Walis & Co Ltd - Accounts

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Registered Number: 06740477

England and Wales

WALIS & CO LTD

Abridged Accounts

Period of accounts

Start date: 01 April 2021

End date: 31 March 2022

Walis & Co Ltd
Contents Page
For the year ended 31 March 2022

Statement of financial position	1
Notes to the financial statements	2

Walis & Co Ltd
Statement of Financial Position
As at 31 March 2022

	2022 £	2021 £
Fixed assets
Tangible fixed assets	69	92
	69	92
Current assets
Debtors	3,000	2,433
Cash at bank and in hand	15,718	4,062
	18,718	6,495
Creditors: amount falling due within one year	(23,066)	(10,316)
Net current liabilities	(4,348)	(3,821)

Total assets less current liabilities	(4,279)	(3,729)
Net liabilities	(4,279)	(3,729)

Capital and reserves
Called up share capital	100	100
Profit and loss account	(4,379)	(3,829)
Shareholder's funds	(4,279)	(3,729)

For the year ended 31 March 2022 the company was entitled to exemption from audit under section 477 of the companies act 2006 relating to small companies.

Directors' responsibilities:

The members have not required the company to obtain an audit of its accounts for the year in question in accordance with section 476.
The directors acknowledge their responsibilities for complying with the requirements of the companies act 2006 with respect to accounting records and the preparation of accounts.

These financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime and in accordance with the provisions of Part 15 of the Companies Act 2006. In accordance with Section 444 of the Companies Act 2006, the income statement has not been delivered to the Registrar of Companies.

The members have agreed to the preparation of abridged accounts for this accounting period in accordance with section 444(2A).

The financial statements were approved by the board of directors on 27 March 2023 and were signed on its behalf by:

--------------------------------
Ambreen Malik
Director

Walis & Co Ltd
Notes to the Abridged Financial Statements
For the year ended 31 March 2022

General Information

Walis & Co Ltd is a private company, limited by shares, registered in England and Wales, registration number 06740477, registration address 10 BRINKWORTH ROAD, Ilford, ESSEX, IG5 0JS.

The presentation currency is £ sterling.

Accounting policies

Significant accounting policies

Statement of compliance

These financial statements have been prepared in compliance with FRS 102 – The Financial Reporting Standard applicable in the UK and Republic of Ireland and the Companies Act 2006.

Basis of preparation

The financial statements have been prepared under the historical cost convention as modified by the revaluation of land and buildings and certain financial instruments measured at fair value in accordance with the accounting policies.

The financial statements are prepared in sterling which is the functional currency of the company.

Turnover

Turnover comprises the invoiced value of goods and services supplied by the company, net of Value Added Tax and trade discounts.

Tangible fixed assets

Tangible fixed assets, other than freehold land, are stated at cost or valuation less depreciation and any provision for impairment. Depreciation is provided at rates calculated to write off the cost or valuation of fixed assets, less their estimated residual value, over their expected useful lives on the following basis:

2.	Average number of employees Average number of employees during the year was 2 (2021 : 2).

Tangible fixed assets

Cost or valuation	Computer Equipment	Total
	£	£
At 01 April 2021	1,184	1,184
Additions	-	-
Disposals	-	-
At 31 March 2022	1,184	1,184
Depreciation
At 01 April 2021	1,092	1,092
Charge for year	23	23
On disposals	-	-
At 31 March 2022	1,115	1,115
Net book values
Closing balance as at 31 March 2022	69	69
Opening balance as at 01 April 2021	92	92