REGISTERED NUMBER: 11951513 (England and Wales)

Williams Garage Caister Limited

Unaudited Financial Statements for the Year Ended 31 March 2025

Page

Company Information

1

Statement of Financial Position

2

Notes to the Financial Statements

3

Director:

P K Williams

Registered office:

2 Yarmouth Road

Caister on Sea

Great Yarmouth

Norfolk

NR30 5AA

Registered number:

11951513 (England and Wales)

Accountants:

Fairhead Bradford

5 Queen Street

Great Yarmouth

Norfolk

NR30 2QP

Fixed assets

Tangible assets

4

27,224

35,393

Current assets

Stocks

62,117

67,502

Debtors

5

10,741

11,050

Cash at bank and in hand

486,284

499,333

559,142

577,885

Creditors

Amounts falling due within one year

6

105,275

156,539

Net current assets

453,867

421,346

Total assets less current liabilities

481,091

456,739

Provisions for liabilities

6,806

8,848

Net assets

474,285

447,891

Capital and reserves

Called up share capital

100

100

Retained earnings

474,185

447,791

474,285

447,891

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 March 2025.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 March 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 20 November 2025 and were signed by:

P K Williams - Director

1.	Statutory information

Williams Garage Caister 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.

The presentation currency of the financial statements is the Pound Sterling (£).

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.

Fixtures, fittings and equipment

-

at variable rates on reducing balance

Motor vehicles

-

20% 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.

Financial instruments

Basic financial instruments are initially recognised at the transaction price, unless the arrangement constitutes a financing transaction, where it is recognised at the present value of the future payments discounted at a market rate of interest for a similar debt instrument. Debt instruments are subsequently measured at amortised cost.

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 statement of financial position date.

Deferred tax

Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the statement of financial position 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.

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 10 (2024 - 9 ) .

4.	Tangible fixed assets

Fixtures,

fittings

and

Motor

equipment

vehicles

Totals

£

£

£

Cost

At 1 April 2024

and 31 March 2025

29,487

32,972

62,459

Depreciation

At 1 April 2024

18,313

8,753

27,066

Charge for year

2,114

6,055

8,169

At 31 March 2025

20,427

14,808

35,235

Net book value

At 31 March 2025

9,060

18,164

27,224

At 31 March 2024

11,174

24,219

35,393

5.

Debtors: amounts falling due within one year

31/3/25

31/3/24

£

£

Trade debtors

173

-

Other debtors

10,568

11,050

10,741

11,050

6.

Creditors: amounts falling due within one year

31/3/25

31/3/24

£

£

Trade creditors

55,953

72,359

Taxation and social security

43,856

58,259

Other creditors

5,466

25,921

105,275

156,539

7.	Director's advances, credits and guarantees

The following advances and credits to a director subsisted during the years ended 31 March 2025 and 31 March 2024:

31/3/25

31/3/24

£

£

P K Williams

Balance outstanding at start of year

8,789

-

Amounts advanced

-

8,789

Amounts repaid

(8,789

)

-

Amounts written off

-

-

Amounts waived

-

-

Balance outstanding at end of year

-

8,789

8.	Related party disclosures

The premises from which the company trades are owned by the director. No rent has been charged by him in the year.