M_A_Williams_Accountancy_Ltd_31_Mar_2025_companies_house_set_of

M A Williams Accountancy Ltd

Report of the Accountant to the director of M A Williams Accountancy Ltd

Year ended

31 March 2025

These financial statements have been prepared in accordance with my terms of engagement and in order to assist you to fulfil your duties under the Companies Acts that relate to preparing the financial statements of the company for the year ended

31 March 2025

I have prepared these financial statements based on the accounting records, information and explanations provided by you. I do not express any opinion on the financial statements.

On the statement of financial position you have acknowledged your duties under the prevailing Companies Acts to ensure that the company keeps adequate accounting records and prepares financial statements that give a "true and fair view".

You have determined that the company is exempt from the statutory requirement for an audit for this accounting year. Therefore, the financial statements are unaudited.

The financial statements are provided exclusively to the director for the limited purpose mentioned above, and may not be used or relied upon for any other purpose or by any other person, and we shall not be liable for any other usage or reliance.

M A Williams Accountancy Ltd

Accounting Technicians

7 Cottons Meadow

Kingstone

Hereford

Herefordshire

HR2 9EW

United Kingdom

Date:

30 December 2025

M A Williams Accountancy Ltd

Statement of Financial Position

31 March 2025

		2025		2024
	Note	£		£
Fixed assets
Tangible assets	6	877		1,059
Current assets
Stocks		11,228		9,660
Debtors	7	19,331		21,676
Cash at bank and in hand		9,229		12,315
		39,788		43,651
Creditors: amounts falling due within one year	8	(17,505	)	(16,238	)
Net current assets		22,283		27,413
Total assets less current liabilities		23,160		28,472
Provisions for liabilities		(60	)	(40	)
Net assets		23,100		28,432
Capital and reserves
Called up share capital		100		100
Profit and loss account		23,000		28,332
Shareholders funds		23,100		28,432

For the year ending

31 March 2025

, the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

Director's responsibilities:

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

These

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.

These

financial statements

were approved by the board of directors and authorised for issue on

30 December 2025

, and are signed on behalf of the board by:

Mr M A Williams

Director

Company registration number:

6156380

M A Williams Accountancy Ltd

Notes to the Financial Statements

Year ended

31 March 2025

1 General information

2 Statement of compliance

These

financial statements

have been prepared in compliance with FRS 102 Section 1A, 'The Financial Reporting Standard applicable to the UK and Republic of Ireland'.

3 Accounting policies

Basis of preparation

The

financial statements

have been prepared on the historical cost basis and are prepared in sterling which is the functional currency of the company.

Turnover

Turnover comprises the invoiced value of goods and services supplied by the Company, net of Value Added Tax and trade discounts.

Current tax

Current tax is recognised on taxable profit for the current and past periods. Current tax is measured at the amounts of tax expected to pay or recover using the tax rates and laws that have been enacted or substantively enacted at the reporting date.

Goodwill

Purchased goodwill arises on business acquisitions and represents the difference between the cost of acquisition and the fair values of the identifiable assets and liabilities acquired.

Goodwill is initially recorded at cost, and is subsequently stated at cost less any accumulated amortisation and accumulated impairment losses. It is amortised on a straight-line basis over the useful economic life of the asset. Where a reliable estimate of the useful life of goodwill cannot be made, the life is presumed to be ten years.

Intangible assets

Intangible assets are initially measured at cost less any accumulated amortisation.

Amortisation is calculated so as to write off the cost of an asset, less its estimated residual value, over the useful economic life of that asset as follows:

Goodwill

10% straight line

Tangible assets

Tangible assets are initially measured at cost, and are subsequently measured at cost less any accumulated depreciation and accumulated impairment losses or at a revalued amount.

Any tangible assets carried at a revalued amount are recorded at the fair value at the date of revaluation less any subsequent accumulated depreciation and subsequent accumulated impairment losses.

An increase in the carrying amount of an asset as a result of a revaluation is recognised in other comprehensive income and accumulated in capital and reserves. However, the increase is recognised in profit or loss to the extent that it reverses a revaluation decrease of the same asset previously recognised in profit or loss. A decrease in the carrying amount of an asset as a result of revaluation is recognised in other comprehensive income to the extent of any previously recognised revaluation increase accumulated in capital and reserves. If a revaluation decrease exceeds the accumulated revaluation gains accumulated in capital and reserves in respect of that asset, the excess is recognised in profit or loss.

Depreciation is calculated so as to write off the cost of an asset, less its estimated residual value, over the useful economic life of that asset as follows:

Office equipment	25% reducing balance
Motor vehicles	25% reducing balance

Deferred tax

Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the reporting date. Unrelieved tax losses and other deferred tax assets are recognised only to the extent that it is more likely than not that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits. Deferred tax is measured on an undiscounted basis at the tax rates that would apply in the periods in which timing differences are expected to reverse, based on tax rates and laws enacted at the statement of financial position date.

4 Average number of employees

The average number of persons employed by the company during the year was

(2024:

2.00

5 Intangible assets

	Goodwill
	£
Cost
At 1 April 2024 and 31 March 2025	38,215
Amortisation
At 1 April 2024 and 31 March 2025	38,215
Carrying amount
At 31 March 2025	-
At 31 March 2024	-

6 Tangible assets

	Plant and machinery etc.
	£
Cost
At 1 April 2024	8,664
Additions	110
At 31 March 2025	8,774
Depreciation
At 1 April 2024	7,605
Charge	292
At 31 March 2025	7,897
Carrying amount
At 31 March 2025	877
At 31 March 2024	1,059

7 Debtors

	2025	2024
	£	£
Trade debtors	19,088	21,666
Other debtors	243	10
	19,331	21,676

8 Creditors: amounts falling due within one year

	2025	2024
	£	£
Trade creditors	2,201	938
Taxation and social security	15,193	14,597
Other creditors	111	703
	17,505	16,238