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REGISTERED NUMBER: 04300541 (England and Wales)















Financial Statements for the Period 1 November 2023 to 28 October 2024

for

Trevor Walker & Sons Limited

Trevor Walker & Sons Limited (Registered number: 04300541)

Contents of the Financial Statements
for the Period 1 November 2023 to 28 October 2024










Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


Trevor Walker & Sons Limited

Company Information
for the Period 1 November 2023 to 28 October 2024







DIRECTOR: T M Walker





SECRETARY: S J Walker





REGISTERED OFFICE: Suites 5 & 6 The Printworks
Hey Road,
Barrow
Clitheroe
Lancashire
BB7 9WB





REGISTERED NUMBER: 04300541 (England and Wales)





ACCOUNTANTS: Bennett Kirkhope Smith
Chartered Certified Accountants
Suites 5 & 6 The Printworks
Hey Road
Barrow
Clitheroe
Lancashire
BB7 9WB

Trevor Walker & Sons Limited (Registered number: 04300541)

Balance Sheet
28 October 2024

28.10.24 31.10.23
Notes £    £    £    £   
FIXED ASSETS
Intangible assets 4 1,016 1,016
Tangible assets 5 684,593 620,650
685,609 621,666

CURRENT ASSETS
Debtors 6 196,904 199,244
Cash at bank 474,033 478,025
670,937 677,269
CREDITORS
Amounts falling due within one year 7 295,196 334,030
NET CURRENT ASSETS 375,741 343,239
TOTAL ASSETS LESS CURRENT
LIABILITIES

1,061,350

964,905

CREDITORS
Amounts falling due after more than one
year

8

(60,975

)

(63,048

)

PROVISIONS FOR LIABILITIES 10 (199,194 ) (183,209 )
NET ASSETS 801,181 718,648

CAPITAL AND RESERVES
Called up share capital 11 110 110
Retained earnings 801,071 718,538
SHAREHOLDERS' FUNDS 801,181 718,648

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the period ended 28 October 2024.

The members have not required the company to obtain an audit of its financial statements for the period ended 28 October 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.

Trevor Walker & Sons Limited (Registered number: 04300541)

Balance Sheet - continued
28 October 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 director and authorised for issue on 19 March 2025 and were signed by:





T M Walker - Director


Trevor Walker & Sons Limited (Registered number: 04300541)

Notes to the Financial Statements
for the Period 1 November 2023 to 28 October 2024


1. STATUTORY INFORMATION

Trevor Walker & Sons 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.

Intangible fixed assets
Intangible assets are initially measured at cost. After initial recognition, intangible assets are measured at cost less any accumulated amortisation and any accumulated impairment losses.

Personalised number plates are not amortised as generally it is considered that they will increase in value and instead an annual impairment review is carried out.

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.
Fixtures & equipment - 20% on reducing balance
Motor vehicles - 20% on reducing balance
Computer equipment - Straight line over 3 years

Taxation
Taxation for the period 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 period 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.

Trevor Walker & Sons Limited (Registered number: 04300541)

Notes to the Financial Statements - continued
for the Period 1 November 2023 to 28 October 2024


2. ACCOUNTING POLICIES - continued

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.

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.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the period was 5 (2023 - 5 ) .

4. INTANGIBLE FIXED ASSETS
Other
intangible
assets
£   
COST
At 1 November 2023
and 28 October 2024 1,016
NET BOOK VALUE
At 28 October 2024 1,016
At 31 October 2023 1,016

5. TANGIBLE FIXED ASSETS
Fixtures Motor Computer
& equipment vehicles equipment Totals
£    £    £    £   
COST
At 1 November 2023 9,421 979,481 5,221 994,123
Additions - 222,999 - 222,999
Disposals - (40,500 ) - (40,500 )
At 28 October 2024 9,421 1,161,980 5,221 1,176,622
DEPRECIATION
At 1 November 2023 8,568 361,656 3,249 373,473
Charge for period 170 151,357 847 152,374
Eliminated on disposal - (33,818 ) - (33,818 )
At 28 October 2024 8,738 479,195 4,096 492,029
NET BOOK VALUE
At 28 October 2024 683 682,785 1,125 684,593
At 31 October 2023 853 617,825 1,972 620,650

Trevor Walker & Sons Limited (Registered number: 04300541)

Notes to the Financial Statements - continued
for the Period 1 November 2023 to 28 October 2024


5. TANGIBLE FIXED ASSETS - continued

Fixed assets, included in the above, which are held under hire purchase contracts are as follows:
Motor
vehicles
£   
COST
At 1 November 2023 645,205
Additions 198,665
Transfer to ownership (202,715 )
At 28 October 2024 641,155
DEPRECIATION
At 1 November 2023 205,563
Charge for period 109,736
Transfer to ownership (109,184 )
At 28 October 2024 206,115
NET BOOK VALUE
At 28 October 2024 435,040
At 31 October 2023 439,642

6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
28.10.24 31.10.23
£    £   
Trade debtors 193,528 197,884
Other debtors 1,058 257
Prepayments 2,318 1,103
196,904 199,244

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
28.10.24 31.10.23
£    £   
Hire purchase contracts 75,609 81,620
Corporation tax 24,294 24,076
Social security and other taxes - 4,331
VAT 49,349 69,412
Directors' current accounts 82,007 96,680
Accrued expenses 63,937 57,911
295,196 334,030

8. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
28.10.24 31.10.23
£    £   
Hire purchase contracts 60,975 63,048

Trevor Walker & Sons Limited (Registered number: 04300541)

Notes to the Financial Statements - continued
for the Period 1 November 2023 to 28 October 2024


9. SECURED DEBTS

The following secured debts are included within creditors:

28.10.24 31.10.23
£    £   
Hire purchase contracts 136,584 144,668

The hire purchase liabilities are secured on the assets to which they relate.

10. PROVISIONS FOR LIABILITIES
28.10.24 31.10.23
£    £   
Deferred tax 199,194 183,209

Deferred
tax
£   
Balance at 1 November 2023 183,209
Utilised during period 15,985
Balance at 28 October 2024 199,194

11. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 28.10.24 31.10.23
value: £    £   
100 Ordinary £1 100 100
10 B Ordinary £1 10 10
110 110