Walker Associates Limited - Accounts to registrar (filleted) - small 23.2.5

REGISTERED NUMBER: 12987260 (England and Wales)

Unaudited Financial Statements for the Year Ended 31 March 2023

for

Walker Associates Limited

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

4

DIRECTORS:

I J Walker

Mrs T A Walker

REGISTERED OFFICE:

9 Westbourne Gardens

Trowbridge

Wiltshire

BA14 9AW

REGISTERED NUMBER:

12987260 (England and Wales)

ACCOUNTANTS:

Peppermint Cloud Ltd

4 Mill Lake

Factory Hill

Bourton

Dorset

SP8 5FS

FIXED ASSETS

Tangible assets

4

2,223

1,826

CURRENT ASSETS

Debtors

5

82,587

38,304

Cash at bank

229,282

194,205

311,869

232,509

CREDITORS

Amounts falling due within one year

6

57,609

60,821

NET CURRENT ASSETS

254,260

171,688

TOTAL ASSETS LESS CURRENT LIABILITIES

256,483

173,514

CAPITAL AND RESERVES

Called up share capital

128

128

Retained earnings

256,355

173,386

SHAREHOLDERS' FUNDS

256,483

173,514

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 March 2023.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 March 2023 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 Statement of Income and Retained Earnings has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 17 November 2023 and were signed on its behalf by:

I J Walker - Director

Mrs T A Walker - Director

1.	STATUTORY INFORMATION

Walker Associates 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.

2.	ACCOUNTING POLICIES

Basis of preparing the financial statements

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

Turnover

Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes.

Tangible fixed assets

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

Computer equipment - 25% reducing balance

Taxation

Taxation for the year comprises current and deferred tax. Tax is recognised in the Statement of Income and Retained Earnings, 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.

Pension costs and other post-retirement benefits

The company operates a defined contribution pension scheme. Contributions payable to the company's pension scheme are charged to profit or loss in the period to which they relate.

3.	EMPLOYEES AND DIRECTORS

The average number of employees during the year was 1 (2022 - 1 ) .

4.	TANGIBLE FIXED ASSETS

Plant and

machinery

etc

£

COST

At 1 April 2022

2,641

Additions

1,138

At 31 March 2023

3,779

DEPRECIATION

At 1 April 2022

815

Charge for year

741

At 31 March 2023

1,556

NET BOOK VALUE

At 31 March 2023

2,223

At 31 March 2022

1,826

5.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31.3.23

31.3.22

£

£

Trade debtors

82,587

38,304

6.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31.3.23

31.3.22

£

£

Taxation and social security

44,361

55,883

Other creditors

13,248

4,938

57,609

60,821