REGISTERED NUMBER: 04377824 (England and Wales)

Unaudited Financial Statements

for the Year Ended 30 March 2025

for

P S Williams Builders Limited

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

4

DIRECTORS:

P S Williams

Mrs S Morris

J Morris

SECRETARY:

Mrs S Morris

REGISTERED OFFICE:

International House

6 Market Street

Oakengates

Telford

Shropshire

TF2 6EF

REGISTERED NUMBER:

04377824 (England and Wales)

ACCOUNTANTS:

Tranter Lowe (Oakengates) Limited

Chartered Accountants

International House

6 Market Street

Oakengates

Telford

Shropshire

TF2 6EF

FIXED ASSETS

Tangible assets

4

19,580

25,381

CURRENT ASSETS

Stocks

98,907

25,552

Debtors

5

73,350

42,254

Cash at bank

7,178

52,220

179,435

120,026

CREDITORS

Amounts falling due within one year

6

446,218

338,601

NET CURRENT LIABILITIES

(266,783

)

(218,575

)

TOTAL ASSETS LESS CURRENT LIABILITIES

(247,203

)

(193,194

)

CREDITORS

Amounts falling due after more than one year

7

3,000

15,000

NET LIABILITIES

(250,203

)

(208,194

)

CAPITAL AND RESERVES

Called up share capital

9

100

100

Retained earnings

(250,303

)

(208,294

)

SHAREHOLDERS' FUNDS

(250,203

)

(208,194

)

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 30 March 2025.

The members have not required the company to obtain an audit of its financial statements for the year ended 30 March 2025 in accordance with Section 476 of the Companies Act 2006.

The directors acknowledge their 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 Statement of Income and Retained Earnings has not been delivered.

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

P S Williams - Director

1.	STATUTORY INFORMATION

P S Williams Builders 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.

At 30th March 2025 the Company's liabilities exceed its assets by £250,203 (2024 £208,194). The directors confirm that they will continue to support the operations of the Company for the forseeable future.

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.

Plant and machinery

-

15% on cost

Fixtures and fittings

-

10% on cost

Motor vehicles

-

25% on reducing balance

Computer equipment

-

50% on reducing balance

Stocks

Work in progress is valued at the lower of cost and net realisable value.

Cost is calculated using the first-in, first-out method and includes all purchase, transport, and handling costs in bringing stocks to their present location and condition.

Taxation

Taxation for the year comprises current and deferred tax. Tax is recognised in the Statement of Income and Retained Earnings, 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 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 8 (2024 - 8 ) .

4.	TANGIBLE FIXED ASSETS

Fixtures

Plant and

and

Motor

Computer

machinery

fittings

vehicles

equipment

Totals

£

£

£

£

£

COST

At 31 March 2024

and 30 March 2025

4,069

13,382

59,893

15,936

93,280

DEPRECIATION

At 31 March 2024

4,069

10,559

37,495

15,776

67,899

Charge for year

-

121

5,600

80

5,801

At 30 March 2025

4,069

10,680

43,095

15,856

73,700

NET BOOK VALUE

At 30 March 2025

-

2,702

16,798

80

19,580

At 30 March 2024

-

2,823

22,398

160

25,381

5.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

30.3.25

30.3.24

£

£

Trade debtors

59,122

9,411

Other debtors

4,884

4,884

Directors' current accounts

-

18,888

Prepayments

9,344

9,071

73,350

42,254

6.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

30.3.25

30.3.24

£

£

Bank loans and overdrafts

12,000

12,000

Trade creditors

98,472

58,544

Social security and other taxes

9,718

8,663

VAT

16,140

33,263

Other creditors

26,647

9,311

Directors' current accounts

279,577

213,021

Accrued expenses

3,664

3,799

446,218

338,601

7.

CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR

30.3.25

30.3.24

£

£

Bank loans - 1-2 years

-

12,000

Bank loans - 2-5 years

3,000

3,000

3,000

15,000

8.	SECURED DEBTS

The following secured debts are included within creditors:

30.3.25

30.3.24

£

£

Bank loans

15,000

27,000

9.	CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:

Number:

Class:

Nominal

30.3.25

30.3.24

value:

£

£

100

Ordinary

£1

100

100

10.	DIRECTORS' ADVANCES, CREDITS AND GUARANTEES

The following advances and credits to a director subsisted during the year ended 30 March 2025 and the period ended 30 March 2024:

30.3.25

30.3.24

£

£

J Morris

Balance outstanding at start of year

(18,888

)

(18,888

)

Amounts repaid

18,888

-

Amounts written off

-

-

Amounts waived

-

-

Balance outstanding at end of year

-

(18,888

)