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REGISTERED NUMBER: 09737549 (England and Wales)










TG Williams Builders Ltd

Unaudited Financial Statements

for the Year Ended 30 September 2024






TG Williams Builders Ltd (Registered number: 09737549)






Contents of the Financial Statements
for the year ended 30 September 2024




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 3


TG Williams Builders Ltd

Company Information
for the year ended 30 September 2024







DIRECTORS: Mr S Williams
Mr M J Williams
Mr G Williams





REGISTERED OFFICE: Old Station Yard
Chester Street
St Asaph
Denbighshire
LL17 0RE





REGISTERED NUMBER: 09737549 (England and Wales)





ACCOUNTANTS: Salisbury & Company
Chartered Accountants
Irish Square
Upper Denbigh Road
St Asaph
Denbighshire
LL17 0RN

TG Williams Builders Ltd (Registered number: 09737549)

Balance Sheet
30 September 2024

2024 2023
Notes £    £    £   
FIXED ASSETS
Intangible assets 4 3,000 6,000
Tangible assets 5 355,439 147,710
358,439 153,710

CURRENT ASSETS
Stocks 380,142 463,792
Debtors 6 519,949 250,291
Cash at bank and in hand 675,936 362,326
1,576,027 1,076,409
CREDITORS
Amounts falling due within one year 7 1,237,825 776,460
NET CURRENT ASSETS 338,202 299,949
TOTAL ASSETS LESS CURRENT
LIABILITIES

696,641

453,659

CREDITORS
Amounts falling due after more than one
year

8

(120,605

)

(93,502

)

PROVISIONS FOR LIABILITIES (38,377 ) (31,954 )
NET ASSETS 537,659 328,203

CAPITAL AND RESERVES
Called up share capital 120 120
Retained earnings 537,539 328,083
537,659 328,203

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 30 September 2024.

The members have not required the company to obtain an audit of its financial statements for the year ended 30 September 2024 in accordance with Section 476 of the Companies Act 2006.

The directors acknowledge their 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.

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 23 June 2025 and were signed on its behalf by:



Mr G Williams - Director


TG Williams Builders Ltd (Registered number: 09737549)

Notes to the Financial Statements
for the year ended 30 September 2024

1. STATUTORY INFORMATION

TG Williams Builders 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.

Goodwill
Goodwill, being the amount paid in connection with the acquisition of a business in 2015, is being amortised evenly over its estimated useful life of ten years.

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.

Intangible assets acquired on business combinations are recognised separately from goodwill at the
acquisition date where it is probable that the expected future economic benefits that are attributable to the
asset will flow to the entity and the fair value of the asset can be measured reliably; the intangible asset arises from contractual or other legal rights; and the intangible asset is separable from the entity.

Amortisation is recognised so as to write off the cost or valuation of assets less their residual values over their
useful lives on the following bases:

Intangibles 10% on cost

TG Williams Builders Ltd (Registered number: 09737549)

Notes to the Financial Statements - continued
for the year ended 30 September 2024

2. ACCOUNTING POLICIES - continued

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.

Plant and equipment 25% reducing balance
Fixture and fittings 25% reducing balance
Motor vehicles 25% reducing balance

Impairment of fixed assets

At each reporting period end date, the company reviews the carrying amounts of its tangible and intangible
assets to determine whether there is any indication that those assets have suffered an impairment loss. If any
such indication exists, the recoverable amount of the asset is estimated in order to determine the extent of the impairment loss (if any). Where it is not possible to estimate the recoverable amount of an individual asset, the company estimates the recoverable amount of the cash-generating unit to which the asset belongs.

Recoverable amount is the higher of fair value less costs to sell and value in use. In assessing value in use,
the estimated future cash flows are discounted to their present value using a pre-tax discount rate that reflects current market assessments of the time value of money and the risks specific to the asset for which the estimates of future cash flows have not been adjusted.

If the recoverable amount of an asset (or cash-generating unit) is estimated to be less than its carrying
amount, the carrying amount of the asset (or cash-generating unit) is reduced to its recoverable amount. An
impairment loss is recognised immediately in profit or loss, unless the relevant asset is carried at a revalued
amount, in which case the impairment loss is treated as a revaluation decrease.

Recognised impairment losses are reversed if, and only if, the reasons for the impairment loss have ceased to apply. Where an impairment loss subsequently reverses, the carrying amount of the asset (or cash-generating unit) is increased to the revised estimate of its recoverable amount, but so that the increased carrying amount does not exceed the carrying amount that would have been determined had no impairment loss been recognised for the asset (or cash-generating unit) in prior years. A reversal of an impairment loss is recognised immediately in profit or loss, unless the relevant asset is carried at a revalued amount, in which case the reversal of the impairment loss is treated as a revaluation increase.

Stocks
Work in progress is valued at the lower of cost and net realisable value.

Cost is calculated using the first-in, first-out method and includes all purchase, transport, and handling costs in bringing stocks to their present location and condition.

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.

TG Williams Builders Ltd (Registered number: 09737549)

Notes to the Financial Statements - continued
for the year ended 30 September 2024

2. ACCOUNTING POLICIES - continued

Hire purchase and leasing commitments
Leases are classified as finance leases whenever the terms of the lease transfer substantially all the risks and rewards of ownership to the lessees. All other leases are classified as operating leases.

Assets held under finance leases are recognised as assets at the lower of the assets fair value at the date of
inception and the present value of the minimum lease payments. The related liability is included in the balance sheet as a finance lease obligation. Lease payments are treated as consisting of capital and interest
elements. The interest is charged to profit or loss so as to produce a constant periodic rate of interest on the
remaining balance of the liability.

Rentals payable under operating leases, including any lease incentives received, are charged to profit or loss on a straight line basis over the term of the relevant lease except where another more systematic basis is
more representative of the time pattern in which economic benefits from the leases asset are consumed.

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 32 (2023 - 22 ) .

4. INTANGIBLE FIXED ASSETS
Goodwill
£   
COST
At 1 October 2023
and 30 September 2024 30,000
AMORTISATION
At 1 October 2023 24,000
Charge for year 3,000
At 30 September 2024 27,000
NET BOOK VALUE
At 30 September 2024 3,000
At 30 September 2023 6,000

5. TANGIBLE FIXED ASSETS
Plant and
Land and machinery
buildings etc Totals
£    £    £   
COST
At 1 October 2023 - 385,668 385,668
Additions 159,772 93,511 253,283
At 30 September 2024 159,772 479,179 638,951
DEPRECIATION
At 1 October 2023 - 237,958 237,958
Charge for year - 45,554 45,554
At 30 September 2024 - 283,512 283,512
NET BOOK VALUE
At 30 September 2024 159,772 195,667 355,439
At 30 September 2023 - 147,710 147,710

TG Williams Builders Ltd (Registered number: 09737549)

Notes to the Financial Statements - continued
for the year ended 30 September 2024

6. DEBTORS
2024 2023
£    £   
Amounts falling due within one year:
Trade debtors 268,154 233,278
Other debtors 226,338 17,013
494,492 250,291

Amounts falling due after more than one year:
Other debtors 25,457 -

Aggregate amounts 519,949 250,291

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Bank loans and overdrafts 45,652 10,000
Hire purchase contracts 21,385 14,414
Trade creditors 196,413 368,394
Taxation and social security 296,959 268,998
Other creditors 677,416 114,654
1,237,825 776,460

8. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR
2024 2023
£    £   
Bank loans 56,591 16,667
Hire purchase contracts 22,896 32,508
Other creditors 41,118 44,327
120,605 93,502

9. CALLED UP SHARE CAPITAL

During the year the company restructured its share capital as follows:

Class of Share 30.9.24 30.9.23 Nominal Value per Share
Ordinary A 45 100 1
Ordinary B 20 20 1
Ordinary C 25 - 1
Ordinary D 25 - 1
Ordinary E 5 - 1

No new shares were issued for cash considerations; this was a non- cash reorganisation of share capital.