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Registration number: 02527253

Walkers Restaurants Limited

Annual Report and Unaudited Financial Statements

for the Year Ended 30 November 2023

 

Walkers Restaurants Limited

Contents

Company Information

1

Accountants' Report

2

Balance Sheet

3 to 4

Notes to the Unaudited Financial Statements

5 to 7

 

Walkers Restaurants Limited

Company Information

Directors

Mrs L Walker-Gumbis

Mrs Hannah Studt

Company secretary

Mrs D Walker

Registered office

6 Houndiscombe Road
Plymouth
Devon
PL4 6HH

Accountants

Houndiscombe Consultants Limited
T/A Condy Mathias Chartered Accountants
6 Houndiscombe Road
Plymouth
Devon
PL4 6HH

 

Chartered Accountants' Report to the Board of Directors on the Preparation of the Unaudited Statutory Accounts of
Walkers Restaurants Limited
for the Year Ended 30 November 2023

In order to assist you to fulfil your duties under the Companies Act 2006, we have prepared for your approval the accounts of Walkers Restaurants Limited for the year ended 30 November 2023 as set out on pages 3 to 7 from the company's accounting records and from information and explanations you have given us.

As a practising member firm of the Institute of Chartered Accountants in England and Wales (ICAEW), we are subject to its ethical and other professional requirements which are detailed at
http://www.icaew.com/regulation.

This report is made solely to the Board of Directors of Walkers Restaurants Limited, as a body, in accordance with the terms of our engagement letter. Our work has been undertaken solely to prepare for your approval the accounts of Walkers Restaurants Limited and state those matters that we have agreed to state to the Board of Directors of Walkers Restaurants Limited, as a body, in this report in accordance with ICAEW Technical Release 07/16 AAF. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than Walkers Restaurants Limited and its Board of Directors as a body for our work or for this report.

It is your duty to ensure that Walkers Restaurants Limited has kept adequate accounting records and to prepare statutory accounts that give a true and fair view of the assets, liabilities, financial position and loss of Walkers Restaurants Limited. You consider that Walkers Restaurants Limited is exempt from the statutory audit requirement for the year.

We have not been instructed to carry out an audit or a review of the accounts of Walkers Restaurants Limited. For this reason, we have not verified the accuracy or completeness of the accounting records or information and explanations you have given to us and we do not, therefore, express any opinion on the statutory accounts.

......................................

Houndiscombe Consultants Limited
T/A Condy Mathias Chartered Accountants
6 Houndiscombe Road
Plymouth
Devon
PL4 6HH

11 March 2024

 

Walkers Restaurants Limited

(Registration number: 02527253)
Balance Sheet as at 30 November 2023

Note

2023
£

2022
£

Fixed assets

 

Tangible assets

5

220,156

222,091

Current assets

 

Stocks

3,431

3,351

Debtors

6

189,995

201,648

Cash at bank and in hand

 

4,166

5,593

 

197,592

210,592

Creditors: Amounts falling due within one year

7

(49,218)

(49,503)

Net current assets

 

148,374

161,089

Total assets less current liabilities

 

368,530

383,180

Creditors: Amounts falling due after more than one year

7

(13,200)

(22,000)

Net assets

 

355,330

361,180

Capital and reserves

 

Called up share capital

331,000

331,000

Retained earnings

24,330

30,180

Shareholders' funds

 

355,330

361,180

 

Walkers Restaurants Limited

(Registration number: 02527253)
Balance Sheet as at 30 November 2023

For the financial year ending 30 November 2023 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

Directors' responsibilities:

The members have not required the company to obtain an audit of its accounts for the year in question in accordance with section 476; and

The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.

These financial statements have been prepared in accordance with the special provisions relating to companies subject to the small companies regime within Part 15 of the Companies Act 2006.

These financial statements have been delivered in accordance with the provisions applicable to companies subject to the small companies regime and the option not to file the Profit and Loss Account has been taken.

Approved and authorised by the Board on 11 March 2024 and signed on its behalf by:
 

.........................................

Mrs L Walker-Gumbis

Director

 

Walkers Restaurants Limited

Notes to the Unaudited Financial Statements for the Year Ended 30 November 2023

1

General information

The company is a private company limited by share capital, incorporated in England.

The address of its registered office is:
6 Houndiscombe Road
Plymouth
Devon
PL4 6HH
United Kingdom

The principal place of business is:
11 Truro Road
St Austell
Cornwall
PL25 5JE

2

Accounting policies

Summary of significant accounting policies and key accounting estimates

The principal accounting policies applied in the preparation of these financial statements are set out below. These policies have been consistently applied to all the years presented, unless otherwise stated.

Statement of compliance

These financial statements have been prepared in accordance with Financial Reporting Standard 102 Section 1A smaller entities - 'The Financial Reporting Standard applicable in the United Kingdom and Republic of Ireland' and the Companies Act 2006 (as applicable to companies subject to the small companies' regime).

Basis of preparation

These financial statements have been prepared using the historical cost convention except that as disclosed in the accounting policies certain items are shown at fair value.

Tangible assets

Tangible assets are stated in the balance sheet at cost, less any subsequent accumulated depreciation and subsequent accumulated impairment losses.

The cost of tangible assets includes directly attributable incremental costs incurred in their acquisition and installation.

 

Walkers Restaurants Limited

Notes to the Unaudited Financial Statements for the Year Ended 30 November 2023

Depreciation

Depreciation is charged so as to write off the cost of assets, other than land and properties under construction over their estimated useful lives, as follows:

Asset class

Depreciation method and rate

Fixtures and fittings

20% reducing balance

Computer equipment

33% straight line

3

Staff numbers

The average number of persons employed by the company (including directors) during the year, was 9 (2022 - 9).

4

Loss/profit before tax

Arrived at after charging/(crediting)

2023
£

2022
£

Depreciation expense

1,934

1,987

5

Tangible assets

Land and buildings
£

Furniture, fittings and equipment
 £

Total
£

Cost or valuation

At 1 December 2022

265,121

92,507

357,628

At 30 November 2023

265,121

92,507

357,628

Depreciation

At 1 December 2022

44,086

91,451

135,537

Charge for the year

1,724

211

1,935

At 30 November 2023

45,810

91,662

137,472

Carrying amount

At 30 November 2023

219,311

845

220,156

At 30 November 2022

221,035

1,056

222,091

 

Walkers Restaurants Limited

Notes to the Unaudited Financial Statements for the Year Ended 30 November 2023

6

Debtors

2023
£

2022
£

Trade debtors

149,995

194,995

Other debtors

40,000

6,653

189,995

201,648

7

Creditors

Creditors: amounts falling due within one year

2023
£

2022
£

Due within one year

Bank loans and overdrafts

12,782

13,186

Trade creditors

8,097

4,618

Taxation and social security

11,039

15,977

Other creditors

17,300

15,722

49,218

49,503

Due after one year

Loans and borrowings

13,200

22,000

8

Related party transactions

During the year the company made cash advances of £7,028 (2022 : £3,334) to the directors, this amount was fully repaid during the year.