Company No:
Contents
| DIRECTORS | Oliver William Coysh |
| Thomas Lyall Oxford-Edwards |
| REGISTERED OFFICE | 4 Otter Court Manaton Close |
| Marsh Barton Trading Estate | |
| Exeter | |
| EX2 8PF | |
| United Kingdom |
| COMPANY NUMBER | 13873635 (England and Wales) |
| ACCOUNTANT | Gravita Western Limited |
| Keble House | |
| Southernhay Gardens | |
| Exeter | |
| EX1 1NT | |
| United Kingdom |
| Note | 2025 | 2024 | ||
| £ | £ | |||
| Fixed assets | ||||
| Investments |
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| 125 | 125 | |||
| Current assets | ||||
| Debtors | ||||
| - due within one year | 3 |
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| Cash at bank and in hand | 4 |
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| 257,940 | 226,074 | |||
| Creditors: amounts falling due within one year | 5 | (
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| Net current assets | 249,209 | 226,074 | ||
| Total assets less current liabilities | 249,334 | 226,199 | ||
| Net assets |
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| Capital and reserves | ||||
| Called-up share capital | 6 |
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| Profit and loss account |
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| Total shareholders' funds |
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Directors' responsibilities:
The financial statements of William & Lyall Limited (registered number:
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Thomas Lyall Oxford-Edwards
Director |
Oliver William Coysh
Director |
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.
William & Lyall 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 4 Otter Court Manaton Close, Marsh Barton Trading Estate, Exeter, EX2 8PF, 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 £.
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.
The company has elected to apply the provisions of Section 11 'Basic Financial Instruments' and Section 12'Other Financial Instruments Issues' of FRS 102 to all of its financial instruments. Financial instruments are recognised when the company becomes party to the contractual provisions of the instrument. Financial assets and liabilities are offset, with the net amounts presented in the financial statements, when there is a legally enforceable right to set off the recognised amounts and there is an intention to settle on a net basis or to realise the asset and settle the liability simultaneously.
Basic financial assets, which include trade and other debtors, amounts due from group undertakings and cash and bank balances, are initially measured at transaction price including transaction costs and are subsequently carried at amortised cost. Financial assets are derecognised only when the contractual rights to the cash flows from the asset expire or are settled, or when the company transfers the financial asset and substantially all the risks and rewards of ownership to another entity, or if some significant risks and rewards of ownership are retained but control of the asset has transferred to another party that is able to sell the asset in its entirety to an unrelated third party.
Basic financial liabilities, including trade and other creditors and amounts due to group undertakings are initially recognised at transaction price unless the arrangement constitutes a financing transaction, where the debt instrument is measured at the present value of the future payments discounted at a market rate of interest. Debt instruments are subsequently carried at amortised cost, using the effective interest rate method. Financial liabilities are derecognised when, and only when, the company's contractual obligations are discharged, cancelled, or they expire.
| 2025 | 2024 | ||
| Number | Number | ||
| Monthly average number of persons employed by the Company during the year, including directors |
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| 2025 | 2024 | ||
| £ | £ | ||
| Debtors: amounts falling due within one year | |||
| Amounts owed by Group undertakings (note 7) |
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| Amounts owed by directors (note 7) |
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| S455 |
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| 2025 | 2024 | ||
| £ | £ | ||
| Cash at bank and in hand |
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Cash and cash equivalents 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.
| 2025 | 2024 | ||
| £ | £ | ||
| Taxation and social security |
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| 2025 | 2024 | ||
| £ | £ | ||
| Allotted, called-up and fully-paid | |||
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| 125 | 125 |
At the balance sheet date, the director’s loan account was overdrawn by £44,957.31 (2024: £0). The balance is unsecured, interest has been charged at the HM Revenue and Customs official rate £2,100 (2024 £0) and repayable on demand.