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REGISTERED NUMBER: 04151038 (England and Wales)















WALKER TIMBER & FENCING CENTRE LIMITED

UNAUDITED FINANCIAL STATEMENTS FOR THE YEAR ENDED 30 APRIL 2023






WALKER TIMBER & FENCING CENTRE LIMITED (REGISTERED NUMBER: 04151038)

CONTENTS OF THE FINANCIAL STATEMENTS
for the year ended 30 April 2023










Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


WALKER TIMBER & FENCING CENTRE LIMITED

COMPANY INFORMATION
for the year ended 30 April 2023







DIRECTORS: Mrs M J Walker
Mr M S Walker
Mr M J Walker





SECRETARY: Mrs M J Walker





REGISTERED OFFICE: Spinkfield Road
Birkby
Huddersfield
HD2 2AY





REGISTERED NUMBER: 04151038 (England and Wales)





ACCOUNTANTS: Sheards
Chartered Accountants
Vernon House
40 New North Road
Huddersfield
West Yorkshire
HD1 5LS

WALKER TIMBER & FENCING CENTRE LIMITED (REGISTERED NUMBER: 04151038)

BALANCE SHEET
30 April 2023

2023 2022
Notes £    £   
FIXED ASSETS
Intangible assets 4 - -
Tangible assets 5 116,308 136,002
116,308 136,002

CURRENT ASSETS
Stocks 212,160 244,948
Debtors 6 268,895 277,650
Cash at bank and in hand 191,862 169,515
672,917 692,113
CREDITORS
Amounts falling due within one year 7 (235,247 ) (268,043 )
NET CURRENT ASSETS 437,670 424,070
TOTAL ASSETS LESS CURRENT
LIABILITIES

553,978

560,072

CREDITORS
Amounts falling due after more than one
year

8

(23,615

)

(25,848

)

PROVISIONS FOR LIABILITIES 10 (27,884 ) (24,802 )
NET ASSETS 502,479 509,422

CAPITAL AND RESERVES
Called up share capital 100 100
Capital redemption reserve 10 10
Retained earnings 502,369 509,312
SHAREHOLDERS' FUNDS 502,479 509,422

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 30 April 2023.

The members have not required the company to obtain an audit of its financial statements for the year ended 30 April 2023 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.

WALKER TIMBER & FENCING CENTRE LIMITED (REGISTERED NUMBER: 04151038)

BALANCE SHEET - continued
30 April 2023


The financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime.

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 and authorised for issue on 25 October 2023 and were signed on its behalf by:





Mr M S Walker - Director


WALKER TIMBER & FENCING CENTRE LIMITED (REGISTERED NUMBER: 04151038)

NOTES TO THE FINANCIAL STATEMENTS
for the year ended 30 April 2023


1. STATUTORY INFORMATION

Walker Timber & Fencing Centre 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.

The presentation currency of the financial statements is the Pound Sterling (£).


2. ACCOUNTING POLICIES

Basis of preparing the financial statements
These financial statements have been prepared in accordance with Financial Reporting Standard 102 "The Financial Reporting Standard applicable in the UK and Republic of Ireland" including the provisions of Section 1A "Small Entities" and the Companies Act 2006. The financial statements have been prepared under the historical cost convention.

Turnover
Turnover is represented by the invoiced sales of products and/or services, excluding VAT, which are recognised when the products and/or services are provided.

Goodwill
Goodwill, being the amount paid in connection with the acquisition of a business in 2001, was amortised evenly over its estimated useful life of six years.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life or, if held under a finance lease, over the lease term, whichever is the shorter.
Plant and machinery - 25% on reducing balance
Fixtures and fittings - 10% on reducing balance
Motor vehicles - 25% on reducing balance
Computer equipment - 33% on reducing balance

Stocks
Stocks are valued at the lower of cost and net realisable value, after making due allowance for obsolete and slow moving items.

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 have been enacted or substantively enacted by the balance sheet date.


WALKER TIMBER & FENCING CENTRE LIMITED (REGISTERED NUMBER: 04151038)

NOTES TO THE FINANCIAL STATEMENTS - continued
for the year ended 30 April 2023


2. ACCOUNTING POLICIES - continued
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.

Hire purchase and leasing commitments
Assets obtained under hire purchase contracts or finance leases are capitalised in the balance sheet. Those held under hire purchase contracts are depreciated over their estimated useful lives. Those held under finance leases are depreciated over their estimated useful lives or the lease term, whichever is the shorter.

The interest element of these obligations is charged to profit or loss over the relevant period. The capital element of the future payments is treated as a liability.

Rentals paid under operating leases are charged to profit or loss on a straight line basis over the period of the lease.

Pension costs and other post-retirement benefits
The company operates a defined contribution pension scheme. Contributions payable to the company's pension scheme are charged to profit or loss in the period to which they relate.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 20 (2022 - 18 ) .

4. INTANGIBLE FIXED ASSETS
Goodwill
£   
COST
At 1 May 2022
and 30 April 2023 60,000
AMORTISATION
At 1 May 2022
and 30 April 2023 60,000
NET BOOK VALUE
At 30 April 2023 -
At 30 April 2022 -

WALKER TIMBER & FENCING CENTRE LIMITED (REGISTERED NUMBER: 04151038)

NOTES TO THE FINANCIAL STATEMENTS - continued
for the year ended 30 April 2023


5. TANGIBLE FIXED ASSETS
Plant and
machinery
etc
£   
COST
At 1 May 2022 307,045
Additions 13,544
At 30 April 2023 320,589
DEPRECIATION
At 1 May 2022 171,043
Charge for year 33,238
At 30 April 2023 204,281
NET BOOK VALUE
At 30 April 2023 116,308
At 30 April 2022 136,002

Fixed assets, included in the above, which are held under hire purchase contracts are as follows:

Plant and
machinery
etc
£   
COST
At 1 May 2022
and 30 April 2023 46,238
DEPRECIATION
At 1 May 2022 20,229
Charge for year 6,502
At 30 April 2023 26,731
NET BOOK VALUE
At 30 April 2023 19,507
At 30 April 2022 26,009

6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Trade debtors 38,781 44,824
Amounts owed by associates 222,400 222,400
Other debtors 7,714 10,426
268,895 277,650

WALKER TIMBER & FENCING CENTRE LIMITED (REGISTERED NUMBER: 04151038)

NOTES TO THE FINANCIAL STATEMENTS - continued
for the year ended 30 April 2023


7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Hire purchase contracts 2,233 2,233
Trade creditors 87,674 142,504
Taxation and social security 65,717 44,412
Other creditors 79,623 78,894
235,247 268,043

8. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
2023 2022
£    £   
Hire purchase contracts 23,615 25,848

9. SECURED DEBTS

The following secured debts are included within creditors:

2023 2022
£    £   
Hire purchase contracts 25,848 28,081

Hire purchase liabilities are secured over the asset to which the agreement relates.

10. PROVISIONS FOR LIABILITIES
2023 2022
£    £   
Deferred tax 27,884 24,802

Deferred
tax
£   
Balance at 1 May 2022 24,802
Charge to Income Statement during year 3,082
Balance at 30 April 2023 27,884

11. RELATED PARTY DISCLOSURES

Creditors includes loans due to Directors totalling £73,384 (2022 £73,744). The loans are on an interest free basis.

A loan of £222,400 (2022 £222,400) was owing in the year from Woodside Property Rentals Limited on an interest free basis. Some of the directors and shareholders of Walker Timber and Fencing Centre Limited are also directors and shareholders of Woodside Property Rentals Limited.