Caseware UK (AP4) 2022.0.179 2022.0.179 2023-02-282023-02-28false2022-03-010No description of principal activity0falsetrueThe members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006. 05036124 2022-03-01 2023-02-28 05036124 2021-03-01 2022-02-28 05036124 2023-02-28 05036124 2022-02-28 05036124 c:Director1 2022-03-01 2023-02-28 05036124 d:FurnitureFittings 2022-03-01 2023-02-28 05036124 d:FurnitureFittings 2023-02-28 05036124 d:FurnitureFittings 2022-02-28 05036124 d:FurnitureFittings d:OwnedOrFreeholdAssets 2022-03-01 2023-02-28 05036124 d:CurrentFinancialInstruments 2023-02-28 05036124 d:CurrentFinancialInstruments 2022-02-28 05036124 d:CurrentFinancialInstruments d:WithinOneYear 2023-02-28 05036124 d:CurrentFinancialInstruments d:WithinOneYear 2022-02-28 05036124 d:ShareCapital 2023-02-28 05036124 d:ShareCapital 2022-02-28 05036124 d:RetainedEarningsAccumulatedLosses 2023-02-28 05036124 d:RetainedEarningsAccumulatedLosses 2022-02-28 05036124 c:FRS102 2022-03-01 2023-02-28 05036124 c:AuditExempt-NoAccountantsReport 2022-03-01 2023-02-28 05036124 c:FullAccounts 2022-03-01 2023-02-28 05036124 c:PrivateLimitedCompanyLtd 2022-03-01 2023-02-28 iso4217:GBP xbrli:pure

Registered number: 05036124










THE WALNUT TREE TRADING COMPANY LIMITED








UNAUDITED

FINANCIAL STATEMENTS

INFORMATION FOR FILING WITH THE REGISTRAR

FOR THE YEAR ENDED 28 FEBRUARY 2023

 
THE WALNUT TREE TRADING COMPANY LIMITED
REGISTERED NUMBER: 05036124

BALANCE SHEET
AS AT 28 FEBRUARY 2023

2023
2022
Note
£
£

Fixed assets
  

Tangible assets
 4 
207
259

  
207
259

Current assets
  

Stocks
 5 
67,519
68,325

Cash at bank and in hand
  
675
497

  
68,194
68,822

Creditors: amounts falling due within one year
 6 
(16,356)
(12,499)

Net current assets
  
 
 
51,838
 
 
56,323

Total assets less current liabilities
  
52,045
56,582

  

Net assets
  
52,045
56,582


Capital and reserves
  

Called up share capital 
  
1
1

Profit and loss account
  
52,044
56,581

  
52,045
56,582


Page 1

 
THE WALNUT TREE TRADING COMPANY LIMITED
REGISTERED NUMBER: 05036124
    
BALANCE SHEET (CONTINUED)
AS AT 28 FEBRUARY 2023

The director considers that the Company is entitled to exemption from audit under section 477 of the Companies Act 2006 and members have not required the Company to obtain an audit for the year in question in accordance with section 476 of the Companies Act 2006.

The director acknowledges her responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of financial statements.

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

The Company has opted not to file the statement of income and retained earnings in accordance with provisions applicable to companies subject to the small companies' regime.

The financial statements were approved and authorised for issue by the board and were signed on its behalf by: 






C L Brand
Director

Date: 3 November 2023

The notes on pages 3 to 6 form part of these financial statements.

Page 2

 
THE WALNUT TREE TRADING COMPANY LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 28 FEBRUARY 2023

1.


General information

The Walnut Tree Trading Company Limited is a company limited by shares and incorporated in England and Wales.
The address of its registered office is:
13 Kings Road,
Fleet,
Hampshire,
GU51 3AU
Registration no. is 05036124

2.Accounting policies

 
2.1

Basis of preparation of financial statements

The financial statements have been prepared under the historical cost convention unless otherwise specified within these accounting policies and in accordance with Section 1A of Financial Reporting Standard 102, the Financial Reporting Standard applicable in the UK and the Republic of Ireland and the Companies Act 2006.

 
2.2

Revenue

Revenue is recognised to the extent that it is probable that the economic benefits will flow to the Company and the revenue can be reliably measured. Revenue is measured as the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes. The following criteria must also be met before revenue is recognised:

Sale of goods

Revenue from the sale of goods is recognised when all of the following conditions are satisfied:
the Company has transferred the significant risks and rewards of ownership to the buyer;
the Company retains neither continuing managerial involvement to the degree usually associated with ownership nor effective control over the goods sold;
the amount of revenue can be measured reliably;
it is probable that the Company will receive the consideration due under the transaction; and
the costs incurred or to be incurred in respect of the transaction can be measured reliably.

 
2.3

Tangible fixed assets

Tangible fixed assets under the cost model are stated at historical cost less accumulated depreciation and any accumulated impairment losses. Historical cost includes expenditure that is directly attributable to bringing the asset to the location and condition necessary for it to be capable of operating in the manner intended by management.

Page 3

 
THE WALNUT TREE TRADING COMPANY LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 28 FEBRUARY 2023

2.Accounting policies (continued)


2.3
Tangible fixed assets (continued)

Depreciation is charged so as to allocate the cost of assets less their residual value over their estimated useful lives, on a reducing balance basis.

Depreciation is provided on the following basis:

Fixtures & fittings
-
20% reducing balance

The assets' residual values, useful lives and depreciation methods are reviewed, and adjusted prospectively if appropriate, or if there is an indication of a significant change since the last reporting date.

Gains and losses on disposals are determined by comparing the proceeds with the carrying amount and are recognised in profit or loss.

 
2.4

Stocks

Stocks are stated at the lower of cost and net realisable value, being the estimated selling price less costs to complete and sell. Cost is based on the cost of purchase on a weighted average basis. Work in progress and finished goods include labour and attributable overheads.

At each balance sheet date, stocks are assessed for impairment. If stock is 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.

 
2.5

Cash and cash equivalents

Cash is represented by cash in hand and deposits with financial institutions repayable without penalty on notice of not more than 24 hours. Cash equivalents are highly liquid investments that mature in no more than three months from the date of acquisition and that are readily convertible to known amounts of cash with insignificant risk of change in value.

 
2.6

Financial instruments

The Company only enters into basic financial instrument transactions that result in the recognition of financial assets and liabilities like trade and other debtors and creditors,loans from banks and other third parties,loans to related parties and investments in ordinary shares.

 
2.7

Creditors

Short-term creditors are measured at the transaction price. Other financial liabilities, including bank loans, are measured initially at fair value, net of transaction costs, and are measured subsequently at amortised cost using the effective interest method.

Page 4

 
THE WALNUT TREE TRADING COMPANY LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 28 FEBRUARY 2023

2.Accounting policies (continued)

 
2.8

Taxation

Tax is recognised in profit or loss except that a charge attributable to an item of income and expense recognised as other comprehensive income or to an item recognised directly in equity is also recognised in other comprehensive income or directly in equity respectively.

The current income tax charge is calculated on the basis of tax rates and laws that have been enacted or substantively enacted by the balance sheet date in the countries where the Company operates and generates income.


3.


Employees

The average monthly number of employees, including directors, during the year was 0 (2022 - 0).


4.


Tangible fixed assets





Fixtures & fittings

£



Cost or valuation


At 1 March 2022
8,470



At 28 February 2023

8,470



Depreciation


At 1 March 2022
8,211


Charge for the year on owned assets
52



At 28 February 2023

8,263



Net book value



At 28 February 2023
207



At 28 February 2022
259

Page 5

 
THE WALNUT TREE TRADING COMPANY LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 28 FEBRUARY 2023

5.


Stocks

2023
2022
£
£

Finished goods and goods for resale
67,519
68,325

67,519
68,325



6.


Creditors: Amounts falling due within one year

2023
2022
£
£

Trade creditors
96
89

Other creditors
14,960
11,110

Accruals and deferred income
1,300
1,300

16,356
12,499


 
Page 6