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REGISTERED NUMBER: SC458013 (Scotland)















Unaudited Financial Statements

for the Year Ended 28 February 2023

for

Walker Slater Covent Garden Limited

Walker Slater Covent Garden Limited (Registered number: SC458013)






Contents of the Financial Statements
for the Year Ended 28 February 2023




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


Walker Slater Covent Garden Limited

Company Information
for the Year Ended 28 February 2023







DIRECTOR: P Walker





SECRETARY:





REGISTERED OFFICE: 18-20 Victoria Street
Edinburgh
EH1 2HG





REGISTERED NUMBER: SC458013 (Scotland)





ACCOUNTANTS: D.J. Martin & Co.
40/42 Brantwood Avenue
Dundee
Tayside
DD3 6EW

Walker Slater Covent Garden Limited (Registered number: SC458013)

Balance Sheet
28 February 2023

28.2.23 28.2.22
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 177,276 164,627

CURRENT ASSETS
Stocks 57,264 67,372
Debtors 5 748,082 723,078
Cash at bank and in hand 245,819 136,214
1,051,165 926,664
CREDITORS
Amounts falling due within one year 6 484,658 398,791
NET CURRENT ASSETS 566,507 527,873
TOTAL ASSETS LESS CURRENT
LIABILITIES

743,783

692,500

CREDITORS
Amounts falling due after more than one year 7 36,574 42,130
NET ASSETS 707,209 650,370

CAPITAL AND RESERVES
Called up share capital 1 1
Retained earnings 707,208 650,369
SHAREHOLDERS' FUNDS 707,209 650,370

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 28 February 2023.

The members have not required the company to obtain an audit of its financial statements for the year ended 28 February 2023 in accordance with Section 476 of the Companies Act 2006.

The director acknowledges his 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 Slater Covent Garden Limited (Registered number: SC458013)

Balance Sheet - continued
28 February 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 director and authorised for issue on 22 November 2023 and were signed by:





P Walker - Director


Walker Slater Covent Garden Limited (Registered number: SC458013)

Notes to the Financial Statements
for the Year Ended 28 February 2023

1. STATUTORY INFORMATION

Walker Slater Covent Garden Limited is a private company, limited by shares , registered in Scotland. 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.

Turnover
Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Fixtures and fittings - 15% 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.

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.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 3 (2022 - 3 ) .

Walker Slater Covent Garden Limited (Registered number: SC458013)

Notes to the Financial Statements - continued
for the Year Ended 28 February 2023

4. TANGIBLE FIXED ASSETS
Fixtures
Long and Computer
leasehold fittings equipment Totals
£    £    £    £   
COST
At 1 March 2022 154,993 33,416 1,480 189,889
Additions - 16,596 - 16,596
At 28 February 2023 154,993 50,012 1,480 206,485
DEPRECIATION
At 1 March 2022 - 23,852 1,410 25,262
Charge for year - 3,924 23 3,947
At 28 February 2023 - 27,776 1,433 29,209
NET BOOK VALUE
At 28 February 2023 154,993 22,236 47 177,276
At 28 February 2022 154,993 9,564 70 164,627

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
28.2.23 28.2.22
£    £   
Other debtors 748,082 723,078

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
28.2.23 28.2.22
£    £   
Bank loans and overdrafts 5,556 5,556
Trade creditors 95,438 447
Taxation and social security 8,923 18,060
Other creditors 374,741 374,728
484,658 398,791

7. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
28.2.23 28.2.22
£    £   
Bank loans 36,574 42,130