Williams Mortgage Solutions Limited - Accounts to registrar (filleted)

REGISTERED NUMBER: 12897792 (England and Wales)

WILLIAMS MORTGAGE SOLUTIONS LIMITED

UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 28 FEBRUARY 2025

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

4

DIRECTOR:

J D Williams

REGISTERED OFFICE:

Flat 18 Woodgate Court

98 Stafford Avenue

Hornchurch

RM11 2EX

REGISTERED NUMBER:

12897792 (England and Wales)

ACCOUNTANTS:

Spurling Cannon

King Arthur's Court

Maidstone Road

Charing

Kent

TN27 0JS

FIXED ASSETS

Tangible assets

4

30,009

37,396

CURRENT ASSETS

Debtors

5

15,072

2,487

Cash at bank

14,119

5,824

29,191

8,311

CREDITORS

Amounts falling due within one year

6

27,003

6,469

NET CURRENT ASSETS

2,188

1,842

TOTAL ASSETS LESS CURRENT
LIABILITIES

32,197

39,238

CREDITORS

Amounts falling due after more than one year

7

(26,234

)

(29,788

)

PROVISIONS FOR LIABILITIES

(5,702

)

(9,349

)

NET ASSETS

261

101

CAPITAL AND RESERVES

Called up share capital

1

Retained earnings

260

100

261

101

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 28 February 2025.

The members have not required the company to obtain an audit of its financial statements for the year ended 28 February 2025 in accordance with Section 476 of the Companies Act 2006.

The director acknowledges his 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 director and authorised for issue on 6 October 2025 and were signed by:

J D Williams - Director

1.	STATUTORY INFORMATION

Williams Mortgage Solutions 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.

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 etc

-

33% on cost, 25% on reducing balance and 20% on reducing balance

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.

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.

3.	EMPLOYEES AND DIRECTORS

The average number of employees during the year was 1 (2024 - 1 ) .

4.	TANGIBLE FIXED ASSETS

Fixture &

Motor

Computer

Fittings

vehicles

equipment

Totals

£

COST

At 1 March 2024

483

48,290

2,098

50,871

Additions

-

3,646

At 28 February 2025

483

48,290

5,744

54,517

DEPRECIATION

At 1 March 2024

166

12,072

1,237

13,475

Charge for year

64

9,054

1,915

11,033

At 28 February 2025

230

21,126

3,152

24,508

NET BOOK VALUE

At 28 February 2025

253

27,164

2,592

30,009

At 29 February 2024

317

36,218

861

37,396

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

Motor

vehicles

£

COST

At 1 March 2024

and 28 February 2025

48,290

DEPRECIATION

At 1 March 2024

12,073

Charge for year

9,054

At 28 February 2025

21,127

NET BOOK VALUE

At 28 February 2025

27,163

At 29 February 2024

36,217

5.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2025

2024

£

Amounts owed by group undertakings

1,245

Directors' current accounts

2,396

811

Tax

274

Prepayments and accrued income

11,000

-

Prepayments

157

15,072

2,487

6.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2025

2024

£

Hire purchase contracts

3,281

Trade creditors

671

673

Corporation Tax

21,022

638

Social security and other taxes

235

83

Accrued expenses

1,794

27,003

6,469

7.

CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR

2025

2024

£

Hire purchase contracts

26,234

29,788