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REGISTERED NUMBER: 08854650 (England and Wales)














Walther Strong & Company Limited

Unaudited Financial Statements

for the Year Ended 31 December 2023






Walther Strong & Company Limited (Registered number: 08854650)

Contents of the Financial Statements
for the Year Ended 31 December 2023










Page

Company information 1

Chartered accountants' report 2

Statement of financial position 3 to 4

Notes to the financial statements 5 to 8


Walther Strong & Company Limited

Company Information
for the Year Ended 31 December 2023







Director: F Dunn





Registered office: 27 Market Place
Market Deeping
Peterborough
Cambridgeshire
PE6 8EA





Business address: Unit 3
Autumn Park Industrial Estate
Dysart Road
Grantham
Lincolnshire
NG31 7DD





Registered number: 08854650 (England and Wales)





Accountants: Moore Thompson
27 Market Place
Market Deeping
Peterborough
Cambridgeshire
PE6 8EA

Chartered Accountants' Report to the Director
on the Unaudited Financial Statements of
Walther Strong & Company Limited


The following reproduces the text of the report prepared for the director in respect of the company's annual unaudited financial statements. In accordance with the Companies Act 2006, the company is only required to file a Statement of financial position. Readers are cautioned that the Income statement and certain other primary statements and the Director's report are not required to be filed with the Registrar of Companies.

In order to assist you to fulfil your duties under the Companies Act 2006, we have prepared for your approval the financial statements of Walther Strong & Company Limited for the year ended 31 December 2023 which comprise the Income statement, Statement of financial position and the related notes from the company's accounting records and from information and explanations you have given us.

As a practising member firm of the Institute of Chartered Accountants in England and Wales (ICAEW), we are subject to its ethical and other professional requirements which are detailed within the ICAEW's regulations and guidance at http://www.icaew.com/en/membership/regulations-standards-and-guidance.

This report is made solely to the director of Walther Strong & Company Limited in accordance with the terms of our engagement letter dated 10 September 2018. Our work has been undertaken solely to prepare for your approval the financial statements of Walther Strong & Company Limited and state those matters that we have agreed to state to the director of Walther Strong & Company Limited in this report in accordance with ICAEW Technical Release 07/16AAF. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than Walther Strong & Company Limited and its director for our work or for this report.

It is your duty to ensure that Walther Strong & Company 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 profit of Walther Strong & Company Limited. You consider that Walther Strong & Company 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 Walther Strong & Company 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.






Moore Thompson
27 Market Place
Market Deeping
Peterborough
Cambridgeshire
PE6 8EA


6 September 2024

Walther Strong & Company Limited (Registered number: 08854650)

Statement of Financial Position
31 December 2023

2023 2022
Notes £    £    £    £   
Fixed assets
Tangible assets 5 109,066 65,258

Current assets
Stocks 384,927 479,394
Debtors 6 593,738 465,981
Cash at bank 928,703 582,869
1,907,368 1,528,244
Creditors
Amounts falling due within one year 7 570,469 414,986
Net current assets 1,336,899 1,113,258
Total assets less current liabilities 1,445,965 1,178,516

Creditors
Amounts falling due after more than one
year

8

(13,759

)

(24,063

)

Provisions for liabilities (23,951 ) (12,609 )
Net assets 1,408,255 1,141,844

Capital and reserves
Called up share capital 100 100
Retained earnings 1,408,155 1,141,744
1,408,255 1,141,844

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 December 2023.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 December 2023 in accordance with Section 476 of the Companies Act 2006.

The director acknowledges his 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.

Walther Strong & Company Limited (Registered number: 08854650)

Statement of Financial Position - continued
31 December 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 Income statement has not been delivered.

The financial statements were approved by the director and authorised for issue on 6 September 2024 and were signed by:





F Dunn - Director


Walther Strong & Company Limited (Registered number: 08854650)

Notes to the Financial Statements
for the Year Ended 31 December 2023


1. Statutory information

Walther Strong & Company 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.

The presentation currency of the financial statements is the Pound Sterling (£).


2. Statement of compliance

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.

3. Accounting policies

Basis of preparing the financial statements
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.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Improvements to property - 10% on reducing balance
Plant and machinery - 25% on reducing balance
Fixtures and fittings - 25% on reducing balance
Motor vehicles - 25% on reducing balance
Office equipment - 33% on a straight line basis and 25% on reducing balance

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 Income Statement, 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 statement of financial position date.

Deferred tax
Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the statement of financial position 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.

Walther Strong & Company Limited (Registered number: 08854650)

Notes to the Financial Statements - continued
for the Year Ended 31 December 2023


3. Accounting policies - continued

Hire purchase and leasing commitments
Rentals paid under operating leases are charged to profit or loss on a straight line basis over the period of the lease.

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.

4. Employees and directors

The average number of employees during the year was 9 (2022 - 7 ) .

5. Tangible fixed assets
Improvements Fixtures
to Plant and and
property machinery fittings
£    £    £   
Cost
At 1 January 2023 - 50,809 10,494
Additions 6,232 27,804 12,439
Disposals - - -
At 31 December 2023 6,232 78,613 22,933
Depreciation
At 1 January 2023 - 14,906 6,134
Charge for year 323 11,243 1,549
Eliminated on disposal - - -
At 31 December 2023 323 26,149 7,683
Net book value
At 31 December 2023 5,909 52,464 15,250
At 31 December 2022 - 35,903 4,360

Walther Strong & Company Limited (Registered number: 08854650)

Notes to the Financial Statements - continued
for the Year Ended 31 December 2023


5. Tangible fixed assets - continued

Motor Office
vehicles equipment Totals
£    £    £   
Cost
At 1 January 2023 30,527 22,785 114,615
Additions 13,269 16,666 76,410
Disposals (16,777 ) - (16,777 )
At 31 December 2023 27,019 39,451 174,248
Depreciation
At 1 January 2023 13,356 14,961 49,357
Charge for year 5,366 5,854 24,335
Eliminated on disposal (8,510 ) - (8,510 )
At 31 December 2023 10,212 20,815 65,182
Net book value
At 31 December 2023 16,807 18,636 109,066
At 31 December 2022 17,171 7,824 65,258

6. Debtors: amounts falling due within one year
2023 2022
£    £   
Trade debtors 428,227 409,062
Amounts owed by participating interests 61,195 11,558
Amounts owed by associates 980 980
Other debtors 103,336 44,381
593,738 465,981

7. Creditors: amounts falling due within one year
2023 2022
£    £   
Bank loans and overdrafts 10,408 10,162
Trade creditors 325,521 168,259
Taxation and social security 210,290 180,235
Other creditors 24,250 56,330
570,469 414,986

8. Creditors: amounts falling due after more than one year
2023 2022
£    £   
Bank loans 13,759 24,063

Walther Strong & Company Limited (Registered number: 08854650)

Notes to the Financial Statements - continued
for the Year Ended 31 December 2023


9. Leasing agreements

Minimum lease payments under non-cancellable operating leases fall due as follows:
2023 2022
£    £   
Within one year 15,557 -
Between one and five years 37,596 -
53,153 -