Silverfin false false 31/12/2023 01/01/2023 31/12/2023 M F Clarke 06/06/2011 S J Collins 14/06/2023 J A Hickman 05/10/2018 R O M Upshon 17/09/2018 M G Walker 07/01/1994 14 March 2024 The principal activity of the Company during the financial year was an advertising agency. 02814178 2023-12-31 02814178 bus:Director1 2023-12-31 02814178 bus:Director2 2023-12-31 02814178 bus:Director3 2023-12-31 02814178 bus:Director4 2023-12-31 02814178 bus:Director5 2023-12-31 02814178 2022-12-31 02814178 core:CurrentFinancialInstruments 2023-12-31 02814178 core:CurrentFinancialInstruments 2022-12-31 02814178 core:Non-currentFinancialInstruments 2023-12-31 02814178 core:Non-currentFinancialInstruments 2022-12-31 02814178 core:ShareCapital 2023-12-31 02814178 core:ShareCapital 2022-12-31 02814178 core:CapitalRedemptionReserve 2023-12-31 02814178 core:CapitalRedemptionReserve 2022-12-31 02814178 core:RetainedEarningsAccumulatedLosses 2023-12-31 02814178 core:RetainedEarningsAccumulatedLosses 2022-12-31 02814178 core:LandBuildings 2022-12-31 02814178 core:LeaseholdImprovements 2022-12-31 02814178 core:Vehicles 2022-12-31 02814178 core:FurnitureFittings 2022-12-31 02814178 core:ComputerEquipment 2022-12-31 02814178 core:LandBuildings 2023-12-31 02814178 core:LeaseholdImprovements 2023-12-31 02814178 core:Vehicles 2023-12-31 02814178 core:FurnitureFittings 2023-12-31 02814178 core:ComputerEquipment 2023-12-31 02814178 core:CurrentFinancialInstruments core:Secured 2023-12-31 02814178 2023-01-01 2023-12-31 02814178 bus:FilletedAccounts 2023-01-01 2023-12-31 02814178 bus:SmallEntities 2023-01-01 2023-12-31 02814178 bus:AuditExemptWithAccountantsReport 2023-01-01 2023-12-31 02814178 bus:PrivateLimitedCompanyLtd 2023-01-01 2023-12-31 02814178 bus:Director1 2023-01-01 2023-12-31 02814178 bus:Director2 2023-01-01 2023-12-31 02814178 bus:Director3 2023-01-01 2023-12-31 02814178 bus:Director4 2023-01-01 2023-12-31 02814178 bus:Director5 2023-01-01 2023-12-31 02814178 core:LandBuildings core:TopRangeValue 2023-01-01 2023-12-31 02814178 core:LeaseholdImprovements core:TopRangeValue 2023-01-01 2023-12-31 02814178 core:Vehicles core:TopRangeValue 2023-01-01 2023-12-31 02814178 core:FurnitureFittings core:TopRangeValue 2023-01-01 2023-12-31 02814178 core:ComputerEquipment core:TopRangeValue 2023-01-01 2023-12-31 02814178 2022-01-01 2022-12-31 02814178 core:LandBuildings 2023-01-01 2023-12-31 02814178 core:LeaseholdImprovements 2023-01-01 2023-12-31 02814178 core:Vehicles 2023-01-01 2023-12-31 02814178 core:FurnitureFittings 2023-01-01 2023-12-31 02814178 core:ComputerEquipment 2023-01-01 2023-12-31 iso4217:GBP xbrli:pure

Company No: 02814178 (England and Wales)

THE WALKER AGENCY LIMITED

Unaudited Financial Statements
For the financial year ended 31 December 2023
Pages for filing with the registrar

THE WALKER AGENCY LIMITED

Unaudited Financial Statements

For the financial year ended 31 December 2023

Contents

THE WALKER AGENCY LIMITED

BALANCE SHEET

As at 31 December 2023
THE WALKER AGENCY LIMITED

BALANCE SHEET (continued)

As at 31 December 2023
Note 2023 2022
£ £
Fixed assets
Tangible assets 3 41,282 595,655
41,282 595,655
Current assets
Stocks 4 61,560 54,520
Debtors 5 2,174,192 844,302
Cash at bank and in hand 483,117 72,290
2,718,869 971,112
Creditors: amounts falling due within one year 6 ( 1,003,746) ( 693,063)
Net current assets 1,715,123 278,049
Total assets less current liabilities 1,756,405 873,704
Creditors: amounts falling due after more than one year 7 ( 72,207) ( 340,814)
Net assets 1,684,198 532,890
Capital and reserves
Called-up share capital 10,000 10,000
Capital redemption reserve 1,247 1,247
Profit and loss account 1,672,951 521,643
Total shareholders' funds 1,684,198 532,890

For the financial year ending 31 December 2023 the Company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

Directors' responsibilities:

The financial statements of The Walker Agency Limited (registered number: 02814178) were approved and authorised for issue by the Board of Directors on 14 March 2024. They were signed on its behalf by:

M F Clarke
Director
THE WALKER AGENCY LIMITED

NOTES TO THE FINANCIAL STATEMENTS

For the financial year ended 31 December 2023
THE WALKER AGENCY LIMITED

NOTES TO THE FINANCIAL STATEMENTS

For the financial year ended 31 December 2023
1. Accounting policies

The principal accounting policies are summarised below. They have all been applied consistently throughout the financial year and to the preceding financial year, unless otherwise stated.

General information and basis of accounting

The Walker Agency Limited (the Company) is a private company, limited by shares, incorporated in the United Kingdom under the Companies Act 2006 and is registered in England and Wales. The address of the Company's registered office is 5 Poole Road, Bournemouth, BH2 5QL, United Kingdom.

The financial statements have been prepared under the historical cost convention, modified to include the revaluation of freehold properties and to include investment properties and certain items at fair value, and in accordance with Section 1A of Financial Reporting Standard 102 (FRS 102) ‘The Financial Reporting Standard applicable in the UK and Republic of Ireland’ issued by the Financial Reporting Council and the requirements of the Companies Act 2006 as applicable to companies subject to the small companies regime.

The financial statements are presented in pounds sterling which is the functional currency of the Company and rounded to the nearest £.

Foreign currency

Transactions in foreign currencies are recorded at the rate of exchange at the date of the transaction. Monetary assets and liabilities denominated in foreign currencies at the Balance Sheet date are reported at the rates of exchange prevailing at that date.

Turnover

Turnover is stated net of VAT and trade discounts and is recognised when the significant risks and rewards are considered to have been transferred to the buyer. Revenue from services is recognised as they are delivered.

Employee benefits

Defined contribution schemes
A defined contribution plan is a pension plan under which fixed contributions are paid into a pension fund and the company has no legal or constructive obligation to pay further contributions even if the fund does not hold sufficient assets to pay all employees the benefits relating to employee service in the current and prior periods.

Contributions to defined contribution plans are recognised as employee benefit expense when they are due. If contribution payments exceed the contribution due for service, the excess is recognised as a prepayment.

Taxation

Current tax
Current tax is provided at amounts expected to be paid (or recoverable) using the tax rates and laws that have been enacted or substantively enacted at the Balance Sheet date.

Tangible fixed assets

Tangible fixed assets are stated at cost or valuation, net of depreciation and any provision for impairment. Depreciation is provided on all tangible fixed assets, other than investment property and freehold land, at rates calculated to write off the cost or valuation, less estimated residual value, of each asset on a [straight-line, reducing balance] basis over its expected useful life, as follows:

Land and buildings 50 years straight line
Leasehold improvements 7 years straight line
Vehicles 3 years straight line
Fixtures and fittings 4 years straight line
Computer equipment 4 years straight line

Residual value represents the estimated amount which would currently be obtained from disposal of an asset, after deducting estimated costs of disposal, if the asset were already of the age and in the condition expected at the end of its useful life.

Leases

The Company as lessee
Assets held under finance leases, hire purchase contracts and other similar arrangements, which confer rights and obligations similar to those attached to owned assets, are capitalised as tangible fixed assets at the fair value of the leased asset (or, if lower, the present value of the minimum lease payments as determined at the inception of the lease) and are depreciated over the shorter of the lease terms and their useful lives. The capital elements of future lease obligations are recorded as liabilities, while the interest elements are charged to the Statement of Income and Retained Earnings over the period of the leases to produce a constant periodic rate of interest on the remaining balance of the liability.

Rentals under operating leases are charged on a straight-line basis over the lease term, even if the payments are not made on such a basis. Benefits received and receivable as an incentive to sign an operating lease are similarly spread on a straight-line basis over the lease term.

Stocks

Stocks are stated at the lower of cost and estimated selling price less costs to sell, which is equivalent to the net realisable value. Cost includes materials, direct labour and an attributable proportion of manufacturing overheads based on normal levels of activity. Cost is calculated using the FIFO (first-in, first-out) method. Provision is made for obsolete, slow-moving or defective items where appropriate.

Financial instruments

Financial assets and financial liabilities are recognised when the Company becomes a party to the contractual provisions of the instrument.

Financial liabilities and equity instruments are classified according to the substance of the contractual arrangements entered into. An equity instrument is any contract that evidences a residual interest in the assets of the Company after deducting all of its liabilities.

Financial assets and liabilities are only offset in the Balance Sheet when, and only when there exists a legally enforceable right to set off the recognised amounts and the Company intends either to settle on a net basis, or to realise the asset and settle the liability simultaneously.

2. Employees

2023 2022
Number Number
Monthly average number of persons employed by the Company during the year, including directors 22 22

3. Tangible assets

Land and buildings Leasehold improve-
ments
Vehicles Fixtures and fittings Computer equipment Total
£ £ £ £ £ £
Cost
At 01 January 2023 765,700 0 16,200 97,808 52,697 932,405
Additions 0 3,950 0 0 30,323 34,273
Disposals ( 765,700) 0 0 ( 97,808) 0 ( 863,508)
At 31 December 2023 0 3,950 16,200 0 83,020 103,170
Accumulated depreciation
At 01 January 2023 183,078 0 16,200 97,808 39,664 336,750
Charge for the financial year 6,381 141 0 0 5,883 12,405
Disposals ( 189,459) 0 0 ( 97,808) 0 ( 287,267)
At 31 December 2023 0 141 16,200 0 45,547 61,888
Net book value
At 31 December 2023 0 3,809 0 0 37,473 41,282
At 31 December 2022 582,622 0 0 0 13,033 595,655

Included within the net book value of land and buildings above is £Nil (2022: £582,622) in respect of freehold land and buildings.

4. Stocks

2023 2022
£ £
Work in progress 61,560 54,520

5. Debtors

2023 2022
£ £
Trade debtors 374,564 452,468
Amounts owed by Group undertakings 1,677,330 0
Other debtors 122,298 391,834
2,174,192 844,302

6. Creditors: amounts falling due within one year

2023 2022
£ £
Bank loans (secured) 74,329 136,875
Trade creditors 104,499 53,013
Taxation and social security 319,376 165,291
Other creditors 505,542 337,884
1,003,746 693,063

7. Creditors: amounts falling due after more than one year

2023 2022
£ £
Bank loans (secured) 72,207 340,814

8. Financial commitments

Commitments

Total future minimum lease payments under non-cancellable operating leases are as follows:

2023 2022
£ £
between one and five years 95,231 0

9. Related party transactions

Transactions with the entity's directors

2023 2022
£ £
M G Walker 0 285,711

10. Ultimate controlling party

Parent Company:

Walker Agency Group Ltd