Wallace Accounting and Consultancy Limited

	Page
Balance Sheet	1—2
Notes to the Financial Statements	3—4

Registered number: NI671170

		2025		2024
	Notes	£	£	£	£
FIXED ASSETS
Tangible Assets	4		150,000		150,000

			150,000		150,000
CURRENT ASSETS
Cash at bank and in hand		948		947

		948		947
Creditors: Amounts Falling Due Within One Year	5	(80,488 )		(69,973 )

NET CURRENT ASSETS (LIABILITIES)			(79,540 )		(69,026 )

TOTAL ASSETS LESS CURRENT LIABILITIES			70,460		80,974

Creditors: Amounts Falling Due After More Than One Year	6		(93,314 )		(95,438 )

NET LIABILITIES			(22,854 )		(14,464 )

CAPITAL AND RESERVES
Called up share capital	8		100		100
Profit and Loss Account			(22,954 )		(14,564 )

SHAREHOLDERS' FUNDS			(22,854)		(14,464)

Page 1

Page 2

Wallace Accounting and Consultancy Limited

Balance Sheet (continued)

As At 31 July 2025

For the year ending 31 July 2025 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

The members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.

The directors acknowledge their 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 Paul Wallace

Director

24th April 2026

The notes on pages 3 to 4 form part of these financial statements.

1. General Information

Wallace Accounting and Consultancy Limited is a private company, limited by shares, incorporated in Northern Ireland, registered number NI671170 . The registered office is 146 High Street, Holywood, Co Down, BT18 9HS.

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. 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:

Freehold	0%
Leasehold	0%
Computer Equipment	25%

3. Average Number of Employees

Average number of employees, including directors, during the year was: NIL (2024: 3)

4. Tangible Assets

	Land & Property
	Leasehold
	£
Cost
As at 1 August 2024	150,000

As at 31 July 2025	150,000

Net Book Value
As at 31 July 2025	150,000

As at 1 August 2024	150,000

5. Creditors: Amounts Falling Due Within One Year

	2025	2024
	£	£
Directors' loan accounts	80,488	69,973

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Wallace Accounting and Consultancy Limited

Notes to the Financial Statements (continued)

For The Year Ended 31 July 2025

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

	2025	2024
	£	£
Bank loans	93,314	95,438

The Bank Loan with Ulster Bank takes priority over all of the other debt obligations of the company.

7. Secured Creditors

Of the creditors the following amounts are secured.

8. Share Capital

	2025	2024
	£	£
Allotted, Called up and fully paid	100	100