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Company Registration No. 04502168 (England and Wales)
WALLTASTIC LTD Unaudited accounts for the year ended 31 March 2023
WALLTASTIC LTD Unaudited accounts Contents
Page
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WALLTASTIC LTD Company Information for the year ended 31 March 2023
Director
Julian Evans
Company Number
04502168 (England and Wales)
Registered Office
246 Godstone Road Whyteleafe Surrey CR3 0EF
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WALLTASTIC LTD Statement of financial position as at 31 March 2023
2023 
2022 
Notes
£ 
£ 
Fixed assets
Tangible assets
2,090 
2,090 
Current assets
Inventories
61,305 
44,035 
Debtors
2,989 
4,139 
Cash at bank and in hand
12,833 
35,208 
77,127 
83,382 
Creditors: amounts falling due within one year
(56,191)
(26,585)
Net current assets
20,936 
56,797 
Net assets
23,026 
58,887 
Capital and reserves
Called up share capital
100 
100 
Profit and loss account
22,926 
58,787 
Shareholders' funds
23,026 
58,887 
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 director acknowledges his 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 and authorised for issue on 20 November 2023 and were signed on its behalf by
Julian Evans Director Company Registration No. 04502168
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WALLTASTIC LTD Notes to the Accounts for the year ended 31 March 2023
1
Statutory information
WALLTASTIC LTD is a private company, limited by shares, registered in England and Wales, registration number 04502168. The registered office is 246 Godstone Road, Whyteleafe, Surrey, CR3 0EF.
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.
Going concern
The financial statements have been prepared on a going concern basis.The companies on going activities are dependent upon the continued support of the directors who has undertaken to provide such support for the forseeable future.
Turnover
Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes. Turnover from the sale of goods is recognised when goods have been delivered to customers such that risks and rewards of ownership have transferred to them. Turnover from the rendering of services is recognised by reference to the stage of completion of the contract. The stage of completion of a contract is measured by comparing the costs incurred for work performed to date to the total estimated contract costs.
Inventories
Inventories have been valued at the lower of cost and estimated selling price less costs to complete and sell. In respect of work in progress and finished goods, cost includes a relevant proportion of overheads according to the stage of manufacturing/completion.
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 % on Reducing balance
Fixtures & fittings
25 % on Reducing balance
Computer equipment
25 % on Reducing balance
Foreign exchange
Monetary 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 rates of exchange ruling at the date of the transaction. Exchange differences are taken into account in arriving at the operating profit.
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WALLTASTIC LTD Notes to the Accounts for the year ended 31 March 2023
Pension costs
The company operates a defined contribution scheme for the benefit of its employees. Contributions payable are recognised in the profit and loss account when due.
4
Tangible fixed assets
Plant & machinery 
Fixtures & fittings 
Computer equipment 
Total 
£ 
£ 
£ 
£ 
Cost or valuation
At cost 
At cost 
At cost 
At 1 April 2022
5,145 
6,712 
6,264 
18,121 
At 31 March 2023
5,145 
6,712 
6,264 
18,121 
Depreciation
At 1 April 2022
4,325 
6,307 
5,399 
16,031 
At 31 March 2023
4,325 
6,307 
5,399 
16,031 
Net book value
At 31 March 2023
820 
405 
865 
2,090 
At 31 March 2022
820 
405 
865 
2,090 
5
Debtors
2023 
2022 
£ 
£ 
Amounts falling due within one year
Trade debtors
2,581 
3,731 
Other debtors
408 
408 
2,989 
4,139 
6
Creditors: amounts falling due within one year
2023 
2022 
£ 
£ 
Bank loans and overdrafts
4,918 
4,918 
Trade creditors
42,534 
16,049 
Taxes and social security
3,860 
3,318 
Other creditors
4,859 
1,922 
Loans from directors
- 
358 
Accruals
20 
20 
56,191 
26,585 
7
Share capital
2023 
2022 
£ 
£ 
Allotted, called up and fully paid:
100 Ordinary shares of £1 each
100 
100 
8
Transactions with related parties
Julian Evans is the sole director and a shareholder who owns 100% shareholding in the company.
9
Average number of employees
During the year the average number of employees was 2 (2022: 0).
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