2022-03-01 12454081 2023-02-28 12454081 2022-03-01 2023-02-28 12454081 2022-02-28 12454081 2021-03-01 2022-02-28 12454081 uk-core:WithinOneYear 2022-02-28 12454081 uk-core:WithinOneYear 2023-02-28 12454081 uk-core:ShareCapital 2023-02-28 12454081 uk-core:ShareCapital 2022-02-28 12454081 uk-core:RetainedEarningsAccumulatedLosses 2023-02-28 12454081 uk-core:RetainedEarningsAccumulatedLosses 2022-02-28 12454081 uk-bus:Director1 2022-03-01 2023-02-28 12454081 uk-core:PlantMachinery 2022-03-01 2023-02-28 12454081 uk-core:ComputerEquipment 2022-03-01 2023-02-28 12454081 uk-core:CommercialMotorVehicles 2022-03-01 2023-02-28 12454081 uk-core:ComputerEquipment 2022-02-28 12454081 uk-core:CommercialMotorVehicles 2022-02-28 12454081 uk-core:PlantMachinery 2022-02-28 12454081 uk-core:PlantMachinery 2023-02-28 12454081 uk-core:CommercialMotorVehicles 2023-02-28 12454081 uk-core:ComputerEquipment 2023-02-28 12454081 2 uk-bus:Director1 2022-03-01 2023-02-28 12454081 2 uk-bus:Director1 2023-02-28 12454081 2 uk-bus:Director1 2022-02-28 iso4217:GBP xbrli:pure 12454081 uk-bus:AuditExemptWithAccountantsReport 2022-03-01 2023-02-28 12454081 uk-bus:FRS102 2022-03-01 2023-02-28 12454081 uk-bus:FullAccounts 2022-03-01 2023-02-28 12454081 uk-bus:PrivateLimitedCompanyLtd 2022-03-01 2023-02-28
Paul Walton Engineering Ltd
Registered Number:12454081
For the year ended 28 February 2023
England and Wales
Unaudited Financial Statements
2
For the year ended 28 February 2023
Paul Walton Engineering Ltd
Contents Page
1
Statement of Financial Position
2 to 3
Notes to the Financial Statements
3
Registered Number :
12454081
As at 28 February 2023
Paul Walton Engineering Ltd
Statement of Financial Position
£
£
2022
2023
Notes
Fixed assets
Property, plant and equipment
29,451
37,035
2
29,451
37,035
Current assets
Trade and other receivables
226,643
262,401
3
316,959
Cash and cash equivalents
538,873
801,274
543,602
Trade and other payables: amounts falling due within one
year
(152,255)
(127,918)
4
391,347
673,356
Net current assets
Total assets less current liabilities
702,807
428,382
702,807
Net assets
428,382
Capital and reserves
Called up share capital
100
100
Retained earnings
702,707
428,282
702,807
428,382
Shareholders' funds
For the year ended 28 February 2023 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 of its financial statements for the year ended 28 February 2023 in accordance with Section 476 of the Companies Act 2006
The directors acknowledge their responsibilities for:a) ensuring that the company keeps proper 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 Section
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.
In accordance with Section 444 of the Companies Act 2006, the Income Statement has not been delivered.
The financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime.
Paul Walton Director
These financial statements were approved and authorised for issue by the Board on 26 October 2023 and were signed by:
The notes form part of these financial statements
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4
For the year ended 28 February 2023
Paul Walton Engineering Ltd
Notes to the Financial Statements
Statutory Information
Paul Walton Engineering Ltd is a private limited company, limited by shares, domiciled in England and Wales,
registration number 12454081.
Registered address:
7 Howorth Close
Burnley
BB11 2RA
The presentation currency is £ sterling.
1. Accounting policies
Basis of preparing the financial statements
These financial statements have been prepared in accordance with the provisions of Section 1A 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 costs convention as
modified by the revaluation of certain assets.
Property, plant and equipment
Property, plant and equipment, other than freehold land, are stated at cost or valuation less depreciation and any provision for impairment. Depreciation is provided at rates calculated to write off the cost or valuation of fixed assets, less their estimated residual value, over their expected useful lives on the following basis:
Plant and Machinery
25% Reducing balance
25% Reducing balance
Computer Equipment
25% Reducing balance
Motor Vehicles
2. Property, plant and equipment
Total
Computer
Equipment
Motor Vehicles
Plant and
Machinery
£
£
£
£
Cost or
valuation
At 01 March 2022
57,306
4,013
46,989
6,304
2,233
-
-
2,233
Additions
At 28 February 2023
8,537
46,989
4,013
59,539
Provision for depreciation and impairment
At 01 March 2022
20,271
1,690
16,245
2,336
Charge for year
9,817
581
7,686
1,550
At 28 February 2023
30,088
2,271
23,931
3,886
At 28 February 2023
Net book value
4,651
23,058
1,742
29,451
At 28 February 2022
3,968
30,744
2,323
37,035
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5
For the year ended 28 February 2023
Paul Walton Engineering Ltd
Notes to the Financial Statements Continued
3. Trade and other receivables
2022
2023
£
£
Trade debtors
85,914
223,687
Other debtors
176,487
2,956
226,643
262,401
4. Trade and other payables: amounts falling due within one year
2022
2023
£
£
Trade creditors
8,767
10,923
Taxation and social security
117,471
139,056
Other creditors
1,680
2,276
127,918
152,255
5. Directors advances and guarantees
At 01/03/2022
Loaned
Interest
At 28/02/2023
£
£
£
£
Paul Walton
Current account
175,068
-
171,846
3,222
175,068
-
171,846
3,222
6. Average number of persons employed
During the year the average number of employees was 1 (2022 : 1)
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