W M Walton & Co Limited 00619181 false 2024-01-01 2024-12-31 2024-12-31 The principal activity of the company is the publishing of periodicals Digita Accounts Production Advanced 6.30.9574.0 true 00619181 2024-01-01 2024-12-31 00619181 2024-12-31 00619181 core:OtherReservesSubtotal 2024-12-31 00619181 core:RetainedEarningsAccumulatedLosses 2024-12-31 00619181 core:ShareCapital 2024-12-31 00619181 core:FinancialAssetsDesignatedFairValueThroughProfitOrLoss core:Non-currentFinancialInstruments 2024-12-31 00619181 core:CurrentFinancialInstruments core:WithinOneYear 2024-12-31 00619181 bus:SmallEntities 2024-01-01 2024-12-31 00619181 bus:AuditExemptWithAccountantsReport 2024-01-01 2024-12-31 00619181 bus:FilletedAccounts 2024-01-01 2024-12-31 00619181 bus:SmallCompaniesRegimeForAccounts 2024-01-01 2024-12-31 00619181 bus:RegisteredOffice 2024-01-01 2024-12-31 00619181 bus:Director1 2024-01-01 2024-12-31 00619181 bus:PrivateLimitedCompanyLtd 2024-01-01 2024-12-31 00619181 countries:England 2024-01-01 2024-12-31 00619181 2023-01-01 2023-12-31 00619181 2023-12-31 00619181 core:OtherReservesSubtotal 2023-12-31 00619181 core:RetainedEarningsAccumulatedLosses 2023-12-31 00619181 core:ShareCapital 2023-12-31 00619181 core:CurrentFinancialInstruments core:WithinOneYear 2023-12-31 iso4217:GBP xbrli:pure

Registration number: 00619181

W M Walton & Co Limited

Unaudited Filleted Financial Statements

for the Year Ended 31 December 2024

 

W M Walton & Co Limited

Contents

Balance Sheet

1

Notes to the Unaudited Financial Statements

2 to 3

 

W M Walton & Co Limited

(Registration number: 00619181)
Balance Sheet as at 31 December 2024

Note

2024
£

2023
£

Fixed assets

 

Other financial assets

4

473,317

535,635

Current assets

 

Cash at bank and in hand

 

46,419

7,323

Creditors: Amounts falling due within one year

5

(227,955)

(218,597)

Net current liabilities

 

(181,536)

(211,274)

Total assets less current liabilities

 

291,781

324,361

Provisions for liabilities

(56)

(2,104)

Net assets

 

291,725

322,257

Capital and reserves

 

Called up share capital

10,000

10,000

Other reserves

98,717

91,681

Retained earnings

183,008

220,576

Shareholders' funds

 

291,725

322,257

For the financial year ending 31 December 2024 the Company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

Directors' responsibilities:

The members have not required the Company to obtain an audit of its accounts for the year in question in accordance with section 476; and

The Directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.

These financial statements have been prepared in accordance with the special provisions relating to companies subject to the small companies regime within Part 15 of the Companies Act 2006.

These financial statements have been delivered in accordance with the provisions applicable to companies subject to the small companies regime. As permitted by section 444 (5A) of the Companies Act 2006, the Directors have not delivered to the registrar a copy of the Profit and Loss Account.

Approved and authorised by the Board on 1 August 2025 and signed on its behalf by:
 

.........................................
T C Aspinall
Director

 

W M Walton & Co Limited

Notes to the Unaudited Financial Statements for the Year Ended 31 December 2024

1

General information

The Company is a private company limited by share capital, incorporated in England.

The address of its registered office is:
110 Bargate
Grimsby
North East Lincs
DN34 5AB

These financial statements were authorised for issue by the Board on 1 August 2025.

2

Accounting policies

Summary of significant accounting policies and key accounting estimates

The principal accounting policies applied in the preparation of these financial statements are set out below. These policies have been consistently applied to all the years presented, unless otherwise stated.

Statement of compliance

These financial statements have been prepared in accordance with Financial Reporting Standard 102 Section 1A - 'The Financial Reporting Standard applicable in the UK and Republic of Ireland' and the Companies Act 2006.

Basis of preparation

These financial statements have been prepared using the historical cost convention except that as disclosed in the accounting policies certain items are shown at fair value.

The financial statements are prepared in sterling which is the functional currency of the company and have been rounded to the nearest pound.

Revenue recognition

Turnover comprises the fair value of the consideration received or receivable for the sale of goods and provision of services in the ordinary course of the Company’s activities. Turnover is shown net of sales/value added tax, returns, rebates and discounts.

The Company recognises revenue when:
The amount of revenue can be reliably measured;
it is probable that future economic benefits will flow to the entity;
and specific criteria have been met for each of the Company's activities.

Tax

The tax expense for the period comprises deferred tax. Tax is recognised in profit or loss, except that a change attributable to an item of income or expense recognised as other comprehensive income is also recognised directly in other comprehensive income.

Deferred income tax is recognised on temporary differences arising between the tax bases of assets and liabilities and their carrying amounts in the financial statements and on unused tax losses or tax credits in the Company. Deferred income tax is determined using tax rates and laws that have been enacted or substantively enacted by the reporting date.

The carrying amount of deferred tax assets are reviewed at each reporting date and a valuation allowance is set up against deferred tax assets so that the net carrying amount equals the highest amount that is more likely than not to be recovered based on current or future taxable profit.

 

W M Walton & Co Limited

Notes to the Unaudited Financial Statements for the Year Ended 31 December 2024

Investments

Investments in equity shares which are publicly traded or where the fair value can be measured reliably are initially measured at fair value, with changes in the fair value recognised in profit or loss.

Investments in equity shares which are not publicly traded and where fair value cannot be measured reliably are measured at cost less impairment.

Interest income on debt securities, where applicable, is recognised in income using the effective interest method. Dividends on equity securities are recognised in income when receivable.

Cash and cash equivalents

Cash and cash equivalents comprise cash on hand and call deposits, and other short-term highly liquid investments that are readily convertible to a known amount of cash and are subject to an insignificant risk of change in value.

3

Staff numbers

The average number of persons employed by the Company (including Directors) during the year, was 2 (2023 - 2).

4

Other financial assets (current and non-current)

Financial assets at fair value through profit and loss
£

Total
£

Non-current financial assets

Cost or valuation

At 1 January 2024

535,635

535,635

Fair value adjustments

15,869

15,869

Additions

265,042

265,042

Disposals

(343,229)

(343,229)

At 31 December 2024

473,317

473,317

Impairment

Carrying amount

At 31 December 2024

473,317

473,317

5

Creditors

Creditors: amounts falling due within one year

2024
£

2023
£

Due within one year

Accruals and deferred income

3,432

3,000

Other creditors

224,523

215,597

227,955

218,597