Anthony Williams & Co Limited 02765719 false 2024-01-01 2024-12-31 2024-12-31 The principal activity of the company is Chartered Accountants Digita Accounts Production Advanced 6.30.9574.0 true true 02765719 2024-01-01 2024-12-31 02765719 2024-12-31 02765719 bus:OrdinaryShareClass1 2024-12-31 02765719 bus:OrdinaryShareClass2 2024-12-31 02765719 bus:OrdinaryShareClass3 2024-12-31 02765719 bus:OrdinaryShareClass4 2024-12-31 02765719 bus:OrdinaryShareClass5 2024-12-31 02765719 bus:OtherShareClass1 2024-12-31 02765719 bus:OtherShareClass2 2024-12-31 02765719 core:CapitalRedemptionReserve 2024-12-31 02765719 core:RetainedEarningsAccumulatedLosses 2024-12-31 02765719 core:ShareCapital 2024-12-31 02765719 core:CurrentFinancialInstruments 2024-12-31 02765719 core:CurrentFinancialInstruments core:WithinOneYear 2024-12-31 02765719 core:Goodwill 2024-12-31 02765719 core:PlantMachinery 2024-12-31 02765719 bus:SmallEntities 2024-01-01 2024-12-31 02765719 bus:AuditExemptWithAccountantsReport 2024-01-01 2024-12-31 02765719 bus:FilletedAccounts 2024-01-01 2024-12-31 02765719 bus:SmallCompaniesRegimeForAccounts 2024-01-01 2024-12-31 02765719 bus:RegisteredOffice 2024-01-01 2024-12-31 02765719 bus:CompanySecretary1 2024-01-01 2024-12-31 02765719 bus:Director3 2024-01-01 2024-12-31 02765719 bus:Director5 2024-01-01 2024-12-31 02765719 bus:Director6 2024-01-01 2024-12-31 02765719 bus:OrdinaryShareClass1 2024-01-01 2024-12-31 02765719 bus:OrdinaryShareClass2 2024-01-01 2024-12-31 02765719 bus:OrdinaryShareClass3 2024-01-01 2024-12-31 02765719 bus:OrdinaryShareClass4 2024-01-01 2024-12-31 02765719 bus:OrdinaryShareClass5 2024-01-01 2024-12-31 02765719 bus:OtherShareClass1 2024-01-01 2024-12-31 02765719 bus:OtherShareClass2 2024-01-01 2024-12-31 02765719 bus:PrivateLimitedCompanyLtd 2024-01-01 2024-12-31 02765719 core:Goodwill 2024-01-01 2024-12-31 02765719 core:PlantMachinery 2024-01-01 2024-12-31 02765719 countries:AllCountries 2024-01-01 2024-12-31 02765719 2023-12-31 02765719 core:Goodwill 2023-12-31 02765719 core:PlantMachinery 2023-12-31 02765719 2023-01-01 2023-12-31 02765719 2023-12-31 02765719 bus:OrdinaryShareClass1 2023-12-31 02765719 bus:OrdinaryShareClass2 2023-12-31 02765719 bus:OrdinaryShareClass3 2023-12-31 02765719 bus:OrdinaryShareClass4 2023-12-31 02765719 bus:OrdinaryShareClass5 2023-12-31 02765719 bus:OtherShareClass1 2023-12-31 02765719 bus:OtherShareClass2 2023-12-31 02765719 core:CapitalRedemptionReserve 2023-12-31 02765719 core:RetainedEarningsAccumulatedLosses 2023-12-31 02765719 core:ShareCapital 2023-12-31 02765719 core:CurrentFinancialInstruments 2023-12-31 02765719 core:CurrentFinancialInstruments core:WithinOneYear 2023-12-31 02765719 core:Goodwill 2023-12-31 02765719 core:PlantMachinery 2023-12-31 iso4217:GBP xbrli:pure xbrli:shares

Registration number: 02765719

Anthony Williams & Co Limited

trading as AW Accountants

Unaudited Filleted Financial Statements

for the Year Ended 31 December 2024

 

Anthony Williams & Co Limited

trading as AW Accountants

Contents

Company Information

1

Balance Sheet

2 to 3

Notes to the Unaudited Financial Statements

4 to 8

 

Anthony Williams & Co Limited

trading as AW Accountants

Company Information

Directors

Mr Dominic Derek Geoffrey Stephens

Mr David Geoffrey Stephens

Mr Keiron David Stephens

Company secretary

Mrs Linda Theresa Stephens

Registered office

Trevenson House
Church Road
Pool
REDRUTH
Cornwall
TR15 3PT

 

Anthony Williams & Co Limited

trading as AW Accountants

(Registration number: 02765719)
Balance Sheet as at 31 December 2024

Note

2024
£

2023
£

Fixed assets

 

Intangible assets

4

195,430

205,202

Tangible assets

5

13,389

13,406

 

208,819

218,608

Current assets

 

Debtors

6

112,422

104,222

Cash at bank and in hand

 

252,683

273,241

 

365,105

377,463

Creditors: Amounts falling due within one year

7

(121,532)

(81,749)

Net current assets

 

243,573

295,714

Total assets less current liabilities

 

452,392

514,322

Provisions for liabilities

(3,348)

(3,352)

Net assets

 

449,044

510,970

Capital and reserves

 

Called up share capital

8

67,290

67,290

Capital redemption reserve

32,714

32,714

Retained earnings

349,040

410,966

Shareholders' funds

 

449,044

510,970

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.

 

Anthony Williams & Co Limited

trading as AW Accountants

(Registration number: 02765719)
Balance Sheet as at 31 December 2024

Approved and authorised by the Board on 14 May 2025 and signed on its behalf by:
 

Mr Dominic Derek Geoffrey Stephens

Director

Mr David Geoffrey Stephens

Director

Mr Keiron David Stephens

Director

 

Anthony Williams & Co Limited

trading as AW Accountants

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 & Wales.

The address of its registered office is:
Trevenson House
Church Road
Pool
REDRUTH
Cornwall
TR15 3PT
Great Britain

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 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 and deferred 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.

 

Anthony Williams & Co Limited

trading as AW Accountants

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 & Machinery

20% on cost

Goodwill

Goodwill arising on the acquisition of an entity represents the excess of the cost of acquisition over the company’s interest in the net fair value of the identifiable assets, liabilities and contingent liabilities of the entity recognised at the date of acquisition. Goodwill is initially recognised as an asset at cost and is subsequently measured at cost less accumulated amortisation and accumulated impairment losses. Goodwill is held in the currency of the acquired entity and revalued to the closing rate at each reporting period date. Goodwill is amortised over its useful life.

Amortisation

Amortisation is provided on intangible assets so as to write off the cost, less any estimated residual value, over their useful life as follows:

Asset class

Amortisation method and rate

Goodwill

30 years

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.

 

Anthony Williams & Co Limited

trading as AW Accountants

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

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.

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.

Leases

Leases in which substantially all the risks and rewards of ownership are retained by the lessor are classified as operating leases. Payments made under operating leases are charged to profit or loss on a straight-line basis over the period of the lease.

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 12 (2023 - 12).

 

Anthony Williams & Co Limited

trading as AW Accountants

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

4

Intangible assets

Goodwill
 £

Total
£

Cost or valuation

At 1 January 2024

293,150

293,150

At 31 December 2024

293,150

293,150

Amortisation

At 1 January 2024

87,948

87,948

Amortisation charge

9,772

9,772

At 31 December 2024

97,720

97,720

Carrying amount

At 31 December 2024

195,430

195,430

At 31 December 2023

205,202

205,202

5

Tangible assets

Plant and machinery
£

Total
£

Cost or valuation

At 1 January 2024

60,519

60,519

Additions

4,871

4,871

Disposals

(31,572)

(31,572)

At 31 December 2024

33,818

33,818

Depreciation

At 1 January 2024

47,113

47,113

Charge for the year

4,172

4,172

Eliminated on disposal

(30,856)

(30,856)

At 31 December 2024

20,429

20,429

Carrying amount

At 31 December 2024

13,389

13,389

At 31 December 2023

13,406

13,406

 

Anthony Williams & Co Limited

trading as AW Accountants

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

6

Debtors

Current

2024
£

2023
£

Trade debtors

98,746

84,728

Prepayments

6,455

12,271

Other debtors

7,221

7,223

 

112,422

104,222

7

Creditors

Creditors: amounts falling due within one year

2024
£

2023
£

Due within one year

Trade creditors

2,689

7,611

Taxation and social security

95,478

48,670

Accruals and deferred income

170

67

Other creditors

23,195

25,401

121,532

81,749

8

Share capital

Allotted, called up and fully paid shares

2024

2023

No.

£

No.

£

Ordinary A of £1 each

16,667

16,667

16,667

16,667

Ordinary B of £1 each

21,292

21,292

21,292

21,292

Ordinary C of £1 each

6,000

6,000

6,000

6,000

Ordinary D of £1 each

6,666

6,666

6,666

6,666

Ordinary E of £1 each

6,666

6,666

6,666

6,666

Ordinary F of £1 each

6,666

6,666

6,666

6,666

Ordinary G of £1 each

3,333

3,333

3,333

3,333

67,290

67,290

67,290

67,290