Registered number
11780550
Walker James Consulting Ltd
Filleted Accounts
31 January 2024
Walker James Consulting Ltd
Registered number: 11780550
Balance Sheet
as at 31 January 2024
Notes 2024 2023
£ £
Fixed assets
Tangible assets 3 66,686 81,959
66,686 81,959
Current assets
Debtors 4 205,744 174,547
Cash at bank and in hand 51,339 129,538
257,083 304,085
Creditors: amounts falling due within one year 5 (136,834) (137,153)
Net current assets 120,249 166,932
Total assets less current liabilities 186,935 248,891
Creditors: amounts falling due after more than one year 6 (44,549) (59,398)
Net assets 142,386 189,493
Capital and reserves
Called up share capital 100 100
Profit and loss account 142,286 189,393
Shareholders' funds 142,386 189,493
The directors are satisfied that the company is entitled to exemption from the requirement to obtain an audit under section 477 of the Companies Act 2006.
The members have not required the company to obtain an audit in accordance with section 476 of the Act.
The directors acknowledge their responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of accounts.
The accounts have been prepared and delivered in accordance with the special provisions applicable to companies subject to the small companies regime. The profit and loss account has not been delivered to the Registrar of Companies.
J.M. Free
Director
Approved by the board on 26 April 2024
Walker James Consulting Ltd
Notes to the Accounts
for the year ended 31 January 2024
1 Accounting policies
Basis of preparation
The accounts have been prepared under the historical cost convention and in accordance with FRS 102, The Financial Reporting Standard applicable in the UK and Republic of Ireland (as applied to small entities by section 1A of the standard).
Turnover
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. Turnover from the rendering of services is recognised by reference to the stage of completion of the contract. The stage of completion of a contract is measured by comparing the costs incurred for work performed to date to the total estimated contract costs.
Intangible fixed assets
Intangible fixed assets are measured at cost less accumulative amortisation and any accumulative impairment losses.
Tangible fixed assets
Tangible fixed assets are measured at cost less accumulative depreciation and any accumulative impairment losses. Depreciation is provided on all tangible fixed assets, other than freehold land, at rates calculated to write off the cost, less estimated residual value, of each asset evenly over its expected useful life, as follows:
Office equipment over 4 years
Motor vehicles 25% reducing balance
Debtors
Short term debtors are measured at transaction price (which is usually the invoice price), less any impairment losses for bad and doubtful debts. Loans and other financial assets are initially recognised at transaction price including any transaction costs and subsequently measured at amortised cost determined using the effective interest method, less any impairment losses for bad and doubtful debts.
Creditors
Short term creditors are measured at transaction price (which is usually the invoice price). Loans and other financial liabilities are initially recognised at transaction price net of any transaction costs and subsequently measured at amortised cost determined using the effective interest method.
Taxation
A current tax liability is recognised for the tax payable on the taxable profit of the current and past periods. A current tax asset is recognised in respect of a tax loss that can be carried back to recover tax paid in a previous period. 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, except for revalued land and investment property where the tax rate that applies to the sale of the asset is used. Current and deferred tax assets and liabilities are not discounted.
Provisions
Provisions (ie liabilities of uncertain timing or amount) are recognised when there is an obligation at the reporting date as a result of a past event, it is probable that economic benefit will be transferred to settle the obligation and the amount of the obligation can be estimated reliably.
Pensions
Contributions to defined contribution plans are expensed in the period to which they relate.
2 Employees 2024 2023
Number Number
Average number of persons employed by the company 8 5
3 Tangible fixed assets
Office equipment Motor vehicles Total
£ £ £
Cost
At 1 February 2023 8,031 76,980 85,011
Additions 6,959 - 6,959
At 31 January 2024 14,990 76,980 91,970
Depreciation
At 1 February 2023 1,681 1,371 3,052
Charge for the year 3,330 18,902 22,232
At 31 January 2024 5,011 20,273 25,284
Net book value
At 31 January 2024 9,979 56,707 66,686
At 31 January 2023 6,350 75,609 81,959
4 Debtors 2024 2023
£ £
Trade debtors 205,744 174,547
205,744 174,547
Amounts due after more than one year included above - -
5 Creditors: amounts falling due within one year 2024 2023
£ £
Non-equity preference shares 652 255
Obligations under finance lease and hire purchase contracts 14,850 14,850
Trade creditors 2,665 2,173
Taxation and social security costs 117,572 119,212
Other creditors 1,095 663
136,834 137,153
6 Creditors: amounts falling due after one year 2024 2023
£ £
Obligations under finance lease and hire purchase contracts 44,549 59,398
44,549 59,398
7 Controlling party
The ultimate controlling parties are J.M. Free and L.M. Free who are both directors and joint shareholders.
8 Other information
Walker James Consulting Ltd is a private company limited by shares and incorporated in England. Its registered office is:
37 The Lindens
Loughton
Essex
IG10 3HS
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