REGISTERED NUMBER: |
WALKER MARTYN LIMITED |
UNAUDITED FINANCIAL STATEMENTS |
FOR THE PERIOD 1 JANUARY 2022 TO 30 JUNE 2023 |
REGISTERED NUMBER: |
WALKER MARTYN LIMITED |
UNAUDITED FINANCIAL STATEMENTS |
FOR THE PERIOD 1 JANUARY 2022 TO 30 JUNE 2023 |
WALKER MARTYN LIMITED (REGISTERED NUMBER: SC197533) |
CONTENTS OF THE FINANCIAL STATEMENTS |
For The Period 1 January 2022 to 30 June 2023 |
Page |
Company Information | 1 |
Balance Sheet | 2 |
Notes to the Financial Statements | 4 |
WALKER MARTYN LIMITED |
COMPANY INFORMATION |
For The Period 1 January 2022 to 30 June 2023 |
DIRECTORS: |
SECRETARY: |
REGISTERED OFFICE: |
REGISTERED NUMBER: |
ACCOUNTANTS: |
16 Royal Crescent |
Glasgow |
G3 7SL |
WALKER MARTYN LIMITED (REGISTERED NUMBER: SC197533) |
BALANCE SHEET |
30 June 2023 |
30.6.23 | 31.12.21 |
Notes | £ | £ | £ | £ |
FIXED ASSETS |
Tangible assets | 4 |
CURRENT ASSETS |
Debtors | 5 |
Cash at bank and in hand |
CREDITORS |
Amounts falling due within one year | 6 |
NET CURRENT ASSETS |
TOTAL ASSETS LESS CURRENT LIABILITIES |
CAPITAL AND RESERVES |
Called up share capital |
Capital redemption reserve |
Retained earnings |
SHAREHOLDERS' FUNDS |
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 MARTYN LIMITED (REGISTERED NUMBER: SC197533) |
BALANCE SHEET - continued |
30 June 2023 |
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 |
WALKER MARTYN LIMITED (REGISTERED NUMBER: SC197533) |
NOTES TO THE FINANCIAL STATEMENTS |
For The Period 1 January 2022 to 30 June 2023 |
1. | STATUTORY INFORMATION |
Walker Martyn Limited is a |
2. | ACCOUNTING POLICIES |
Basis of preparing the financial statements |
Turnover |
Turnover comprises the value of goods and services supplied by the company during the period, excluding value added tax. |
Tangible fixed assets |
Plant and machinery etc | - |
Taxation |
Taxation for the period 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. |
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 period 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. |
Research and development |
Expenditure on research and development is written off in the year in which it is incurred. |
Operating leases |
Rentals applicable to operating leases where substantially all the benefits and risks of ownership remains with the lessor are charged to the profit and loss account as they are incurred. |
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. |
Going concern |
The directors have not prepared the accounts on a going concern basis as the company has ceased to trade. |
WALKER MARTYN LIMITED (REGISTERED NUMBER: SC197533) |
NOTES TO THE FINANCIAL STATEMENTS - continued |
For The Period 1 January 2022 to 30 June 2023 |
3. | EMPLOYEES AND DIRECTORS |
The average number of employees during the period was |
4. | TANGIBLE FIXED ASSETS |
Plant and |
machinery |
etc |
£ |
COST |
At 1 January 2022 |
Additions |
Disposals | ( |
) |
At 30 June 2023 |
DEPRECIATION |
At 1 January 2022 |
Charge for period |
Eliminated on disposal | ( |
) |
At 30 June 2023 |
NET BOOK VALUE |
At 30 June 2023 |
At 31 December 2021 |
5. | DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR |
30.6.23 | 31.12.21 |
£ | £ |
Trade debtors |
Other debtors |
Tax recoverable |
Deferred tax asset |
6. | CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR |
30.6.23 | 31.12.21 |
£ | £ |
Trade creditors |
Taxation and social security |
Other creditors |
7. | OTHER FINANCIAL COMMITMENTS |
At 30 June 2023 the company was committed to making total payments under non-cancellable operating leases of £9,000 (31 December 2021, £36,810). |
WALKER MARTYN LIMITED (REGISTERED NUMBER: SC197533) |
NOTES TO THE FINANCIAL STATEMENTS - continued |
For The Period 1 January 2022 to 30 June 2023 |
8. | RELATED PARTY DISCLOSURES |
There is a first ranking bond and floating charge secured over all of the company's assets in respect of all sums due by the company's parent company to the company's directors under a loan note instrument issued by that company in 2008. |