Williams Sealants Limited

	Page
Balance Sheet	1—2
Notes to the Financial Statements	3—5

Registered number: 03628727

		2024		2023
	Notes	£	£	£	£
FIXED ASSETS
Tangible Assets	4		-		266

			-		266
CURRENT ASSETS
Debtors	5	233,100		233,100
Cash at bank and in hand		9,967		9,967

		243,067		243,067
Creditors: Amounts Falling Due Within One Year	6	(188,783 )		(188,783 )

NET CURRENT ASSETS (LIABILITIES)			54,284		54,284

TOTAL ASSETS LESS CURRENT LIABILITIES			54,284		54,550

NET ASSETS			54,284		54,550

CAPITAL AND RESERVES
Called up share capital	7		2		2
Profit and Loss Account			54,282		54,548

SHAREHOLDERS' FUNDS			54,284		54,550

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Williams Sealants Limited

Balance Sheet (continued)

As At 30 September 2024

For the year ending 30 September 2024 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

The member has not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.

The director acknowledges his 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 D C Williams

Director

10 September 2025

The notes on pages 3 to 5 form part of these financial statements.

1. General Information

Williams Sealants Limited is a private company, limited by shares, incorporated in England & Wales, registered number 03628727 . The registered office is Ginger House, Horne Road, Ilfracombe, Devon, EX34 8HD.

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. 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:

Plant & Machinery	25% on cost
Motor Vehicles	25% on cost
Fixtures & Fittings	25% on cost
Computer Equipment	25% on cost

2.3. Financial Instruments

The Company only enters into basic financial instruments transactions that result in the recognition of financial assets and liabilities like trade and other debtors and creditors, loans from banks and other third parties, loans to related parties and investments in non-puttable ordinary shares.

2.3.1 Debtors

Short term debtors are measured at transaction price, less any impairment.

2.3.2 Cash and cash equivalents

Cash is represented by cash in hand and deposits with financial institutions repayable without penalty on notice of not more than 24 hours. Cash equivalents are highly liquid investments that mature in no more than three months from the date of acquisition and that are readily convertible to known amounts of cash with insignificant risk of change in value.

2.3.3 Creditors

Short term creditors are measured at the transaction price.

3. Average Number of Employees

Average number of employees, including directors, during the year was: NIL (2023: NIL)

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Williams Sealants Limited

Notes to the Financial Statements (continued)

For The Year Ended 30 September 2024

4. Tangible Assets

	Plant & Machinery	Motor Vehicles	Fixtures & Fittings	Computer Equipment	Total
	£	£	£	£	£
Cost
As at 1 October 2023	2,331	27,982	278	3,804	34,395

As at 30 September 2024	2,331	27,982	278	3,804	34,395

Depreciation
As at 1 October 2023	2,331	27,716	278	3,804	34,129
Provided during the period	-	266	-	-	266

As at 30 September 2024	2,331	27,982	278	3,804	34,395

Net Book Value
As at 30 September 2024	-	-	-	-	-

As at 1 October 2023	-	266	-	-	266

5. Debtors

	2024	2023
	£	£
Due within one year
Trade debtors	13,890	13,890
Other debtors	189,210	189,210

	203,100	203,100
Due after more than one year
Other debtors	30,000	30,000

	233,100	233,100

6. Creditors: Amounts Falling Due Within One Year

	2024	2023
	£	£
Trade creditors	379	379
Other creditors	181,025	181,025
Taxation and social security	7,379	7,379

	188,783	188,783

7. Share Capital

	2024	2023
Allotted, called up and fully paid	£	£
2 Ordinary Shares of £ 1.00 each	2	2

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Williams Sealants Limited

Notes to the Financial Statements (continued)

For The Year Ended 30 September 2024

8. Ultimate Controlling Party

The ultimate controlling party is D C Williams.

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