IRIS Accounts Production v24.3.2.46 00952790 Board of Directors 1.10.23 30.9.24 30.9.24 false true false false true false Fair value model iso4217:GBPiso4217:USDiso4217:EURxbrli:sharesxbrli:pureutr:tonnesutr:kWh009527902023-09-30009527902024-09-30009527902023-10-012024-09-30009527902022-09-30009527902022-10-012023-09-30009527902023-09-3000952790ns15:EnglandWales2023-10-012024-09-3000952790ns14:PoundSterling2023-10-012024-09-3000952790ns10:Director12023-10-012024-09-3000952790ns10:PrivateLimitedCompanyLtd2023-10-012024-09-3000952790ns10:SmallEntities2023-10-012024-09-3000952790ns10:AuditExemptWithAccountantsReport2023-10-012024-09-3000952790ns10:SmallCompaniesRegimeForDirectorsReport2023-10-012024-09-3000952790ns10:SmallCompaniesRegimeForAccounts2023-10-012024-09-3000952790ns10:FullAccounts2023-10-012024-09-3000952790ns10:Director22023-10-012024-09-3000952790ns10:Director32023-10-012024-09-3000952790ns10:Director42023-10-012024-09-3000952790ns10:RegisteredOffice2023-10-012024-09-3000952790ns5:CurrentFinancialInstruments2024-09-3000952790ns5:CurrentFinancialInstruments2023-09-3000952790ns5:ShareCapital2024-09-3000952790ns5:ShareCapital2023-09-3000952790ns5:RetainedEarningsAccumulatedLosses2024-09-3000952790ns5:RetainedEarningsAccumulatedLosses2023-09-3000952790ns5:FurnitureFittings2023-10-012024-09-3000952790ns5:MotorVehicles2023-10-012024-09-3000952790ns5:ComputerEquipment2023-10-012024-09-3000952790ns5:FurnitureFittings2023-09-3000952790ns5:MotorVehicles2023-09-3000952790ns5:ComputerEquipment2023-09-3000952790ns5:FurnitureFittings2024-09-3000952790ns5:MotorVehicles2024-09-3000952790ns5:ComputerEquipment2024-09-3000952790ns5:FurnitureFittings2023-09-3000952790ns5:MotorVehicles2023-09-3000952790ns5:ComputerEquipment2023-09-3000952790ns5:WithinOneYearns5:CurrentFinancialInstruments2024-09-3000952790ns5:WithinOneYearns5:CurrentFinancialInstruments2023-09-3000952790ns5:DeferredTaxation2023-09-3000952790ns5:DeferredTaxation2023-10-012024-09-3000952790ns5:DeferredTaxation2024-09-30
REGISTERED NUMBER: 00952790 (England and Wales)















Unaudited Financial Statements

for the Year Ended 30 September 2024

for

J. G. Walton & Son Limited

J. G. Walton & Son Limited (Registered number: 00952790)






Contents of the Financial Statements
for the Year Ended 30 September 2024




Page

Company Information 1

Statement of Financial Position 2

Notes to the Financial Statements 4

Chartered Accountants' Report 7

J. G. Walton & Son Limited

Company Information
for the Year Ended 30 September 2024







DIRECTORS: P W Walton
J L Greenwood
J K Chapman
J H Little





REGISTERED OFFICE: 24 Lodore Avenue
Bradford
West Yorkshire
BD2 4JG





REGISTERED NUMBER: 00952790 (England and Wales)





ACCOUNTANTS: Stirk Lambert & Co
Chartered Accountants
Russell Chambers
61a North Street
Keighley
West Yorkshire
BD21 3DS

J. G. Walton & Son Limited (Registered number: 00952790)

Statement of Financial Position
30 September 2024

30.9.24 30.9.23
Notes £    £   
FIXED ASSETS
Tangible assets 5 22,360 6
Investment property 6 204,398 225,000
226,758 225,006

CURRENT ASSETS
Debtors 7 69,159 8,519
Cash at bank 31,131 47,342
100,290 55,861
CREDITORS
Amounts falling due within one year 8 (27,274 ) (22,279 )
NET CURRENT ASSETS 73,016 33,582
TOTAL ASSETS LESS CURRENT
LIABILITIES

299,774

258,588

PROVISIONS FOR LIABILITIES 9 (19,087 ) (21,011 )
NET ASSETS 280,687 237,577

CAPITAL AND RESERVES
Called up share capital 1,000 1,000
Retained earnings 279,687 236,577
SHAREHOLDERS' FUNDS 280,687 237,577

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

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

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.

J. G. Walton & Son Limited (Registered number: 00952790)

Statement of Financial Position - continued
30 September 2024



The financial statements were approved by the Board of Directors and authorised for issue on 30 January 2025 and were signed on its behalf by:





P W Walton - Director


J. G. Walton & Son Limited (Registered number: 00952790)

Notes to the Financial Statements
for the Year Ended 30 September 2024

1. STATUTORY INFORMATION

J. G. Walton & Son 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. STATEMENT OF COMPLIANCE

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.

3. ACCOUNTING POLICIES

Basis of preparing the financial statements
The financial statements have been prepared under the historical cost convention as modified by the revaluation of certain assets.

Turnover
Turnover represents the amounts received or receivable for goods and services provided to customers, excluding VAT.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Fixtures & fittings - 15% on reducing balance
Motor vehicles - 25% on cost
Computer equipment - Straight line over 3 years

Investment property
Investment property is shown at most recent valuation. Any aggregate surplus or deficit arising from changes in fair value is recognised in profit or loss.

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 statement of financial position date.

Deferred tax
Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the statement of financial position 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.

Operating leases
Property rents receivable are accounted for on a straight line basis over the period of each lease and are included within turnover.

J. G. Walton & Son Limited (Registered number: 00952790)

Notes to the Financial Statements - continued
for the Year Ended 30 September 2024

4. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 4 (2023 - 4 ) .

5. TANGIBLE FIXED ASSETS
Fixtures Motor Computer
& fittings vehicles equipment Totals
£    £    £    £   
COST
At 1 October 2023 332 10,797 3,711 14,840
Additions - 29,873 - 29,873
At 30 September 2024 332 40,670 3,711 44,713
DEPRECIATION
At 1 October 2023 326 10,797 3,711 14,834
Charge for year 1 7,518 - 7,519
At 30 September 2024 327 18,315 3,711 22,353
NET BOOK VALUE
At 30 September 2024 5 22,355 - 22,360
At 30 September 2023 6 - - 6

6. INVESTMENT PROPERTY
Total
£   
FAIR VALUE
At 1 October 2023 225,000
Disposals (20,602 )
At 30 September 2024 204,398
NET BOOK VALUE
At 30 September 2024 204,398
At 30 September 2023 225,000

Fair value at 30 September 2024 is represented by:
£   
Valuation in 2015 100,585
Valuation in 2018 10,000
Cost 93,813
204,398

7. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
30.9.24 30.9.23
£    £   
Other debtors 67,309 7,469
Prepayments & accrued income 1,850 1,050
69,159 8,519

J. G. Walton & Son Limited (Registered number: 00952790)

Notes to the Financial Statements - continued
for the Year Ended 30 September 2024

8. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
30.9.24 30.9.23
£    £   
Corporate taxation 13,673 4,235
Social security & other taxes 1,200 1,200
Directors' loan accounts 1,526 6,960
Accruals & deferred income 10,875 9,884
27,274 22,279

9. PROVISIONS FOR LIABILITIES
30.9.24 30.9.23
£    £   
Deferred tax 19,087 21,011

Deferred
tax
£   
Balance at 1 October 2023 21,011
Credit to Statement of Income and Retained Earnings during year (1,924 )
Balance at 30 September 2024 19,087

10. ULTIMATE CONTROLLING PARTY

The controlling party is P W Walton.

Chartered Accountants' Report to the Board of Directors
on the Unaudited Financial Statements of
J. G. Walton & Son Limited

The following reproduces the text of the report prepared for the directors in respect of the company's annual unaudited financial statements. In accordance with the Companies Act 2006, the company is only required to file a Statement of Financial Position. Readers are cautioned that the Income Statement and certain other primary statements and the Report of the Directors are not required to be filed with the Registrar of Companies.

In order to assist you to fulfil your duties under the Companies Act 2006, we have prepared for your approval the financial statements of J. G. Walton & Son Limited for the year ended 30 September 2024 which comprise the Statement of Income and Retained Earnings, Statement of Financial Position and the related notes from the company's accounting records and from information and explanations you have given us.

As a practising member firm of the Institute of Chartered Accountants in England and Wales (ICAEW), we are subject to its ethical and other professional requirements which are detailed within the ICAEW's regulations and guidance at http://www.icaew.com/en/membership/regulations-standards-and-guidance.

This report is made solely to the Board of Directors of J. G. Walton & Son Limited, as a body, in accordance with our terms of engagement. Our work has been undertaken solely to prepare for your approval the financial statements of J. G. Walton & Son Limited and state those matters that we have agreed to state to the Board of Directors of J. G. Walton & Son Limited, as a body, in this report in accordance with ICAEW Technical Release 07/16AAF. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than J. G. Walton & Son Limited and its Board of Directors, as a body, for our work or for this report.

It is your duty to ensure that J. G. Walton & Son Limited has kept adequate accounting records and to prepare statutory financial statements that give a true and fair view of the assets, liabilities, financial position and profit of J. G. Walton & Son Limited. You consider that J. G. Walton & Son Limited is exempt from the statutory audit requirement for the year.

We have not been instructed to carry out an audit or a review of the financial statements of J. G. Walton & Son Limited. 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 statutory financial statements.






Stirk Lambert & Co
Chartered Accountants
Russell Chambers
61a North Street
Keighley
West Yorkshire
BD21 3DS


30 January 2025