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No description of principal activity
2023-10-01
Sage Accounts Production Advanced 2024 - FRS102_2024
xbrli:pure
xbrli:shares
iso4217:GBP
4071451
2023-10-01
2024-09-30
4071451
2024-09-30
4071451
2023-09-30
4071451
2022-10-01
2023-09-30
4071451
2023-09-30
4071451
2022-09-30
4071451
core:MotorVehicles
2023-10-01
2024-09-30
4071451
bus:OrdinaryShareClass1
2023-10-01
2024-09-30
4071451
bus:Director1
2023-10-01
2024-09-30
4071451
core:MotorVehicles
2023-09-30
4071451
core:MotorVehicles
2024-09-30
4071451
core:WithinOneYear
2024-09-30
4071451
core:WithinOneYear
2023-09-30
4071451
core:ShareCapital
2024-09-30
4071451
core:ShareCapital
2023-09-30
4071451
core:RetainedEarningsAccumulatedLosses
2024-09-30
4071451
core:RetainedEarningsAccumulatedLosses
2023-09-30
4071451
core:MotorVehicles
2023-09-30
4071451
bus:Director1
2022-10-01
2023-09-30
4071451
bus:SmallEntities
2023-10-01
2024-09-30
4071451
bus:AuditExemptWithAccountantsReport
2023-10-01
2024-09-30
4071451
bus:SmallCompaniesRegimeForAccounts
2023-10-01
2024-09-30
4071451
bus:PrivateLimitedCompanyLtd
2023-10-01
2024-09-30
4071451
bus:FullAccounts
2023-10-01
2024-09-30
4071451
bus:OrdinaryShareClass1
2024-09-30
4071451
bus:OrdinaryShareClass1
2023-09-30
4071451
core:PlantMachinery
2023-10-01
2024-09-30
4071451
core:PlantMachinery
2024-09-30
4071451
core:PlantMachinery
2023-09-30
COMPANY REGISTRATION NUMBER:
4071451
|
A J Williams Builders Limited |
|
|
Filleted Unaudited Financial Statements |
|
|
A J Williams Builders Limited |
|
|
Statement of Financial Position |
|
30 September 2024
Fixed assets
|
Tangible assets |
5 |
|
37,521 |
|
44,072 |
|
|
|
|
|
|
Current assets
|
Stocks |
300 |
|
380 |
|
|
Debtors |
6 |
17,458 |
|
555 |
|
|
Cash at bank and in hand |
3,853 |
|
1,960 |
|
|
-------- |
|
------- |
|
|
21,611 |
|
2,895 |
|
|
|
|
|
|
|
|
Creditors: amounts falling due within one year |
7 |
30,426 |
|
19,463 |
|
|
-------- |
|
-------- |
|
|
Net current liabilities |
|
8,815 |
|
16,568 |
|
|
-------- |
|
-------- |
|
Total assets less current liabilities |
|
28,706 |
|
27,504 |
|
|
|
|
|
|
Provisions
|
Taxation including deferred tax |
|
7,128 |
|
9,370 |
|
|
-------- |
|
-------- |
|
Net assets |
|
21,578 |
|
18,134 |
|
|
-------- |
|
-------- |
|
|
|
|
|
Capital and reserves
|
Called up share capital |
8 |
|
100 |
|
100 |
|
Profit and loss account |
|
21,478 |
|
18,034 |
|
|
-------- |
|
-------- |
|
Shareholders funds |
|
21,578 |
|
18,134 |
|
|
-------- |
|
-------- |
|
|
|
|
|
|
In accordance with section 444 of the Companies Act 2006, the statement of income and retained earnings has not been delivered.
For the year ending 30 September 2024 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.
Director's responsibilities:
-
The members have not required the company to obtain an audit of its financial statements for the year in question in accordance with section 476
;
-
The director acknowledges his responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of financial statements
.
These financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime.
|
A J Williams Builders Limited |
|
|
Statement of Financial Position (continued) |
|
30 September 2024
These financial statements were approved by the
board of directors
and authorised for issue on
6 June 2025
, and are signed on behalf of the board by:
Company registration number:
4071451
|
A J Williams Builders Limited |
|
|
Notes to the Financial Statements |
|
Year ended 30 September 2024
1.
General information
The company is a private company limited by shares, registered in England and Wales. The address of the registered office is The Old Emporium, Bow Street, Langport, Somerset, TA10 9PQ.
2.
Statement of compliance
These financial statements have been prepared in compliance with Section 1A of FRS 102, 'The Financial Reporting Standard applicable in the UK and the Republic of Ireland'.
3.
Accounting policies
Basis of preparation
The financial statements have been prepared on the historical cost basis. The financial statements are prepared in sterling, which is the functional currency of the entity.
Going concern
At the year end the company had net current liabilities of £8,815 and is therefore dependent on the continuing financial support of the director to continue trading. There has been no indication from the director that this support will not continue for the foreseeable future and the company is meeting its day to day liabilities as they fall due. The director has reviewed the company's current trading position and believes that it has sufficient resources and is well placed to manage its business risks successfully despite the current economic outlook. After making enquiries, the director has a reasonable expectation that the company has adequate resources to continue in operational existence for the foreseeable future. Accordingly the director continues to adopt the going concern basis in preparing the accounts.
Revenue recognition
Turnover is measured at the fair value of the consideration received or receivable for goods supplied and services rendered, net of discounts and Value Added Tax. Revenue from the sale of goods is recognised when the significant risks and rewards of ownership have transferred to the buyer (usually on despatch of the goods); the amount of revenue can be measured reliably; it is probable that the associated economic benefits will flow to the entity; and the costs incurred or to be incurred in respect of the transactions can be measured reliably.
Income tax
The taxation expense represents the aggregate amount of current and deferred tax recognised in the reporting period. Tax is recognised in profit or loss, except to the extent that it relates to items recognised in other comprehensive income or directly in equity. In this case, tax is recognised in other comprehensive income or directly in equity, respectively. Current tax is recognised on taxable profit for the current and past periods. Current tax is measured at the amounts of tax expected to pay or recover using the tax rates and laws that have been enacted or substantively enacted at the reporting date.
Deferred tax is recognised in respect of all timing differences at the reporting date. Unrelieved tax losses and other deferred tax assets are recognised to the extent that 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 that are expected to apply to the reversal of the timing difference.
Tangible assets
Tangible assets are initially recorded at cost, and subsequently stated at cost less any accumulated depreciation and impairment losses.
Depreciation
Depreciation is calculated so as to write off the cost of an asset, less its residual value, over the useful economic life of that asset as follows:
|
Motor Vehicles |
- |
25% reducing balance |
|
Equipment |
- |
10% reducing balance |
|
|
|
|
Impairment of fixed assets
A review for indicators of impairment is carried out at each reporting date, with the recoverable amount being estimated where such indicators exist. Where the carrying value exceeds the recoverable amount, the asset is impaired accordingly. Prior impairments are also reviewed for possible reversal at each reporting date. For the purposes of impairment testing, when it is not possible to estimate the recoverable amount of an individual asset, an estimate is made of the recoverable amount of the cash-generating unit to which the asset belongs. The cash-generating unit is the smallest identifiable group of assets that includes the asset and generates cash inflows that largely independent of the cash inflows from other assets or groups of assets. For impairment testing of goodwill, the goodwill acquired in a business combination is, from the acquisition date, allocated to each of the cash-generating units that are expected to benefit from the synergies of the combination, irrespective of whether other assets or liabilities of the company are assigned to those units.
Stocks
Stocks are measured at the lower of cost and estimated selling price less costs to complete and sell. Cost includes all costs of purchase, costs of conversion and other costs incurred in bringing the stock to its present location and condition.
Provisions
Provisions are recognised when the entity has an obligation at the reporting date as a result of a past event, it is probable that the entity will be required to transfer economic benefits in settlement and the amount of the obligation can be estimated reliably. Provisions are recognised as a liability in the statement of financial position and the amount of the provision as an expense. Provisions are initially measured at the best estimate of the amount required to settle the obligation at the reporting date and subsequently reviewed at each reporting date and adjusted to reflect the current best estimate of the amount that would be required to settle the obligation. Any adjustments to the amounts previously recognised are recognised in profit or loss unless the provision was originally recognised as part of the cost of an asset. When a provision is measured at the present value of the amount expected to be required to settle the obligation, the unwinding of the discount is recognised as a finance cost in profit or loss in the period it arises.
Financial instruments
Financial liabilities and equity instruments are classified according to the substance of the contractual arrangements entered into. An equity instrument is any contract that evidences a residual interest in the assets of the entity after deducting all of its financial liabilities. Where the contractual obligations of financial instruments (including share capital) are equivalent to a similar debt instrument, those financial instruments are classed as financial liabilities. Financial liabilities are presented as such in the balance sheet. Finance costs and gains or losses relating to financial liabilities are included in the profit and loss account. Finance costs are calculated so as to produce a constant rate of return on the outstanding liability. Where the contractual terms of share capital do not have any terms meeting the definition of a financial liability then this is classed as an equity instrument. Dividends and distributions relating to equity instruments are debited direct to equity.
Defined contribution plans
Contributions to defined contribution plans are recognised as an expense in the period in which the related service is provided. Prepaid contributions are recognised as an asset to the extent that the prepayment will lead to a reduction in future payments or a cash refund. When contributions are not expected to be settled wholly within 12 months of the end of the reporting date in which the employees render the related service, the liability is measured on a discounted present value basis. The unwinding of the discount is recognised as a finance cost in profit or loss in the period in which it arises.
4.
Employee numbers
The average number of persons employed by the company during the year amounted to
2
(2023:
2
).
5.
Tangible assets
|
Motor vehicles |
Equipment |
Total |
|
£ |
£ |
£ |
|
Cost |
|
|
|
|
At 1 October 2023 and 30 September 2024 |
23,250 |
55,893 |
79,143 |
|
-------- |
-------- |
-------- |
|
Depreciation |
|
|
|
|
At 1 October 2023 |
8,957 |
26,114 |
35,071 |
|
Charge for the year |
3,573 |
2,978 |
6,551 |
|
-------- |
-------- |
-------- |
|
At 30 September 2024 |
12,530 |
29,092 |
41,622 |
|
-------- |
-------- |
-------- |
|
Carrying amount |
|
|
|
|
At 30 September 2024 |
10,720 |
26,801 |
37,521 |
|
-------- |
-------- |
-------- |
|
At 30 September 2023 |
14,293 |
29,779 |
44,072 |
|
-------- |
-------- |
-------- |
|
|
|
|
6.
Debtors
|
2024 |
2023 |
|
£ |
£ |
|
Trade debtors |
16,667 |
– |
|
Other debtors |
791 |
555 |
|
-------- |
---- |
|
17,458 |
555 |
|
-------- |
---- |
|
|
|
7.
Creditors:
amounts falling due within one year
|
2024 |
2023 |
|
£ |
£ |
|
Trade creditors |
20,766 |
4,038 |
|
Corporation tax |
3,648 |
6,412 |
|
Social security and other taxes |
2,535 |
3,694 |
|
Other creditors |
3,477 |
5,319 |
|
-------- |
-------- |
|
30,426 |
19,463 |
|
-------- |
-------- |
|
|
|
8.
Called up share capital
Issued, called up and fully paid
|
2024 |
2023 |
|
No. |
£ |
No. |
£ |
|
Ordinary shares of £ 1 each |
100 |
100 |
100 |
100 |
|
---- |
---- |
---- |
---- |
|
|
|
|
|
9.
Director's advances, credits and guarantees
During the year the director entered into the following advances and credits with the company:
|
2024 |
|
|
Balance brought forward |
Advances/ (credits) to the director |
Amounts repaid |
Balance outstanding |
|
|
£ |
£ |
£ |
£ |
|
Mr A J Williams |
– |
5,083 |
(
5,083) |
– |
|
|
---- |
------- |
------- |
---- |
|
|
|
|
|
|
|
2023 |
|
|
Balance brought forward |
Advances/ (credits) to the director |
Amounts repaid |
Balance outstanding |
|
|
£ |
£ |
£ |
£ |
|
Mr A J Williams |
– |
10,090 |
(
10,090) |
– |
|
|
---- |
-------- |
-------- |
---- |
|
|
|
|
|
|
Amounts advanced to the director are repayable on demand. No interest is charged on the amounts advanced.