WALTER STEWARD LIMITED

Company Registration Number:
06800833 (England and Wales)

Unaudited statutory accounts for the year ended 31 March 2024

Period of accounts

Start date: 01 April 2023

End date: 31 March 2024

WALTER STEWARD LIMITED

Contents of the Financial Statements

for the Period Ended 31 March 2024

Company Information - 3
Balance sheet - 4
Additional notes - 6
Balance sheet notes - 9

WALTER STEWARD LIMITED

Company Information

for the Period Ended 31 March 2024




Director: Scott Cobbold
Joanne Cobbold
Ronald Cobbold
Registered office: 3
Grinstead Gardens
Needham Market
Ipswich
Suffolk
IP6 8EU
Company Registration Number: 06800833 (England and Wales)

WALTER STEWARD LIMITED

Balance sheet

As at 31 March 2024


Notes

2024
£

2023
£
Fixed assets
Tangible assets: 4 25,233 31,914
Total fixed assets: 25,233 31,914
Current assets
Stocks: 1,000 1,000
Debtors: 5 2,152 5,802
Cash at bank and in hand: 15,204 10,740
Total current assets: 18,356 17,542
Prepayments and accrued income: 2,715 2,134
Creditors: amounts falling due within one year: 6 ( 23,557 ) ( 21,372 )
Net current assets (liabilities): ( 2,486 ) ( 1,696 )
Total assets less current liabilities: 22,747 30,218
Creditors: amounts falling due after more than one year: 7 ( 6,247 ) ( 12,013 )
Provision for liabilities: ( 4,131 ) ( 4,945 )
Total net assets (liabilities): 12,369 13,260

The notes form part of these financial statements

WALTER STEWARD LIMITED

Balance sheet continued

As at 31 March 2024


Notes

2024
£

2023
£
Capital and reserves
Called up share capital: 100 100
Profit and loss account: 12,269 13,160
Shareholders funds: 12,369 13,260

For the year ending 31 March 2024 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.

This report was approved by the board of directors on 1 October 2024
And Signed On Behalf Of The Board By:

Name: Joanne Cobbold
Status: Director

The notes form part of these financial statements

WALTER STEWARD LIMITED

Notes to the Financial Statements

for the Period Ended 31 March 2024

  • 1. Accounting policies

    Basis of measurement and preparation

    These financial statements have been prepared in accordance with the provisions of Section 1A (Small Entities) of Financial Reporting Standard 102

    Turnover policy

    Turnover is measured at the fair value of the consideration received or receivable, net of discounts and value added taxes. Turnover includes revenue earned from the sale of goods and from the rendering of services. Turnover from the sale of goods is recognised when the significant risks and rewards of ownership of the goods have transferred to the buyer.

    Tangible fixed assets depreciation policy

    Tangible fixed assets are measured at cost less accumulative depreciation and any accumulative impairment losses. Depreciation is provided on all tangible fixed assets at rates calculated to write of the cost, less estimated residual value, of each asset evenly over its expected useful life as follows:-

    Plant and machinery - 20% reducing balance
    Motor vehicles - 25% reducing balance
    Office equipment - 25% reducing balance

    Other accounting policies

    Stocks. Stock is valued at the lower of cost and estimated selling price (less any associated costs to enable such sales to complete). Deferred tax. Deferred tax is recognised in respect of all timing differences between the recognition of income and expenses in the financial statements and their inclusion in tax assessments. 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. Deferred tax is measured using the tax rates and laws that have been enacted or substantively enacted by the reporting date and that are expected to apply to the reversal of the timing difference. Current deferred tax assets and liabilities are not discounted. Leases policy. Assets held under finance leases which are leases where substantially all the risks and rewards of ownership of the asset have passed to the company, and hire purchase contracts are capitalised in the balance sheet. They are depreciated over the shorter of their useful lives or the term of the lease.

WALTER STEWARD LIMITED

Notes to the Financial Statements

for the Period Ended 31 March 2024

  • 2. Employees


    2024

    2023
    Average number of employees during the period 4 4

WALTER STEWARD LIMITED

Notes to the Financial Statements

for the Period Ended 31 March 2024

  • 3. Off balance sheet disclosure

    No

WALTER STEWARD LIMITED

Notes to the Financial Statements

for the Period Ended 31 March 2024

4. Tangible assets

Plant & machinery Office equipment Motor vehicles Total
Cost £ £ £ £
At 01 April 2023 11,032 4,946 42,257 58,235
Additions 1,154 - - 1,154
Disposals - - - -
Revaluations - - - -
Transfers - - - -
At 31 March 2024 12,186 4,946 42,257 59,389
Depreciation
At 01 April 2023 7,749 3,513 15,059 26,321
Charge for year 678 358 6,799 7,835
On disposals - - - -
Other adjustments - - - -
At 31 March 2024 8,427 3,871 21,858 34,156
Net book value
At 31 March 2024 3,759 1,075 20,399 25,233
At 31 March 2023 3,283 1,433 27,198 31,914

WALTER STEWARD LIMITED

Notes to the Financial Statements

for the Period Ended 31 March 2024

5. Debtors


2024
£

2023
£
Trade debtors 2,152 5,802
Total 2,152 5,802

WALTER STEWARD LIMITED

Notes to the Financial Statements

for the Period Ended 31 March 2024

6.Creditors: amounts falling due within one year note


2024
£

2023
£
Amounts due under finance leases and hire purchase contracts 5,766 8,644
Trade creditors 9,021 8,897
Taxation and social security 8,651 2,970
Other creditors 119 861
Total 23,557 21,372

WALTER STEWARD LIMITED

Notes to the Financial Statements

for the Period Ended 31 March 2024

7.Creditors: amounts falling due after more than one year


2024
£

2023
£
Amounts due under finance leases and hire purchase contracts 6,247 12,013
Total 6,247 12,013