Walder Sharp Ltd Filleted accounts for Companies House (small and micro)

COMPANY REGISTRATION NUMBER: 12405683

Walder Sharp Ltd

Filleted Unaudited Financial Statements

31 December 2024

Walder Sharp Ltd

Statement of Financial Position

31 December 2024

	2024	2023
Note	£	£

Fixed assets

Tangible assets	5	8,827	10,330

Current assets

Debtors	6	154,715	111,217
Cash at bank and in hand		287,392	233,713
		---------	---------
		442,107	344,930

Creditors: amounts falling due within one year	7	143,997	126,165
		---------	---------
Net current assets		298,110	218,765
		---------	---------
Total assets less current liabilities		306,937	229,095

Creditors: amounts falling due after more than one year	8	6,836	15,943
		---------	---------
Net assets		300,101	213,152
		---------	---------

Capital and reserves

Called up share capital	1	1
Profit and loss account	300,100	213,151
	---------	---------
Shareholder funds	300,101	213,152
	---------	---------

These financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies' regime and in accordance with Section 1A of FRS 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland'.

In accordance with section 444 of the Companies Act 2006, the statement of income and retained earnings has not been delivered.

For the 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.

Director's responsibilities:

- The member has not required the company to obtain an audit of its financial statements for the year in question in accordance with section 476 ;

- The director acknowledges his responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of financial statements .

Walder Sharp Ltd

Statement of Financial Position (continued)

31 December 2024

These financial statements were approved by the board of directors and authorised for issue on 26 September 2025 , and are signed on behalf of the board by:

J M Sharp
Director

Company registration number: 12405683

Walder Sharp Ltd

Notes to the Financial Statements

Year ended 31 December 2024

1. General information

The company is a private company limited by shares, registered in England and Wales. The address of the registered office is Suite 1, First floor, 1 Duchess Street, London, W1W 6AN.

2. Statement of compliance

These financial statements have been prepared in compliance with Section 1A of FRS 102, 'The Financial Reporting Standard applicable in the UK and the Republic of Ireland'.

3. Accounting policies

Basis of preparation

The financial statements have been prepared on the historical cost basis, as modified by the revaluation of certain financial assets and liabilities and investment properties measured at fair value through profit or loss.

The financial statements are prepared in sterling, which is the functional currency of the entity.

Revenue recognition

Turnover is measured at the fair value of the consideration received or receivable and represents amounts receivable for services rendered, stated net of discounts and of Value Added Tax.

Income tax

The taxation expense represents the aggregate amount of current recognised in the reporting period. Tax is recognised in profit or loss, except to the extent that it relates to items recognised in other comprehensive income or directly in equity. In this case, tax is recognised in other comprehensive income or directly in equity, respectively. Current tax is recognised on taxable profit for the current and past periods. Current tax is measured at the amounts of tax expected to pay or recover using the tax rates and laws that have been enacted or substantively enacted at the reporting date.

Tangible assets

Tangible assets are initially recorded at cost, and subsequently stated at cost less any accumulated depreciation and impairment losses. Any tangible assets carried at revalued amounts are recorded at the fair value at the date of revaluation less any subsequent accumulated depreciation and subsequent accumulated impairment losses.

Depreciation

Depreciation is calculated so as to write off the cost or valuation of an asset, less its residual value, over the useful economic life of that asset as follows:

Fixtures and fittings	-	33% straight line
Equipment	-	33% straight line

Financial instruments

A financial asset or a financial liability is recognised only when the entity becomes a party to the contractual provisions of the instrument. Basic financial instruments are initially recognised at the transaction price, unless the arrangement constitutes a financing transaction, where it is recognised at the present value of the future payments discounted at a market rate of interest for a similar debt instrument. Debt instruments are subsequently measured at amortised cost. Financial assets that are measured at cost or amortised cost are reviewed for objective evidence of impairment at the end of each reporting date. If there is objective evidence of impairment, an impairment loss is recognised in profit or loss immediately. Any reversals of impairment are recognised in profit or loss immediately, to the extent that the reversal does not result in a carrying amount of the financial asset that exceeds what the carrying amount would have been had the impairment not previously been recognised.

Defined contribution plans

Contributions to defined contribution plans are recognised as an expense in the period in which the related service is provided. Prepaid contributions are recognised as an asset to the extent that the prepayment will lead to a reduction in future payments or a cash refund. When contributions are not expected to be settled wholly within 12 months of the end of the reporting date in which the employees render the related service, the liability is measured on a discounted present value basis. The unwinding of the discount is recognised as a finance cost in profit or loss in the period in which it arises.

4. Employee numbers

The average number of persons employed by the company during the year amounted to 8 (2023: 8 ).

5. Tangible assets

	Fixtures and fittings	Equipment	Total
	£	£	£
Cost
At 1 January 2024	1,887	20,688	22,575
Additions	–	5,520	5,520
	-------	--------	--------
At 31 December 2024	1,887	26,208	28,095
	-------	--------	--------
Depreciation
At 1 January 2024	853	11,392	12,245
Charge for the year	–	7,023	7,023
	-------	--------	--------
At 31 December 2024	853	18,415	19,268
	-------	--------	--------
Carrying amount
At 31 December 2024	1,034	7,793	8,827
	-------	--------	--------
At 31 December 2023	1,034	9,296	10,330
	-------	--------	--------

6. Debtors

	2024	2023
	£	£
Trade debtors	107,102	80,085
Other debtors	47,613	31,132
	---------	---------
	154,715	111,217
	---------	---------

7. Creditors: amounts falling due within one year

	2024	2023
	£	£
Bank loans and overdrafts	9,807	10,200
Trade creditors	12,853	1,429
Corporation tax	66,908	48,277
Social security and other taxes	51,015	44,687
Other creditors	3,414	21,572
	---------	---------
	143,997	126,165
	---------	---------

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

	2024	2023
	£	£
Bank loans and overdrafts	6,836	15,943
	-------	--------

9. Director's advances, credits and guarantees

Included in Other debtors are amounts owed by the director at the year end of £9,300. The director received advances of £27,551 during the year and made repayments to the company of £18,251.