WALKER SAFETY CABINETS LIMITED

Company Registration Number:
02461712 (England and Wales)

Unaudited abridged accounts for the year ended 30 April 2024

Period of accounts

Start date: 01 May 2023

End date: 30 April 2024

WALKER SAFETY CABINETS LIMITED

Contents of the Financial Statements

for the Period Ended 30 April 2024

Balance sheet
Notes

WALKER SAFETY CABINETS LIMITED

Balance sheet

As at 30 April 2024


Notes

2024

2023


£

£
Fixed assets
Tangible assets: 3 417,412 263,972
Total fixed assets: 417,412 263,972
Current assets
Stocks: 7,395 20,450
Debtors:   244,852 294,858
Cash at bank and in hand: 379,738 276,294
Total current assets: 631,985 591,602
Creditors: amounts falling due within one year:   (338,067) (199,906)
Net current assets (liabilities): 293,918 391,696
Total assets less current liabilities: 711,330 655,668
Creditors: amounts falling due after more than one year:   (38,413) (50,194)
Total net assets (liabilities): 672,917 605,474
Capital and reserves
Called up share capital: 110 110
Profit and loss account: 672,807 605,364
Shareholders funds: 672,917 605,474

The notes form part of these financial statements

WALKER SAFETY CABINETS LIMITED

Balance sheet statements

For the year ending 30 April 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 directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.

The members have agreed to the preparation of abridged accounts for this accounting period in accordance with Section 444(2A).

These accounts have been prepared in accordance with the provisions applicable to companies subject to the small companies regime.

The directors have chosen to not file a copy of the company’s profit & loss account.

This report was approved by the board of directors on 31 January 2025
and signed on behalf of the board by:

Name: Mrs S. Walker
Status: Director

The notes form part of these financial statements

WALKER SAFETY CABINETS LIMITED

Notes to the Financial Statements

for the Period Ended 30 April 2024

1. Accounting policies

These financial statements have been prepared in accordance with the provisions of Section 1A (Small Entities) of Financial Reporting Standard 102

Turnover policy

Turnover is measured at the fair value of the consideration received or receivable for goods supplied and services rendered, net of discounts and Value Added Tax. Revenue from the sale of goods is recognised when the significant risks and rewards of ownership have transferred to the buyer (usually on despatch of the goods); the amount of revenue can be measured reliably; it is probable that the associated economic benefits will flow to the entity; and the costs incurred or to be incurred in respect of the transactions can be measured reliably.

Tangible fixed assets and depreciation policy

Depreciation is calculated so as to write off the cost or valuation of an asset, less its residual value, over the useful economic life of that asset as follows: Long leasehold property - 10% straight line Plant and machinery - 20% reducing balance Motor vehicles - 25% reducing balance Computer equipment - 33% straight line If there is an indication that there has been a significant change in depreciation rate, useful life or residual value of tangible assets, the depreciation is revised prospectively to reflect the new estimates.

WALKER SAFETY CABINETS LIMITED

Notes to the Financial Statements

for the Period Ended 30 April 2024

2. Employees

2024 2023
Average number of employees during the period 22 25

WALKER SAFETY CABINETS LIMITED

Notes to the Financial Statements

for the Period Ended 30 April 2024

3. Tangible Assets

Total
Cost £
At 01 May 2023 551,794
Additions 249,553
Disposals (21,781)
At 30 April 2024 779,566
Depreciation
At 01 May 2023 287,822
Charge for year 89,064
On disposals (14,732)
At 30 April 2024 362,154
Net book value
At 30 April 2024 417,412
At 30 April 2023 263,972