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REGISTERED NUMBER: 07143265 (England and Wales)












Unaudited Financial Statements

for the Year Ended 28 February 2025

for

A Walters & Sons Limited

A Walters & Sons Limited (Registered number: 07143265)






Contents of the Financial Statements
for the Year Ended 28 February 2025




Page

Company Information 1

Abridged Balance Sheet 2

Notes to the Financial Statements 4


A Walters & Sons Limited

Company Information
for the Year Ended 28 February 2025







DIRECTORS: G W Bull
Mrs S C Bull





SECRETARY: Mrs S C Bull





REGISTERED OFFICE: 4 Netherwood Court
Allestree
Derby
Derbyshire
DE22 2NU





REGISTERED NUMBER: 07143265 (England and Wales)





ACCOUNTANTS: Bourne & Co.
Chartered Accountants
47a Queen Street
Derby
Derbyshire
DE1 3DE

A Walters & Sons Limited (Registered number: 07143265)

Abridged Balance Sheet
28 February 2025

2025 2024
Notes £    £    £    £   
FIXED ASSETS
Intangible assets 4 - -
Tangible assets 5 28,144 33,412
28,144 33,412

CURRENT ASSETS
Debtors 65,366 57,700
Cash at bank 421,845 333,240
487,211 390,940
CREDITORS
Amounts falling due within one year 69,187 57,196
NET CURRENT ASSETS 418,024 333,744
TOTAL ASSETS LESS CURRENT
LIABILITIES

446,168

367,156

PROVISIONS FOR LIABILITIES 7,056 4,724
NET ASSETS 439,112 362,432

CAPITAL AND RESERVES
Called up share capital 6 200 200
Retained earnings 438,912 362,232
SHAREHOLDERS' FUNDS 439,112 362,432

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 28 February 2025.

The members have not required the company to obtain an audit of its financial statements for the year ended 28 February 2025 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.

A Walters & Sons Limited (Registered number: 07143265)

Abridged Balance Sheet - continued
28 February 2025


The financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime.

All the members have consented to the preparation of an abridged Income Statement and an abridged Balance Sheet for the year ended 28 February 2025 in accordance with Section 444(2A) of the Companies Act 2006.

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 14 July 2025 and were signed on its behalf by:




G W Bull - Director



Mrs S C Bull - Director


A Walters & Sons Limited (Registered number: 07143265)

Notes to the Financial Statements
for the Year Ended 28 February 2025

1. STATUTORY INFORMATION

A Walters & Sons 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.

Goodwill
Goodwill, being the amount paid in connection with the acquisition of a business in 2010, 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 - 25% on reducing balance
Motor vehicles - 25% on reducing balance

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.

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 2 (2024 - 3 ) .

A Walters & Sons Limited (Registered number: 07143265)

Notes to the Financial Statements - continued
for the Year Ended 28 February 2025

4. INTANGIBLE FIXED ASSETS
Totals
£   
COST
At 1 March 2024
and 28 February 2025 150,000
AMORTISATION
At 1 March 2024
and 28 February 2025 150,000
NET BOOK VALUE

At 28 February 2025 -
At 29 February 2024 -

5. TANGIBLE FIXED ASSETS
Totals
£   
COST
At 1 March 2024 67,803
Additions 18,789
Disposals (30,996 )
At 28 February 2025 55,596
DEPRECIATION
At 1 March 2024 34,391
Charge for year 5,412
Eliminated on disposal (12,351 )
At 28 February 2025 27,452
NET BOOK VALUE
At 28 February 2025 28,144
At 29 February 2024 33,412

6. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 2025 2024
value: £    £   
200 Ordinary £1 200 200

7. DIRECTORS' ADVANCES, CREDITS AND GUARANTEES

The following advances and credits to directors subsisted during the years ended 28 February 2025 and 29 February 2024:

2025 2024
£    £   
G W Bull and Mrs S C Bull
Balance outstanding at start of year 6,304 -
Amounts advanced - 6,304
Amounts repaid (24,752 ) -
Amounts written off - -
Amounts waived - -
Balance outstanding at end of year (18,448 ) 6,304