L.Walters Consultants Ltd

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

Registered number: 12713606

		2026		2025
	Notes	£	£	£	£
FIXED ASSETS
Tangible Assets	4		11,242		4,903

			11,242		4,903
CURRENT ASSETS
Debtors	5	33,756		12,787
Cash at bank and in hand		8,324		31

		42,080		12,818
Creditors: Amounts Falling Due Within One Year	6	(44,081 )		(17,625 )

NET CURRENT ASSETS (LIABILITIES)			(2,001 )		(4,807 )

TOTAL ASSETS LESS CURRENT LIABILITIES			9,241		96

Creditors: Amounts Falling Due After More Than One Year	7		(8,105 )		-

NET ASSETS			1,136		96

CAPITAL AND RESERVES
Called up share capital	9		2		2
Profit and Loss Account			1,134		94

SHAREHOLDERS' FUNDS			1,136		96

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L.Walters Consultants Ltd

Balance Sheet (continued)

As At 31 March 2026

For the year ending 31 March 2026 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 Lee Walters

Director

29 May 2026

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

1. General Information

L.Walters Consultants Ltd is a private company, limited by shares, incorporated in England & Wales, registered number 12713606 . The registered office is 1 Penrith Drive, Littleover, Derby, DE23 3AL.

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:

Motor Vehicles	25% reducing balance
Fixtures & Fittings	15% reducing balance
Computer Equipment	33% reducing balance

2.4. Leasing and Hire Purchase Contracts

Assets obtained under finance leases are capitalised as tangible fixed assets. Assets acquired under finance leases are depreciated over the shorter of the lease term and their useful lives. Assets acquired under hire purchase contracts are depreciated over their useful lives. Finance leases are those where substantially all of the benefits and risks of ownership are assumed by the company. Obligations under such agreements are included in the creditors net of the finance charge allocated to future periods. The finance element of the rental payment is charged to the profit and loss account so as to produce a constant periodic rate of charge on the net obligation outstanding in each period.

Rentals applicable to operating leases where substantially all of the benefits and risks of ownership remain with the lessor are charged to the profit and loss account as incurred.

2.5. Taxation

Income tax expense represents the sum of the tax currently payable and deferred tax.

The tax currently payable is based on taxable profit for the year. 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.

Deferred tax is recognised on timing differences between the carrying amounts of assets and liabilities in the financial statements and the corresponding tax bases used in the computation of taxable profit. The carrying amount of deferred tax assets is reviewed at the end of each reporting period.

Deferred tax assets and liabilities are measured at the tax rates that are expected to apply in the period in which the liability is settled or the asset realised, based on tax rates (and tax laws) that have been enacted or substantively enacted by the end of the reporting period. Deferred tax liabilities are presented within provisions for liabilities and deferred tax assets within debtors.

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L.Walters Consultants Ltd

Notes to the Financial Statements (continued)

For The Year Ended 31 March 2026

3. Average Number of Employees

Average number of employees, including directors, during the year was: 2 (2025: 2)

4. Tangible Assets

	Motor Vehicles	Fixtures & Fittings	Computer Equipment	Total
	£	£	£	£
Cost
As at 1 April 2025	-	2,767	4,751	7,518
Additions	3,700	-	5,757	9,457
Disposals	-	-	(1,704 )	(1,704 )

As at 31 March 2026	3,700	2,767	8,804	15,271

Depreciation
As at 1 April 2025	-	685	1,930	2,615
Provided during the period	385	312	1,908	2,605
Disposals	-	-	(1,191 )	(1,191 )

As at 31 March 2026	385	997	2,647	4,029

Net Book Value
As at 31 March 2026	3,315	1,770	6,157	11,242

As at 1 April 2025	-	2,082	2,821	4,903

5. Debtors

	2026	2025
	£	£
Due within one year
Prepayments and accrued income	4,822	-
Other debtors	28,934	12,787

	33,756	12,787

6. Creditors: Amounts Falling Due Within One Year

	2026	2025
	£	£
Bank loans and overdrafts	1,541	-
Corporation tax	19,028	6,946
Other taxes and social security	582	-
VAT	6,626	-
Other creditors	15,584	10,019
Accruals and deferred income	720	660

	44,081	17,625

The bank loan is secured by personal guarantee of the directors.

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L.Walters Consultants Ltd

Notes to the Financial Statements (continued)

For The Year Ended 31 March 2026

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

	2026	2025
	£	£
Bank loans	8,105	-

The bank loan is secured by personal guarantee of the directors.

9. Share Capital

	2026	2025
	£	£
Allotted, Called up and fully paid	2	2

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