Company Registration No. 13926793 (England and Wales)
A&L Walling Limited
Unaudited accounts
for the year ended 29 February 2024
A&L Walling Limited
Unaudited accounts
Contents
A&L Walling Limited
Company Information
for the year ended 29 February 2024
Directors
Andrew Walling
Lisa Walling
Company Number
13926793 (England and Wales)
Registered Office
HALLIDAYS FARM MOSS LANE
BILSBORROW
PRESTON
PR3 0RU
ENGLAND
Accountants
Walling Accountants
Unit 1B Hallidays Farm
Bilsborrow
Preston
PR3 0RU
A&L Walling Limited
Statement of financial position
as at 29 February 2024
Tangible assets
46,330
55,950
Cash at bank and in hand
383
6,909
Creditors: amounts falling due within one year
(64,033)
(45,727)
Net current liabilities
(58,915)
(38,111)
Total assets less current liabilities
(12,585)
17,839
Creditors: amounts falling due after more than one year
(3,816)
(11,501)
Net (liabilities)/assets
(16,401)
6,338
Called up share capital
2
2
Profit and loss account
(16,403)
6,336
Shareholders' funds
(16,401)
6,338
For the year ending 29 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 in accordance with section 476 of the Companies Act 2006.
The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.
These accounts have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies' regime and in accordance with the provisions of FRS 102 Section 1A - Small Entities. The profit and loss account has not been delivered to the Registrar of Companies.
The financial statements were approved by the Board of Directors and authorised for issue on 29 November 2024 and were signed on its behalf by
Andrew Walling
Director
Company Registration No. 13926793
A&L Walling Limited
Notes to the Accounts
for the year ended 29 February 2024
A&L Walling Limited is a private company, limited by shares, registered in England and Wales, registration number 13926793. The registered office is HALLIDAYS FARM MOSS LANE, BILSBORROW, PRESTON, PR3 0RU, ENGLAND.
2
Compliance with accounting standards
The accounts have been prepared in accordance with the provisions of FRS 102 Section 1A Small Entities. There were no material departures from that standard.
The principal accounting policies adopted in the preparation of the financial statements are set out below and have remained unchanged from the previous year, and also have been consistently applied within the same accounts.
The accounts have been prepared under the historical cost convention as modified by the revaluation of certain fixed assets.
The accounts are presented in £ sterling.
Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes. Turnover from the sale of goods is recognised when goods have been delivered to customers such that risks and rewards of ownership have transferred to them. 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 and depreciation
Tangible assets are included at cost less depreciation and impairment. Depreciation has been provided at the following rates in order to write off the assets over their estimated useful lives:
Land & buildings
5% on cost
Plant & machinery
25% reducing balance
Motor vehicles
25% reducing balance
Fixtures & fittings
25% reducing balance
Deferred tax arises as a result of including items of income and expenditure in taxation computations in periods different from those in which they are included in the company's accounts. Deferred tax is provided in full on timing differences which result in an obligation to pay more (or less) tax at a future date, at the average tax rates that are expected to apply when the timing differences reverse, based on current tax rates and laws.
Deferred tax assets and liabilities are not discounted.
Government grants in relation to tangible fixed assets are credited to profit and loss account over the useful lives of the related assets, whereas those in relation to expenditure are credited when the expenditure is charged to profit and loss.
Basic financial instruments are recognised at amortised cost, except for investments in non-convertible preference and non-puttable ordinary shares which are measured at fair value, with changes recognised in profit or loss. Derivative financial instruments are initially recorded at cost and thereafter at fair value with changes recognised in profit or loss.
A&L Walling Limited
Notes to the Accounts
for the year ended 29 February 2024
4
Tangible fixed assets
Land & buildings
Plant & machinery
Motor vehicles
Fixtures & fittings
Total
Cost or valuation
At cost
At cost
At cost
At cost
At 1 March 2023
15,594
35,311
15,378
1,350
67,633
At 29 February 2024
15,594
35,311
15,378
1,350
67,633
At 1 March 2023
862
6,637
3,845
339
11,683
Charge for the year
862
5,622
2,883
253
9,620
At 29 February 2024
1,724
12,259
6,728
592
21,303
At 29 February 2024
13,870
23,052
8,650
758
46,330
At 28 February 2023
14,732
28,674
11,533
1,011
55,950
Amounts falling due within one year
6
Creditors: amounts falling due within one year
2024
2023
Bank loans and overdrafts
7,685
9,429
Amounts owed to group undertakings and other participating interests
15,532
5,499
Taxes and social security
-
1,524
Loans from directors
12,324
918
7
Creditors: amounts falling due after more than one year
2024
2023
8
Average number of employees
During the year the average number of employees was 0 (2023: 0).