Caseware UK (AP4) 2023.0.135 2023.0.135 2023-08-312023-08-31false2022-09-01The principal activity of the company was that of property search and consultancy services.11truetrueThe members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006. 04516589 2022-09-01 2023-08-31 04516589 2021-09-01 2022-08-31 04516589 2023-08-31 04516589 2022-08-31 04516589 c:Director1 2022-09-01 2023-08-31 04516589 d:FurnitureFittings 2022-09-01 2023-08-31 04516589 d:FurnitureFittings 2023-08-31 04516589 d:FurnitureFittings 2022-08-31 04516589 d:FurnitureFittings d:OwnedOrFreeholdAssets 2022-09-01 2023-08-31 04516589 d:OfficeEquipment 2022-09-01 2023-08-31 04516589 d:OfficeEquipment 2023-08-31 04516589 d:OfficeEquipment 2022-08-31 04516589 d:OfficeEquipment d:OwnedOrFreeholdAssets 2022-09-01 2023-08-31 04516589 d:OwnedOrFreeholdAssets 2022-09-01 2023-08-31 04516589 d:CurrentFinancialInstruments 2023-08-31 04516589 d:CurrentFinancialInstruments 2022-08-31 04516589 d:CurrentFinancialInstruments d:WithinOneYear 2023-08-31 04516589 d:CurrentFinancialInstruments d:WithinOneYear 2022-08-31 04516589 d:ShareCapital 2023-08-31 04516589 d:ShareCapital 2022-08-31 04516589 d:RetainedEarningsAccumulatedLosses 2023-08-31 04516589 d:RetainedEarningsAccumulatedLosses 2022-08-31 04516589 c:OrdinaryShareClass1 2022-09-01 2023-08-31 04516589 c:OrdinaryShareClass1 2023-08-31 04516589 c:FRS102 2022-09-01 2023-08-31 04516589 c:AuditExempt-NoAccountantsReport 2022-09-01 2023-08-31 04516589 c:FullAccounts 2022-09-01 2023-08-31 04516589 c:PrivateLimitedCompanyLtd 2022-09-01 2023-08-31 04516589 d:AcceleratedTaxDepreciationDeferredTax 2023-08-31 04516589 d:AcceleratedTaxDepreciationDeferredTax 2022-08-31 04516589 2 2022-09-01 2023-08-31 xbrli:shares iso4217:GBP xbrli:pure
Registered number: 04516589














WALTONS INTERNATIONAL LIMITED
UNAUDITED
FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 AUGUST 2023

 
WALTONS INTERNATIONAL LIMITED
 


CONTENTS



Page
Statement of Financial Position
 
1 - 2
Notes to the Financial Statements
 
3 - 7


 
WALTONS INTERNATIONAL LIMITED
REGISTERED NUMBER:04516589


STATEMENT OF FINANCIAL POSITION
AS AT 31 AUGUST 2023

2023
2022
Note
£
£

Fixed assets
  

Tangible assets
 4 
179,250
179,417

Current assets
  

Debtors: amounts falling due within one year
 5 
2,043
16,770

Cash at bank and in hand
  
84,845
66,661

  
86,888
83,431

Creditors: amounts falling due within one year
 6 
(35,265)
(21,821)

Net current assets
  
 
 
51,623
 
 
61,610

Total assets less current liabilities
  
230,873
241,027

Provisions for liabilities
  

Deferred tax
 7 
(876)
(994)

Net assets
  
229,997
240,033


Capital and reserves
  

Called up share capital 
 8 
4
4

Profit and loss account
  
229,993
240,029

  
229,997
240,033


Page 1

 
WALTONS INTERNATIONAL LIMITED
REGISTERED NUMBER:04516589

    
STATEMENT OF FINANCIAL POSITION (CONTINUED)
AS AT 31 AUGUST 2023

The director considers that the Company is entitled to exemption from audit under section 477 of the Companies Act 2006 and members have not required the Company to obtain an audit for the year in question in accordance with section 476 of the Companies Act 2006.

The director acknowledges his responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of financial statements.

The financial statements have been prepared 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 financial statements have been delivered in accordance with the provisions applicable to companies subject to the small companies regime.

The Company has opted not to file the statement of comprehensive income in accordance with provisions applicable to companies subject to the small companies' regime.

The financial statements were approved and authorised for issue by the board and were signed on its behalf by: 




E Burke
Director

Date: 16 April 2024

The notes on pages 3 to 7 form part of these financial statements.

Page 2

 
WALTONS INTERNATIONAL LIMITED
 

 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 AUGUST 2023

1.


General information

Waltons International Limited is a limited liability company incorporated in England and Wales with its registered office at 5 Elstree Gate, Elstree Way, Borehamwood, Hertfordshire, WD6 1JD.
The principal activity of the company was that of property search and consultancy services.

2.Accounting policies

 
2.1

Basis of preparation of financial statements

The financial statements have been prepared under the historical cost convention unless otherwise specified within these accounting policies and in accordance with Section 1A of Financial Reporting Standard 102, the Financial Reporting Standard applicable in the UK and the Republic of Ireland and the Companies Act 2006.

The following principal accounting policies have been applied:

 
2.2

Turnover

Turnover comprises revenue recognised by the company in respect of services supplied during the period, exclusive of Value Added Tax and trade discounts.

 
2.3

Tangible fixed assets

Tangible fixed assets under the cost model are stated at historical cost less accumulated depreciation and any accumulated impairment losses. Historical cost includes expenditure that is directly attributable to bringing the asset to the location and condition necessary for it to be capable of operating in the manner intended by management.

Depreciation is provided on the following basis:

Fixtures and fittings
-
0-25% straight line
Office equipment
-
33% straight line

The assets' residual values, useful lives and depreciation methods are reviewed, and adjusted prospectively if appropriate, or if there is an indication of a significant change since the last reporting date.
Gains and losses on disposals are determined by comparing the proceeds with the carrying amount and are recognised in the Statement of Comprehensive Income.

 
2.4

Debtors

Short term debtors are measured at transaction price, less any impairment.

 
2.5

Cash and cash equivalents

Cash is represented by cash in hand and deposits with financial institutions repayable without penalty.

 
2.6

Creditors

Short term creditors are measured at the transaction price.

Page 3

 
WALTONS INTERNATIONAL LIMITED
 

 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 AUGUST 2023

2.Accounting policies (continued)

 
2.7

Foreign currency translation

Functional and presentation currency

The Company's functional and presentational currency is £ Sterling.

Transactions and balances

Foreign currency transactions are translated into the functional currency using the spot exchange rates at the dates of the transactions.

At each period end foreign currency monetary items are translated using the closing rate. Non-monetary items measured at historical cost are translated using the exchange rate at the date of the transaction and non-monetary items measured at fair value are measured using the exchange rate when fair value was determined.

Foreign exchange gains and losses resulting from the settlement of transactions and from the translation at period-end exchange rates of monetary assets and liabilities denominated in foreign currencies are recognised in profit or loss except when deferred in other comprehensive income as qualifying cash flow hedges.

Foreign exchange gains and losses that relate to borrowings and cash and cash equivalents are presented in the Statement of Comprehensive Income within 'finance income or costs'. All other foreign exchange gains and losses are presented in profit or loss within 'other operating income'.

 
2.8

Dividends

Equity dividends are recognised when they become legally payable. Interim equity dividends are recognised when paid. Final equity dividends are recognised when approved by the shareholders at an annual general meeting.

 
2.9

Interest income

Interest income is recognised in profit or loss using the effective interest method.

Page 4

 
WALTONS INTERNATIONAL LIMITED
 

 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 AUGUST 2023

2.Accounting policies (continued)

 
2.10

Current and deferred taxation

The tax expense for the year comprises current and deferred tax. Tax is recognised in profit or loss except that a charge attributable to an item of income and expense recognised as other comprehensive income or to an item recognised directly in equity is also recognised in other comprehensive income or directly in equity respectively.

The current income tax charge is calculated on the basis of tax rates and laws that have been enacted or substantively enacted by the reporting date in the countries where the Company operates and generates income.

Deferred tax balances are recognised in respect of all timing differences that have originated but not reversed by the reporting date, except that:
The recognition of deferred tax assets is limited to the extent that it is probable that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits; and
Any deferred tax balances are reversed if and when all conditions for retaining associated tax allowances have been met.

Deferred tax balances are not recognised in respect of permanent differences except in respect of business combinations, when deferred tax is recognised on the differences between the fair values of assets acquired and the future tax deductions available for them and the differences between the fair values of liabilities acquired and the amount that will be assessed for tax. Deferred tax is determined using tax rates and laws that have been enacted or substantively enacted by the reporting date.


3.


Employees

The average monthly number of employees, including directors, during the year was 1 (2022 - 1).

Page 5

 
WALTONS INTERNATIONAL LIMITED
 

 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 AUGUST 2023

4.


Tangible fixed assets





Fixtures and fittings
Office equipment
Total

£
£
£



Cost or valuation


At 1 September 2022
192,407
52,885
245,292


Additions
-
683
683



At 31 August 2023

192,407
53,568
245,975



Depreciation


At 1 September 2022
51,534
14,340
65,874


Charge for the year on owned assets
-
851
851



At 31 August 2023

51,534
15,191
66,725



Net book value



At 31 August 2023
140,873
38,377
179,250



At 31 August 2022
140,873
38,544
179,417


5.


Debtors

2023
2022
£
£


Trade debtors
-
13,455

Other debtors
842
816

Prepayments and accrued income
1,201
2,499

2,043
16,770


Page 6

 
WALTONS INTERNATIONAL LIMITED
 

 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 AUGUST 2023

6.


Creditors: Amounts falling due within one year

2023
2022
£
£

Trade creditors
741
1,856

Taxation
3,575
1,157

Other creditors
30,849
18,463

Accruals and deferred income
100
345

35,265
21,821



7.


Deferred taxation




2023


£






At beginning of year
(994)


Charged to profit or loss
118



At end of year
(876)

The provision for deferred taxation is made up as follows:

2023
2022
£
£


Accelerated capital allowances
(876)
(994)


8.


Share capital

2023
2022
£
£
Allotted, called up and fully paid



4 ordinary shares of £1 each
4
4


 
Page 7