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REGISTERED NUMBER: 04374457 (England and Wales)















Financial Statements for the Year Ended 30 November 2023

for

Richard Walker Limited

Richard Walker Limited (Registered number: 04374457)

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










Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


Richard Walker Limited

Company Information
for the Year Ended 30 November 2023







DIRECTORS: R H Walker
H M Walker





SECRETARY: R H Walker





REGISTERED OFFICE: Selbourne Bungalow
Back Commons
Clitheroe
Lancashire
BB7 2DX





REGISTERED NUMBER: 04374457 (England and Wales)





ACCOUNTANTS: Bennett Kirkhope Smith
Chartered Certified Accountants
Suites 5 & 6 The Printworks
Hey Road
Barrow
Clitheroe
Lancashire
BB7 9WB

Richard Walker Limited (Registered number: 04374457)

Balance Sheet
30 November 2023

30.11.23 30.11.22
Notes £    £    £    £   
FIXED ASSETS
Intangible assets 4 - -
Tangible assets 5 162,960 129,576
162,960 129,576

CURRENT ASSETS
Stocks - 250
Debtors 6 42,706 42,888
Cash at bank 47,494 66,576
90,200 109,714
CREDITORS
Amounts falling due within one year 7 88,966 81,641
NET CURRENT ASSETS 1,234 28,073
TOTAL ASSETS LESS CURRENT
LIABILITIES

164,194

157,649

CREDITORS
Amounts falling due after more than one
year

8

(8,497

)

(24,827

)

PROVISIONS FOR LIABILITIES 9 (35,888 ) (27,816 )
NET ASSETS 119,809 105,006

CAPITAL AND RESERVES
Called up share capital 10 100 100
Retained earnings 119,709 104,906
SHAREHOLDERS' FUNDS 119,809 105,006

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

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

Richard Walker Limited (Registered number: 04374457)

Balance Sheet - continued
30 November 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 Statement of Income and Retained Earnings has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 29 August 2024 and were signed on its behalf by:





H M Walker - Director


Richard Walker Limited (Registered number: 04374457)

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


1. STATUTORY INFORMATION

Richard Walker 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.

Goodwill
Goodwill, being the amount paid in connection with the acquisition of a business in 2002, is being amortised evenly over its estimated useful life of twenty 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.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life or, if held under a finance lease, over the lease term, whichever is the shorter.
Plant and machinery - 20% on reducing balance
Fixtures and fittings - 25% on cost
Computer equipment - 33% on cost

Stocks
Stocks are valued at the lower of cost and net realisable value, after making due allowance for obsolete and slow moving items.

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.

Richard Walker Limited (Registered number: 04374457)

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


2. ACCOUNTING POLICIES - continued

Hire purchase and leasing commitments
Assets obtained under hire purchase contracts or finance leases are capitalised in the balance sheet. Those held under hire purchase contracts are depreciated over their estimated useful lives. Those held under finance leases are depreciated over their estimated useful lives or the lease term, whichever is the shorter.

The interest element of these obligations is charged to profit or loss over the relevant period. The capital element of the future payments is treated as a liability.

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 3 (2022 - 3 ) .

4. INTANGIBLE FIXED ASSETS
Goodwill
£   
COST
At 1 December 2022
and 30 November 2023 15,000
AMORTISATION
At 1 December 2022
and 30 November 2023 15,000
NET BOOK VALUE
At 30 November 2023 -
At 30 November 2022 -

5. TANGIBLE FIXED ASSETS
Fixtures
Plant and and Computer
machinery fittings equipment Totals
£    £    £    £   
COST
At 1 December 2022 192,450 320 4,520 197,290
Additions 63,094 - - 63,094
At 30 November 2023 255,544 320 4,520 260,384
DEPRECIATION
At 1 December 2022 65,083 320 2,311 67,714
Charge for year 28,628 - 1,082 29,710
At 30 November 2023 93,711 320 3,393 97,424
NET BOOK VALUE
At 30 November 2023 161,833 - 1,127 162,960
At 30 November 2022 127,367 - 2,209 129,576

Richard Walker Limited (Registered number: 04374457)

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


5. TANGIBLE FIXED ASSETS - continued

Fixed assets, included in the above, which are held under hire purchase contracts are as follows:
Plant and
machinery
£   
COST
At 1 December 2022
and 30 November 2023 113,000
DEPRECIATION
At 1 December 2022 16,950
Charge for year 19,210
At 30 November 2023 36,160
NET BOOK VALUE
At 30 November 2023 76,840
At 30 November 2022 96,050

6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
30.11.23 30.11.22
£    £   
Trade debtors 39,115 38,389
Prepayments 3,591 4,499
42,706 42,888

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
30.11.23 30.11.22
£    £   
Hire purchase contracts 16,330 21,330
Trade creditors 2,362 1,785
Corporation tax 9,474 -
Social security and other taxes - 222
VAT 12,412 13,621
Other creditors - 124
Directors' current accounts 39,439 36,214
Accrued expenses 8,949 8,345
88,966 81,641

8. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
30.11.23 30.11.22
£    £   
Hire purchase contracts 8,497 24,827

9. PROVISIONS FOR LIABILITIES
30.11.23 30.11.22
£    £   
Deferred tax 35,888 27,816

Richard Walker Limited (Registered number: 04374457)

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


9. PROVISIONS FOR LIABILITIES - continued

Deferred
tax
£   
Balance at 1 December 2022 27,816
Charge to Statement of Income and Retained Earnings during year 8,072
Super deduction
Balance at 30 November 2023 35,888

10. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 30.11.23 30.11.22
value: £    £   
100 Ordinary £1 100 100

11. DIRECTORS' ADVANCES, CREDITS AND GUARANTEES

The following advances and credits to directors subsisted during the years ended 30 November 2023 and 30 November 2022:

30.11.23 30.11.22
£    £   
R H Walker and H M Walker
Balance outstanding at start of year - 9,794
Amounts repaid - (9,794 )
Amounts written off - -
Amounts waived - -
Balance outstanding at end of year - -