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COMPANY REGISTRATION NUMBER: 04575214

A.H. WILLIS AND SONS LIMITED

FILLETED UNAUDITED FINANCIAL STATEMENTS

30 June 2025

A.H. WILLIS AND SONS LIMITED

STATEMENT OF FINANCIAL POSITION

30 June 2025

| 30 Jun 25 | 31 Mar 24
Note | £ | £ | £

Fixed assets

Tangible assets | 7 |  | 1,020,641 | 959,164
Investments | 8 |  | 100 | 100
|  | ------------ | ---------
|  | 1,020,741 | 959,264

Current assets

Debtors | 9 | 1,038,871 |  | 1,836,533
Cash at bank and in hand | 3,332,441 |  | 1,810,796
| ------------ |  | ------------
| 4,371,312 |  | 3,647,329

Creditors: amounts falling due within one year | 10 | 1,047,360 |  | 1,333,964
| ------------ |  | ------------
Net current assets |  | 3,323,952 | 2,313,365
|  | ------------ | ------------
Total assets less current liabilities |  | 4,344,693 | 3,272,629

Creditors: amounts falling due after more than one year | 11 |  | 28,444 | –

Provisions |  | 243,983 | 228,378
|  | ------------ | ------------
Net assets |  | 4,072,266 | 3,044,251
|  | ------------ | ------------

Capital and reserves

Called up share capital | 12 |  | 20,000 | 20,000
Profit and loss account |  | 4,052,266 | 3,024,251
|  | ------------ | ------------
Shareholders funds |  | 4,072,266 | 3,044,251
|  | ------------ | ------------

These financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies' regime and in accordance with Section 1A of FRS 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland'.
In accordance with section 444 of the Companies Act 2006, the statement of income and retained earnings has not been delivered.
For the period ending 30 June 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 financial statements for the period in question in accordance with section 476 ;
- The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of financial statements .

A.H. WILLIS AND SONS LIMITED

STATEMENT OF FINANCIAL POSITION (continued)

30 June 2025
These financial statements were approved by the board of directors and authorised for issue on 11 February 2026 , and are signed on behalf of the board by:

Mr S H Willis
Director

Company registration number: 04575214

A.H. WILLIS AND SONS LIMITED

NOTES TO THE FINANCIAL STATEMENTS

PERIOD FROM 1 APRIL 2024 TO 30 JUNE 2025
1. General information
The company is a private company limited by shares, registered in England and Wales. The address of the registered office is Unit 11, White Horse Business Park Ware Road, Stanford In The Vale, Faringdon.
2. Statement of compliance
These financial statements have been prepared in compliance with Section 1A of FRS 102, 'The Financial Reporting Standard applicable in the UK and the Republic of Ireland'.
3. Accounting policies
Basis of preparation
The financial statements have been prepared on the historical cost basis, as modified by the revaluation of certain financial assets and liabilities and investment properties measured at fair value through profit or loss.
The financial statements are prepared in sterling, which is the functional currency of the entity.
Significant judgements and estimates
In the application of the company's accounting policies, the directors are required to make judgements, estimates and assumptions about the carrying amount of assets and liabilities that are not readily apparent from other sources. The estimates and associated assumptions are based on historical experience and other factors that are considered to be relevant. Actual results may differ from these estimates.
The estimates and underlying assumptions are reviewed on an ongoing basis. Revisions to accounting estimates are recognised in the period in which the estimate is revised where the revision affects only that period, or in the period of the revision and future periods where the revision affects both current and future periods.
Revenue recognition
Turnover is measured at the fair value of the consideration received or receivable for goods supplied and services rendered, net of discounts and Value Added Tax. Revenue from the sale of goods is recognised when the significant risks and rewards of ownership have transferred to the buyer (usually on despatch of the goods); the amount of revenue can be measured reliably; it is probable that the associated economic benefits will flow to the entity; and the costs incurred or to be incurred in respect of the transactions can be measured reliably.
Taxation
The taxation expense represents the aggregate amount of current and deferred tax recognised in the reporting period. Tax is recognised in profit or loss, except to the extent that it relates to items recognised in other comprehensive income or directly in equity. In this case, tax is recognised in other comprehensive income or directly in equity, respectively. 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.
Deferred tax is recognised in respect of all timing differences at the reporting date. Unrelieved tax losses and other deferred tax assets are recognised to the extent that it is probable that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits. Deferred tax is measured using the tax rates and laws that have been enacted or substantively enacted by the reporting date that are expected to apply to the reversal of the timing difference.
Goodwill
Goodwill arises on business acquisitions and represents the excess of the cost of the acquisition over the company's interest in the net amount of the identifiable assets, liabilities and contingent liabilities of the acquired business. Goodwill is measured at cost less accumulated amortisation and accumulated impairment losses. It is amortised on a straight-line basis over its useful life. Where a reliable estimate of the useful life of goodwill or intangible assets cannot be made, the life is presumed not to exceed ten years.
Amortisation
Amortisation is calculated so as to write off the cost of an asset, less its estimated residual value, over the useful life of that asset as follows:

| Goodwill | - | 5% straight line

If there is an indication that there has been a significant change in amortisation rate, useful life or residual value of an intangible asset, the amortisation is revised prospectively to reflect the new estimates.
Tangible assets
Tangible assets are initially recorded at cost, and subsequently stated at cost less any accumulated depreciation and impairment losses. Any tangible assets carried at revalued amounts 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 equity, except to the extent 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 equity in respect of that asset. Where a revaluation decrease exceeds the accumulated revaluation gains accumulated in equity in respect of that asset, the excess shall be recognised in profit or loss.
Depreciation
Depreciation is calculated so as to write off the cost or valuation of an asset, less its residual value, over the useful economic life of that asset as follows:

| Plant and machinery | - | 30% reducing balance
| Fixtures and fittings | - | 25% reducing balance
| Motor vehicles | - | 30% reducing balance
| Equipment | - | 25% straight line

Investments
Fixed asset investments are initially recorded at cost, and subsequently stated at cost less any accumulated impairment losses.
Listed investments are measured at fair value with changes in fair value being recognised in profit or loss.
Investments in associates
Investments in associates accounted for in accordance with the cost model are recorded at cost less any accumulated impairment losses. Investments in associates accounted for in accordance with the fair value model are initially recorded at the transaction price. At each reporting date, the investments are measured at fair value, with changes in fair value recognised in other comprehensive income/profit or loss. Where it is impracticable to measure fair value reliably without undue cost or effort, the cost model will be adopted. Dividends and other distributions received from the investment are recognised as income without regard to whether the distributions are from accumulated profits of the associate arising before or after the date of acquisition.
Investments in joint ventures
Investments in jointly controlled entities accounted for in accordance with the cost model are recorded at cost less any accumulated impairment losses. Investments in jointly controlled entities accounted for in accordance with the fair value model are initially recorded at the transaction price. At each reporting date, the investments are measured at fair value, with changes in fair value recognised in other comprehensive income/profit or loss. Where it is impracticable to measure fair value reliably without undue cost or effort, the cost model will be adopted. Dividends and other distributions received from the investment are recognised as income without regard to whether the distributions are from accumulated profits of the joint venture arising before or after the date of acquisition.
Impairment of fixed assets
A review for indicators of impairment is carried out at each reporting date, with the recoverable amount being estimated where such indicators exist. Where the carrying value exceeds the recoverable amount, the asset is impaired accordingly. Prior impairments are also reviewed for possible reversal at each reporting date. For the purposes of impairment testing, when it is not possible to estimate the recoverable amount of an individual asset, an estimate is made of the recoverable amount of the cash-generating unit to which the asset belongs. The cash-generating unit is the smallest identifiable group of assets that includes the asset and generates cash inflows that largely independent of the cash inflows from other assets or groups of assets. For impairment testing of goodwill, the goodwill acquired in a business combination is, from the acquisition date, allocated to each of the cash-generating units that are expected to benefit from the synergies of the combination, irrespective of whether other assets or liabilities of the company are assigned to those units.
Trade and other debtors
Trade and other debtors are stated at cost less impairment losses for bad and doubtful debts.
Finance leases and hire purchase contracts
Assets held under finance leases and hire purchase contracts are recognised in the statement of financial position as assets and liabilities at the lower of the fair value of the assets and the present value of the minimum lease payments, which is determined at the inception of the lease term. Any initial direct costs of the lease are added to the amount recognised as an asset. Lease payments are apportioned between the finance charges and reduction of the outstanding lease liability using the effective interest method. Finance charges are allocated to each period so as to produce a constant rate of interest on the remaining balance of the liability.
Cash and cash equivalents
Cash and cash equivalents comprise cash at bank and on hand, demand deposits with banks and other short-term highly liquid investments with original maturities of three months or less and bank overdrafts. In the statement of financial position, bank overdrafts are shown within borrowings or current liabilities.
Trade and other creditors
Trade and other creditors are initially recognised at fair value and thereafter stated at amortised cost using the effective interest method unless the effect of discounting would be immaterial, in which case they are stated at cost.
Provisions
Provisions are recognised when the entity has an obligation at the reporting date as a result of a past event, it is probable that the entity will be required to transfer economic benefits in settlement and the amount of the obligation can be estimated reliably. Provisions are recognised as a liability in the statement of financial position and the amount of the provision as an expense. Provisions are initially measured at the best estimate of the amount required to settle the obligation at the reporting date and subsequently reviewed at each reporting date and adjusted to reflect the current best estimate of the amount that would be required to settle the obligation. Any adjustments to the amounts previously recognised are recognised in profit or loss unless the provision was originally recognised as part of the cost of an asset. When a provision is measured at the present value of the amount expected to be required to settle the obligation, the unwinding of the discount is recognised as a finance cost in profit or loss in the period it arises.
Financial instruments
A financial asset or a financial liability is recognised only when the entity becomes a party to the contractual provisions of the instrument. Basic financial instruments are initially recognised at the transaction price, unless the arrangement constitutes a financing transaction, where it is recognised at the present value of the future payments discounted at a market rate of interest for a similar debt instrument. Financial assets that are measured at cost or amortised cost are reviewed for objective evidence of impairment at the end of each reporting date. If there is objective evidence of impairment, an impairment loss is recognised in profit or loss immediately. For all equity instruments regardless of significance, and other financial assets that are individually significant, these are assessed individually for impairment. Other financial assets are either assessed individually or grouped on the basis of similar credit risk characteristics.
Defined contribution plans
Contributions to defined contribution plans are recognised as an expense in the period in which the related service is provided. Prepaid contributions are recognised as an asset to the extent that the prepayment will lead to a reduction in future payments or a cash refund. When contributions are not expected to be settled wholly within 12 months of the end of the reporting date in which the employees render the related service, the liability is measured on a discounted present value basis. The unwinding of the discount is recognised as a finance cost in profit or loss in the period in which it arises.
Related parties
For the purposes of these financial statements, a party is considered to be related to the Company if:
(i) the party has the ability, directly or indirectly, through one or more intermediaries, to control the Company or exercise significant influence over the Company in making financial and operating policy decisions, or has joint control over the Company;
(ii) the Company and the party are subject to common control;
(iii) the party is an associate of the Company or a joint venture in which the Company is a venturer;
(iv) the party is a member of key management personnel of the Company or the Company's parent, or a close family member of such an individual, or is an entity under the control, joint control or significant influence of such individuals;
(v) the party is a close family member of a party referred to in (i) or is an entity under the control,joint control or significant influence of such individuals; or close family members of an individual are those family members who it may be expected to influence, or be influenced by, that individual in their dealings with the entity.
4. Employee numbers
The average number of persons employed by the company during the period amounted to 34 (2024: 28 ).
5. Parent company
The parent company of A.H. Willis and Sons Limited is A.H. Willis and Sons Holdings Limited. Their registered office is Unit 11, White Horse Business Park, Ware Road, Stanford in the Vale, Faringdon, Oxfordshire
6. Intangible assets

| Goodwill
| £
Cost |
At 1 April 2024 and 30 June 2025 | 125,000
| ---------
Amortisation |
At 1 April 2024 and 30 June 2025 | 125,000
| ---------
Carrying amount |
At 30 June 2025 | –
| ---------
At 31 March 2024 | –
| ---------

7. Tangible assets

| Plant and machinery | Fixtures and fittings | Motor vehicles | Equipment | Total
| £ | £ | £ | £ | £
Cost |  |  |  |  |
At 1 April 2024 | 1,302,303 | 1,623 | 457,886 | 15,878 | 1,777,690
Additions | 473,256 | 404 | 409,120 | 1,051 | 883,831
Disposals | ( 273,821) | – | ( 162,521) | ( 3,700) | ( 440,042)
| ------------ | ------- | --------- | -------- | ------------
At 30 June 2025 | 1,501,738 | 2,027 | 704,485 | 13,229 | 2,221,479
| ------------ | ------- | --------- | -------- | ------------
Depreciation |  |  |  |  |
At 1 April 2024 | 607,268 | 1,241 | 204,304 | 5,713 | 818,526
Charge for the period | 394,656 | 502 | 227,649 | 5,254 | 628,061
Disposals | ( 137,100) | – | ( 106,065) | ( 2,584) | ( 245,749)
| ------------ | ------- | --------- | -------- | ------------
At 30 June 2025 | 864,824 | 1,743 | 325,888 | 8,383 | 1,200,838
| ------------ | ------- | --------- | -------- | ------------
Carrying amount |  |  |  |  |
At 30 June 2025 | 636,914 | 284 | 378,597 | 4,846 | 1,020,641
| ------------ | ------- | --------- | -------- | ------------
At 31 March 2024 | 695,035 | 382 | 253,582 | 10,165 | 959,164
| ------------ | ------- | --------- | -------- | ------------

Finance leases and hire purchase contracts
Included within the carrying value of tangible assets are the following amounts relating to assets held under finance leases or hire purchase agreements:

| Motor vehicles
| £
At 30 June 2025 | 52,988
| --------
At 31 March 2024 | –
| --------

8. Investments

| Shares in group undertakings
| £
Cost |
At 1 April 2024 and 30 June 2025 | 100
| ----
Impairment |
At 1 April 2024 and 30 June 2025 | –
| ----

Carrying amount |
At 30 June 2025 | 100
| ----
At 31 March 2024 | 100
| ----

9. Debtors

| 30 Jun 25 | 31 Mar 24
| £ | £
Trade debtors | 231,084 | 1,048,511
Amounts owed by group undertakings and undertakings in which the company has a participating interest | 101 | –
Other debtors | 807,686 | 788,022
| ------------ | ------------
| 1,038,871 | 1,836,533
| ------------ | ------------

The debtors above include the following amounts falling due after more than one year:

| 30 Jun 25 | 31 Mar 24
| £ | £
Other debtors | 415 | 1,038
| ---- | -------

10. Creditors: amounts falling due within one year

| 30 Jun 25 | 31 Mar 24
| £ | £
Trade creditors | 623,826 | 533,633
Amounts owed to group undertakings and undertakings in which the company has a participating interest | 100 | 225,581
Corporation tax | 93,326 | 255,952
Social security and other taxes | 55,200 | 51,984
Other creditors | 274,908 | 266,814
| ------------ | ------------
| 1,047,360 | 1,333,964
| ------------ | ------------

11. Creditors: amounts falling due after more than one year

| 30 Jun 25 | 31 Mar 24
| £ | £
Other creditors | 28,444 | –
| -------- | ----

12. Called up share capital
Issued, called up and fully paid

| 30 Jun 25 | 31 Mar 24
| No. | £ | No. | £
Ordinary A shares of £ 1 each | 4,000 | 4,000 | 4,000 | 4,000
Ordinary B shares of £ 1 each | 4,000 | 4,000 | 4,000 | 4,000
Ordinary C shares of £ 1 each | 4,000 | 4,000 | 4,000 | 4,000
Ordinary D shares of £ 1 each | 4,000 | 4,000 | 4,000 | 4,000
Ordinary E shares of £ 1 each | 4,000 | 4,000 | 4,000 | 4,000
| -------- | -------- | -------- | --------
| 20,000 | 20,000 | 20,000 | 20,000
| -------- | -------- | -------- | --------

13. Related party transactions
The company has taken advantage of exemption, under the terms of Financial Reporting Standard 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland' not to disclose related party transactions with wholly owned subsidiaries within the group.
14. Controlling party
The parent company of A.H. Willis and Sons Limited is A.H. Willis and Sons Holdings Limited, and its registered office is Unit 11, White Horse Business Park, Ware Road, Stanford In The Vale, Faringdon, Oxfordshire.