REGISTERED NUMBER: 09072896 (England and Wales)

Financial Statements

for the Year Ended 30th September 2024

for

WALTON PRESS LIMITED

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

4

DIRECTOR:

A Napodano

REGISTERED OFFICE:

Attenboroughs (Accountants) Limited

1 Tower House

Tower Centre

Hoddesdon

Hertfordshire

EN11 8UR

REGISTERED NUMBER:

09072896 (England and Wales)

ACCOUNTANTS:

Attenboroughs (Accountants) Limited

Chartered Certified Accountants

1 Tower House

Tower Centre

Hoddesdon

Hertfordshire

EN11 8UR

FIXED ASSETS

Intangible assets

4

-

33,333

Tangible assets

5

-

76,642

-

109,975

CURRENT ASSETS

Debtors

6

190

38,047

Cash at bank

-

2

190

38,049

CREDITORS

Amounts falling due within one year

7

163,688

201,545

NET CURRENT LIABILITIES

(163,498

)

(163,496

)

TOTAL ASSETS LESS CURRENT LIABILITIES

(163,498

)

(53,521

)

PROVISIONS FOR LIABILITIES

-

19,161

NET LIABILITIES

(163,498

)

(72,682

)

CAPITAL AND RESERVES

Called up share capital

8

2

2

Retained earnings

(163,500

)

(72,684

)

SHAREHOLDERS' FUNDS

(163,498

)

(72,682

)

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

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

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 11th February 2025 and were signed by:

A Napodano - Director

1.	STATUTORY INFORMATION

Walton Press 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.

Goodwill

Goodwill, being the amount paid in connection with the acquisition of a business in 2014, is being amortised evenly over its estimated useful life of ten years.

Intangible 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.

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

-

20% on reducing balance

Motor vehicles

-

20% on reducing balance

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.

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 NIL (2023 - 1 ).

4.	INTANGIBLE FIXED ASSETS

Goodwill

£

COST

At 1st October 2023

400,000

Disposals

(400,000

)

At 30th September 2024

-

AMORTISATION

At 1st October 2023

366,667

Eliminated on disposal

(366,667

)

At 30th September 2024

-

NET BOOK VALUE

At 30th September 2024

-

At 30th September 2023

33,333

5.	TANGIBLE FIXED ASSETS

Fixtures

Plant and

and

Motor

machinery

fittings

vehicles

Totals

£

£

£

£

COST

At 1st October 2023

144,988

3,397

12,078

160,463

Disposals

(144,988

)

(3,397

)

(12,078

)

(160,463

)

At 30th September 2024

-

-

-

-

DEPRECIATION

At 1st October 2023

80,182

1,223

2,416

83,821

Eliminated on disposal

(80,182

)

(1,223

)

(2,416

)

(83,821

)

At 30th September 2024

-

-

-

-

NET BOOK VALUE

At 30th September 2024

-

-

-

-

At 30th September 2023

64,806

2,174

9,662

76,642

6.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

30/9/24

30/9/23

£

£

Amounts owed by group undertakings

-

37,857

Other debtors

190

190

190

38,047

7.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

30/9/24

30/9/23

£

£

Amounts owed to group undertakings

162,143

200,000

Other creditors

1,545

1,545

163,688

201,545

8.	CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:

Number:

Class:

Nominal

30/9/24

30/9/23

value:

£

£

2

Ordinary

£1

2

2

9.	ULTIMATE CONTROLLING PARTY

The controlling party is A Napodano.