Walker Innovation Networks Limited - Accounts to registrar

REGISTERED NUMBER: 06381991 (England and Wales)

UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 30 SEPTEMBER 2017

FOR

WALKER INNOVATION NETWORKS LIMITED

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

4

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

4

3,183

3,745

CURRENT ASSETS

Debtors

5

9,893

Cash at bank

1,588

8,466

11,481

18,359

CREDITORS

Amounts falling due within one year

6

4,715

11,235

NET CURRENT ASSETS

6,766

7,124

TOTAL ASSETS LESS CURRENT
LIABILITIES

9,949

10,869

PROVISIONS FOR LIABILITIES

7

605

730

NET ASSETS

9,344

10,139

CAPITAL AND RESERVES

Called up share capital

8

1,000

Retained earnings

8,344

9,139

SHAREHOLDERS' FUNDS

9,344

10,139

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 30 September 2017.

The members have not required the company to obtain an audit of its financial statements for the year ended 30 September 2017 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 of Part 15 of the Companies Act 2006 relating to small companies.

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 on 11 October 2017 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.

2.	ACCOUNTING POLICIES

Basis of preparing the financial statements

These financial statements have been prepared in accordance with the provisions of Section 1A "Small Entities" of Financial Reporting Standard 102 "The Financial Reporting Standard applicable in the UK and Republic of Ireland" 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.

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 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.

3.	EMPLOYEES AND DIRECTORS

The average number of employees during the year was 2 .

4.	TANGIBLE FIXED ASSETS

Fixtures,

fittings

and

equipment

£

COST

At 1 October 2016

and 30 September 2017

7,972

DEPRECIATION

At 1 October 2016

4,227

Charge for year

562

At 30 September 2017

4,789

NET BOOK VALUE

At 30 September 2017

3,183

At 30 September 2016

3,745

5.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

30.9.17

30.9.16

£

Prepayments and accrued income

9,893

6.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

30.9.17

30.9.16

£

Trade creditors

-

40

Tax

-

6,875

VAT

-

2,085

Directors' loan accounts

4,415

1,415

Accrued expenses

300

820

4,715

11,235

7.	PROVISIONS FOR LIABILITIES

30.9.17

30.9.16

£

Deferred tax

550

675

Movement in year

55

605

730

Deferred

tax

£

Balance at 1 October 2016

730

Credit to Income Statement during year

(125

)

Balance at 30 September 2017

605

8.	CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:

Number:

Class:

Nominal

30.9.17

30.9.16

value:

£

500

A Ordinary

£1

500

B Ordinary

£1

500

1,000

9.	RELATED PARTY DISCLOSURES

As at the 30 September 2017 an amount of £4,415 (2016 £1,415) was owed to the directors and is stated within

creditors on the balance sheet.

10.	ULTIMATE CONTROLLING PARTY

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

Walker Innovation Networks Limited - Accounts to registrar - small 17.1

Walker Innovation Networks Limited - Accounts to registrar - small 17.1