REGISTERED NUMBER: 04805400 (England and Wales)

Unaudited Financial Statements

for the Year Ended 31 March 2025

for

Andrew Wallbank Limited

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

4

DIRECTORS:

Mr A Wallbank

Mrs J E Wallbank

Mr S Wallbank

REGISTERED OFFICE:

Prescott House

Runshaw Lane

Euxton

Chorley

Lancashire

PR7 6HA

REGISTERED NUMBER:

04805400 (England and Wales)

ACCOUNTANTS:

McDade Roberts Accountants Limited

316 Blackpool Road

Fulwood

Preston

Lancashire

PR2 3AE

FIXED ASSETS

Tangible assets

4

644,285

586,023

CURRENT ASSETS

Stocks

171,736

134,175

Debtors

5

556,173

383,036

Cash at bank and in hand

62,963

96,781

790,872

613,992

CREDITORS

Amounts falling due within one year

6

592,957

529,519

NET CURRENT ASSETS

197,915

84,473

TOTAL ASSETS LESS CURRENT LIABILITIES

842,200

670,496

CREDITORS

Amounts falling due after more than one year

7

(6,571

)

(55,325

)

PROVISIONS FOR LIABILITIES

(160,572

)

(146,006

)

NET ASSETS

675,057

469,165

CAPITAL AND RESERVES

Called up share capital

84

84

Retained earnings

674,973

469,081

SHAREHOLDERS' FUNDS

675,057

469,165

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

The members have not required the company to obtain an audit of its financial statements for the year ended 31 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 18 December 2025 and were signed on its behalf by:

Mr A Wallbank - Director

1.	STATUTORY INFORMATION

Andrew Wallbank 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.

Tangible fixed assets

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

Plant and machinery

-

20% on reducing balance

Fixtures and fittings

-

10% on reducing balance

Motor vehicles

-

10% 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 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

Assets obtained under hire purchase contracts or finance leases are capitalised in the balance sheet. Those held under hire purchase contracts are depreciated over their estimated useful lives. Those held under finance leases are depreciated over their estimated useful lives or the lease term, whichever is the shorter.

The interest element of these obligations is charged to profit or loss over the relevant period. The capital element of the future payments is treated as a liability.

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

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 105 (2024 - 92 ) .

4.	TANGIBLE FIXED ASSETS

Improvements

Fixtures

to

Plant and

and

Motor

property

machinery

fittings

vehicles

Totals

£

£

£

£

£

COST

At 1 April 2024

2,000

46,082

12,335

1,321,304

1,381,721

Additions

-

2,271

400

214,428

217,099

Disposals

-

-

-

(123,464

)

(123,464

)

At 31 March 2025

2,000

48,353

12,735

1,412,268

1,475,356

DEPRECIATION

At 1 April 2024

-

13,526

10,433

771,738

795,697

Charge for year

-

6,966

231

78,349

85,546

Eliminated on disposal

-

-

-

(50,172

)

(50,172

)

At 31 March 2025

-

20,492

10,664

799,915

831,071

NET BOOK VALUE

At 31 March 2025

2,000

27,861

2,071

612,353

644,285

At 31 March 2024

2,000

32,556

1,902

549,566

586,024

Fixed assets held under hire purchase contracts and included in the above have a net book value of £88,006.

5.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31.3.25

31.3.24

£

£

Trade debtors

536,278

383,036

Other debtors

19,895

-

556,173

383,036

6.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31.3.25

31.3.24

£

£

Bank loans and overdrafts

10,000

10,000

Hire purchase contracts (see note 8)

34,320

64,696

Trade creditors

56,570

37,627

Taxation and social security

314,958

264,200

Other creditors

177,109

152,996

592,957

529,519

7.

CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR

31.3.25

31.3.24

£

£

Bank loans

5,263

15,396

Hire purchase contracts (see note 8)

1,308

39,929

6,571

55,325

8.	LEASING AGREEMENTS

Minimum lease payments fall due as follows:

Hire purchase

contracts

31.3.25

31.3.24

£

£

Net obligations repayable:

Within one year

34,320

64,696

Between one and five years

1,308

39,929

35,628

104,625

Non-cancellable

operating leases

31.3.25

31.3.24

£

£

Within one year

110,312

111,870

Between one and five years

330,000

440,312

440,312

552,182

9.	SECURED DEBTS

The following secured debts are included within creditors:

31.3.25

31.3.24

£

£

Bank loans

15,263

25,396

Hire purchase contracts

35,628

104,625

50,891

130,021

The UK Government have provided a 100% guarantee on the Bounce Back Loan Scheme (BBLS), borrowings obtained from National Westminster Bank Plc.