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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
Page
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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
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A&L Walling Limited Statement of financial position as at 29 February 2024
2024 
2023 
Notes
£ 
£ 
Fixed assets
Tangible assets
46,330 
55,950 
Current assets
Debtors
4,735 
707 
Cash at bank and in hand
383 
6,909 
5,118 
7,616 
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 
Capital and reserves
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
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A&L Walling Limited Notes to the Accounts for the year ended 29 February 2024
1
Statutory information
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.
3
Accounting policies
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.
Basis of preparation
The accounts have been prepared under the historical cost convention as modified by the revaluation of certain fixed assets.
Presentation currency
The accounts are presented in £ sterling.
Turnover
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 taxation
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
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.
Financial instruments
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.
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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 
Depreciation
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 
Net book value
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 
5
Debtors
2024 
2023 
£ 
£ 
Amounts falling due within one year
VAT
709 
97 
Trade debtors
4,026 
610 
4,735 
707 
6
Creditors: amounts falling due within one year
2024 
2023 
£ 
£ 
Bank loans and overdrafts
7,685 
9,429 
Trade creditors
1,710 
37 
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 
Accruals
26,782 
28,320 
64,033 
45,727 
7
Creditors: amounts falling due after more than one year
2024 
2023 
£ 
£ 
Bank loans
3,816 
11,501 
8
Average number of employees
During the year the average number of employees was 0 (2023: 0).
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