Henry Williams & Son(Roads)Limited - Accounts to registrar (filleted)

REGISTERED NUMBER: 00606942 (England and Wales)

Unaudited Financial Statements for the Year Ended 31 December 2024

for

Henry Williams & Son(Roads)Limited

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

4

DIRECTORS:

S R Williams

D Bryan

REGISTERED OFFICE:

Unit 1 Park Road Industrial Estate

Park Road

Rhosymedre

Wrexham

LL14 3AX

REGISTERED NUMBER:

00606942 (England and Wales)

ACCOUNTANTS:

Guy Walmsley Limited

3 Grove Road

Wrexham

LL11 1DY

FIXED ASSETS

Tangible assets

4

926,290

945,143

CURRENT ASSETS

Stocks

468,711

605,868

Debtors

5

1,564,987

1,359,391

Cash at bank

-

95,250

2,033,698

2,060,509

CREDITORS

Amounts falling due within one year

6

1,654,074

1,535,624

NET CURRENT ASSETS

379,624

524,885

TOTAL ASSETS LESS CURRENT
LIABILITIES

1,305,914

1,470,028

CREDITORS

Amounts falling due after more than one
year

7

137,186

225,611

NET ASSETS

1,168,728

1,244,417

CAPITAL AND RESERVES

Called up share capital

10,000

Retained earnings

1,158,728

1,234,417

SHAREHOLDERS' FUNDS

1,168,728

1,244,417

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 Income Statement has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 17 September 2025 and were signed on its behalf by:

S R Williams - Director

D Bryan - Director

1.	STATUTORY INFORMATION

Henry Williams & Son(Roads)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.

The financial statements are for the individual entity only.

The company's functional and presentation currency is Pound Sterling (£), rounded to the nearest pound.

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 or, if held under a finance lease, over the lease term, whichever is the shorter.

Plant and machinery

-

20% on reducing balance

Fixtures and fittings

-

10% on reducing balance

Motor vehicles

-

25% on reducing balance

Computer equipment

-

25% 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

Assets obtained under hire purchase contracts or finance leases are capitalised in the balance sheet. Those held under hire purchase contracts are depreciated over their estimated useful lives. Those held under finance leases are depreciated over their estimated useful lives or the lease term, whichever is the shorter.

The interest element of these obligations is charged to profit or loss over the relevant period. The capital element of the future payments is treated as a liability.

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 38 (2023 - 38 ) .

4.	TANGIBLE FIXED ASSETS

Fixtures

Plant and

and

Motor

Computer

machinery

fittings

vehicles

equipment

Totals

£

COST

At 1 January 2024

2,800,746

3,222

396,820

27,645

3,228,433

Additions

215,492

-

45,891

4,859

266,242

Disposals

-

(79,388

)

-

(79,388

)

At 31 December 2024

3,016,238

3,222

363,323

32,504

3,415,287

DEPRECIATION

At 1 January 2024

2,066,928

2,002

196,927

17,433

2,283,290

Charge for year

232,261

122

41,598

3,768

277,749

Eliminated on disposal

-

(72,042

)

-

(72,042

)

At 31 December 2024

2,299,189

2,124

166,483

21,201

2,488,997

NET BOOK VALUE

At 31 December 2024

717,049

1,098

196,840

11,303

926,290

At 31 December 2023

733,818

1,220

199,893

10,212

945,143

Fixed assets, included in the above, which are held under hire purchase contracts are as follows:

Plant and

Motor

machinery

vehicles

Totals

£

COST

At 1 January 2024

and 31 December 2024

565,632

32,969

598,601

DEPRECIATION

At 1 January 2024

369,860

23,739

393,599

Charge for year

39,154

2,307

41,461

At 31 December 2024

409,014

26,046

435,060

NET BOOK VALUE

At 31 December 2024

156,618

6,923

163,541

At 31 December 2023

195,772

9,230

205,002

5.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31.12.24

31.12.23

£

Trade debtors

1,266,424

909,016

Amounts owed by group undertakings

98,854

238,854

Other debtors

78,434

169,989

Prepayments and accrued income

121,275

41,532

1,564,987

1,359,391

6.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31.12.24

31.12.23

£

Bank loans and overdrafts

75,304

-

Other loans

252,667

471,417

Hire purchase contracts

92,219

105,244

Trade creditors

1,183,292

891,800

Social security and other taxes

39,075

54,717

Other creditors

5,643

7,459

Accruals and deferred income

5,874

4,987

1,654,074

1,535,624

7.

CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR

31.12.24

31.12.23

£

Hire purchase contracts

137,186

225,611

8.	SECURED DEBTS

The following secured debts are included within creditors:

31.12.24

31.12.23

£

Bank overdraft

75,304

-

Hire purchase contracts

229,405

330,855

304,709

330,855

Hire purchase contracts are secured on the assets to which they relate.

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

9.	RELATED PARTY DISCLOSURES

As at the 31 December 2024 the sum of £196,000 (2023:£231,000) was owing to the director Mr S R Williams. No interest was payable on the loan during the year ended 31 December 2024, and the loan is repayable on demand.

As at the 31 December 2024 the sum of £98,854 (2023:£238,854) was owed by Henry Williams & Sons ( Holdings) Limited to the company. No interest was payable on the loan during the year ended 31 December 2024, and the loan is repayable on demand.

10.	ULTIMATE CONTROLLING PARTY

The controlling party is Henry Williams & Son ( Holdings) Limited, the parent company, registered office 3, Grove Road Wrexham LL11 1DY.