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REGISTERED NUMBER: 07204208 (England and Wales)















Unaudited Financial Statements for the Year Ended 30 June 2023

for

M Walshe Limited

M Walshe Limited (Registered number: 07204208)






Contents of the Financial Statements
for the Year Ended 30 June 2023




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 3


M Walshe Limited

Company Information
for the Year Ended 30 June 2023







DIRECTOR: Mr M Walshe





SECRETARIES: Mrs S E Jackson
Mrs C L Walshe





REGISTERED OFFICE: Pinnacle House
1 Pinnacle Way
Derby
Derbyshire
DE24 8ZS





REGISTERED NUMBER: 07204208 (England and Wales)





ACCOUNTANTS: Underwood Green
Pinnacle House
1 Pinnacle Way
Derby
Derbyshire
DE24 8ZS

M Walshe Limited (Registered number: 07204208)

Balance Sheet
30 June 2023

2023 2022
Notes £    £   
CURRENT ASSETS
Debtors 4 763,404 1,032,622
Cash at bank - 121,000
763,404 1,153,622
CREDITORS
Amounts falling due within one year 5 5,577 304,281
NET CURRENT ASSETS 757,827 849,341
TOTAL ASSETS LESS CURRENT
LIABILITIES

757,827

849,341

CAPITAL AND RESERVES
Called up share capital 6 100 100
Retained earnings 757,727 849,241
SHAREHOLDERS' FUNDS 757,827 849,341

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 30 June 2023.

The members have not required the company to obtain an audit of its financial statements for the year ended 30 June 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.

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 Statement of Income and Retained Earnings has not been delivered.

The financial statements were approved by the director and authorised for issue on 1 March 2024 and were signed by:





Mr M Walshe - Director


M Walshe Limited (Registered number: 07204208)

Notes to the Financial Statements
for the Year Ended 30 June 2023

1. STATUTORY INFORMATION

M Walshe 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 represents the company's share of the profits of the partnership Cheffins.

Goodwill
Purchased goodwill is amortised at rates calculated to write off the assets on a straight line basis over their estimated useful economic lives as follows:

Goodwill - fifteen years

Intangible assets
Intangible assets are initially measured at cost. After initial recognition, intangible assets are measured at cost less any accumulated amortisation and any accumulated impairment losses.

Taxation
Taxation for the year comprises current and deferred tax. Tax is recognised in the Statement of Income and Retained Earnings, 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 1 (2022 - 1 ) .

M Walshe Limited (Registered number: 07204208)

Notes to the Financial Statements - continued
for the Year Ended 30 June 2023

4. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Due from Cheffins - 461,258
Other debtors 115,255 115,255
Directors' current accounts 648,149 456,109
763,404 1,032,622

Other than as stated under directors' current accounts, none of the above amounts related to amounts due from the director or shareholder of the company either directly or indirectly.

5. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Tax 4,247 177,903
Other creditors - 125,520
Accruals and deferred income 1,330 858
5,577 304,281

6. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 2023 2022
value: £    £   
100 Ordinary £1 100 100

7. DIRECTOR'S ADVANCES, CREDITS AND GUARANTEES

The following advances and credits to a director subsisted during the years ended 30 June 2023 and 30 June 2022:

2023 2022
£    £   
Mr M Walshe
Balance outstanding at start of year 456,109 291,721
Amounts advanced 299,252 488,089
Amounts repaid (107,212 ) (323,701 )
Amounts written off - -
Amounts waived - -
Balance outstanding at end of year 648,149 456,109

Interest was charged on the director's advances at HM Revenue & Customs official rate being 2.00% per annum to 5 April 2023 and 2.25% per annum thereafter.