2023-02-01 08799139 2024-01-31 08799139 2023-02-01 2024-01-31 08799139 2023-01-31 08799139 2022-02-01 2023-01-31 08799139 uk-core:WithinOneYear 2023-01-31 08799139 uk-core:WithinOneYear 2024-01-31 08799139 uk-core:ShareCapital 2024-01-31 08799139 uk-core:ShareCapital 2023-01-31 08799139 uk-core:RetainedEarningsAccumulatedLosses 2024-01-31 08799139 uk-core:RetainedEarningsAccumulatedLosses 2023-01-31 08799139 uk-bus:Director1 2023-02-01 2024-01-31 08799139 uk-core:PlantMachinery 2023-02-01 2024-01-31 08799139 uk-core:ToolsEquipment 2023-02-01 2024-01-31 08799139 uk-core:CommercialMotorVehicles 2023-02-01 2024-01-31 08799139 uk-core:WithinOneYear 2024-01-31 08799139 uk-core:WithinOneYear 2023-01-31 iso4217:GBP xbrli:pure 08799139 uk-bus:AuditExempt-NoAccountantsReport 2023-02-01 2024-01-31 08799139 uk-bus:FRS102 2023-02-01 2024-01-31 08799139 uk-bus:FilletedAccounts 2023-02-01 2024-01-31 08799139 uk-bus:PrivateLimitedCompanyLtd 2023-02-01 2024-01-31
Waltons Garage Services Ltd
Registered Number:08799139
For the year ended 31 January 2024
England and Wales
Unaudited Financial Statements
2
For the year ended 31 January 2024
Waltons Garage Services Ltd
Contents Page
1
Statement of Financial Position
2 to 4
Notes to the Financial Statements
3
Registered Number :
08799139
As at 31 January 2024
Waltons Garage Services Ltd
Statement of Financial Position
£
£
2023
2024
Notes
Fixed assets
Property, plant and equipment
4,577
6,103
4,577
6,103
Current assets
Inventories
4,020
3,642
2
Trade and other receivables
18,879
17,024
3
3,617
Cash and cash equivalents
5,111
25,777
26,516
Trade and other payables: amounts falling due
within one year
(27,403)
(22,094)
4
(887)
3,683
Net current assets
Total assets less current liabilities
8,260
5,216
8,260
Net assets
5,216
Capital and reserves
Called up share capital
100
100
Retained earnings
8,160
5,116
8,260
5,216
Shareholders' funds
For the year ended 31 January 2024 the company was entitled to exemption from audit under Section 477 of the Companies Act 2006 relating to small companies.
The members have not required the company to obtain an audit of its financial statements for the year ended 31 January 2024 in accordance with Section 476 of the Companies Act 2006
The director acknowledges his responsibilities for:a) ensuring that the company keeps proper 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 Section 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.
In accordance with Section 444 of the Companies Act 2006, the Income Statement has not been deliver
ed.
The financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime.
Mr Gary Walton Director
These financial statements were approved and authorised for issue by the Board on 06 September 2024 and were signed by:
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4
Registered Number :
08799139
For the year ended 31 January 2024
Waltons Garage Services Ltd
Statement of Financial Position Continued
The notes form part of these financial statements
2 of 4
5
For the year ended 31 January 2024
Waltons Garage Services Ltd
Notes to the Financial Statements
Statutory Information
Waltons Garage Services Ltd is a private limited company, limited by shares, domiciled in England and
Wales, registration number 08799139.
Registered address:
Unit 7, Whiteleather Square Ind Est
Billingborough
Sleaford
NG34 0QP
The presentation currency is £ sterling.
1. Accounting policies
Basis of preparing the financial statements
These financial statements have been prepared in accordance with the provisions of Section 1A of
Financial Reporting Standard 102 'The Financial Reporting Standard applicable in the UK and
Republic of Ireland' and the Companies Act 2006. The financial statements have been prepared
under the historical costs convention as modified by the revaluation of certain assets.
Property, plant and equipment
Property, plant and equipment, other than freehold land, are stated at cost or valuation less depreciation and any provision for impairment. Depreciation is provided at rates calculated to write off the cost or valuation of fixed assets, less their estimated residual value, over their expected useful lives on the following basis:
Plant and machinery
25% Reducing balance
25% Reducing balance
Computer equipment
25% Reducing balance
Motor vehicles
2. Inventories
2023
2024
£
£
Stocks
3,642
4,020
3. Trade and other receivables
2023
2024
£
£
Trade debtors
16,255
18,338
Other debtors
769
541
18,879
17,024
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6
For the year ended 31 January 2024
Waltons Garage Services Ltd
Notes to the Financial Statements Continued
4. Trade and other payables: amounts falling due within one year
2023
2024
£
£
Bank loans and overdraft
2,124
4,570
Trade creditors
12,110
13,342
Taxation and social security
6,955
5,568
Other creditors
905
3,923
22,094
27,403
5. Average number of persons employed
During the year the average number of employees was 4 (2023 : 4)
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