Company registration number 14275948 (England and Wales)
WILLIAMS GODRICH LTD
UNAUDITED FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 AUGUST 2025
PAGES FOR FILING WITH REGISTRAR
WILLIAMS GODRICH LTD
CONTENTS
Page
Balance sheet
1
Notes to the financial statements
2 - 4
WILLIAMS GODRICH LTD
BALANCE SHEET
AS AT
31 AUGUST 2025
31 August 2025
- 1 -
2025
2024
Notes
£
£
£
£
Current assets
Debtors
3
13,981
1,893
Cash at bank and in hand
367
1,443
14,348
3,336
Creditors: amounts falling due within one year
4
(23,512)
(17,132)
Net current liabilities
(9,164)
(13,796)
Capital and reserves
Called up share capital
2
2
Profit and loss reserves
(9,166)
(13,798)
Total equity
(9,164)
(13,796)
For the financial year ended 31 August 2025 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.
The members have not required the company to obtain an audit of its financial statements for the year in question 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.
These financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime.
The directors of the company have elected not to include a copy of the profit and loss account within the financial statements.true
The financial statements were approved by the board of directors and authorised for issue on 19 August 2026 and are signed on its behalf by:
Mr R Williams
Director
Company registration number 14275948 (England and Wales)
WILLIAMS GODRICH LTD
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 AUGUST 2025
- 2 -
1
Accounting policies
Company information
Williams Godrich Ltd is a private company limited by shares incorporated in England and Wales. The registered office is 3rd Floor, The Bloomsbury Building, 10 Bloomsbury Way, Holborn, WC1A 2SL.
1.1
Accounting convention
These financial statements have been prepared in accordance with FRS 102 “The Financial Reporting Standard applicable in the UK and Republic of Ireland” (“FRS 102”) and the requirements of the Companies Act 2006 as applicable to companies subject to the small companies regime. The disclosure requirements of section 1A of FRS 102 have been applied other than where additional disclosure is required to show a true and fair view.
The financial statements are prepared in sterling, which is the functional currency of the company. Monetary amounts in these financial statements are rounded to the nearest £.
The financial statements have been prepared under the historical cost convention. The principal accounting policies adopted are set out below.
1.2
Going concern
Atruet the time of approving the financial statements, the directors have a reasonable expectation that the company has adequate resources to continue in operational existence for the foreseeable future. Thus the directors continue to adopt the going concern basis of accounting in preparing the financial statements.
1.3
Turnover
Turnover is recognised as the fair value of consideration received or receivable for artwork sales, net of discounts, returns and VAT. Revenue is recognised when control and the significant risks and rewards of ownership pass to the customer (typically on delivery or collection).
1.4
Cash and cash equivalents
Cash and cash equivalents are basic financial assets and 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.
1.5
Financial instruments
The company only has financial instruments which are classified as basic financial instruments.
Short-term debtors and creditors are measured at the settlement value. Any losses from impairment are recognised in profit and loss.
Bank loans are initially recorded at the transaction price including transaction costs. Subsequently, they are measured at amortised cost using the effective interest rate method.
1.6
Equity instruments
Equity instruments issued by the company are recorded at the proceeds received, net of transaction costs. Dividends payable on equity instruments are recognised as liabilities once they are no longer at the discretion of the company.
WILLIAMS GODRICH LTD
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 31 AUGUST 2025
1
Accounting policies
(Continued)
- 3 -
1.7
Employee benefits
The costs of short-term employee benefits are recognised as a liability and an expense, unless those costs are required to be recognised as part of the cost of stock or fixed assets.
The cost of any unused holiday entitlement is recognised in the period in which the employee’s services are received.
Termination benefits are recognised immediately as an expense when the company is demonstrably committed to terminate the employment of an employee or to provide termination benefits.
2
Employees
The average monthly number of persons (including directors) employed by the company during the year was:
2025
2024
Number
Number
Total
3
3
3
Debtors
2025
2024
Amounts falling due within one year:
£
£
Other debtors
13,981
1,893
4
Creditors: amounts falling due within one year
2025
2024
£
£
Trade creditors
7,353
9,266
Corporation tax
1,902
Other creditors
16,159
5,964
23,512
17,132
5
Illegal dividends
In the previous year's accounts, dividends of £13,798 were inadvertently issued in excess of distributable reserves. They have therefore been repaid in the current year accounts.
WILLIAMS GODRICH LTD
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 31 AUGUST 2025
- 4 -
6
Related party transactions
At the Balance Sheet date, the company owed £3,320 to You're Not Famous LLP (2024: £3,320), a related party by virtue of Robert Williams being the ultimate controlling party of the LLP.
During the year, the company received £10,000 from Farrell Music Limited, a related party by virtue of Robert Williams being the ultimate controlling party of Farrell Music Limited. At the Balance Sheet date, the balance owed to Farrell Music Limited was £10,000 (2024: £Nil).
During the year, Lufthaus Limited, a related party by virtue of Robert Williams being a director and shareholder of Lufthaus Limited, incurred £266 of expenses on behalf of the company. At the Balance Sheet date, the balance owed to Lufthaus Limited was £641 (2024: £375).
During the year, Edward Godrich, a related party by virtue of being a director and shareholder of the company, incurred expenses totalling £456 on behalf of the company, and withdrew £6,899. At the Balance Sheet date, the balance owed to the company was £6,443 (2024: £Nil).
During the year, Robert Williams, a related party by virtue of being a director and shareholder of the company, withdrew £6,899 from the company. At the Balance Sheet date, the balance owed to the company was £6,899 (2024: £Nil).