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REGISTERED NUMBER: 11872065 (England and Wales)















UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 30TH APRIL 2024

FOR

SRPS WALSH LIMITED

SRPS WALSH LIMITED (REGISTERED NUMBER: 11872065)






CONTENTS OF THE FINANCIAL STATEMENTS
for the Year Ended 30th April 2024




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


SRPS WALSH LIMITED

COMPANY INFORMATION
for the Year Ended 30th April 2024







DIRECTORS: Mrs R J Walsh
S J Walsh





REGISTERED OFFICE: 15 Bridge Road
Wellington
Telford
Shropshire
TF1 1EB





REGISTERED NUMBER: 11872065 (England and Wales)





ACCOUNTANTS: D E Ball & Co Limited
Chartered Accountants
15 Bridge Road
Wellington
Telford
Shropshire
TF1 1EB

SRPS WALSH LIMITED (REGISTERED NUMBER: 11872065)

BALANCE SHEET
30th April 2024

30.4.24 30.4.23
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 169,851 31,548
Investments 5 10 10
169,861 31,558

CURRENT ASSETS
Debtors 6 7,425,935 7,303,747
Cash at bank and in hand 324,350 654,255
7,750,285 7,958,002
CREDITORS
Amounts falling due within one year 7 67,485 10,511
NET CURRENT ASSETS 7,682,800 7,947,491
TOTAL ASSETS LESS CURRENT
LIABILITIES

7,852,661

7,979,049

CREDITORS
Amounts falling due after more than one
year

8

50,167

-
NET ASSETS 7,802,494 7,979,049

CAPITAL AND RESERVES
Called up share capital 9 4 4
Retained earnings 7,802,490 7,979,045
SHAREHOLDERS' FUNDS 7,802,494 7,979,049

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 30th April 2024.

The members have not required the company to obtain an audit of its financial statements for the year ended 30th April 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.

SRPS WALSH LIMITED (REGISTERED NUMBER: 11872065)

BALANCE SHEET - continued
30th April 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 Statement of Income and Retained Earnings has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 28th January 2025 and were signed on its behalf by:





Mrs R J Walsh - Director


SRPS WALSH LIMITED (REGISTERED NUMBER: 11872065)

NOTES TO THE FINANCIAL STATEMENTS
for the Year Ended 30th April 2024

1. STATUTORY INFORMATION

SRPS Walsh Limited 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 or, if held under a finance lease, over the lease term, whichever is the shorter.
Plant and machinery etc - 25% on reducing balance, 25% on cost and 15% on reducing balance

Investments in subsidiaries
Investments in subsidiary undertakings are recognised at cost.

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.

Hire purchase and leasing commitments
Assets obtained under hire purchase contracts or finance leases are capitalised in the balance sheet. Those held under hire purchase contracts are depreciated over their estimated useful lives. Those held under finance leases are depreciated over their estimated useful lives or the lease term, whichever is the shorter.

The interest element of these obligations is charged to profit or loss over the relevant period. The capital element of the future payments is treated as a liability.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 2 (2023 - 2 ) .

SRPS WALSH LIMITED (REGISTERED NUMBER: 11872065)

NOTES TO THE FINANCIAL STATEMENTS - continued
for the Year Ended 30th April 2024

4. TANGIBLE FIXED ASSETS
Plant and
machinery
etc
£   
COST
At 1st May 2023 49,171
Additions 180,250
Disposals (43,445 )
At 30th April 2024 185,976
DEPRECIATION
At 1st May 2023 17,623
Charge for year 20,975
Eliminated on disposal (22,473 )
At 30th April 2024 16,125
NET BOOK VALUE
At 30th April 2024 169,851
At 30th April 2023 31,548

Fixed assets, included in the above, which are held under hire purchase contracts are as follows:

Plant and
machinery
etc
£   
COST
Additions 164,500
At 30th April 2024 164,500
DEPRECIATION
Charge for year 13,384
At 30th April 2024 13,384
NET BOOK VALUE
At 30th April 2024 151,116

5. FIXED ASSET INVESTMENTS
Shares in
group
undertakings
£   
COST
At 1st May 2023
and 30th April 2024 10
NET BOOK VALUE
At 30th April 2024 10
At 30th April 2023 10

SRPS WALSH LIMITED (REGISTERED NUMBER: 11872065)

NOTES TO THE FINANCIAL STATEMENTS - continued
for the Year Ended 30th April 2024

6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
30.4.24 30.4.23
£    £   
Trade debtors 58,600 15,000
Amounts owed by group undertakings 6,364,787 6,099,121
Other debtors 1,002,548 1,189,626
7,425,935 7,303,747

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
30.4.24 30.4.23
£    £   
Hire purchase contracts 63,658 -
Taxation and social security 1 1
Other creditors 3,826 10,510
67,485 10,511

8. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
30.4.24 30.4.23
£    £   
Hire purchase contracts 50,167 -

9. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 30.4.24 30.4.23
value: £    £   
4 Ordinary £1 4 4

10. DIRECTORS' ADVANCES, CREDITS AND GUARANTEES

The following advances and credits to directors subsisted during the years ended 30th April 2024 and 30th April 2023:

30.4.24 30.4.23
£    £   
S J Walsh and Mrs R J Walsh
Balance outstanding at start of year 188,164 -
Amounts advanced 182,836 268,164
Amounts repaid (371,000 ) (80,000 )
Amounts written off - -
Amounts waived - -
Balance outstanding at end of year - 188,164

Loans to the directors carried interest at the beneficial loan rate until repaid.

11. ULTIMATE CONTROLLING PARTY

The company is under the control of the directors S J Walsh & Mrs R J Walsh.