REGISTERED NUMBER: 04723732 (England and Wales)

UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31ST MARCH 2025

FOR

WALTERS TURKEYS LIMITED

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

4

DIRECTORS:

Mrs J M Walters

P E Walters

SECRETARY:

Mrs H Hurst

REGISTERED OFFICE:

Bower Farm

Bower Road

Aldworth

Reading

Berkshire

RG8 9TR

REGISTERED NUMBER:

04723732 (England and Wales)

ACCOUNTANTS:

Martin and Company

Two Brewers House

50 North Street

Thame

Oxfordshire

OX9 3BH

FIXED ASSETS

Intangible assets

4

170

340

Tangible assets

5

245,418

222,815

245,588

223,155

CURRENT ASSETS

Debtors

6

120,326

33,144

Cash at bank

519,176

528,500

639,502

561,644

CREDITORS

Amounts falling due within one year

7

87,839

94,599

NET CURRENT ASSETS

551,663

467,045

TOTAL ASSETS LESS CURRENT LIABILITIES

797,251

690,200

PROVISIONS FOR LIABILITIES

54,253

46,981

NET ASSETS

742,998

643,219

CAPITAL AND RESERVES

Called up share capital

100

100

Retained earnings

742,898

643,119

SHAREHOLDERS' FUNDS

742,998

643,219

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 22nd December 2025 and were signed on its behalf by:

Mrs J M Walters - Director

P E Walters - Director

1.	STATUTORY INFORMATION

Walters Turkeys 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.

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 is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes.

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.

Entitlements are being amortised evenly over their estimated useful life of five years.

Tangible fixed assets

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

Tenants improvements

-

10% on cost

Plant and machinery

-

15% on reducing balance

Computer equipment

-

25% on cost

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 balance sheet date.

Deferred tax

Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the balance sheet 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.

Hire purchase and leasing commitments

Rentals paid under operating leases are charged to profit or loss on a straight line basis over the period of the lease.

3.	EMPLOYEES AND DIRECTORS

The average number of employees during the year was 11 (2024 - 11 ) .

4.	INTANGIBLE FIXED ASSETS

Entitlements

£

COST

At 1st April 2024

and 31st March 2025

850

AMORTISATION

At 1st April 2024

510

Amortisation for year

170

At 31st March 2025

680

NET BOOK VALUE

At 31st March 2025

170

At 31st March 2024

340

5.	TANGIBLE FIXED ASSETS

Tenants

Plant and

Computer

improvements

machinery

equipment

Totals

£

£

£

£

COST

At 1st April 2024

94,381

392,917

11,161

498,459

Additions

-

79,371

-

79,371

Disposals

-

(30,819

)

-

(30,819

)

At 31st March 2025

94,381

441,469

11,161

547,011

DEPRECIATION

At 1st April 2024

59,490

205,369

10,785

275,644

Charge for year

6,483

31,873

252

38,608

Eliminated on disposal

-

(12,659

)

-

(12,659

)

At 31st March 2025

65,973

224,583

11,037

301,593

NET BOOK VALUE

At 31st March 2025

28,408

216,886

124

245,418

At 31st March 2024

34,891

187,548

376

222,815

6.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2025

2024

£

£

Other debtors

120,326

33,144

7.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2025

2024

£

£

Trade creditors

116

12,076

Taxation and social security

61,483

37,116

Other creditors

26,240

45,407

87,839

94,599