Accounts filed on 31-08-2019


Registered number: 07341915






William I'Anson Ltd


ACCOUNTS

FOR THE YEAR ENDED 31/08/2019
























Prepared By:
DELROSE CONSULTING LTD
Chartered Management Accountants
Wittas House
Two Rivers, Station Lane
Witney
OXON
OX28 4BH


BALANCE SHEET AT 31/08/2019

			2019		2018
	Notes		£		£

FIXED ASSETS
Tangible assets	2		868,957		838,521

CURRENT ASSETS
Stock		50,000		50,000
Debtors	4	14,401		6,678
Cash at bank and in hand		209,181		136,122
		273,582		192,800
CREDITORS: Amounts falling due within one year	5	95,067		94,806
NET CURRENT ASSETS			178,515		97,994
TOTAL ASSETS LESS CURRENT LIABILITIES			1,047,472		936,515


CREDITORS: Amounts falling due after more than one year	6		412,422		420,079


PROVISIONS FOR LIABILITIES AND CHARGES	8		16,388		10,605

NET ASSETS			618,662		505,831

CAPITAL AND RESERVES

Called up share capital	9		1		1
Profit and loss account			618,661		505,830
SHAREHOLDERS' FUNDS			618,662		505,831

For the year ending 31/08/2019 the company was entitled to exemption 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 directors acknowledge their 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.
The directors have decided not to deliver to the registrar a copy of the company's profit and loss account.

Approved by the board on 26/11/2019 and signed on their behalf by



.............................
W R I'Anson
Director

1. ACCOUNTING POLICIES




1a. Depreciation
Depreciation has been provided at the following rates in order to write off the assets over their estimated useful lives.
The Company'spolicy is to depreciate Land & Buildings at a rate of 2%. No depreciaton was provided in these accounts as the residual value of the property exceeds the cost.

Plant And Machinery		reducing balance25%
Fixtures And Fittings		reducing balance15%
Equipment		reducing balance25%
Motor Cars		reducing balance25%




1b. Stocks
Stocks are stated at the lower of cost and estimated selling price less costs to complete and sell (net realisable value). Costs, which comprise direct production costs, are based on the method most appropriate to the type of inventory class, but usually on a first-in-first-out basis. Overheads are charged to profit or loss as incurred. Net realisable value is based on the estimated selling price less any estimated completion or selling costs.
When stocks are sold, the carrying amount of those stocks is recognised as an expense in the period in which the related revenue is recognised. The amount of any write-down of stocks to net realisable value and all losses of stocks are recognised as an expense in the period in which the write-down or loss occurs. The amount of any reversal of any write-down of stocks is recognised as a reduction in the amount of stocks recognised as an expense in the period in which the reversal occurs.




1c. Pension Costs
The company operates a defined contribution pension scheme. The pension charge represents the amounts payable by the company to the fund in respect of the year.




1d. Basis Of Accounting
The accounts have been prepared under the historical cost convention.
The accounts have been prepared in accordance with FRS102 section 1A - The Financial Reporting Standard applicable in the UK and Republic of Ireland and the Companies Act 2006.




4. DEBTORS	2019	2018
	£	£
Amounts falling due within one year
Trade debtors	6,027	4,823
Prepayments	8,374	1,855
	14,401	6,678




5. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
	2019	2018
	£	£
VAT	13,183	38,673
PAYE control	867	925
Directors current account	370	203
Bank Loan	27,678	26,621
Credit card	7,268	5,585
Trade creditors	11,564	1,579
Other creditors	32,602	19,737
Pension schemes	69	158
Accruals	1,466	1,325
	95,067	94,806




6. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR
	2019	2018
	£	£
Bank loans (secured) >1yr	412,422	420,079
	412,422	420,079




9. SHARE CAPITAL	2019	2018
	£	£
Allotted, issued and fully paid:
1 Class 1 shares of £1 each	1	1
	1	1