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REGISTERED NUMBER: 02291321 (England and Wales)






























UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 OCTOBER 2024

FOR

WILLIAMS BUILDERS LIMITED

WILLIAMS BUILDERS LIMITED (REGISTERED NUMBER: 02291321)

CONTENTS OF THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 OCTOBER 2024










Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


WILLIAMS BUILDERS LIMITED

COMPANY INFORMATION
FOR THE YEAR ENDED 31 OCTOBER 2024







DIRECTORS: Mr P Williams
Mrs SM Williams
Mr SP Williams
Mrs AM Anderson





SECRETARY: Mrs SM Williams





REGISTERED OFFICE: 33 Leicester Road
Anstey
Leicester
LE7 7AT





REGISTERED NUMBER: 02291321 (England and Wales)

WILLIAMS BUILDERS LIMITED (REGISTERED NUMBER: 02291321)

BALANCE SHEET
31 OCTOBER 2024

2024 2023
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 87,795 108,236

CURRENT ASSETS
Stocks 5 3,862,108 3,950,423
Debtors 6 57,062 18,491
Cash at bank and in hand 236,697 17,424
4,155,867 3,986,338
CREDITORS
Amounts falling due within one year 7 971,276 1,495,698
NET CURRENT ASSETS 3,184,591 2,490,640
TOTAL ASSETS LESS CURRENT
LIABILITIES

3,272,386

2,598,876

CREDITORS
Amounts falling due after more than one year 8 (797,905 ) (29,604 )

PROVISIONS FOR LIABILITIES (13,629 ) (21,135 )
NET ASSETS 2,460,852 2,548,137

CAPITAL AND RESERVES
Called up share capital 100,000 100,000
Retained earnings 10 2,360,852 2,448,137
SHAREHOLDERS' FUNDS 2,460,852 2,548,137

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 October 2024.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 October 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.

WILLIAMS BUILDERS LIMITED (REGISTERED NUMBER: 02291321)

BALANCE SHEET - continued
31 OCTOBER 2024


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 15 July 2025 and were signed on its behalf by:





Mr P Williams - Director


WILLIAMS BUILDERS LIMITED (REGISTERED NUMBER: 02291321)

NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 OCTOBER 2024


1. STATUTORY INFORMATION

Williams Builders 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
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 represents funds received from sales of properties and is recognised on completion. Rental income from properties is recognised for the period to which it relates and is invoiced in advance and adjusted for in deferred income.

Tangible fixed assets
Tangible fixed assets under the cost model are stated at historical cost less accumulated depreciation and any accumulated impairment losses. Historical cost includes expenditure that is directly attributable to bringing the asset to the location and condition necessary for it to be capable of operating in the manner intended by management.

Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.

Plant and machinery - 25% on reducing balance
Fixtures and fittings - 15% on reducing balance
Motor vehicles - 25% on reducing balance

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

Cost includes all direct expenditure and an appropriate proportion of fixed and variable 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 balance sheet date.


WILLIAMS BUILDERS LIMITED (REGISTERED NUMBER: 02291321)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 OCTOBER 2024


2. ACCOUNTING POLICIES - continued
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.

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.

Creditors
Short term trade creditors are measured at the transaction price. Other financial liabilities, including bank loans, are measured initially at fair value, net of transaction costs, and are measured subsequently at amortised cost using the effective interest method.

Debtors
Short term debtors are measured at transaction price, less any impairment. Loans receivable are measured
initially at fair value, net of transaction costs, and are measured subsequently at amortised cost using the effective interest method, less any impairment.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 7 (2023 - 11 ) .

WILLIAMS BUILDERS LIMITED (REGISTERED NUMBER: 02291321)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 OCTOBER 2024


4. TANGIBLE FIXED ASSETS
Fixtures
Plant and and Motor
machinery fittings vehicles Totals
£    £    £    £   
COST
At 1 November 2023 269,000 49,706 36,458 355,164
Additions - - 11,000 11,000
Disposals (1,833 ) - - (1,833 )
At 31 October 2024 267,167 49,706 47,458 364,331
DEPRECIATION
At 1 November 2023 175,459 47,272 24,197 246,928
Charge for year 27,236 366 3,066 30,668
Eliminated on disposal (1,060 ) - - (1,060 )
At 31 October 2024 201,635 47,638 27,263 276,536
NET BOOK VALUE
At 31 October 2024 65,532 2,068 20,195 87,795
At 31 October 2023 93,541 2,434 12,261 108,236

5. STOCKS
2024 2023
£    £   
Work-in-progress 3,862,108 3,950,423

6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Trade debtors - 4,032
Other debtors 57,062 14,459
57,062 18,491

WILLIAMS BUILDERS LIMITED (REGISTERED NUMBER: 02291321)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 OCTOBER 2024


7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Bank loans and overdrafts 10,340 10,085
Hire purchase contracts 11,623 11,623
Trade creditors 199,346 63,446
Amounts owed to group undertakings 438,402 671,244
Taxation and social security 13,139 315,487
Other creditors 298,426 423,813
971,276 1,495,698

8. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
2024 2023
£    £   
Bank loans 797,182 17,257
Hire purchase contracts 723 12,347
797,905 29,604

9. SECURED DEBTS

The following secured debts are included within creditors:

2024 2023
£    £   
Hire purchase contracts 12,347 23,970
Bank loan 790,228 -
802,575 23,970

Hire purchase liabilities are secured on the assets to which they relate.

10. RESERVES
Retained
earnings
£   

At 1 November 2023 2,448,137
Deficit for the year (87,285 )
At 31 October 2024 2,360,852

WILLIAMS BUILDERS LIMITED (REGISTERED NUMBER: 02291321)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 OCTOBER 2024


11. RELATED PARTY DISCLOSURES

At the end of the period an amount of £32,288 (2023 - £56,575 credit balance) was owed by the directors to the company.

No interest was charged on the above balances.

12. ULTIMATE PARENT UNDERTAKING

The company's immediate parent undertaking is Williams Builders Holdings Limited. The registered office address and the principal place of business of Williams Builders Holdings Limited is 33 Leicester Road, Anstey, Leicester, United Kingdom, LE7 7AT.

The company is the subsidiary undertaking of a small group and as such is not required by the Companies Act 2006 to prepare group accounts.