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
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Financial Statements |
Year ended 31 January 2021
Contents |
Pages |
Statement of financial position |
1 to 2 |
Notes to the financial statements |
3 to 6 |
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Statement of Financial Position |
2021 |
2020 |
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Note |
£ |
£ |
Fixed assets
Tangible assets |
6 |
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Current assets
Stocks |
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Debtors |
7 |
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Cash at bank and in hand |
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Creditors: amounts falling due within one year |
8 |
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(
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Net current assets |
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Total assets less current liabilities |
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Provisions |
9 |
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Net assets |
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Capital and reserves
Called up share capital |
11 |
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Profit and loss account |
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Shareholders funds |
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In accordance with section 444 of the Companies Act 2006, the statement of income and retained earnings has not been delivered.
Director's responsibilities:
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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
;
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The director acknowledges his responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of financial statements
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Statement of Financial Position (continued) |
These financial statements were approved by the
board of directors
and authorised for issue on
27 September 2021
, and are signed on behalf of the board by:
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Director |
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Company registration number:
3304589
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Notes to the Financial Statements |
Year ended 31 January 2021
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 |
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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
(2020:
4
).
5.
Tax on profit
Major components of tax expense
2021 |
2020 |
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£ |
£ |
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Current tax:
UK current tax expense |
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Deferred tax:
Origination and reversal of timing differences |
(
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(
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Tax on profit |
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6.
Tangible assets
Equipment |
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£ |
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Cost |
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At 1 February 2020 and 31 January 2021 |
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Depreciation |
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At 1 February 2020 |
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Charge for the year |
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At 31 January 2021 |
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Carrying amount |
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At 31 January 2021 |
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At 31 January 2020 |
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7.
Debtors
2021 |
2020 |
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£ |
£ |
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Trade debtors |
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Other debtors |
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8.
Creditors:
amounts falling due within one year
2021 |
2020 |
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£ |
£ |
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Trade creditors |
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Corporation tax |
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Social security and other taxes |
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Other creditors |
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9.
Provisions
Deferred tax (note 10) |
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£ |
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At 1 February 2020 |
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Charge against provision |
(
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At 31 January 2021 |
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10.
Deferred tax
The deferred tax included in the statement of financial position is as follows:
2021 |
2020 |
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£ |
£ |
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Included in provisions (note 9) |
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The deferred tax account consists of the tax effect of timing differences in respect of:
2021 |
2020 |
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£ |
£ |
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Accelerated capital allowances |
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11.
Called up share capital
Issued, called up and fully paid
2021 |
2020 |
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No. |
£ |
No. |
£ |
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2 |
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2 |
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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 (2020 - £34,124) to Mr DSH Walters
, the managing director.