Company registration number: 11810900
Unaudited financial statements
for the period ended 29 February 2024
for
Walter Leisure Ltd
Pages for filing with the Registrar
Company registration number: 11810900
Walter Leisure Ltd
Balance sheet
as at 29 February 2024
29 Feb 24 28 Feb 23
Note £ £ £ £
Fixed assets
Tangible assets 4 36,550 45,409
36,550 45,409
Current assets
Debtors 50,223 21,484
Cash at bank and in hand 23,939 57,348
74,162 78,832
Creditors: amounts falling due within
one year
(104,054) (95,686)
Net current liabilities (29,892) (16,854)
Total assets less current liabilities 6,658 28,555
Creditors: Amounts falling due after
more than one year
5 (29,724) (36,896)
NET LIABILITIES (23,066) (8,341)
Capital and reserves
Called up share capital 100 100
Profit and loss account (23,166) (8,441)
TOTAL EQUITY (23,066) (8,341)
The company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies for the period ended 29 February 2024.
The members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.
The director acknowledges their responsibilities to comply with the Companies Act 2006 in respect to accounting records and the preparation of financial statements.
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Company registration number: 11810900
Walter Leisure Ltd
Balance sheet - continued
as at 29 February 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 Profit and loss account has not been delivered to the Registrar.
Signed by:
Mr K Dickson, Director
24 November 2024
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Walter Leisure Ltd
Notes to the financial statements
for the period ended 29 February 2024
1 Company information
Walter Leisure Ltd is a private company registered in England and Wales. Its registered number is 11810900. The company is limited by shares. Its registered office is Unit 23, The Old Malthouse, Grantham, Lincolnshire, NG31 7BG.
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 historic cost convention.
Going concern
In preparing these financial statements, the director has assessed whether there are any material uncertainties related to events or conditions that cast significant doubt upon the company's ability to continue as a going concern. In making this assessment, the director takes into account all available information about the future which is at least 12 months from the date that the financial statements are authorised for issue.
The director considers that the company has adequate resources to continue in business for the foreseeable future and that it is appropriate to adopt the going concern basis in preparing the financial statements.
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 or, if held under a finance lease, over the lease term, whichever is the shorter.
Plant and machinery etc.:
Plant and machinery - 15% straight line
Fixtures & fittings - 15% straight line
Retirement benefits
The company operates a defined contribution pension scheme. Contributions payable to the company's pension scheme are charged to profit and loss in the period to which they relate.
3 Average number of employees
During the period the average number of employees was 10 (2023 - 13).
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Walter Leisure Ltd
Notes to the financial statements - continued
for the period ended 29 February 2024
4 Tangible fixed assets
Plant and
machinery
etc.
£
Cost
At 6 February 2019 59,592
Additions 94
At 29 February 2024 59,686
Depreciation
At 6 February 2019 14,183
Charge for period 8,953
At 29 February 2024 23,136
Net book value
At 29 February 2024 36,550
At 28 February 2023 45,409
5 Creditors: amounts falling due after more than five years
29 Feb 24 28 Feb 23
£ £
Repayable otherwise than by instalments
Other creditors - 1,763
- 1,763
6 Advances, credit and guarantees granted to the director
The following advances and credits to a director subsisted during the periods ended 29 February 2024 and 28 February 2023.
29 Feb 24 28 Feb 23
£ £
Mr Kerr Walter Dickson
Balance outstanding at start of period 62,581 -
Amounts advanced - 62,581
Balance outstanding at end of period - 62,581
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