REGISTERED NUMBER: 01212937 (England and Wales)

Unaudited Financial Statements for the Year Ended 31 May 2026

for

Graham Walker Limited

Page

Company Information

1

Statement of Financial Position

2

Notes to the Financial Statements

4

Director:

G S Walker

Registered office:

Unit 28 Bumpers Lane

Sealand Road Industrial Estate

Chester

CH1 4NS

Registered number:

01212937 (England and Wales)

Accountants:

Ellis & Co

Chartered Accountants

114-120 Northgate Street

Chester

CH1 2HT

Fixed assets

Tangible assets

4

634,660

656,881

Investment property

5

210,000

210,000

844,660

866,881

Current assets

Stocks

1,077,839

765,406

Debtors

6

194,991

186,611

Cash at bank and in hand

14,504

32,391

1,287,334

984,408

Creditors

Amounts falling due within one year

7

1,413,306

1,316,228

Net current liabilities

(125,972

)

(331,820

)

Total assets less current liabilities

718,688

535,061

Provisions for liabilities

9

19,627

20,936

Net assets

699,061

514,125

Capital and reserves

Called up share capital

10

1,000

1,000

Revaluation reserve

11

32,373

32,373

Retained earnings

665,688

480,752

Shareholders' funds

699,061

514,125

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

The members have not required the company to obtain an audit of its financial statements for the year ended 31 May 2026 in accordance with Section 476 of the Companies Act 2006.

The director acknowledges his 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 Statement of Income and Retained Earnings has not been delivered.

The financial statements were approved by the director and authorised for issue on 15 July 2026 and were signed by:

G S Walker - Director

1.	Statutory information

Graham Walker 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 as modified by the revaluation of certain assets.

Turnover

Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes.

Revenue from the sale of goods is recognised when the significant risks and rewards of ownership have transferred to the buyer, usually on despatch of the goods; the amount of revenue can be measured reliably; it is probable that the associated economic benefits will flow to the entity and the costs incurred or to be incurred in respect of the transactions can be measured reliably.

Revenue from the rendering of services is measured by reference to the stage of completion of the service transaction at the end of the reporting period provided that the outcome can be reliably estimated. When the outcome cannot be reliably estimated, revenue is recognised only to the extent that expenses recognised are recoverable.

Revenue from property rental is recognised on an accruals basis.

Tangible fixed assets

Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.

Freehold property

-

2% on cost

Plant and machinery

-

20% reducing balance

Fixtures and fittings

-

25% reducing balance

Motor vehicles

-

25% reducing balance

No depreciation is provided on freehold land.

Investment property

Investment property is shown at most recent valuation. Any aggregate surplus or deficit arising from changes in fair value is recognised in profit or loss.

Stocks

Stocks are valued at the lower of cost and net realisable value, after making due allowance for obsolete and slow moving items.

Financial instruments

A financial asset or a financial liability is recognised only when the company 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.

Debt instruments are subsequently measured at amortised cost.

Taxation

Taxation for the year comprises current and deferred tax. Tax is recognised in the Statement of Income and Retained Earnings, 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 statement of financial position date.

Deferred tax

Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the statement of financial position 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 year 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 year was 8 (2025 - 8 ) .

4.	Tangible fixed assets

Fixtures

Freehold

Plant and

and

Motor

property

machinery

fittings

vehicles

Totals

£

£

£

£

£

Cost

At 1 June 2025

899,388

252,917

96,001

19,750

1,268,056

Additions

-

2,771

165

-

2,936

At 31 May 2026

899,388

255,688

96,166

19,750

1,270,992

Depreciation

At 1 June 2025

284,084

216,500

90,891

19,700

611,175

Charge for year

15,988

7,837

1,319

13

25,157

At 31 May 2026

300,072

224,337

92,210

19,713

636,332

Net book value

At 31 May 2026

599,316

31,351

3,956

37

634,660

At 31 May 2025

615,304

36,417

5,110

50

656,881

5.	Investment property

Total

£

Fair value

At 1 June 2025

and 31 May 2026

210,000

Net book value

At 31 May 2026

210,000

At 31 May 2025

210,000

6.

Debtors: amounts falling due within one year

31/5/26

31/5/25

£

£

Trade debtors

20,464

22,118

Other debtors

174,527

164,493

194,991

186,611

7.

Creditors: amounts falling due within one year

31/5/26

31/5/25

£

£

Bank loans and overdrafts

10,730

4,955

Trade creditors

54,196

53,091

Amounts owed to group undertakings

517

1,021

Taxation and social security

140,209

63,104

Other creditors

1,207,654

1,194,057

1,413,306

1,316,228

8.	Secured debts

The following secured debts are included within creditors:

31/5/26

31/5/25

£

£

Bank overdrafts

10,730

4,955

The bank overdraft is secured by way of fixed and floating charges over the properties owned by the company.

9.	Provisions for liabilities

31/5/26

31/5/25

£

£

Deferred tax

Accelerated capital allowances

8,836

10,145

Revaluation gains

10,791

10,791

19,627

20,936

Deferred

tax

£

Balance at 1 June 2025

20,936

Credit to Statement of Income and Retained Earnings during year

(1,309

)

Balance at 31 May 2026

19,627

10.	Called up share capital

Allotted, issued and fully paid:

Number:

Class:

Nominal

31/5/26

31/5/25

value:

£

£

997

Ordinary

£1

997

997

1

A Ordinary

£1

1

1

1

B Ordinary

£1

1

1

1

C Ordinary

£1

1

1

1,000

1,000

11.

Reserves

Under FRS 102 surpluses on the revaluation of investment property are treated as fair value adjustments and are recognised in the statement of income. However under company law, these surpluses are not distributable. In these financial statements, the cumulative revaluation surpluses have been included in other reserves under Revaluation reserve. On disposal of an investment property, any revaluation surplus realised on disposal is transferred to distributable reserves.

12.	Contingent liabilities

The company has entered into a cross guarantee to secure the bank borrowings of G. Walker Properties Limited, a company under common control. At 31 May 2026 the liability under this guarantee was £823,454 (2025: £1,218,217).

13.	Related party disclosures

The director has made loans to the company. The balance on these loans at 31 May 2026 was £134,499 (2025: £147,924). The loans are interest free, unsecured and repayable on demand.