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REGISTERED NUMBER: 04670045 (England and Wales)















WALKER PLANT SERVICES LIMITED

UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 MARCH 2024






WALKER PLANT SERVICES LIMITED (REGISTERED NUMBER: 04670045)






CONTENTS OF THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2024




Page

Company Information 1

Statement of Financial Position 2 to 3

Notes to the Financial Statements 4 to 6


WALKER PLANT SERVICES LIMITED

COMPANY INFORMATION
FOR THE YEAR ENDED 31 MARCH 2024







DIRECTORS: J M Walker
N J Walker





SECRETARY: J M Walker





REGISTERED OFFICE: Whinleys Farm
Leverton Road
Retford
Nottinghamshire
DN22 0DZ





REGISTERED NUMBER: 04670045 (England and Wales)





ACCOUNTANTS: Duncan & Toplis Limited
14 London Road
Newark
Nottinghamshire
NG24 1TW

WALKER PLANT SERVICES LIMITED (REGISTERED NUMBER: 04670045)

STATEMENT OF FINANCIAL POSITION
31 MARCH 2024

2024 2023
Notes £    £    £    £   
FIXED ASSETS
Intangible assets 4 - -
Property, plant and equipment 5 653,915 640,494
653,915 640,494

CURRENT ASSETS
Inventories 549,398 416,164
Debtors 6 234,777 261,576
Cash at bank and in hand 1,313,948 1,210,056
2,098,123 1,887,796
CREDITORS
Amounts falling due within one year 7 506,632 361,704
NET CURRENT ASSETS 1,591,491 1,526,092
TOTAL ASSETS LESS CURRENT LIABILITIES 2,245,406 2,166,586

CREDITORS
Amounts falling due after more than one year 8 - (100,000 )

PROVISIONS FOR LIABILITIES (163,479 ) (160,123 )
NET ASSETS 2,081,927 1,906,463

CAPITAL AND RESERVES
Called up share capital 9 2 2
Retained earnings 2,081,925 1,906,461
SHAREHOLDERS' FUNDS 2,081,927 1,906,463

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 March 2024.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 March 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.

WALKER PLANT SERVICES LIMITED (REGISTERED NUMBER: 04670045)

STATEMENT OF FINANCIAL POSITION - continued
31 MARCH 2024


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 Board of Directors and authorised for issue on 20 September 2024 and were signed on its behalf by:




J M Walker - Director



N J Walker - Director


WALKER PLANT SERVICES LIMITED (REGISTERED NUMBER: 04670045)

NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2024

1. STATUTORY INFORMATION

Walker Plant Services 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.

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.

Revenue
Revenue is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes.

Intangible assets
Intangible assets are initially measured at cost. After initial recognition, intangible assets are measured at cost less any accumulated amortisation and any accumulated impairment losses.

Property, plant and equipment
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Plant and machinery etc - 20% on reducing balance, 15% on reducing balance and at variable rates on reducing balance

Tangible fixed assets are stated at cost (or deemed cost) or valuation less accumulated depreciation and accumulated impairment losses. Cost includes costs directly attributable to making the asset capable of operating as intended.

Inventories
Inventories are valued at the lower of cost and fair value less costs to complete and sell, 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.

Foreign currencies
Assets and liabilities in foreign currencies are translated into sterling at the rates of exchange ruling at the statement of financial position date. Transactions in foreign currencies are translated into sterling at the rate of exchange ruling at the date of transaction. Exchange differences are taken into account in arriving at the operating result.

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 11 (2023 - 12 ) .

WALKER PLANT SERVICES LIMITED (REGISTERED NUMBER: 04670045)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 MARCH 2024

4. INTANGIBLE FIXED ASSETS
Goodwill
£   
COST
At 1 April 2023
and 31 March 2024 165,000
AMORTISATION
At 1 April 2023
and 31 March 2024 165,000
NET BOOK VALUE
At 31 March 2024 -
At 31 March 2023 -

5. PROPERTY, PLANT AND EQUIPMENT
Fixtures
Contracting Plant and and Motor
plant machinery fittings vehicles Totals
£    £    £    £    £   
COST
At 1 April 2023 924,811 140,275 54,753 228,564 1,348,403
Additions 122,313 - 610 - 122,923
Disposals - (7,013 ) - - (7,013 )
At 31 March 2024 1,047,124 133,262 55,363 228,564 1,464,313
DEPRECIATION
At 1 April 2023 407,670 114,600 49,163 136,476 707,909
Charge for year 84,493 5,133 1,137 18,739 109,502
Eliminated on disposal - (7,013 ) - - (7,013 )
At 31 March 2024 492,163 112,720 50,300 155,215 810,398
NET BOOK VALUE
At 31 March 2024 554,961 20,542 5,063 73,349 653,915
At 31 March 2023 517,141 25,675 5,590 92,088 640,494

6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Trade debtors 198,177 227,262
Other debtors 36,600 34,314
234,777 261,576

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Trade creditors 91,684 77,032
Taxation and social security 189,661 128,964
Other creditors 225,287 155,708
506,632 361,704

WALKER PLANT SERVICES LIMITED (REGISTERED NUMBER: 04670045)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 MARCH 2024

8. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR
2024 2023
£    £   
Other creditors - 100,000

9. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 2024 2023
value: £    £   
2 Ordinary £1 2 2

10. DIRECTORS' ADVANCES, CREDITS AND GUARANTEES

The following advances and credits to a director subsisted during the years ended 31 March 2024 and 31 March 2023:

2024 2023
£    £   
J M Walker
Balance outstanding at start of year - -
Amounts advanced 82 -
Amounts repaid - -
Amounts written off - -
Amounts waived - -
Balance outstanding at end of year 82 -