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Company Registration No. SC500498 (Scotland)
Walker Joinery Limited Unaudited accounts for the year ended 31 March 2026
Walker Joinery Limited Unaudited accounts Contents
Page
Company information
3
Statement of financial position
4
Notes to the accounts
5
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Walker Joinery Limited Company Information for the year ended 31 March 2026
Director
David Walker
Company Number
SC500498 (Scotland)
Registered Office
Room 31, Haypark Business Centre Marchmont Avenue Polmont FK2 0NZ
Accountants
Armet Accounting Ltd Room 31 Haypark Business Centre Polmont FK2 0NZ
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Walker Joinery Limited Statement of financial position as at 31 March 2026
2026
2025
Notes
£
£
Fixed assets
Tangible assets
4
15,036
16,101
Current assets
Debtors
5
1,543
2,430
Cash at bank and in hand
808
1,207
2,351
3,637
Creditors: amounts falling due within one year
6
(10,883)
(16,802)
Net current liabilities
(8,532)
(13,165)
Total assets less current liabilities
6,504
2,936
Creditors: amounts falling due after more than one year
7
-
(1,236)
Provisions for liabilities
Deferred tax
(2,857)
(3,059)
Net assets/(liabilities)
3,647
(1,359)
Capital and reserves
Called up share capital
8
100
100
Profit and loss account
3,547
(1,459)
Shareholders' funds
3,647
(1,359)
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 director acknowledges his 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 and in accordance with the provisions of FRS 102 Section 1A - Small Entities. The profit and loss account has not been delivered to the Registrar of Companies.
The financial statements were approved by the Board and authorised for issue on 24 July 2026 and were signed on its behalf by
David Walker Director Company Registration No. SC500498
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Walker Joinery Limited Notes to the Accounts for the year ended 31 March 2026
1
Statutory information
Walker Joinery Limited is a private company, limited by shares, registered in Scotland, registration number SC500498. The registered office is Room 31, Haypark Business Centre, Marchmont Avenue, Polmont, FK2 0NZ.
2
Compliance with accounting standards
The accounts have been prepared in accordance with the provisions of FRS 102 Section 1A Small Entities. There were no material departures from that standard.
3
Accounting policies
The principal accounting policies adopted in the preparation of the financial statements are set out below and have remained unchanged from the previous year, and also have been consistently applied within the same accounts.
Turnover
Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes.
Basis of preparation
The accounts have been prepared under the historical cost convention as modified by the revaluation of certain fixed assets.
Presentation currency
The accounts are presented in £ sterling.
Tangible fixed assets and depreciation
Tangible assets are included at cost less depreciation and impairment. Depreciation has been provided at the following rates in order to write off the assets over their estimated useful lives:
Plant & machinery
15% Straight Line
Motor vehicles
15% Reducing Balance
Fixtures & fittings
15% Reducing Balance
Computer equipment
25% Straight Line
Deferred taxation
Deferred tax arises as a result of including items of income and expenditure in taxation computations in periods different from those in which they are included in the company's accounts. Deferred tax is provided in full on timing differences which result in an obligation to pay more (or less) tax at a future date, at the average tax rates that are expected to apply when the timing differences reverse, based on current tax rates and laws. Deferred tax assets and liabilities are not discounted.
Government grants
Government grants in relation to tangible fixed assets are credited to profit and loss account over the useful lives of the related assets, whereas those in relation to expenditure are credited when the expenditure is charged to profit and loss.
Pension costs
The company operates a defined contribution scheme for the benefit of its employees. Contributions payable are recognised in the profit and loss account when due.
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Walker Joinery Limited Notes to the Accounts for the year ended 31 March 2026
Financial instruments
Basic financial instruments are recognised at amortised cost, except for investments in non-convertible preference and non-puttable ordinary shares which are measured at fair value, with changes recognised in profit or loss. Derivative financial instruments are initially recorded at cost and thereafter at fair value with changes recognised in profit or loss.
4
Tangible fixed assets
Plant & machinery
Motor vehicles
Fixtures & fittings
Computer equipment
Total
£
£
£
£
£
Cost or valuation
At cost
At cost
At cost
At cost
At 1 April 2025
7,380
20,316
2,141
7,231
37,068
Additions
207
1,667
-
754
2,628
At 31 March 2026
7,587
21,983
2,141
7,985
39,696
Depreciation
At 1 April 2025
5,474
10,830
1,181
3,482
20,967
Charge for the year
390
1,423
144
1,736
3,693
At 31 March 2026
5,864
12,253
1,325
5,218
24,660
Net book value
At 31 March 2026
1,723
9,730
816
2,767
15,036
At 31 March 2025
1,906
9,486
960
3,749
16,101
5
Debtors
2026
2025
£
£
Amounts falling due within one year
Accrued income and prepayments
1,543
2,430
6
Creditors: amounts falling due within one year
2026
2025
£
£
Bank loans and overdrafts
1,236
5,099
VAT
3,705
2,917
Trade creditors
1,258
1,160
Taxes and social security
1,207
3,366
Other creditors
656
943
Loans from directors
2,245
2,741
Accruals
576
576
10,883
16,802
7
Creditors: amounts falling due after more than one year
2026
2025
£
£
Bank loans
-
1,236
This Bank Loan is an unsecured Bounce Back Loan over a term of 6 years.
- 6 -
Walker Joinery Limited Notes to the Accounts for the year ended 31 March 2026
8
Share capital
2026
2025
£
£
Allotted, called up and fully paid:
100 Ordinary shares of £1 each
100
100
9
Average number of employees
During the year the average number of employees was 2 (2025: 2).
- 7 -