2023-03-01 12454081 2024-02-28 12454081 2023-03-01 2024-02-28 12454081 2023-02-28 12454081 2022-03-01 2023-02-28 12454081 uk-core:WithinOneYear 2023-02-28 12454081 uk-core:WithinOneYear 2024-02-28 12454081 uk-core:ShareCapital 2024-02-28 12454081 uk-core:ShareCapital 2023-02-28 12454081 uk-core:RetainedEarningsAccumulatedLosses 2024-02-28 12454081 uk-core:RetainedEarningsAccumulatedLosses 2023-02-28 12454081 uk-bus:Director1 2023-03-01 2024-02-28 12454081 uk-core:PlantMachinery 2023-03-01 2024-02-28 12454081 uk-core:ComputerEquipment 2023-03-01 2024-02-28 12454081 uk-core:CommercialMotorVehicles 2023-03-01 2024-02-28 12454081 uk-core:ComputerEquipment 2023-02-28 12454081 uk-core:CommercialMotorVehicles 2023-02-28 12454081 uk-core:PlantMachinery 2023-02-28 12454081 uk-core:PlantMachinery 2024-02-28 12454081 uk-core:CommercialMotorVehicles 2024-02-28 12454081 uk-core:ComputerEquipment 2024-02-28 12454081 2 uk-bus:Director1 2023-03-01 2024-02-28 12454081 2 uk-bus:Director1 2023-02-28 12454081 2 uk-bus:Director1 2024-02-28 iso4217:GBP xbrli:pure 12454081 uk-bus:AuditExemptWithAccountantsReport 2023-03-01 2024-02-28 12454081 uk-bus:FRS102 2023-03-01 2024-02-28 12454081 uk-bus:FilletedAccounts 2023-03-01 2024-02-28 12454081 uk-bus:PrivateLimitedCompanyLtd 2023-03-01 2024-02-28
Paul Walton Engineering Ltd
Registered Number:12454081
For the year ended 28 February 2024
England and Wales
Unaudited Financial Statements
2
For the year ended 28 February 2024
Paul Walton Engineering Ltd
Contents Page
1
Statement of Financial Position
2 to 3
Notes to the Financial Statements
3
Registered Number :
12454081
As at 28 February 2024
Paul Walton Engineering Ltd
Statement of Financial Position
£
£
2023
2024
Notes
Fixed assets
Property, plant and equipment
80,880
29,451
2
80,880
29,451
Current assets
Trade and other receivables
262,401
247,038
3
538,873
Cash and cash equivalents
610,144
857,182
801,274
Trade and other payables: amounts falling due within one
year
(127,918)
(106,259)
4
673,356
750,923
Net current assets
Total assets less current liabilities
831,803
702,807
831,803
Net assets
702,807
Capital and reserves
Called up share capital
100
100
Retained earnings
831,703
702,707
831,803
702,807
Shareholders' funds
For the year ended 28 February 2024 the company was entitled to exemption from audit under Section 477 of the Companies Act 2006 relating to small companies.
The members have not required the company to obtain an audit of its financial statements for the year ended 28 February 2024 in accordance with Section 476 of the Companies Act 2006
The directors acknowledge their responsibilities for:a) ensuring that the company keeps proper 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 Section
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.
In accordance with Section 444 of the Companies Act 2006, the Income Statement has not been delivered.
The financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime.
Paul Walton Director
These financial statements were approved and authorised for issue by the Board on 17 June 2024 and were signed by:
The notes form part of these financial statements
1 of 3
4
For the year ended 28 February 2024
Paul Walton Engineering Ltd
Notes to the Financial Statements
Statutory Information
Paul Walton Engineering Ltd is a private limited company, limited by shares, domiciled in England and Wales,
registration number 12454081.
Registered address:
7 Howorth Close
Burnley
BB11 2RA
The presentation currency is £ sterling.
1. Accounting policies
Basis of preparing the financial statements
These financial statements have been prepared in accordance with the provisions of Section 1A of Financial
Reporting Standard 102 ''The Financial Reporting Standard applicable in the UK and Republic of Ireland'' and the
Companies Act 2006. The financial statements have been prepared under the historical costs convention as
modified by the revaluation of certain assets.
Property, plant and equipment
Property, plant and equipment, other than freehold land, are stated at cost or valuation less depreciation and any provision for impairment. Depreciation is provided at rates calculated to write off the cost or valuation of fixed assets, less their estimated residual value, over their expected useful lives on the following basis:
Plant and Machinery
25% Reducing balance
25% Reducing balance
Computer Equipment
25% Reducing balance
Motor Vehicles
2. Property, plant and equipment
Total
Computer
Equipment
Motor Vehicles
Plant and
Machinery
£
£
£
£
Cost or
valuation
At 01 March 2023
59,539
4,013
46,989
8,537
88,510
665
79,988
7,857
Additions
-
(23,990)
-
Disposals
(23,990)
At 28 February 2024
16,394
102,987
4,678
124,059
Provision for depreciation and impairment
At 01 March 2023
30,088
2,271
23,931
3,886
Charge for year
26,960
602
23,231
3,127
(13,869)
-
(13,869)
-
On disposal
At 28 February 2024
43,179
2,873
33,293
7,013
At 28 February 2024
Net book value
9,381
69,694
1,805
80,880
At 28 February 2023
4,651
23,058
1,742
29,451
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5
For the year ended 28 February 2024
Paul Walton Engineering Ltd
Notes to the Financial Statements Continued
3. Trade and other receivables
2023
2024
£
£
Trade debtors
108,285
85,914
Other debtors
138,753
176,487
262,401
247,038
4. Trade and other payables: amounts falling due within one year
2023
2024
£
£
Trade creditors
6,981
8,767
Taxation and social security
97,328
117,471
Other creditors
1,950
1,680
106,259
127,918
5. Directors advances and guarantees
Loaned
Repaid
Interest
At 01/03/2023
At 28/02/2024
£
£
£
£
£
Paul Walton
current account
175,068
134,692
128,619
175,068
6,073
175,068
134,692
128,619
175,068
6,073
6. Average number of persons employed
During the year the average number of employees was 1 (2023 : 1)
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