Registered number
12558631
Walton Financial Solutions Ltd
Filleted Accounts
30 April 2024
Walton Financial Solutions Ltd
Registered number: 12558631
Balance Sheet
as at 30 April 2024
Notes 2024 2023
£ £
Fixed assets
Tangible assets 3 2,884 3,845
Current assets
Debtors 4 7,414 44,823
Cash at bank and in hand 7,694 2,800
15,108 47,623
Creditors: amounts falling due within one year 5 (37,473) (51,297)
Net current liabilities (22,365) (3,674)
Net (liabilities)/assets (19,481) 171
Capital and reserves
Called up share capital 100 100
Profit and loss account (19,581) 71
Shareholders' funds (19,481) 171
The directors are satisfied that the company is entitled to exemption from the requirement to obtain an audit under section 477 of the Companies Act 2006.
The members have not required the company to obtain an audit in accordance with section 476 of the Act.
The directors acknowledge their responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of accounts.
The accounts have been prepared and delivered in accordance with the special provisions applicable to companies subject to the small companies regime. The profit and loss account has not been delivered to the Registrar of Companies.
D Walton
Director
Approved by the board on 22 January 2025
Walton Financial Solutions Ltd
Notes to the Accounts
for the year ended 30 April 2024
1 Accounting policies
Turnover
Turnover is measured at the fair value of the consideration received or receivable, net of discounts and value added taxes. Turnover includes revenue earned from the sale of goods and from the rendering of services. Turnover from the sale of goods is recognised when the significant risks and rewards of ownership of the goods have transferred to the buyer. 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.
Debtors
Short term debtors are measured at transaction price (which is usually the invoice price), less any impairment losses for bad and doubtful debts. Loans and other financial assets are initially recognised at transaction price including any transaction costs and subsequently measured at amortised cost determined using the effective interest method, less any impairment losses for bad and doubtful debts.
Creditors
Short term creditors are measured at transaction price (which is usually the invoice price). Loans and other financial liabilities are initially recognised at transaction price net of any transaction costs and subsequently measured at amortised cost determined using the effective interest method.
2 Employees 2024 2023
Number Number
Average number of persons employed by the company 1 1
3 Tangible fixed assets
Plant and machinery etc
£
Cost
At 1 May 2023 7,318
At 30 April 2024 7,318
Depreciation
At 1 May 2023 3,473
Charge for the year 961
At 30 April 2024 4,434
Net book value
At 30 April 2024 2,884
At 30 April 2023 3,845
4 Debtors 2024 2023
£ £
Other debtors 7,414 44,823
5 Creditors: amounts falling due within one year 2024 2023
£ £
Bank loans and overdrafts 4,090 4,090
Taxation and social security costs 19,819 28,775
Accruals 5,500 4,530
Other creditors 8,064 13,902
37,473 51,297
6 Other information
Walton Financial Solutions Ltd is a private company limited by shares and incorporated in England. It's registered office is:
122 Mottram Road
Stalybridge
Cheshire
SK15 2QU
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