H.G.WALKER LIMITED

Company Registration Number:
00799617 (England and Wales)

Unaudited abridged accounts for the year ended 31 December 2023

Period of accounts

Start date: 01 January 2023

End date: 31 December 2023

H.G.WALKER LIMITED

Contents of the Financial Statements

for the Period Ended 31 December 2023

Balance sheet
Notes

H.G.WALKER LIMITED

Balance sheet

As at 31 December 2023


Notes

2023

2022


£

£
Fixed assets
Tangible assets: 3 25,585 27,200
Total fixed assets: 25,585 27,200
Current assets
Debtors: 4 451,919 353,628
Cash at bank and in hand: 1,022,476 1,019,650
Total current assets: 1,474,395 1,373,278
Creditors: amounts falling due within one year: 5 (522,673) (426,023)
Net current assets (liabilities): 951,722 947,255
Total assets less current liabilities: 977,307 974,455
Creditors: amounts falling due after more than one year: 6 (60,000) (60,000)
Provision for liabilities: (2,003) 0
Total net assets (liabilities): 915,304 914,455
Capital and reserves
Called up share capital: 2,501 2,501
Other reserves: 11,140 11,140
Profit and loss account: 901,663 900,814
Shareholders funds: 915,304 914,455

The notes form part of these financial statements

H.G.WALKER LIMITED

Balance sheet statements

For the year ending 31 December 2023 the company was entitled to exemption under section 477 of the Companies Act 2006 relating to small companies.

The members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.

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

The members have agreed to the preparation of abridged accounts for this accounting period in accordance with Section 444(2A).

These accounts have been prepared in accordance with the provisions applicable to companies subject to the small companies regime.

The directors have chosen to not file a copy of the company’s profit & loss account.

This report was approved by the board of directors on 05 August 2024
and signed on behalf of the board by:

Name: E BARRETT
Status: Director

The notes form part of these financial statements

H.G.WALKER LIMITED

Notes to the Financial Statements

for the Period Ended 31 December 2023

1. Accounting policies

These financial statements have been prepared in accordance with the provisions of Section 1A (Small Entities) of Financial Reporting Standard 102

Turnover policy

Turnover represents the monetary value of the sale of goods up to the balance sheet date and is recognised at the point of sale when the goods are delivered and legal title has passed.

Tangible fixed assets and depreciation policy

Tangible fixed assets are stated at cost less accumulated depreciation and any accumulated impairment losses. Depreciation is provided at the following annual rates in order to write off each asset held by the Company for its own use, over its estimated useful life. The annual depreciation rates and methods are as follows:- Motor Vehicles - 25% on reducing instalments Plant & Equipment - 25% on reducing instalments Fixtures & Fittings - 25% on reducing instalments Office Equipment - 25% on reducing instalments

Other accounting policies

Taxation Taxation represents the sum of tax currently payable and deferred tax. Deferred tax assets and deferred tax liabilities are recognised in respect of all timing differences that have originated but not reversed at the balance sheet date. Debtors and Creditors Receivable/Payable Within One Year Debtors and creditors with no stated interest rate and receivable or payable within one year are recorded at transaction price. Any losses arising from impairment are recognised in the profit and loss account in administrative expenses. Leased Assets Rentals applicable to operating leases where substantially all of the benefits and risks of ownership remain with the lessor are charged to the profit and loss account on a straight-line basis over the lease term. Pension Costs and other post-retirement benefits The Company participates in a number of defined contribution pension schemes for the Directors and Employees. Contributions payable to the Company's pension schemes are charged to the profit and loss account in the period to which they relate.

H.G.WALKER LIMITED

Notes to the Financial Statements

for the Period Ended 31 December 2023

2. Employees

2023 2022
Average number of employees during the period 7 7

H.G.WALKER LIMITED

Notes to the Financial Statements

for the Period Ended 31 December 2023

3. Tangible Assets

Total
Cost £
At 01 January 2023 109,305
Additions 8,465
Disposals (7,803)
At 31 December 2023 109,967
Depreciation
At 01 January 2023 82,105
Charge for year 6,445
On disposals (4,168)
At 31 December 2023 84,382
Net book value
At 31 December 2023 25,585
At 31 December 2022 27,200

H.G.WALKER LIMITED

Notes to the Financial Statements

for the Period Ended 31 December 2023

4. Debtors

2023 2022
££
Debtors due after more than one year: 15,000 15,000

H.G.WALKER LIMITED

Notes to the Financial Statements

for the Period Ended 31 December 2023

5. Creditors: amounts falling due within one year note

There are no secured creditors.

H.G.WALKER LIMITED

Notes to the Financial Statements

for the Period Ended 31 December 2023

6. Creditors: amounts falling due after more than one year note

There are no secured creditors.

H.G.WALKER LIMITED

Notes to the Financial Statements

for the Period Ended 31 December 2023

7. Financial commitments

At 31 December 2023 the Company had total commitments under non cancellable operating leases in respect of business premises as follows: -Within one year : £17,117 (2022: £Nil ) -Between one and five years: £62,762 (2022: £Nil) The Company now occupies its premises under a Tenancy at Will ,terminable at any time by either party when rent and service charge obligations come to an end ,although the latter may be determined after the date of termination . The service charge year ends on 31 March in each year and is apportioned up to the date of termination.