IRIS Accounts Production v25.1.3.33 10766084 director 1.6.24 31.5.25 31.5.25 false true false false false true false iso4217:GBPiso4217:USDiso4217:EURxbrli:sharesxbrli:pureutr:tonnesutr:kWh107660842024-05-31107660842025-05-31107660842024-06-012025-05-31107660842023-05-31107660842023-06-012024-05-31107660842024-05-3110766084ns15:EnglandWales2024-06-012025-05-3110766084ns14:PoundSterling2024-06-012025-05-3110766084ns10:Director12024-06-012025-05-3110766084ns10:PrivateLimitedCompanyLtd2024-06-012025-05-3110766084ns10:SmallEntities2024-06-012025-05-3110766084ns10:AuditExempt-NoAccountantsReport2024-06-012025-05-3110766084ns10:SmallCompaniesRegimeForDirectorsReport2024-06-012025-05-3110766084ns10:SmallCompaniesRegimeForAccounts2024-06-012025-05-3110766084ns10:FullAccounts2024-06-012025-05-311076608412024-06-012025-05-3110766084ns10:CompanySecretary12024-06-012025-05-3110766084ns10:RegisteredOffice2024-06-012025-05-3110766084ns5:CurrentFinancialInstruments2025-05-3110766084ns5:CurrentFinancialInstruments2024-05-3110766084ns5:Non-currentFinancialInstruments2025-05-3110766084ns5:Non-currentFinancialInstruments2024-05-3110766084ns5:ShareCapital2025-05-3110766084ns5:ShareCapital2024-05-3110766084ns5:RetainedEarningsAccumulatedLosses2025-05-3110766084ns5:RetainedEarningsAccumulatedLosses2024-05-3110766084ns5:IntangibleAssetsOtherThanGoodwill2024-06-012025-05-3110766084ns5:DevelopmentCostsCapitalisedDevelopmentExpenditure2024-06-012025-05-3110766084ns5:PlantMachinery2024-06-012025-05-3110766084ns5:MotorVehicles2024-06-012025-05-3110766084ns5:DevelopmentCostsCapitalisedDevelopmentExpenditure2024-05-3110766084ns5:DevelopmentCostsCapitalisedDevelopmentExpenditure2025-05-3110766084ns5:DevelopmentCostsCapitalisedDevelopmentExpenditure2024-05-3110766084ns5:PlantMachinery2024-05-3110766084ns5:MotorVehicles2024-05-3110766084ns5:PlantMachinery2025-05-3110766084ns5:MotorVehicles2025-05-3110766084ns5:PlantMachinery2024-05-3110766084ns5:MotorVehicles2024-05-3110766084ns5:WithinOneYearns5:CurrentFinancialInstruments2025-05-3110766084ns5:WithinOneYearns5:CurrentFinancialInstruments2024-05-3110766084ns5:BetweenOneTwoYearsns5:Non-currentFinancialInstruments2024-05-3110766084ns5:Non-currentFinancialInstrumentsns5:BetweenTwoFiveYears2025-05-3110766084ns5:Non-currentFinancialInstrumentsns5:BetweenTwoFiveYears2024-05-31
REGISTERED NUMBER: 10766084 (England and Wales)














UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 MAY 2025

FOR

WILLIAMS MARINE LTD.

WILLIAMS MARINE LTD. (REGISTERED NUMBER: 10766084)






CONTENTS OF THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MAY 2025




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


WILLIAMS MARINE LTD.

COMPANY INFORMATION
FOR THE YEAR ENDED 31 MAY 2025







DIRECTOR: Mrs N J Williams





SECRETARY:





REGISTERED OFFICE: 3 Murray Street
Llanelli
Carmarthenshire
SA15 1AQ





REGISTERED NUMBER: 10766084 (England and Wales)





ACCOUNTANTS: Charles & Co
Chartered Certified Accountants
3 Murray Street
Llanelli
Carmarthenshire
SA15 1AQ

WILLIAMS MARINE LTD. (REGISTERED NUMBER: 10766084)

BALANCE SHEET
31 MAY 2025

2025 2024
Notes £    £    £   
FIXED ASSETS
Intangible assets 4 56,916 71,144
Tangible assets 5 101,759 84,022
158,675 155,166

CURRENT ASSETS
Stocks 29,737 5,500
Debtors 6 77,451 41,489
Cash at bank and in hand - 15,522
107,188 62,511
CREDITORS
Amounts falling due within one year 7 71,716 23,031
NET CURRENT ASSETS 35,472 39,480
TOTAL ASSETS LESS CURRENT
LIABILITIES

194,147

194,646

CREDITORS
Amounts falling due after more than one
year

8

180,402

108,300
NET ASSETS 13,745 86,346

CAPITAL AND RESERVES
Called up share capital 10 10
Retained earnings 13,735 86,336
13,745 86,346

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 May 2025.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 May 2025 in accordance with Section 476 of the Companies Act 2006.

The director acknowledges her 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.

WILLIAMS MARINE LTD. (REGISTERED NUMBER: 10766084)

BALANCE SHEET - continued
31 MAY 2025


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 Income Statement has not been delivered.

The financial statements were approved by the director and authorised for issue on 6 June 2025 and were signed by:





Mrs N J Williams - Director


WILLIAMS MARINE LTD. (REGISTERED NUMBER: 10766084)

NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MAY 2025

1. STATUTORY INFORMATION

Williams Marine Ltd. 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.

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.

Development costs 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% on reducing balance
Motor vehicles - 20% on reducing balance

Stocks
Stocks are valued at the lower of cost and net realisable value, after making due allowance for obsolete and slow moving items.

Taxation
Taxation for the year comprises current and deferred tax. Tax is recognised in the Income Statement, except to the extent that it relates to items recognised in other comprehensive income or directly in equity.

Current or deferred taxation assets and liabilities are not discounted.

Current tax is recognised at the amount of tax payable using the tax rates and laws that have been enacted or substantively enacted by the balance sheet date.

Deferred tax
Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the balance sheet date.

Timing differences arise from the inclusion of income and expenses in tax assessments in periods different from those in which they are recognised in financial statements. Deferred tax is measured using tax rates and laws that have been enacted or substantively enacted by the year end and that are expected to apply to the reversal of the timing difference.

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

Hire purchase and leasing commitments
Rentals paid under operating leases are charged to profit or loss on a straight line basis over the period of the lease.

WILLIAMS MARINE LTD. (REGISTERED NUMBER: 10766084)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 MAY 2025

2. ACCOUNTING POLICIES - continued

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.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 5 (2024 - 4 ) .

4. INTANGIBLE FIXED ASSETS
Development
costs
£   
COST
At 1 June 2024
and 31 May 2025 142,288
AMORTISATION
At 1 June 2024 71,144
Amortisation for year 14,228
At 31 May 2025 85,372
NET BOOK VALUE
At 31 May 2025 56,916
At 31 May 2024 71,144

5. TANGIBLE FIXED ASSETS
Plant and Motor
machinery vehicles Totals
£    £    £   
COST
At 1 June 2024 147,917 72,303 220,220
Additions 15,000 40,500 55,500
Disposals (1,200 ) (17,995 ) (19,195 )
At 31 May 2025 161,717 94,808 256,525
DEPRECIATION
At 1 June 2024 102,668 33,530 136,198
Charge for year 11,999 17,920 29,919
Eliminated on disposal (948 ) (10,403 ) (11,351 )
At 31 May 2025 113,719 41,047 154,766
NET BOOK VALUE
At 31 May 2025 47,998 53,761 101,759
At 31 May 2024 45,249 38,773 84,022

WILLIAMS MARINE LTD. (REGISTERED NUMBER: 10766084)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 MAY 2025

6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2025 2024
£    £   
Trade debtors 57,332 24,822
Other debtors 20,119 16,667
77,451 41,489

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2025 2024
£    £   
Bank loans and overdrafts (see note 9) 9,772 -
Tax - 10,492
Social security and other taxes 4,118 10,201
VAT - 279
Directors' loan accounts 36,901 1,000
Accruals and deferred income 20,000 -
Accrued expenses 925 1,059
71,716 23,031

8. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
2025 2024
£    £   
Other loans (see note 9) 154,844 76,983
Hire purchase contracts 25,558 31,317
180,402 108,300

9. LOANS

An analysis of the maturity of loans is given below:

2025 2024
£    £   
Amounts falling due within one year or on demand:
Bank overdrafts 9,772 -

Amounts falling due between one and two years:
Other loans - 1-2 years - 6,400

Amounts falling due between two and five years:
Other loans - 2-5 years 154,844 70,583