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REGISTERED NUMBER: 00326858 (England and Wales)


















FINANCIAL STATEMENTS

FOR THE YEAR ENDED 30 APRIL 2025

FOR

WILLIAM SANTUS & CO. LIMITED

WILLIAM SANTUS & CO. LIMITED (REGISTERED NUMBER: 00326858)






CONTENTS OF THE FINANCIAL STATEMENTS
for the Year Ended 30 April 2025




Page

Company Information 1

Statement of Financial Position 2

Notes to the Financial Statements 3


WILLIAM SANTUS & CO. LIMITED

COMPANY INFORMATION
for the Year Ended 30 April 2025







DIRECTORS: J F Winnard
A B Winnard





SECRETARY: J F Winnard





REGISTERED OFFICE: The Toffee Works
Dorning Street
Wigan
WN1 1HE





REGISTERED NUMBER: 00326858 (England and Wales)





AUDITORS: Fairhurst Audit Services Ltd
Statutory Auditor
Chartered Accountants
Douglas Bank House
Wigan Lane
Wigan
Lancashire
WN1 2TB

WILLIAM SANTUS & CO. LIMITED (REGISTERED NUMBER: 00326858)

STATEMENT OF FINANCIAL POSITION
30 April 2025

2025 2024
Notes £    £    £   
FIXED ASSETS
Tangible assets 4 29,850 37,227

CURRENT ASSETS
Stocks 122,753 130,192
Debtors 5 96,289 90,755
Cash at bank and in hand 25,822 74,607
244,864 295,554
CREDITORS
Amounts falling due within one year 6 109,479 136,185
NET CURRENT ASSETS 135,385 159,369
TOTAL ASSETS LESS CURRENT
LIABILITIES

165,235

196,596

CREDITORS
Amounts falling due after more than one
year

7

(8,633

)

(12,333

)

PROVISIONS FOR LIABILITIES (7,343 ) (9,161 )
NET ASSETS 149,259 175,102

CAPITAL AND RESERVES
Called up share capital 20,000 20,000
Capital redemption reserve 5,400 5,400
Retained earnings 123,859 149,702
SHAREHOLDERS' FUNDS 149,259 175,102

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 Board of Directors and authorised for issue on 18 June 2025 and were signed on its behalf by:




J F Winnard - Director



A B Winnard - Director


WILLIAM SANTUS & CO. LIMITED (REGISTERED NUMBER: 00326858)

NOTES TO THE FINANCIAL STATEMENTS
for the Year Ended 30 April 2025

1. STATUTORY INFORMATION

William Santus & Co. Limited 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.

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


2. ACCOUNTING POLICIES

Basis of preparing the financial statements
The accounts have been prepared in accordance with the provisions of FRS 102 Section 1A for small entities. There were no material departures from that standard.

Going concern
The directors have carefully considered the current financial position of the company, taking into account liquidity and future performance. The directors believe that the company is well placed to manage its business risks successfully. Accordingly they have a reasonable expectation that the company has adequate resources to continue in operation existence for the foreseeable future. Thus they continue to adopt the going concern basis of accounting in preparing these financial statements.

Revenue recognition
Turnover is measured at the fair value of the consideration received or receivable and represents amounts receivable for goods supplied and services rendered, stated net of discounts and of Value Added Tax.

Income is recognised when goods have been delivered to customers such that risks and rewards of ownership have transferred to them.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off the cost less estimated residual value of each asset over its estimated useful life or, if held under a finance lease, over the lease term, whichever is the shorter.
Plant and machinery - 25% on reducing balance
Fixtures and fittings - 15% on reducing balance and straight line over 3 years
Motor vehicles - 25% 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.

Cost is calculated using the first-in first-out method and includes the normal cost of transporting stock to its present location and condition. Cost included material and direct labour costs together with an appropriate proportion of production overheads.

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 statement of financial position date.


WILLIAM SANTUS & CO. LIMITED (REGISTERED NUMBER: 00326858)

NOTES TO THE FINANCIAL STATEMENTS - continued
for the Year Ended 30 April 2025

2. ACCOUNTING POLICIES - continued
Deferred tax
Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the statement of financial position 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.

Research and development
Expenditure on research and development is written off in the year in which it is incurred.


Leasing
Tangible assets acquired under finance leases or hire purchase contracts are capitalised and depreciated in the same manner as other tangible fixed assets. The related obligations, net of future finance charges, are included in creditors.

Rentals payable under operating leases are charged to the profit and loss account on a straight line basis over the period of the lease.

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.

Financial instruments
The following assets and liabilities are classified as financial instruments – trade debtors, trade creditors, and directors’ loans.

Directors’ loans (being repayable on demand), trade debtors and trade creditors are measured at the undiscounted amount of the cash or other consideration expected to be paid or received.

Financial assets that are measured at amortised cost are assessed at the end of each reporting period for objective evidence of impairment. If objective evidence of impairment is found, an impairment loss is recognised in the Statement of Income and Retained Earnings.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 13 (2024 - 12 ) .

WILLIAM SANTUS & CO. LIMITED (REGISTERED NUMBER: 00326858)

NOTES TO THE FINANCIAL STATEMENTS - continued
for the Year Ended 30 April 2025

4. TANGIBLE FIXED ASSETS
Fixtures
Plant and and Motor
machinery fittings vehicles Totals
£    £    £    £   
COST
At 1 May 2024 370,276 34,438 15,450 420,164
Additions 1,498 2,514 - 4,012
Disposals (3,500 ) - - (3,500 )
At 30 April 2025 368,274 36,952 15,450 420,676
DEPRECIATION
At 1 May 2024 333,961 34,342 14,634 382,937
Charge for year 9,434 1,741 203 11,378
Eliminated on disposal (3,489 ) - - (3,489 )
At 30 April 2025 339,906 36,083 14,837 390,826
NET BOOK VALUE
At 30 April 2025 28,368 869 613 29,850
At 30 April 2024 36,315 96 816 37,227

The net book value of tangible fixed assets includes £ 18,265 (2024 - £ 24,353 ) in respect of assets held under hire purchase contracts.

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2025 2024
£    £   
Trade debtors 69,756 75,703
Other debtors 26,533 15,052
96,289 90,755

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2025 2024
£    £   
Hire purchase contracts (see note 8) 3,700 3,700
Trade creditors 48,713 58,552
Taxation and social security 40,774 48,528
Other creditors 16,292 25,405
109,479 136,185

7. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
2025 2024
£    £   
Hire purchase contracts (see note 8) 8,633 12,333

WILLIAM SANTUS & CO. LIMITED (REGISTERED NUMBER: 00326858)

NOTES TO THE FINANCIAL STATEMENTS - continued
for the Year Ended 30 April 2025

8. LEASING AGREEMENTS

Minimum lease payments fall due as follows:

Hire purchase contracts
2025 2024
£    £   
Net obligations repayable:
Within one year 3,700 3,700
Between one and five years 8,633 12,333
12,333 16,033

Non-cancellable operating leases
2025 2024
£    £   
Within one year 6,798 6,061
Between one and five years 4,532 10,102
11,330 16,163

9. SECURED DEBTS

The bank holds a debenture, dated 16 October 2003, incorporating a fixed and floating charge over all current and future assets of the company.

10. DISCLOSURE UNDER SECTION 444(5B) OF THE COMPANIES ACT 2006

The Report of the Auditors was unqualified.

Mrs Jane Dennis (Senior Statutory Auditor)
for and on behalf of Fairhurst Audit Services Ltd

11. OTHER FINANCIAL COMMITMENTS

The company has rent lease commitments of £28,000 falling due within the next financial year (2024 - £28,000).

12. DIRECTORS' ADVANCES, CREDITS AND GUARANTEES

The following advances and credits to directors subsisted during the years ended 30 April 2025 and 30 April 2024:

2025 2024
£    £   
J F Winnard
Balance outstanding at start of year (2,500 ) (2,500 )
Amounts advanced (7,500 ) 12,500
Amounts repaid - (12,500 )
Amounts written off - -
Amounts waived - -
Balance outstanding at end of year (10,000 ) (2,500 )

WILLIAM SANTUS & CO. LIMITED (REGISTERED NUMBER: 00326858)

NOTES TO THE FINANCIAL STATEMENTS - continued
for the Year Ended 30 April 2025

12. DIRECTORS' ADVANCES, CREDITS AND GUARANTEES - continued

A B Winnard
Balance outstanding at start of year (460 ) (460 )
Amounts advanced (17,158 ) 12,500
Amounts repaid 10,660 (12,500 )
Amounts written off - -
Amounts waived - -
Balance outstanding at end of year (6,958 ) (460 )

13. RELATED PARTY DISCLOSURES

The company occupies a property which is owned by the directors' pension scheme. Rent of £28,000 (2024 - £23,417) was paid to the pension scheme this year. This rent is deemed to be at the prevailing market rate.

14. ULTIMATE CONTROLLING PARTY

The company is controlled by the directors, Mr J F Winnard and Mr A B Winnard, by virtue of their shareholding.