The Wall Exchange Limited Filleted accounts for Companies House (small and micro)

COMPANY REGISTRATION NUMBER: 14858397

The Wall Exchange Limited

Filleted Unaudited Financial Statements

31 January 2026

The Wall Exchange Limited

Statement of Financial Position

31 January 2026

	2026		2025
Note	£	£	£	£

Fixed assets

Tangible assets	6		116,404		67,391

Current assets

Stocks		65,773	150,000
Debtors	7	9,687	12,442
Cash at bank and in hand		6,365	38,477
		--------	---------
		81,825	200,919

Creditors: amounts falling due within one year	8	259,472		244,981
		---------		---------
Net current liabilities			177,647		44,062
			---------		--------
Total assets less current liabilities			( 61,243)		23,329

Creditors: amounts falling due after more than one year	9	49,783	–
		---------	--------
Net (liabilities)/assets		( 111,026)	23,329
		---------	--------

Capital and reserves

Called up share capital	10	100	100
Profit and loss account		( 111,126)	23,229
		---------	--------
Shareholders (deficit)/funds		( 111,026)	23,329
		---------	--------

These financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies' regime and in accordance with Section 1A of FRS 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland'.

In accordance with section 444 of the Companies Act 2006, the statement of income and retained earnings has not been delivered.

For the year ending 31 January 2026 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

Directors' responsibilities:

- The members have not required the company to obtain an audit of its financial statements for the year in question in accordance with section 476 ;

- The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of financial statements .

The Wall Exchange Limited

Statement of Financial Position (continued)

31 January 2026

These financial statements were approved by the board of directors and authorised for issue on 15 May 2026 , and are signed on behalf of the board by:

Mr D J Waterson

Director

Company registration number: 14858397

The Wall Exchange Limited

Notes to the Financial Statements

Year ended 31 January 2026

1. General information

The company is a private company limited by shares, registered in England and Wales. The address of the registered office is Unit C, Williamson Street, Hull, HU9 1EP, England.

2. Statement of compliance

These financial statements have been prepared in compliance with Section 1A of FRS 102, 'The Financial Reporting Standard applicable in the UK and the Republic of Ireland'.

3. Accounting policies

Basis of preparation

The financial statements have been prepared on the historical cost basis, as modified by the revaluation of certain financial assets and liabilities and investment properties measured at fair value through profit or loss.

The financial statements are prepared in sterling, which is the functional currency of the entity.

Revenue recognition

Turnover is measured at the fair value of the consideration received or receivable for goods supplied and services rendered, net of discounts and Value Added Tax. Revenue from the sale of goods is recognised when the significant risks and rewards of ownership have transferred to the buyer (usually on despatch of the goods); the amount of revenue can be measured reliably; it is probable that the associated economic benefits will flow to the entity; and the costs incurred or to be incurred in respect of the transactions can be measured reliably.

Income tax

The taxation expense represents the aggregate amount of current and deferred tax recognised in the reporting period. Tax is recognised in profit or loss, except to the extent that it relates to items recognised in other comprehensive income or directly in equity. In this case, tax is recognised in other comprehensive income or directly in equity, respectively. Current tax is recognised on taxable profit for the current and past periods. Current tax is measured at the amounts of tax expected to pay or recover using the tax rates and laws that have been enacted or substantively enacted at the reporting date.

Deferred tax is recognised in respect of all timing differences at the reporting date. Unrelieved tax losses and other deferred tax assets are recognised 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 that are expected to apply to the reversal of the timing difference.

Tangible assets

Tangible assets are initially recorded at cost, and subsequently stated at cost less any accumulated depreciation and impairment losses. Any tangible assets carried at revalued amounts are recorded at the fair value at the date of revaluation less any subsequent accumulated depreciation and subsequent accumulated impairment losses. An increase in the carrying amount of an asset as a result of a revaluation, is recognised in other comprehensive income and accumulated in equity, except to the extent it reverses a revaluation decrease of the same asset previously recognised in profit or loss. A decrease in the carrying amount of an asset as a result of revaluation, is recognised in other comprehensive income to the extent of any previously recognised revaluation increase accumulated in equity in respect of that asset. Where a revaluation decrease exceeds the accumulated revaluation gains accumulated in equity in respect of that asset, the excess shall be recognised in profit or loss.

Depreciation

Depreciation is calculated so as to write off the cost or valuation of an asset, less its residual value, over the useful economic life of that asset as follows:

Plant and machinery	-	25% reducing balance
Fixtures and fittings	-	25% reducing balance

Stocks

Stocks are measured at the lower of cost and estimated selling price less costs to complete and sell. Cost includes all costs of purchase, costs of conversion and other costs incurred in bringing the stock to its present location and condition.

Government grants

Government grants are recognised at the fair value of the asset received or receivable. Grants are not recognised until there is reasonable assurance that the company will comply with the conditions attaching to them and the grants will be received. Government grants are recognised using the accrual model and the performance model. Under the accrual model, government grants relating to revenue are recognised on a systematic basis over the periods in which the company recognises the related costs for which the grant is intended to compensate. Grants that are receivable as compensation for expenses or losses already incurred or for the purpose of giving immediate financial support to the entity with no future related costs are recognised in income in the period in which it becomes receivable. Grants relating to assets are recognised in income on a systematic basis over the expected useful life of the asset. Where part of a grant relating to an asset is deferred, it is recognised as deferred income and not deducted from the carrying amount of the asset. Under the performance model, where the grant does not impose specified future performance-related conditions on the recipient, it is recognised in income when the grant proceeds are received or receivable. Where the grant does impose specified future performance-related conditions on the recipient, it is recognised in income only when the performance-related conditions have been met. Where grants received are prior to satisfying the revenue recognition criteria, they are recognised as a liability.

4. Employee numbers

The average number of persons employed by the company during the year amounted to 4 (2025: 4 ).

5. Tax on (loss)/profit

Major components of tax (income)/expense

	2026	2025
	£	£

Current tax:

UK current tax (income)/expense	( 2,557)	2,557
	-------	-------
Tax on (loss)/profit	( 2,557)	2,557
	-------	-------

6. Tangible assets

	Long leasehold property	Plant and machinery	Fixtures and fittings	Total
	£	£	£	£
Cost
At 1 February 2025	67,391	–	–	67,391
Additions	27,406	23,743	5,066	56,215
	--------	--------	-------	---------
At 31 January 2026	94,797	23,743	5,066	123,606
	--------	--------	-------	---------
Depreciation
At 1 February 2025	–	–	–	–
Charge for the year	–	5,936	1,266	7,202
	--------	--------	-------	---------
At 31 January 2026	–	5,936	1,266	7,202
	--------	--------	-------	---------
Carrying amount
At 31 January 2026	94,797	17,807	3,800	116,404
	--------	--------	-------	---------
At 31 January 2025	67,391	–	–	67,391
	--------	--------	-------	---------

7. Debtors

	2026	2025
	£	£
Trade debtors	7,130	11,942
Corporation tax repayable	2,557	–
Other debtors	–	500
	-------	--------
	9,687	12,442
	-------	--------

8. Creditors: amounts falling due within one year

	2026	2025
	£	£
Bank loans and overdrafts	8,858	–
Trade creditors	13,242	–
Amounts owed to group undertakings	179,189	166,125
Accruals and deferred income	2,037	2,500
Corporation tax	–	2,557
Social security and other taxes	28,034	28,346
Director loan accounts	19,367	10,867
Other creditors	8,745	34,586
	---------	---------
	259,472	244,981
	---------	---------

9. Creditors: amounts falling due after more than one year

	2026	2025
	£	£
Bank loans and overdrafts	49,783	–
	--------	----

10. Called up share capital

Issued, called up and fully paid

	2026		2025
	No.	£	No.	£
Ordinary shares of £ 1 each	100	100	100	100
	----	----	----	----

11. Directors' advances, credits and guarantees

During the period there were no directors advances, credits or guarantees.