Company registration number 10350635 (England and Wales)
WALK IT BACK LIMITED
UNAUDITED FINANCIAL STATEMENTS
FOR THE YEAR ENDED 29 AUGUST 2023
PAGES FOR FILING WITH REGISTRAR
WALK IT BACK LIMITED
COMPANY INFORMATION
Director
Mr C Cohon
Company number
10350635
Registered office
Suite 239
28 Old Brompton Road
London
SW7 3SS
Accountants
Theataccounts Limited
The Oakley
Kidderminster Road
Droitwich
Worcestershire
WR9 9AY
WALK IT BACK LIMITED
CONTENTS
Page
Accountants' report
1
Balance sheet
2
Notes to the financial statements
3 - 5
WALK IT BACK LIMITED
ENTERTAINMENT ACCOUNTANTS' REPORT TO THE DIRECTOR ON THE PREPARATION OF THE UNAUDITED STATUTORY FINANCIAL STATEMENTS OF WALK IT BACK LIMITED FOR THE YEAR ENDED 29 AUGUST 2023
- 1 -

In order to assist you to fulfil your duties under the Companies Act 2006, we have prepared for your approval the financial statements of Walk It Back Limited for the year ended 29 August 2023 which comprise, the Balance Sheet and the related notes from the company’s accounting records and from information and explanations you have given us.

 

It is your duty to ensure that Walk It Back Limited has kept adequate accounting records and to prepare statutory financial statements that give a true and fair view of the assets, liabilities, financial position and loss of Walk It Back Limited. You consider that Walk It Back 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 financial statements of Walk It Back 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 financial statements.

Theataccounts Limited
29 August 2024
Entertainment Accountants
The Oakley
Kidderminster Road
Droitwich
Worcestershire
WR9 9AY
WALK IT BACK LIMITED
BALANCE SHEET
AS AT 29 AUGUST 2023
29 August 2023
- 2 -
2023
2022
Notes
£
£
£
£
Fixed assets
Tangible assets
3
103,223
62,381
Current assets
Debtors
4
61,588
71,979
Cash at bank and in hand
49,462
22,404
111,050
94,383
Creditors: amounts falling due within one year
5
(1,115,872)
(326,204)
Net current liabilities
(1,004,822)
(231,821)
Net liabilities
(901,599)
(169,440)
Capital and reserves
Called up share capital
6
10
10
Profit and loss reserves
(901,609)
(169,450)
Total equity
(901,599)
(169,440)

The director of the company has elected not to include a copy of the profit and loss account within the financial statements.true

For the financial year ended 29 August 2023 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

The director acknowledges his responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of financial statements.

The member has not required the company to obtain an audit of its financial statements for the year in question in accordance with section 476.

These financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime.

The financial statements were approved and signed by the director and authorised for issue on 29 August 2024
Mr C Cohon
Director
Company registration number 10350635 (England and Wales)
WALK IT BACK LIMITED
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 29 AUGUST 2023
- 3 -
1
Accounting policies
Company information

Walk It Back Limited is a private company limited by shares incorporated in England and Wales. The registered office is Suite 239, 28 Old Brompton Road, London SW7 3SS.

1.1
Accounting convention

These financial statements have been prepared in accordance with FRS 102 “The Financial Reporting Standard applicable in the UK and Republic of Ireland” (“FRS 102”) and the requirements of the Companies Act 2006 as applicable to companies subject to the small companies regime. The disclosure requirements of section 1A of FRS 102 have been applied other than where additional disclosure is required to show a true and fair view.

The financial statements have been prepared under the historical cost convention. The principal accounting policies adopted are set out below.

1.2
Turnover

Turnover is recognised at the fair value of the consideration received or receivable for goods and services provided in the normal course of business, and is shown net of VAT.

Revenue from the provision of services is recognised by reference to the stage of completion, when the costs incurred and costs to complete can be estimated reliably.

1.3
Tangible fixed assets

Tangible fixed assets are initially measured at cost and subsequently measured at cost or valuation, net of depreciation and any impairment losses.

Depreciation is recognised so as to write off the cost or valuation of assets less their residual values over their useful lives on the following bases:

Plant and equipment
25% reducing balance
Computers
33% on cost
1.4
Taxation

The tax expense represents the sum of the tax currently payable and deferred tax.

Current tax

The tax currently payable is based on taxable profit for the year. Taxable profit differs from net profit as reported in the profit and loss account because it excludes items of income or expense that are taxable or deductible in other years and it further excludes items that are never taxable or deductible. The company’s liability for current tax is calculated using tax rates that have been enacted or substantively enacted by the reporting end date.

WALK IT BACK LIMITED
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 29 AUGUST 2023
1
Accounting policies
(Continued)
- 4 -
Deferred tax

Deferred tax liabilities are generally recognised for all timing differences and deferred tax assets are recognised to the extent that it is probable that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits. Such assets and liabilities are not recognised if the timing difference arises from goodwill or from the initial recognition of other assets and liabilities in a transaction that affects neither the tax profit nor the accounting profit.

 

The carrying amount of deferred tax assets is reviewed at each reporting end date and reduced to the extent that it is no longer probable that sufficient taxable profits will be available to allow all or part of the asset to be recovered. Deferred tax is calculated at the tax rates that are expected to apply in the period when the liability is settled or the asset is realised. Deferred tax is charged or credited in the profit and loss account, except when it relates to items charged or credited directly to equity, in which case the deferred tax is also dealt with in equity. Deferred tax assets and liabilities are offset when the company has a legally enforceable right to offset current tax assets and liabilities and the deferred tax assets and liabilities relate to taxes levied by the same tax authority.

1.5
Foreign exchange

Transactions in currencies other than pounds sterling are recorded at the rates of exchange prevailing at the dates of the transactions. At each reporting end date, monetary assets and liabilities that are denominated in foreign currencies are retranslated at the rates prevailing on the reporting end date. Gains and losses arising on translation in the period are included in profit or loss.

2
Employees

The average monthly number of persons (including directors) employed by the company during the year was:

2023
2022
Number
Number
Total
1
1
WALK IT BACK LIMITED
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 29 AUGUST 2023
- 5 -
3
Tangible fixed assets
Plant and equipment
Computers
Total
£
£
£
Cost
At 31 August 2022
83,175
600
83,775
Additions
73,992
1,408
75,400
At 29 August 2023
157,167
2,008
159,175
Depreciation and impairment
At 31 August 2022
20,794
600
21,394
Depreciation charged in the year
34,093
465
34,558
At 29 August 2023
54,887
1,065
55,952
Carrying amount
At 29 August 2023
102,280
943
103,223
At 30 August 2022
62,381
-
0
62,381
4
Debtors
2023
2022
Amounts falling due within one year:
£
£
Trade debtors
-
0
50,000
Other debtors
61,588
21,979
61,588
71,979
5
Creditors: amounts falling due within one year
2023
2022
£
£
Trade creditors
83,491
21,384
Other creditors
1,032,381
304,820
1,115,872
326,204
6
Called up share capital
2023
2022
2023
2022
Ordinary share capital
Number
Number
£
£
Issued and fully paid
Ordinary of 1p each
999
999
10
10
7
Ultimate controlling party

The Ultimate controlling party is Mr C Cohon.

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