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Registration number: 10492101

Williamson & Croft Audit Ltd
Unaudited Filleted Financial Statements
for the Year Ended 31 October 2025

Williamson & Croft Audit Ltd

Contents

Company Information | 1
Balance Sheet | 2
Notes to the Unaudited Financial Statements | 3 to 8

Williamson & Croft Audit Ltd

Company Information

Director | Tor Stringfellow

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

Williamson & Croft Audit Ltd

(Registration number: 10492101)
Balance Sheet as at 31 October 2025

| Note | 2025 £ | 2024 £
Fixed assets |  |  |
Tangible assets | 4 | 1,508 | 1,897
Current assets |  |  |
Debtors | 5 | 488,711 | 219,153
Cash at bank and in hand |  | 180,637 | 225,465
|  | 669,348 | 444,618
Creditors: Amounts falling due within one year | 6 | (178,909) | (146,744)
Net current assets |  | 490,439 | 297,874
Net assets |  | 491,947 | 299,771
Capital and reserves |  |  |
Called up share capital | 7 | 296 | 200
Retained earnings |  | 491,651 | 299,571
Shareholders' funds |  | 491,947 | 299,771

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.

Director's 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 director acknowledges 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’.

These financial statements have been delivered in accordance with the provisions applicable to companies subject to the small companies regime and the option not to file the Profit and Loss Account and Directors' Report has been taken.

Approved and authorised by the director on 23 July 2026

......................................... Tor Stringfellow Director

Williamson & Croft Audit Ltd

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

These financial statements were authorised for issue by the director on 23 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.

Going concern

The company is in a profit position and after reviewing the forecasts and projections, the directors have a reasonable expectation that the company has adequate resources to continue in operational existence for the foreseeable future. The company therefore continues to adopt the going concern basis in preparing its financial statements.

Revenue recognition

Revenue represents amounts recoverable from clients for the provision of professional services during the year. 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 amounts recoverable on contracts in other debtors. Amounts invoiced to clients in excess of the income arising are included as deferred income in current liabilities.
Revenue includes direct recoverable expenses and disbursements incurred but excludes VAT.

Williamson & Croft Audit Ltd

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 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.

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 equipment | 2 - 3 years straight line

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 merchandise sold or 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.

Williamson & Croft Audit Ltd

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

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 the director) during the year, was 7 (2024 - 5).

Williamson & Croft Audit Ltd

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

4 | Tangible assets

| Furniture, fittings and equipment £ | Total £
Cost or valuation
At 1 November 2024 | 4,226 | 4,226
Additions | 947 | 947
Disposals | (600) | (600)
At 31 October 2025 | 4,573 | 4,573
Depreciation
At 1 November 2024 | 2,329 | 2,329
Charge for the year | 1,336 | 1,336
Eliminated on disposal | (600) | (600)
At 31 October 2025 | 3,065 | 3,065
Carrying amount
At 31 October 2025 | 1,508 | 1,508
At 31 October 2024 | 1,897 | 1,897

5 | Debtors

Current | Note | 2025 £ | 2024 £
Trade debtors |  | 122,068 | 136,511
Amounts due from group undertakings | 10 | 248,048 | 35,620
Prepayments |  | 8,061 | 6,928
Other debtors |  | 110,534 | 40,094
|  | 488,711 | 219,153

Williamson & Croft Audit Ltd

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

6 | Creditors

| 2025 £ | 2024 £
Due within one year |  |
Trade creditors | 6,990 | 3,711
Taxation and social security | 78,207 | 60,545
Accruals and deferred income | 516 | 3,144
Other creditors | 93,196 | 79,344
| 178,909 | 146,744

7 | Share capital

Allotted, called up and fully paid shares

| 2025 | 2024
| No. | £ | No. | £
Ordinary A of £1 each | 196 | 196 | 100 | 100
Ordinary B of £1 each | 99 | 99 | 99 | 99
Ordinary C of £1 each | 1 | 1 | 1 | 1
| 296 | 296 | 200 | 200

8 | Dividends

|  | 2025 £ |  | 2024 £
Interim dividend |  | 83,763 |  | 124,200

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 £473,868 (2024 - £578,584). 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.

Williamson & Croft Audit Ltd

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

10 | Related party transactions

The company has taken advantage of the exemption under FRS 102 (Section 1A) from disclosing transactions with its parent entity and other wholly owned subsidiaries of the Group.
As at the year end an amount of £20 (2024: £36) was owed to a director. The amounts are unsecured, interest free and repayable on demand.

Director's remuneration

The director's remuneration for the year was as follows:

| 2025 £ | 2024 £
Remuneration | 9,100 | 9,100

11 | Parent and ultimate parent undertaking

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