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REGISTERED NUMBER: 05081429 (England and Wales)















Unaudited Financial Statements for the Year Ended 30 September 2024

for

Walkers Garage Limited

Walkers Garage Limited (Registered number: 05081429)






Contents of the Financial Statements
for the Year Ended 30 September 2024




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


Walkers Garage Limited

Company Information
for the Year Ended 30 September 2024







DIRECTORS: B S Smith
R L Smith





REGISTERED OFFICE: Sunnyside
South Otterington
NORTHALLERTON
North Yorkshire
DL7 9HT





REGISTERED NUMBER: 05081429 (England and Wales)





ACCOUNTANTS: King Hope
34 Romanby Road
NORTHALLERTON
North Yorkshire
DL7 8NF

Walkers Garage Limited (Registered number: 05081429)

Balance Sheet
30 September 2024

2024 2023
Notes £    £   
FIXED ASSETS
Intangible assets 4 1,467 1,712
Tangible assets 5 47,048 24,124
48,515 25,836

CURRENT ASSETS
Stocks 163,500 155,218
Debtors 6 71,710 60,188
Cash at bank and in hand 39,633 45,746
274,843 261,152
CREDITORS
Amounts falling due within one year 7 (119,415 ) (125,337 )
NET CURRENT ASSETS 155,428 135,815
TOTAL ASSETS LESS CURRENT
LIABILITIES

203,943

161,651

CREDITORS
Amounts falling due after more than one
year

8

(21,534

)

-

PROVISIONS FOR LIABILITIES 9 (5,612 ) (6,945 )
NET ASSETS 176,797 154,706

CAPITAL AND RESERVES
Called up share capital 100 100
Retained earnings 176,697 154,606
SHAREHOLDERS' FUNDS 176,797 154,706

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

The members have not required the company to obtain an audit of its financial statements for the year 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 Garage Limited (Registered number: 05081429)

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 26 June 2025 and were signed on its behalf by:





B S Smith - Director


Walkers Garage Limited (Registered number: 05081429)

Notes to the Financial Statements
for the Year Ended 30 September 2024

1. STATUTORY INFORMATION

Walkers Garage 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 2004, 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.

Website costs are being amortised evenly over their estimated useful life of ten years.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life or, if held under a finance lease, over the lease term, whichever is the shorter.
Plant and machinery - 25% on reducing balance
Motor vehicles - 25% 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.

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.

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.

Walkers Garage Limited (Registered number: 05081429)

Notes to the Financial Statements - continued
for the Year Ended 30 September 2024

2. ACCOUNTING POLICIES - continued

Hire purchase and leasing commitments
Assets obtained under hire purchase contracts or finance leases are capitalised in the balance sheet. Those held under hire purchase contracts are depreciated over their estimated useful lives. Those held under finance leases are depreciated over their estimated useful lives or the lease term, whichever is the shorter.

The interest element of these obligations is charged to profit or loss over the relevant period. The capital element of the future payments is treated as a liability.

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 6 (2023 - 6 ) .

4. INTANGIBLE FIXED ASSETS
Website
Goodwill costs Totals
£    £    £   
COST
At 1 October 2023
and 30 September 2024 65,000 2,447 67,447
AMORTISATION
At 1 October 2023 65,000 735 65,735
Amortisation for year - 245 245
At 30 September 2024 65,000 980 65,980
NET BOOK VALUE
At 30 September 2024 - 1,467 1,467
At 30 September 2023 - 1,712 1,712

5. TANGIBLE FIXED ASSETS
Plant and Motor
machinery vehicles Totals
£    £    £   
COST
At 1 October 2023 76,051 40,744 116,795
Additions 34,837 - 34,837
At 30 September 2024 110,888 40,744 151,632
DEPRECIATION
At 1 October 2023 59,172 33,499 92,671
Charge for year 10,101 1,812 11,913
At 30 September 2024 69,273 35,311 104,584
NET BOOK VALUE
At 30 September 2024 41,615 5,433 47,048
At 30 September 2023 16,879 7,245 24,124

The net book value of tangible fixed assets includes £ 26,067 in respect of assets held under finance leases.

Walkers Garage Limited (Registered number: 05081429)

Notes to the Financial Statements - continued
for the Year Ended 30 September 2024

6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Trade debtors 50,258 45,655
Other debtors 21,452 14,533
71,710 60,188

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Finance leases 4,533 -
Trade creditors 54,101 65,288
Amounts owed to group undertakings 10,400 10,400
Taxation and social security 24,567 9,588
Other creditors 25,814 40,061
119,415 125,337

8. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR
2024 2023
£    £   
Finance leases 21,534 -

9. PROVISIONS FOR LIABILITIES
2024 2023
£    £   
Deferred tax
Accelerated capital allowances 5,612 6,945

Deferred
tax
£   
Balance at 1 October 2023 6,945
Provided during year (1,333 )
Balance at 30 September 2024 5,612

10. PENSION COMMITMENTS

The company operates a defined contribution pension scheme. The assets of the scheme are held separately from those of the company in independently administered funds. The pension cost charge represents contributions payable by the company to the funds and amounted to £2,671 (2023 - £2,630). Outstanding contributions due to the funds at the year end were £210 (2023 - £298)

11. CONTINGENT LIABILITIES

The company has guaranteed the borrowings of its parent undertaking by granting a debenture over its assets.

Walkers Garage Limited (Registered number: 05081429)

Notes to the Financial Statements - continued
for the Year Ended 30 September 2024

12. DIRECTORS' ADVANCES, CREDITS AND GUARANTEES

The following advances and credits to a director subsisted during the years ended 30 September 2024 and 30 September 2023:

2024 2023
£    £   
B S Smith
Balance outstanding at start of year - -
Amounts advanced 1,780 -
Amounts repaid (1,592 ) -
Amounts written off - -
Amounts waived - -
Balance outstanding at end of year 188 -

The sum of £188 was owed to the company by a director at 30 September 2024 (2023: NIL) and is included in other debtors. The loan was repaid in by the director in June 2025.

13. RELATED PARTY DISCLOSURES

The company has taken advantage of exemption, under the terms of Financial Reporting Standard 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland', not to disclose related party transactions with wholly owned subsidiaries within the group.

The company has guaranteed the borrowings of its parent undertaking.

14. ULTIMATE CONTROLLING PARTY

The company is a wholly owned subsidiary of B&R Smith Ltd, a company registered in England and Wales. The ultimate controlling party is B S Smith by virtue of his controlling interest in the equity share capital of the parent undertaking.