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REGISTERED NUMBER: 01397043 (England and Wales)














Unaudited Financial Statements

for the Year Ended 30 April 2024

for

WALTON INDUSTRIAL CONTAINERS LIMITED

WALTON INDUSTRIAL CONTAINERS LIMITED (REGISTERED NUMBER: 01397043)






Contents of the Financial Statements
for the Year Ended 30 April 2024




Page

Company Information 1

Abridged Balance Sheet 2

Notes to the Financial Statements 4

Accountants' Report 6

WALTON INDUSTRIAL CONTAINERS LIMITED

Company Information
for the Year Ended 30 April 2024







Directors: K Jacobs
F Runge
J Skevington





Registered office: St Helens Industrial Estate
Bishop Auckland
Co. Durham
DL14 9AX





Registered number: 01397043 (England and Wales)





Accountants: Mitchell Gordon LLP
43 Coniscliffe Road
Darlington
Co. Durham
DL3 7EH

WALTON INDUSTRIAL CONTAINERS LIMITED (REGISTERED NUMBER: 01397043)

Abridged Balance Sheet
30 April 2024

30/4/24 30/4/23
Notes £    £    £    £   
Fixed assets
Tangible assets 4 659,001 643,289

Current assets
Stocks 128,417 241,192
Debtors 1,650,085 1,790,684
Cash at bank and in hand 57,250 94,867
1,835,752 2,126,743
Creditors
Amounts falling due within one year 497,665 786,461
Net current assets 1,338,087 1,340,282
Total assets less current liabilities 1,997,088 1,983,571

Creditors
Amounts falling due after more than one
year

(37,500

)

(68,146

)

Provisions for liabilities (9,707 ) (11,472 )
Net assets 1,949,881 1,903,953

Capital and reserves
Called up share capital 28,000 28,000
Revaluation reserve 5 433,740 414,108
Retained earnings 1,488,141 1,461,845
1,949,881 1,903,953

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 30 April 2024.

The members have not required the company to obtain an audit of its financial statements for the year ended 30 April 2024 in accordance with Section 476 of the Companies Act 2006.

The directors acknowledge their 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.

WALTON INDUSTRIAL CONTAINERS LIMITED (REGISTERED NUMBER: 01397043)

Abridged Balance Sheet - continued
30 April 2024


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

All the members have consented to the preparation of an abridged Income Statement and an abridged Balance Sheet for the year ended 30 April 2024 in accordance with Section 444(2A) of the Companies Act 2006.

In accordance with Section 444 of the Companies Act 2006, the Income Statement has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 10 September 2024 and were signed on its behalf by:





K Jacobs - Director


WALTON INDUSTRIAL CONTAINERS LIMITED (REGISTERED NUMBER: 01397043)

Notes to the Financial Statements
for the Year Ended 30 April 2024

1. STATUTORY INFORMATION

Walton Industrial Containers 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. ACCOUNTING POLICIES

Basis of preparing the financial statements
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. The financial statements have been prepared under the historical cost convention as modified by the revaluation of certain assets.

The financial statements have been prepared under the going concern basis of accounting.

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.
Freehold property - 2% on cost
Plant and machinery - 15% on reducing balance
Fixtures and fittings - 15% on cost and 15% 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 balance sheet date.

Deferred tax
Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the balance sheet 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.

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.

WALTON INDUSTRIAL CONTAINERS LIMITED (REGISTERED NUMBER: 01397043)

Notes to the Financial Statements - continued
for the Year Ended 30 April 2024

2. ACCOUNTING POLICIES - continued

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.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 19 (2023 - 20 ) .

4. TANGIBLE FIXED ASSETS
Totals
£   
COST OR VALUATION
At 1 May 2023 999,656
Revaluations 25,000
At 30 April 2024 1,024,656
DEPRECIATION
At 1 May 2023 356,367
Charge for year 9,288
At 30 April 2024 365,655
NET BOOK VALUE
At 30 April 2024 659,001
At 30 April 2023 643,289

Cost or valuation at 30 April 2024 is represented by:

Totals
£   
Valuation in 2018 312,986
Valuation in 2024 25,000
Cost 686,670
1,024,656

5. RESERVES
Revaluation
reserve
£   
At 1 May 2023 414,108
Revaluation reserve transfer (5,368 )
Revaluation in the year 25,000

At 30 April 2024 433,740

Accountants' Report to the Board of Directors
on the Unaudited Financial Statements of
Walton Industrial Containers Limited

The following reproduces the text of the report prepared for the directors 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 Balance Sheet. Readers are cautioned that the Abridged Income Statement and certain other primary statements and the Report of the Directors 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 Walton Industrial Containers Limited for the year ended 30 April 2024 which comprise the Abridged Income Statement, Abridged Balance Sheet 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 Association of Chartered Certified Accountants, we are subject to its ethical and other professional requirements which are detailed at http://www.accaglobal.com/rulebook.

This report is made solely to the Board of Directors of Walton Industrial Containers Limited, as a body, in accordance with the terms of our engagement letter dated 8 August 2023. Our work has been undertaken solely to prepare for your approval the financial statements of Walton Industrial Containers Limited and state those matters that we have agreed to state to the Board of Directors of Walton Industrial Containers Limited, as a body, in this report in accordance with the requirements of the Association of Chartered Certified Accountants as detailed at http://www.accaglobal.com/factsheet163. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than the company and its Board of Directors, as a body, for our work or for this report.

It is your duty to ensure that Walton Industrial Containers 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 Walton Industrial Containers Limited. You consider that Walton Industrial Containers 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 Walton Industrial Containers 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.






Mitchell Gordon LLP
43 Coniscliffe Road
Darlington
Co. Durham
DL3 7EH


10 September 2024