H.Wallis Limited Filleted accounts for Companies House (small and micro)

COMPANY REGISTRATION NUMBER: 00657767

H.Wallis Limited

Filleted Unaudited Financial Statements

31 December 2025

H.Wallis Limited

Statement of Financial Position

31 December 2025

	2025		2024
Note	£	£	£

Fixed assets

Tangible assets	5	1,693	2,240
Investments	6	254,928	227,938
		----------	----------
		256,621	230,178

Current assets

Stocks		159,455	173,356
Debtors	7	16,740	30,999
Cash at bank and in hand		65,552	114,739
		----------	----------
		241,747	319,094

Creditors: amounts falling due within one year	8	82,642		131,597
		----------		----------
Net current assets			159,105	187,497
			----------	----------
Total assets less current liabilities			415,726	417,675

Provisions

Taxation including deferred tax	423	560
	----------	----------
Net assets	415,303	417,115
	----------	----------

H.Wallis Limited

Statement of Financial Position (continued)

31 December 2025

	2025		2024
Note	£	£	£

Capital and reserves

Called up share capital	900	900
Share premium account	400	400
Profit and loss account	414,003	415,815
	----------	----------
Shareholders funds	415,303	417,115
	----------	----------

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 December 2025 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 .

These financial statements were approved by the board of directors and authorised for issue on 23 July 2026 , and are signed on behalf of the board by:

Mrs G P Wallis	I M Wallis
Director	Director

Company registration number: 00657767

H.Wallis Limited

Notes to the Financial Statements

Year Ended 31 December 2025

1. General information

The company is a private company limited by shares, registered in England and Wales. The address of the registered office is 84 Godstone Road, Lingfield, Surrey, RH7 6BW.

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

The turnover shown in the profit and loss account represents services provided during the year, exclusive of Value Added Tax.

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.

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:

Land & buildings	-	10% straight line
Implements & machinery	-	20% straight line
Fixtures & fittings	-	25% straight line
Motor vehicles	-	25% reducing balance

Investments

Fixed asset investments are initially recorded at cost, and subsequently stated at cost less any accumulated impairment losses.

Listed investments are measured at fair value with changes in fair value being recognised in profit or loss.

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.

Provisions

Provisions are recognised when the entity has an obligation at the reporting date as a result of a past event, it is probable that the entity will be required to transfer economic benefits in settlement and the amount of the obligation can be estimated reliably. Provisions are recognised as a liability in the statement of financial position and the amount of the provision as an expense. Provisions are initially measured at the best estimate of the amount required to settle the obligation at the reporting date and subsequently reviewed at each reporting date and adjusted to reflect the current best estimate of the amount that would be required to settle the obligation. Any adjustments to the amounts previously recognised are recognised in profit or loss unless the provision was originally recognised as part of the cost of an asset. When a provision is measured at the present value of the amount expected to be required to settle the obligation, the unwinding of the discount is recognised as a finance cost in profit or loss in the period it arises.

Financial instruments

A financial asset or a financial liability is recognised only when the entity becomes a party to the contractual provisions of the instrument. Basic financial instruments are initially recognised at the transaction price, unless the arrangement constitutes a financing transaction, where it is recognised at the present value of the future payments discounted at a market rate of interest for a similar debt instrument. Other financial instruments are subsequently measured at fair value, with any changes recognised in profit or loss, with the exception of hedging instruments in a designated hedging relationship (see hedge accounting policy).

Defined contribution plans

The company operates a defined contribution pension scheme for its directors and employees. The assets of the scheme are held separately from those of the company.

4. Employee numbers

The average number of persons employed by the company during the year amounted to 6 (2024: 6 ).

5. Tangible assets

	Land and buildings	Plant and machinery	Fixtures and fittings	Motor vehicles	Total
	£	£	£	£	£
Cost
At 1 January 2025 and 31 December 2025	24,116	37,023	19,638	33,150	113,927
	--------	--------	--------	--------	----------
Depreciation
At 1 January 2025	24,116	36,029	19,620	31,922	111,687
Charge for the year	–	240	–	307	547
	--------	--------	--------	--------	----------
At 31 December 2025	24,116	36,269	19,620	32,229	112,234
	--------	--------	--------	--------	----------
Carrying amount
At 31 December 2025	–	754	18	921	1,693
	--------	--------	--------	--------	----------
At 31 December 2024	–	994	18	1,228	2,240
	--------	--------	--------	--------	----------

6. Investments

	Other investments other than loans
	£
Cost
At 1 January 2025	227,938
Disposals	( 2,583)
Revaluations	29,573
	----------
At 31 December 2025	254,928
	----------
Impairment
At 1 January 2025 and 31 December 2025	–
	----------

Carrying amount
At 31 December 2025	254,928
	----------
At 31 December 2024	227,938
	----------

7. Debtors

	2025	2024
	£	£
Trade debtors	14,753	29,060
Other debtors	1,987	1,939
	--------	--------
	16,740	30,999
	--------	--------

8. Creditors: amounts falling due within one year

	2025	2024
	£	£
Trade creditors	46,187	83,833
Corporation tax	19,764	37,243
Social security and other taxes	12,626	5,520
Other creditors	4,065	5,001
	--------	----------
	82,642	131,597
	--------	----------

9. Related party transactions

The company was under the control of the directors throughout the current and previous year, as shown in the directors report, who between them own 100% of the share capital of the company. No transactions with related parties were undertaken such as are required to be disclosed under Financial Reporting Standard 102.