Company Registration No. 10128902 (England and Wales)
Walton Pier Limited
Unaudited accounts
for the year ended 30 April 2023
Walton Pier Limited
Unaudited accounts
Contents
Walton Pier Limited
Company Information
for the year ended 30 April 2023
Directors
Mr R. Bolesworth
Mrs V. Bolesworth
Company Number
10128902 (England and Wales)
Registered Office
The Downshire
71 Baldwins Lane
Croxley Green, Rickmansworth
Herts
WD3 3LT
Accountants
Dempsey & Co
The Downshire
71 Baldwins Lane Croxley Green
Rickmansworth
Herts
WD3 3LT
Walton Pier Limited
Statement of financial position
as at 30 April 2023
Tangible assets
2,826,087
2,178,204
Inventories
175,000
125,000
Cash at bank and in hand
101,222
154,157
Creditors: amounts falling due within one year
(1,216,859)
(899,028)
Net current liabilities
(901,745)
(487,975)
Total assets less current liabilities
1,924,342
1,690,229
Creditors: amounts falling due after more than one year
(3,163,775)
(2,043,861)
Provisions for liabilities
Deferred tax
(200,138)
(131,823)
Net liabilities
(1,439,571)
(485,455)
Called up share capital
100
100
Profit and loss account
(1,439,671)
(485,555)
Shareholders' funds
(1,439,571)
(485,455)
For the year ending 30 April 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 in accordance with section 476 of the Companies Act 2006.
The directors acknowledge their 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 of Directors and authorised for issue on 27 October 2023 and were signed on its behalf by
Mr R. Bolesworth
Director
Company Registration No. 10128902
Walton Pier Limited
Notes to the Accounts
for the year ended 30 April 2023
Walton Pier Limited is a private company, limited by shares, registered in England and Wales, registration number 10128902. The registered office is The Downshire, 71 Baldwins Lane, Croxley Green, Rickmansworth, Herts, WD3 3LT.
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 year, 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 represents net invoiced sales of goods to customers and Arcade takings, excluding Value Added Tax.
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:
Land & buildings
2% straight line
Plant & machinery
10% reducing balance
Fixtures & fittings
10% reducing balance
Investment property is included at market fair value. Gains are recognised in the income statement. Deferred taxation is provided on these gains at the rate expected to apply when the property is sold.
Stock is valued at the lower of cost and net realisable value.
Stock is calculated using the first in first out method and consists of material and
direct labour cost, together with an appropriate proportion of production overheads.
Deferred taxation is provided in respect of the tax effect of all timing differences at the rates of tax expected to apply when the timing differences reverse.
Interest on finance leases and hire purchase transactions is charged to the profit and loss account on a straight line basis over the period of the relevant agreement.
Walton Pier Limited
Notes to the Accounts
for the year ended 30 April 2023
These financial statements have been prepared on a going concern basis.
4
Tangible fixed assets
Land & buildings
Plant & machinery
Fixtures & fittings
Total
Cost or valuation
At cost
At cost
At cost
At 1 May 2022
699,426
1,364,409
866,061
2,929,896
Additions
184,088
542,964
180,912
907,964
Disposals
-
(16,999)
-
(16,999)
At 30 April 2023
883,514
1,890,374
1,046,973
3,820,861
At 1 May 2022
56,737
481,124
213,831
751,692
Charge for the year
17,670
152,298
83,314
253,282
On disposals
-
(10,200)
-
(10,200)
At 30 April 2023
74,407
623,222
297,145
994,774
At 30 April 2023
809,107
1,267,152
749,828
2,826,087
At 30 April 2022
642,689
883,285
652,230
2,178,204
Amounts falling due within one year
Trade debtors
27,745
45,546
Other debtors
11,147
86,350
6
Creditors: amounts falling due within one year
2023
2022
Bank loans and overdrafts
168,240
53,352
Trade creditors
367,258
263,294
Other creditors
167,549
38,656
Loans from directors
513,812
543,726
7
Creditors: amounts falling due after more than one year
2023
2022
Bank loans
1,578,775
1,343,861
Other creditors
1,585,000
700,000
Walton Pier Limited
Notes to the Accounts
for the year ended 30 April 2023
Allotted, called up and fully paid:
100 Ordinary shares of £1 each
100
100
9
Average number of employees
During the year the average number of employees was 31 (2022: 46).