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REGISTERED NUMBER: 10989096 (England and Wales)















UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31ST OCTOBER 2024

FOR

WALKER GABBOTT ELECTRICAL LIMITED

WALKER GABBOTT ELECTRICAL LIMITED (REGISTERED NUMBER: 10989096)

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










Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


WALKER GABBOTT ELECTRICAL LIMITED

COMPANY INFORMATION
FOR THE YEAR ENDED 31ST OCTOBER 2024







DIRECTORS: D J Gabbott
S Walker
L A Halton





REGISTERED OFFICE: Unit 3G Eaton Point
Matrix Park
Eaton Avenue
Buckshaw
Lancashire
PR7 7NA





REGISTERED NUMBER: 10989096 (England and Wales)





ACCOUNTANTS: Ainsworths Limited
Charter House
Stansfield Street
Nelson
Lancashire
BB9 9XY

WALKER GABBOTT ELECTRICAL LIMITED (REGISTERED NUMBER: 10989096)

BALANCE SHEET
31ST OCTOBER 2024

31.10.24 31.10.23
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 55,423 73,695

CURRENT ASSETS
Stocks 5,000 2,000
Debtors 5 412,584 142,368
Cash at bank and in hand 126,285 173,509
543,869 317,877
CREDITORS
Amounts falling due within one year 6 254,971 149,562
NET CURRENT ASSETS 288,898 168,315
TOTAL ASSETS LESS CURRENT
LIABILITIES

344,321

242,010

CREDITORS
Amounts falling due after more than one
year

7

(1,853

)

(9,544

)

PROVISIONS FOR LIABILITIES (13,856 ) (18,424 )
NET ASSETS 328,612 214,042

CAPITAL AND RESERVES
Called up share capital 1,025 1,025
Retained earnings 327,587 213,017
328,612 214,042

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

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

WALKER GABBOTT ELECTRICAL LIMITED (REGISTERED NUMBER: 10989096)

BALANCE SHEET - continued
31ST OCTOBER 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 3rd April 2025 and were signed on its behalf by:





S Walker - Director


WALKER GABBOTT ELECTRICAL LIMITED (REGISTERED NUMBER: 10989096)

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


1. STATUTORY INFORMATION

Walker Gabbott Electrical 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.

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 - 15% on reducing balance
Motor vehicles - 25% on reducing balance
Computer equipment - 33% 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.

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
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.

WALKER GABBOTT ELECTRICAL LIMITED (REGISTERED NUMBER: 10989096)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31ST OCTOBER 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 year was 8 (2023 - 8 ) .

4. TANGIBLE FIXED ASSETS
Plant and Motor Computer
machinery vehicles equipment Totals
£    £    £    £   
COST
At 1st November 2023 1,450 111,327 2,054 114,831
Additions 316 - - 316
At 31st October 2024 1,766 111,327 2,054 115,147
DEPRECIATION
At 1st November 2023 903 39,421 812 41,136
Charge for year 98 17,977 513 18,588
At 31st October 2024 1,001 57,398 1,325 59,724
NET BOOK VALUE
At 31st October 2024 765 53,929 729 55,423
At 31st October 2023 547 71,906 1,242 73,695

Fixed assets, included in the above, which are held under hire purchase contracts are as follows:
Motor
vehicles
£   
COST
At 1st November 2023
and 31st October 2024 75,537
DEPRECIATION
At 1st November 2023 18,644
Charge for year 14,224
At 31st October 2024 32,868
NET BOOK VALUE
At 31st October 2024 42,669
At 31st October 2023 56,893

WALKER GABBOTT ELECTRICAL LIMITED (REGISTERED NUMBER: 10989096)

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


5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.10.24 31.10.23
£    £   
Trade debtors 238,139 118,457
Other debtors 174,445 23,911
412,584 142,368

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.10.24 31.10.23
£    £   
Hire purchase contracts 7,690 10,705
Trade creditors 100,225 46,762
Taxation and social security 143,446 71,182
Other creditors 3,610 20,913
254,971 149,562

7. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
31.10.24 31.10.23
£    £   
Hire purchase contracts 1,853 9,544

8. SECURED DEBTS

The following secured debts are included within creditors:

31.10.24 31.10.23
£    £   
Hire purchase contracts 9,543 20,249

Hire purchase contracts are secured on the assets to which they relate.