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REGISTERED NUMBER: 01666440 (England and Wales)















Unaudited Financial Statements for the Year Ended 31 August 2024

for

Walsh (Vehicle Repairs) Limited

Walsh (Vehicle Repairs) Limited (Registered number: 01666440)






Contents of the Financial Statements
for the Year Ended 31 August 2024




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 3


Walsh (Vehicle Repairs) Limited

Company Information
for the Year Ended 31 August 2024







DIRECTORS: T Walsh
Mrs A J Walsh





SECRETARY: Mrs A J Walsh





REGISTERED OFFICE: Vermont House
High Street
Yeadon
Leeds
West Yorkshire
LS19 7AA





REGISTERED NUMBER: 01666440 (England and Wales)





ACCOUNTANTS: KJA Kilner Johnson Ltd
Network House
Stubs Beck Lane
Cleckheaton
BD19 4TT

Walsh (Vehicle Repairs) Limited (Registered number: 01666440)

Balance Sheet
31 August 2024

2024 2023
Notes £    £    £   
FIXED ASSETS
Tangible assets 4 63,523 70,178

CURRENT ASSETS
Stocks 2,500 2,231
Debtors 5 63,013 73,913
Cash at bank 93,205 53,066
158,718 129,210
CREDITORS
Amounts falling due within one year 6 64,756 53,002
NET CURRENT ASSETS 93,962 76,208
TOTAL ASSETS LESS CURRENT
LIABILITIES

157,485

146,386

CREDITORS
Amounts falling due after more than one year 7 (9,167 ) (19,167 )

PROVISIONS FOR LIABILITIES (4,186 ) (8,268 )
NET ASSETS 144,132 118,951

CAPITAL AND RESERVES
Called up share capital 100 100
Retained earnings 144,032 118,851
144,132 118,951

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

The members have not required the company to obtain an audit of its financial statements for the year ended 31 August 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 23 May 2025 and were signed on its behalf by:





T Walsh - Director


Walsh (Vehicle Repairs) Limited (Registered number: 01666440)

Notes to the Financial Statements
for the Year Ended 31 August 2024

1. STATUTORY INFORMATION

Walsh (Vehicle Repairs) 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.

The presentation currency of the financial statements is the Pound Sterling (£).


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.
Freehold property - 10% reducing balance
Fixtures and fittings - 15% reducing balance
Motor vehicles - 25% 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.

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 11 (2023 - 9 ) .

Walsh (Vehicle Repairs) Limited (Registered number: 01666440)

Notes to the Financial Statements - continued
for the Year Ended 31 August 2024

4. TANGIBLE FIXED ASSETS
Fixtures
Freehold and Motor
property fittings vehicles Totals
£    £    £    £   
COST
At 1 September 2023 13,796 103,799 44,290 161,885
Additions - - 7,250 7,250
At 31 August 2024 13,796 103,799 51,540 169,135
DEPRECIATION
At 1 September 2023 6,442 72,357 12,908 91,707
Charge for year 735 4,716 8,454 13,905
At 31 August 2024 7,177 77,073 21,362 105,612
NET BOOK VALUE
At 31 August 2024 6,619 26,726 30,178 63,523
At 31 August 2023 7,354 31,442 31,382 70,178

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Trade debtors 62,113 73,013
Other debtors 900 900
63,013 73,913

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Bank loans and overdrafts 10,000 10,000
Trade creditors 24,403 26,339
Taxation and social security 22,984 12,651
Other creditors 7,369 4,012
64,756 53,002

7. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR
2024 2023
£    £   
Bank loans 9,167 19,167

8. SECURED DEBTS

The following secured debts are included within creditors:

2024 2023
£    £   
Bank loans 19,167 29,167

Walsh (Vehicle Repairs) Limited (Registered number: 01666440)

Notes to the Financial Statements - continued
for the Year Ended 31 August 2024

9. DIRECTORS' ADVANCES, CREDITS AND GUARANTEES

The following advances and credits to a director subsisted during the years ended 31 August 2024 and 31 August 2023:

2024 2023
£    £   
T Walsh
Balance outstanding at start of year 301 301
Amounts repaid - -
Amounts written off - -
Amounts waived - -
Balance outstanding at end of year - 301