REGISTERED NUMBER: 11872065 (England and Wales)

UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 30TH APRIL 2025

FOR

SRPS WALSH LIMITED

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

4

DIRECTORS:

Mrs R J Walsh

S J Walsh

REGISTERED OFFICE:

15 Bridge Road

Wellington

Telford

Shropshire

TF1 1EB

REGISTERED NUMBER:

11872065 (England and Wales)

ACCOUNTANTS:

D E Ball & Co Limited

Chartered Accountants

15 Bridge Road

Wellington

Telford

Shropshire

TF1 1EB

FIXED ASSETS

Tangible assets

4

127,259

169,851

Investments

5

10

10

127,269

169,861

CURRENT ASSETS

Debtors

6

7,257,541

7,425,935

Cash at bank

217,378

324,350

7,474,919

7,750,285

CREDITORS

Amounts falling due within one year

7

32,055

27,927

NET CURRENT ASSETS

7,442,864

7,722,358

TOTAL ASSETS LESS CURRENT LIABILITIES

7,570,133

7,892,219

CREDITORS

Amounts falling due after more than one year

8

65,625

89,725

NET ASSETS

7,504,508

7,802,494

CAPITAL AND RESERVES

Called up share capital

9

4

4

Retained earnings

7,504,504

7,802,490

SHAREHOLDERS' FUNDS

7,504,508

7,802,494

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 30th April 2025.

The members have not required the company to obtain an audit of its financial statements for the year ended 30th April 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 Statement of Income and Retained Earnings has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 15th December 2025 and were signed on its behalf by:

Mrs R J Walsh - Director

1.	STATUTORY INFORMATION

SRPS Walsh 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 or, if held under a finance lease, over the lease term, whichever is the shorter.

Plant and machinery etc

-

25% on reducing balance, 25% on cost and 15% on reducing balance

Investments in subsidiaries

Investments in subsidiary undertakings are recognised at cost.

Taxation

Taxation for the year comprises current and deferred tax. Tax is recognised in the Statement of Income and Retained Earnings, 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.

3.	EMPLOYEES AND DIRECTORS

The average number of employees during the year was 3 (2024 - 2 ) .

4.	TANGIBLE FIXED ASSETS

Plant and

machinery

etc

£

COST

At 1st May 2024

185,976

Disposals

(392

)

At 30th April 2025

185,584

DEPRECIATION

At 1st May 2024

16,125

Charge for year

42,513

Eliminated on disposal

(313

)

At 30th April 2025

58,325

NET BOOK VALUE

At 30th April 2025

127,259

At 30th April 2024

169,851

Fixed assets, included in the above, which are held under hire purchase contracts are as follows:

Plant and

machinery

etc

£

COST

At 1st May 2024

and 30th April 2025

164,500

DEPRECIATION

At 1st May 2024

13,384

Charge for year

37,779

At 30th April 2025

51,163

NET BOOK VALUE

At 30th April 2025

113,337

At 30th April 2024

151,116

5.	FIXED ASSET INVESTMENTS

Shares in

group

undertakings

£

COST

At 1st May 2024

and 30th April 2025

10

NET BOOK VALUE

At 30th April 2025

10

At 30th April 2024

10

6.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

30.4.25

30.4.24

£

£

Trade debtors

75,000

58,600

Amounts owed by group undertakings

6,179,505

6,364,787

Other debtors

1,003,036

1,002,548

7,257,541

7,425,935

7.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

30.4.25

30.4.24

£

£

Hire purchase contracts

24,100

24,100

Taxation and social security

2,140

1

Other creditors

5,815

3,826

32,055

27,927

8.

CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR

30.4.25

30.4.24

£

£

Hire purchase contracts

65,625

89,725

9.	CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:

Number:

Class:

Nominal

30.4.25

30.4.24

value:

£

£

4

Ordinary

£1

4

4

10.	DIRECTORS' ADVANCES, CREDITS AND GUARANTEES

The following advances and credits to directors subsisted during the years ended 30th April 2025 and 30th April 2024:

30.4.25

30.4.24

£

£

S J Walsh and Mrs R J Walsh

Balance outstanding at start of year

-

188,164

Amounts advanced

297,116

182,836

Amounts repaid

(297,116

)

(371,000

)

Amounts written off

-

-

Amounts waived

-

-

Balance outstanding at end of year

-

-

Loans to the directors carried interest at the beneficial loan rate until repaid.

11.	ULTIMATE CONTROLLING PARTY

The company is under the control of the directors S J Walsh & Mrs R J Walsh.