06032415falseflooring specialsts2023-01-012023-12-31http://www.companieshouse.gov.uk/2022-12-31http://www.companieshouse.gov.uk/cd:CompanySecretary12023-01-012023-12-31http://www.companieshouse.gov.uk/pt:ShareCapital2022-12-31http://www.companieshouse.gov.uk/cd:Director12023-01-012023-12-31http://www.companieshouse.gov.uk/pt:CommercialMotorVehicles2022-12-31http://www.companieshouse.gov.uk/pt:ShareCapital2023-12-31http://www.companieshouse.gov.uk/cd:Director22023-01-012023-12-31http://www.companieshouse.gov.uk/pt:CommercialMotorVehicles2023-12-31http://www.companieshouse.gov.uk/pt:ToolsEquipment2022-12-31http://www.companieshouse.gov.uk/cd:OrdinaryShareClass12023-01-012023-12-31http://www.companieshouse.gov.uk/pt:ToolsEquipment2023-12-31http://www.companieshouse.gov.uk/cd:RegisteredOffice2023-01-012023-12-31http://www.companieshouse.gov.uk/pt:NetGoodwill2022-12-31http://www.companieshouse.gov.uk/pt:NetGoodwill2023-12-31http://www.companieshouse.gov.uk/cd:AuditExemptWithAccountantsReport2023-01-012023-12-31http://www.companieshouse.gov.uk/pt:CurrentFinancialInstruments2023-12-31http://www.companieshouse.gov.uk/pt:NetGoodwill2023-01-012023-12-31http://www.companieshouse.gov.uk/pt:CurrentFinancialInstruments2022-12-31http://www.companieshouse.gov.uk/2023-01-012023-12-31http://www.companieshouse.gov.uk/2022-12-31http://www.companieshouse.gov.uk/cd:FRS1022023-01-012023-12-31http://www.companieshouse.gov.uk/2023-12-31http://www.companieshouse.gov.uk/cd:FullAccounts2023-01-012023-12-31http://www.companieshouse.gov.uk/cd:PrivateLimitedCompanyLtd2023-01-012023-12-31iso4217:GBPxbrli:sharesxbrli:pure
Registered number: 06032415

Walker Carpets Limited

ACCOUNTS
FOR THE YEAR ENDED 31 DECEMBER 2023

Prepared By:
Brieley Grimsdell Falconer Ltd
Chartered Tax Advisers and Accountants
The Surgery
14 Regent Street
Kimberley
Nottinghamshire
NG16 2LW

Walker Carpets Limited

ACCOUNTS
FOR THE YEAR ENDED 31 DECEMBER 2023
DIRECTORS
Mr W D Walker
Mr R N Walker
SECRETARY
Mr W D Walker
REGISTERED OFFICE
7 Holmewood Drive
Giltbrook
Nottingham
NG16 2UG
COMPANY DETAILS
Private company limited by shares registered in EW - England and Wales, registered number 06032415
BANKERS
HSBC, 53 Nottingham Road, Eastwood, Nottingham, NG16 3AE
ACCOUNTANTS
Brieley Grimsdell Falconer Ltd
Chartered Tax Advisers and Accountants
The Surgery
14 Regent Street
Kimberley
Nottinghamshire
NG16 2LW

Walker Carpets Limited

ACCOUNTS
FOR THEYEARENDED31 DECEMBER 2023
CONTENTS
Page
Directors' Report-
Accountants' Report-
Statement Of Comprehensive Income-
Balance Sheet3
Notes To The Accounts4
The following do not form part of the statutory financial statements:
Trading And Profit And Loss Account-
Profit And Loss Account Summaries-

Walker Carpets Limited

BALANCE SHEET AT 31 December 2023
20232022
Notes££
FIXED ASSETS
Intangible assets26,7509,000
Tangible assets38,05510,342
14,80519,342
CURRENT ASSETS
Stock450350
Debtors520,49920,145
Cash at bank and in hand14,49812,439
35,44732,934
CREDITORS: Amounts falling due within one year647,92550,237
NET CURRENT LIABILITIES(12,478)(17,303)
TOTAL ASSETS LESS CURRENT LIABILITIES2,3272,039
PROVISIONS FOR LIABILITIES AND CHARGES81,5301,965
NET ASSETS79774
CAPITAL AND RESERVES
Called up share capital944
Profit and loss account79370
SHAREHOLDERS' FUNDS79774
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.
These accounts have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime.
The directors have decided not to deliver to the registrar a copy of the company's profit and loss account.
Approved by the board on 13 September 2024 and signed on their behalf by
.............................
Mr W D Walker
Director

Walker Carpets Limited

NOTES TO THE ACCOUNTS
FOR THE YEAR ENDED 31 DECEMBER 2023
1. ACCOUNTING POLICIES
1a. Basis Of Accounting
The accounts have been prepared under the historical cost convention.
The accounts have been prepared in accordance with FRS102 - The Financial Reporting Standard applicable in the UK and Republic of Ireland and the Companies Act 2006 .
1b. Depreciation
Depreciation has been provided at the following rates in order to write off the assets over their estimated useful lives.
Commercial Vehiclesreducing balance 25%
Equipmentreducing balance 20%
1c. Stocks
Stocks are stated at the lower of cost and estimated selling price less costs to complete and sell (net realisable value). Costs, which comprise direct production costs, are based on the method most appropriate to the type of inventory class, but usually on a first-in-first-out basis. Overheads are charged to profit or loss as incurred. Net realisable value is based on the estimated selling price less any estimated completion or selling costs.
When stocks are sold, the carrying amount of those stocks is recognised as an expense in the period in which the related revenue is recognised. The amount of any write-down of stocks to net realisable value and all losses of stocks are recognised as an expense in the period in which the write-down or loss occurs. The amount of any reversal of any write-down of stocks is recognised as a reduction in the amount of stocks recognised as an expense in the period in which the reversal occurs.
1d. Pension Costs
The company operates a defined contribution pension scheme. The pension charge represents the amounts payable by the company to the fund in respect of the year.
1e. Goodwill
Goodwill arising in connection with the acquisition of businesses is capitalised and amortised over its estimated economic life to a maximum of 20 years. Goodwill is reviewed annually for impairment if events or changes in circumstances indicate that the carrying value may not be recoverable.

Walker Carpets Limited

2. INTANGIBLE FIXED ASSETS
Purchased
GoodwillTotal
££
Cost
At 1 January 202345,00045,000
At 31 December 202345,00045,000
Depreciation
At 1 January 202336,00036,000
For the year2,2502,250
At 31 December 202338,25038,250
Net Book Amounts
At 31 December 20236,7506,750
At 31 December 20229,0009,000
3. TANGIBLE FIXED ASSETS
Commercial
VehiclesEquipmentTotal
£££
Cost
At 1 January 202322,2803,85026,130
Additions-319319
At 31 December 202322,2804,16926,449
Depreciation
At 1 January 202312,8112,97715,788
For the year2,3672392,606
At 31 December 202315,1783,21618,394
Net Book Amounts
At 31 December 20237,1029538,055
At 31 December 20229,46987310,342
4. STOCK 20232022
££
Stock comprises:
Stock450350
450350

Walker Carpets Limited

5. DEBTORS 20232022
££
Amounts falling due within one year
Trade debtors6,1215,767
Directors current account14,37814,378
20,49920,145
6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
20232022
££
UK corporation tax14,73912,646
Other tax2,6457,423
VAT9,0967,341
Bank Loan10,48014,633
Trade creditors9,5946,957
Accruals1,3711,237
47,92550,237
7. EMPLOYEES
20232022
No.No.
Average number of employees22
8. PROVISIONS FOR LIABILITIES 20232022
££
Deferred taxation1,5301,965
1,5301,965

Walker Carpets Limited

9. SHARE CAPITAL 20232022
££
Allotted, issued and fully paid:
4 Class 1 shares of £1 each44
44
10. CONTROLLING PARTY
The company is controlled by the directors, W D Walker and R N Walker, who own all of the issued share capital of the company.