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REGISTERED NUMBER: 07638495 (England and Wales)















UNAUDITED FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MAY 2024

FOR

WALMSLEY ENGINEERING LIMITED

WALMSLEY ENGINEERING LIMITED (REGISTERED NUMBER: 07638495)






CONTENTS OF THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MAY 2024




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


WALMSLEY ENGINEERING LIMITED

COMPANY INFORMATION
FOR THE YEAR ENDED 31 MAY 2024







DIRECTOR: S J Walmsley





SECRETARY: Mrs R Walmsley





REGISTERED OFFICE: Chandler House
7 Ferry Road Office Park
Riversway
Preston
Lancashire
PR2 2YH





REGISTERED NUMBER: 07638495 (England and Wales)





ACCOUNTANTS: Wallwork Nelson & Johnson
Chandler House
7 Ferry Road Office Park
Riversway
Preston
Lancashire
PR2 2YH

WALMSLEY ENGINEERING LIMITED (REGISTERED NUMBER: 07638495)

BALANCE SHEET
31 MAY 2024

31/5/24 31/5/23
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 13,999 2,849

CURRENT ASSETS
Debtors 5 - 8,163
Cash at bank 4,731 7,952
4,731 16,115
CREDITORS
Amounts falling due within one year 6 11,910 9,254
NET CURRENT (LIABILITIES)/ASSETS (7,179 ) 6,861
TOTAL ASSETS LESS CURRENT
LIABILITIES

6,820

9,710

CREDITORS
Amounts falling due after more than one year 7 (2,829 ) (4,829 )

PROVISIONS FOR LIABILITIES (3,500 ) (541 )
NET ASSETS 491 4,340

CAPITAL AND RESERVES
Called up share capital 100 100
Retained earnings 391 4,240
SHAREHOLDERS' FUNDS 491 4,340

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 May 2024.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 May 2024 in accordance with Section 476 of the Companies Act 2006.

The director acknowledges his 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.

WALMSLEY ENGINEERING LIMITED (REGISTERED NUMBER: 07638495)

BALANCE SHEET - continued
31 MAY 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 Income Statement has not been delivered.

The financial statements were approved by the director and authorised for issue on 15 January 2025 and were signed by:





S J Walmsley - Director


WALMSLEY ENGINEERING LIMITED (REGISTERED NUMBER: 07638495)

NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MAY 2024

1. STATUTORY INFORMATION

Walmsley Engineering 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.
Plant and machinery - 33% on cost
Motor vehicles - 25% on cost
Computer equipment - 33% on cost

Taxation
Taxation for the year comprises current and deferred tax. Tax is recognised in the Income Statement, 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.

Pension costs and other post-retirement benefits
The company operates a defined contribution pension scheme. Contributions payable to the company's pension scheme are charged to profit or loss in the period to which they relate.

Going concern
The director has a reasonable expectation that the company will be able to continue in operational existence for the foreseeable future. Thus continuing to adopt the going concern basis of accounting in preparing the annual financial statements.

3. EMPLOYEES AND DIRECTORS

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

WALMSLEY ENGINEERING LIMITED (REGISTERED NUMBER: 07638495)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 MAY 2024

4. TANGIBLE FIXED ASSETS
Plant and Motor Computer
machinery vehicles equipment Totals
£    £    £    £   
COST
At 1 June 2023 699 10,349 7,438 18,486
Additions - 18,200 - 18,200
At 31 May 2024 699 28,549 7,438 36,686
DEPRECIATION
At 1 June 2023 699 7,500 7,438 15,637
Charge for year - 7,050 - 7,050
At 31 May 2024 699 14,550 7,438 22,687
NET BOOK VALUE
At 31 May 2024 - 13,999 - 13,999
At 31 May 2023 - 2,849 - 2,849

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31/5/24 31/5/23
£    £   
Directors' current accounts - 8,163

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31/5/24 31/5/23
£    £   
Bank loans and overdrafts 2,000 2,000
Trade creditors 733 733
Tax 2,162 4,923
VAT 678 251
Other creditors 146 146
Directors' current accounts 4,991 -
Accrued expenses 1,200 1,201
11,910 9,254

7. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
31/5/24 31/5/23
£    £   
Bank loans - 1-2 years 2,000 2,000
Bank loans - 2-5 years 829 2,829
2,829 4,829

WALMSLEY ENGINEERING LIMITED (REGISTERED NUMBER: 07638495)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 MAY 2024

8. DIRECTOR'S ADVANCES, CREDITS AND GUARANTEES

The following advances and credits to a director subsisted during the years ended 31 May 2024 and 31 May 2023:

31/5/24 31/5/23
£    £   
S J Walmsley
Balance outstanding at start of year 8,163 27,104
Amounts advanced 13,046 26,259
Amounts repaid (26,200 ) (45,200 )
Amounts written off - -
Amounts waived - -
Balance outstanding at end of year (4,991 ) 8,163

9. RELATED PARTY DISCLOSURES

During the year, total dividends of £21,000 were paid to the director .

10. ULTIMATE CONTROLLING PARTY

The company is controlled by the director by way of their shareholding in the company.