Company Registration No. 05998688 (England and Wales)
Williams & Smithells Limited
Unaudited accounts
for the year ended 30 November 2025
Williams & Smithells Limited
Unaudited accounts
Contents
Williams & Smithells Limited
Company Information
for the year ended 30 November 2025
Company Number
05998688 (England and Wales)
Registered Office
Highland House
Mayflower Close, Chandlers Ford
Eastleigh
Hampshire
SO53 4AR
Accountants
Hopper Williams & Bell Limited
Highland House
Mayflower Close
Chandlers Ford
Eastleigh
SO53 4AR
Williams & Smithells Limited
Statement of financial position
as at 30 November 2025
Tangible assets
1,803
1,759
Cash at bank and in hand
289,897
384,565
Creditors: amounts falling due within one year
(38,925)
(121,355)
Net current assets
302,750
327,522
Total assets less current liabilities
304,553
329,281
Creditors: amounts falling due after more than one year
-
(5,000)
Provisions for liabilities
Net assets
304,102
324,018
Called up share capital
100
100
Profit and loss account
304,002
323,918
Shareholders' funds
304,102
324,018
For the year ending 30 November 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 in accordance with section 476 of the Companies Act 2006.
The director acknowledges his responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.
These accounts have been prepared and delivered 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. The profit and loss account has not been delivered to the Registrar of Companies.
The financial statements were approved by the Board and authorised for issue on 27 August 2026 and were signed on its behalf by
Mark Ellyatt
Director
Company Registration No. 05998688
Williams & Smithells Limited
Notes to the Accounts
for the year ended 30 November 2025
Williams & Smithells Limited is a private company, limited by shares, registered in England and Wales, registration number 05998688. The registered office is Highland House, Mayflower Close, Chandlers Ford, Eastleigh, Hampshire, SO53 4AR.
2
Compliance with accounting standards
The accounts have been prepared in accordance with the provisions of FRS 102 Section 1A Small Entities. There were no material departures from that standard.
The principal accounting policies adopted in the preparation of the financial statements are set out below and have remained unchanged from the previous year, and also have been consistently applied within the same accounts.
These financial statements have been prepared in accordance with FRS102 "The financial Reporting Standards 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 FRS102 have been applied other than where additional disclosure is required to show a true and far 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 £1.
The financial statements have been prepared under the historical cost convention, modified to include certain financial instruments at fair value. The principal accounting policies adopted are set out below.
The accounts are presented in £ sterling.
Turnover represents the value of services provided under contracts to the extent that there is a right to consideration and is recorded at the value of the consideration due.
Tangible fixed assets and depreciation
Tangible assets are included at cost less depreciation and impairment. Depreciation has been provided at the following rates in order to write off the assets over their estimated useful lives:
Land & buildings
10% Straight Line
Motor vehicles
25% Reducing Balance
Fixtures & fittings
10% Straight Line
Computer equipment
33% Straight Line
Taxation for the year comprises current and deferred tax. Tax is recognised in the Statement of Income and Retained Earnings, except to the extent that it relates to items recognised in other comprehensive income or directly in equity.
Current or deferred taxation assets and liabilities are not discounted.
Current tax is recognised at the amount of tax payable using the tax rates and laws that have been enacted or substantively enacted by the balance sheet date.
Williams & Smithells Limited
Notes to the Accounts
for the year ended 30 November 2025
Bounce Back Loan scheme: The BIP is payable in respect of the loan interest for the first 12 months, together with any related fees. The accrual model has been used to recognise the income on a systematic basis over the periods in which the related finance costs are incurred. The company has also benefited from the UK government's provision of security for 80% of the loan.
Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the balance sheet date.
Timing differences arise from the inclusion of income and expenses in tax assessments in periods different from those in which they are recognised in financial statements. Deferred tax is measured using tax rates and laws that have been enacted or substantively enacted by the year end and that are expected to apply to the reversal of the timing difference.
Unrelieved tax losses and other deferred tax assets are recognised only to the extent that it is probable that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits.
Assets and liabilities in foreign currencies are translated into sterling at the rates of exchange ruling at the balance sheet date. Transactions in foreign currencies are translated into sterling at the rate of exchange ruling at the date of transaction. Exchange differences are taken into account in arriving at the operating result.
The company operates a defined contribution pension scheme. Contributions payable to the company's pension scheme are charged to profit or loss in the period to which they relate.
The Company has elected to apply the provision of Section 11 'Basic Financial Instruments' and Section 12 'Other Financial Instruments Issues' of FRS 102 to all of its financial instruments.
Financial assets are recognised in the company's statement of financial position when the company becomes party to the contractual provisions of the instrument.
Basic financial assets, which include trade and other receivables and cash and bank balances are initially measured at transaction price including transaction costs and are subsequently carried at amortised cost using the effective interest method, unless the arrangement constitutes a financial transaction, where the transaction is measured at the present value of the future receipts discounted at a market rate of interest.
Basic financial liabilities which include trade and other payables, are initially measured at transaction price and subsequently measured at amortised cost, unless the arrangement constitutes a financing transaction where the debt instrument is measured at the present value of the future receipts discounted at a market rate of interest.
Equity instruments issued by the company are recorded at the fair value of the proceeds received net of direct issue costs. Dividend's payable on equity instruments are recognised as liabilities once they are no longer at the discretion of the company.
Williams & Smithells Limited
Notes to the Accounts
for the year ended 30 November 2025
4
Tangible fixed assets
Land & buildings
Motor vehicles
Fixtures & fittings
Computer equipment
Total
Cost or valuation
At cost
At cost
At cost
At cost
At 1 December 2024
7,073
13,147
3,262
15,937
39,419
Additions
-
-
-
2,342
2,342
At 30 November 2025
7,073
13,147
3,262
18,279
41,761
At 1 December 2024
6,365
12,825
3,236
15,234
37,660
Charge for the year
707
81
26
1,484
2,298
At 30 November 2025
7,072
12,906
3,262
16,718
39,958
At 30 November 2025
1
241
-
1,561
1,803
At 30 November 2024
708
322
26
703
1,759
Amounts falling due within one year
Trade debtors
7,764
18,576
Accrued income and prepayments
2,170
4,945
Other debtors
41,844
40,791
6
Creditors: amounts falling due within one year
2025
2024
Bank loans and overdrafts
4,968
10,000
Taxes and social security
5,112
17,816
Other creditors
22,374
79,386
7
Creditors: amounts falling due after more than one year
2025
2024
8
Average number of employees
During the year the average number of employees was 2 (2024: 2).