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
Walling Accountants Limited
Company Information
for the period from 1 March 2021 to 31 March 2022
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
Walling Accountants Limited
Statement of financial position
as at 31 March 2022
Tangible assets
4,669
4,236
Cash at bank and in hand
1,510
4,955
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
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
Walling Accountants Limited
Notes to the Accounts
for the period from 1 March 2021 to 31 March 2022
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.
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.
The accounts have been prepared under the historical cost convention as modified by the revaluation of certain fixed assets.
The accounts are presented in £ sterling.
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
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
At 31 March 2022
191
3,207
1,271
4,669
At 28 February 2021
255
3,075
906
4,236
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
Accrued income and prepayments
344
-
Debtors: amounts falling due after more than one year
6
Creditors: amounts falling due within one year
2022
2021
Bank loans and overdrafts
17,475
-
Taxes and social security
2,155
1,798
7
Creditors: amounts falling due after more than one year
2022
2021
8
Average number of employees
During the period the average number of employees was 1 (2021: 1).