2023-03-012024-02-292024-02-29false06514619WALKERSTONE 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WALKERSTONE LIMITED

Registered Number
06514619
(England and Wales)

Unaudited Financial Statements for the Year ended
29 February 2024

WALKERSTONE LIMITED
Company Information
for the year from 1 March 2023 to 29 February 2024

Directors

WALKER, Maureen Patricia
WALKER, Richard Clive

Company Secretary

WALKER, Maureen Patricia

Registered Address

Sheaves House Birch Close
Boundstone
Farnham
GU10 4TJ

Registered Number

06514619 (England and Wales)
WALKERSTONE LIMITED
Balance Sheet as at
29 February 2024

Notes

2024

2023

£

£

£

£

Fixed assets
Tangible assets4391372
391372
Current assets
Debtors76819,809
Cash at bank and on hand6,19524,590
6,96344,399
Creditors amounts falling due within one year5(3,444)(14,979)
Net current assets (liabilities)3,51929,420
Total assets less current liabilities3,91029,792
Provisions for liabilities6(74)(71)
Net assets3,83629,721
Capital and reserves
Called up share capital100100
Profit and loss account3,73629,621
Shareholders' funds3,83629,721
The financial statements were approved and authorised for issue by the Board of Directors on 16 September 2024, and are signed on its behalf by:
WALKER, Maureen Patricia
Director
Registered Company No. 06514619
WALKERSTONE LIMITED
Notes to the Financial Statements
for the year ended 29 February 2024

1.Accounting policies
Statutory information
The company is a private company limited by shares and registered in England and Wales. The company's registered number and registered office address can be found on the Company Information page.
Statement of compliance
The financial statements have been prepared in accordance with the Companies Act 2006 and FRS 102 The Financial Reporting Standard applicable in the UK and Republic of Ireland including Section 1A Small Entities.
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).
Revenue from sale of goods
Revenue from the sale of goods is recognised when the company has transferred to the buyer the significant risks and rewards of ownership of the goods, usually when goods are delivered and legal title has passed. Providing the amount of revenue can be measured reliably, it is probable that the economic benefits associated with the transaction will flow to the company and the costs incurred or to be incurred in respect of the transition can be measured reliably.
Deferred tax
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, except for revalued land and investment property where the tax rate that applies to the sale of the asset is used. Current and deferred tax assets and liabilities are not discounted.
Intangible assets
Intangible assets are stated at cost less accumulated amortisation and accumulated impairment losses. The assets are reviewed for impairment if the above factors indicate that the carrying amount may be impaired. Amortisation is included in 'administrative expenses' in the profit and loss account.
Tangible fixed assets and depreciation
All fixed assets are initially recorded at cost. Property, plant and equipment is used in the company's principal activity for the production and supply of goods or for administrative purposes and is stated in the balance sheet under the historic cost model. This model requires the assets to be stated at cost less amounts in respect of depreciation and less any accumulated impairment losses. Depreciation is calculated so as to write off the cost of an asset, less its estimated residual value (which is the expected amount that would currently be obtained from disposal of an asset, after deducting the estimated costs of disposal, if the asset were already of the age and in the condition expected at the end of its useful life), over the useful economic life of the respective asset as follows:

Reducing balance (%)
Plant and machinery25
Office Equipment25
2.Average number of employees

20242023
Average number of employees during the year21
3.Intangible assets

Other

Total

££
Cost or valuation
At 01 March 236,3296,329
At 29 February 246,3296,329
Amortisation and impairment
At 01 March 236,3296,329
At 29 February 246,3296,329
Net book value
At 29 February 24--
At 28 February 23--
4.Tangible fixed assets

Plant & machinery

Office Equipment

Total

£££
Cost or valuation
At 01 March 232,6343282,962
Additions-150150
At 29 February 242,6344783,112
Depreciation and impairment
At 01 March 232,4121782,590
Charge for year5675131
At 29 February 242,4682532,721
Net book value
At 29 February 24166225391
At 28 February 23222150372
5.Creditors: amounts due within one year

2024

2023

££
Trade creditors / trade payables55121
Bank borrowings and overdrafts327-
Taxation and social security2,26214,108
Accrued liabilities and deferred income800750
Total3,44414,979
6.Provisions for liabilities

2024

2023

££
Net deferred tax liability (asset)7471
Total7471