REGISTERED NUMBER: 04394749 (England and Wales)

UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31ST MARCH 2025

FOR

A & A WALTERS LIMITED

Page

Company Information

1

Chartered Certified Accountants' Report

2

Statement of Financial Position

3

Notes to the Financial Statements

5

DIRECTORS:

Mrs C D Walters

Mrs R E Hodges

J P Hodges

SECRETARY:

Mrs C D Walters

REGISTERED OFFICE:

The Old Manse

85 Dudley Road

Tipton

West Midlands

DY4 8ED

REGISTERED NUMBER:

04394749 (England and Wales)

ACCOUNTANTS:

French Ludlam & Co Limited

Mountfield House

661 High Street

Kingswinford

West Midlands

DY6 8AL

The following reproduces the text of the report prepared for the directors in respect of the company's annual unaudited financial statements. In accordance with the Companies Act 2006, the company is only required to file a Statement of Financial Position. Readers are cautioned that the Statement of Comprehensive Income and certain other primary statements and the Report of the Directors are not required to be filed with the Registrar of Companies.

In order to assist you to fulfil your duties under the Companies Act 2006, we have prepared for your approval the financial statements of A & A Walters Limited for the year ended 31st March 2025 which comprise the Income Statement, Statement of Financial Position, Statement of Changes in Equity and the related notes from the company's accounting records and from information and explanations you have given us.

As a practising member firm of the Association of Chartered Certified Accountants, we are subject to its ethical and other professional requirements which are detailed at accaglobal.com/rulebook.

This report is made solely to the Board of Directors of A & A Walters Limited, as a body, in accordance with our terms of engagement. Our work has been undertaken solely to prepare for your approval the financial statements of A & A Walters Limited and state those matters that we have agreed to state to the Board of Directors of A & A Walters Limited, as a body, in this report in accordance with the requirements of the Association of Chartered Certified Accountants as detailed at

https://www.accaglobal.com/gb/en/technical-activities/technical-resources-

search/2009/october/factsheet-163-audit-exempt-companies.html.

To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than the company and its Board of Directors, as a body, for our work or for this report.

It is your duty to ensure that A & A Walters Limited has kept adequate accounting records and to prepare statutory financial statements that give a true and fair view of the assets, liabilities, financial position and profit of A & A Walters Limited. You consider that A & A Walters Limited is exempt from the statutory audit requirement for the year.

We have not been instructed to carry out an audit or a review of the financial statements of A & A Walters Limited. For this reason, we have not verified the accuracy or completeness of the accounting records or information and explanations you have given to us and we do not, therefore, express any opinion on the statutory financial statements.

French Ludlam & Co Limited

Mountfield House

661 High Street

Kingswinford

West Midlands

DY6 8AL

9th December 2025

FIXED ASSETS

Intangible assets

4

-

-

Tangible assets

5

850,356

903,807

850,356

903,807

CURRENT ASSETS

Stocks

31,502

31,019

Debtors

6

169,496

403,492

Cash at bank and in hand

1,741,392

1,733,575

1,942,390

2,168,086

CREDITORS

Amounts falling due within one year

7

695,651

496,834

NET CURRENT ASSETS

1,246,739

1,671,252

TOTAL ASSETS LESS CURRENT LIABILITIES

2,097,095

2,575,059

PROVISIONS FOR LIABILITIES

24,134

31,109

NET ASSETS

2,072,961

2,543,950

CAPITAL AND RESERVES

Called up share capital

200

200

Retained earnings

2,072,761

2,543,750

SHAREHOLDERS' FUNDS

2,072,961

2,543,950

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31st March 2025.

The members have not required the company to obtain an audit of its financial statements for the year ended 31st March 2025 in accordance with Section 476 of the Companies Act 2006.

The directors acknowledge their responsibilities for:

(a)	ensuring that the company keeps accounting records which comply with Sections 386 and 387 of the Companies Act 2006 and

(b)

preparing financial statements which give a true and fair view of the state of affairs of the company as at the end of each financial year and of its profit or loss for each financial year in accordance with the requirements of Sections 394 and 395 and which otherwise comply with the requirements of the Companies Act 2006 relating to financial statements, so far as applicable to the company.

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 Board of Directors and authorised for issue on 9th December 2025 and were signed on its behalf by:

Mrs C D Walters - Director

1.	STATUTORY INFORMATION

A & A Walters 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.

The presentation currency of the financial statements is the Pound Sterling (£).

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.

Turnover

Turnover represents net invoiced sales of goods and services, excluding value added tax.

Goodwill

Goodwill, being the amount paid in connection with the acquisition of a business in 2002, has been fully written down.

Intangible assets

Intangible assets are initially measured at cost. After initial recognition, intangible assets are measured at cost less any accumulated amortisation and any accumulated impairment losses.

Tangible fixed assets

Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.

Freehold property

-

2% on cost

Improvements to property

-

over the period of the lease

Plant and equipment

-

20% on reducing balance

Fixtures and fittings

-

20% on reducing balance

Motor vehicles

-

25% on reducing balance

Stocks

Stocks are valued at the lower of cost and net realisable value, after making due allowance for obsolete and slow moving items.

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 statement of financial position date.

Deferred tax

Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the statement of financial position 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.

3.	EMPLOYEES AND DIRECTORS

The average number of employees during the year was 19 (2024 - 20 ) .

4.	INTANGIBLE FIXED ASSETS

Goodwill

£

COST

At 1st April 2024

and 31st March 2025

230,000

AMORTISATION

At 1st April 2024

and 31st March 2025

230,000

NET BOOK VALUE

At 31st March 2025

-

At 31st March 2024

-

5.	TANGIBLE FIXED ASSETS

Improvements

Freehold

to

Plant and

property

property

equipment

£

£

£

COST

At 1st April 2024

and 31st March 2025

777,818

196,716

84,484

DEPRECIATION

At 1st April 2024

58,263

196,716

65,384

Charge for year

9,876

-

3,820

At 31st March 2025

68,139

196,716

69,204

NET BOOK VALUE

At 31st March 2025

709,679

-

15,280

At 31st March 2024

719,555

-

19,100

Fixtures

and

Motor

fittings

vehicles

Totals

£

£

£

COST

At 1st April 2024

and 31st March 2025

149,606

801,005

2,009,629

DEPRECIATION

At 1st April 2024

118,907

666,552

1,105,822

Charge for year

6,140

33,615

53,451

At 31st March 2025

125,047

700,167

1,159,273

NET BOOK VALUE

At 31st March 2025

24,559

100,838

850,356

At 31st March 2024

30,699

134,453

903,807

Included in cost of land and buildings is freehold land of £ 284,000 (2024 - £ 284,000 ) which is not depreciated.

6.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2025

2024

£

£

Trade debtors

162,958

247,052

Other debtors

6,538

156,440

169,496

403,492

7.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2025

2024

£

£

Trade creditors

72,709

27,513

Taxation and social security

194,505

189,980

Other creditors

428,437

279,341

695,651

496,834

8.	DIRECTORS' ADVANCES, CREDITS AND GUARANTEES

The following advances and credits to directors subsisted during the years ended 31st March 2025 and 31st March 2024:

2025

2024

£

£

M E Walters and Mrs C D Walters

Balance outstanding at start of year

148,642

-

Amounts advanced

-

148,642

Amounts repaid

(148,642

)

-

Amounts written off

-

-

Amounts waived

-

-

Balance outstanding at end of year

-

148,642

Beneficial loan interest of £723 has been charged on the overdrawn directors' loan account. The interest rate used was 2.25% in line with HMRC's requirements. The loan was repayable on demand and was repaid in full on 8th July 2024.

9.	ULTIMATE CONTROLLING PARTY

On 22nd April 2022 the entire share capital of the company was aquired by A & A Walters Holdings Limited as a result of a share exchange with the existing shareholders.The company was therefore a wholly owned subsidiary of A & A Walters Holdings Limited at the balance sheet date.

The ultimate joint controlling parties of the group are Mrs R E Hodges and Mr J P Hodges, who are directors of both companies.

The registered address for both companies is The Old Manse, 85 Dudley Road, Tipton, West Midlands, DY4 8ED. Financial statements for both companies are available at Companies House, Crown Way, Cardiff CF14 3UZ.