Caseware UK (AP4) 2023.0.135 2023.0.135 2024-03-312024-03-31truefalse2023-04-01falseOpticians1313trueThe members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006. 08114337 2023-04-01 2024-03-31 08114337 2022-04-01 2023-03-31 08114337 2024-03-31 08114337 2023-03-31 08114337 c:Director1 2023-04-01 2024-03-31 08114337 d:Buildings 2023-04-01 2024-03-31 08114337 d:Buildings 2024-03-31 08114337 d:Buildings 2023-03-31 08114337 d:Buildings d:OwnedOrFreeholdAssets 2023-04-01 2024-03-31 08114337 d:Buildings d:LongLeaseholdAssets 2023-04-01 2024-03-31 08114337 d:PlantMachinery 2023-04-01 2024-03-31 08114337 d:FurnitureFittings 2023-04-01 2024-03-31 08114337 d:OtherPropertyPlantEquipment 2023-04-01 2024-03-31 08114337 d:OtherPropertyPlantEquipment 2024-03-31 08114337 d:OtherPropertyPlantEquipment 2023-03-31 08114337 d:OtherPropertyPlantEquipment d:OwnedOrFreeholdAssets 2023-04-01 2024-03-31 08114337 d:OwnedOrFreeholdAssets 2023-04-01 2024-03-31 08114337 d:Goodwill 2024-03-31 08114337 d:Goodwill 2023-03-31 08114337 d:CurrentFinancialInstruments 2024-03-31 08114337 d:CurrentFinancialInstruments 2023-03-31 08114337 d:CurrentFinancialInstruments d:WithinOneYear 2024-03-31 08114337 d:CurrentFinancialInstruments d:WithinOneYear 2023-03-31 08114337 d:ShareCapital 2024-03-31 08114337 d:ShareCapital 2023-03-31 08114337 d:RetainedEarningsAccumulatedLosses 2024-03-31 08114337 d:RetainedEarningsAccumulatedLosses 2023-03-31 08114337 c:FRS102 2023-04-01 2024-03-31 08114337 c:AuditExempt-NoAccountantsReport 2023-04-01 2024-03-31 08114337 c:FullAccounts 2023-04-01 2024-03-31 08114337 c:PrivateLimitedCompanyLtd 2023-04-01 2024-03-31 08114337 2 2023-04-01 2024-03-31 08114337 e:PoundSterling 2023-04-01 2024-03-31 iso4217:GBP xbrli:pure

Registered number: 08114337










KEITH WALKER 28 LIMITED








UNAUDITED

FINANCIAL STATEMENTS

INFORMATION FOR FILING WITH THE REGISTRAR

FOR THE YEAR ENDED 31 MARCH 2024

 
KEITH WALKER 28 LIMITED
REGISTERED NUMBER: 08114337

BALANCE SHEET
AS AT 31 MARCH 2024

2024
2023
Note
£
£

Fixed assets
  

Tangible assets
 5 
12,109
10,411

  
12,109
10,411

Current assets
  

Stocks
  
80,762
82,147

Debtors: amounts falling due within one year
 6 
40,141
34,180

Cash at bank and in hand
 7 
105,820
186,882

  
226,723
303,209

Creditors: amounts falling due within one year
 8 
(94,170)
(107,159)

Net current assets
  
 
 
132,553
 
 
196,050

Total assets less current liabilities
  
144,662
206,461

Provisions for liabilities
  

Deferred tax
  
(3,028)
(2,603)

  
 
 
(3,028)
 
 
(2,603)

Net assets
  
141,634
203,858


Capital and reserves
  

Called up share capital 
  
1,000
1,000

Profit and loss account
  
140,634
202,858

  
141,634
203,858


The directors consider that the company is entitled to exemption from audit under section 477 of the Companies Act 2006 and members have not required the company to obtain an audit for the year in question in accordance with section 476 of the Companies Act 2006.

The directors acknowledge their responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of financial statements.

Page 1

 
KEITH WALKER 28 LIMITED
REGISTERED NUMBER: 08114337
    
BALANCE SHEET (CONTINUED)
AS AT 31 MARCH 2024

The financial statements have been prepared in accordance with the provisions applicable to companies subject to the small companies regime and in accordance with the provisions of FRS 102 Section 1A - small entities.

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

The company has opted not to file the statement of income and retained earnings in accordance with provisions applicable to companies subject to the small companies' regime.

The financial statements were approved and authorised for issue by the board and were signed on its behalf by: 




Mrs M A Weighill
Director

Date: 21 August 2024

The notes on pages 3 to 9 form part of these financial statements.

Page 2

 
KEITH WALKER 28 LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2024

1.


General information

The company is a private company, limited by shares, incorporated in England and Wales and its
registered office is:-
28 Victoria Road
Hartlepool
TS26 8DD

2.Accounting policies

 
2.1

Basis of preparation of financial statements

The financial statements have been prepared under the historical cost convention unless otherwise specified within these accounting policies and in accordance with FRS 102 'The Financial Reporting Standard applicable in the UK and the Republic of Ireland' and the requirements of the Companies Act 2006. 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 following principal accounting policies have been applied:

 
2.2

Going concern

No material uncertainties that may cast significant doubt over the ability of the company to continue
as a going concern have been identified by the directors.
Page 3

 
KEITH WALKER 28 LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2024

2.Accounting policies (continued)

 
2.3

Revenue

Revenue is recognised to the extent that it is probable that the economic benefits will flow to the company and the revenue can be reliably measured. Revenue is measured as the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes. The following criteria must also be met before revenue is recognised:

Sale of goods

Revenue from the sale of goods is recognised when all of the following conditions are satisfied:
the company has transferred the significant risks and rewards of ownership to the buyer;
the company retains neither continuing managerial involvement to the degree usually associated with ownership nor effective control over the goods sold;
the amount of revenue can be measured reliably;
it is probable that the company will receive the consideration due under the transaction; and
the costs incurred or to be incurred in respect of the transaction can be measured reliably.

Rendering of services

Revenue from a contract to provide services is recognised in the period in which the services are provided in accordance with the stage of completion of the contract when all of the following conditions are satisfied:
the amount of revenue can be measured reliably;
it is probable that the company will receive the consideration due under the contract;
the stage of completion of the contract at the end of the reporting period can be measured reliably; and
the costs incurred and the costs to complete the contract can be measured reliably.

 
2.4

Operating leases: the company as lessee

Rentals paid under operating leases are charged to profit or loss on a straight-line basis over the lease term.

 
2.5

Interest income

Interest income is recognised in profit or loss using the effective interest method.

 
2.6

Pensions

Defined contribution pension plan

The company operates a defined contribution plan for its employees. A defined contribution plan is a pension plan under which the company pays fixed contributions into a separate entity. Once the contributions have been paid the company has no further payment obligations.

The contributions are recognised as an expense in profit or loss when they fall due. Amounts not paid are shown in accruals as a liability in the balance sheet. The assets of the plan are held separately from the company in independently administered funds.

Page 4

 
KEITH WALKER 28 LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2024

2.Accounting policies (continued)

 
2.7

Current and deferred taxation

The tax expense for the year comprises current and deferred tax. Tax is recognised in profit or loss except that a charge attributable to an item of income and expense recognised as other comprehensive income or to an item recognised directly in equity is also recognised in other comprehensive income or directly in equity respectively.

The current income tax charge is calculated on the basis of tax rates and laws that have been enacted or substantively enacted by the balance sheet date in the countries where the company operates and generates income.

Deferred tax balances are recognised in respect of all timing differences that have originated but not reversed by the balance sheet date, except that:
The recognition of deferred tax assets is limited to the extent that it is probable that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits; and
Any deferred tax balances are reversed if and when all conditions for retaining associated tax allowances have been met.

Deferred tax balances are not recognised in respect of permanent differences except in respect of business combinations, when deferred tax is recognised on the differences between the fair values of assets acquired and the future tax deductions available for them and the differences between the fair values of liabilities acquired and the amount that will be assessed for tax. Deferred tax is determined using tax rates and laws that have been enacted or substantively enacted by the balance sheet date.

 
2.8

Intangible assets

Goodwill represents the difference between amounts paid on the cost of a business combination and the acquirer’s interest in the fair value of its identifiable assets and liabilities of the acquiree at the date of acquisition. Subsequent to initial recognition, Goodwill is measured at cost less accumulated amortisation and accumulated impairment losses. Goodwill is amortised on a straight line basis to the statement of comprehensive income over its useful economic life of 10 years.

 
2.9

Tangible fixed assets

Tangible fixed assets under the cost model are stated at historical cost less accumulated depreciation and any accumulated impairment losses. Historical cost includes expenditure that is directly attributable to bringing the asset to the location and condition necessary for it to be capable of operating in the manner intended by management.

Page 5

 
KEITH WALKER 28 LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2024

2.Accounting policies (continued)


2.9
Tangible fixed assets (continued)

Depreciation is charged so as to allocate the cost of assets less their residual value over their estimated useful lives, using the straight-line method.

Depreciation is provided on the following basis:

Leasehold property
-
10 years straight line
Computer equipment
-
4 years straight line
Fixtures & fittings
-
7 years straight line

The assets' residual values, useful lives and depreciation methods are reviewed, and adjusted prospectively if appropriate, or if there is an indication of a significant change since the last reporting date.

Gains and losses on disposals are determined by comparing the proceeds with the carrying amount and are recognised in profit or loss.

 
2.10

Stocks

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

 
2.11

Debtors

Short term debtors are measured at transaction price, less any impairment.

 
2.12

Cash and cash equivalents

Cash is represented by cash in hand and deposits with financial institutions repayable without penalty on notice of not more than 24 hours.

 
2.13

Creditors

Short-term creditors are measured at the transaction price. Other financial liabilities, including bank loans, are measured initially at fair value, net of transaction costs, and are measured subsequently at amortised cost using the effective interest method.
 
2.14

Dividends

Equity dividends are recognised when they become legally payable. Interim equity dividends are recognised when paid. Final equity dividends are recognised when approved by the shareholders. Dividends on shares recognised as liabilities are recognised as expenses and classified within interest payable.


3.


Employees

The average monthly number of employees, including directors, during the year was 13 (2023 - 13).

Page 6

 
KEITH WALKER 28 LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2024

4.


Intangible assets




Goodwill

£



Cost


At 1 April 2023
450,000



At 31 March 2024

450,000



Amortisation


At 1 April 2023
450,000



At 31 March 2024

450,000



Net book value



At 31 March 2024
-



At 31 March 2023
-



Page 7

 
KEITH WALKER 28 LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2024

5.


Tangible fixed assets





Leasehold property
Other fixed assets
Total

£
£
£



Cost


At 1 April 2023
5,688
46,777
52,465


Additions
-
6,206
6,206



At 31 March 2024

5,688
52,983
58,671



Depreciation


At 1 April 2023
5,686
36,368
42,054


Charge for the year on owned assets
2
4,506
4,508



At 31 March 2024

5,688
40,874
46,562



Net book value



At 31 March 2024
-
12,109
12,109



At 31 March 2023
2
10,409
10,411


6.


Debtors

2024
2023
£
£


Trade debtors
14,861
15,768

Other debtors
16,016
8,317

Prepayments and accrued income
9,264
10,095

40,141
34,180



7.


Cash and cash equivalents

2024
2023
£
£

Cash at bank and in hand
105,820
186,882

105,820
186,882


Page 8

 
KEITH WALKER 28 LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2024

8.


Creditors: Amounts falling due within one year

2024
2023
£
£

Trade creditors
24,709
40,736

Corporation tax
57,984
56,389

Other taxation and social security
1,824
2,007

Other creditors
3,222
1,976

Accruals and deferred income
6,431
6,051

94,170
107,159



9.


Transactions with the directors

During the year the company provided loans to the directors of £12,460, this was the maximum outstanding in the year and will be repaid within 9 months.  At 31 March 2023 the company owed the directors £331.

 
Page 9