Hugh Williams Limited - Accounts to registrar (filleted) - small 18.2

REGISTERED NUMBER: 05560310

UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 30 SEPTEMBER 2019

FOR

HUGH WILLIAMS LIMITED

Page

Company Information

1

Abridged Balance Sheet

2

Notes to the Financial Statements

4

DIRECTORS:

Mrs E R Jones

Mrs M Hickman

SECRETARY:

Mrs M Hickman

REGISTERED OFFICE:

81 Rhosmaen Street

Llandeilo

Carmarthenshire

SA19 6HD

REGISTERED NUMBER:

05560310

ACCOUNTANTS:

Ashmole & Co

3 Market Street

Llandeilo

Carmarthenshire

SA19 6AH

FIXED ASSETS

Intangible assets

4

-

-

Tangible assets

5

6,716

4,152

6,716

4,152

CURRENT ASSETS

Debtors

83,011

77,922

Cash at bank and in hand

2,272,837

2,640,765

2,355,848

2,718,687

CREDITORS

Amounts falling due within one year

2,176,107

2,585,602

NET CURRENT ASSETS

179,741

133,085

TOTAL ASSETS LESS CURRENT LIABILITIES

186,457

137,237

PROVISIONS FOR LIABILITIES

1,078

-

NET ASSETS

185,379

137,237

CAPITAL AND RESERVES

Called up share capital

100

100

Retained earnings

185,279

137,137

185,379

137,237

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 30 September 2019.

The members have not required the company to obtain an audit of its financial statements for the year ended 30 September 2019 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.

All the members have consented to the preparation of an abridged Balance Sheet for the year ended 30 September 2019 in accordance with Section 444(2A) of the Companies Act 2006.

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

The financial statements were approved by the Board of Directors on 11 March 2020 and were signed on its behalf by:

Mrs M Hickman - Director

Mrs E R Jones - Director

1.	STATUTORY INFORMATION

Hugh Williams Limited is a private company, limited by shares , registered in Not specified/Other. 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.

Turnover

Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates,

value added tax and other sales taxes.

Goodwill

Goodwill, being the amount paid in connection with the acquisition of a business in 0, is being amortised evenly over its estimated useful life of nil years.

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.

Tangible fixed assets

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

Plant and machinery etc

-

15% on cost

Taxation

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.

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 9 (2018 - 9 ) .

4.	INTANGIBLE FIXED ASSETS

Totals

£

COST

At 1 October 2018

and 30 September 2019

30,000

AMORTISATION

At 1 October 2018

and 30 September 2019

30,000

NET BOOK VALUE

At 30 September 2019

-

At 30 September 2018

-

5.	TANGIBLE FIXED ASSETS

Totals

£

COST

At 1 October 2018

35,082

Additions

4,347

At 30 September 2019

39,429

DEPRECIATION

At 1 October 2018

30,930

Charge for year

1,783

At 30 September 2019

32,713

NET BOOK VALUE

At 30 September 2019

6,716

At 30 September 2018

4,152