REGISTERED NUMBER: 05638730 (England and Wales)

Douglas Willis 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

4

Directors:

S D Willis

D L Willis

Mrs A M Willis

Registered office:

Unit 5 Grange Ind Estate

Llanfrecha Way

Cwmbran

Torfaen

NP44 8HQ

Registered number:

05638730 (England and Wales)

Accountants:

Menzies LLP, Statutory Auditors

5th Floor Hodge House

114-116 St Mary Street

Cardiff

CF10 1DY

Fixed assets

Intangible assets

4

35,000

70,000

Property, plant and equipment

5

219,815

285,641

254,815

355,641

Current assets

Inventories

202,538

192,400

Debtors

6

1,307,630

1,229,203

Investments

7

196,759

161,575

Cash at bank and in hand

445,097

497,047

2,152,024

2,080,225

Creditors

Amounts falling due within one year

8

(424,181

)

(433,699

)

Net current assets

1,727,843

1,646,526

Total assets less current liabilities

1,982,658

2,002,167

Creditors

Amounts falling due after more than one year

9

(50,778

)

(81,833

)

Provisions for liabilities

10

(30,966

)

(42,817

)

Net assets

1,900,914

1,877,517

Capital and reserves

Called up share capital

100

100

Fair value reserve

11

1,089

1,089

Retained earnings

1,899,725

1,876,328

Shareholders' funds

1,900,914

1,877,517

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 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 Comprehensive Income has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 23 December 2025 and were signed on its behalf by:

S D Willis - Director

1.	Statutory information

Douglas Willis 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

Revenue 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 2006, is being amortised evenly over its estimated useful life of twenty years.

The directors believe that the estimated useful life of the goodwill at the date of transition to FRS 102 (section 1a) was reliable.

Tangible fixed assets

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

Improvement to property 25% on reducing balance basis

Plant & machinery 20% on reducing balance basis

Fixtures, fittings & equipment 20% on reducing balance basis

Motor vehicles 25% on reducing balance basis

Stocks

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

Financial instruments

Financial instruments are classified and accounted for according to the substance of the contractual arrangements as either financial assets, financial liabilities or equity instruments, and are held at amortised cost. An equity instrument is any contract that evidences a residual interest in the assets of the company after deducting all its liabilities.

Loans and borrowings are initially recognised at the transaction price including transaction costs. Subsequently, they are measured at amortised cost using the effective interest rate method, less impairment. If an arrangement constitutes a finance transaction it is measured at present value of the future payments discounted at a market rate of interest for a similar debt instrument.

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.

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.

3.	Employees and directors

The average number of employees during the year was 41 (2024 - 39 ) .

4.	Intangible fixed assets

Goodwill

£

Cost

At 1 April 2024

and 31 March 2025

700,000

Amortisation

At 1 April 2024

630,000

Amortisation for year

35,000

At 31 March 2025

665,000

Net book value

At 31 March 2025

35,000

At 31 March 2024

70,000

5.	Property, plant and equipment

Improvements

Fixtures

to

Plant and

and

Motor

property

machinery

fittings

vehicles

Totals

£

£

£

£

£

Cost

At 1 April 2024

144,941

545,809

206,802

83,588

981,140

Additions

-

3,825

6,138

-

9,963

Disposals

-

(95,123

)

(32,900

)

(46,469

)

(174,492

)

At 31 March 2025

144,941

454,511

180,040

37,119

816,611

Depreciation

At 1 April 2024

64,250

422,460

145,334

63,455

695,499

Charge for year

-

25,633

13,493

5,033

44,159

Eliminated on disposal

23,506

(89,538

)

(30,884

)

(45,946

)

(142,862

)

At 31 March 2025

87,756

358,555

127,943

22,542

596,796

Net book value

At 31 March 2025

57,185

95,956

52,097

14,577

219,815

At 31 March 2024

80,691

123,349

61,468

20,133

285,641

6.

Debtors: amounts falling due within one year

2025

2024

£

£

Trade debtors

697,189

664,436

Other debtors

440,447

440,447

Directors' current accounts

77,372

75,997

VAT

31,096

23,315

Prepayments

61,526

25,008

1,307,630

1,229,203

7.	Current asset investments

2025

2024

£

£

Listed investments

196,759

161,575

8.

Creditors: amounts falling due within one year

2025

2024

£

£

Bank loans and overdrafts

-

10,000

Trade creditors

307,129

295,853

Tax

62,216

35,312

Social security and other taxes

19,419

17,288

Directors' current accounts

26,618

65,725

Accrued expenses

8,799

9,521

424,181

433,699

9.

Creditors: amounts falling due after more than one year

2025

2024

£

£

Bank loans

-

10,500

Accruals and deferred income

50,778

71,333

50,778

81,833

10.	Provisions for liabilities

2025

2024

£

£

Deferred tax - accelerated

capital allowances

30,966

42,817

30,966

42,817

Deferred

tax

£

Balance at 1 April 2024

42,817

Credit to Income Statement during year

(11,851

)

Balance at 31 March 2025

30,966

11.

Reserves

Fair

value

reserve

£

At 1 April 2024

and 31 March 2025

1,089

12.	Directors' advances, credits and guarantees

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

2025

2024

£

£

S D Willis

Balance outstanding at start of year

75,998

71,674

Amounts advanced

169,431

111,004

Amounts repaid

(168,057

)

(106,680

)

Amounts written off

-

-

Amounts waived

-

-

Balance outstanding at end of year

77,372

75,998

D L Willis

Balance outstanding at start of year

(65,724

)

(65,867

)

Amounts advanced

48,012

36,148

Amounts repaid

(8,905

)

(36,005

)

Amounts written off

-

-

Amounts waived

-

-

Balance outstanding at end of year

(26,617

)

(65,724

)

13.	Related party disclosures