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GLOBAL WALKWAY SOLUTIONS LIMITED

UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 JANUARY 2024






GLOBAL WALKWAY SOLUTIONS LIMITED (REGISTERED NUMBER: 05651492)

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










Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


GLOBAL WALKWAY SOLUTIONS LIMITED

COMPANY INFORMATION
FOR THE YEAR ENDED 31 JANUARY 2024







DIRECTORS: I Clegg
A Walker





REGISTERED OFFICE: 44 Commerce Court
Challenge Way
Bradford
West Yorkshire
BD4 8NW





REGISTERED NUMBER: 05651492 (England and Wales)





ACCOUNTANTS: Wilkinson and Partners
Chartered Accountants
Fairfax House
6a Mill Field Road
Cottingley Business Park
Bradford
West Yorkshire
BD16 1PY

GLOBAL WALKWAY SOLUTIONS LIMITED (REGISTERED NUMBER: 05651492)

BALANCE SHEET
31 JANUARY 2024

31.1.24 31.1.23
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 5,743 7,249

CURRENT ASSETS
Stocks 73,015 64,545
Debtors 5 40,633 76,813
Cash at bank and in hand 197,505 151,095
311,153 292,453
CREDITORS
Amounts falling due within one year 6 164,351 166,591
NET CURRENT ASSETS 146,802 125,862
TOTAL ASSETS LESS CURRENT LIABILITIES 152,545 133,111

PROVISIONS FOR LIABILITIES 7 1,337 613
NET ASSETS 151,208 132,498

CAPITAL AND RESERVES
Called up share capital 8 100 100
Retained earnings 151,108 132,398
SHAREHOLDERS' FUNDS 151,208 132,498

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

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

GLOBAL WALKWAY SOLUTIONS LIMITED (REGISTERED NUMBER: 05651492)

BALANCE SHEET - continued
31 JANUARY 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 Statement of Income and Retained Earnings has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 12 March 2024 and were signed on its behalf by:





A Walker - Director


GLOBAL WALKWAY SOLUTIONS LIMITED (REGISTERED NUMBER: 05651492)

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


1. STATUTORY INFORMATION

Global Walkway Solutions 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.

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

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.

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.
Improvements to property - 10% on cost
Plant and machinery - 20% on reducing balance
Fixtures and fittings - 15% on reducing balance
Computer equipment - 33% 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 Statement of Income and Retained Earnings, 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.

GLOBAL WALKWAY SOLUTIONS LIMITED (REGISTERED NUMBER: 05651492)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 JANUARY 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.

Directors report
In accordance with Section 444 of the Companies Act 2006, the Directors Report has not been delivered.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 4 (2023 - 3 ) .

4. TANGIBLE FIXED ASSETS
Improvements Fixtures
to Plant and and Computer
property machinery fittings equipment Totals
£    £    £    £    £   
COST
At 1 February 2023
and 31 January 2024 4,364 2,237 2,386 13,550 22,537
DEPRECIATION
At 1 February 2023 436 1,538 1,508 11,806 15,288
Charge for year 437 140 131 798 1,506
At 31 January 2024 873 1,678 1,639 12,604 16,794
NET BOOK VALUE
At 31 January 2024 3,491 559 747 946 5,743
At 31 January 2023 3,928 699 878 1,744 7,249

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.1.24 31.1.23
£    £   
Trade debtors 39,487 75,757
Prepayments 1,146 1,056
40,633 76,813

GLOBAL WALKWAY SOLUTIONS LIMITED (REGISTERED NUMBER: 05651492)

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


6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.1.24 31.1.23
£    £   
Trade creditors 112,067 113,504
Tax 38,330 33,110
Social security and other taxes 464 419
VAT 8,499 15,683
Directors' current accounts 2,734 1,715
Accrued expenses 2,257 2,160
164,351 166,591

Loans from directors are interest free and repayable on demand.

7. PROVISIONS FOR LIABILITIES
31.1.24 31.1.23
£    £   
Deferred tax 1,337 613

Deferred
tax
£   
Balance at 1 February 2023 613
Accelerated capital allowances 724
Balance at 31 January 2024 1,337

The entire provision of deferred tax is relating to accelerated capital allowances.

8. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 31.1.24 31.1.23
value: £    £   
100 Ordinary 1 100 100

9. ULTIMATE CONTROLLING PARTY

The directors have ultimate control of the company due to their ownership of the issued share capital.