G. Williams and Sons Monumental Masons Limited


Directors	Mr G O J Williams
	Miss M K Williams
	Mrs N M Williams


Company Secretary	Mr G O J Williams


Registered Address	Pentre Yard
	St. Clears
	Carmarthen
	SA33 4AA


Registered Number	04112405 (England and Wales)

Balance Sheet as at
31 December 2024

	Notes	2024		2023
		£	£	£	£
Fixed assets
Tangible assets	4		96,179		86,207
			96,179		86,207
Current assets
Stocks	5	96,250		111,570
Debtors	6	177,683		72,847
Cash at bank and on hand		59,312		123,279
		333,245		307,696
Creditors amounts falling due within one year	7	(444,142)		(413,809)
Net current assets (liabilities)			(110,897)		(106,113)
Total assets less current liabilities			(14,718)		(19,906)
Creditors amounts falling due after one year	8		(5,000)		(15,000)
Provisions for liabilities	9		(330)		(330)
Net assets			(20,048)		(35,236)
Capital and reserves
Called up share capital			100		100
Profit and loss account			(20,148)		(35,336)
Shareholders' funds			(20,048)		(35,236)

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 members have agreed to the preparation of abridged accounts for this accounting period in accordance with section 444(2A).

The financial statements were approved and authorised for issue by the Board of Directors on 19 September 2025, and are signed on its behalf by:

Mr G O J Williams
Director
Registered Company No. 04112405

G. Williams and Sons Monumental Masons Limited

Notes to the Financial Statements
for the year ended 31 December 2024

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.

	Deferred tax
	Deferred tax is recognised in respect of all timing differences between the recognition of income and expenses in the financial statements and their inclusion in tax assessments. 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. Deferred tax is measured using the tax rates and laws that have been enacted or substantively enacted by the reporting date and that are expected to apply to the reversal of the timing difference, except for revalued land and investment property where the tax rate that applies to the sale of the asset is used. Current and deferred tax assets and liabilities are not discounted.

Deferred tax

Deferred tax is recognised in respect of all timing differences between the recognition of income and expenses in the financial statements and their inclusion in tax assessments. 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. Deferred tax is measured using the tax rates and laws that have been enacted or substantively enacted by the reporting date and that are expected to apply to the reversal of the timing difference, except for revalued land and investment property where the tax rate that applies to the sale of the asset is used. Current and deferred tax assets and liabilities are not discounted.

	Intangible assets
	Goodwill arising in connection with the acquisition of a business in 2007 is capitalised and amortised over its estimated economic life of 10 years. Goodwill is reviewed annually for impairment if events or changes in circumstances indicate that the carrying value may not be recoverable.

	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:


		Reducing balance (%)
	Plant and machinery	15
	Vehicles	15

	Stocks and work in progress
	Inventories are valued at the lower of cost and estimated selling price (less any associated costs to enable such sales to complete).

2.	Average number of employees


		2024		2023
	Average number of employees during the year	12		12

3.	Intangible assets

		Total
		£
	Cost or valuation
	At 01 January 24	103,000
	At 31 December 24	103,000
	Amortisation and impairment
	At 01 January 24	103,000
	At 31 December 24	103,000
	Net book value
	At 31 December 24	-
	At 31 December 23	-

4.	Tangible fixed assets

		Total
		£
	Cost or valuation
	At 01 January 24	207,598
	Additions	19,825
	At 31 December 24	227,423
	Depreciation and impairment
	At 01 January 24	121,392
	Charge for year	9,852
	At 31 December 24	131,244
	Net book value
	At 31 December 24	96,179
	At 31 December 23	86,207

5.	Stocks

	2024	2023
	£	£
Raw materials and consumables	96,250	111,570
Total	96,250	111,570

6.	Debtors: amounts due within one year

	2024	2023
	£	£
Trade debtors / trade receivables	45,457	62,291
Other debtors	128,206	-
Prepayments and accrued income	4,020	10,556
Total	177,683	72,847


	Short term debtors are measured at transaction price (which is usually the invoice price), less any impairment losses for bad and doubtful debt. 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 debt. 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.

7.	Creditors: amounts due within one year

	2024	2023
	£	£
Trade creditors / trade payables	35,247	35,937
Bank borrowings and overdrafts	10,000	10,000
Taxation and social security	45,828	43,490
Payments received on account	106,382	97,701
Other creditors	242,010	221,502
Accrued liabilities and deferred income	4,675	5,179
Total	444,142	413,809


	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.

8.	Creditors: amounts due after one year

	2024	2023
	£	£
Bank borrowings and overdrafts	5,000	15,000
Total	5,000	15,000

9.	Provisions for liabilities

	2024	2023
	£	£
Net deferred tax liability (asset)	330	330
Total	330	330

10.	Related party transactions
	The directors have lent money to the company. The amount outstanding at the year end was £219,800 (2023 - £217,346).