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REGISTERED NUMBER: 06293338 (England and Wales)















Unaudited Financial Statements

for the Period 1 August 2023 to 30 September 2024

for

Walkers Solicitors Limited

Walkers Solicitors Limited (Registered number: 06293338)






Contents of the Financial Statements
for the Period 1 August 2023 to 30 September 2024




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


Walkers Solicitors Limited

Company Information
for the Period 1 August 2023 to 30 September 2024







DIRECTORS: I D F Bonney
Ms J Sime





REGISTERED OFFICE: 574 Bacup Road
Rossendale
Lancashire
BB4 7HB





REGISTERED NUMBER: 06293338 (England and Wales)





ACCOUNTANTS: Enigma Accountants Ltd
Office B5, Croft Myl
West Parade
Halifax
West Yorkshire
HX1 2EQ

Walkers Solicitors Limited (Registered number: 06293338)

Balance Sheet
30 September 2024

30.9.24 31.7.23
Notes £    £    £    £   
FIXED ASSETS
Intangible assets 4 - -
Tangible assets 5 3,923 4,749
3,923 4,749

CURRENT ASSETS
Debtors 6 433,129 461,017
Cash in hand 193 154
433,322 461,171
CREDITORS
Amounts falling due within one year 7 291,572 283,412
NET CURRENT ASSETS 141,750 177,759
TOTAL ASSETS LESS CURRENT LIABILITIES 145,673 182,508

CREDITORS
Amounts falling due after more than one
year

8

(20,910

)

(57,466

)

PROVISIONS FOR LIABILITIES (981 ) (1,092 )
NET ASSETS 123,782 123,950

CAPITAL AND RESERVES
Called up share capital 100 100
Share premium 9,980 9,980
Retained earnings 113,702 113,870
123,782 123,950

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

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

Walkers Solicitors Limited (Registered number: 06293338)

Balance Sheet - continued
30 September 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 Income Statement has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 30 April 2025 and were signed on its behalf by:




I D F Bonney - Director



Ms J Sime - Director


Walkers Solicitors Limited (Registered number: 06293338)

Notes to the Financial Statements
for the Period 1 August 2023 to 30 September 2024

1. STATUTORY INFORMATION

Walkers Solicitors 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 2007, 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 etc - 25% on reducing balance

Taxation
Taxation for the period 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 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.

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.

Walkers Solicitors Limited (Registered number: 06293338)

Notes to the Financial Statements - continued
for the Period 1 August 2023 to 30 September 2024

2. ACCOUNTING POLICIES - continued

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 10 (2023 - 9 ) .

4. INTANGIBLE FIXED ASSETS
Goodwill
£   
COST
At 1 August 2023
and 30 September 2024 138,000
AMORTISATION
At 1 August 2023
and 30 September 2024 138,000
NET BOOK VALUE
At 30 September 2024 -
At 31 July 2023 -

5. TANGIBLE FIXED ASSETS
Plant and
machinery
etc
£   
COST
At 1 August 2023 38,786
Additions 788
At 30 September 2024 39,574
DEPRECIATION
At 1 August 2023 34,037
Charge for period 1,614
At 30 September 2024 35,651
NET BOOK VALUE
At 30 September 2024 3,923
At 31 July 2023 4,749

Walkers Solicitors Limited (Registered number: 06293338)

Notes to the Financial Statements - continued
for the Period 1 August 2023 to 30 September 2024

6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
30.9.24 31.7.23
£    £   
Trade debtors 39,301 38,588
Amounts recoverable on contract 90,908 82,520
Other debtors 302,920 339,909
433,129 461,017

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
30.9.24 31.7.23
£    £   
Bank loans and overdrafts 108,635 107,089
Trade creditors 8,088 9,803
Taxation and social security 107,262 97,855
Other creditors 67,587 68,665
291,572 283,412

8. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR
30.9.24 31.7.23
£    £   
Bank loans 6,657 18,269
Other creditors 14,253 39,197
20,910 57,466

9. LEASING AGREEMENTS

Minimum lease payments under non-cancellable operating leases fall due as follows:
30.9.24 31.7.23
£    £   
Within one year 12,316 21,631
Between one and five years 16,527 32,449
28,843 54,080

10. SECURED DEBTS

The following secured debts are included within creditors:

30.9.24 31.7.23
£    £   
Bank overdrafts 98,635 97,089
Other loans 35,633 60,123
134,268 157,212

The bank overdraft is secured by a debenture held over the present and future assets of the company. Other loans are secured by personal guarantees from the directors.

Walkers Solicitors Limited (Registered number: 06293338)

Notes to the Financial Statements - continued
for the Period 1 August 2023 to 30 September 2024

11. DIRECTORS' ADVANCES, CREDITS AND GUARANTEES

The following advances and credits to a director subsisted during the period ended 30 September 2024 and the year ended 31 July 2023:

30.9.24 31.7.23
£    £   
Ms J Sime
Balance outstanding at start of period 270,704 268,621
Amounts advanced 59,744 49,145
Amounts repaid (103,374 ) (47,062 )
Amounts written off - -
Amounts waived - -
Balance outstanding at end of period 227,074 270,704

12. RELATED PARTY DISCLOSURES

As at 30 September 2024 the amounts due to the director were £14,457 (2023 £18,845). The loan is interest free and repayable on demand.