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REGISTERED NUMBER: 04151038 (England and Wales)















WALKER TIMBER & FENCING CENTRE LIMITED

UNAUDITED FINANCIAL STATEMENTS FOR THE YEAR ENDED 30 APRIL 2024






WALKER TIMBER & FENCING CENTRE LIMITED (REGISTERED NUMBER: 04151038)

CONTENTS OF THE FINANCIAL STATEMENTS
for the year ended 30 April 2024










Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


WALKER TIMBER & FENCING CENTRE LIMITED

COMPANY INFORMATION
for the year ended 30 April 2024







DIRECTORS: Mrs M J Walker
Mr M S Walker
Mr M J Walker





SECRETARY: Mrs M J Walker





REGISTERED OFFICE: Spinkfield Road
Birkby
Huddersfield
HD2 2AY





REGISTERED NUMBER: 04151038 (England and Wales)





ACCOUNTANTS: SMH Sheards
Chartered Accountants
Vernon House
40 New North Road
Huddersfield
West Yorkshire
HD1 5LS

WALKER TIMBER & FENCING CENTRE LIMITED (REGISTERED NUMBER: 04151038)

BALANCE SHEET
30 April 2024

2024 2023
Notes £    £   
FIXED ASSETS
Intangible assets 4 - -
Tangible assets 5 141,906 116,308
141,906 116,308

CURRENT ASSETS
Stocks 213,902 212,160
Debtors 6 326,200 268,895
Cash at bank and in hand 184,481 191,862
724,583 672,917
CREDITORS
Amounts falling due within one year 7 (300,502 ) (235,247 )
NET CURRENT ASSETS 424,081 437,670
TOTAL ASSETS LESS CURRENT
LIABILITIES

565,987

553,978

CREDITORS
Amounts falling due after more than one year 8 (27,887 ) (23,615 )

PROVISIONS FOR LIABILITIES 10 (30,599 ) (27,884 )
NET ASSETS 507,501 502,479

WALKER TIMBER & FENCING CENTRE LIMITED (REGISTERED NUMBER: 04151038)

BALANCE SHEET - continued
30 April 2024

2024 2023
Notes £    £   
CAPITAL AND RESERVES
Called up share capital 100 100
Capital redemption reserve 10 10
Retained earnings 507,391 502,369
SHAREHOLDERS' FUNDS 507,501 502,479

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 30 April 2024.

The members have not required the company to obtain an audit of its financial statements for the year ended 30 April 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.

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 31 October 2024 and were signed on its behalf by:





Mr M S Walker - Director


WALKER TIMBER & FENCING CENTRE LIMITED (REGISTERED NUMBER: 04151038)

NOTES TO THE FINANCIAL STATEMENTS
for the year ended 30 April 2024


1. STATUTORY INFORMATION

Walker Timber & Fencing Centre 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.

The presentation currency of the financial statements is the Pound Sterling (£).


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 represented by the invoiced sales of products and/or services, excluding VAT, which are recognised when the products and/or services are provided.

Goodwill
Goodwill, being the amount paid in connection with the acquisition of a business in 2001, was amortised evenly over its estimated useful life of six years.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life or, if held under a finance lease, over the lease term, whichever is the shorter.
Plant and machinery - 25% on reducing balance
Fixtures and fittings - 10% on reducing balance
Motor vehicles - 25% 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.

WALKER TIMBER & FENCING CENTRE LIMITED (REGISTERED NUMBER: 04151038)

NOTES TO THE FINANCIAL STATEMENTS - continued
for the year ended 30 April 2024


2. ACCOUNTING POLICIES - continued

Financial instruments
Financial instruments are recognised when the company becomes party to the contractual provisions of the instrument.

Basic financial assets, which include trade and other debtors, amounts owed by group undertakings and cash and bank balances, are initially measured at transaction price including transaction costs.

Financial assets are assessed for indicators of impairment at each balance sheet date, with any impairment losses being recognised in profit or loss. If there is a decrease in the impairment loss arising from an event occurring after the impairment was recognised, the impairment is reversed in profit or loss.

Financial liabilities are classified depending on the substance of the contractual arrangements entered into.

Basic financial liabilities, including trade and other creditors, bank loans, finance leases and accruals, are initially recognised at transaction price.

Financial assets and liabilities are derecognised when the company's contractual obligations are settled, cancelled or they expire.

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 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.

Hire purchase and leasing commitments
Assets obtained under hire purchase contracts or finance leases are capitalised in the balance sheet. Those held under hire purchase contracts are depreciated over their estimated useful lives. Those held under finance leases are depreciated over their estimated useful lives or the lease term, whichever is the shorter.

The interest element of these obligations is charged to profit or loss over the relevant period. The capital element of the future payments is treated as a liability.

Rentals paid under operating leases are charged to profit or loss on a straight line basis over the period of the lease.

WALKER TIMBER & FENCING CENTRE LIMITED (REGISTERED NUMBER: 04151038)

NOTES TO THE FINANCIAL STATEMENTS - continued
for the year ended 30 April 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.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 19 (2023 - 20 ) .

4. INTANGIBLE FIXED ASSETS
Goodwill
£   
COST
At 1 May 2023
and 30 April 2024 60,000
AMORTISATION
At 1 May 2023
and 30 April 2024 60,000
NET BOOK VALUE
At 30 April 2024 -
At 30 April 2023 -

5. TANGIBLE FIXED ASSETS
Plant and
machinery
etc
£   
COST
At 1 May 2023 320,589
Additions 89,068
Disposals (51,233 )
At 30 April 2024 358,424
DEPRECIATION
At 1 May 2023 204,281
Charge for year 45,789
Eliminated on disposal (33,552 )
At 30 April 2024 216,518
NET BOOK VALUE
At 30 April 2024 141,906
At 30 April 2023 116,308

WALKER TIMBER & FENCING CENTRE LIMITED (REGISTERED NUMBER: 04151038)

NOTES TO THE FINANCIAL STATEMENTS - continued
for the year ended 30 April 2024


5. TANGIBLE FIXED ASSETS - continued

Fixed assets, included in the above, which are held under hire purchase contracts are as follows:

Plant and
machinery
etc
£   
COST
At 1 May 2023 46,238
Additions 51,032
Disposals (46,238 )
At 30 April 2024 51,032
DEPRECIATION
At 1 May 2023 26,731
Charge for year 17,169
Eliminated on disposal (31,142 )
At 30 April 2024 12,758
NET BOOK VALUE
At 30 April 2024 38,274
At 30 April 2023 19,507

6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Trade debtors 95,950 38,781
Amounts owed by associates 222,400 222,400
Other debtors 7,850 7,714
326,200 268,895

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Hire purchase contracts 3,599 2,233
Trade creditors 138,184 87,674
Taxation and social security 78,414 65,717
Other creditors 80,305 79,623
300,502 235,247

WALKER TIMBER & FENCING CENTRE LIMITED (REGISTERED NUMBER: 04151038)

NOTES TO THE FINANCIAL STATEMENTS - continued
for the year ended 30 April 2024


8. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
2024 2023
£    £   
Hire purchase contracts 27,887 23,615

9. SECURED DEBTS

The following secured debts are included within creditors:

2024 2023
£    £   
Hire purchase contracts 31,486 25,848

Hire purchase liabilities are secured over the asset to which the agreement relates.

10. PROVISIONS FOR LIABILITIES
2024 2023
£    £   
Deferred tax 30,599 27,884

Deferred
tax
£   
Balance at 1 May 2023 27,884
Charge to Income Statement during year 2,715
Balance at 30 April 2024 30,599

11. RELATED PARTY DISCLOSURES

Creditors includes loans due to directors totalling £73,384 (2023: £73,383). The loans are on an interest free basis.

A loan of £222,400 (2023: £222,400) was owing in the year from Woodside Property Rentals Limited on an interest free basis. Some of the directors and shareholders of Walker Timber and Fencing Centre Limited are also directors and shareholders of Woodside Property Rentals Limited.