REGISTERED NUMBER: 00408695 (England and Wales)

Unaudited Financial Statements

for the Year Ended 31 December 2025

for

Williams Automobiles Limited

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

4

DIRECTORS:

J H Williams

R F Williams

SECRETARY:

J H Williams

REGISTERED OFFICE:

Totteroak Courtyard

Horton

Chipping Sodbury

BS37 6QG

REGISTERED NUMBER:

00408695 (England and Wales)

ACCOUNTANTS:

Wormald & Partners

Chartered Accountants (ICAEW)

Brunel House

11 The Promenade

Clifton Down

Bristol

BS8 3NG

FIXED ASSETS

Tangible assets

4

371,682

376,351

Investment property

5

6,235,000

6,395,000

6,606,682

6,771,351

CURRENT ASSETS

Stocks

6

2,028,952

2,294,064

Debtors

7

261,772

248,335

Cash at bank and in hand

618,143

189,994

2,908,867

2,732,393

CREDITORS

Amounts falling due within one year

8

1,537,323

1,396,936

NET CURRENT ASSETS

1,371,544

1,335,457

TOTAL ASSETS LESS CURRENT LIABILITIES

7,978,226

8,106,808

CREDITORS

Amounts falling due after more than one year

9

(470,120

)

(582,456

)

PROVISIONS FOR LIABILITIES

(476,649

)

(513,223

)

NET ASSETS

7,031,457

7,011,129

CAPITAL AND RESERVES

Called up share capital

2,600

2,600

Revaluation reserve

10

2,533,242

2,693,242

Retained earnings

4,495,615

4,315,287

7,031,457

7,011,129

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 December 2025.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 December 2025 in accordance with Section 476 of the Companies Act 2006.

The directors acknowledge their responsibilities for:

(a)	ensuring that the company keeps accounting records which comply with Sections 386 and 387 of the Companies Act 2006 and

(b)

preparing financial statements which give a true and fair view of the state of affairs of the company as at the end of each financial year and of its profit or loss for each financial year in accordance with the requirements of Sections 394 and 395 and which otherwise comply with the requirements of the Companies Act 2006 relating to financial statements, so far as applicable to the company.

The financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime.

In accordance with Section 444 of the Companies Act 2006, the Income Statement has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 10 August 2026 and were signed on its behalf by:

J H Williams - Director

R F Williams - Director

1.	STATUTORY INFORMATION

Williams Automobiles Limited is a private company, limited by shares , registered in England and Wales. The company's registered number and registered office address can be found on the Company Information page.

2.	ACCOUNTING POLICIES

Basis of preparing the financial statements

These financial statements have been prepared in accordance with Financial Reporting Standard 102 "The Financial Reporting Standard applicable in the UK and Republic of Ireland" including the provisions of Section 1A "Small Entities" and the Companies Act 2006. The financial statements have been prepared under the historical cost convention as modified by the revaluation of certain assets.

Turnover

Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes.

Intangible assets

Intangible assets are initially measured at cost. After initial recognition, intangible assets are measured at cost less any accumulated amortisation and any accumulated impairment losses.

Patents and licences have been fully amortised in the current year.

Tangible fixed assets

Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.

Freehold property

-

2% on cost

Plant and machinery

-

25% on reducing balance basis

Fixtures and fittings

-

25% on reducing balance basis

Computer equipment

-

25% on reducing balance basis

Investment property

Investment property is shown at most recent valuation. Any aggregate surplus or deficit arising from changes in fair value is recognised in profit or loss.

Stocks

Stocks are valued at the lower of cost and net realisable value, after making due allowance for obsolete and slow moving items.

Taxation

Taxation for the year comprises current and deferred tax. Tax is recognised in the Income Statement, 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.

Deferred tax

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.

Pension costs and other post-retirement benefits

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.

3.	EMPLOYEES AND DIRECTORS

The average number of employees during the year was 21 (2024 - 22 ) .

4.	TANGIBLE FIXED ASSETS

Fixtures

Freehold

Plant and

and

Computer

property

machinery

fittings

equipment

Totals

£

£

£

£

£

COST

At 1 January 2025

438,965

179,783

21,787

24,600

665,135

Additions

-

12,733

2,000

2,882

17,615

Disposals

-

(5,500

)

-

-

(5,500

)

At 31 December 2025

438,965

187,016

23,787

27,482

677,250

DEPRECIATION

At 1 January 2025

102,082

156,601

9,581

20,520

288,784

Charge for year

8,779

7,173

3,385

1,207

20,544

Eliminated on disposal

-

(3,760

)

-

-

(3,760

)

At 31 December 2025

110,861

160,014

12,966

21,727

305,568

NET BOOK VALUE

At 31 December 2025

328,104

27,002

10,821

5,755

371,682

At 31 December 2024

336,883

23,182

12,206

4,080

376,351

5.	INVESTMENT PROPERTY

Total

£

FAIR VALUE

At 1 January 2025

6,395,000

Revaluations

(160,000

)

At 31 December 2025

6,235,000

NET BOOK VALUE

At 31 December 2025

6,235,000

At 31 December 2024

6,395,000

Fair value at 31 December 2025 is represented by:

£

Valuation in 2025

6,235,000

Investment properties were valued on an open market basis on 31 December 2025 by an independent third party valuer .

6.

STOCKS

2025

2024

£

£

Car stock

1,828,279

2,097,755

Parts stock

200,673

196,309

2,028,952

2,294,064

7.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2025

2024

£

£

Trade debtors

147,920

126,776

Other debtors

101,010

90,141

Prepayments and accrued income

12,842

31,418

261,772

248,335

8.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2025

2024

£

£

Bank loans and overdrafts

-

64,219

Pension loans

137,957

150,152

Trade creditors

1,029,277

884,074

Tax

46,321

19,776

Social security and other taxes

15,538

13,459

VAT

33,359

15,671

Directors loans

105,606

140,530

Other creditors

-

3,231

Accrued expenses

169,265

105,824

1,537,323

1,396,936

9.

CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR

2025

2024

£

£

Pension loans

470,120

582,456

10.

RESERVES

Revaluation

reserve

£

At 1 January 2025

2,693,242

Revaluation movement

(160,000

)

At 31 December 2025

2,533,242

11.	RELATED PARTY DISCLOSURES

Included within creditors there is a loan that was received in 2023 from the pension fund of R F Williams, a director of the company. At the balance sheet date, the amount outstanding was £269,751 (2024: £332,608). The loan is being repaid over 5 years at an interest rate of 7.25% per annum.

Included within creditors there is a loan that was received in 2024 from the pension fund of R F Williams, a director of the company. At the balance sheet date, the amount outstanding was £338,325 (2024: £400,000). The loan is being repaid over 5 years at an interest rate of 7.5% per annum.

The board of directors have made loans to the benefit of the company totalling £105,606 (2024: £140,530). The loans are unsecured, interest free and there are no terms as to repayment.

The company has paid to Mr R F & Mrs L Williams the sum of £2,500 (2024: £2,500) in respect of a rent charge on a strip of land that the company uses adjacent to their home.

Mr J H Williams is a shareholder within Librands Limited. Included within other debtors is balance due to the company from Librands Limited of £101,010 (2024: £90,141). This is an interest free loan.