Walmsley Associates Ltd

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

Registered number: 4091670

		2025		2024
	Notes	£	£	£	£
FIXED ASSETS
Tangible Assets	4		25,478		28,540

			25,478		28,540
CURRENT ASSETS
Debtors	5	204,437		216,971
Cash at bank and in hand		376,005		281,567

		580,442		498,538
Creditors: Amounts Falling Due Within One Year	6	(117,950 )		(65,484 )

NET CURRENT ASSETS (LIABILITIES)			462,492		433,054

TOTAL ASSETS LESS CURRENT LIABILITIES			487,970		461,594

PROVISIONS FOR LIABILITIES
Deferred Taxation			(6,369 )		(7,135 )

NET ASSETS			481,601		454,459

CAPITAL AND RESERVES
Called up share capital	7		15		15
Profit and Loss Account			481,586		454,444

SHAREHOLDERS' FUNDS			481,601		454,459

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Walmsley Associates Ltd

Balance Sheet (continued)

As At 31 October 2025

For the year ending 31 October 2025 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 C G Lloyd Morley Director	Mr B J Curran Director
24 July 2026

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

1. General Information

Walmsley Associates Ltd is a private company, limited by shares, incorporated in England & Wales, registered number 4091670 . The registered office is 105 Garstang Road, Preston, Lancashire, PR1 1LD.

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 recognised net of any applicable discounts and Value Added Tax. The company provides

engineering consultancy services which at times can be provided over the course of a few weeks or

months. The income is recognised by reference to the stage of completion of this work, so far as this can

be reliably measured. Any ongoing works which are in process at the reporting date are considered and

where it is possible to get a reliable estimate on the value of work completed this is included as a debtor

and is included within trade debtors within the accounts

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:

Fixtures & Fittings

15% reducing balance

2.4. 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. Taxable profit differs from profit as reported in the statement of comprehensive income because of items of income or expense that are taxable or deductible in other years and items that are never taxable or deductible. 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. Deferred tax liabilities are generally recognised for all taxable timing differences. Deferred tax assets are generally recognised for all deductible temporary differences to the extent that it is probable that taxable profits will be available against which those deductible timing differences can be utilised. 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. Deferred tax liabilities are presented within provisions for liabilities and deferred tax assets within debtors. The measurement of deferred tax liabilities and assets reflect the tax consequences that would follow from the manner in which the Company expects, at the end of the reporting period, to recover or settle the carrying amount of its assets and liabilities.

Current and deferred tax are recognised in profit or loss for the year, except when they relate to items that are recognised in other comprehensive income or directly in equity, in which case current and deferred tax are recognised in other comprehensive income or directly in equity respectively.

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Walmsley Associates Ltd

Notes to the Financial Statements (continued)

For The Year Ended 31 October 2025

3. Average Number of Employees

Average number of employees, including directors, during the year was: 6 (2024: 6)

4. Tangible Assets

	Fixtures & Fittings
	£
Cost
As at 1 November 2024	60,471
Additions	1,250

As at 31 October 2025	61,721

Depreciation
As at 1 November 2024	31,931
Provided during the period	4,312

As at 31 October 2025	36,243

Net Book Value
As at 31 October 2025	25,478

As at 1 November 2024	28,540

5. Debtors

	2025	2024
	£	£
Due within one year
Trade debtors	141,299	161,104
Other debtors	63,138	55,867

	204,437	216,971

6. Creditors: Amounts Falling Due Within One Year

	2025	2024
	£	£
Trade creditors	3,122	2,330
Other creditors	7,167	5,618
Taxation and social security	107,661	57,536

	117,950	65,484

7. Share Capital

	2025	2024
	£	£
Allotted, Called up and fully paid	15	15

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Walmsley Associates Ltd

Notes to the Financial Statements (continued)

For The Year Ended 31 October 2025

8. Directors Advances, Credits and Guarantees

During the year the directors entered into the following advances and credits with the company:

	As at 1 November 2024	Amounts advanced	Amounts repaid	Amounts written off	As at 31 October 2025
	£	£	£	£	£
Mr Christopher Lloyd Morley	(2,720 )	9,130	(10,676 )	-	(4,266 )
Mr Benjamin Curran	37,360	10,460	(10,676 )	-	37,143

The above loans are interest free and repayable on demand.

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