Company Registration No. 12043975 (England and Wales)
MCWILLIAMS ADVISORY LIMITED
UNAUDITED FINANCIAL STATEMENTS
FOR THE YEAR ENDED
30 JUNE 2025
PAGES FOR FILING WITH REGISTRAR
6 Queen Street
Leeds
West Yorkshire
LS1 2TW
MCWILLIAMS ADVISORY LIMITED
CONTENTS
Page
Company information
1
Balance sheet
2 - 3
Notes to the financial statements
4 - 7
MCWILLIAMS ADVISORY LIMITED
COMPANY INFORMATION
- 1 -
Directors
Mr D J P McWilliams
Mrs A M McWilliams
Company number
12043975
Registered office
14 Lawnswood Crescent
Leeds
LS16 8GB
Accountants
TC Group
6 Queen Street
Leeds
West Yorkshire
LS1 2TW
MCWILLIAMS ADVISORY LIMITED
BALANCE SHEET
AS AT
30 JUNE 2025
30 June 2025
- 2 -
2025
2024
Notes
£
£
£
£
Fixed assets
Tangible assets
3
53,481
59,159
Current assets
Debtors
4
11,899
77,051
Cash at bank and in hand
60,185
43,038
72,084
120,089
Creditors: amounts falling due within one year
5
(51,254)
(75,136)
Net current assets
20,830
44,953
Total assets less current liabilities
74,311
104,112
Creditors: amounts falling due after more than one year
6
(37,215)
(50,435)
Provisions for liabilities
(13,370)
(14,433)
Net assets
23,726
39,244
Capital and reserves
Called up share capital
100
100
Profit and loss reserves
23,626
39,144
Total equity
23,726
39,244
MCWILLIAMS ADVISORY LIMITED
BALANCE SHEET (CONTINUED)
AS AT
30 JUNE 2025
30 June 2025
- 3 -

The directors of the company have elected not to include a copy of the profit and loss account within the financial statements.true

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

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

T he members have not required the company to obtain an audit of its financial statements for the year in question in accordance with section 476.

These financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime.

The financial statements were approved by the board of directors and authorised for issue on 24 March 2026 and are signed on its behalf by:
Mr D J P McWilliams
Director
Company Registration No. 12043975
MCWILLIAMS ADVISORY LIMITED
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 JUNE 2025
- 4 -
1
Accounting policies
Company information

McWilliams Advisory Limited is a private company limited by shares incorporated in England and Wales. The registered office is 14 Lawnswood Crescent, Leeds, LS16 8GB.

1.1
Accounting convention

These financial statements have been prepared in accordance with FRS 102 “The Financial Reporting Standard applicable in the UK and Republic of Ireland” (“FRS 102”) and the requirements of the Companies Act 2006 as applicable to companies subject to the small companies regime. The disclosure requirements of section 1A of FRS 102 have been applied other than where additional disclosure is required to show a true and fair view.

The financial statements are prepared in sterling, which is the functional currency of the company. Monetary a mounts in these financial statements are rounded to the nearest £.

The financial statements have been prepared under the historical cost convention. The principal accounting policies adopted are set out below.

1.2
Turnover

Turnover is recognised at the fair value of the consideration received or receivable for goods and services provided in the normal course of business, and is shown net of VAT and other sales related taxes. The fair value of consideration takes into account trade discounts, settlement discounts and volume rebates.

When cash inflows are deferred and represent a financing arrangement, the fair value of the consideration is the present value of the future receipts. The difference between the fair value of the consideration and the nominal amount received is recognised as interest income.

1.3
Tangible fixed assets

Tangible fixed assets are initially measured at cost and subsequently measured at cost or valuation, net of depreciation and any impairment losses.

Depreciation is recognised so as to write off the cost or valuation of assets less their residual values over their useful lives on the following bases:

Fixtures and fittings
33% straight line
Motor vehicles
20% straight line

The gain or loss arising on the disposal of an asset is determined as the difference between the sale proceeds and the carrying value of the asset, and is credited or charged to profit or loss.

1.4
Cash and cash equivalents

Cash and cash equivalents are basic financial assets and include cash in hand, deposits held at call with banks, other short-term liquid investments with original maturities of three months or less, and bank overdrafts. Bank overdrafts are shown within borrowings in current liabilities.

MCWILLIAMS ADVISORY LIMITED
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 30 JUNE 2025
1
Accounting policies
(Continued)
- 5 -
1.5
Taxation

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

Current tax

The tax currently payable is based on taxable profit for the year. Taxable profit differs from net profit as reported in the profit and loss account because it excludes items of income or expense that are taxable or deductible in other years and it further excludes 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 reporting end date.

Deferred tax

Deferred tax liabilities are generally recognised for all timing differences and 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. Such assets and liabilities are not recognised if the timing difference arises from goodwill or from the initial recognition of other assets and liabilities in a transaction that affects neither the tax profit nor the accounting profit.

The carrying amount of deferred tax assets is reviewed at each reporting end date 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 is calculated at the tax rates that are expected to apply in the period when the liability is settled or the asset is realised. Deferred tax is charged or credited in the profit and loss account, except when it relates to items charged or credited directly to equity, in which case the deferred tax is also dealt with in equity. Deferred tax assets and liabilities are offset when the company has a legally enforceable right to offset current tax assets and liabilities and the deferred tax assets and liabilities relate to taxes levied by the same tax authority.

1.6
Leases

Leases are classified as finance leases whenever the terms of the lease transfer substantially all the risks and rewards of ownership to the lessees. All other leases are classified as operating leases.

Assets held under finance leases are recognised as assets at the lower of the assets fair value at the date of inception and the present value of the minimum lease payments. The related liability is included in the balance sheet as a finance lease obligation. Lease payments are treated as consisting of capital and interest elements. The interest is charged to profit or loss so as to produce a constant periodic rate of interest on the remaining balance of the liability.

2
Employees

The average monthly number of persons (including directors) employed by the company during the year was:

2025
2024
Number
Number
Total
2
2
MCWILLIAMS ADVISORY LIMITED
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 30 JUNE 2025
- 6 -
3
Tangible fixed assets
Fixtures and fittings
Motor vehicles
Total
£
£
£
Cost
At 1 July 2024
6,784
97,291
104,075
Additions
-
0
53,567
53,567
Disposals
-
0
(96,031)
(96,031)
At 30 June 2025
6,784
54,827
61,611
Depreciation and impairment
At 1 July 2024
4,377
40,539
44,916
Depreciation charged in the year
1,190
18,044
19,234
Eliminated in respect of disposals
-
0
(56,020)
(56,020)
At 30 June 2025
5,567
2,563
8,130
Carrying amount
At 30 June 2025
1,217
52,264
53,481
At 30 June 2024
2,407
56,752
59,159
4
Debtors
2025
2024
Amounts falling due within one year:
£
£
Trade debtors
11,299
37,559
Other debtors
600
39,492
11,899
77,051
5
Creditors: amounts falling due within one year
2025
2024
£
£
Obligations under finance leases
7,090
10,615
Corporation tax
17,478
25,100
Other taxation and social security
2,343
5,700
Other creditors
23,558
32,970
Accruals and deferred income
785
751
51,254
75,136
MCWILLIAMS ADVISORY LIMITED
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 30 JUNE 2025
- 7 -
6
Creditors: amounts falling due after more than one year
2025
2024
£
£
Other creditors
37,215
50,435
7
Related party transactions
Transactions with related parties

During the year the company entered into the following transactions with related parties:

Mr D J P and Mrs A M McWilliams

(Directors and shareholders)

As at the balance sheet date, the amounts owed to Mr D J P and Mrs A M McWilliams was £23,557 (202 4 - (£34,365)). Interest was charged at 2.25% on the overdrawn loan up to the point that this was repaid.

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