REGISTERED NUMBER: 00070718 (England and Wales)

Unaudited Financial Statements for the Year Ended 30 June 2025

for

Henry Willis & Sons, Limited

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

4

DIRECTORS:

J Bowden

Dr D G G Wyld

SECRETARY:

J Bowden

REGISTERED OFFICE:

72 St Anne Street

Liverpool

Merseyside

L3 3DY

REGISTERED NUMBER:

00070718 (England and Wales)

ACCOUNTANTS:

Lerman Quaile

1 Mortimer Street

Birkenhead

Merseyside

CH41 5EU

FIXED ASSETS

Tangible assets

4

586,645

674,001

CURRENT ASSETS

Stocks

96,734

123,998

Debtors

5

51,282

68,923

Cash at bank and in hand

5,180

2,794

153,196

195,715

CREDITORS

Amounts falling due within one year

6

329,615

590,360

NET CURRENT LIABILITIES

(176,419

)

(394,645

)

TOTAL ASSETS LESS CURRENT LIABILITIES

410,226

279,356

CREDITORS

Amounts falling due after more than one year

7

(6,667

)

(292,709

)

PROVISIONS FOR LIABILITIES

-

(2,685

)

NET ASSETS/(LIABILITIES)

403,559

(16,038

)

CAPITAL AND RESERVES

Called up share capital

66,580

66,580

Share premium

93,002

93,002

Fair value reserve

9

381,582

207,713

Retained earnings

(137,605

)

(383,333

)

403,559

(16,038

)

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 30 June 2025.

The members have not required the company to obtain an audit of its financial statements for the year ended 30 June 2025 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.

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 1 September 2025 and were signed on its behalf by:

J Bowden - Director

1.	STATUTORY INFORMATION

Henry Willis & Sons, 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.

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 as modified by the revaluation of certain assets.

Going concern

The financial statements are prepared on the going concern basis which the directors consider appropriate in view of the sale of a building post year end and the continued support of the company bankers, directors and shareholders.

Turnover

Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes.

Tangible fixed assets

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

Land and buildings

-

2% on cost

Plant and machinery etc

-

33% on reducing balance, 25% on reducing balance, 10% on reducing balance and 5% 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 is calculated using the first-in, first-out method and includes all purchase, transport, and handling costs in bringing stocks to their present location and condition.

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.

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.

3.	EMPLOYEES AND DIRECTORS

The average number of employees during the year was 10 (2024 - 10 ) .

4.	TANGIBLE FIXED ASSETS

Fixtures

Freehold

Plant and

and

property

machinery

fittings

£

£

£

COST OR VALUATION

At 1 July 2024

750,000

45,615

11,896

Additions

-

1,441

-

Disposals

(459,225

)

-

-

Revaluations

309,225

-

-

At 30 June 2025

600,000

47,056

11,896

DEPRECIATION

At 1 July 2024

94,500

32,846

8,254

Charge for year

10,500

1,421

182

Eliminated on disposal

(64,300

)

-

-

At 30 June 2025

40,700

34,267

8,436

NET BOOK VALUE

At 30 June 2025

559,300

12,789

3,460

At 30 June 2024

655,500

12,769

3,642

Motor

Computer

vehicles

equipment

Totals

£

£

£

COST OR VALUATION

At 1 July 2024

40,212

8,450

856,173

Additions

14,000

-

15,441

Disposals

(7,850

)

-

(467,075

)

Revaluations

-

-

309,225

At 30 June 2025

46,362

8,450

713,764

DEPRECIATION

At 1 July 2024

38,225

8,347

182,172

Charge for year

3,997

15

16,115

Eliminated on disposal

(6,868

)

-

(71,168

)

At 30 June 2025

35,354

8,362

127,119

NET BOOK VALUE

At 30 June 2025

11,008

88

586,645

At 30 June 2024

1,987

103

674,001

The property 72 St Anne street was revalued at 30.06.25 by the directors at a value of £600,000.

5.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

30.6.25

30.6.24

£

£

Trade debtors

48,961

68,630

Other debtors

2,321

293

51,282

68,923

6.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

30.6.25

30.6.24

£

£

Bank loans and overdrafts

9,994

20,488

Trade creditors

5,295

14,917

Taxation and social security

109,726

125,452

Other creditors

204,600

429,503

329,615

590,360

7.

CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR

30.6.25

30.6.24

£

£

Bank loans

6,667

292,709

30.6.25

30.6.24

£

£

Amounts falling due in more than five years:

Repayable by instalments

Bank loans more 5 yr by instal

-

223,020

8.	SECURED DEBTS

The following secured debts are included within creditors:

30.6.25

30.6.24

£

£

Bank loans

16,661

313,197

The bank loan is secured on the freehold property.

The company is repaying a loan granted under the Bounce Back Loan Scheme. In the event of default by the company, repayment of the loan and interest is guaranteed by the UK government.

9.

RESERVES

Fair

value

reserve

£

At 1 July 2024

207,713

Transfer from reserves

(135,356

)

No description

309,225

At 30 June 2025

381,582