WILLIAMS BAIN LIMITED


Directors	KITCHEN, Mark
	KITCHEN, Toni Gail


Registered Address	124 City Road
	London
	EC1V 2NX


Registered Number	08001329 (England and Wales)

Statement of Financial Position
31 March 2025

	Notes	2025		2024
		£	£	£	£
Fixed assets
Tangible assets	4		532		567
			532		567
Current assets
Debtors	5	84,509		97,833
Cash at bank and on hand		105,711		258,441
		190,220		356,274
Creditors amounts falling due within one year	6	(128,738)		(301,038)
Net current assets (liabilities)			61,482		55,236
Total assets less current liabilities			62,014		55,803
Creditors amounts falling due after one year	7		(26,250)		(31,250)
Net assets			35,764		24,553
Capital and reserves
Called up share capital			220		220
Profit and loss account			35,544		24,333
Shareholders' funds			35,764		24,553

The company was entitled to exemption from audit for this reporting period 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 in accordance with the provisions applicable to companies subject to the small companies regime.
The directors have chosen to not file a copy of the company’s profit and loss account under section 444 (5A) Companies Act 2006.

The financial statements were approved and authorised for issue by the Board of Directors on 6 August 2025, and are signed on its behalf by:

KITCHEN, Mark
Director
Registered Company No. 08001329

WILLIAMS BAIN LIMITED

Notes to the Financial Statements
for the year ended 31 March 2025

1.	Accounting policies

	Statutory information
	The company is a private company limited by shares and registered in England and Wales. The company's registered number and registered office address can be found on the Company Information page.

	Statement of compliance
	The financial statements have been prepared in compliance with FRS 102 Section 1A as it applies to the financial statements for the period and there were no material departures from the reporting standard.

	Revenue from sale of goods
	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.

Revenue from sale of goods

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.

	Employee benefits
	Contributions to defined contribution plans are expensed in the period to which they relate.

	Foreign currency translation
	Transactions in foreign currencies are initially recognised at the rate of exchange ruling at the date of the transaction. At the end of each reporting period foreign currency monetary items are translated at the closing rate of exchange. Non-monetary items that are measured at historical cost are translated at the rate ruling at the date of the transaction. All differences are charged to profit or loss.

Foreign currency translation

Transactions in foreign currencies are initially recognised at the rate of exchange ruling at the date of the transaction. At the end of each reporting period foreign currency monetary items are translated at the closing rate of exchange. Non-monetary items that are measured at historical cost are translated at the rate ruling at the date of the transaction. All differences are charged to profit or loss.

	Intangible assets
	Goodwill, being the amount paid in connection with the acquisition of a business in 2012, is being amortised evenly over its estimated useful life.

	Tangible fixed assets and depreciation
	Tangible fixed assets are stated at cost or valuation less depreciation. Depreciation is provided on all tangible fixed assets as follows:

2.	Average number of employees


		2025		2024
	Average number of employees during the year	3		3

3.	Intangible assets

4.	Tangible fixed assets

	Plant & machinery	Office Equipment	Total
	£	£	£
Cost or valuation
At 01 April 24	-	1,135	1,135
Additions	-	751	751
At 31 March 25	-	1,886	1,886
Depreciation and impairment
At 01 April 24	-	568	568
Charge for year	786	-	786
At 31 March 25	786	568	1,354
Net book value
At 31 March 25	(786)	1,318	532
At 31 March 24	-	567	567

5.	Debtors: amounts due within one year

	2025	2024
	£	£
Trade debtors / trade receivables	78,329	96,589
Other debtors	6,180	1,244
Total	84,509	97,833


	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.

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.

6.	Creditors: amounts due within one year

	2025	2024
	£	£
Trade creditors / trade payables	95,999	11,599
Bank borrowings and overdrafts	5,061	5,000
Amounts owed to related parties	17,275	202,362
Taxation and social security	9,122	70,060
Other creditors	82	10,817
Accrued liabilities and deferred income	1,199	1,200
Total	128,738	301,038


	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.

7.	Creditors: amounts due after one year

	2025	2024
	£	£
Bank borrowings and overdrafts	26,250	31,250
Total	26,250	31,250