Registration number:
Walters Regeneration Limited
for the Year Ended 28 February 2023
Walters Regeneration Limited
Contents
Company Information |
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Balance Sheet |
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Notes to the Unaudited Financial Statements |
Walters Regeneration Limited
Company Information
Directors |
Mr D Thursfield Mr V Zarifian Mr M E R Llewellyn Mrs S C Llewellyn |
Company secretary |
Mr M E R Llewellyn |
Registered office |
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Walters Regeneration Limited
(Registration number: 04833556)
Balance Sheet as at 28 February 2023
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2023 |
2022 |
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Current assets |
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Stocks |
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Debtors |
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Cash at bank and in hand |
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Creditors: Amounts falling due within one year |
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Net liabilities |
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Capital and reserves |
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Called up share capital |
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Retained earnings |
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Shareholders' deficit |
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For the financial year ending 28 February 2023 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.
Directors' responsibilities:
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The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts. |
These financial statements have been prepared in accordance with the special provisions relating to companies subject to the small companies regime within Part 15 of the Companies Act 2006.
These financial statements have been delivered in accordance with the provisions applicable to companies subject to the small companies regime and the option not to file the Income Statement has been taken.
Approved and authorised by the
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Walters Regeneration Limited
Notes to the Unaudited Financial Statements for the Year Ended 28 February 2023
General information |
The company is a private company limited by share capital, incorporated in England and Wales.
The address of its registered office is:
Wales
These financial statements were authorised for issue by the
Accounting policies |
Summary of significant accounting policies and key accounting estimates
The principal accounting policies applied in the preparation of these financial statements are set out below. These policies have been consistently applied to all the years presented, unless otherwise stated.
Statement of compliance
These financial statements have been prepared in accordance with Financial Reporting Standard 102 Section 1A smaller entities - 'The Financial Reporting Standard applicable in the United Kingdom and Republic of Ireland' and the Companies Act 2006 (as applicable to companies subject to the small companies' regime).
Basis of preparation
These financial statements have been prepared using the historical cost convention except that as disclosed in the accounting policies certain items are shown at fair value.
The presentation currency of the financial statements is the Pound Sterling (£), which is the functional currency of the company. Monetary amounts in these financial statements are rounded to the nearest £.
Going concern
The financial statements have been prepared on a going concern basis. The directors have considered the assets and liabilities of the company and are of the opinion that the company will continue to meet its liabilities as they fall due, with the financial support of its directors and G Walters (Holdings) Limited and its subsidiaries. The nature of the company's business is such that expenses will be incurred before any income can be realised. The directors are satisfied that the company is a going concern.
Stocks
Stocks are stated at the lower of cost and estimated selling price less costs to complete and sell. Cost is determined using the first-in, first-out (FIFO) method.
The cost of finished goods and work in progress comprises direct materials and, where applicable, direct labour costs and those overheads that have been incurred in bringing the inventories to their present location and condition. At each reporting date, stocks are assessed for impairment. If stocks are impaired, the carrying amount is reduced to its selling price less costs to complete and sell; the impairment loss is recognised immediately in profit or loss.
Walters Regeneration Limited
Notes to the Unaudited Financial Statements for the Year Ended 28 February 2023
Staff numbers |
The average number of persons employed by the company (including directors) during the year, was
Stocks |
2023 |
2022 |
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Other inventories |
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Debtors |
Current |
2023 |
2022 |
Other debtors |
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Walters Regeneration Limited
Notes to the Unaudited Financial Statements for the Year Ended 28 February 2023
Creditors |
Creditors: amounts falling due within one year
2023 |
2022 |
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Due within one year |
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Trade creditors |
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Accruals and deferred income |
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Other creditors |
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Share capital |
Allotted, called up and fully paid shares
2023 |
2022 |
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No. |
£ |
No. |
£ |
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99 |
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99 |
Related party transactions |
Other transactions with directors |
The director Mr V Zarifian loaned the company £192,005 in an earlier year. The loan bears no interest and is repayable on demand. £192,005 was outstanding to the director at the year end (2022: £192,005).
The director Mr D Thursfield loaned the company £202,005 in an earlier year. The loan bears no interest and is repayable on demand. The company owed the director £202,005 at the year end (2022: £202,005).
Summary of transactions with entities with joint control or significant interest