REGISTERED NUMBER: 00377353 (England and Wales)

Unaudited Financial Statements for the Year Ended 31 October 2025

for

WECOM St Albans Limited

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

4

DIRECTORS:

J C Godfrey

Mrs J A Blumsom

SECRETARY:

J C Godfrey

REGISTERED OFFICE:

17-19 Sutton Road

St Albans

Hertfordshire

AL1 5JQ

REGISTERED NUMBER:

00377353 (England and Wales)

ACCOUNTANTS:

Fenlon & Co

Chartered Certified Accountants

6 High Street

Wheathampstead

Hertfordshire

AL4 8AA

FIXED ASSETS

Tangible assets

4

429,067

366,767

CURRENT ASSETS

Stocks

9,898

31,176

Debtors: amounts falling due within one year

5

82,200

107,539

Debtors: amounts falling due after more than one year

5

77,363

-

Cash at bank

1,164,652

728,371

1,334,113

867,086

CREDITORS

Amounts falling due within one year

6

222,842

251,367

NET CURRENT ASSETS

1,111,271

615,719

TOTAL ASSETS LESS CURRENT LIABILITIES

1,540,338

982,486

PROVISIONS FOR LIABILITIES

7

26,200

6,800

NET ASSETS

1,514,138

975,686

CAPITAL AND RESERVES

Called up share capital

12

12

Revaluation reserve

8

334,234

284,604

Capital reserve

8

1

1

Retained earnings

8

1,179,891

691,069

SHAREHOLDERS' FUNDS

1,514,138

975,686

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 October 2025.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 October 2025 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 14 May 2026 and were signed on its behalf by:

Mrs J A Blumsom - Director

J C Godfrey - Director

1.	STATUTORY INFORMATION

Walton Engineering Co Limited is a private company limited by shares and incorporated in England and Wales. Its registered office is 17-19 Sutton Road, St Albans, Herts AL1 5JQ

The financial statements are presented in Sterling, which is the functional currency of the company.

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 as modified by the revaluation of certain assets.

Revenue recognition

Revenue is measured at the fair value of the consideration received or receivable. Revenue is reduced for estimated customer returns, rebates and other similar allowances. Revenue from the sale of goods is recognised when goods are delivered and legal title has passed.

Depreciation

Depreciation is charged on a straight-line basis on the assets of the company at the following rates which are expected to reduce the assets to their net realisable values over their estimated lives:

Plant & equipment

20%

Furniture, fixtures & fittings

20% & 10%

Computers & ancillary equipment

25%

Stocks & work in progress

Stocks are stated at the lower of cost and estimated selling price less costs to complete and sell (net realisable value). Costs, which comprise direct production costs, are based on the method most appropriate to the type of inventory class, but usually on a first-in-first-out basis. Overheads are charged to profit or loss as incurred. Net realisable value is based on the estimated selling price less any estimated completion or selling costs.

When stocks are sold, the carrying amount of those stocks is recognised as an expense in the period in which the related revenue is recognised. The amount of any write-down of stocks to net realisable value and all losses of stocks are recognised as an expense in the period in which the write-down or loss occurs. The amount of any reversal of any write-down of stocks is recognised as a reduction in the amount of stocks recognised as an expense in the period in which the reversal occurs.

.

Investment properties

Investment properties are revalued annually and the aggregate surplus or deficit is transferred to the revaluation reserve. Depreciation is not provided in respect of freehold investment properties. Although this is a departure from the accounting requirements of the Companies Act 2006, which recommends that properties be depreciated, the directors consider departure in this regard as justified on the grounds of compliance with the Financial Reporting Standards and the overriding requirement under section 396(4) of the Companies Act 2006 that Financial Statements should show a true and fair view.

Taxation

Taxation represents the sum of tax currently payable and deferred tax.

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 all timing differences between the carrying amounts of assets and liabilities in the financial statements and the corresponding tax bases in the computation of taxable profit. The carrying amount of deferred tax assets is reviewed at the end of each reporting period and reduced to the extent that it is no longer probable that sufficient taxable profits will be available to allow all or part of the asset to be recovered.

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.

Foreign currencies

Transactions in currencies, other than the functional currency of the company, are recorded at the rate of exchange on the date the transaction occurred. Monetary items denominated in other currencies are translated at the rate prevailing at the end of the reporting period. All differences are taken to the profit and loss account. Non-monetary items that are measured at historic cost in a foreign currency are not retranslated

Hire purchase and leasing contracts

Assets obtained under hire purchase contracts and finance leases are capitalised as tangible fixed assets. Assets acquired under finance leases are depreciated over the shorter of the leases 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 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 profit and loss account on a straight line basis.

Pensions

The costs of Pension Schemes operated by the Company are calculated annually and charged to the profit and loss account as they arise.

Dividends

Final ordinary dividends payable to the shareholders of the company are recognised in the period that they are approved by the shareholders. Interim ordinary dividends are recognised in the period that they are paid.

3.	EMPLOYEES AND DIRECTORS

The average number of employees during the year was 10 (2024 - 9 ) .

4.	TANGIBLE FIXED ASSETS

Freehold

Plant &

property

Equipment

Totals

£

£

£

COST OR VALUATION

At 1 November 2024

385,140

132,621

517,761

Disposals

-

(41,071

)

(41,071

)

Revaluations

71,430

-

71,430

At 31 October 2025

456,570

91,550

548,120

DEPRECIATION

At 1 November 2024

28,000

122,994

150,994

Charge for year

-

3,082

3,082

Eliminated on disposal

-

(35,023

)

(35,023

)

At 31 October 2025

28,000

91,053

119,053

NET BOOK VALUE

At 31 October 2025

428,570

497

429,067

At 31 October 2024

357,140

9,627

366,767

The cost of the freehold land and building bought in November 1982 was £96,136. The market value rather than the cost is disclosed on the Balance Sheet in accordance with FRS102 Section 1A.

5.

DEBTORS

31.10.25

31.10.24

£

£

Amounts falling due within one year:

Trade debtors

61,215

82,554

Other debtors

20,985

24,985

82,200

107,539

31.10.25

31.10.24

£

£

Amounts falling due after more than one year:

Sale of goodwill Deferred payment due 1.2.27

77,363

-

Aggregate amounts

159,563

107,539

6.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31.10.25

31.10.24

£

£

Trade creditors

12,599

62,284

Tax

140,194

36,373

Social security and other taxes

-

10,862

Other creditors

70,049

70,848

Provision for redundancy

-

71,000

222,842

251,367

7.	PROVISIONS FOR LIABILITIES

31.10.25

31.10.24

£

£

Deferred tax

26,200

6,800

Per revaluation of property

Per capital allowances

Total deferred tax

£

£

£

Balance at 1 November 2024

4,400

2,400

6,800

Charged/Utilised during year

21,800

(2,400)

19,400

Balance at 31st October 2025

26,200

-

26,200

Deferred Tax in respect of revaluation of investment property relates to the tax payable should the property be sold at the value disclosed on the Balance Sheet.

Deferred Tax in relation to Capital Allowances relates to the clawback of Capital Allowances should Plant & Equipment be sold at the value disclosed on the Balance Sheet.

8.

RESERVES

Revaluation reserve

£

At 1 November 2024

284,604

Other comprehensive income

49,630

At 31 October 2025

334,234