REGISTERED NUMBER: 12253228 (England and Wales)

Unaudited Financial Statements for the Year Ended 31 October 2024

for

Williams Motor Company Ltd

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

4

DIRECTOR:

W S Beech

REGISTERED OFFICE:

17-23 Stewart Street

Crewe

CW2 7RW

REGISTERED NUMBER:

12253228 (England and Wales)

FIXED ASSETS

Intangible assets

4

-

2,000

Tangible assets

5

186,351

239,873

186,351

241,873

CURRENT ASSETS

Stocks

2,194,128

1,764,691

Debtors

6

109,970

27,015

Cash at bank

98,113

14,338

2,402,211

1,806,044

CREDITORS

Amounts falling due within one year

7

1,998,610

1,562,963

NET CURRENT ASSETS

403,601

243,081

TOTAL ASSETS LESS CURRENT LIABILITIES

589,952

484,954

CREDITORS

Amounts falling due after more than one year

8

(6,069

)

(16,069

)

PROVISIONS FOR LIABILITIES

(30,902

)

(32,462

)

NET ASSETS

552,981

436,423

CAPITAL AND RESERVES

Called up share capital

1

1

Retained earnings

552,980

436,422

552,981

436,423

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 October 2024.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 October 2024 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 28 October 2025 and were signed by:

W S Beech - Director

1.	STATUTORY INFORMATION

Williams Motor Company Ltd 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.

Goodwill

Goodwill, being the amount paid in connection with the acquisition of a business in 2019, is being amortised evenly over its estimated useful life of five years.

Intangible assets

Intangible assets are initially measured at cost. After initial recognition, intangible assets are measured at cost less any accumulated amortisation and any accumulated impairment losses.

Tangible fixed assets

Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.

Plant and machinery etc

-

25% on reducing balance

Stocks

Stocks are valued at the lower of cost and net realisable value, after making due allowance for obsolete and slow moving items.

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

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 makes employer pension contributions in accordance with auto enrolment legislation.

3.	EMPLOYEES AND DIRECTORS

The average number of employees during the year was 9 (2023 - 5 ) .

4.	INTANGIBLE FIXED ASSETS

Goodwill

£

COST

At 1 November 2023

and 31 October 2024

10,000

AMORTISATION

At 1 November 2023

8,000

Charge for year

2,000

At 31 October 2024

10,000

NET BOOK VALUE

At 31 October 2024

-

At 31 October 2023

2,000

5.	TANGIBLE FIXED ASSETS

Plant and

machinery

etc

£

COST

At 1 November 2023

356,324

Additions

7,511

At 31 October 2024

363,835

DEPRECIATION

At 1 November 2023

116,451

Charge for year

61,033

At 31 October 2024

177,484

NET BOOK VALUE

At 31 October 2024

186,351

At 31 October 2023

239,873

6.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2024

2023

£

£

Trade debtors

98,226

18,626

Other debtors

11,744

8,389

109,970

27,015

7.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2024

2023

£

£

Bank loans and overdrafts

84,972

81,477

Trade creditors

184,399

120,675

Amounts owed to group undertakings

3,598

29,468

Taxation and social security

178,432

82,557

Other creditors

1,547,209

1,248,786

1,998,610

1,562,963

8.

CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR

2024

2023

£

£

Bank loans

6,069

16,069

9.	SECURED DEBTS

The following secured debts are included within creditors:

2024

2023

£

£

Bank overdrafts

74,972

71,477

Other loans

1,181,669

1,168,304

1,256,641

1,239,781

The other loans are reflected in other creditors and are secured on the stock.

In respect of the bank overdraft, the security is as follows:-

Clydesdale Bank PLC

Date of charge 12th July 2022.

Security:

Fixed and floating charge that covers all the property or undertaking of the company.

Contains a negative pledge.

10.	RELATED PARTY DISCLOSURES

WE Beech Holdings Ltd (parent company)

Monies were loaned between the companies on an interest free unsecured basis. The balance owing and reflected in current liabilities at 31st October 2024: £Nil, (2023: £29,468).

Grosvenor MOT Station Ltd

A company owned 100% by the parent company.

Monies were loaned between the companies on an interest free basis.

The balance owing to this company and reflected in current liabilities at 31st October 2024: £3,598, (2023: £ Nil).

11.	ULTIMATE CONTROLLING PARTY

The controlling party is WE Beech Holdings Ltd.

The ultimate controlling party is Mr W E Beech.