Registered number
15831296
I J WALKER VEHICLE REPAIRS LTD
Filleted Accounts
31 July 2025

I J WALKER VEHICLE REPAIRS LTD
Registered number: | 15831296
Balance Sheet
as at 31 July 2025
Notes |  |  | 2025 |
£ |
Fixed assets
Intangible assets | 3 |  |  | 194,090
Tangible assets | 4 |  |  | 98,312
|  |  |  | 292,402 |
Current assets
Stocks |  |  | 30,127
Debtors | 5 |  | 76,594
Cash at bank and in hand |  |  | 177,799
|  |  | 284,520 |  |
Creditors: amounts falling due within one year | 6 |  | (546,803)
Net current liabilities |  |  |  | (262,283) |
Net assets |  |  |  | 30,119 |
Capital and reserves
Called up share capital |  |  |  | 100
Profit and loss account |  |  |  | 30,019
Shareholders' funds |  |  |  | 30,119 |
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.
Christopher A Kania
Director
Approved by the board on 7 April 2026

I J WALKER VEHICLE REPAIRS LTD
Notes to the Accounts
for the year ended 31 July 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.
| 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:
| Motor vehicle | 20% straight line
| Fixtures, fittings, tools and equipment | 20% straight line
| 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.
| Pensions
| Contributions to defined contribution plans are expensed in the period to which they relate.
2 | Employees | 2025 |
Number |
| Average number of persons employed by the company | 4
3 | Intangible fixed assets | £
| Goodwill:
| Cost
| Additions | 199,921
| At 31 July 2025 | 199,921
| Amortisation
| Provided during the year | 5,831
| At 31 July 2025 | 5,831
| Net book value
| At 31 July 2025 | 194,090
| Goodwill is being written off in equal annual instalments over its estimated economic life of 20 years.
4 | Tangible fixed assets
|  |  |  | Plant and machinery etc |  | Motor vehicles |  | Total
£ | £ | £
| Cost
| Additions | 93,435 |  | 17,200 |  | 110,635
| At 31 July 2025 | 93,435 |  | 17,200 |  | 110,635
| Depreciation
| Charge for the year | 10,316 |  | 2,007 |  | 12,323
| At 31 July 2025 | 10,316 |  | 2,007 |  | 12,323
| Net book value
| At 31 July 2025 | 83,119 |  | 15,193 |  | 98,312
5 | Debtors | 2025 |
£ |
| Trade debtors | 76,494
| Other debtors | 100
|  |  |  |  |  | 76,594 |
6 | Creditors: amounts falling due within one year | 2025 |
£ |
| Trade creditors | 21,257
| Amounts owed to group undertakings and undertakings in which the company has a participating interest |  | 385,000
| Taxation and social security costs | 29,908
| Pension liability | 694
| Directors' loan account | 81,649
| Accruals | 28,295
|  |  |  |  |  | 546,803 |
| During the year, the company received an interest-bearing loan of £350,000 from P.C. GILL & SONS (PROPERTY) LIMITED. The loan carries interest at a rate of 10% per annum. |
7 | Controlling party
| The company is controlled by directors C A Kania, A J Kania, W J Kania and L A Gauntlett who jointly hold 100% of the issued share capital.
8 | Other information
| I J WALKER VEHICLE REPAIRS LTD is a private company limited by shares and incorporated in England. Its registered office is:
| The Regent Suite 1 Old Court Mews
| 311 Chase Road
| London
| N14 6JS

I J WALKER VEHICLE REPAIRS LTD 15831296 false 2024-08-01 2025-07-31 2025-07-31 VT Final Accounts April 2025 Christopher A Kania No description of principal activity 15831296 2024-08-01 2025-07-31 15831296 bus:PrivateLimitedCompanyLtd 2024-08-01 2025-07-31 15831296 bus:AuditExempt-NoAccountantsReport 2024-08-01 2025-07-31 15831296 bus:Director40 2024-08-01 2025-07-31 15831296 1 2024-08-01 2025-07-31 15831296 2 2024-08-01 2025-07-31 15831296 core:Goodwill 2024-08-01 2025-07-31 15831296 core:PlantMachinery 2024-08-01 2025-07-31 15831296 core:Vehicles 2024-08-01 2025-07-31 15831296 countries:England 2024-08-01 2025-07-31 15831296 bus:FRS102 2024-08-01 2025-07-31 15831296 bus:FilletedAccounts 2024-08-01 2025-07-31 15831296 2025-07-31 15831296 core:WithinOneYear 2025-07-31 15831296 core:ShareCapital 2025-07-31 15831296 core:RetainedEarningsAccumulatedLosses 2025-07-31 15831296 core:Goodwill 2025-07-31 15831296 core:PlantMachinery 2025-07-31 15831296 core:Vehicles 2025-07-31 15831296 2024-07-31 iso4217:GBP xbrli:pure