George A Walker Ltd - Accounts to registrar (filleted)

REGISTERED NUMBER: SC408989 (Scotland)

Financial Statements for the Year Ended 31 October 2024

for

George A Walker Ltd

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

4

DIRECTORS:

G A Walker

Mrs I B Walker

C Walker

D Walker

SECRETARY:

REGISTERED OFFICE:

Cairnfield

14 School Road

Balmullo

St. Andrews

Fife

KY16 0BD

REGISTERED NUMBER:

SC408989 (Scotland)

ACCOUNTANTS:

Monteaths

Cairnfield

14 School Road

Balmullo

St Andrews

Fife

KY16 0BD

FIXED ASSETS

Tangible assets

4

329,846

402,277

CURRENT ASSETS

Stocks

193,275

167,150

Debtors

5

2,433,693

2,420,927

Investments

6

2,422,426

2,283,270

Cash at bank

926,237

774,355

5,975,631

5,645,702

CREDITORS

Amounts falling due within one year

7

365,290

175,907

NET CURRENT ASSETS

5,610,341

5,469,795

TOTAL ASSETS LESS CURRENT
LIABILITIES

5,940,187

5,872,072

CAPITAL AND RESERVES

Called up share capital

90

Capital redemption reserve

10

Retained earnings

5,940,087

5,871,972

SHAREHOLDERS' FUNDS

5,940,187

5,872,072

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

The members have not required the company to obtain an audit of its financial statements for the year ended 31 October 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 Income Statement has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 1 April 2025 and were signed on its behalf by:

C Walker - Director

D Walker - Director

G A Walker - Director

Mrs I B Walker - Director

1.	STATUTORY INFORMATION

George A Walker Ltd is a private company, limited by shares , registered in Scotland. 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 etc

-

25% on reducing balance and 15% on reducing balance

Stocks

Stocks are valued at the lower of cost and net realisable value, after making due allowance for obsolete and slow moving items.

Hire purchase and leasing commitments

Rentals paid under operating leases are charged to profit or loss on a straight line basis over the period of the lease.

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 year was 8 (2023 - 8 ) .

4.	TANGIBLE FIXED ASSETS

Plant and

Land and

machinery

buildings

etc

Totals

£

COST

At 1 November 2023

2,750

896,967

899,717

Additions

-

7,197

Disposals

-

(20,780

)

(20,780

)

At 31 October 2024

2,750

883,384

886,134

DEPRECIATION

At 1 November 2023

-

497,440

Charge for year

-

78,458

Eliminated on disposal

-

(19,610

)

(19,610

)

At 31 October 2024

-

556,288

NET BOOK VALUE

At 31 October 2024

2,750

327,096

329,846

At 31 October 2023

2,750

399,527

402,277

5.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31.10.24

31.10.23

£

Trade debtors

2,279,860

2,337,999

Other debtors

153,833

82,928

2,433,693

2,420,927

6.	CURRENT ASSET INVESTMENTS

31.10.24

31.10.23

£

Other

2,422,426

2,283,270

7.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31.10.24

31.10.23

£

Bank loans and overdrafts

-

299

Trade creditors

164,792

24,574

Taxation and social security

110,287

61,256

Other creditors

90,211

89,778

365,290

175,907

8.	DIRECTORS' ADVANCES, CREDITS AND GUARANTEES

Included within creditors is a directors' loan balance of £74,466.04 (2023 - £73,321.05). The directors' loan is interest-free and has no fixed repayment terms.

9.	ULTIMATE CONTROLLING PARTY

The Company is controlled by its Directors