Walker Lahive Limited

	Page
Balance Sheet	1—2
Notes to the Financial Statements	3—5

Registered number: 07409693

		2025		2024
	Notes	£	£	£	£
FIXED ASSETS
Intangible Assets	4		-		26,602
Tangible Assets	5		914		999

			914		27,601
CURRENT ASSETS
Debtors	6	148,482		262,690
Cash at bank and in hand		71,183		94,380

		219,665		357,070
Creditors: Amounts Falling Due Within One Year	7	(97,053 )		(128,937 )

NET CURRENT ASSETS (LIABILITIES)			122,612		228,133

TOTAL ASSETS LESS CURRENT LIABILITIES			123,526		255,734

Creditors: Amounts Falling Due After More Than One Year	8		(2,500 )		(12,420 )

NET ASSETS			121,026		243,314

CAPITAL AND RESERVES
Called up share capital	9		1,110		1,110
Profit and Loss Account			119,916		242,204

SHAREHOLDERS' FUNDS			121,026		243,314

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Walker Lahive Limited

Balance Sheet (continued)

As At 31 March 2025

For the year ending 31 March 2025 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

The members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.

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

These accounts have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime.

The company has taken advantage of section 444(1) of the Companies Act 2006 and opted not to deliver to the registrar a copy of the company's Profit and Loss Account.

On behalf of the board

Mr G R Kinchin Director	Mr W A Lahive Director
27 October 2025

The notes on pages 3 to 5 form part of these financial statements.

1. General Information

Walker Lahive Limited is a private company, limited by shares, incorporated in England & Wales, registered number 07409693 . The registered office is Office 33 Genesis Building , 235 Union Street, Plymouth, Devon, PL1 3HN.

2. Accounting Policies

2.1. Basis of Preparation of Financial Statements

The financial statements have been prepared under the historical cost convention and in accordance with Financial Reporting Standard 102 section 1A Small Entities "The Financial Reporting Standard applicable in the UK and Republic of Ireland" and the Companies Act 2006.

2.2. Turnover

Turnover is measured at the fair value of the consideration received or receivable, net of discounts and value added taxes. Turnover includes revenue earned from the rendering of services. Turnover is reduced for estimated customer rebates and other similar allowances.

Rendering of services

Turnover from the rendering of services is recognised by reference to the stage of completion of the contract. The stage of completion of a contract is measured by comparing the costs incurred for work performed to date to the total estimated contract costs. Turnover is only recognised to the extent of recoverable expenses when the outcome of a contract cannot be estimated reliably.

2.3. Intangible Fixed Assets and Amortisation - Goodwill

Goodwill is the difference between amounts paid on the acquisition of a business and the fair value of the separable net assets. It is amortised to the profit and loss account over its estimated economic life of 10 years.

2.4. Tangible Fixed Assets and Depreciation

Tangible fixed assets are measured at cost less accumulated depreciation and any accumulated impairment losses. Depreciation is provided at rates calculated to write off the cost of the fixed assets, less their estimated residual value, over their expected useful lives on the following bases:

Computer Equipment

33% straight line

2.5. Taxation

Income tax expense represents the sum of the tax currently payable.

The tax currently payable is based on taxable profit for the year. Taxable profit differs from profit as reported in the statement of comprehensive income because of items of income or expense that are taxable or deductible in other years and items that are never taxable or deductible. The company's liability for current tax is calculated using tax rates that have been enacted or substantively enacted by the end of the reporting period.

Current tax is recognised in profit or loss for the year, except when it relates to items that are recognised in other comprehensive income or directly in equity, in which case current and tax is recognised in other comprehensive income or directly in equity respectively.

3. Average Number of Employees

Average number of employees, including directors, during the year was: 5 (2024: 6)

4. Intangible Assets

	Goodwill
	£
Cost
As at 1 April 2024	332,582

As at 31 March 2025	332,582

Amortisation
As at 1 April 2024	305,980
Provided during the period	26,602

As at 31 March 2025	332,582

...CONTINUED

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Walker Lahive Limited

Notes to the Financial Statements (continued)

For The Year Ended 31 March 2025

Net Book Value
As at 31 March 2025	-

As at 1 April 2024	26,602

5. Tangible Assets

	Computer Equipment
	£
Cost
As at 1 April 2024	24,243
Additions	730

As at 31 March 2025	24,973

Depreciation
As at 1 April 2024	23,244
Provided during the period	815

As at 31 March 2025	24,059

Net Book Value
As at 31 March 2025	914

As at 1 April 2024	999

6. Debtors

	2025	2024
	£	£
Due within one year
Trade debtors	8,627	9,522
Amounts recoverable on contracts	11,565	17,043
Other debtors	128,290	236,125

	148,482	262,690

7. Creditors: Amounts Falling Due Within One Year

	2025	2024
	£	£
Trade creditors	5,464	13,324
Bank loans and overdrafts	10,000	10,080
Other creditors	6,544	8,510
Taxation and social security	75,045	97,023

	97,053	128,937

8. Creditors: Amounts Falling Due After More Than One Year

	2025	2024
	£	£
Bank loans	2,500	12,420

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Walker Lahive Limited

Notes to the Financial Statements (continued)

For The Year Ended 31 March 2025

9. Share Capital

	2025	2024
	£	£
Allotted, Called up and fully paid	1,110	1,110

10. Directors Advances, Credits and Guarantees

Included within Debtors are the following loans to directors:

	As at 1 April 2024	Amounts advanced	Amounts repaid	Amounts written off	As at 31 March 2025
	£	£	£	£	£
Mr Graham Kinchin	110,785	92,776	(147,508 )	-	56,053
Mr William Lahive	119,951	93,858	(147,508 )	-	66,300

Interest is charged at the HMRC recommended rate. Interest charged for 2025 was £5,086

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