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REGISTERED NUMBER: 08543891 (England and Wales)



Financial Statements for the Year Ended 31 March 2023

for

Walsh & Walsh Limited

Walsh & Walsh Limited (Registered number: 08543891)

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










Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


Walsh & Walsh Limited

Company Information
for the Year Ended 31 March 2023







DIRECTOR: Mr S J Walsh





REGISTERED OFFICE: 1 Beauchamp Court
10 Victors Way
Barnet
Hertfordshire
EN5 5TZ





REGISTERED NUMBER: 08543891 (England and Wales)





ACCOUNTANTS: BBK Partnership
Chartered Accountants
& Statutory Auditors
1 Beauchamp Court
10 Victors Way
Barnet
Hertfordshire
EN5 5TZ

Walsh & Walsh Limited (Registered number: 08543891)

Balance Sheet
31 March 2023

31.3.23 31.3.22
Notes £    £   
FIXED ASSETS
Tangible assets 4 19,560 26,080

CURRENT ASSETS
Debtors 5 276,186 284,514
Cash at bank 63,916 164,477
340,102 448,991
CREDITORS
Amounts falling due within one year 6 (261,933 ) (325,896 )
NET CURRENT ASSETS 78,169 123,095
TOTAL ASSETS LESS CURRENT
LIABILITIES

97,729

149,175

CREDITORS
Amounts falling due after more than one
year

7

(16,331

)

(18,806

)

PROVISIONS FOR LIABILITIES (3,245 ) -
NET ASSETS 78,153 130,369

CAPITAL AND RESERVES
Called up share capital 8 1,000 1,000
Retained earnings 9 77,153 129,369
SHAREHOLDERS' FUNDS 78,153 130,369

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 director acknowledges his 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.

Walsh & Walsh Limited (Registered number: 08543891)

Balance Sheet - 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 Income Statement has not been delivered.

The financial statements were approved by the director and authorised for issue on 9 March 2024 and were signed by:





Mr S J Walsh - Director


Walsh & Walsh Limited (Registered number: 08543891)

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


1. STATUTORY INFORMATION

Walsh & Walsh 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.

2. ACCOUNTING POLICIES

Basis of preparing the financial statements
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. 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.
Motor vehicles - 20% on cost
Computer equipment - 25% on reducing balance

Taxation
Taxation for the year comprises current and deferred tax. Tax is recognised in the Income Statement, 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 balance sheet date.

Deferred tax
Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the balance sheet 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.

3. EMPLOYEES AND DIRECTORS

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

Walsh & Walsh Limited (Registered number: 08543891)

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


4. TANGIBLE FIXED ASSETS
Motor Computer
vehicles equipment Totals
£    £    £   
COST
At 1 April 2022
and 31 March 2023 31,674 1,756 33,430
DEPRECIATION
At 1 April 2022 6,335 1,015 7,350
Charge for year 6,335 185 6,520
At 31 March 2023 12,670 1,200 13,870
NET BOOK VALUE
At 31 March 2023 19,004 556 19,560
At 31 March 2022 25,339 741 26,080

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.3.23 31.3.22
£    £   
Trade debtors 4,501 -
Other debtors 271,685 284,514
276,186 284,514

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.3.23 31.3.22
£    £   
Hire purchase contracts 2,475 2,475
Trade creditors 8,779 17,626
Taxation and social security 3,784 30,481
Other creditors 246,895 275,314
261,933 325,896

7. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
31.3.23 31.3.22
£    £   
Hire purchase contracts 16,331 18,806

8. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 31.3.23 31.3.22
value: £    £   
1,000 Ordinary £1 1,000 1,000

Walsh & Walsh Limited (Registered number: 08543891)

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


9. RESERVES
Retained
earnings
£   

At 1 April 2022 129,369
Deficit for the year (52,216 )
At 31 March 2023 77,153