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REGISTERED NUMBER: 06421546 (England and Wales)










Walkers Accountants Limited

Unaudited Financial Statements

for the Year Ended 31 October 2023






Walkers Accountants Limited (Registered number: 06421546)






Contents of the Financial Statements
for the year ended 31 October 2023




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


Walkers Accountants Limited

Company Information
for the year ended 31 October 2023







DIRECTORS: A N Day
Mrs N L Hudson
M W Procter
Mrs D L Walker





SECRETARY: A N Day





REGISTERED OFFICE: Suite 3, Aireside House,
Aireside Business Centre
Royd Ings Avenue
KEIGHLEY
West Yorkshire
BD21 4BZ





REGISTERED NUMBER: 06421546 (England and Wales)





ACCOUNTANTS: Walkers Accountants Limited
Aireside House
Aireside Business Centre
Royd Ings Avenue
Keighley
West Yorkshire
BD21 4BZ

Walkers Accountants Limited (Registered number: 06421546)

Balance Sheet
31 October 2023

31.10.23 31.10.22
Notes £    £   
FIXED ASSETS
Intangible assets 4 147,000 168,000
Tangible assets 5 25,589 18,029
172,589 186,029

CURRENT ASSETS
Debtors 6 372,786 429,655
Cash at bank and in hand 329,180 177,616
701,966 607,271
CREDITORS
Amounts falling due within one year 7 (327,663 ) (277,315 )
NET CURRENT ASSETS 374,303 329,956
TOTAL ASSETS LESS CURRENT
LIABILITIES

546,892

515,985

CREDITORS
Amounts falling due after more than one
year

8

(20,842

)

(70,655

)

PROVISIONS FOR LIABILITIES (6,397 ) (4,507 )
NET ASSETS 519,653 440,823

CAPITAL AND RESERVES
Called up share capital 75 75
Capital redemption reserve 25 25
Retained earnings 519,553 440,723
SHAREHOLDERS' FUNDS 519,653 440,823

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 October 2023.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 October 2023 in accordance with Section 476 of the Companies Act 2006.

The directors acknowledge their 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.

Walkers Accountants Limited (Registered number: 06421546)

Balance Sheet - continued
31 October 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 Board of Directors and authorised for issue on 13 March 2024 and were signed on its behalf by:





Mrs N L Hudson - Director


Walkers Accountants Limited (Registered number: 06421546)

Notes to the Financial Statements
for the year ended 31 October 2023

1. STATUTORY INFORMATION

Walkers Accountants 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.

The presentation currency of the financial statements is the Pound Sterling (£).


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.

Revenue recognition
Turnover represents net invoiced sales of services plus/minus movement on amounts recoverable on contracts.

The company enters into contracts to provide its services. At the year end all contacts that have not been finalised are reviewed and an estimate of the recoverability of these contracts is determined, based on the expected contract value and work completed to date.

Intangible assets
Goodwill

Goodwill arising on an acquisition of a business and the incorporation of the partnership is carried at cost less accumulated amortisation and impairment losses, if any. Amortisation is calculated on a straight line basis over the useful economic life of the acquired entity for acquisition of a business that is 3 years and for incorporation that is 20 years

Walkers Accountants Limited (Registered number: 06421546)

Notes to the Financial Statements - continued
for the year ended 31 October 2023

2. ACCOUNTING POLICIES - continued

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Land and buildings - Over the life of the lease
Plant and machinery etc - 33% on cost

All tangible fixed assets are at cost less accumulated depreciation. 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.

Assets held under finance lease are depreciated in the same manner as owned assets.

Renewals, repairs and maintenance are charged to profit and loss during the period in which they are incurred.

Depreciation is charged so as to allocate the cost of assets less their residual value over their estimated useful lives, using a mixture of methods. The depreciation bases are as detailed above.

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 disposal are determined by comparing the proceeds with the carrying amount and are credited or charged to the income statement.

Impairment of fixed assets
At each balance sheet date, the Company reviews the carrying amounts of its property, plant and equipment to determine whether there is any indication that any items of property, plant and equipment have suffered an impairment loss. If any such indications exists, the recoverable amount of an asset is estimated in order to determine the extent of the impairment loss, if any. Where it is not possible to estimate the recoverable amount of the asset, the Company estimates the recoverable amount of the cash-generating unit to which the asset belongs.

If the recoverable amount of an asset is estimated to be less that its carrying amount, the carrying amount of the asset is reduced to its recoverable amount. Impairment loss is recognised as an expense immediately.

Where an impairment loss subsequently reserves, the carrying amount of the asset is increased to the revised estimate of its recoverable amount that would have been determined (net of depreciation) had no impairment loss been recognised for the asset in the prior years. A reversal of an impairment loss is recognised as income immediately.

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.


Walkers Accountants Limited (Registered number: 06421546)

Notes to the Financial Statements - continued
for the year ended 31 October 2023

2. ACCOUNTING POLICIES - continued
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.

Hire purchase and leasing commitments
Rentals paid under operating leases are charged to profit or loss on a straight line basis over the period of the lease.

Pension costs and other post-retirement benefits
The company operates a defined contribution pension scheme. Contributions payable to the company's pension scheme are charged to profit or loss in the period to which they relate.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 15 (2022 - 14 ) .

4. INTANGIBLE FIXED ASSETS
Goodwill
£   
COST
At 1 November 2022
and 31 October 2023 495,000
AMORTISATION
At 1 November 2022 327,000
Charge for year 21,000
At 31 October 2023 348,000
NET BOOK VALUE
At 31 October 2023 147,000
At 31 October 2022 168,000

Walkers Accountants Limited (Registered number: 06421546)

Notes to the Financial Statements - continued
for the year ended 31 October 2023

5. TANGIBLE FIXED ASSETS
Plant and
Land and machinery
buildings etc Totals
£    £    £   
COST
At 1 November 2022 6,520 57,324 63,844
Additions - 17,558 17,558
At 31 October 2023 6,520 74,882 81,402
DEPRECIATION
At 1 November 2022 6,520 39,295 45,815
Charge for year - 9,998 9,998
At 31 October 2023 6,520 49,293 55,813
NET BOOK VALUE
At 31 October 2023 - 25,589 25,589
At 31 October 2022 - 18,029 18,029

6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.10.23 31.10.22
£    £   
Trade debtors 180,933 221,816
Amounts recoverable on contract 172,470 180,814
Other debtors 19,383 27,025
372,786 429,655

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.10.23 31.10.22
£    £   
Bank loans and overdrafts 10,001 38,104
Trade creditors 35,970 38,419
Taxation and social security 202,006 148,611
Other creditors 79,686 52,181
327,663 277,315

8. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
31.10.23 31.10.22
£    £   
Bank loans 20,842 70,655

9. LEASING AGREEMENTS
At 31 October 2023, the company had total commitments under non cancellable operating leases over the remaining life of those leases of £125,316 (2022; £151,331)

Walkers Accountants Limited (Registered number: 06421546)

Notes to the Financial Statements - continued
for the year ended 31 October 2023

10. PENSION COMMITMENTS

The company operates a number of defined contribution pension schemes. Pension costs relating to these schemes amounted to £83,058 (2022: £72,044) during the year. At the year end contributions of £2,110 (2022: £3,129) had not been paid over to the scheme providers.