Registration number: 06720434

Williamson Cooling Ltd

Unaudited Filleted Financial Statements

for the Year Ended 31 December 2024

 

Williamson Cooling Ltd

Contents

Company Information

1

Balance Sheet

2 to 3

Notes to the Unaudited Financial Statements

4 to 9

 

Williamson Cooling Ltd

Company Information

Directors

Jackie Williamson

Andrew Ian Williamson

Registered office

Williamson Cooling Ltd
Mill House
Mill Road
Bletchley
Milton Keynes
MK2 2UZ

Accountants

Gregory William McGrath
8 Chalmers Avenue,
Haversham
Milton Keynes
MK19 7AG

 

Williamson Cooling Ltd

(Registration number: 06720434)
Balance Sheet as at 31 December 2024

Note

2024
£

2023
£

Fixed assets

 

Tangible assets

4

58,914

84,450

Current assets

 

Stocks

5

995

995

Debtors

6

41,957

27,646

Cash at bank and in hand

 

68,977

78,590

 

111,929

107,231

Creditors: Amounts falling due within one year

7

(70,278)

(49,240)

Net current assets

 

41,651

57,991

Total assets less current liabilities

 

100,565

142,441

Provisions for liabilities

(11,642)

(11,642)

Net assets

 

88,923

130,799

Capital and reserves

 

Called up share capital

8

2

2

Retained earnings

88,921

130,797

Shareholders' funds

 

88,923

130,799

For the financial year ending 31 December 2024 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

Directors' responsibilities:

The members have not required the company to obtain an audit of its accounts for the year in question in accordance with section 476; and

The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.

These financial statements have been prepared in accordance with the special provisions relating to companies subject to the small companies regime within Part 15 of the Companies Act 2006.

These financial statements have been delivered in accordance with the provisions applicable to companies subject to the small companies regime. As permitted by section 444 (5A) of the Companies Act 2006, the directors have not delivered to the registrar a copy of the Profit and Loss Account.

Approved and authorised by the Board on 8 May 2025 and signed on its behalf by:
 

 

Williamson Cooling Ltd

(Registration number: 06720434)
Balance Sheet as at 31 December 2024

.........................................
Andrew Ian Williamson
Director

   
     
 

Williamson Cooling Ltd

Notes to the Unaudited Financial Statements for the Year Ended 31 December 2024

1

General information

The company is a private company limited by share capital, incorporated in England.

The address of its registered office is:
Williamson Cooling Ltd
Mill House
Mill Road
Bletchley
Milton Keynes
MK2 2UZ

These financial statements were authorised for issue by the Board on 8 May 2025.

2

Accounting policies

Summary of significant accounting policies and key accounting estimates

The principal accounting policies applied in the preparation of these financial statements are set out below. These policies have been consistently applied to all the years presented, unless otherwise stated.

Statement of compliance

These financial statements have been prepared in accordance with Financial Reporting Standard 102 Section 1A smaller entities - 'The Financial Reporting Standard applicable in the United Kingdom and Republic of Ireland' and the Companies Act 2006 (as applicable to companies subject to the small companies' regime).

Basis of preparation

These financial statements have been prepared using the historical cost convention except that as disclosed in the accounting policies certain items are shown at fair value.

Going concern

The financial statements have been prepared on a going concern basis.

Revenue recognition

Turnover comprises the fair value of the consideration received or receivable for the sale of goods and provision of services in the ordinary course of the company’s activities. Turnover is shown net of sales/value added tax, returns, rebates and discounts.

The company recognises revenue when:
The amount of revenue can be reliably measured;
it is probable that future economic benefits will flow to the entity;
and specific criteria have been met for each of the company's activities.

Tax

The tax expense for the period comprises current tax. Tax is recognised in profit or loss, except that a change attributable to an item of income or expense recognised as other comprehensive income is also recognised directly in other comprehensive income.

 

Williamson Cooling Ltd

Notes to the Unaudited Financial Statements for the Year Ended 31 December 2024

The current income tax charge is calculated on the basis of tax rates and laws that have been enacted or substantively enacted by the reporting date in the countries where the company operates and generates taxable income.

Deferred tax is recognised in respect of all timing differences between taxable profits and profits reported in the financial statements.

Unrelieved tax losses and other deferred tax assets are recognised when it is probable that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits.

Deferred tax is measured using the tax rates and laws that have been enacted or substantively enacted by the reporting date and that are expected to apply to the reversal of the timing difference.

Tangible assets

Tangible assets are stated in the balance sheet at cost, less any subsequent accumulated depreciation and subsequent accumulated impairment losses.

The cost of tangible assets includes directly attributable incremental costs incurred in their acquisition and installation.

Depreciation

Depreciation is charged so as to write off the cost of assets, other than land and properties under construction over their estimated useful lives, as follows:

Asset class

Depreciation method and rate

Plant and Machinery

25% reducing balance

Motor Vehicles

25% reducing balance

Fixtures, Fittings & Office Equipment

25% reducing balance

Cash and cash equivalents

Cash and cash equivalents comprise cash on hand and call deposits, and other short-term highly liquid investments that are readily convertible to a known amount of cash and are subject to an insignificant risk of change in value.

Trade debtors

Trade debtors are amounts due from customers for merchandise sold or services performed in the ordinary course of business.

Trade debtors are recognised initially at the transaction price. They are subsequently measured at amortised cost using the effective interest method, less provision for impairment. A provision for the impairment of trade debtors is established when there is objective evidence that the company will not be able to collect all amounts due according to the original terms of the receivables.

 

Williamson Cooling Ltd

Notes to the Unaudited Financial Statements for the Year Ended 31 December 2024

Stocks

Stocks are stated at the lower of cost and estimated selling price less costs to complete and sell. Cost is determined using the first-in, first-out (FIFO) method.

The cost of finished goods and work in progress comprises direct materials and, where applicable, direct labour costs and those overheads that have been incurred in bringing the inventories to their present location and condition. At each reporting date, stocks are assessed for impairment. If stocks are impaired, the carrying amount is reduced to its selling price less costs to complete and sell; the impairment loss is recognised immediately in profit or loss.

Trade creditors

Trade creditors are obligations to pay for goods or services that have been acquired in the ordinary course of business from suppliers. Accounts payable are classified as current liabilities if the company does not have an unconditional right, at the end of the reporting period, to defer settlement of the creditor for at least twelve months after the reporting date. If there is an unconditional right to defer settlement for at least twelve months after the reporting date, they are presented as non-current liabilities.

Trade creditors are recognised initially at the transaction price and subsequently measured at amortised cost using the effective interest method.

Share capital

Ordinary shares are classified as equity. Equity instruments are measured at the fair value of the cash or other resources received or receivable, net of the direct costs of issuing the equity instruments. If payment is deferred and the time value of money is material, the initial measurement is on a present value basis.

Dividends

Dividend distribution to the company’s shareholders is recognised as a liability in the financial statements in the reporting period in which the dividends are declared.

Defined contribution pension obligation

A defined contribution plan is a pension plan under which fixed contributions are paid into a pension fund and the company has no legal or constructive obligation to pay further contributions even if the fund does not hold sufficient assets to pay all employees the benefits relating to employee service in the current and prior periods.

Contributions to defined contribution plans are recognised as employee benefit expense when they are due. If contribution payments exceed the contribution due for service, the excess is recognised as a prepayment.

3

Staff numbers

The average number of persons employed by the company (including directors) during the year, was 2 (2023 - 2).

 

Williamson Cooling Ltd

Notes to the Unaudited Financial Statements for the Year Ended 31 December 2024

4

Tangible assets

Fixtures and fittings
and equipment
£

Plant and machinery
£

Motor vehicles
 £

Total
£

Cost or valuation

At 1 January 2024

52,315

8,119

104,872

165,306

Additions

3,861

-

-

3,861

At 31 December 2024

56,176

8,119

104,872

169,167

Depreciation

At 1 January 2024

43,785

7,661

29,410

80,856

Charge for the year

3,213

153

26,031

29,397

At 31 December 2024

46,998

7,814

55,441

110,253

Carrying amount

At 31 December 2024

9,178

305

49,431

58,914

At 31 December 2023

8,530

458

75,462

84,450

5

Stocks

2024
£

2023
£

Other inventories

995

995

6

Debtors

Current

2024
£

2023
£

Trade debtors

33,028

23,882

Other debtors

8,929

3,764

 

41,957

27,646

7

Creditors

Creditors: amounts falling due within one year

 

Williamson Cooling Ltd

Notes to the Unaudited Financial Statements for the Year Ended 31 December 2024

2024
£

2023
£

Due within one year

Trade creditors

559

3,694

Taxation and social security

67,820

43,904

Accruals and deferred income

899

642

Other creditors

1,000

1,000

70,278

49,240

8

Share capital

Allotted, called up and fully paid shares

 

2024

2023

 

No.

£

No.

£

Ordinary Shares of £1 each

2

2

2

2

         

9

Dividends

   

2024

 

2023

   

£

 

£

Interim dividend of £82,075.00 (2023 - £54,850.00) per ordinary share

 

164,150

 

109,700

         

10

Related party transactions

 

Williamson Cooling Ltd

Notes to the Unaudited Financial Statements for the Year Ended 31 December 2024

Directors' remuneration

The directors' remuneration for the year was as follows:

2024
£

2023
£

Remuneration

31,949

53,846

Contributions paid to money purchase schemes

32,000

32,000

63,949

85,846