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REGISTERED NUMBER: 05028481 (England and Wales)












UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31ST DECEMBER 2024

FOR

WALKINSHAW PERFORMANCE LIMITED

WALKINSHAW PERFORMANCE LIMITED (REGISTERED NUMBER: 05028481)






CONTENTS OF THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31ST DECEMBER 2024




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


WALKINSHAW PERFORMANCE LIMITED

COMPANY INFORMATION
FOR THE YEAR ENDED 31ST DECEMBER 2024







DIRECTORS: K Page
S N T Walkinshaw





SECRETARY: K Page





REGISTERED OFFICE: Manufactory House
Bell Lane
Hertford
Hertfordshire
SG14 1BP





REGISTERED NUMBER: 05028481 (England and Wales)





ACCOUNTANTS: Cook & Partners Limited
Manufactory House
Bell Lane
Hertford
Hertfordshire
SG14 1BP

WALKINSHAW PERFORMANCE LIMITED (REGISTERED NUMBER: 05028481)

BALANCE SHEET
31ST DECEMBER 2024

2024 2023
Notes £    £    £    £   
FIXED ASSETS
Intangible assets 4 - -
Tangible assets 5 708 1,416
708 1,416

CURRENT ASSETS
Stocks 247,675 235,841
Debtors 6 90,110 65,018
Cash at bank 7,306 11,411
345,091 312,270
CREDITORS
Amounts falling due within one year 7 51,029 65,568
NET CURRENT ASSETS 294,062 246,702
TOTAL ASSETS LESS CURRENT
LIABILITIES

294,770

248,118

CREDITORS
Amounts falling due after more than one
year

8

616,987

604,264
NET LIABILITIES (322,217 ) (356,146 )

CAPITAL AND RESERVES
Called up share capital 900,000 900,000
Retained earnings (1,222,217 ) (1,256,146 )
SHAREHOLDERS' FUNDS (322,217 ) (356,146 )

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

The members have not required the company to obtain an audit of its financial statements for the year ended 31st December 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.

WALKINSHAW PERFORMANCE LIMITED (REGISTERED NUMBER: 05028481)

BALANCE SHEET - continued
31ST DECEMBER 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 Board of Directors and authorised for issue on 3rd June 2025 and were signed on its behalf by:





K Page - Director


WALKINSHAW PERFORMANCE LIMITED (REGISTERED NUMBER: 05028481)

NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31ST DECEMBER 2024

1. STATUTORY INFORMATION

Walkinshaw Performance 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

Accounting convention
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.

Going Concern Justification
The directors have assessed various factors and risks affecting the company and its ability in these difficult economic times to continue to trade as a going concern. The directors have not identified any material uncertainties or risks related to events or conditions that could affect the carrying values of the company's assets and liabilities as at the balance sheet date. Therefore the financial statements for the year ended 31 December 2024 have been prepared using the going concern basis of accounting.

Turnover
Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes.

Development costs
Development costs capitalised relate to race car development undertaken in 2014 and subsequently 2016 and have been amortised over the expected life of the asset which is deemed by the directors to be 5 years with no residual value.

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 - 25% on cost
Motor vehicles - 25% on cost
Computer equipment - 25% on cost

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

Foreign currencies
Assets and liabilities in foreign currencies are translated into sterling at the rates of exchange ruling at the balance sheet date. Transactions in foreign currencies are translated into sterling at the rate of exchange ruling at the date of transaction. Exchange differences are taken into account in arriving at the operating result.

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 4 (2023 - 5 ) .

WALKINSHAW PERFORMANCE LIMITED (REGISTERED NUMBER: 05028481)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31ST DECEMBER 2024

4. INTANGIBLE FIXED ASSETS
Development
costs
£   
COST
At 1st January 2024
and 31st December 2024 775,000
AMORTISATION
At 1st January 2024
and 31st December 2024 775,000
NET BOOK VALUE
At 31st December 2024 -
At 31st December 2023 -

5. TANGIBLE FIXED ASSETS
Fixtures
Plant and and Motor Computer
machinery fittings vehicles equipment Totals
£    £    £    £    £   
COST
At 1st January 2024
and 31st December 2024 13,880 22,780 53,794 9,535 99,989
DEPRECIATION
At 1st January 2024 13,880 21,364 53,794 9,535 98,573
Charge for year - 708 - - 708
At 31st December 2024 13,880 22,072 53,794 9,535 99,281
NET BOOK VALUE
At 31st December 2024 - 708 - - 708
At 31st December 2023 - 1,416 - - 1,416

6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Trade debtors 90,110 65,018

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Trade creditors 23,696 38,363
Social security and other taxes 7,486 11,151
VAT 16,247 12,454
Accrued expenses 3,600 3,600
51,029 65,568

WALKINSHAW PERFORMANCE LIMITED (REGISTERED NUMBER: 05028481)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31ST DECEMBER 2024

8. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
2024 2023
£    £   
Other creditors 616,987 604,264

9. ULTIMATE CONTROLLING PARTY

The ultimate controlling party is unknown.