K Wallis & Sons Limited

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

Registered number: 04862028

		2025		2024
	Notes	£	£	£	£
FIXED ASSETS
Tangible Assets	4		11,208		15,194

			11,208		15,194
CURRENT ASSETS
Debtors	5	2,310		941
Cash at bank and in hand		2,443		2,603

		4,753		3,544
Creditors: Amounts Falling Due Within One Year	6	(11,457 )		(10,438 )

NET CURRENT ASSETS (LIABILITIES)			(6,704 )		(6,894 )

TOTAL ASSETS LESS CURRENT LIABILITIES			4,504		8,300

Creditors: Amounts Falling Due After More Than One Year	7		-		(4,760 )

NET ASSETS			4,504		3,540

CAPITAL AND RESERVES
Called up share capital	8		1		1
Profit and Loss Account			4,503		3,539

SHAREHOLDERS' FUNDS			4,504		3,540

Page 1

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K Wallis & Sons 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 member has not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.

The director acknowledges his 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 Keith Wallis

Director

24th November 2025

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

1. General Information

K Wallis & Sons Limited is a private company, limited by shares, incorporated in England & Wales, registered number 04862028 . The registered office is 55 Crown Street, Brentwood, Essex, CM14 4BD.

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 sale of goods and from the rendering of services. Turnover is reduced for estimated customer returns, rebates and other similar allowances.

Sale of goods

Turnover from the sale of goods is recognised when the significant risks and rewards of ownership of the goods has transferred to the buyer. This is usually at the point that the customer has signed for the delivery of the goods.

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. 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:

Plant & Machinery	25% of net book value per year
Motor Vehicles	20% of net book value per year

2.4. 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 year 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.

3. Average Number of Employees

Average number of employees, including directors, during the year was: 1 (2024: 1)

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K Wallis & Sons Limited

Notes to the Financial Statements (continued)

For The Year Ended 31 March 2025

4. Tangible Assets

	Plant & Machinery	Motor Vehicles	Total
	£	£	£
Cost
As at 1 April 2024	3,650	34,770	38,420

As at 31 March 2025	3,650	34,770	38,420

Depreciation
As at 1 April 2024	3,124	20,102	23,226
Provided during the period	319	3,667	3,986

As at 31 March 2025	3,443	23,769	27,212

Net Book Value
As at 31 March 2025	207	11,001	11,208

As at 1 April 2024	526	14,668	15,194

5. Debtors

	2025	2024
	£	£
Due within one year
Prepayments and accrued income	735	941
CIS recoverable	1,575	-

	2,310	941

6. Creditors: Amounts Falling Due Within One Year

	2025	2024
	£	£
Bank loans and overdrafts	4,760	5,193
Corporation tax	3,794	3,922
Accruals and deferred income	1,130	1,070
Director's loan account	1,773	253

	11,457	10,438

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

	2025	2024
	£	£
Bank loans	-	4,760

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K Wallis & Sons Limited

Notes to the Financial Statements (continued)

For The Year Ended 31 March 2025

8. Share Capital

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

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