Walker Tex Limited - Filleted accounts

Registered number

05300837

Walker Tex Limited

Filleted Accounts

31 March 2025

Walker Tex Limited
Registered number:		05300837
Balance Sheet
as at 31 March 2025
Notes			2025			2024
£				£
Fixed assets
Intangible assets	3		36,000			45,000
Tangible assets	4		12,970			6,836
Investments	5		20,000			20,000
			68,970			71,836

Current assets
Stocks		19,964			19,278
Debtors	6	63,360			69,332
Cash at bank and in hand		21,752			7,110
		105,076			95,720

Creditors: amounts falling due within one year	7	(104,412)			(92,388)

Net current assets			664			3,332

Total assets less current liabilities			69,634			75,168


Provisions for liabilities			(1,537)			(372)


Net assets			68,097			74,796

Capital and reserves
Called up share capital			100			100
Profit and loss account			67,997			74,696

Shareholders' funds			68,097			74,796

The directors are satisfied that the company is entitled to exemption from the requirement to obtain an audit under section 477 of the Companies Act 2006.
The members have not required the company to obtain an audit in accordance with section 476 of the Act.
The directors acknowledge their responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of accounts.
The accounts have been prepared and delivered in accordance with the special provisions applicable to companies subject to the small companies regime. The profit and loss account has not been delivered to the Registrar of Companies.


Mr G J Robinson
Director
Approved by the board on 1 December 2025

Walker Tex Limited
Notes to the Accounts
for the year ended 31 March 2025


1	Accounting policies

	Basis of preparation
	The accounts have been prepared under the historical cost convention and in accordance with FRS 102, The Financial Reporting Standard applicable in the UK and Republic of Ireland (as applied to small entities by section 1A of the standard).

	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 sale of goods and from the rendering of services. Turnover from the sale of goods is recognised when the significant risks and rewards of ownership of the goods have transferred to the buyer. 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.

	Intangible fixed assets
	Intangible fixed assets are measured at cost less accumulative amortisation and any accumulative impairment losses.

	Goodwill	10% Straight Line

	Tangible fixed assets
	Tangible fixed assets are measured at cost less accumulative depreciation and any accumulative impairment losses. Depreciation is provided on all tangible fixed assets, other than freehold land, at rates calculated to write off the cost, less estimated residual value, of each asset evenly over its expected useful life, as follows:

	Plant and machinery	15% Reducing Balance
	Motor Vehicles	25% Reducing Balance

	Investments
	Investments in subsidiaries, associates and joint ventures are measured at cost less any accumulated impairment losses. Listed investments are measured at fair value. Unlisted investments are measured at fair value unless the value cannot be measured reliably, in which case they are measured at cost less any accumulated impairment losses. Changes in fair value are included in the profit and loss account.

	Stocks
	Stocks are measured at the lower of cost and estimated selling price less costs to complete and sell. Cost is determined using the first in first out method. The carrying amount of stock sold is recognised as an expense in the period in which the related revenue is recognised.

	Debtors
	Short term debtors are measured at transaction price (which is usually the invoice price), less any impairment losses for bad and doubtful debts. Loans and other financial assets are initially recognised at transaction price including any transaction costs and subsequently measured at amortised cost determined using the effective interest method, less any impairment losses for bad and doubtful debts.

	Creditors
	Short term creditors are measured at transaction price (which is usually the invoice price). Loans and other financial liabilities are initially recognised at transaction price net of any transaction costs and subsequently measured at amortised cost determined using the effective interest method.

	Taxation
	A current tax liability is recognised for the tax payable on the taxable profit of the current and past periods. A current tax asset is recognised in respect of a tax loss that can be carried back to recover tax paid in a previous period. Deferred tax is recognised in respect of all timing differences between the recognition of income and expenses in the financial statements and their inclusion in tax assessments. 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. Deferred tax is measured using the tax rates and laws that have been enacted or substantively enacted by the reporting date and that are expected to apply to the reversal of the timing difference, except for revalued land and investment property where the tax rate that applies to the sale of the asset is used. Current and deferred tax assets and liabilities are not discounted.

	Provisions
	Provisions (ie liabilities of uncertain timing or amount) are recognised when there is an obligation at the reporting date as a result of a past event, it is probable that economic benefit will be transferred to settle the obligation and the amount of the obligation can be estimated reliably.

	Foreign currency translation
	Transactions in foreign currencies are initially recognised at the rate of exchange ruling at the date of the transaction. At the end of each reporting period foreign currency monetary items are translated at the closing rate of exchange. Non-monetary items that are measured at historical cost are translated at the rate ruling at the date of the transaction. All differences are charged to profit or loss.

	Pensions
	Contributions to defined contribution plans are expensed in the period to which they relate.


2	Employees			2025		2024
Number					Number

	Average number of persons employed by the company			2		2


3	Intangible fixed assets					£
	Goodwill:

	Cost
	At 1 April 2024					90,000
	At 31 March 2025					90,000

	Amortisation
	At 1 April 2024					45,000
	Provided during the year					9,000
	At 31 March 2025					54,000

	Net book value
	At 31 March 2025					36,000
	At 31 March 2024					45,000

	Goodwill is being written off in equal annual instalments over its estimated economic life of 10 years.


4	Tangible fixed assets
		Plant and machinery etc		Motor vehicles		Total
£			£		£
	Cost
	At 1 April 2024	51,646		8,850		60,496
	Additions	-		22,594		22,594
	Disposals	-		(21,449)		(21,449)
	At 31 March 2025	51,646		9,995		61,641

	Depreciation
	At 1 April 2024	47,166		6,494		53,660
	Charge for the year	672		833		1,505
	On disposals	-		(6,494)		(6,494)
	At 31 March 2025	47,838		833		48,671

	Net book value
	At 31 March 2025	3,808		9,162		12,970
	At 31 March 2024	4,480		2,356		6,836


5	Investments
Investments in
subsidiary
undertakings
£
	Cost
	At 1 April 2024					20,000

	At 31 March 2025					20,000


6	Debtors			2025		2024
£					£

	Trade debtors			62,880		68,852
	Other debtors			480		480
				63,360		69,332


7	Creditors: amounts falling due within one year			2025		2024
£					£

	Trade creditors			79,281		60,762
	Taxation and social security costs			13,353		14,443
	Other creditors			11,778		17,183
				104,412		92,388


8	Related party transactions			2025		2024

	Directors Loan Account			£	£
	The directors are related parties to the company. The following balances were owed by the company to the related parties in loans that are short term, interest free, unsecured and repayable upon demand.

	Amounts due to the director:			7,500		12,500


9	Controlling party

	Mr D S McMaster is the controlling party by virtue of his majority shareholding in the company.


10	Other information

	Walker Tex Limited is a private company limited by shares and incorporated in England. Its registered office is:
	89 Chorley Road
	Swinton
	Manchester
	M27 4AA