Williamson Croft Accountants Limited 10332044 false 2024-11-01 2025-10-31 2025-10-31 The principal activity of the company is that of an accountancy and tax practice. Digita Accounts Production Advanced 6.30.9574.0 true true 10332044 2024-11-01 2025-10-31 10332044 2025-10-31 10332044 core:CurrentFinancialInstruments 2025-10-31 10332044 core:CurrentFinancialInstruments core:WithinOneYear 2025-10-31 10332044 core:Goodwill 2025-10-31 10332044 core:FurnitureFittingsToolsEquipment 2025-10-31 10332044 core:LandBuildings 2025-10-31 10332044 bus:SmallEntities 2024-11-01 2025-10-31 10332044 bus:AuditExemptWithAccountantsReport 2024-11-01 2025-10-31 10332044 bus:FilletedAccounts 2024-11-01 2025-10-31 10332044 bus:SmallCompaniesRegimeForAccounts 2024-11-01 2025-10-31 10332044 bus:RegisteredOffice 2024-11-01 2025-10-31 10332044 bus:Director1 2024-11-01 2025-10-31 10332044 bus:Director2 2024-11-01 2025-10-31 10332044 bus:PrivateLimitedCompanyLtd 2024-11-01 2025-10-31 10332044 bus:Agent1 2024-11-01 2025-10-31 10332044 core:Goodwill 2024-11-01 2025-10-31 10332044 core:FurnitureFittings 2024-11-01 2025-10-31 10332044 core:FurnitureFittingsToolsEquipment 2024-11-01 2025-10-31 10332044 core:LandBuildings 2024-11-01 2025-10-31 10332044 core:LeaseholdImprovements 2024-11-01 2025-10-31 10332044 core:OfficeEquipment 2024-11-01 2025-10-31 10332044 1 2024-11-01 2025-10-31 10332044 countries:EnglandWales 2024-11-01 2025-10-31 10332044 2024-10-31 10332044 core:Goodwill 2024-10-31 10332044 core:FurnitureFittingsToolsEquipment 2024-10-31 10332044 core:LandBuildings 2024-10-31 10332044 2023-11-01 2024-10-31 10332044 2024-10-31 10332044 core:CurrentFinancialInstruments 2024-10-31 10332044 core:CurrentFinancialInstruments core:WithinOneYear 2024-10-31 10332044 core:Goodwill 2024-10-31 10332044 core:FurnitureFittingsToolsEquipment 2024-10-31 10332044 core:LandBuildings 2024-10-31 iso4217:GBP xbrli:pure

Registration number: 10332044

Williamson Croft Accountants Limited
Unaudited Filleted Financial Statements
for the Year Ended 31 October 2025

Williamson Croft Accountants Limited

Contents

Company Information | 1
Balance Sheet | 2 to 3
Notes to the Unaudited Financial Statements | 4 to 9

Williamson Croft Accountants Limited

Company Information

Directors | Mr Daniel Moon Mr Damien Loughran

Registered office | York House 20 York Street Manchester United Kingdom M2 3BB

Accountants | UHY Williamson Croft Chartered Certified AccountantsWilliamson Croft Accountants Ltd York House 20 York Street Manchester M2 3BB

Williamson Croft Accountants Limited

(Registration number: 10332044)
Balance Sheet as at 31 October 2025

| Note | 2025 £ | 2024 £
Fixed assets |  |  |
Intangible assets | 4 | 805,000 | 920,000
Tangible assets | 5 | 18,951 | 24,844
|  | 823,951 | 944,844
Current assets |  |  |
Debtors | 6 | 788,068 | 527,430
Cash at bank and in hand |  | 139,469 | 123,214
|  | 927,537 | 650,644
Creditors: Amounts falling due within one year | 7 | (874,743) | (630,868)
Net current assets |  | 52,794 | 19,776
Total assets less current liabilities |  | 876,745 | 964,620
Provisions for liabilities |  | (3,925) | (4,315)
Net assets |  | 872,820 | 960,305
Capital and reserves |  |  |
Called up share capital | 8 | 100 | 100
Retained earnings |  | 872,720 | 960,205
Shareholders' funds |  | 872,820 | 960,305

For the financial year ending 31 October 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 accounts for the year in question in accordance with section 476; and
• | The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.

These financial statements have been prepared in accordance with the provisions applicable to companies subject to the small companies regime and FRS 102 ‘The Financial Reporting Standard Applicable in the UK and Republic of Ireland’.

Williamson Croft Accountants Limited

(Registration number: 10332044)
Balance Sheet as at 31 October 2025

Approved and authorised by the Board on 21 July 2026 and signed on its behalf by:

......................................... Mr Daniel Moon Director
......................................... Mr Damien Loughran Director

Williamson Croft Accountants Limited

Notes to the Unaudited Financial Statements for the Year Ended 31 October 2025

1 | General information

The company is a private company limited by share capital, incorporated in England and Wales.

The address of its registered office is:
York House
20 York Street
Manchester
M2 3BB
United Kingdom

These financial statements were authorised for issue by the Board on 21 July 2026.

2 | Accounting policies

Summary of significant accounting policies and key accounting estimates

The principal accounting policies applied in the preparation of these financial statements are set out below. These policies have been consistently applied to all the years presented, unless otherwise stated.

Statement of compliance

These financial statements have been prepared in accordance with Financial Reporting Standard 102 Section 1A smaller entities - 'The Financial Reporting Standard applicable in the United Kingdom and Republic of Ireland' and the Companies Act 2006 (as applicable to companies subject to the small companies' regime).

Basis of preparation

These financial statements have been prepared using the historical cost convention except that as disclosed in the accounting policies certain items are shown at fair value.

The financial statements are presented in sterling which is the functional currency of the company.

Summary of disclosure exemptions

The accounts do not include a cash flow statement because the company, as a small reporting entity, is exempt from the requirements to prepare such a statement.

Group accounts not prepared

The company is part of a small group and has taken advantage of the exemption provided by the Companies Act 2006 and has not prepared group accounts.

Revenue recognition

Revenue represents amounts recoverable from clients for the provision of professional services during the year, excluding vat. Income arising from fixed fee assignments is recognised based on the degree of completion of the relevant service which is assessed on the basis of time spent. Where income is dependent on the occurrence of a critical event, no income is recognised until that event has occurred and the recovery of income is assured.
Amounts recoverable from client assignments in excess of amounts billed are included as accrued income in receivables. Amounts paid by clients in excess of amounts billed are included as deferred income in current liabilities.

Williamson Croft Accountants Limited

Notes to the Unaudited Financial Statements for the Year Ended 31 October 2025

Foreign currency transactions and balances

Transactions in foreign currencies are initially recorded at the functional currency rate prevailing at the date of the transaction. Monetary assets and liabilities denominated in foreign currencies are retranslated into the respective functional currency of the entity at the rates prevailing on the reporting period date. Non-monetary items carried at fair value that are denominated in foreign currencies are retranslated at the rate on the date when the fair value is re-measured.
Non-monetary items measured in terms of historical cost in a foreign currency are not retranslated.

Tax

The tax expense for the period comprises current and deferred tax. Tax is recognised in profit or loss, except that a change attributable to an item of income or expense recognised as other comprehensive income is also recognised directly in other comprehensive income.

The current income tax charge is calculated on the basis of tax rates and laws that have been enacted or substantively enacted by the reporting date in the countries where the company operates and generates taxable income.

Deferred tax is recognised in respect of all timing differences between taxable profits and profits reported in the financial statements.
Unrelieved tax losses and other deferred tax assets are recognised when 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 and that are expected to apply to the reversal of the timing difference.

Tangible assets

Tangible assets are stated in the balance sheet at cost, less any subsequent accumulated depreciation and subsequent accumulated impairment losses.
The cost of tangible assets includes directly attributable incremental costs incurred in their acquisition and installation.

Depreciation

Depreciation is charged so as to write off the cost of assets, other than land and properties under construction over their estimated useful lives, as follows:

Asset class | Depreciation method and rate
Computer and office equipment | 33% Straight line
Furniture and fixtures | 25% Reducing balance
Leasehold improvements | Straight line over the lease term

Goodwill

Goodwill arising on the acquisition of an entity represents the excess of the cost of acquisition over the company’s interest in the net fair value of the identifiable assets, liabilities and contingent liabilities of the entity recognised at the date of acquisition. Goodwill is initially recognised as an asset at cost and is subsequently measured at cost less accumulated amortisation and accumulated impairment losses. Goodwill is held in the currency of the acquired entity and revalued to the closing rate at each reporting period date. Goodwill is amortised over its useful life, which shall not exceed ten years if a reliable estimate of the useful life cannot be made.

Williamson Croft Accountants Limited

Notes to the Unaudited Financial Statements for the Year Ended 31 October 2025

Amortisation

Amortisation is provided on intangible assets so as to write off the cost, less any estimated residual value, over their useful life as follows:

Asset class | Amortisation method and rate
Goodwill | Straight line over 10 years

Cash and cash equivalents

Cash and cash equivalents comprise cash on hand and call deposits, and other short-term highly liquid investments that are readily convertible to a known amount of cash and are subject to an insignificant risk of change in value.

Trade debtors

Trade debtors are amounts due from customers for services performed in the ordinary course of business.
Trade debtors are recognised initially at the transaction price. They are subsequently measured at amortised cost using the effective interest method, less provision for impairment. A provision for the impairment of trade debtors is established when there is objective evidence that the company will not be able to collect all amounts due according to the original terms of the receivables.

Trade creditors

Trade creditors are obligations to pay for goods or services that have been acquired in the ordinary course of business from suppliers. Accounts payable are classified as current liabilities if the company does not have an unconditional right, at the end of the reporting period, to defer settlement of the creditor for at least twelve months after the reporting date. If there is an unconditional right to defer settlement for at least twelve months after the reporting date, they are presented as non-current liabilities.
Trade creditors are recognised initially at the transaction price and subsequently measured at amortised cost using the effective interest method.

Leases

Leases in which substantially all the risks and rewards of ownership are retained by the lessor are classified as operating leases. Payments made under operating leases are charged to profit or loss on a straight-line basis over the period of the lease.

Share capital

Ordinary shares are classified as equity. Equity instruments are measured at the fair value of the cash or other resources received or receivable, net of the direct costs of issuing the equity instruments. If payment is deferred and the time value of money is material, the initial measurement is on a present value basis.

Defined contribution pension obligation

A defined contribution plan is a pension plan under which fixed contributions are paid into a pension fund and the company has no legal or constructive obligation to pay further contributions even if the fund does not hold sufficient assets to pay all employees the benefits relating to employee service in the current and prior periods.
Contributions to defined contribution plans are recognised as employee benefit expense when they are due. If contribution payments exceed the contribution due for service, the excess is recognised as a prepayment.

3 | Staff numbers

The average number of persons employed by the company (including directors) during the year, was 23 (2024 - 18).

Williamson Croft Accountants Limited

Notes to the Unaudited Financial Statements for the Year Ended 31 October 2025

4 | Intangible assets

| Goodwill £ | Total £
Cost or valuation
At 1 November 2024 | 1,150,000 | 1,150,000
At 31 October 2025 | 1,150,000 | 1,150,000
Amortisation
At 1 November 2024 | 230,000 | 230,000
Amortisation charge | 115,000 | 115,000
At 31 October 2025 | 345,000 | 345,000
Carrying amount
At 31 October 2025 | 805,000 | 805,000
At 31 October 2024 | 920,000 | 920,000

5 | Tangible assets

| Leasehold improvements £ | Furniture, fittings and equipment £ | Total £
Cost or valuation
At 1 November 2024 | 22,796 | 33,390 | 56,186
Additions | - | 7,141 | 7,141
At 31 October 2025 | 22,796 | 40,531 | 63,327
Depreciation
At 1 November 2024 | 12,158 | 19,184 | 31,342
Charge for the year | 6,080 | 6,954 | 13,034
At 31 October 2025 | 18,238 | 26,138 | 44,376
Carrying amount
At 31 October 2025 | 4,558 | 14,393 | 18,951
At 31 October 2024 | 10,638 | 14,206 | 24,844

Williamson Croft Accountants Limited

Notes to the Unaudited Financial Statements for the Year Ended 31 October 2025

6 | Debtors

Current | Note | 2025 £ | 2024 £
Trade debtors |  | 642,771 | 364,844
Amounts due from group undertakings and undertakings in which the company has a participating interest | 10 | 13,344 | 10,000
Prepayments and accrued income |  | 127,555 | 150,862
Other debtors |  | 4,398 | 1,724
|  | 788,068 | 527,430

7 | Creditors

| Note | 2025 £ | 2024 £
Due within one year |  |  |
Trade creditors |  | 65,631 | 84,848
Amounts owed to group undertakings and undertakings in which the company has a participating interest | 10 | 247,313 | 130,037
Taxation and social security |  | 274,845 | 216,523
Accruals and deferred income |  | 282,390 | 195,873
Other creditors |  | 4,564 | 3,587
|  | 874,743 | 630,868

8 | Share capital

Allotted, called up and fully paid shares

| 2025 | 2024
| No. | £ | No. | £
Ordinary of £1 each | 100 | 100 | 100 | 100

Williamson Croft Accountants Limited

Notes to the Unaudited Financial Statements for the Year Ended 31 October 2025

9 | Financial commitments, guarantees and contingencies

Amounts not provided for in the balance sheet

The total amount of financial commitments, guarantees and contingencies not included in the balance sheet is £539,266 (2024 - £614,888). Included within this balance is £442,751 (2024 - £571,639) which relates to cross guarantees provided in respect of a bank loan provided to the parent company Williamson Croft Holdings Ltd.

10 | Related party transactions

The company has taken advantage of the exemption conferred by section 1A of FRS 102 not to disclose transactions with wholly owned members of the group headed by Williamson Croft Holdings Ltd.

11 | Parent and ultimate parent undertaking

The company's immediate parent is Williamson Croft Holdings Limited, incorporated in England and Wales.