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Registration number: 07341915

Prepared for the registrar
William I'Anson Limited
Annual Report and Unaudited Financial Statements
for the Period from 1 September 2023 to 28 February 2025

William I'Anson Limited

(Registration number: 07341915)
Balance Sheet as at 28 February 2025

| Note | 2025 £ | 2023 £
Fixed assets |  |  |
Tangible assets | 4 | 869,390 | 890,681
Current assets |  |  |
Stocks |  | 68,500 | 152,000
Debtors | 5 | 282,113 | 16,280
Cash at bank and in hand |  | 80,325 | 131,952
|  | 430,938 | 300,232
Creditors: Amounts falling due within one year | 6 | (125,780) | (78,392)
Net current assets |  | 305,158 | 221,840
Total assets less current liabilities |  | 1,174,548 | 1,112,521
Creditors: Amounts falling due after more than one year | 6 | (8,422) | -
Deferred tax liabilities | 8 | (10,423) | (15,757)
Net assets |  | 1,155,703 | 1,096,764
Capital and reserves |  |  |
Called up share capital |  | 100 | 100
Retained earnings |  | 1,155,603 | 1,096,664
Shareholders' funds |  | 1,155,703 | 1,096,764

For the financial period ending 28 February 2025 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

Director's responsibilities:

• | The members have not required the company to obtain an audit of its accounts for the period in question in accordance with section 476; and
• | The director acknowledges their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.

These financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime. As permitted by section 444 (5A) of the Companies Act 2006, the director has not delivered to the registrar a copy of the Profit and Loss Account.

Approved and authorised by the director on 10 October 2025

W R I'Anson
Director

William I'Anson Limited

Notes to the Unaudited Financial Statements for the Period from 1 September 2023 to 28 February 2025

| 1 | General information

The company is a private company limited by share capital, incorporated in England and Wales.

The address of its registered office is:
Units 1 & 2 Ermin Way Works
Cirencester Road
Birdlip
GL4 8JL
United Kingdom

| 2 | Accounting policies

Summary of significant accounting policies and key accounting estimates

The principal accounting policies applied in the preparation of these financial statements are set out below. These policies have been consistently applied to all the years presented, unless otherwise stated.

Statement of compliance

These financial statements have been prepared in accordance with Financial Reporting Standard 102 Section 1A smaller entities - 'The Financial Reporting Standard applicable in the United Kingdom and Republic of Ireland' and the Companies Act 2006 (as applicable to companies subject to the small companies' regime).

Basis of preparation

These financial statements have been prepared using the historical cost convention except for, where disclosed in these accounting policies, certain items that are shown at fair value.

The presentational currency of the financial statements is Pounds Sterling, being the functional currency of the primary economic environment in which the company operates. Monetary amounts in these financial statements are rounded to the nearest Pound.

Critical accounting judgements and key sources of estimation uncertainty
In the application of the company’s accounting policies, the directors are required to make judgements, estimates and assumptions about the carrying amounts of assets and liabilities that are not readily apparent from other sources. The estimates and associated assumptions are based on historical experience and other factors that are considered to be relevant. Actual results may differ from these estimates.
The estimates and underlying assumptions are reviewed on an ongoing basis. Revisions to accounting estimates are recognised in the period in which the estimate is revised if the revision affects only that period, or in the period of the revision and future periods if the revision affects both current and future periods.

Judgements

No significant judgements have been made by management in preparing these financial statements.

Key sources of estimation uncertainty

No key sources of estimation uncertainty have been identified by management in preparing these financial statements other than those detailed in these accounting policies.

Revenue recognition

Turnover comprises the fair value of the consideration received or receivable for the sale of goods and provision of services in the ordinary course of the company’s activities. Turnover is shown net of sales/value added tax, returns, rebates and discounts and after eliminating sales within the company.
The company recognises revenue when the amount of revenue can be reliably measured, it is probable that future economic benefits will flow to the entity, and specific criteria have been met for each of the company's activities.

William I'Anson Limited

Notes to the Unaudited Financial Statements for the Period from 1 September 2023 to 28 February 2025

Foreign currency transactions and balances

Transactions in foreign currencies are initially recorded at the functional currency rate prevailing at the date of the transaction. Monetary assets and liabilities denominated in foreign currencies are retranslated into the respective functional currency of the entity at the rates prevailing on the reporting period date. Non-monetary items carried at fair value that are denominated in foreign currencies are retranslated at the rates prevailing on the initial transaction dates.
Non-monetary items measured in terms of historical cost in a foreign currency are not retranslated.

Tax

The tax expense for the period comprises current and deferred tax. Tax is recognised in the profit and loss account, except that a charge attributable to an item of income or expense recognised as other comprehensive income is also recognised directly in other comprehensive income.

The current tax charge is calculated on the basis of tax rates and laws that have been enacted or substantively enacted by the reporting date in the countries where the company operates and generates taxable income.

Deferred tax is recognised on temporary differences arising between the tax bases of assets and liabilities and their carrying amounts in the financial statements and on unused tax losses or tax credits in the company. Deferred income tax is determined using tax rates and laws that have been enacted or substantively enacted by the reporting date.
The carrying amount of deferred tax assets are reviewed at each reporting date and a valuation allowance is set up against deferred tax assets so that the net carrying amount equals the highest amount that is more likely than not to be recovered based on current or future taxable profit.

Tangible assets

Tangible assets are stated in the statement of financial position at cost, less any subsequent accumulated depreciation and subsequent accumulated impairment losses.
The cost of tangible assets includes directly attributable incremental costs incurred in their acquisition and installation.

Depreciation

Depreciation is charged so as to write off the cost of assets, other than land and properties under construction over their estimated useful lives, as follows:

Asset class | Depreciation method and rate
Commercial vehicles | 20% straight line
Fixtures and fittings | 15% straight line
Equipment | 15% straight line
Motor cars | 20% straight line
Plant and machinery | 20% straight line
Land and buildings | nil

Cash and cash equivalents

Cash and cash equivalents comprise cash on hand and call deposits, and other short-term highly liquid investments that are readily convertible to a known amount of cash and are subject to an insignificant risk of change in value.

Trade debtors

Trade debtors are amounts due from customers for merchandise sold or services performed in the ordinary course of business.
Trade debtors are recognised initially at the transaction price. All trade debtors are repayable within one year and hence are included at the undiscounted cost of cash expected to be received. A provision for the impairment of trade debtors is established when there is objective evidence that the company will not be able to collect all amounts due according to the original terms of the debtors.

William I'Anson Limited

Notes to the Unaudited Financial Statements for the Period from 1 September 2023 to 28 February 2025

Stocks

Stocks are stated at the lower of cost and estimated selling price less costs to complete and sell. Cost is determined using the first-in, first-out (FIFO) method.
The cost of finished goods and work in progress comprises direct materials and, where applicable, direct labour costs and those overheads that have been incurred in bringing the inventories to their present location and condition. At each reporting date, stocks are assessed for impairment. If stocks are impaired, the carrying amount is reduced to its selling price less costs to complete and sell; the impairment loss is recognised immediately in profit or loss.

Trade creditors

Trade creditors are obligations to pay for goods or services that have been acquired in the ordinary course of business from suppliers. Trade creditors are classified as current liabilities if the company does not have an unconditional right, at the end of the reporting period, to defer settlement of the creditor for at least twelve months after the reporting date. If there is an unconditional right to defer settlement for at least twelve months after the reporting date, they are presented as non-current liabilities.
Trade creditors are recognised initially at the transaction price and all are repayable within one year and hence are included at the undiscounted amount of cash expected to be paid.

Share capital

Ordinary shares are classified as equity. Equity instruments are measured at the fair value of the cash or other resources received or receivable, net of the direct costs of issuing the equity instruments. If payment is deferred and the time value of money is material, the initial measurement is on a present value basis.

Dividends

Dividend distribution to the company’s shareholders is recognised as a liability in the financial statements in the reporting period in which the dividends are declared.

Defined contribution pension obligation

A defined contribution plan is a pension plan under which fixed contributions are paid into a pension fund and the company has no legal or constructive obligation to pay further contributions even if the fund does not hold sufficient assets to pay all employees the benefits relating to employee service in the current and prior periods.
Contributions to defined contribution plans are recognised as employee benefit expense when they are due. If contribution payments exceed the contribution due for service, the excess is recognised as a prepayment.

Financial instruments

Classification
Financial instruments are classified and accounted for according to the substance of the contractual arrangement, as financial assets, financial liabilities or equity instruments. An equity instrument is any contract that evidences a residual interest in the assets of the company after deducting all of its liabilities. Where shares are issued, any component that creates a financial liability of the company is presented as a liability on the balance sheet. The corresponding dividends relating to the liability component are charged as interest expenses in the profit and loss account.
Recognition and measurement
All financial assets and liabilities are initially measured at transaction price (including transaction costs), except for those financial assets classified as at fair value through profit or loss, which are initially measured at fair value (which is normally the transaction price excluding transaction costs), unless the arrangement constitutes a financing transaction. If an arrangement constitutes a financing transaction, the financial asset or financial liability is measured at the present value of the future payments discounted at a market rate of interest for a similar debt instrument.
Impairment
Assets, other than those measured at fair value, are assessed for indicators of impairment at each balance sheet date. If there is objective evidence of impairment, an impairment loss is recognised in profit or loss.

| 3 | Staff numbers

The average number of persons employed by the company (including the director) during the period, was 3 (2023 - 3).

William I'Anson Limited

Notes to the Unaudited Financial Statements for the Period from 1 September 2023 to 28 February 2025

| 4 | Tangible assets

| Land and buildings £ | Plant and Machinery £ | Commercial Vehicles £ | Fixtures and Fittings £ | Equipment £ | Motor cars £ | Total £
Cost
At 1 September 2023 | 817,904 | 130,237 | 18,000 | 18,267 | 10,105 | 33,697 | 1,028,210
Additions | - | 165 | - | 9,630 | 1,944 | 10,832 | 22,571
Disposals | - | (1,809) | - | - | - | (33,698) | (35,507)
At 28 February 2025 | 817,904 | 128,593 | 18,000 | 27,897 | 12,049 | 10,831 | 1,015,274
Depreciation
At 1 September 2023 | - | 93,227 | 6,900 | 4,127 | 2,947 | 30,328 | 137,529
Charge for the year | - | 25,333 | 5,400 | 5,434 | 2,430 | 5,175 | 43,772
Eliminated on disposal | - | (1,719) | - | - | - | (33,698) | (35,417)
At 28 February 2025 | - | 116,841 | 12,300 | 9,561 | 5,377 | 1,805 | 145,884
Carrying amount
At 28 February 2025 | 817,904 | 11,752 | 5,700 | 18,336 | 6,672 | 9,026 | 869,390
At 31 August 2023 | 817,904 | 37,010 | 11,100 | 14,140 | 7,158 | 3,369 | 890,681

Included within the net book value of land and buildings above is £817,904 (2023 - £817,904) in respect of freehold land and buildings.

William I'Anson Limited

Notes to the Unaudited Financial Statements for the Period from 1 September 2023 to 28 February 2025

| 5 | Debtors

| Note | 2025 £ | 2023 £
Trade debtors |  | 5,010 | 13,920
Prepayments |  | 40,124 | 2,360
Director's loan account | 9 | 236,979 | -
|  | 282,113 | 16,280

| 6 | Creditors

| Note | 2025 £ | 2023 £
Due within one year |  |  |
Loans and borrowings | 7 | 1,921 | 9,133
Trade creditors |  | 38,043 | 22,439
Social security and other taxes |  | 4,984 | 2,878
Outstanding defined contribution pension costs |  | 689 | 591
Other creditors |  | 22,354 | 6,553
Accruals and deferred income |  | 7,425 | 4,700
Corporation tax liability |  | 50,364 | 32,098
|  | 125,780 | 78,392

| Note | 2025 £ | 2023 £
Due after one year |  |  |
Loans and borrowings | 7 | 8,422 | -

| 7 | Loans and borrowings

Current loans and borrowings

| 2025 £ | 2023 £
Bank overdrafts | 7 | -
Hire purchase contracts | 1,914 | -
Director's loan account | - | 9,133
| 1,921 | 9,133

Non-current loans and borrowings

| 2025 £ | 2023 £
Hire purchase contracts | 8,422 | -

William I'Anson Limited

Notes to the Unaudited Financial Statements for the Period from 1 September 2023 to 28 February 2025

| 8 | Deferred tax

Deferred tax assets and liabilities

2025 | Liability £
Fixed asset timing differences | 10,497
Short term timing difference | (74)
| 10,423

2023 | Liability £
Fixed asset timing differences | 12,663
(Over)/under provision from previous year | 3,157
Short term timing difference | (63)
| 15,757

| 9 | Related party transactions

At 28 February 2025, the company was owed £236,979 by the director (2023 - £9,133 owed to the director) in the form of a director's loan account. The loan is unsecured, interest free and repayable on demand.

| 10 | Obligations under leases and hire purchase contracts

Operating leases

The total of future minimum lease payments is as follows:

| 2025 £ | 2023 £
Not later than one year | 6,653 | -
Later than one year and not later than five years | 4,990 | -
| 11,643 | -

The amount of non-cancellable operating lease payments recognised as an expense during the period was £7,482 (2023 - £Nil).