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REGISTERED NUMBER: 12487457 (England and Wales)















Unaudited Financial Statements

for the Year Ended

29 February 2024

for

Walton Law Ltd

Walton Law Ltd (Registered number: 12487457)

Contents of the Financial Statements
for the Year Ended 29 February 2024










Page

Company Information 1

Chartered Accountants' Report 2

Balance Sheet 3

Notes to the Financial Statements 5


Walton Law Ltd

Company Information
for the Year Ended 29 February 2024







DIRECTOR: Ms S Gunton





REGISTERED OFFICE: Charnwood House
Harcourt Way
Meridian Business Park
Leicester
Leicestershire
LE19 1WP





REGISTERED NUMBER: 12487457 (England and Wales)





ACCOUNTANTS: The Rowleys Partnership Ltd
Chartered Accountants
Charnwood House
Harcourt Way
Meridian Business Park
Leicester
Leicestershire
LE19 1WP

Chartered Accountants' Report to the Director
on the Unaudited Financial Statements of
Walton Law Ltd


The following reproduces the text of the report prepared for the director in respect of the company's annual unaudited financial statements. In accordance with the Companies Act 2006, the company is only required to file a Balance Sheet. Readers are cautioned that the Income Statement and certain other primary statements and the Report of the Director are not required to be filed with the Registrar of Companies.

In order to assist you to fulfil your duties under the Companies Act 2006, we have prepared for your approval the financial statements of Walton Law Ltd for the year ended 29 February 2024 which comprise the Income Statement, Balance Sheet and the related notes from the company's accounting records and from information and explanations you have given us.

As a practising member firm of the Institute of Chartered Accountants in England and Wales (ICAEW), we are subject to its ethical and other professional requirements which are detailed within the ICAEW's regulations and guidance at http://www.icaew.com/en/membership/regulations-standards-and-guidance.

This report is made solely to the director of Walton Law Ltd in accordance with our terms of engagement. Our work has been undertaken solely to prepare for your approval the financial statements of Walton Law Ltd and state those matters that we have agreed to state to the director of Walton Law Ltd in this report in accordance with ICAEW Technical Release 07/16AAF. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than Walton Law Ltd and its director for our work or for this report.

It is your duty to ensure that Walton Law Ltd has kept adequate accounting records and to prepare statutory financial statements that give a true and fair view of the assets, liabilities, financial position and profit of Walton Law Ltd. You consider that Walton Law Ltd is exempt from the statutory audit requirement for the year.

We have not been instructed to carry out an audit or a review of the financial statements of Walton Law Ltd. For this reason, we have not verified the accuracy or completeness of the accounting records or information and explanations you have given to us and we do not, therefore, express any opinion on the statutory financial statements.






The Rowleys Partnership Ltd
Chartered Accountants
Charnwood House
Harcourt Way
Meridian Business Park
Leicester
Leicestershire
LE19 1WP


26 November 2024

Walton Law Ltd (Registered number: 12487457)

Balance Sheet
29 February 2024

29.2.24 28.2.23
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 1,392 1,560

CURRENT ASSETS
Debtors 5 325,185 346,116
Cash at bank 141,086 141,007
466,271 487,123
CREDITORS
Amounts falling due within one year 6 49,850 108,775
NET CURRENT ASSETS 416,421 378,348
TOTAL ASSETS LESS CURRENT
LIABILITIES

417,813

379,908

PROVISIONS FOR LIABILITIES 347 389
NET ASSETS 417,466 379,519

CAPITAL AND RESERVES
Called up share capital 7 100 100
Retained earnings 417,366 379,419
SHAREHOLDERS' FUNDS 417,466 379,519

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 29 February 2024.

The members have not required the company to obtain an audit of its financial statements for the year ended 29 February 2024 in accordance with Section 476 of the Companies Act 2006.

The director acknowledges her 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.

Walton Law Ltd (Registered number: 12487457)

Balance Sheet - continued
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 Income Statement has not been delivered.

The financial statements were approved by the director and authorised for issue on 26 November 2024 and were signed by:





Ms S Gunton - Director


Walton Law Ltd (Registered number: 12487457)

Notes to the Financial Statements
for the Year Ended 29 February 2024


1. STATUTORY INFORMATION

Walton Law Ltd 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.

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 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.
Fixtures and fittings - 10% on cost
Computer equipment - 25% on cost

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

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 1 (2023 - 1 ) .

Walton Law Ltd (Registered number: 12487457)

Notes to the Financial Statements - continued
for the Year Ended 29 February 2024


4. TANGIBLE FIXED ASSETS
Fixtures
and Computer
fittings equipment Totals
£    £    £   
COST
At 1 March 2023 366 3,834 4,200
Additions - 1,103 1,103
At 29 February 2024 366 4,937 5,303
DEPRECIATION
At 1 March 2023 37 2,603 2,640
Charge for year 37 1,234 1,271
At 29 February 2024 74 3,837 3,911
NET BOOK VALUE
At 29 February 2024 292 1,100 1,392
At 28 February 2023 329 1,231 1,560

5. DEBTORS
29.2.24 28.2.23
£    £   
Amounts falling due within one year:
Trade debtors 68,279 40,259
Other debtors 21,887 280,834
90,166 321,093

Amounts falling due after more than one year:
Other debtors 235,019 25,023

Aggregate amounts 325,185 346,116

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
29.2.24 28.2.23
£    £   
Trade creditors 73 10,010
Taxation and social security 44,852 89,680
Other creditors 4,925 9,085
49,850 108,775

Walton Law Ltd (Registered number: 12487457)

Notes to the Financial Statements - continued
for the Year Ended 29 February 2024


7. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 29.2.24 28.2.23
value: £    £   
50 Ordinary A £1 50 50
50 Ordinary B £1 50 50
100 100

8. DIRECTOR'S ADVANCES, CREDITS AND GUARANTEES

The following advances and credits to a director subsisted during the years ended 29 February 2024 and 28 February 2023:

29.2.24 28.2.23
£    £   
B P Walsh
Balance outstanding at start of year 41,550 3,670
Amounts advanced 28,765 55,748
Amounts repaid (70,315 ) (17,868 )
Amounts written off - -
Amounts waived - -
Balance outstanding at end of year - 41,550

Interest is payable on the balance and is calculated at the official rate of interest.

9. RELATED PARTY DISCLOSURES

In the prior year a loan of £250,000 was made to a supplier of the company. At the year end a balance of £242,596 (2023 - £250,000) remained outstanding and is included within other debtors. Interest is being charged at 2% per annum on the balance of the loan. The loan is repayable on demand. Due to changes to the ownership of the company post year end, the loan is now due to the director of the company.