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REGISTERED NUMBER: 06574838 (England and Wales)















REPORT OF THE DIRECTORS AND

UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 MARCH 2024

FOR

WALKER THOMPSON LTD

WALKER THOMPSON LTD (REGISTERED NUMBER: 06574838)






CONTENTS OF THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2024




Page

Company Information 1

Report of the Directors 2

Statement of Income and Retained Earnings 3

Balance Sheet 4

Notes to the Financial Statements 6


WALKER THOMPSON LTD

COMPANY INFORMATION
FOR THE YEAR ENDED 31 MARCH 2024







DIRECTORS: S R Williams
K Knowles
C J Irvine





REGISTERED OFFICE: Empress House
43A Binley Road
Coventry
CV3 1HU





REGISTERED NUMBER: 06574838 (England and Wales)






WALKER THOMPSON LTD (REGISTERED NUMBER: 06574838)

REPORT OF THE DIRECTORS
FOR THE YEAR ENDED 31 MARCH 2024

The directors present their report with the financial statements of the company for the year ended 31 March 2024.

DIRECTORS
The directors shown below have held office during the whole of the period from 1 April 2023 to the date of this report.

S R Williams
K Knowles
C J Irvine

This report has been prepared in accordance with the provisions of Part 15 of the Companies Act 2006 relating to small companies.

ON BEHALF OF THE BOARD:





S R Williams - Director


3 December 2024

WALKER THOMPSON LTD (REGISTERED NUMBER: 06574838)

STATEMENT OF INCOME AND
RETAINED EARNINGS
FOR THE YEAR ENDED 31 MARCH 2024

2024 2023
Notes £    £   

TURNOVER 479,151 432,063

Administrative expenses 320,169 321,478
158,982 110,585

Other operating income 917 500
OPERATING PROFIT 4 159,899 111,085

Interest receivable and similar income 4,079 844
163,978 111,929

Interest payable and similar expenses 21,451 12,180
PROFIT BEFORE TAXATION 142,527 99,749

Tax on profit 38,380 22,163
PROFIT FOR THE FINANCIAL YEAR 104,147 77,586

Retained earnings at beginning of year 279,133 304,247

Dividends (98,395 ) (102,700 )

RETAINED EARNINGS AT END OF
YEAR

284,885

279,133

WALKER THOMPSON LTD (REGISTERED NUMBER: 06574838)

BALANCE SHEET
31 MARCH 2024

2024 2023
Notes £    £    £    £   
FIXED ASSETS
Intangible assets 5 151,664 166,831
Tangible assets 6 10,057 13,239
161,721 180,070

CURRENT ASSETS
Stocks 7 1,200 1,800
Debtors 8 221,706 161,646
Cash at bank and in hand 273,299 252,914
496,205 416,360
CREDITORS
Amounts falling due within one year 9 105,944 86,831
NET CURRENT ASSETS 390,261 329,529
TOTAL ASSETS LESS CURRENT
LIABILITIES

551,982

509,599

CREDITORS
Amounts falling due after more than one
year

10

(254,701

)

(217,408

)

PROVISIONS FOR LIABILITIES (2,391 ) (3,053 )
NET ASSETS 294,890 289,138

CAPITAL AND RESERVES
Called up share capital 10,005 10,005
Retained earnings 284,885 279,133
SHAREHOLDERS' FUNDS 294,890 289,138

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 March 2024.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 March 2024 in accordance with Section 476 of the Companies Act 2006.

The directors acknowledge their 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.

WALKER THOMPSON LTD (REGISTERED NUMBER: 06574838)

BALANCE SHEET - continued
31 MARCH 2024


The financial statements have been prepared in accordance with the provisions applicable to companies subject to the small companies regime.

The financial statements were approved by the Board of Directors and authorised for issue on 3 December 2024 and were signed on its behalf by:




C J Irvine - Director K Knowles - Director




S R Williams - Director


WALKER THOMPSON LTD (REGISTERED NUMBER: 06574838)

NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2024

1. STATUTORY INFORMATION

Walker Thompson 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.

The presentation currency of the financial statements is the Pound Sterling (£).


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 represents net invoiced sales of services, excluding value added tax but including amounts to be billed to clients

Goodwill
Goodwill, being the amount paid in connection with the acquisition of a business in 2011, is being amortised from 2014 over its remaining estimated useful life of twenty years.

Intangible assets
Intangible assets are initially measured at cost. After initial recognition, intangible assets are measured at cost less any accumulated amortisation and any accumulated impairment losses.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Computer equipment - 20% on cost
Office equipment - 15% on reducing balance

Stocks
Stocks are valued at the lower of cost and net realisable value, after making due allowance for obsolete and slow moving items.

Taxation
Taxation for the year comprises current and deferred tax. Tax is recognised in the Statement of Income and Retained Earnings, 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.

WALKER THOMPSON LTD (REGISTERED NUMBER: 06574838)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 MARCH 2024

2. ACCOUNTING POLICIES - continued

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.

Pension costs and other post-retirement benefits
The company operates a defined contribution pension scheme. Contributions payable to the company's pension scheme are charged to profit or loss in the period to which they relate.

Amounts to be billed to clients
Services provided to clients, which at the balance sheet date have not been billed to clients, have been recognised as turnover. Turnover recognised in this manner is based on an assessment of the fair value of the services provided at the balance sheet date. Unbilled revenue is included in debtors.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 11 (2023 - 11 ) .

4. OPERATING PROFIT

The operating profit is stated after charging:

2024 2023
£    £   
Depreciation - owned assets 4,258 3,964
Goodwill amortisation 15,167 15,167

5. INTANGIBLE FIXED ASSETS
Goodwill
£   
COST
At 1 April 2023
and 31 March 2024 303,330
AMORTISATION
At 1 April 2023 136,499
Charge for year 15,167
At 31 March 2024 151,666
NET BOOK VALUE
At 31 March 2024 151,664
At 31 March 2023 166,831

WALKER THOMPSON LTD (REGISTERED NUMBER: 06574838)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 MARCH 2024

6. TANGIBLE FIXED ASSETS
Improvements
to Computer Office
property equipment equipment Totals
£    £    £    £   
COST
At 1 April 2023 2,300 18,503 13,981 34,784
Additions - 521 584 1,105
Disposals - - (81 ) (81 )
At 31 March 2024 2,300 19,024 14,484 35,808
DEPRECIATION
At 1 April 2023 2,300 10,576 8,669 21,545
Charge for year - 3,382 876 4,258
Eliminated on disposal - - (52 ) (52 )
At 31 March 2024 2,300 13,958 9,493 25,751
NET BOOK VALUE
At 31 March 2024 - 5,066 4,991 10,057
At 31 March 2023 - 7,927 5,312 13,239

7. STOCKS
2024 2023
£    £   
Stocks 1,200 1,800

8. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Trade debtors 192,577 137,696
Other debtors 29,129 23,950
221,706 161,646

9. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Trade creditors 17,185 16,545
Taxation and social security 79,839 56,635
Other creditors 8,920 13,651
105,944 86,831

10. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
2024 2023
£    £   
Other creditors 254,701 217,408

WALKER THOMPSON LTD (REGISTERED NUMBER: 06574838)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 MARCH 2024

11. LEASING AGREEMENTS

Minimum lease payments under non-cancellable operating leases fall due as follows:
2024 2023
£    £   
Within one year 20,500 20,500
Between one and five years 42,708 63,208
63,208 83,708

12. SECURED DEBTS

The following secured debts are included within creditors:

2024 2023
£    £   
Other creditors 254,701 217,408

The company directors, S Williams, K Knowles and C Irvine hold a debenture giving a charge over all assets of the company.