Will Horwell Limited iXBRL

Will Horwell Limited

Director's Report and Unaudited Financial Statements

for the financial year ended 30 September 2025

Will Horwell Limited

DIRECTOR AND OTHER INFORMATION


Director	William Louth-Horwell


Company Registration Number	11573888


Registered Office	220a Stow Hill
	Newport
	NP20 4HA
	United Kingdom


Business Address	220a Stow Hill
	Newport
	NP20 4HA
	United Kingdom


Accountants	R J Financial Accounting Services Limited
	220 Stow Hill
	Newport
	NP20 4HA
	Wales

Will Horwell Limited

DIRECTOR'S REPORT

for the financial year ended 30 September 2025

The director presents his report and the unaudited financial statements for the financial year ended 30 September 2025.

Director

The director who served during the financial year is as follows:

William Louth-Horwell

There were no changes in shareholdings between 30 September 2025 and the date of signing the financial statements.

In accordance with the Constitution, the director retire by rotation and, being eligible, offer themselves for re-election.

Political Contributions

The company did not make any disclosable political donations in the current financial year.

Statement of Director's Responsibilities

The director is responsible for preparing the Director's Report and the financial statements in accordance with applicable law and regulations.

Company law requires the director to prepare financial statements for each financial year. Under that law the director has elected to prepare the financial statements in accordance with United Kingdom Generally Accepted Accounting Practice (United Kingdom Accounting Standards and applicable law) including FRS 102 "The Financial Reporting Standard applicable in the UK and Republic of Ireland" Section 1A (Small Entities). Under company law the director must not approve the financial statements unless he is satisfied that they give a true and fair view of the state of affairs of the company and of the profit or loss of the company for that period.

In preparing these financial statements, the director is required to:

●

select suitable accounting policies and apply them consistently;

●

make judgements and accounting estimates that are reasonable and prudent;

●

prepare the financial statements on the going concern basis unless it is inappropriate to presume that the company will continue in business.

The director is responsible for keeping adequate accounting records that are sufficient to show and explain the company's transactions and disclose with reasonable accuracy at any time the financial position of the company and enable him to ensure that the financial statements comply with the Companies Act 2006. He is also responsible for safeguarding the assets of the company and hence for taking reasonable steps for the prevention and detection of fraud and other irregularities.

Special provisions relating to small companies

The above report has been prepared in accordance with the special provisions relating to small companies within Part 15 of the Companies Act 2006.

On behalf of the board

___________________________

William Louth-Horwell

Director

25 June 2026

Will Horwell Limited

ACCOUNTANTS REPORT

to the Director on the Compilation of the unaudited financial statements of Will Horwell Limited

for the financial year ended 30 September 2025

In accordance with our engagement letter and in order to assist you to fulfil your duties under the Companies Act 2006, we have compiled for your approval the financial statements of the company for the financial year ended 30 September 2025 as set out on pages to which comprise the Income Statement, the Statement of Financial Position and the related notes from the company's accounting records and from information and explanations you have given to us.

This report is made solely to the director of Will Horwell Limited, in accordance with the terms of our engagement. Our work has been undertaken so that we might compile the financial statements that we have been engaged to compile, report to the company’s Director that we have done so, and state those matters that we have agreed to state to them in this report and for no other purpose. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than the Company and its director for our work or for this report.

As a firm regulated by the Association of Chartered Certified Accountants our work will be carried out in accordance with the Technical Factsheet 163 Audit Exempt Companies - ACCA Accounts Preparation Report and ISRS 4410 International Standard on Related Services -Compilation Engagements. ln carrying out this engagement we have complied with the ethical guidance laid down by the association relating to members undertaking the compilation of financial statements.

Our work has been undertaken in accordance with the requirements of the Association of Chartered Certified Accountants as detailed at

<http://www.accaglobal.com/ie/en/technical-activities/technical-resources-search/2009/october/factsheet-163-audit-exempt-companies.html>

You have acknowledged on the Statement of Financial Position for the year ended 30 September 2025 your duty to ensure that Will Horwell Limited has kept adequate accounting records and to prepare statutory financial statements that give a true and fair view of the assets, liabilities, financial position and profit of Will Horwell Limited. You consider that Will Horwell Limited is exempt from the statutory audit requirement for the financial year.

We have not been instructed to carry out an audit or a review of the financial statements of Will Horwell Limited. For this reason, we have not verified the adequacy, accuracy or completeness of the accounting records or information and explanations you have given to us and we do not, therefore, express any opinion on the statutory financial statements.

__________________________________

R J FINANCIAL ACCOUNTING SERVICES LIMITED

220 Stow Hill

Newport

NP20 4HA

Wales

25 June 2026

Will Horwell Limited

INCOME STATEMENT

for the financial year ended 30 September 2025

	2025	2024
Notes	£	£

Revenue	81,322	92,815

Cost of sales	(11,380)	(18,166)
	─────────	─────────
Gross profit	69,942	74,649

Administrative expenses	(52,616)	(60,518)
	─────────	─────────
Profit before taxation	17,326	14,131

Tax on profit	(3,292)	(2,685)
	─────────	─────────
Profit for the financial year	14,034	11,446
	─────────	─────────
Total comprehensive income	14,034	11,446

Equity dividends	(10,000)	(11,750)
Retained profit brought forward	21,531	21,835
	─────────	─────────
Retained profit carried forward	25,565	21,531
	═════════	═════════

Will Horwell Limited

Company Registration Number: 11573888

STATEMENT OF FINANCIAL POSITION

as at 30 September 2025

		2025	2024
	Notes	£	£

Non-Current Assets

Property, plant and equipment

5,691

7,589

─────────

Current Assets

Receivables

4,481

Cash and cash equivalents

31,123

23,342

─────────

35,604

23,342

─────────

Payables: amounts falling due within one year

(14,648)

(7,957)

─────────

Net Current Assets

20,956

15,385

─────────

Total Assets less Current Liabilities

26,647

22,974

Provisions for liabilities

(1,081)

(1,442)

─────────

Net Assets

25,566

21,532

═════════

Equity

Called up share capital

Retained earnings

25,565

21,531

─────────

Equity attributable to owners of the company

25,566

21,532

═════════

The financial statements have been prepared in accordance with the provisions applicable to companies subject to the small companies' regime and in accordance with the provisions of FRS 102 Section 1A (Small Entities).

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

The director confirms that the members have not required the company to obtain an audit of its financial statements for the financial year in question in accordance with section 476 of the Companies Act 2006.

The director acknowledges his responsibilities for ensuring that the company keeps accounting records which comply with section 386 and for preparing financial statements which give a true and fair view of the state of affairs of the company as at the end of the financial year and of its profit and loss for the financial year in accordance with the requirements of sections 394 and 395 and which otherwise comply with the requirements of the Companies Act 2006 relating to financial statements, so far as applicable to the company.

Approved by the Director and authorised for issue on 25 June 2026



________________________________
William Louth-Horwell
Director

Will Horwell Limited

NOTES TO THE FINANCIAL STATEMENTS

for the financial year ended 30 September 2025

General Information

Will Horwell Limited is a company limited by shares incorporated and registered in the England and Wales. The registered number of the company is 11573888. The registered office of the company is 220a Stow Hill, Newport, NP20 4HA, United Kingdom. Television programme production activities The financial statements have been presented in Pound (£) which is also the functional currency of the company.

Summary of Significant Accounting Policies

The following accounting policies have been applied consistently in dealing with items which are considered material in relation to the company's financial statements.

Statement of compliance

The financial statements of the company for the financial year ended 30 September 2025 have been prepared in accordance with the provisions of FRS 102 Section 1A (Small Entities) and the Companies Act 2006.

Basis of preparation

The financial statements have been prepared on the going concern basis and in accordance with the historical cost convention except for certain properties and financial instruments that are measured at revalued amounts or fair values, as explained in the accounting policies below. Historical cost is generally based on the fair value of the consideration given in exchange for assets.

Revenue

Revenue comprises the invoice value of goods supplied by the company, exclusive of trade discounts and value added tax.

Property, plant and equipment and depreciation

Property, plant and equipment are stated at cost or at valuation, less accumulated depreciation. Cost comprises purchase price and other directly attributable costs. The charge to depreciation is calculated to write off the original cost or valuation of property, plant and equipment, less their estimated residual value, over their expected useful lives as follows:

Plant and machinery

25% reducing balance

Fixtures, fittings and equipment

25% reducing balance

Motor vehicles

25% reducing balance

The carrying values of tangible fixed assets are reviewed annually for impairment in periods if events or changes in circumstances indicate the carrying value may not be recoverable.

Trade and other receivables

Trade and other receivables are initially recognised at fair value and thereafter stated at amortised cost using the effective interest method less impairment losses for bad and doubtful debts except where the effect of discounting would be immaterial. In such cases the receivables are stated at cost less impairment losses for bad and doubtful debts.

Provisions

Provisions are recognised when the company has a present legal or constructive obligation arising as a result of a past event, it is probable that an outflow of economic benefits will be required to settle the obligation and a reliable estimate can be made. Provisions are measured at the present value of the expenditures expected to be required to settle the obligation using a pre-tax rate that reflects current market assessments of the same value of money and the risks specific to the obligation. The increase in the provision due to passage of time is recognised as interest expense.

Trade and other payables

Trade and other payables are initially recognised at fair value and thereafter stated at amortised cost using the effective interest rate method, unless the effect of discounting would be immaterial, in which case they are stated at cost.

Taxation and deferred taxation

Current tax represents the amount expected to be paid or recovered in respect of taxable profits for the financial year and is calculated using the tax rates and laws that have been enacted or substantially enacted at the Statement of Financial Position date.

Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the balance sheet date where transactions or events have occurred at that date that will result in an obligation to pay more tax in the future, or a right to pay less tax in the future. Timing differences are temporary differences between the company's taxable profits and its results as stated in the financial statements.

Deferred tax is measured on an undiscounted basis at the tax rates that are anticipated to apply in the periods in which the timing differences are expected to reverse, based on tax rates and laws that have been enacted or substantively enacted by the Statement of Financial Position date.

Ordinary share capital

The ordinary share capital of the company is presented as equity.

Going concern

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

The directors have considered the company’s financial position and cash flow forecasts and are satisfied that the company has adequate resources to continue in business for the foreseeable future. Accordingly, the going concern basis has been adopted in preparing these financial statements.

Employees

The average monthly number of employees, including director, during the financial year was 1, (2024 - 1).

2025

2024

Number

Number

Employees

═════════


5.	Property, plant and equipment
		Plant and	Fixtures,	Motor	Total
		machinery	fittings and	vehicles
			equipment
		£	£	£	£
	Cost
	At 1 October 2024	2,705	11,084	13,233	27,022
		─────────	─────────	─────────	─────────

	At 30 September 2025	2,705	11,084	13,233	27,022
		─────────	─────────	─────────	─────────
	Depreciation
	At 1 October 2024	1,595	8,457	9,381	19,433
	Charge for the financial year	278	657	963	1,898
		─────────	─────────	─────────	─────────
	At 30 September 2025	1,873	9,114	10,344	21,331
		─────────	─────────	─────────	─────────
	Carrying amount
	At 30 September 2025	832	1,970	2,889	5,691
		═════════	═════════	═════════	═════════
	At 30 September 2024	1,110	2,627	3,852	7,589
		═════════	═════════	═════════	═════════


6.	Receivables	2025	2024
		£	£

	Trade receivables	4,481	-
		═════════	═════════


7.	Payables	2025	2024
	Amounts falling due within one year	£	£

	Taxation (Note 8)	8,159	7,908
	Director's current account	6,489	49
		─────────	─────────
		14,648	7,957
		═════════	═════════


8.	Taxation	2025	2024
		£	£

	Payables:
	VAT	4,224	4,702
	Corporation tax	3,653	3,166
	PAYE / NI	282	40
		─────────	─────────
		8,159	7,908
		═════════	═════════

Provisions for liabilities

The amounts provided for deferred taxation are analysed below:

Capital

Total

Total

allowances

2025

2024

At financial year start

1,442

1,442

1,923

Charged to profit and loss

(361)

(361)

(481)

─────────

At financial year end

1,081

1,442

═════════

10.

Capital commitments

The company had no material capital commitments at the financial year-ended 30 September 2025.

11.

Director's advances, credits and guarantees

At the balance sheet date, the company owed the director £6,489 in respect of funds introduced and expenses incurred on behalf of the company. The balance is unsecured, interest-free, and repayable on demand.

12.

Events After the End of the Reporting Period

There have been no significant events affecting the company since the financial year-end.

Will Horwell Limited

SUPPLEMENTARY INFORMATION RELATING TO THE FINANCIAL STATEMENTS

TRADING STATEMENT

for the financial year ended 30 September 2025




		2025	2024
	Schedule	£	£

Sales		81,322	92,815
Cost of sales	1	(11,380)	(18,166)
		─────────	─────────
Gross profit		69,942	74,649
		─────────	─────────
Gross profit Percentage		86.0%	80.4%
		─────────	─────────

Overhead expenses	2	(52,616)	(60,518)
		─────────	─────────
Net profit		17,326	14,131
		═════════	═════════

Will Horwell Limited

SUPPLEMENTARY INFORMATION RELATING TO THE FINANCIAL STATEMENTS

SCHEDULE 1 : COST OF SALES

for the financial year ended 30 September 2025




	2025	2024
	£	£
Cost of Sales

Materials	11,380	17,745
Direct costs	-	421
	─────────	─────────
	11,380	18,166
	═════════	═════════

Will Horwell Limited

SUPPLEMENTARY INFORMATION RELATING TO THE FINANCIAL STATEMENTS

SCHEDULE 2 : OVERHEAD EXPENSES

for the financial year ended 30 September 2025




	2025	2024
	£	£

Administration Expenses

Wages and salaries (including director's remuneration)	12,570	12,570
Social security costs	804	480
Pension costs	4,800	4,800
Staff training	169	3,821
Insurance	3,566	1,248
Repairs and maintenance	722	2,314
Printing, postage and stationery	110	4
Telephone Broadband	498	448
Computer costs	401	28
Motor expenses	6,908	9,204
Travelling and entertainment	14,826	18,652
Legal and professional	98	506
Accountancy Fees	2,013	1,855
Bank charges	12	-
General expenses	2,079	1,638
Subscriptions	1,104	251
Depreciation of property, plant and equipment	1,898	2,530
Charitable donations	38	169
	─────────	─────────
	52,616	60,518
	═════════	═════════