William Robinson Limited Accounts






William Robinson Limited

	Company No. 06222578
		Information for Filing with The Registrar
		31 December 2024

The Director presents his report and the accounts for the year ended 31 December 2024.

Principal activities
The principal activity of the company during the year under review was sale of home furnishings.




Director

The Director who served at any time during the year was as follows:

William Robinson









































































The above report has been prepared in accordance with the provisions applicable to companies subject to the small companies regime as set out in Part 15 of the Companies Act 2006.

Signed on behalf of the board

William Robinson
Director
02 July 2025

at	31 December 2024
Company No.		06222578	Notes	2024	2023
				£	£
Fixed assets

	Tangible assets		4	1,934	2,579

	Investments		5	2	2
				1,936	2,581
Current assets
	Stocks		6	5,000	5,000
	Debtors		7	14,532	15,730

	Cash at bank and in hand			23,078	12,250
				42,610	32,980
Creditors: Amount falling due within one year			8	(35,592)	(24,501)
Net current assets				7,018	8,479
Total assets less current liabilities				8,954	11,060

Provisions for liabilities
	Deferred taxation			(650)	(850)

Net assets				8,304	10,210

Capital and reserves
	Called up share capital			200	200



	Profit and loss account		11	8,104	10,010

Total equity				8,304	10,210



These accounts have been prepared in accordance with the special provisions applicable to companies subject to the small companies regime of the Companies Act 2006.

For the year ended 31 December 2024 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

The members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.

The directors acknowledge their responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of accounts.



As permitted by section 444 (5A)of the Companies Act 2006 the directors have not delivered to the Registrar a copy of the company's profit and loss account.

Approved by the board on 02 July 2025 and signed on its behalf by:
William Robinson
Director
02 July 2025

for the year ended 31 December 2024

General information

William Robinson Limited is a private company limited by shares and incorporated in England and Wales.

Its registered number is: 06222578

Its registered office is:

William Robinson Building

Daleside Road

Nottingham

NG2 4DH

The accounts have been prepared in accordance with FRS 102 Section 1A - The Financial Reporting Standard applicable in the UK and Republic of Ireland and the Companies Act 2006.

Going concern

The financial statements have been prepared on the going concern basis. The director is not aware of any material threats to the ability of the company to continue as a going concern for the foreseeable future.

Accounting policies

Turnover

Turnover is measured at the fair value of the consideration received or receivable. Turnover is reduced for estimated customer returns, rebates and other similar allowances.

Revenue from the sale of goods is recognised when all the following conditions are satisfied:
• the Company has transferred to the buyer the significant risks and rewards of ownership of the
goods;
• the Company retains neither continuing managerial involvement to the degree usually associated
with ownership nor effective control over the goods sold;
• the amount of revenue can be measured reliably;
• it is probable that the economic benefits associated with the transaction will flow to the Company;
and
• the costs incurred or to be incurred in respect of the transaction can be measured reliably.

Specifically, revenue from the sale of goods is recognised when goods are delivered and legal title is passed.

Tangible fixed assets and depreciation

Tangible fixed assets held for the company's own use are stated at cost less accumulated depreciation and accumulated impairment losses.

At each balance sheet date, the company reviews the carrying amount of its tangible fixed assets to determine whether there is any indication that any items have suffered an impairment loss. If any such indication exists, the recoverable amount of an asset is estimated in order to determine the extent of the impairment loss.

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

Plant and machinery

25% Reducing balance

Furniture, fittings and equipment

25% Reducng balance

Taxation

Income tax expense represents the sum of the tax currently payable and deferred tax.

The tax currently payable is based on taxable profit for the year. Taxable profit differs from profit as reported in the profit and loss account because of items of income or expense that are taxable or deductible in other years and items that are never taxable or deductible. The Company's liability for current tax is calculated using tax rates that have been enacted or substantively enacted by the end of the reporting period.

Deferred tax is recognised on timing differences between the carrying amounts of assets and liabilities in the financial statements and the corresponding tax bases used in the computation of taxable profit. Deferred tax liabilities are generally recognised for all taxable temporary differences. Deferred tax assets are generally recognised for all deductible timing differences to the extent that it is probable that taxable profits will be available against which those deductible temporary differences can be utilised. The carrying amount of deferred tax assets is reviewed at the end of each reporting period and reduced to the extent that it is no longer probable that sufficient taxable profits will be available to allow all or part of the asset to be recovered.

Deferred tax assets and liabilities are measured at the tax rates that are expected to apply in the period in which the liability is settled or the asset realised, based on tax rates (and tax laws) that have been enacted or substantively enacted by the end of the reporting period.

Current or deferred tax for the year is recognised in profit or loss, except when they relate to items that are recognised in other comprehensive income or directly in equity, in which case, the current and deferred tax is also recognised in other comprehensive income or directly in equity respectively.

Stocks

Stocks are stated at the lower of cost and estimated selling price less costs to complete and sell. Costs, which comprise direct production costs, are based on the method most appropriate to the type of inventory class, but usually on a first-in-first-out basis. Overheads are charged to profit or loss as incurred. Net realisable value is based on the estimated selling price less any estimated completion or selling costs.

When stocks are sold, the carrying amount of those stocks is recognised as an expense in the period in which the related revenue is recognised. The amount of any write-down of stocks to net realisable value and all losses of stocks are recognised as an expense in the period in which the write-down or loss occurs. The amount of any reversal of any write-down of stocks is recognised as a reduction in the amount of inventories recognised as an expense in the period in which the reversal occurs.

Work in progress is reflected in the accounts on a contract by contract basis by recording revenue and related costs as contract activity progresses.

Trade and other debtors

Trade and other debtors are initially recognised at fair value and thereafter stated at amortised cost using the effective interest method, less impairment losses for bad and doubtful debts.

Trade and other creditors

Short term creditors are measured at the transaction price. Other financial liabilities, including bank loans, are measured initially at fair value, net of transaction costs, and are measured subsequently at amortised cost using the effective interest method.

Defined contribution pensions

The Company operates a defined contribution plan for its employees. A defined contribution plan is a pension plan under which the company pays fixed contributions into a separate entity. Once the contributions have been paid the company has no further payments obligations.

The contributions are recognised as expenses when they fall due. Amounts not paid are shown in accruals in the balance sheet. The assets of the plan are held separately from the company in independently administered funds.

Financial instruments

Financial assets

Basic financial assets, including trade and other receivables and cash and bank balances, are recognised and carried forward at transaction price. Financial assets are derecognised when:

(a) The contractual rights to the cash flows from the asset expire or are settled;

(b) Substantially all the risks and rewards of the ownership of the asset are transferred to another party; or

(c) Control of the asset has been transferred to another party who has the practical ability to unilaterally sell the asset to an unrelated third party without imposing additional restrictions.

Financial liabilities

Basic financial liabilities, including trade and other payables, and loans from third parties are initially recognised and carried forward at transaction price.

Financial liabilities are derecognised when the liability is extinguished, that is when the contractual obligation is discharged, cancelled or expires.

The company has only financial assets and financial liabilities of a kind that qualify as a basic financial instruments. Basic financial instruments are recognised initially at transaction value and subsequently measured at their settlement value with the exception of bank loans which are subsequently measured at amortised cost using the effective interest rate method.

Provisions

Provisions are made where an event has taken place that gives the Company a legal or constructive obligation that probably requires settlement by a transfer of economic benefit, and a reliable estimate can be made of the amount of the obligation.

Provisions are charged as an expense to the profit and loss account in the year that the Company becomes aware of the obligation, and are measured at the best estimate at balance sheet date of the expenditure required to settle the obligation, taking into account relevant risks and uncertainties.

When payments are eventually made, they are charged to the provision carried in the balance sheet.

3	Employees
			2024	2023
			Number	Number
		The average monthly number of employees (including directors) during the year was:	2	2

4	Tangible fixed assets
			Plant and machinery	Fixtures, fittings and equipment	Total
			£	£	£
		Cost or revaluation
		At 1 January 2024	16,050	9,975	26,025




		At 31 December 2024	16,050	9,975	26,025
		Depreciation
		At 1 January 2024	15,303	8,143	23,446
		Charge for the year	187	458	645



		At 31 December 2024	15,490	8,601	24,091
		Net book values
		At 31 December 2024	560	1,374	1,934
		At 31 December 2023	747	1,832	2,579

5	Investments
			Investment in Subsidiaries	Total
			£	£
		Cost or valuation
		At 1 January 2024	2	2



		At 31 December 2024	2	2
		Provisions/Impairment





		Net book values
		At 31 December 2024	2	2
		At 31 December 2023	2	2

6	Stocks
			2024	2023
			£	£


		Finished goods	5,000	5,000
			5,000	5,000

7	Debtors
			2024	2023
			£	£
		Trade debtors	7,119	4,126





		Other debtors	7,413	11,604

			14,532	15,730

8	Creditors:
		amounts falling due within one year
			2024	2023
			£	£




		Trade creditors	7,931	5,353

		Taxes and social security	1,042	567
		Loans from directors	15,310	14,223
		Other creditors	9,759	2,808
		Accruals and deferred income	1,550	1,550
			35,592	24,501

Share Capital

Share capital consists of 200 Ordinary Shares of £1 each, which are all fully paid.

Related party transactions

The director serves as a director of another company which owns the property occupied by William Robinson Limited.

No rent was charged for use of the property in the year ended 31 December 2024 or the year ended 31 December 2023.

The company made a management charge of £nil (2023 £12,000) to the other company.

At 31 December 2024 the company was owed £7,313 (2023 £11,604) by the other company.

The balance is unsecured, free of interest and is repayable upon demand.

Associated Companies

William Robinson Limited is controlled by William Robinson.

William Robinson only owns 33% of shares in Greet Lily. However the other shares are owned by his sister and brother.

As there is a commercial interdependence between the two companies William Robinson occupies premises owned by Greet Lily Properties rent free.

Accordingly we have to aggregate the shareholdings in Greet Lily Properties of Williams brother and sister.

The result is that the two companies are owned by the same people and as such are associated for tax purposes.

Reserves

Profit and loss account - includes all current and prior period retained profits and losses.