Company No: 14478805 (England and Wales)

Contents

• Company Information
• Balance Sheet
• Notes to the Financial Statements

DIRECTORS	Jennifer Williams
	Lee Williams

SECRETARY

Jennifer Williams

REGISTERED OFFICE	3 Blackwell Drive
	Braintree
	CM7 2QJ
	United Kingdom

COMPANY NUMBER

14478805 (England and Wales)

ACCOUNTANT	Inglis Chartered Accountants
	Wellington House
	Aviator Court
	York
	YO30 4UZ

	Note	2025		2024
		£		£
Fixed assets
Tangible assets	3	233,894		211,248
		233,894		211,248
Current assets
Stocks	4	203,646		10,000
Debtors	5	83,606		76,698
Cash at bank and in hand	6	5,890		54,098
		293,142		140,796
Creditors: amounts falling due within one year	7	( 583,152)		( 328,221)
Net current liabilities		(290,010)		(187,425)
Total assets less current liabilities		(56,116)		23,823
Creditors: amounts falling due after more than one year	8	( 90,545)		( 130,001)
Net liabilities		( 146,661)		( 106,178)
Capital and reserves
Called-up share capital	10	100		100
Profit and loss account		( 146,761 )		( 106,278 )
Total shareholders' deficit		( 146,661)		( 106,178)

For the financial year ending 30 November 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 financial year in accordance with section 476;
• 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; and
• These financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime and a copy of the Statement of Income and Retained Earnings has not been delivered.

The financial statements of Williams Accident Repair Limited (registered number: 14478805) were approved and authorised for issue by the Board of Directors on 07 May 2026. They were signed on its behalf by:

Jennifer Williams Director

1. Accounting policies

The principal accounting policies are summarised below. They have all been applied consistently throughout the financial year and to the preceding financial year, unless otherwise stated.

General information and basis of accounting

Williams Accident Repair Limited (the Company) is a private company, limited by shares, incorporated in the United Kingdom under the Companies Act 2006 and is registered in England and Wales. The address of the Company's registered office is 3 Blackwell Drive, Braintree, CM7 2QJ, United Kingdom.

The financial statements have been prepared under the historical cost convention, modified to include certain items at fair value, and in accordance with Section 1A of Financial Reporting Standard 102 (FRS 102) ‘The Financial Reporting Standard applicable in the UK and Republic of Ireland’ issued by the Financial Reporting Council and the requirements of the Companies Act 2006 as applicable to companies subject to the small companies regime.

The financial statements are presented in pounds sterling which is the functional currency of the Company and rounded to the nearest £.

Going concern

The directors have assessed the Balance Sheet and likely future cash flows at the date of approving these financial statements. The directors have a reasonable expectation that the Company has adequate resources to continue in operational existence and to meet its financial obligations as they fall due for at least 12 months from the date of signing these financial statements. Accordingly, they continue to adopt the going concern basis in preparing the financial statements.

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.

Turnover is recognised when the significant risks and rewards are considered to have been transferred to the customer.

Taxation

Current tax
Current tax is provided at amounts expected to be paid (or recoverable) using the tax rates and laws that have been enacted or substantively enacted at the Balance Sheet date.

Tangible fixed assets

Tangible fixed assets are stated at cost or valuation, net of depreciation and any provision for impairment. Depreciation is provided on all tangible fixed assets, other than investment property and freehold land, at rates calculated to write off the cost or valuation, less estimated residual value, of each asset on a straight-line or reducing balance basis over its expected useful life, as follows:

Leasehold improvements	3 years straight line
Plant and machinery	25 % reducing balance
Vehicles	25 % reducing balance
Fixtures and fittings	25 % reducing balance
Computer equipment	25 % reducing balance

Residual value represents the estimated amount which would currently be obtained from disposal of an asset, after deducting estimated costs of disposal, if the asset were already of the age and in the condition expected at the end of its useful life.

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.

Leases

The Company as lessee
Assets held under finance leases, hire purchase contracts and other similar arrangements, which confer rights and obligations similar to those attached to owned assets, are capitalised as tangible fixed assets at the fair value of the leased asset (or, if lower, the present value of the minimum lease payments as determined at the inception of the lease) and are depreciated over the shorter of the lease terms and their useful lives. The capital elements of future lease obligations are recorded as liabilities, while the interest elements are charged to the Statement of Income and Retained Earnings over the period of the leases to produce a constant periodic rate of interest on the remaining balance of the liability.

Rentals under operating leases are charged on a straight-line basis over the lease term, even if the payments are not made on such a basis. Benefits received and receivable as an incentive to sign an operating lease are similarly spread on a straight-line basis over the lease term.

Impairment of assets

Assets, other than those measured at fair value, are assessed for indicators of impairment at each Balance Sheet date. If there is objective evidence of impairment, an impairment loss is recognised in the Statement of Income and Retained Earnings as described below.

Stocks

Stocks are stated at the lower of cost and estimated selling price less costs to sell, which is equivalent to the net realisable value. Cost includes materials, direct labour and an attributable proportion of manufacturing overheads based on normal levels of activity. Cost is calculated using the FIFO (first-in, first-out) method. Provision is made for obsolete, slow-moving or defective items where appropriate.

At each reporting date, an assessment is made for impairment. Any excess of the carrying amount of stocks over its estimated selling price less costs to complete and sell is recognised as an impairment loss in profit or loss. Reversals of impairment losses are also recognised in profit or loss.

2. Employees

	2025		2024
	Number		Number
Monthly average number of persons employed by the Company during the year, including directors	14		12

3. Tangible assets

	Leasehold improve- ments		Plant and machinery		Vehicles		Fixtures and fittings		Computer equipment		Total
	£		£		£		£		£		£
Cost
At 01 December 2024	0		203,356		81,972		6,277		7,147		298,752
Additions	47,200		53,633		15,228		0		6,793		122,854
Disposals	0		( 33,909)		( 16,222)		0		( 439)		( 50,570)
At 30 November 2025	47,200		223,080		80,978		6,277		13,501		371,036
Accumulated depreciation
At 01 December 2024	0		57,109		26,306		1,863		2,226		87,504
Charge for the financial year	13,111		42,068		15,943		1,104		1,721		73,947
Disposals	0		( 17,356)		( 6,699)		0		( 254)		( 24,309)
At 30 November 2025	13,111		81,821		35,550		2,967		3,693		137,142
Net book value
At 30 November 2025	34,089		141,259		45,428		3,310		9,808		233,894
At 30 November 2024	0		146,247		55,666		4,414		4,921		211,248

4. Stocks

	2025		2024
	£		£
Stocks	154,807		4,000
Work in progress	48,839		6,000
	203,646		10,000

There are no material differences between the replacement cost of stock and the Balance Sheet amounts.

5. Debtors

	2025		2024
	£		£
Trade debtors	2,526		0
Prepayments	7,583		0
Deferred tax asset	29,897		33,098
Other debtors	43,600		43,600
	83,606		76,698

6. Cash and cash equivalents

	2025		2024
	£		£
Cash at bank and in hand	5,890		54,098

7. Creditors: amounts falling due within one year

	2025		2024
	£		£
Bank loans	86,197		52,644
Amounts owed to directors	380,421		176,280
Accruals	1,050		1,050
Other taxation and social security	58,517		43,598
Obligations under finance leases and hire purchase contracts	14,111		20,098
Other creditors	42,856		34,551
	583,152		328,221

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

	2025		2024
	£		£
Bank loans	65,101		87,086
Obligations under finance leases and hire purchase contracts	25,444		42,915
	90,545		130,001

There are no amounts included above in respect of which any security has been given by the small entity.

9. Deferred tax

	2025		2024
	£		£
At the beginning of financial year	33,098		0
(Charged)/credited to the Statement of Income and Retained Earnings	( 3,201)		33,098
At the end of financial year	29,897		33,098

10. Called-up share capital

	2025		2024
	£		£
Allotted, called-up and fully-paid
100 Ordinary shares of £ 1.00 each	100		100

11. Related party transactions

Transactions with the entity's directors

	2025		2024
	£		£
Amounts owed to key members of management	380,421		176,280