Registration number: 00409190

Walter Williams Woodseats Ltd

Contents

Company Information	1
Balance Sheet	2 to 3
Notes to the Unaudited Financial Statements	4 to 8

Walter Williams Woodseats Ltd

Company Information

Directors

R Putland K Putland G Jones

Registered office

783 Chesterfield Road Sheffield South Yorkshire S8 0SP

Accountants

Millhouses Accountancy Ltd Millhouses Business Centre 2-4 Abbeydale Road South Sheffield South Yorkshire S7 2QN

Walter Williams Woodseats Ltd

(Registration number: 00409190)
Balance Sheet as at 30 April 2025

	Note	2025 £	2024 £
Fixed assets
Tangible assets	4	50,972	56,698
Other financial assets	5	43,122	41,726
		94,094	98,424
Current assets
Stocks	6	140,084	142,434
Debtors	7	29,945	18,790
Cash at bank and in hand		52,203	80,458
		222,232	241,682
Creditors: Amounts falling due within one year	8	(92,789)	(83,510)
Net current assets		129,443	158,172
Total assets less current liabilities		223,537	256,596
Creditors: Amounts falling due after more than one year	8	(2,667)	(6,667)
Net assets		220,870	249,929
Capital and reserves
Called up share capital	9	497,694	497,694
Capital redemption reserve		118,773	118,773
Revaluation reserve		45,445	44,049
Retained earnings		(441,042)	(410,587)
Shareholders' funds		220,870	249,929

For the financial year ending 30 April 2025 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

Directors' responsibilities:

•	The members have not required the company to obtain an audit of its accounts for the year in question in accordance with section 476; and
•	The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.

These financial statements have been prepared in accordance with the special provisions relating to companies subject to the small companies regime within Part 15 of the Companies Act 2006.

These financial statements have been delivered in accordance with the provisions applicable to companies subject to the small companies regime. As permitted by section 444 (5A) of the Companies Act 2006, the directors have not delivered to the registrar a copy of the Profit and Loss Account.

Approved and authorised by the Board on 29 December 2025 and signed on its behalf by:
 

Walter Williams Woodseats Ltd

(Registration number: 00409190)
Balance Sheet as at 30 April 2025

......................................... G Jones Director

Walter Williams Woodseats Ltd

Notes to the Unaudited Financial Statements for the Year Ended 30 April 2025

1	General information

The company is a private company limited by share capital, incorporated in UK.

The address of its registered office is:
783 Chesterfield Road
Sheffield
South Yorkshire
S8 0SP
England

These financial statements were authorised for issue by the Board on 29 December 2025.

2	Accounting policies

Summary of significant accounting policies and key accounting estimates

The principal accounting policies applied in the preparation of these financial statements are set out below. These policies have been consistently applied to all the years presented, unless otherwise stated.

Statement of compliance

These financial statements have been prepared in accordance with Financial Reporting Standard 102 Section 1A smaller entities - 'The Financial Reporting Standard applicable in the United Kingdom and Republic of Ireland' and the Companies Act 2006 (as applicable to companies subject to the small companies' regime).

Basis of preparation

These financial statements have been prepared using the historical cost convention except that as disclosed in the accounting policies certain items are shown at fair value.

Going concern

The financial statements have been prepared on a going concern basis.

Revenue recognition

Turnover comprises the fair value of the consideration received or receivable for the sale of goods and provision of services in the ordinary course of the company’s activities. Turnover is shown net of sales/value added tax, returns, rebates and discounts.

The company recognises revenue when:
The amount of revenue can be reliably measured;
it is probable that future economic benefits will flow to the entity;
and specific criteria have been met for each of the company's activities.

Tangible assets

Tangible assets are stated in the balance sheet at cost, less any subsequent accumulated depreciation and subsequent accumulated impairment losses.

The cost of tangible assets includes directly attributable incremental costs incurred in their acquisition and installation.

Depreciation

Depreciation is charged so as to write off the cost of assets, other than land and properties under construction over their estimated useful lives, as follows:

Walter Williams Woodseats Ltd

Notes to the Unaudited Financial Statements for the Year Ended 30 April 2025

Asset class	Depreciation method and rate
Motor vehicles	33% Reducing Balance
Plant and machinery	10% Straight Line / 20% Straight Line / 33% Reducing Balance

Cash and cash equivalents

Cash and cash equivalents comprise cash on hand and call deposits, and other short-term highly liquid investments that are readily convertible to a known amount of cash and are subject to an insignificant risk of change in value.

Trade debtors

Trade debtors are amounts due from customers for merchandise sold or services performed in the ordinary course of business.

Trade debtors are recognised initially at the transaction price. They are subsequently measured at amortised cost using the effective interest method, less provision for impairment. A provision for the impairment of trade debtors is established when there is objective evidence that the company will not be able to collect all amounts due according to the original terms of the receivables.

Stocks

Stocks are stated at the lower of cost and estimated selling price less costs to complete and sell. Cost is determined using the first-in, first-out (FIFO) method.

The cost of finished goods and work in progress comprises direct materials and, where applicable, direct labour costs and those overheads that have been incurred in bringing the inventories to their present location and condition. At each reporting date, stocks are assessed for impairment. If stocks are impaired, the carrying amount is reduced to its selling price less costs to complete and sell; the impairment loss is recognised immediately in profit or loss.

Trade creditors

Trade creditors are obligations to pay for goods or services that have been acquired in the ordinary course of business from suppliers. Accounts payable are classified as current liabilities if the company does not have an unconditional right, at the end of the reporting period, to defer settlement of the creditor for at least twelve months after the reporting date. If there is an unconditional right to defer settlement for at least twelve months after the reporting date, they are presented as non-current liabilities.

Trade creditors are recognised initially at the transaction price and subsequently measured at amortised cost using the effective interest method.

Borrowings

Interest-bearing borrowings are initially recorded at fair value, net of transaction costs. Interest-bearing borrowings are subsequently carried at amortised cost, with the difference between the proceeds, net of transaction costs, and the amount due on redemption being recognised as a charge to the profit and loss account over the period of the relevant borrowing.

Interest expense is recognised on the basis of the effective interest method and is included in interest payable and similar charges.

Borrowings are classified as current liabilities unless the company has an unconditional right to defer settlement of the liability for at least twelve months after the reporting date.

Walter Williams Woodseats Ltd

Notes to the Unaudited Financial Statements for the Year Ended 30 April 2025

Leases

Leases in which substantially all the risks and rewards of ownership are retained by the lessor are classified as operating leases. Payments made under operating leases are charged to profit or loss on a straight-line basis over the period of the lease.

Share capital

Ordinary shares are classified as equity. Equity instruments are measured at the fair value of the cash or other resources received or receivable, net of the direct costs of issuing the equity instruments. If payment is deferred and the time value of money is material, the initial measurement is on a present value basis.

Defined contribution pension obligation

A defined contribution plan is a pension plan under which fixed contributions are paid into a pension fund and the company has no legal or constructive obligation to pay further contributions even if the fund does not hold sufficient assets to pay all employees the benefits relating to employee service in the current and prior periods.

Contributions to defined contribution plans are recognised as employee benefit expense when they are due. If contribution payments exceed the contribution due for service, the excess is recognised as a prepayment.

3	Staff numbers

The average number of persons employed by the company (including directors) during the year, was 9 (2024 - 9).

Walter Williams Woodseats Ltd

Notes to the Unaudited Financial Statements for the Year Ended 30 April 2025

4	Tangible assets

	Plant and machinery £	Office equipment £	Motor vehicles  £	Total £
Cost or valuation
At 1 May 2024	223,924	-	41,522	265,446
Additions	10,986	857	-	11,843
At 30 April 2025	234,910	857	41,522	277,289
Depreciation
At 1 May 2024	185,488	-	23,260	208,748
Charge for the year	12,181	20	5,368	17,569
At 30 April 2025	197,669	20	28,628	226,317
Carrying amount
At 30 April 2025	37,241	837	12,894	50,972
At 30 April 2024	38,436	-	18,262	56,698

5	Fixed asset investments

	Unlisted investments £	Total £
Investments
Cost or valuation
At 1 May 2024	41,726	41,726
Revaluations	1,396	1,396
At 30 April 2025	43,122	43,122
Impairment
Carrying amount
At 30 April 2025	43,122	43,122

6

Stocks

	2025 £	2024 £
Finished goods and goods for resale	140,084	142,434

Walter Williams Woodseats Ltd

Notes to the Unaudited Financial Statements for the Year Ended 30 April 2025

7

Debtors

Current	2025 £	2024 £
Trade debtors	14,979	8,603
Prepayments	14,966	10,037
Other debtors	-	150
	29,945	18,790

8

Creditors

Creditors: amounts falling due within one year

	Note	2025 £	2024 £
Due within one year
Loans and borrowings	10	4,000	4,000
Trade creditors		49,418	37,998
Taxation and social security		15,346	19,624
Accruals and deferred income		12,137	12,564
Other creditors		11,888	9,324
		92,789	83,510

Creditors: amounts falling due after more than one year

	Note	2025 £	2024 £
Due after one year
Loans and borrowings	10	2,667	6,667

9	Share capital

10	Loans and borrowings

Non-current loans and borrowings

	2025 £	2024 £
Bank borrowings	2,667	6,667

Current loans and borrowings

	2025 £	2024 £
Bank borrowings	4,000	4,000