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Wallington PFC Limited
 
 
Company Registration Number
09780041
 
 
Report of the Directors and
Abridged Unaudited Financial Statements
 
 
Period of accounts
 
Start date 01/08/2023
 
End date 31/07/2024
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
Page 1
Wallington PFC Limited
 
Contents of the Financial Statements
for the Period Ended 31 July 2024
 
 
Page
Company Information 3
 
Report of the Accountants 4
 
Abridged Balance Sheet 5 - 6
 
Notes to the Financial Statements 7 - 10
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
Page 2
Wallington PFC Limited
Company Information
for the Period Ended 31 July 2024
 
Directors Mehmet Ugur Keso
 
 
Registered office 3 Jarvis Close
Barking
Essex
IG11 7PZ
 
Company Registration Number 09780041
 
Accountants Name Gench & Company
Address 3 Jarvis Close
Barking
Essex
IG11 7PZ
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
Page 3
Wallington PFC Limited
 
Accountants' Report
for the Period Ended 31 July 2024
 
Independent accountants' report
 
Report to the directors on the preparation of the unaudited statutory accounts of the company for theperiod ended 31 July 2024. In order to assist you to fulfil your duties under the Companies Act 2006, we have prepared for your approval the accounts of the company for the period ended 31 July 2024 as set out on pages 3 to 10 which comprise of the Balance Sheet and the related notes from the companys accounting records and from information and explanations you have given us. This report is made solely to the Board of Directors of the company, as a body, in accordance with the terms of our engagement. Our work has been undertaken solely to prepare for your approval the
accounts of the company and state those matters that we have agreed to state to the Board of Directors
of the company, as a body, in this report. To the fullest extent permitted by law, we do not accept or
assume responsibility to anyone other than the company and its Board of Directors as a body for our
work or for this report.
 
It is your duty to ensure the company has kept adequate accounting records and to prepare statutory
accounts that give a true and fair view of the assets, liabilities, financial position and profit/(loss) of
the company. You consider the company is exempt from the statutory audit requirement for the
period.
We have not been instructed to carry out an audit of the financial statements. 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 financial
statements.
 
 
 
 
 
 
 
Gench & Company
3 Jarvis Close
Barking
Essex
IG11 7PZ
 
Date 2025-01-27
Page 4
Wallington PFC Limited
Balance Sheet
for the Period Ended 31 July 2024
Company registration number 09780041
2024 2,023
Notes £ £
Fixed assets
Tangible fixed assets 2 160,215 132,963
_______ _______
Total fixed assets 160,215 132,963
Current assets
Stocks 3 210,486 194,367
Debtors 4 3,768 6,287
Cash at bank and in hand 30,903 12,676
_______ _______
Total current assets/(liabilities) 245,157 213,330
Creditors
Creditors - amounts falling
due within one year 5 387,775 311,705
_______ _______
Net current assets (142,618) (98,375)
_______ _______
Total assets less current liabilities 17,597 34,588
_______ _______
Creditors - amounts falling
Net assets/(liabilities) 17,597 34,588
Capital and reserves
Called up share capital 7 100 100
Profit and loss account 8 17,497 34,488
_____ _____
Total shareholders funds 17,597 34,588
 
 
 
 
 
 
 
 
 
 
 
Page 5
Wallington PFC Limited
 
Balance Sheet
for the Period Ended 31 July 2024
 
 
 
These accounts have been prepared in accordance with the provisions applicable to companies subject to the small companies regime.
The option not to file the profit and loss account has been taken.
 
For the year ending 31 July 2024 the company was entitled to exemption 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 members have agreed to the preparation of abridged accounts.
The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.
 
The financial statements were approved by the Board of Directors on 2025-01-27
 
SIGNED ON BEHALF OF THE BOARD BY
 
 
 
 
 
 
 
Name Mehmet Ugur Keso
Status Director
 
The notes form part of these financial statements
Average number of employees during period 10
 
 
 
 
 
 
 
Page 6
Wallington PFC Limited
Notes to the Financial Statements
for the Period Ended 31 July 2024
1. Accounting policies
Basis of preparation
The financial statements have been prepared under the historical cost convention and in accordance with the small companies regime.
Going Concern
The company has a deficit on shareholders' funds and relies upon the support of its shareholders and creditors,which has been confirmed for a period of at least twelve months from the approval of the financial statements.Accordingly the directors have prepared the financial statements on the going concern basis.
Tangible fixed assets Depreciation
Depreciation is provided, after taking account of any grants receivable, at the following annual rates in order to write off each asset over its estimated useful life.
Fixtures and fittings 0
Office equipment 0
Motor vehicles 0
Stocks
Stocks and work-in-progress are valued at the lower of cost and net realisable value, after making due allowance for obsolete and slow moving items. Cost includes all direct expenditure and an appropriate proportion of fixed and variable overheads.
 
 
 
 
 
 
 
 
 
 
 
 
 
Page 7
Wallington PFC Limited
Notes to the Financial Statements
for the Period Ended 31 July 2024
2. Tangible fixed assets
Land and Fixtures Motor Total
buildings and fittings vehicles
Cost £ £ £ £
At 1 August 2023 65,440 127,696 18,440 211,576
Additions 43,998 43,998
_____ ______ _____ ______
At 31 July 2024 65,440 171,694 18,440 255,574
Depreciation
At 1 August 2023 74,933 3,680 78,613
Charge for year 13,794 2,952 16,746
_____ ____ _____
At 31 July 2024 88,727 6,632 95,359
Net book value
At 31 July 2024 65,440 82,967 11,808 160,215
At 31 July 2023 65,440 52,763 14,760 132,963
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
Page 8
Wallington PFC Limited
Notes to the Financial Statements
for the Period Ended 31 July 2024
3. Stocks 2024 2,023
Finished goods 210,486 194,367
Total 210,486 194,367
4. Debtors 2024 2,023
Prepayments and accrued income 3,768 6,287
____ ____
Total 3,768 6,287
5. Creditors amounts falling due within one year 2024 2,023
Trade creditors 247,021 140,582
Corporation tax 15,858 10,272
Other taxation and social security 1,580 799
Accruals and deferred income 1,000 875
Other creditors 122,316 159,177
______ ______
Total 387,775 311,705
6. Creditors amounts falling due after more than one year 2024 2,023
_ _
Total
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
Page 9
Wallington PFC Limited
Notes to the Financial Statements
for the Period Ended 31 July 2024
7. Share capital 2024 2,023
Authorised type Par value £ £
Ordinary shares 1 100 100
___ ___
Total 100 100
Allotted, called up and paid £ £
Ordinary shares 100 100
___ ___
Total 100 100
8. Reserves/Retained profit
Retained profit reconciliation £
Reserves at 1 August 2023 34,488
Profit/(Loss) for year 58,009
Dividends paid 75,000
_____
Retained Profit/(Loss) at 31 July 2024 17,497
 
 
 
 
 
 
 
 
 
 
 
 
 
Page 10