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Registration number: 08933460

Walk to Run Ltd

Unaudited Filleted Financial Statements

for the Year Ended 31 March 2024

 

Walk to Run Ltd

Contents

Company Information

1

Accountants' Report

2

Balance Sheet

3 to 4

Notes to the Unaudited Financial Statements

5 to 8

 

Walk to Run Ltd

Company Information

Director

Mr C E Allen

Registered office

Office, 31 Cattle Market Street
Norwich
Norfolk
NR1 3DY

Accountants

Perk Accounting Ltd
Office, 31 Cattle Market Street
Norwich
Norfolk
NR1 3DY

 

Accountants' Report to the Director on the Preparation of the Unaudited Statutory Accounts of
Walk to Run Ltd
for the Year Ended 31 March 2024

In order to assist you to fulfil your duties under the Companies Act 2006, we have prepared for your approval the accounts of Walk to Run Ltd for the year ended 31 March 2024 as set out on pages 3 to 8 from the company's accounting records and from information and explanations you have given us.

This report is made solely to the Board of Directors of Walk to Run Ltd, as a body, in accordance with the terms of our engagement letter. Our work has been undertaken solely to prepare for your approval the accounts of Walk to Run Ltd and state those matters that we have agreed to state to the Board of Directors of Walk to Run Ltd. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than Walk to Run Ltd and its Board of Directors as a body for our work or for this report.

It is your duty to ensure that Walk to Run Ltd has kept adequate accounting records and to prepare statutory accounts that give a true and fair view of the assets, liabilities, financial position and loss of Walk to Run Ltd. You consider that Walk to Run 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 accounts of Walk to Run 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 accounts.

......................................

Perk Accounting Ltd
Office, 31 Cattle Market Street
Norwich
Norfolk
NR1 3DY

4 December 2024

 

Walk to Run Ltd

(Registration number: 08933460)
Balance Sheet as at 31 March 2024

Note

2024
£

2023
£

Fixed assets

 

Tangible assets

4

3,467

3,383

Current assets

 

Stocks

5

1,500

3,000

Debtors

6

10,505

9,916

Cash at bank and in hand

 

6,204

2,495

 

18,209

15,411

Creditors: Amounts falling due within one year

7

(65,547)

(58,628)

Net current liabilities

 

(47,338)

(43,217)

Total assets less current liabilities

 

(43,871)

(39,834)

Creditors: Amounts falling due after more than one year

7

(1,928)

(3,459)

Net liabilities

 

(45,799)

(43,293)

Capital and reserves

 

Called up share capital

100

100

Retained earnings

(45,899)

(43,393)

Shareholders' deficit

 

(45,799)

(43,293)

For the financial year ending 31 March 2024 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

Director's responsibilities:

The members have not required the company to obtain an audit of its accounts for the year in question in accordance with section 476; and

The director acknowledges his responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.

These financial statements have been prepared in accordance with the special provisions relating to companies subject to the small companies regime within Part 15 of the Companies Act 2006.

These financial statements have been delivered in accordance with the provisions applicable to companies subject to the small companies regime. As permitted by section 444 (5A) of the Companies Act 2006, the director has not delivered to the registrar a copy of the Profit and Loss Account.

 

Walk to Run Ltd

(Registration number: 08933460)
Balance Sheet as at 31 March 2024

Approved and authorised by the director on 4 December 2024
 

.........................................
Mr C E Allen
Director

 

Walk to Run Ltd

Notes to the Unaudited Financial Statements for the Year Ended 31 March 2024

1

General information

The company is a private company limited by share capital, incorporated in England and Wales.

The address of its registered office is:
Office, 31 Cattle Market Street
Norwich
Norfolk
NR1 3DY

These financial statements were authorised for issue by the director on 4 December 2024.

2

Accounting policies

Summary of significant accounting policies and key accounting estimates

The principal accounting policies applied in the preparation of these financial statements are set out below. These policies have been consistently applied to all the years presented, unless otherwise stated.

Statement of compliance

These financial statements have been prepared in accordance with Financial Reporting Standard 102 Section 1A smaller entities - 'The Financial Reporting Standard applicable in the United Kingdom and Republic of Ireland' and the Companies Act 2006 (as applicable to companies subject to the small companies' regime).

Basis of preparation

These financial statements have been prepared using the historical cost convention except that as disclosed in the accounting policies certain items are shown at fair value.

Going concern

The financial statements have been prepared on a going concern basis. At the reporting date, the company's liabilities exceeded the company's assets by £45,799. The company owed the director £63,880 and based on their support, the company can continue trading.

Revenue recognition

Turnover comprises the fair value of the consideration received for the sale of goods and provision of services in the ordinary course of the company’s activities including value added tax.

Tax

The tax expense for the period comprises deferred tax. Tax is recognised in profit or loss, except that a change attributable to an item of income or expense recognised as other comprehensive income is also recognised directly in other comprehensive income.

Deferred tax is recognised in respect of all timing differences between taxable profits and profits reported in the financial statements.

Unrelieved tax losses and other deferred tax assets are recognised when it is probable that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits.

Deferred tax is measured using the tax rates and laws that have been enacted or substantively enacted by the reporting date and that are expected to apply to the reversal of the timing difference.

 

Walk to Run Ltd

Notes to the Unaudited Financial Statements for the Year Ended 31 March 2024

Tangible assets

Tangible assets are stated in the balance sheet at cost, less any subsequent accumulated depreciation and subsequent accumulated impairment losses.

The cost of tangible assets includes directly attributable incremental costs incurred in their acquisition and installation.

Depreciation

Depreciation is charged so as to write off the cost of assets, other than land and properties under construction over their estimated useful lives, as follows:

Asset class

Depreciation method and rate

Plant and machinery

25% reducing balance

Office equipment

33% straight line

Stocks

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

Borrowings

Interest-bearing borrowings are initially recorded at fair value, net of transaction costs. Interest-bearing borrowings are subsequently carried at amortised cost, with the difference between the proceeds, net of transaction costs, and the amount due on redemption being recognised as a charge to the profit and loss account over the period of the relevant borrowing.

Interest expense is recognised on the basis of the effective interest method and is included in interest payable and similar charges.

Borrowings are classified as current liabilities unless the company has an unconditional right to defer settlement of the liability for at least twelve months after the reporting date.

3

Staff numbers

The average number of persons employed by the company (including the director) during the year, was 1 (2023 - 1).

 

Walk to Run Ltd

Notes to the Unaudited Financial Statements for the Year Ended 31 March 2024

4

Tangible assets

Furniture, fittings and equipment
 £

Other tangible assets
£

Total
£

Cost or valuation

At 1 April 2023

1,982

8,477

10,459

Additions

-

1,170

1,170

At 31 March 2024

1,982

9,647

11,629

Depreciation

At 1 April 2023

1,799

5,277

7,076

Charge for the year

183

903

1,086

At 31 March 2024

1,982

6,180

8,162

Carrying amount

At 31 March 2024

-

3,467

3,467

At 31 March 2023

183

3,200

3,383

5

Stocks

2024
£

2023
£

Other inventories

1,500

3,000

6

Debtors

Current

2024
£

2023
£

Other debtors

10,505

9,916

 

10,505

9,916

 

Walk to Run Ltd

Notes to the Unaudited Financial Statements for the Year Ended 31 March 2024

7

Creditors

Creditors: amounts falling due within one year

Note

2024
£

2023
£

Due within one year

 

Loans and borrowings

8

1,667

2,141

Other creditors

 

63,880

56,487

 

65,547

58,628

Creditors: amounts falling due after more than one year

Note

2024
£

2023
£

Due after one year

 

Loans and borrowings

8

1,928

3,459

8

Loans and borrowings

Non-current loans and borrowings

2024
£

2023
£

Bank borrowings

1,928

3,459

Current loans and borrowings

2024
£

2023
£

Bank borrowings

1,667

1,532

Bank overdrafts

-

609

1,667

2,141