Company No: 02814178 (England and Wales)

Contents

• Balance Sheet
• Notes to the Financial Statements

	Note	2024		2023
		£		£
Fixed assets
Tangible assets	3	54,096		41,282
		54,096		41,282
Current assets
Stocks	4	18,821		61,560
Debtors	5	288,605		2,174,192
Cash at bank and in hand		483,318		483,117
		790,744		2,718,869
Creditors: amounts falling due within one year	6	( 649,615)		( 1,003,746)
Net current assets		141,129		1,715,123
Total assets less current liabilities		195,225		1,756,405
Creditors: amounts falling due after more than one year	7	0		( 72,207)
Net assets		195,225		1,684,198
Capital and reserves
Called-up share capital		10,000		10,000
Capital redemption reserve		1,247		1,247
Profit and loss account		183,978		1,672,951
Total shareholder's funds		195,225		1,684,198

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 member has not required the Company to obtain an audit of its financial statements for the financial year in accordance with section 476;
• The directors acknowledge their responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of financial statements; and
• These financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime and a copy of the Statement of Income and Retained Earnings has not been delivered.

The financial statements of The Walker Agency Limited (registered number: 02814178) were approved and authorised for issue by the Board of Directors on 02 September 2025. They were signed on its behalf by:

M F Clarke Director

1. Accounting policies

The principal accounting policies are summarised below. They have all been applied consistently throughout the financial year and to the preceding financial year, unless otherwise stated.

General information and basis of accounting

The Walker Agency Limited (the Company) is a private company, limited by shares, incorporated in the United Kingdom under the Companies Act 2006 and is registered in England and Wales. The address of the Company's registered office is 5 Poole Road, Bournemouth, BH2 5QL, United Kingdom.

The financial statements have been prepared under the historical cost convention, modified to include certain items at fair value, and in accordance with Section 1A of Financial Reporting Standard 102 (FRS 102) ‘The Financial Reporting Standard applicable in the UK and Republic of Ireland’ issued by the Financial Reporting Council and the requirements of the Companies Act 2006 as applicable to companies subject to the small companies regime.

The financial statements are presented in pounds sterling which is the functional currency of the Company and rounded to the nearest £.

Foreign currency

Transactions in foreign currencies are recorded at the rate of exchange at the date of the transaction. Monetary assets and liabilities denominated in foreign currencies at the Balance Sheet date are reported at the rates of exchange prevailing at that date.

Turnover

Turnover is stated net of VAT and trade discounts and is recognised when the significant risks and rewards are considered to have been transferred to the buyer. Revenue from services is recognised as they are delivered.

Employee benefits

Defined contribution schemes
A defined contribution plan is a pension plan under which fixed contributions are paid into a pension fund and the company has no legal or constructive obligation to pay further contributions even if the fund does not hold sufficient assets to pay all employees the benefits relating to employee service in the current and prior periods.

Contributions to defined contribution plans are recognised as employee benefit expense when they are due. If contribution payments exceed the contribution due for service, the excess is recognised as a prepayment.

Taxation

Current tax
Current tax is provided at amounts expected to be paid (or recoverable) using the tax rates and laws that have been enacted or substantively enacted at the Balance Sheet date.

Tangible fixed assets

Tangible fixed assets are stated at cost or valuation, net of depreciation and any provision for impairment. Depreciation is provided on all tangible fixed assets, other than investment property and freehold land, at rates calculated to write off the cost or valuation, less estimated residual value, of each asset on a straight-line basis over its expected useful life, as follows:

Leasehold improvements	7 years straight line
Vehicles	3 years straight line
Fixtures and fittings	4 years straight line
Computer equipment	4 years straight line

Residual value represents the estimated amount which would currently be obtained from disposal of an asset, after deducting estimated costs of disposal, if the asset were already of the age and in the condition expected at the end of its useful life.

Leases

The Company as lessee
Assets held under finance leases, hire purchase contracts and other similar arrangements, which confer rights and obligations similar to those attached to owned assets, are capitalised as tangible fixed assets at the fair value of the leased asset (or, if lower, the present value of the minimum lease payments as determined at the inception of the lease) and are depreciated over the shorter of the lease terms and their useful lives. The capital elements of future lease obligations are recorded as liabilities, while the interest elements are charged to the Statement of Income and Retained Earnings over the period of the leases to produce a constant periodic rate of interest on the remaining balance of the liability.

Rentals under operating leases are charged on a straight-line basis over the lease term, even if the payments are not made on such a basis. Benefits received and receivable as an incentive to sign an operating lease are similarly spread on a straight-line basis over the lease term.

Stocks

Stocks are stated at the lower of cost and estimated selling price less costs to sell, which is equivalent to the net realisable value. Cost includes materials, direct labour and an attributable proportion of manufacturing overheads based on normal levels of activity. Cost is calculated using the FIFO (first-in, first-out) method. Provision is made for obsolete, slow-moving or defective items where appropriate.

Financial instruments

Financial assets and financial liabilities are recognised when the Company becomes a party to the contractual provisions of the instrument.

Financial liabilities and equity instruments are classified according to the substance of the contractual arrangements entered into. An equity instrument is any contract that evidences a residual interest in the assets of the Company after deducting all of its liabilities.

Financial assets and liabilities are only offset in the Balance Sheet when, and only when there exists a legally enforceable right to set off the recognised amounts and the Company intends either to settle on a net basis, or to realise the asset and settle the liability simultaneously.

2. Employees

	2024		2023
	Number		Number
Monthly average number of persons employed by the Company during the year, including directors	23		22

3. Tangible assets

	Leasehold improve- ments		Vehicles		Fixtures and fittings		Computer equipment		Total
	£		£		£		£		£
Cost
At 01 January 2024	3,950		16,200		0		83,020		103,170
Additions	15,487		0		3,499		8,635		27,621
At 31 December 2024	19,437		16,200		3,499		91,655		130,791
Accumulated depreciation
At 01 January 2024	141		16,200		0		45,547		61,888
Charge for the financial year	1,741		0		602		12,464		14,807
At 31 December 2024	1,882		16,200		602		58,011		76,695
Net book value
At 31 December 2024	17,555		0		2,897		33,644		54,096
At 31 December 2023	3,809		0		0		37,473		41,282

4. Stocks

	2024		2023
	£		£
Work in progress	18,821		61,560

5. Debtors

	2024		2023
	£		£
Trade debtors	249,455		374,564
Amounts owed by Group undertakings	0		1,677,330
Other debtors	39,150		122,298
	288,605		2,174,192

6. Creditors: amounts falling due within one year

	2024		2023
	£		£
Bank loans (secured)	67,253		74,329
Trade creditors	40,605		104,499
Corporation tax	63,206		203,488
Other taxation and social security	129,719		115,888
Other creditors	348,832		505,542
	649,615		1,003,746

7. Creditors: amounts falling due after more than one year

	2024		2023
	£		£
Bank loans	0		72,207

8. Financial commitments

Commitments

Total future minimum lease payments under non-cancellable operating leases are as follows:

	2024		2023
	£		£
within one year	55,347		0
between one and five years	197,731		95,231
after five years	12,063		0
	265,141		95,231

9. Ultimate controlling party

Parent Company:

Walker Agency Group Ltd