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REGISTERED NUMBER: 00156230 (England and Wales)













Unaudited Financial Statements

for the Year Ended 30 June 2023

for

Walton & Company Limited

Walton & Company Limited (Registered number: 00156230)






Contents of the Financial Statements
for the Year Ended 30 June 2023




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


Walton & Company Limited

Company Information
for the Year Ended 30 June 2023







DIRECTORS: J D Marshall
R F D Marshall





SECRETARY: B R Marshall





REGISTERED OFFICE: Castlemills
Bar Lane
Roecliffe
York
North Yorkshire
YO51 9LS





REGISTERED NUMBER: 00156230 (England and Wales)





ACCOUNTANTS: Clive Owen LLP
Chartered Accountants
Oak Tree House, Harwood Road
Northminster Business Park
Upper Poppleton
York
YO26 6QU

Walton & Company Limited (Registered number: 00156230)

Balance Sheet
30 June 2023

2023 2022
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 635,932 645,117

CURRENT ASSETS
Stocks 5 645,904 593,440
Debtors 6 147,846 271,754
Cash at bank 741,419 575,567
1,535,169 1,440,761
CREDITORS
Amounts falling due within one year 7 536,943 565,358
NET CURRENT ASSETS 998,226 875,403
TOTAL ASSETS LESS CURRENT
LIABILITIES

1,634,158

1,520,520

PROVISIONS FOR LIABILITIES 9 292 1,989
NET ASSETS 1,633,866 1,518,531

CAPITAL AND RESERVES
Called up share capital 10 194,761 194,761
Share premium 89,296 89,296
Revaluation reserve 251,455 252,905
Fair value reserve (13,164 ) 28,275
Retained earnings 1,111,518 953,294
SHAREHOLDERS' FUNDS 1,633,866 1,518,531

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

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

Walton & Company Limited (Registered number: 00156230)

Balance Sheet - continued
30 June 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 Profit and Loss Account has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 17 November 2023 and were signed on its behalf by:





J D Marshall - Director


Walton & Company Limited (Registered number: 00156230)

Notes to the Financial Statements
for the Year Ended 30 June 2023

1. STATUTORY INFORMATION

Walton & Company 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.

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 as modified by the revaluation of certain assets.

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.

Turnover
Turnover represents the value of all goods sold during the period, less returns received at the selling price exclusive of Value Added Tax.

Income recognition
Sales are recognised at the point at which the company has fulfilled its contractual obligations and the risks and rewards attaching to the product, such as obsolescence, have been transferred to the customer.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Freehold property - in accordance with the property
Plant and machinery - 10% on cost
Fixtures and fittings - 10% on cost
Motor vehicles - 25% on cost
Computer equipment - 20% on cost

Freehold land is not depreciated.

The gain or loss arising on the disposal of an asset is determined as the difference between the sale proceeds and the carrying value of the asset, and is credited or charged to profit and loss.

Government grants
Revenue based grants are credited to the profit and loss account on receipt.

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

Stocks are stated at the lower of cost and net realisable value, after making due regard for obsolete and slow moving stocks. Net realisable value is based on selling price less anticipated costs to completion and selling costs.

Financial instruments
Basic financial instruments are recognised at amortised cost with changes recognised in profit or loss.


Walton & Company Limited (Registered number: 00156230)

Notes to the Financial Statements - continued
for the Year Ended 30 June 2023

2. ACCOUNTING POLICIES - continued
Taxation
Taxation for the year comprises current and deferred tax. Tax is recognised in the Profit and Loss Account, 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.

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.

Foreign currencies
Assets and liabilities in foreign currencies are translated into sterling at the rates of exchange ruling at the balance sheet date. Transactions in foreign currencies are translated into sterling at the rate of exchange ruling at the date of transaction. Exchange differences are taken into account in arriving at the operating result.

Hire purchase and leasing commitments
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.

Derivatives
Derivatives are initially recognised as fair value at the date a derivative contract is entered into and are subsequently remeasured to fair value at each reporting end date. The resulting gain or loss is recognised in profit or loss immediately unless the derivative is designated and effective as a hedging instrument, in which event the timing of the recognition in profit or loss depends on nature of the hedge relationship.

A derivative with a positive fair value is recognised as a financial asset, whereas a derivative with a negative fair value is recognised as a financial liability.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 13 (2022 - 14 ) .

Walton & Company Limited (Registered number: 00156230)

Notes to the Financial Statements - continued
for the Year Ended 30 June 2023

4. TANGIBLE FIXED ASSETS
Fixtures
Freehold Plant and and
property machinery fittings
£    £    £   
COST OR VALUATION
At 1 July 2022
and 30 June 2023 650,000 36,389 54,855
DEPRECIATION
At 1 July 2022 18,935 27,472 53,273
Charge for year 5,284 1,114 322
At 30 June 2023 24,219 28,586 53,595
NET BOOK VALUE
At 30 June 2023 625,781 7,803 1,260
At 30 June 2022 631,065 8,917 1,582

Motor Computer
vehicles equipment Totals
£    £    £   
COST OR VALUATION
At 1 July 2022
and 30 June 2023 13,695 46,712 801,651
DEPRECIATION
At 1 July 2022 13,695 43,159 156,534
Charge for year - 2,465 9,185
At 30 June 2023 13,695 45,624 165,719
NET BOOK VALUE
At 30 June 2023 - 1,088 635,932
At 30 June 2022 - 3,553 645,117

Cost or valuation at 30 June 2023 is represented by:

Fixtures
Freehold Plant and and
property machinery fittings
£    £    £   
Valuation in 2019 192,580 - -
Cost 457,420 36,389 54,855
650,000 36,389 54,855

Walton & Company Limited (Registered number: 00156230)

Notes to the Financial Statements - continued
for the Year Ended 30 June 2023

4. TANGIBLE FIXED ASSETS - continued

Motor Computer
vehicles equipment Totals
£    £    £   
Valuation in 2019 - - 192,580
Cost 13,695 46,712 609,071
13,695 46,712 801,651

5. STOCKS
2023 2022
£    £   
Stocks 645,904 593,440

6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Trade debtors 93,664 190,052
Other debtors 22,577 52,302
Prepayments and accrued income 31,605 29,400
147,846 271,754

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Convertible loans 249 249
Trade creditors 114,972 129,889
Taxation and social security 97,794 155,475
Other creditors 56,039 47,418
Directors' current accounts 20,000 20,000
Accruals and deferred income 247,889 212,327
536,943 565,358

8. LEASING AGREEMENTS

Minimum lease payments under non-cancellable operating leases fall due as follows:
2023 2022
£    £   
Within one year 11,778 13,293
Between one and five years 16,658 13,127
28,436 26,420

Walton & Company Limited (Registered number: 00156230)

Notes to the Financial Statements - continued
for the Year Ended 30 June 2023

9. PROVISIONS FOR LIABILITIES
2023 2022
£    £   
Deferred tax 292 1,989

Deferred
tax
£   
Balance at 1 July 2022 1,989
Provided during year (1,697 )
Balance at 30 June 2023 292

10. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:

Number: Class: Nominalvalue: 2023 2022
108,627 A Ordinary £1 108,627 108,627
83,627 B Ordinary £1 83,627 83,627
2 C Ordinary £1 2 2
2,500 D Ordinary £1 2,500 2,500
1 E Ordinary £1 1 1
2 F Ordinary £1 2 2
2 G Ordinary £1 2 2
194,761 194,761

11. RELATED PARTY DISCLOSURES

2023 2022
£ £
Amount due to the director 20,000 20,000

No interest has been charged during the year.