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Company Registration No. 12448547 (England and Wales)
Walling Accountants Limited Unaudited accounts for the period from 1 March 2021 to 31 March 2022
Walling Accountants Limited Unaudited accounts Contents
Page
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Walling Accountants Limited Company Information for the period from 1 March 2021 to 31 March 2022
Director
Ian Walling
Company Number
12448547 (England and Wales)
Registered Office
HALLIDAYS FARM MOSS LANE BILSBORROW PRESTON PR3 0RU ENGLAND
Accountants
Walling Accountants Unit 1B Hallidays Farm Bilsborrow Preston PR3 0RU
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Walling Accountants Limited Statement of financial position as at 31 March 2022
2022 
2021 
Notes
£ 
£ 
Fixed assets
Tangible assets
4,669 
4,236 
Current assets
Debtors
12,440 
16,098 
Cash at bank and in hand
1,510 
4,955 
13,950 
21,053 
Creditors: amounts falling due within one year
(27,514)
(5,176)
Net current (liabilities)/assets
(13,564)
15,877 
Total assets less current liabilities
(8,895)
20,113 
Creditors: amounts falling due after more than one year
- 
(20,000)
Net (liabilities)/assets
(8,895)
113 
Capital and reserves
Called up share capital
100 
100 
Profit and loss account
(8,995)
13 
Shareholders' funds
(8,895)
113 
For the period ending 31 March 2022 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies. The members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.
The director acknowledges his responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.
These accounts 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 FRS 102 Section 1A - Small Entities. The profit and loss account has not been delivered to the Registrar of Companies.
The financial statements were approved by the Board and authorised for issue on 7 September 2022 and were signed on its behalf by
Ian Walling Director Company Registration No. 12448547
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Walling Accountants Limited Notes to the Accounts for the period from 1 March 2021 to 31 March 2022
1
Statutory information
Walling Accountants Limited is a private company, limited by shares, registered in England and Wales, registration number 12448547. The registered office is HALLIDAYS FARM MOSS LANE, BILSBORROW, PRESTON, PR3 0RU, ENGLAND.
2
Compliance with accounting standards
The accounts have been prepared in accordance with the provisions of FRS 102 Section 1A Small Entities. There were no material departures from that standard.
3
Accounting policies
The principal accounting policies adopted in the preparation of the financial statements are set out below and have remained unchanged from the previous period, and also have been consistently applied within the same accounts.
Basis of preparation
The accounts have been prepared under the historical cost convention as modified by the revaluation of certain fixed assets.
Presentation currency
The accounts are presented in £ sterling.
Turnover
Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes. Turnover from the rendering of services is recognised by reference to the stage of completion of the contract. The stage of completion of a contract is measured by comparing the costs incurred for work performed to date to the total estimated contract costs.
Tangible fixed assets and depreciation
Tangible assets are included at cost less depreciation and impairment. Depreciation has been provided at the following rates in order to write off the assets over their estimated useful lives:
Plant & machinery
25% reducing balance
Fixtures & fittings
25% reducing balance or straight line over 5 years
Computer equipment
straight line over 3 years
4
Tangible fixed assets
Plant & machinery 
Fixtures & fittings 
Computer equipment 
Total 
£ 
£ 
£ 
£ 
Cost or valuation
At cost 
At cost 
At cost 
At 1 March 2021
340 
3,449 
1,292 
5,081 
Additions
- 
949 
1,028 
1,977 
At 31 March 2022
340 
4,398 
2,320 
7,058 
Depreciation
At 1 March 2021
85 
374 
386 
845 
Charge for the period
64 
817 
663 
1,544 
At 31 March 2022
149 
1,191 
1,049 
2,389 
Net book value
At 31 March 2022
191 
3,207 
1,271 
4,669 
At 28 February 2021
255 
3,075 
906 
4,236 
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Walling Accountants Limited Notes to the Accounts for the period from 1 March 2021 to 31 March 2022
5
Debtors: amounts falling due within one year
2022 
2021 
£ 
£ 
Trade debtors
12,096 
- 
Accrued income and prepayments
344 
- 
12,440 
- 
Debtors: amounts falling due after more than one year
Trade debtors
- 
8,139 
Other debtors
- 
7,959 
- 
16,098 
6
Creditors: amounts falling due within one year
2022 
2021 
£ 
£ 
Bank loans and overdrafts
17,475 
- 
VAT
5,521 
2,938 
Trade creditors
1,134 
440 
Taxes and social security
2,155 
1,798 
Other creditors
874 
- 
Accruals
355 
- 
27,514 
5,176 
7
Creditors: amounts falling due after more than one year
2022 
2021 
£ 
£ 
Bank loans
- 
20,000 
8
Average number of employees
During the period the average number of employees was 1 (2021: 1).
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