The Wall Exchange Ltd Filleted accounts for Companies House (small and micro)

COMPANY REGISTRATION NUMBER: 14858397

THE WALL EXCHANGE LTD

FILLETED UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED

31 January 2025

THE WALL EXCHANGE LTD

STATEMENT OF FINANCIAL POSITION

31 January 2025

	2025	2024
Note	£	£

Fixed Assets

Tangible assets	5	67,391	–

Current Assets

Stocks		150,000	–
Debtors	6	12,442	–
Cash at bank and in hand		38,477	100
		----------	----
		200,919	100

Creditors: amounts falling due within one year	7	244,981	–
		----------	----
Net Current (Liabilities)/Assets		( 44,062)	100
		---------	----
Total Assets Less Current Liabilities		23,329	100
		---------	----
Net Assets		23,329	100
		---------	----

THE WALL EXCHANGE LTD

STATEMENT OF FINANCIAL POSITION (continued)

31 January 2025

	2025	2024
Note	£	£

Capital and Reserves

Called up share capital	100	100
Profit and loss account	23,229	–
	---------	----
Shareholders Funds	23,329	100
	---------	----

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 January 2025 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 financial statements for the year in question in accordance with section 476 ;

- The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of financial statements .

These financial statements were approved by the board of directors and authorised for issue on 17 September 2025 , and are signed on behalf of the board by:

D J Waterson

Director

Company registration number: 14858397

THE WALL EXCHANGE LTD

NOTES TO THE FINANCIAL STATEMENTS

YEAR ENDED 31 JANUARY 2025

1. General Information

The company is a private company limited by shares, registered in England and Wales. The address of the registered office is Unit C, Williamson Street, Hull, HU91EP.

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 for goods supplied and services rendered, net of discounts and Value Added Tax. Revenue from the sale of goods is recognised when the significant risks and rewards of ownership have transferred to the buyer (usually on despatch of the goods); the amount of revenue can be measured reliably; it is probable that the associated economic benefits will flow to the entity; and the costs incurred or to be incurred in respect of the transactions can be measured reliably.

Income Tax

The taxation expense represents the aggregate amount of current and deferred tax 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. An increase in the carrying amount of an asset as a result of a revaluation, is recognised in other comprehensive income and accumulated in equity, except to the extent it reverses a revaluation decrease of the same asset previously recognised in profit or loss. A decrease in the carrying amount of an asset as a result of revaluation, is recognised in other comprehensive income to the extent of any previously recognised revaluation increase accumulated in equity in respect of that asset. Where a revaluation decrease exceeds the accumulated revaluation gains accumulated in equity in respect of that asset, the excess shall be recognised in profit or loss.

Impairment of Fixed Assets

A review for indicators of impairment is carried out at each reporting date, with the recoverable amount being estimated where such indicators exist. Where the carrying value exceeds the recoverable amount, the asset is impaired accordingly. Prior impairments are also reviewed for possible reversal at each reporting date. For the purposes of impairment testing, when it is not possible to estimate the recoverable amount of an individual asset, an estimate is made of the recoverable amount of the cash-generating unit to which the asset belongs.

Stocks

Stocks are measured at the lower of cost and estimated selling price less costs to complete and sell. Cost includes all costs of purchase, costs of conversion and other costs incurred in bringing the stock to its present location and condition.

Government Grants

Government grants are recognised at the fair value of the asset received or receivable. Grants are not recognised until there is reasonable assurance that the company will comply with the conditions attaching to them and the grants will be received. Government grants are recognised using the accrual model and the performance model.

4. Employee Numbers

The average number of persons employed by the company during the year amounted to 6 (2024: Nil).

5. Tangible Assets

	Long leasehold property
	£
Cost
At 1 February 2024	–
Additions	67,391
	---------
At 31 January 2025	67,391
	---------
Depreciation
At 1 February 2024 and 31 January 2025	–
	---------
Carrying amount
At 31 January 2025	67,391
	---------
At 31 January 2024	–
	---------

6. Debtors

	2025	2024
	£	£
Trade debtors	11,942	–
Other debtors	500	–
	---------	----
	12,442	–
	---------	----

7. Creditors: amounts falling due within one year

	2025	2024
	£	£
Social security and other taxes	30,904	–
Other creditors	214,077	–
	----------	----
	244,981	–
	----------	----