Walters General Ltd Filleted accounts for Companies House (small and micro)
Walters General Ltd Filleted accounts for Companies House (small and micro)
COMPANY REGISTRATION NUMBER:
3304589
|
|
|
|
Financial Statements |
Year ended 31 January 2022
Contents |
Pages |
Statement of financial position |
1 to 2 |
Notes to the financial statements |
3 to 6 |
|
Statement of Financial Position |
2022 |
2021 |
|
Note |
£ |
£ |
Fixed assets
Tangible assets |
6 |
|
|
Current assets
Stocks |
|
|
|
Debtors |
7 |
|
|
Cash at bank and in hand |
|
|
|
------------ |
------------ |
||
|
|
||
Creditors: amounts falling due within one year |
8 |
(
|
(
|
------------ |
------------ |
||
Net current assets |
|
|
|
------------ |
------------ |
||
Total assets less current liabilities |
|
|
|
Provisions |
9 |
(
|
(
|
------------ |
------------ |
||
Net assets |
|
|
|
------------ |
------------ |
||
Capital and reserves
Called up share capital |
11 |
|
|
Profit and loss account |
|
|
|
------------ |
------------ |
||
Shareholders funds |
|
|
|
------------ |
------------ |
||
In accordance with section 444 of the Companies Act 2006, the statement of income and retained earnings has not been delivered.
Director's responsibilities:
-
The members have not required the company to obtain an audit of its financial statements for the year in question in accordance with section 476
;
-
The director acknowledges his responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of financial statements
.
|
Statement of Financial Position (continued) |
These financial statements were approved by the
board of directors
and authorised for issue on
21 July 2022
, and are signed on behalf of the board by:
|
|
Director |
|
Company registration number:
3304589
|
Notes to the Financial Statements |
Year ended 31 January 2022
1.
General information
The company is a private company limited by shares, registered in England and Wales. The address of the registered office is The Old Customs House, Milford Marina, Milford Haven, Pembrokeshire, SA73 3AA, Wales.
2.
Statement of compliance
3.
Accounting policies
Basis of preparation
Going concern
Judgements and key sources of estimation uncertainty
Revenue recognition
Taxation
Tangible assets
Depreciation
Depreciation is calculated so as to write off the cost or valuation of an asset, less its residual value, over the useful economic life of that asset as follows:
Equipment |
- |
|
|
Impairment of fixed assets
Stocks
Provisions
Financial instruments
4.
Employee numbers
The average number of persons employed by the company during the year amounted to
4
(2021:
4
).
5.
Tax on profit
Major components of tax expense
2022 |
2021 |
|
£ |
£ |
|
Current tax:
UK current tax expense |
|
|
Deferred tax:
Origination and reversal of timing differences |
(
|
(
|
-------- |
-------- |
|
Tax on profit |
|
|
-------- |
-------- |
|
6.
Tangible assets
Equipment |
|
£ |
|
Cost |
|
At 1 February 2021 and 31 January 2022 |
|
-------- |
|
Depreciation |
|
At 1 February 2021 |
|
Charge for the year |
|
-------- |
|
At 31 January 2022 |
|
-------- |
|
Carrying amount |
|
At 31 January 2022 |
|
-------- |
|
At 31 January 2021 |
|
-------- |
|
7.
Debtors
2022 |
2021 |
|
£ |
£ |
|
Trade debtors |
|
|
Other debtors |
|
|
------------ |
--------- |
|
|
|
|
------------ |
--------- |
|
8.
Creditors:
amounts falling due within one year
2022 |
2021 |
|
£ |
£ |
|
Trade creditors |
|
|
Corporation tax |
|
|
Social security and other taxes |
|
|
Other creditors |
|
|
--------- |
--------- |
|
|
|
|
--------- |
--------- |
|
9.
Provisions
Deferred tax (note 10) |
|
£ |
|
At 1 February 2021 |
|
Charge against provision |
(
|
------- |
|
At 31 January 2022 |
|
------- |
|
10.
Deferred tax
The deferred tax included in the statement of financial position is as follows:
2022 |
2021 |
|
£ |
£ |
|
Included in provisions (note 9) |
|
|
------- |
------- |
|
The deferred tax account consists of the tax effect of timing differences in respect of:
2022 |
2021 |
|
£ |
£ |
|
Accelerated capital allowances |
|
|
------- |
------- |
|
11.
Called up share capital
Issued, called up and fully paid
2022 |
2021 |
|||
No. |
£ |
No. |
£ |
|
|
|
2 |
|
2 |
---- |
---- |
---- |
---- |
|
12.
Related party transactions
The company was under the control of
Mr DSH Walters
throughout the current and previous year. Mr DSH Walters
is the managing director and majority shareholder. During the year the company paid dividends of £33,137 (2021 - £33,137) to Mr DSH Walters
, the managing director.