Walker Innovation Networks Limited - Accounts to registrar (filleted) - small 18.2

WALKER INNOVATION NETWORKS LIMITED - Company Information

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REGISTERED NUMBER: 06381991 (England and Wales)

UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 30 SEPTEMBER 2020

FOR

WALKER INNOVATION NETWORKS LIMITED

Page

Company Information

Balance Sheet

Notes to the Financial Statements

DIRECTORS:

C H Walker

Mrs J A Walker

SECRETARY:

Mrs J A Walker

REGISTERED OFFICE:

7 Church Lane

Costock

Loughborough

Leicestershire

LE12 6UZ

REGISTERED NUMBER:

06381991 (England and Wales)

ACCOUNTANTS:

PWH Accountancy Ltd

The Counting House

High Street

Lutterworth

Leicestershire

LE17 4AY

FIXED ASSETS

Tangible assets

3,183

CURRENT ASSETS

Debtors

9,893

Cash at bank

1,588

11,481

CREDITORS

Amounts falling due within one year

4,715

NET CURRENT ASSETS

6,766

TOTAL ASSETS LESS CURRENT
LIABILITIES

9,949

PROVISIONS FOR LIABILITIES

605

NET ASSETS

9,344

CAPITAL AND RESERVES

Called up share capital

1,000

Retained earnings

8,344

SHAREHOLDERS' FUNDS

9,344

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 30 September 2020.

The members have not required the company to obtain an audit of its financial statements for the year ended 30 September 2020 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 30 June 2021 and were signed on its behalf by:

C H Walker - Director

Mrs J A Walker - Director

1.	STATUTORY INFORMATION

Walker Innovation Networks 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.

The presentation currency of the financial statements is the Pound Sterling (£).

2.	STATEMENT OF COMPLIANCE

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.

3.	ACCOUNTING POLICIES

Basis of preparing the financial statements

The financial statements have been prepared under the historical cost convention.

Tangible fixed assets

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

Fixtures, fittings and equipment

15% on reducing balance

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.

4.	EMPLOYEES AND DIRECTORS

The average number of employees during the year was NIL (2019 - NIL).

5.	TANGIBLE FIXED ASSETS

Fixtures,

fittings

and

equipment

COST

At 1 October 2019

and 30 September 2020

7,972

DEPRECIATION

At 1 October 2019

and 30 September 2020

4,789

NET BOOK VALUE

At 30 September 2020

3,183

At 30 September 2019

3,183

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2020

2019

Prepayments and accrued income

9,893

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2020

2019

Directors' loan accounts

4,415

Accrued expenses

300

4,715

8.	PROVISIONS FOR LIABILITIES

2020

2019

Deferred tax

605

Deferred

tax

Balance at 1 October 2019

605

Balance at 30 September 2020

605

BALANCE ABOVE AT END OF YEAR RE DEFERRED TAX ON CLIENT SCREEN OF

DOES NOT AGREE TO CURRENT YEAR TOTAL OF ACCOUNTS PER TB

605

PLEASE CHECK CLIENT SCREEN - NOTES TO FINANCIAL STATEMENTS - BALANCE SHEET ITEMS - PROVISIONS FOR LIABILITIES - MOVEMENT IN PROVISIONS ETC

Please note: a deferred tax asset should be entered as a negative balance (i.e. include a "-" sign)

9.	CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:

Number:

Class:

Nominal

2020

2019

value:

500

A Ordinary

£1

500

B Ordinary

£1

500

1,000

10.

RESERVES

Retained

earnings

At 1 October 2019

8,344

Profit for the year

At 30 September 2020

8,344

11.	RELATED PARTY DISCLOSURES

As at the 30 September 2020 an amount of £4,415 (2019 £4,415) was owed to the directors and is stated within creditors on the balance sheet.

12.	ULTIMATE CONTROLLING PARTY

The ultimate controlling party is Mr C H and Mrs J A Walker.