REGISTERED NUMBER: 16205035 (England and Wales)

Wallace School Of Transport Limited

Unaudited Financial Statements

for the Period

24 January 2025 to 31 January 2026

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

4

DIRECTORS:

R I Jenkins

N R Wallace

REGISTERED OFFICE:

8 Steele Road

Park Royal

NW10 7AR

REGISTERED NUMBER:

16205035 (England and Wales)

ACCOUNTANTS:

DSJ Partners (UK) Limited

2nd Floor

1 Bell Street

London

NW1 5BY

FIXED ASSETS

Tangible assets

4

161,626

CURRENT ASSETS

Debtors

5

202,784

Cash at bank

136,402

339,186

CREDITORS

Amounts falling due within one year

6

(432,626

)

NET CURRENT LIABILITIES

(93,440

)

TOTAL ASSETS LESS CURRENT LIABILITIES

68,186

PROVISIONS FOR LIABILITIES

(40,407

)

NET ASSETS

27,779

CAPITAL AND RESERVES

Called up share capital

100

Retained earnings

27,679

27,779

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the period ended 31 January 2026.

The members have not required the company to obtain an audit of its financial statements for the period ended 31 January 2026 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 Income Statement has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 4 June 2026 and were signed on its behalf by:

N R Wallace - Director

R I Jenkins - Director

1.	STATUTORY INFORMATION

Wallace School Of Transport 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

Tangible fixed assets are initially measured at cost and subsequently measured at cost or valuation, net of depreciation and any impairment losses.

Depreciation is recognised so as to write off the cost or valuation of assets less their residual values over their useful lives on the following bases:

Freehold Fixtures, fittings & equipment 15% on reducing balance

Motor Vehicles 25% on reducing balance.

The gain or loss arising on the disposal of an asset is determined as the difference between the sale proceeds and the carrying value of the asset, and is credited or charged to profit or loss.

Taxation

Taxation for the period comprises current and deferred tax. Tax is recognised in the Income Statement, 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 period 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.

Pension costs and other post-retirement benefits

The company operates a defined contribution pension scheme. Contributions payable to the company's pension scheme are charged to profit or loss in the period to which they relate.

3.	EMPLOYEES AND DIRECTORS

The average number of employees during the period was 16 .

4.	TANGIBLE FIXED ASSETS

Plant and

machinery

etc

£

COST

Additions

12,368

Disposals

(8,387

)

Reclassification/transfer

1,532,630

At 31 January 2026

1,536,611

DEPRECIATION

Charge for period

51,378

Eliminated on disposal

(5,161

)

Reclassification/transfer

1,328,768

At 31 January 2026

1,374,985

NET BOOK VALUE

At 31 January 2026

161,626

5.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

£

Trade debtors

104,588

Other debtors

98,196

202,784

6.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

£

Trade creditors

47,848

Amounts owed to group undertakings

83,225

Taxation and social security

107,764

Other creditors

193,789

432,626

7.	RELATED PARTY DISCLOSURES

At the balance sheet date, the company owed £83,225 to Wallace ST Holdings Limited, the parent company.

8.	ULTIMATE HOLDING COMPANY

The holding company is Wallace ST Holdings Limited, registered in England and Wales.