REGISTERED NUMBER: 02936288 (England and Wales)

WILLIAMS LESTER LIMITED

UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 DECEMBER 2024

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

4

DIRECTORS:

S D J V Johnson

J Green

Ms L A Sumner

REGISTERED OFFICE:

2nd Floor

1 Star Lane

Ringwood

Hampshire

BH24 1AL

REGISTERED NUMBER:

02936288 (England and Wales)

ACCOUNTANTS:

Hopper Williams & Bell Limited

Chartered Accountants

Highland House

Mayflower Close

Chandler's Ford

Eastleigh

Hampshire

SO53 4AR

BANKERS:

Lloyds Bank plc

101 High Street

Poole

Dorset

BH15 1AJ

FIXED ASSETS

Tangible assets

4

6,039

10,733

CURRENT ASSETS

Debtors

5

64,288

34,572

Cash at bank

56,041

137,979

120,329

172,551

CREDITORS

Amounts falling due within one year

6

(101,748

)

(120,249

)

NET CURRENT ASSETS

18,581

52,302

TOTAL ASSETS LESS CURRENT LIABILITIES

24,620

63,035

CREDITORS

Amounts falling due after more than one year

7

(8,127

)

(24,382

)

PROVISIONS FOR LIABILITIES

(947

)

(2,361

)

NET ASSETS

15,546

36,292

CAPITAL AND RESERVES

Called up share capital

1,000

1,000

Retained earnings

14,546

35,292

SHAREHOLDERS' FUNDS

15,546

36,292

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

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

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 Statement of Income and Retained Earnings has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 5 September 2025 and were signed on its behalf by:

S D J V Johnson - Director

1.	STATUTORY INFORMATION

Williams Lester 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 "The Financial Reporting Standards applicable in the UK and Republic of Ireland" ("FRS 102") and the requirements of the Companies Act 2006 as applicable to companies subject to the small companies regime.

The disclosure requirements of section 1A of FRS 102 have been applied other than where additional disclosure is required to show a true and far view.

The financial statements are prepared in sterling, which is the functional currency of the company. Monetary amounts in these financial statements are rounded to the nearest £1.

The financial statements have been prepared under the historical cost convention, modified to include certain financial instruments at fair value. The principal accounting policies adopted are set out below.

Turnover

Turnover represents the amount derived from the provision of services falling within the company's activities after deduction of value added tax, together with revenue being recognised as project activity progresses to reflect the seller's partial performance of its contractual obligations. Where turnover has been invoiced in advance, the relevant amount has been excluded from turnover and included as deferred income in other creditors.

Tangible fixed assets

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

Fixtures and fittings

-

20% Reducing balance

Computer equipment

-

Straight line over 3 years

The profit or loss arising on the disposal of an asset is determined as the difference between the sale proceeds and the carrying value of the asset and is recognised in the income statement.

Taxation

Taxation for the year comprises current and deferred tax. Tax is recognised in the Statement of Income and Retained Earnings, 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.

Financial assets

The Company has elected to apply the provision of Section 11 'Basic Financial Instruments' and Section 12 'Other Financial Instruments Issues' of FRS 102 to all of its financial instruments.

Financial assets are recognised in the company's statement of financial position when the company becomes party to the contractual provisions of the instrument.

Basic financial assets, which include trade and other receivables and cash and bank balances are initially measured at transaction price including transaction costs and are subsequently carried at amortised cost using the effective interest method, unless the arrangement constitutes a financial transaction, where the transaction is measured at the present value of the future receipts discounted at a market rate of interest.

Financial liabilities

Basic financial liabilities which include trade and other payables, are initially measured at transaction price and subsequently measured at amortised cost, unless the arrangement constitutes a financing transaction where the debt instrument is measured at the present value of the future receipts discounted at a market rate of interest.

Equity instruments

Equity instruments issued by the company are recorded at the fair value of the proceeds received net of direct issue costs. Dividend's payable on equity instruments are recognised as liabilities once they are no longer at the discretion of the company.

3.	EMPLOYEES AND DIRECTORS

The average number of employees during the year was 10 (2023 - 11 ) .

4.	TANGIBLE FIXED ASSETS

Fixtures

and

Computer

fittings

equipment

Totals

£

£

£

COST

At 1 January 2024

8,482

21,707

30,189

Disposals

(385

)

(5,423

)

(5,808

)

At 31 December 2024

8,097

16,284

24,381

DEPRECIATION

At 1 January 2024

4,774

14,682

19,456

Charge for year

741

3,857

4,598

Eliminated on disposal

(289

)

(5,423

)

(5,712

)

At 31 December 2024

5,226

13,116

18,342

NET BOOK VALUE

At 31 December 2024

2,871

3,168

6,039

At 31 December 2023

3,708

7,025

10,733

5.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2024

2023

£

£

Trade debtors

45,158

23,590

Other debtors

19,130

10,982

64,288

34,572

6.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2024

2023

£

£

Bank loans and overdrafts

16,255

16,255

Trade creditors

21,918

11,305

Taxation and social security

52,031

79,116

Other creditors

11,544

13,573

101,748

120,249

7.

CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR

2024

2023

£

£

Bank loans

8,127

24,382

8.	LEASING AGREEMENTS

At the balance sheet date, the company had future commitments under operating leases totalling £28,800 (2023: £8,800).

9.	SECURED DEBTS

The following secured debts are included within creditors:

2024

2023

£

£

Bank loans

24,382

40,637

Bank loans are secured by way of a fixed and floating charge over the company's assets.

10.	ULTIMATE PARENT COMPANY

Williams Lester (Holdings) Limited is regarded by the directors as being the company's ultimate parent company by virtue of its 100% shareholding of the company's issued share capital. The accounts are available from its registered office, 2nd Floor 1 Star Lane, Ringwood, Hampshire, BH24 1AL.