REGISTERED NUMBER: 03766770 (England and Wales)

FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 DECEMBER 2024

FOR

WALO UK LIMITED

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

3

DIRECTOR:

W P Bertschinger

SECRETARY:

D T Baschung

REGISTERED OFFICE:

29 Weeping Cross

Stafford

Staffordshire

ST17 0DG

REGISTERED NUMBER:

03766770 (England and Wales)

AUDITORS:

Wallwork Nelson & Johnson

Chartered Accountants & Statutory Auditors

Chandler House

7 Ferry Road Office Park

Riversway

Preston

Lancashire

PR2 2YH

CURRENT ASSETS

Debtors

4

239,007

185,317

Cash at bank

556,042

591,730

795,049

777,047

CREDITORS

Amounts falling due within one year

5

12,531

8,373

NET CURRENT ASSETS

782,518

768,674

TOTAL ASSETS LESS CURRENT LIABILITIES

782,518

768,674

CAPITAL AND RESERVES

Called up share capital

6

100,000

100,000

Retained earnings

682,518

668,674

SHAREHOLDERS' FUNDS

782,518

768,674

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 director and authorised for issue on 14 February 2025 and were signed by:

W P Bertschinger - Director

1.	STATUTORY INFORMATION

Walo UK 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.

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.

Going concern

The director has a reasonable expectation that the company has adequate resources to continue in operational existence for the foreseeable future. Thus the going concern basis of accounting in preparing the annual financial statements has been adopted.

Amounts recoverable on contract

Profit on long term contracts is taken as the work is carried out, if the final outcome can be assessed with reasonable certainty. The profit included is calculated on a prudent basis to reflect the proportion of the work carried out by the year end by recording turnover and related costs as contract activity progresses. Turnover represents the value of work done for customers based on amounts certified during the year. Revenue derived from variations on contracts are only recognised when they have been accepted by the customers. Full provision is made for losses on all contracts in the year in which they are first foreseen.

3.	EMPLOYEES AND DIRECTORS

The average number of employees during the year was 3 (2023 - 3 ) .

4.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31/12/24

31/12/23

£

£

Other debtors

301

3,041

Amounts due from related parties

235,906

176,020

VAT

613

585

Deferred tax asset

-

5,671

Prepayments and accrued income

2,187

-

239,007

185,317

5.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31/12/24

31/12/23

£

£

Trade creditors

2,778

590

Tax

3,361

-

Social security and other taxes

-

2,588

Accrued expenses

6,392

5,195

12,531

8,373

6.	CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:

Number:

Class:

Nominal

31/12/24

31/12/23

value:

£

£

100,000

Ordinary

£1

100,000

100,000

7.	DISCLOSURE UNDER SECTION 444(5B) OF THE COMPANIES ACT 2006

The Report of the Auditors was unqualified.

IM Johnson FCCA (Senior Statutory Auditor)

for and on behalf of Wallwork Nelson & Johnson

8.	RELATED PARTY DISCLOSURES

During this year and the previous year, Walo UK Limited undertook transactions with its parent company, Walo International AG, and two fellow subsidiary undertakings, Walo Polska Sp. z o.o. and Walo Construction AG.

Included within amounts due from related parties is a balance due from Walo International AG of £NIL (2023: £147,020), a balance due from Walo Polska Sp. z o.o. of £132,453 (2023: £29,000) and a balance due from Walo Construction AG of £103,453 (2023: £NIL).