0 false false false false false false false false false false true false false false false false false No description of principal activity 2022-11-30 Sage Accounts Production Advanced 2023 - FRS102_2023 xbrli:pure xbrli:shares iso4217:GBP 5626998 2022-11-30 2023-11-29 5626998 2023-11-29 5626998 2022-11-29 5626998 2021-12-01 2022-11-29 5626998 2022-11-29 5626998 2021-11-30 5626998 bus:OrdinaryShareClass1 2022-11-30 2023-11-29 5626998 bus:Director1 2022-11-30 2023-11-29 5626998 core:WithinOneYear 2023-11-29 5626998 core:WithinOneYear 2022-11-29 5626998 core:UKTax 2021-12-01 2022-11-29 5626998 core:ShareCapital 2023-11-29 5626998 core:ShareCapital 2022-11-29 5626998 core:RetainedEarningsAccumulatedLosses 2023-11-29 5626998 core:RetainedEarningsAccumulatedLosses 2022-11-29 5626998 bus:SmallEntities 2022-11-30 2023-11-29 5626998 bus:AuditExemptWithAccountantsReport 2022-11-30 2023-11-29 5626998 bus:SmallCompaniesRegimeForAccounts 2022-11-30 2023-11-29 5626998 bus:PrivateLimitedCompanyLtd 2022-11-30 2023-11-29 5626998 bus:FullAccounts 2022-11-30 2023-11-29 5626998 bus:OrdinaryShareClass1 2023-11-29 5626998 bus:OrdinaryShareClass1 2022-11-29
COMPANY REGISTRATION NUMBER: 5626998
Walters Fire and Security Consultants Limited
Filleted Unaudited Financial Statements
29 November 2023
Walters Fire and Security Consultants Limited
Financial Statements
Year ended 29 November 2023
Contents
Pages
Statement of financial position
1
Notes to the financial statements
2 to 4
Walters Fire and Security Consultants Limited
Statement of Financial Position
29 November 2023
2023
2022
Note
£
£
Current assets
Debtors
5
139
Investments
6
2,070,255
2,030,456
Cash at bank and in hand
197,301
243,055
------------
------------
2,267,695
2,273,511
Creditors: amounts falling due within one year
7
( 1,652,898)
( 1,646,500)
------------
------------
Net current assets
614,797
627,011
---------
---------
Total assets less current liabilities
614,797
627,011
---------
---------
Capital and reserves
Called up share capital
8
1
1
Profit and loss account
614,796
627,010
---------
---------
Shareholders funds
614,797
627,011
---------
---------
These financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies' regime and in accordance with Section 1A of FRS 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland'.
In accordance with section 444 of the Companies Act 2006, the statement of income and retained earnings has not been delivered.
For the year ending 29 November 2023 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.
Director's responsibilities:
- The members have not required the company to obtain an audit of its financial statements for the year in question in accordance with section 476 ;
- The director acknowledges his responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of financial statements .
These financial statements were approved by the board of directors and authorised for issue on 25 September 2024 , and are signed on behalf of the board by:
Mr DSH Walters
Director
Company registration number: 5626998
Walters Fire and Security Consultants Limited
Notes to the Financial Statements
Year ended 29 November 2023
1. General information
The company is a private company limited by shares, registered in England and Wales. The address of the registered office is Hamilton House, Hamilton Terrace, Milford Haven, Pembrokeshire, SA73 3JP.
2. Statement of compliance
These financial statements have been prepared in accordance with Section 1A of FRS 102, 'The Financial Reporting Standard applicable in the UK and the Republic of Ireland' and the Companies Act 2006.
3. Accounting policies
Basis of preparation
The financial statements have been prepared on the historical cost basis, as modified by the revaluation of certain financial assets and liabilities and investment properties measured at fair value through profit or loss.
The financial statements are prepared in sterling, which is the functional currency of the entity.
Going concern
The director has a reasonable expectation that the company has adequate resources to continue operational existence for the foreseeable future. For this reason, the director continues to adopt the going concern basis of accounting in preparing the annual financial statements.
Revenue recognition
Turnover is measured at the fair value of the consideration received or receivable for goods supplied and services rendered, net of discounts and Value Added Tax. Revenue from the sale of goods is recognised when the significant risks and rewards of ownership have transferred to the buyer (usually on despatch of the goods); the amount of revenue can be measured reliably; it is probable that the associated economic benefits will flow to the entity; and the costs incurred or to be incurred in respect of the transactions can be measured reliably.
Taxation
The taxation expense represents the aggregate amount of current and deferred tax recognised in the reporting period. Tax is recognised in profit or loss, except to the extent that it relates to items recognised in other comprehensive income or directly in equity. In this case, tax is recognised in other comprehensive income or directly in equity, respectively. Current tax is recognised on taxable profit for the current and past periods. Current tax is measured at the amounts of tax expected to pay or recover using the tax rates and laws that have been enacted or substantively enacted at the reporting date. Deferred tax is recognised in respect of all timing differences at the reporting date. Unrelieved tax losses and other 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. Deferred tax is measured using the tax rates and laws that have been enacted or substantively enacted by the reporting date that are expected to apply to the reversal of the timing difference.
Financial instruments
A financial asset or a financial liability is recognised only when the entity becomes a party to the contractual provisions of the instrument. Basic financial instruments are initially recognised at the transaction price, unless the arrangement constitutes a financing transaction, where it is recognised at the present value of the future payments discounted at a market rate of interest for a similar debt instrument. Debt instruments are subsequently measured at amortised cost.
4. Tax on (loss)/profit
Major components of tax expense
Period from
Year to
1 Dec 21 to
29 Nov 23
29 Nov 22
£
£
Current tax:
UK current tax expense
45,808
----
--------
Tax on (loss)/profit
45,808
----
--------
5. Debtors
2023
2022
£
£
Other debtors
139
----
----
Other debtors include an amount of £Nil (2022 - £Nil) falling due after more than one year.
6. Investments
2023
2022
£
£
Other investments
2,070,255
2,030,456
------------
------------
7. Creditors: amounts falling due within one year
2023
2022
£
£
Corporation tax
279
45,807
Other creditors
1,652,619
1,600,693
------------
------------
1,652,898
1,646,500
------------
------------
8. Called up share capital
Issued, called up and fully paid
2023
2022
No.
£
No.
£
Ordinary shares of £ 1 each
1
1
1
1
----
----
----
----
9. Related party transactions
The company was under the control of Mr DSH Walters , the managing director, throughout the current and previous year by virtue of his majority shareholding. No transactions with related parties were undertaken such as are required to be disclosed under FRS 102.