Accounts filed on 31-08-2020


Registered number: 07341915






William I'Anson Ltd


ACCOUNTS

FOR THE YEAR ENDED 31/08/2020
























Prepared By:
DELROSE CONSULTING LTD
CHARTERED MANAGEMENT ACCOUNTANTS
WITTAS HOUSE
2 RIVERS, STATION LANE
WITNEY
OX28 4BH


BALANCE SHEET AT 31/08/2020

			2020		2019
	Notes		£		£

FIXED ASSETS
Tangible assets	2		860,595		868,957

CURRENT ASSETS
Stock		-		50,000
Debtors	4	5,663		14,401
Cash at bank and in hand		185,110		209,181
		190,773		273,582
CREDITORS: Amounts falling due within one year	5	86,909		95,067
NET CURRENT ASSETS			103,864		178,515
TOTAL ASSETS LESS CURRENT LIABILITIES			964,459		1,047,472


CREDITORS: Amounts falling due after more than one year	6		334,660		412,422


PROVISIONS FOR LIABILITIES AND CHARGES	8		14,799		16,388

NET ASSETS			615,000		618,662

CAPITAL AND RESERVES

Called up share capital	9		1		1
Profit and loss account			614,999		618,661
SHAREHOLDERS' FUNDS			615,000		618,662

For the year ending 31/08/2020 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 14/12/2020 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	2020	2019
	£	£
Amounts falling due within one year
Trade debtors	3,284	6,027
Prepayments	2,379	8,374
	5,663	14,401




5. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
	2020	2019
	£	£
VAT	29,195	13,183
PAYE control	3,883	867
Directors current account	47	370
Bank Loan	18,840	27,678
Credit card	3,607	7,268
Trade creditors	2,684	11,564
Other creditors	24,442	32,602
Pension schemes	-	69
Accruals	4,211	1,466
	86,909	95,067




6. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR
	2020	2019
	£	£
Bank loans (secured) >1yr	334,660	412,422
	334,660	412,422




9. SHARE CAPITAL	2020	2019
	£	£
Allotted, issued and fully paid:
1 Class 1 shares of £1 each	1	1
	1	1