Registered number
06691886
Renshaw Williams & Co Ltd
Unaudited Filleted Accounts
31 October 2024
Renshaw Williams & Co Ltd
Registered number: 06691886
Balance Sheet
as at 31 October 2024
Notes 2024 2023
£ £
Fixed assets
Tangible assets 3 601 452
Current assets
Debtors 4 69,979 92,782
Cash at bank and in hand 152,217 137,077
222,196 229,859
Creditors: amounts falling due within one year 5 (4,408) (17,976)
Net current assets 217,788 211,883
Net assets 218,389 212,335
Capital and reserves
Called up share capital 20,000 20,000
Profit and loss account 198,389 192,335
Shareholder's funds 218,389 212,335
The director is satisfied that the company is entitled to exemption from the requirement to obtain an audit under section 477 of the Companies Act 2006.
The member has not required the company to obtain an audit in accordance with section 476 of the Act.
The director acknowledges her responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of accounts.
The accounts have been prepared and delivered in accordance with the special provisions applicable to companies subject to the small companies regime. The profit and loss account has not been delivered to the Registrar of Companies.
E A Pollitt
Director
Approved by the board on 29 July 2025
Notes to the Accounts
for the year ended 31 October 2024
1 Accounting policies
Basis of preparation
The accounts have been prepared under the historical cost convention and in accordance with FRS 102, The Financial Reporting Standard applicable in the UK and Republic of Ireland (as applied to small entities by section 1A of the standard).
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 from the sale of goods is recognised when the significant risks and rewards of ownership of the goods have transferred to the buyer. 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.
Intangible fixed assets
Intangible fixed assets are measured at cost less accumulative amortisation and any accumulative impairment losses.
Tangible fixed assets
Tangible fixed assets are measured at cost less accumulative depreciation and any accumulative impairment losses. Depreciation is provided on all tangible fixed assets, other than freehold land, at rates calculated to write off the cost, less estimated residual value, of each asset evenly over its expected useful life, as follows:
Plant and machinery over 5 years
Debtors
Short term debtors are measured at transaction price (which is usually the invoice price), less any impairment losses for bad and doubtful debts. Loans and other financial assets are initially recognised at transaction price including any transaction costs and subsequently measured at amortised cost determined using the effective interest method, less any impairment losses for bad and doubtful debts.
Creditors
Short term creditors are measured at transaction price (which is usually the invoice price). Loans and other financial liabilities are initially recognised at transaction price net of any transaction costs and subsequently measured at amortised cost determined using the effective interest method.
Taxation
A current tax liability is recognised for the tax payable on the taxable profit of the current and past periods. A current tax asset is recognised in respect of a tax loss that can be carried back to recover tax paid in a previous period. Deferred tax is recognised in respect of all timing differences between the recognition of income and expenses in the financial statements and their inclusion in tax assessments. 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. Deferred tax is measured using the tax rates and laws that have been enacted or substantively enacted by the reporting date and that are expected to apply to the reversal of the timing difference, except for revalued land and investment property where the tax rate that applies to the sale of the asset is used. Current and deferred tax assets and liabilities are not discounted.
Pensions
Contributions to defined contribution plans are expensed in the period to which they relate.
2 Employees 2024 2023
Number Number
Average number of persons employed by the company 5 4
3 Tangible fixed assets
Plant and machinery etc
£
Cost
At 1 November 2023 34,574
Additions 750
At 31 October 2024 35,324
Depreciation
At 1 November 2023 34,122
Charge for the year 601
At 31 October 2024 34,723
Net book value
At 31 October 2024 601
At 31 October 2023 452
4 Debtors 2024 2023
£ £
Trade debtors 30,541 51,554
Amounts owed by group undertakings and undertakings in which the company has a participating interest 34,343 34,309
Deferred tax asset 113 85
Other debtors - director 4,982 6,254
Other debtors - staff loan - 580
69,979 92,782
5 Creditors: amounts falling due within one year 2024 2023
£ £
Trade creditors 2,280 4,780
Taxation and social security costs 2,128 13,196
4,408 17,976
6 Controlling party
The company is a wholly owned subsidiary of Renshaw Williams Holdings Limited. E A Pollitt holds 100% of the share capital of the holding company. Renshaw Williams Holdings Limited charged £65,600 management fees to the company in the year.
7 Other information
Renshaw Williams & Co Ltd is a private company limited by shares and incorporated in England. Its registered office is:
Great Moor House
2 Fence Street
Great Moor
Stockport
SK2 7HP
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