Company Registration No. 02596116 (England and Wales)
William Corbett & Co. Limited
Filleted accounts
for the year ended 31 March 2025
William Corbett & Co. Limited
Filleted accounts
Contents
William Corbett & Co. Limited
Statement of financial position
as at 31 March 2025
Tangible assets
897,206
958,966
Cash at bank and in hand
2,299,192
1,732,090
Creditors: amounts falling due within one year
-
(120,056)
Net current assets
2,308,188
2,824,573
Net assets
3,205,394
3,783,539
Called up share capital
10,761
10,761
Revaluation reserve
786,500
786,500
Profit and loss account
2,408,133
2,986,278
Shareholders' funds
3,205,394
3,783,539
For the year ending 31 March 2025 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies. The members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.
The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.
These accounts have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies' regime and in accordance with the provisions of FRS 102 Section 1A - Small Entities. The profit and loss account has not been delivered to the Registrar of Companies.
The financial statements were approved by the Board of Directors and authorised for issue on 30 May 2025 and were signed on its behalf by
Mr J Jennings
Director
Company Registration No. 02596116
William Corbett & Co. Limited
Notes to the Accounts
for the year ended 31 March 2025
William Corbett & Co. Limited is a private company, limited by shares, registered in England and Wales, registration number 02596116. The registered office is PANTYFFYNNON, AMMANFORD, CARMARTHENSHIRE, SA18 3HN.
2
Compliance with accounting standards
The accounts have been prepared in accordance with the provisions of FRS 102 Section 1A Small Entities. There were no material departures from that standard.
The principal accounting policies adopted in the preparation of the financial statements are set out below and have remained unchanged from the previous year, and also have been consistently applied within the same accounts.
The accounts have been prepared under the historical cost convention as modified by the revaluation of certain fixed assets.
The accounts are presented in £ sterling.
Tangible fixed assets and depreciation
Tangible assets are included at cost less depreciation and impairment. Depreciation has been provided at the following rates in order to write off the assets over their estimated useful lives:
Land & buildings
over 50 years
Plant & machinery
5%-25% written down value and 25%-33% straight line
4
Tangible fixed assets
Land & buildings
Plant & machinery
Total
Cost or valuation
At cost
At cost
At 1 April 2024
1,166,514
1,145,352
2,311,866
Disposals
-
(1,145,352)
(1,145,352)
At 31 March 2025
1,166,514
-
1,166,514
At 1 April 2024
269,308
1,083,592
1,352,900
On disposals
-
(1,083,592)
(1,083,592)
At 31 March 2025
269,308
-
269,308
At 31 March 2025
897,206
-
897,206
At 31 March 2024
897,206
61,760
958,966
William Corbett & Co. Limited
Notes to the Accounts
for the year ended 31 March 2025
Amounts falling due within one year
Accrued income and prepayments
-
26,618
6
Creditors: amounts falling due within one year
2025
2024
Taxes and social security
-
10,736
7
Average number of employees
During the year the average number of employees was 4 (2024: 6).