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REGISTERED NUMBER: 05754980 (England and Wales)














Unaudited Financial Statements

for the Year Ended 31 March 2023

for

Walnut Technology Management Limited

Walnut Technology Management Limited (Registered number: 05754980)

Contents of the Financial Statements
for the Year Ended 31 March 2023










Page

Company information 1

Chartered accountants' report 2

Statement of financial position 3 to 4

Notes to the financial statements 5 to 7


Walnut Technology Management Limited

Company Information
for the Year Ended 31 March 2023







Directors: C Smalley
N A Wykes





Secretary: C Smalley





Registered office: Eventus Sunderland Road
Northfields Industrial Estate
Market Deeping
Peterborough
PE6 8FD





Registered number: 05754980 (England and Wales)





Accountants: Moore Thompson
27 Market Place
Market Deeping
Peterborough
Cambs
PE6 8EA

Chartered Accountants' Report to the Board of Directors
on the Unaudited Financial Statements of
Walnut Technology Management Limited


The following reproduces the text of the report prepared for the directors in respect of the company's annual unaudited financial statements. In accordance with the Companies Act 2006, the company is only required to file a Statement of financial position. Readers are cautioned that the Income statement and certain other primary statements and the Report of the directors are not required to be filed with the Registrar of Companies.

In order to assist you to fulfil your duties under the Companies Act 2006, we have prepared for your approval the financial statements of Walnut Technology Management Limited for the year ended 31 March 2023 which comprise the Statement of income and retained earnings, Statement of financial position and the related notes from the company's accounting records and from information and explanations you have given us.

As a practising member firm of the Institute of Chartered Accountants in England and Wales (ICAEW), we are subject to its ethical and other professional requirements which are detailed within the ICAEW's regulations and guidance at http://www.icaew.com/en/membership/regulations-standards-and-guidance.

This report is made solely to the Board of Directors of Walnut Technology Management Limited, as a body, in accordance with the terms of our engagement letter dated 11 September 2020. Our work has been undertaken solely to prepare for your approval the financial statements of Walnut Technology Management Limited and state those matters that we have agreed to state to the Board of Directors of Walnut Technology Management Limited, as a body, in this report in accordance with ICAEW Technical Release 07/16AAF. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than Walnut Technology Management Limited and its Board of Directors, as a body, for our work or for this report.

It is your duty to ensure that Walnut Technology Management Limited has kept adequate accounting records and to prepare statutory financial statements that give a true and fair view of the assets, liabilities, financial position and profit of Walnut Technology Management Limited. You consider that Walnut Technology Management Limited is exempt from the statutory audit requirement for the year.

We have not been instructed to carry out an audit or a review of the financial statements of Walnut Technology Management Limited. For this reason, we have not verified the accuracy or completeness of the accounting records or information and explanations you have given to us and we do not, therefore, express any opinion on the statutory financial statements.






Moore Thompson
27 Market Place
Market Deeping
Peterborough
Cambs
PE6 8EA


22 November 2023

Walnut Technology Management Limited (Registered number: 05754980)

Statement of Financial Position
31 March 2023

2023 2022
Notes £    £    £    £   
Fixed assets
Tangible assets 5 77,418 77,687

Current assets
Stocks 10,066 19,080
Debtors 6 75,890 176,740
Cash at bank 354,980 314,423
440,936 510,243
Creditors
Amounts falling due within one year 7 153,165 173,167
Net current assets 287,771 337,076
Total assets less current liabilities 365,189 414,763

Creditors
Amounts falling due after more than one
year

8

(20,552

)

(22,471

)

Provisions for liabilities (1,076 ) -
Net assets 343,561 392,292

Capital and reserves
Called up share capital 1,200 1,200
Retained earnings 342,361 391,092
343,561 392,292

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 March 2023.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 March 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.

Walnut Technology Management Limited (Registered number: 05754980)

Statement of Financial Position - continued
31 March 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 Statement of income and retained earnings has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 22 November 2023 and were signed on its behalf by:





C Smalley - Director


Walnut Technology Management Limited (Registered number: 05754980)

Notes to the Financial Statements
for the Year Ended 31 March 2023


1. Statutory information

Walnut Technology Management 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.

The presentation currency of the financial statements is the Pound Sterling (£).


2. Statement of compliance

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.

3. Accounting policies

Basis of preparing the financial statements
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.
Plant and machinery - 25% on reducing balance
Motor vehicles - 20% 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 Statement of Income and Retained Earnings, 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 statement of financial position date.

Deferred tax
Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the statement of financial position 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.

Walnut Technology Management Limited (Registered number: 05754980)

Notes to the Financial Statements - continued
for the Year Ended 31 March 2023


3. Accounting policies - continued

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.

4. Employees and directors

The average number of employees during the year was 10 (2022 - 10 ) .

5. Tangible fixed assets
Plant and Motor
machinery vehicles Totals
£    £    £   
Cost
At 1 April 2022 34,127 117,852 151,979
Additions 3,692 40,494 44,186
Disposals (6,407 ) (45,986 ) (52,393 )
At 31 March 2023 31,412 112,360 143,772
Depreciation
At 1 April 2022 22,259 52,033 74,292
Charge for year 3,394 16,809 20,203
Eliminated on disposal (4,422 ) (23,719 ) (28,141 )
At 31 March 2023 21,231 45,123 66,354
Net book value
At 31 March 2023 10,181 67,237 77,418
At 31 March 2022 11,868 65,819 77,687

6. Debtors: amounts falling due within one year
2023 2022
£    £   
Trade debtors 69,499 171,946
Deferred tax asset - 989
Prepayments and accrued income 6,391 3,805
75,890 176,740

7. Creditors: amounts falling due within one year
2023 2022
£    £   
Trade creditors 17,159 19,623
Corporation tax 57,282 60,128
Social security and other taxes 10,860 8,452
VAT 56,560 63,019
Other creditors 8,809 9,672
Accruals and deferred income 2,495 12,273
153,165 173,167

Walnut Technology Management Limited (Registered number: 05754980)

Notes to the Financial Statements - continued
for the Year Ended 31 March 2023


8. Creditors: amounts falling due after more than one year
2023 2022
£    £   
Directors' loan accounts 20,552 22,471