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COMPANY REGISTRATION NUMBER: 14991300
WALTERISATION LTD
FILLETED UNAUDITED FINANCIAL STATEMENTS
31 October 2024
WALTERISATION LTD
STATEMENT OF FINANCIAL POSITION
31 October 2024
31 Oct 24
Note
£
£
CURRENT ASSETS
Debtors
4
73
Cash at bank and in hand
3,923
-------
3,996
CREDITORS: amounts falling due within one year
5
6,229
-------
NET CURRENT LIABILITIES
2,233
-------
TOTAL ASSETS LESS CURRENT LIABILITIES
( 2,233)
-------
NET LIABILITIES
( 2,233)
-------
WALTERISATION LTD
STATEMENT OF FINANCIAL POSITION (continued)
31 October 2024
31 Oct 24
Note
£
£
CAPITAL AND RESERVES
Called up share capital
6
4
Profit and loss account
( 2,237)
-------
SHAREHOLDERS DEFICIT
( 2,233)
-------
These financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies' regime and in accordance with Section 1A of FRS 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland'.
In accordance with section 444 of the Companies Act 2006, the statement of comprehensive income has not been delivered.
For the period ending 31 October 2024 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.
Directors' responsibilities:
- The members have not required the company to obtain an audit of its financial statements for the period in question in accordance with section 476 ;
- The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of financial statements .
These financial statements were approved by the board of directors and authorised for issue on 13 March 2025 , and are signed on behalf of the board by:
A N Jennings
Director
Company registration number: 14991300
WALTERISATION LTD
NOTES TO THE FINANCIAL STATEMENTS
PERIOD FROM 10 JULY 2023 TO 31 OCTOBER 2024
1. GENERAL INFORMATION
The company is a private company limited by shares, registered in England and Wales. The address of the registered office is Crown Works, Rochdale Road, Todmorden, Lancashire, TKKWJH, OL14 6LD, England.
2. STATEMENT OF COMPLIANCE
These financial statements have been prepared in compliance with Section 1A of FRS 102, 'The Financial Reporting Standard applicable in the UK and the Republic of Ireland'.
3. ACCOUNTING POLICIES
Basis of preparation
The financial statements have been prepared on the historical cost basis, as modified by the revaluation of certain financial assets and liabilities and investment properties measured at fair value through profit or loss.
The financial statements are prepared in sterling, which is the functional currency of the entity.
Going concern
The directors have given assurances that they will continue to support the company, therefore the financial statements have been prepared on a going concern basis.
Judgements and key sources of estimation uncertainty
The preparation of the financial statements requires management to make judgements, estimates and assumptions that affect the amounts reported. These estimates and judgements are continually reviewed and are based on experience and other factors, including expectations of future events that are believed to be reasonable under the circumstances. There are not considered to be any judgements or accounting estimates or assumptions that have a significant impact on the financial statements.
Revenue recognition
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.
Financial instruments
The company only has financial assets and financial liabilities of a kind that qualify as basic financial instruments. Basic financial instruments are initially recognised at transaction value and subsequently measured at their settlement value.
4. DEBTORS
31 Oct 24
£
Other debtors
73
----
5. CREDITORS: amounts falling due within one year
31 Oct 24
£
Trade creditors
3,400
Other creditors
2,829
-------
6,229
-------
6. CALLED UP SHARE CAPITAL
Issued, called up and fully paid
31 Oct 24
No.
£
Ordinary A shares of £ 1 each
1
1
Ordinary B shares of £ 1 each
1
1
Ordinary C shares of £ 1 each
1
1
Ordinary D shares of £ 1 each
1
1
----
----
4
4
----
----
The Ordinary A, B, C and D £1 shares were issued at par on incorporation, 10 July 2023. The shares rank pari pasu.
7. DIRECTORS' ADVANCES, CREDITS AND GUARANTEES
During the year the directors had an unsecured interest free loan with the company. The directors loan account was in credit throughout the year and is repayable on demand.