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Company Registration No. 05703765 (England and Wales)
Ian Walters Limited Unaudited accounts for the year ended 31 March 2023
Ian Walters Limited Unaudited accounts Contents
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Ian Walters Limited Company Information for the year ended 31 March 2023
Directors
Angela Mary Walters Ian John Walters
Company Number
05703765 (England and Wales)
Registered Office
Cherry Tree Cottage Harton York North Yorkshire YO60 7NP England
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Ian Walters Limited Statement of financial position as at 31 March 2023
2023 
2022 
Notes
£ 
£ 
Fixed assets
Tangible assets
2,781 
3,549 
Current assets
Inventories
486 
1,891 
Debtors
13,881 
11,755 
Cash at bank and in hand
5,637 
9,332 
20,004 
22,978 
Creditors: amounts falling due within one year
(16,010)
(24,114)
Net current assets/(liabilities)
3,994 
(1,136)
Total assets less current liabilities
6,775 
2,413 
Provisions for liabilities
Deferred tax
(674)
(674)
Net assets
6,101 
1,739 
Capital and reserves
Called up share capital
100 
100 
Profit and loss account
6,001 
1,639 
Shareholders' funds
6,101 
1,739 
For the year ending 31 March 2023 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies. The members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.
The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.
These accounts have been prepared and delivered 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 profit and loss account has not been delivered to the Registrar of Companies.
The financial statements were approved by the Board of Directors and authorised for issue on 7 November 2023 and were signed on its behalf by
Ian John Walters Director Company Registration No. 05703765
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Ian Walters Limited Notes to the Accounts for the year ended 31 March 2023
1
Statutory information
Ian Walters Limited is a private company, limited by shares, registered in England and Wales, registration number 05703765. The registered office is Cherry Tree Cottage, Harton, York, North Yorkshire, YO60 7NP, England.
2
Compliance with accounting standards
The accounts have been prepared in accordance with the provisions of FRS 102 Section 1A Small Entities. There were no material departures from that standard.
3
Accounting policies
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.
Basis of preparation
The accounts have been prepared under the historical cost convention as modified by the revaluation of certain fixed assets.
Presentation currency
The accounts are presented in £ sterling.
Tangible fixed assets and depreciation
Tangible assets are included at cost less depreciation and impairment. Depreciation has been provided at the following rates in order to write off the assets over their estimated useful lives:
Plant & machinery
25% RB
Motor vehicles
25% RB
Intangible fixed assets
Intangible fixed assets (including purchased goodwill and patents) are included at cost less accumulated amortisation. Goodwill was written off over 10 years
4
Intangible fixed assets
Goodwill 
£ 
Cost
At 1 April 2022
122,614 
At 31 March 2023
122,614 
Amortisation
At 1 April 2022
122,614 
At 31 March 2023
122,614 
Net book value
At 31 March 2023
- 
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Ian Walters Limited Notes to the Accounts for the year ended 31 March 2023
5
Tangible fixed assets
Plant & machinery 
Motor vehicles 
Total 
£ 
£ 
£ 
Cost or valuation
At cost 
At cost 
At 1 April 2022
7,416 
16,329 
23,745 
Additions
216 
- 
216 
Disposals
(495)
- 
(495)
At 31 March 2023
7,137 
16,329 
23,466 
Depreciation
At 1 April 2022
4,785 
15,411 
20,196 
Charge for the year
679 
229 
908 
On disposals
(419)
- 
(419)
At 31 March 2023
5,045 
15,640 
20,685 
Net book value
At 31 March 2023
2,092 
689 
2,781 
At 31 March 2022
2,631 
918 
3,549 
6
Debtors
2023 
2022 
£ 
£ 
Amounts falling due within one year
VAT
376 
797 
Trade debtors
13,505 
10,958 
13,881 
11,755 
7
Creditors: amounts falling due within one year
2023 
2022 
£ 
£ 
Trade creditors
2,829 
3,361 
Taxes and social security
- 
1,587 
Loans from directors
13,181 
19,166 
16,010 
24,114 
8
Average number of employees
During the year the average number of employees was 4 (2022: 4).
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