Registered number
14228288
Walton Wagner Build Limited
Unaudited Filleted Accounts
31 July 2024
Walton Wagner Build Limited
Registered number: 14228288
Balance Sheet
as at 31 July 2024
Notes 2024 2023
£ £
Fixed assets
Tangible assets 3 14,852 948
Current assets
Debtors 4 120,942 50,009
Cash at bank and in hand 417,070 537,270
538,012 587,279
Creditors: amounts falling due within one year 5 (266,306) (444,213)
Net current assets 271,706 143,066
Total assets less current liabilities 286,558 144,014
Provisions for liabilities (3,713) (237)
Net assets 282,845 143,777
Capital and reserves
Called up share capital 3 3
Profit and loss account 282,842 143,774
Shareholders' funds 282,845 143,777
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.
Mrs J Perkins
Director
Approved by the board on 10 October 2024
Walton Wagner Build Limited
Notes to the Accounts
for the year ended 31 July 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.
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:
Fixtures, fittings, tools and equipment over 4 years
Motor vehicles 25% on cost
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. Current and deferred tax assets and liabilities are not discounted.
Comparative figures
The comparative figures cover the period 12 July 2022 to 31 July 2023.
2 Employees 2024 2023
Number Number
Average number of persons employed by the company 3 3
3 Tangible fixed assets
Plant and machinery etc Motor vehicles Total
£ £ £
Cost
At 1 August 2023 1,219 - 1,219
Additions - 16,635 16,635
At 31 July 2024 1,219 16,635 17,854
Depreciation
At 1 August 2023 271 - 271
Charge for the year 305 2,426 2,731
At 31 July 2024 576 2,426 3,002
Net book value
At 31 July 2024 643 14,209 14,852
At 31 July 2023 948 - 948
4 Debtors 2024 2023
£ £
Trade debtors 120,418 49,891
Other debtors 524 118
120,942 50,009
5 Creditors: amounts falling due within one year 2024 2023
£ £
Trade creditors 195,324 291,547
Taxation and social security costs 59,996 146,067
Other creditors 10,986 6,599
266,306 444,213
6 Other information
Walton Wagner Build Limited is a private company limited by shares and incorporated in England. Its registered office is:
Portland House
21 Narborough Road
Cosby
Leicester
LE9 1TA
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