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Registered number: 04621569
Watkin & Williams Limited
Unaudited Financial Statements
For The Year Ended 31 March 2025
Hudson LM Limited
Castle Court
Castle Street
Whittington, Oswestry
Shropshire
SY11 4DF
Contents
Page
Balance Sheet 1—2
Notes to the Financial Statements 3—6
Page 1
Balance Sheet
Registered number: 04621569
2025 2024
Notes £ £ £ £
FIXED ASSETS
Tangible Assets 4 369,303 371,626
369,303 371,626
CURRENT ASSETS
Stocks 5 75,459 80,165
Debtors 6 16,789 8,734
Cash at bank and in hand 48,279 67,241
140,527 156,140
Creditors: Amounts Falling Due Within One Year 7 (55,030 ) (74,296 )
NET CURRENT ASSETS (LIABILITIES) 85,497 81,844
TOTAL ASSETS LESS CURRENT LIABILITIES 454,800 453,470
Creditors: Amounts Falling Due After More Than One Year 8 (122,381 ) (139,763 )
PROVISIONS FOR LIABILITIES
Deferred Taxation (4,305 ) -
NET ASSETS 328,114 313,707
CAPITAL AND RESERVES
Called up share capital 9 6 4
Profit and Loss Account 328,108 313,703
SHAREHOLDERS' FUNDS 328,114 313,707
Page 1
Page 2
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.
The company has taken advantage of section 444(1) of the Companies Act 2006 and opted not to deliver to the registrar a copy of the company's Profit and Loss Account.
On behalf of the board
Mr Graeme Smith
Director
14 July 2025
The notes on pages 3 to 6 form part of these financial statements.
Page 2
Page 3
Notes to the Financial Statements
1. General Information
Watkin & Williams Limited is a private company, limited by shares, incorporated in England & Wales, registered number 04621569 . The registered office is 6 Berwyn Street, Llangollen , LL20 8ND.
2. Accounting Policies
2.1. Basis of Preparation of Financial Statements
The financial statements have been prepared under the historical cost convention and in accordance with Financial Reporting Standard 102 section 1A Small Entities "The Financial Reporting Standard applicable in the UK and Republic of Ireland" and the Companies Act 2006.
2.2. Turnover
Turnover is measured at the fair value of the consideration received or receivable, net of discounts and value added taxes. Turnover includes revenue earned from the sale of goods and from the rendering of services. Turnover is reduced for estimated customer returns, rebates and other similar allowances.
Sale of goods
Turnover from the sale of goods is recognised when the significant risks and rewards of ownership of the goods has transferred to the buyer. This is usually at the point that the customer has signed for the delivery of the goods.
Rendering of services
Turnover from the rendering of services is recognised by reference to the stage of completion of the contract. The stage of completion of a contract is measured by comparing the costs incurred for work performed to date to the total estimated contract costs. Turnover is only recognised to the extent of recoverable expenses when the outcome of a contract cannot be estimated reliably.
2.3. Tangible Fixed Assets and Depreciation
Tangible fixed assets are measured at cost less accumulated depreciation and any accumulated impairment losses. Depreciation is provided at rates calculated to write off the cost of the fixed assets, less their estimated residual value, over their expected useful lives on the following bases:
Freehold Nil %
Leasehold Nil %
Plant & Machinery 15 % Reducing balance
Motor Vehicles 25 % Reducing balance
Fixtures & Fittings 15 % Reducing Balance
Computer Equipment 33 % Reducing balance
2.4. Stocks and Work in Progress
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 stocks. Cost includes all direct costs and an appropriate proportion of fixed and variable overheads. Work-in-progress is reflected in the accounts on a contract by contract basis by recording turnover and related costs as contract activity progresses.
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2.5. Taxation
Income tax expense represents the sum of the tax currently payable and deferred tax.
The tax currently payable is based on taxable profit for the year. Taxable profit differs from profit as reported in the statement of comprehensive income because of items of income or expense that are taxable or deductible in other years and items that are never taxable or deductible. The company's liability for current tax is calculated using tax rates that have been enacted or substantively enacted by the end of the reporting period.
Deferred tax is recognised on timing differences between the carrying amounts of assets and liabilities in the financial statements and the corresponding tax bases used in the computation of taxable profit. Deferred tax liabilities are generally recognised for all taxable timing differences. Deferred tax assets are generally recognised for all deductible temporary differences to the extent that it is probable that taxable profits will be available against which those deductible timing differences can be utilised. The carrying amount of deferred tax assets is reviewed at the end of each reporting period and reduced to the extent that it is no longer probable that sufficient taxable profits will be available to allow all or part of the asset to be recovered.
Deferred tax assets and liabilities are measured at the tax rates that are expected to apply in the period in which the liability is settled or the asset realised, based on tax rates (and tax laws) that have been enacted or substantively enacted by the end of the reporting period. Deferred tax liabilities are presented within provisions for liabilities and deferred tax assets within debtors. The measurement of deferred tax liabilities and assets reflect the tax consequences that would follow from the manner in which the Company expects, at the end of the reporting period, to recover or settle the carrying amount of its assets and liabilities.
Current and deferred tax are recognised in profit or loss for the year, except when they relate to items that are recognised in other comprehensive income or directly in equity, in which case current and deferred tax are recognised in other comprehensive income or directly in equity respectively.
3. Average Number of Employees
Average number of employees, including directors, during the year was: 6 (2024: 7)
6 7
4. Tangible Assets
Land & Property
Freehold Plant & Machinery Motor Vehicles Fixtures & Fittings
£ £ £ £
Cost
As at 1 April 2024 352,083 46,258 14,450 28,708
Additions - 649 - 217
As at 31 March 2025 352,083 46,907 14,450 28,925
Depreciation
As at 1 April 2024 - 37,265 11,878 22,644
Provided during the period - 1,446 643 939
As at 31 March 2025 - 38,711 12,521 23,583
Net Book Value
As at 31 March 2025 352,083 8,196 1,929 5,342
As at 1 April 2024 352,083 8,993 2,572 6,064
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Page 5
Computer Equipment Total
£ £
Cost
As at 1 April 2024 21,534 463,033
Additions 703 1,569
As at 31 March 2025 22,237 464,602
Depreciation
As at 1 April 2024 19,620 91,407
Provided during the period 864 3,892
As at 31 March 2025 20,484 95,299
Net Book Value
As at 31 March 2025 1,753 369,303
As at 1 April 2024 1,914 371,626
5. Stocks
2025 2024
£ £
Stock 75,459 80,165
6. Debtors
2025 2024
£ £
Due within one year
Trade debtors 9,088 8,222
Other debtors 7,701 512
16,789 8,734
7. Creditors: Amounts Falling Due Within One Year
2025 2024
£ £
Trade creditors 18,515 27,279
Bank loans and overdrafts 423 404
Other loans 17,304 17,306
Other creditors 679 5,977
Taxation and social security 18,109 23,330
55,030 74,296
Page 5
Page 6
8. Creditors: Amounts Falling Due After More Than One Year
2025 2024
£ £
Other loans 122,381 139,763
9. Share Capital
2025 2024
£ £
Allotted, Called up and fully paid 6 4
Page 6