Registration number: 08244280

Waltons Fine Furnishings Limited

(Registration number: 08244280)
Statement of Financial Position as at 31 December 2025

	Note	2025 £	2024 £
Fixed assets
Tangible assets	4	35,231	43,067
Other financial assets	5	3,289	3,289
		38,520	46,356
Current assets
Stocks		80,645	79,353
Debtors	6	66,027	41,392
Cash at bank and in hand		171,447	199,093
		318,119	319,838
Creditors: Amounts falling due within one year	7	(222,335)	(209,275)
Net current assets		95,784	110,563
Total assets less current liabilities		134,304	156,919
Creditors: Amounts falling due after more than one year	7	-	(13,569)
Provisions for liabilities		(8,740)	(10,708)
Net assets		125,564	132,642
Capital and reserves
Called up share capital		1	1
Retained earnings		125,563	132,641
Shareholders' funds		125,564	132,642

Waltons Fine Furnishings Limited

(Registration number: 08244280)
Statement of Financial Position as at 31 December 2025

For the financial 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 accounts for the year in question in accordance with section 476; and
•	The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.

These financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime. As permitted by section 444 (5A) of the Companies Act 2006, the directors have not delivered to the registrar a copy of the Income Statement.

Approved and authorised by the Board on 27 October 2026 and signed on its behalf by:
 

......................................... Mr J W Toomer Director

Waltons Fine Furnishings Limited

Notes to the Unaudited Financial Statements for the Year Ended 31 December 2025

1	General information

The company is a private company limited by share capital, incorporated in England and Wales.

The address of its registered office is:
46-50 Leeds Road
Ilkley
West Yorkshire
LS29 8DS

These financial statements were authorised for issue by the Board on 27 October 2026.

2	Accounting policies

Summary of significant accounting policies and key accounting estimates

The principal accounting policies applied in the preparation of these financial statements are set out below. These policies have been consistently applied to all the years presented, unless otherwise stated.

Statement of compliance

These financial statements have been prepared in accordance with Financial Reporting Standard 102 Section 1A smaller entities - 'The Financial Reporting Standard applicable in the United Kingdom and Republic of Ireland' and the Companies Act 2006 (as applicable to companies subject to the small companies' regime).

Basis of preparation

These financial statements have been prepared using the historical cost convention except that as disclosed in the accounting policies certain items are shown at fair value.

The accounts are presented in £ sterling, which is the functional currency of the company. Monetary amounts in these financial statements are rounded to the nearest £.

Revenue recognition

Turnover is measured at the fair value of the consideration received or receivable and represents amounts receivable from the sale of home furnishings, stated net of discounts and of Value Added Tax.

Revenue from the sale of goods is recognised when the significant risks and rewards of ownership of the goods 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.

Tax

The taxation expense represents the aggregate amount of current and deferred tax recognised in the reporting period. Tax is recognised in profit and 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.

Waltons Fine Furnishings Limited

Notes to the Unaudited Financial Statements for the Year Ended 31 December 2025

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.

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:

Asset class	Depreciation method and rate
Fixture & Fittings	10%, 12.5%, 33% straight line
Motor Vehicles	20% straight line
Computer Equipment	33% straight line
Pattern Books	33% straight line

Investments

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

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 less in the period it arises.

Waltons Fine Furnishings Limited

Notes to the Unaudited Financial Statements for the Year Ended 31 December 2025

Leases

Lease payments are recognised as an expense over the lease term on a straight-line basis. The aggregate benefit of lease incentives is recognised as a reduction to expense over the lease term, on a straight-line basis.

Assets held under finance leases and hire purchase contracts are recognised in the statement of financial position as assets and liabilities at the lower of the fair value of the assets and the present value of the minimum lease payments, which is determined at the inception of the lease term. Any initial direct costs of the lease are added to the amount recognised as an asset.

Lease payments are apportioned between the finance charges and reduction of the outstanding lease liabilities using the effective interest method. Finance charges are allocated to each period so as to produce a constant rate of interest on the remaining balance of the liability.

Defined contribution pension obligation

Contributions to defined contribution plans are recognised as an expense in the period in which the related service is provided. Prepaid contributions are recognised as an asset to the extent that the prepayment will lead to a reduction in future payments or a cash refund.

When contributions are not expected to be settled wholly within 12 months of the end of the reporting date in which the employees render the related services, the liability is measured on a discounted present value basis. The unwinding of the discount is recognised as a finance cost in profit or loss in the period in which it arises.

Financial instruments

Classification
Financial instruments are classified and accounted for, according to the substance of the contractual arrangement, as either financial assets, financial liabilities or equity instruments. An equity instrument is any contract that evidences a residual interest in the asset of the company after deducting all of its liabilities.
 

3	Staff numbers

The average number of persons employed by the company (including directors) during the year, was 9 (2024 - 8).

Waltons Fine Furnishings Limited

Notes to the Unaudited Financial Statements for the Year Ended 31 December 2025

4	Tangible assets

	Fixtures and fittings £	Plant and machinery £	Office equipment £	Motor vehicles  £	Total £
Cost or valuation
At 1 January 2025	84,212	67,950	6,541	22,675	181,378
Additions	2,258	12,354	123	-	14,735
Disposals	-	-	-	(3,725)	(3,725)
At 31 December 2025	86,470	80,304	6,664	18,950	192,388
Depreciation
At 1 January 2025	73,365	51,970	5,173	7,803	138,311
Charge for the year	2,210	14,638	719	3,700	21,267
Eliminated on disposal	-	-	-	(2,421)	(2,421)
At 31 December 2025	75,575	66,608	5,892	9,082	157,157
Carrying amount
At 31 December 2025	10,895	13,696	772	9,868	35,231
At 31 December 2024	10,847	15,980	1,368	14,872	43,067

5	Other financial assets (current and non-current)

	Financial assets at cost less impairment £	Total £
Non-current financial assets
Cost or valuation
At 1 January 2025	3,289	3,289
At 31 December 2025	3,289	3,289
Impairment
Carrying amount
At 31 December 2025	3,289	3,289

Waltons Fine Furnishings Limited

Notes to the Unaudited Financial Statements for the Year Ended 31 December 2025

6

Debtors

Current	Note	2025 £	2024 £
Trade debtors		26,941	36,736
Amounts owed by related parties	10	31,616	-
Prepayments		4,282	1,269
Other debtors		3,188	3,387
		66,027	41,392

7

Creditors

Creditors: amounts falling due within one year

	Note	2025 £	2024 £
Due within one year
Loans and borrowings	8	10,690	13,253
Trade creditors		127,334	88,568
Taxation and social security		61,266	42,186
Accruals and deferred income		21,073	62,051
Other creditors		1,972	3,217
		222,335	209,275

Included within creditors falling due within one year are hire purchase contracts of £3,667 (2024: £4,000) secured over the assets to which they relate.

Creditors: amounts falling due after more than one year

	Note	2025 £	2024 £
Due after one year
Loans and borrowings	8	-	13,569

Included within creditors falling due after more than one year are hire purchase contracts of £nil (2024: £3,667) secured over the assets to which they relate.

Waltons Fine Furnishings Limited

Notes to the Unaudited Financial Statements for the Year Ended 31 December 2025

8	Loans and borrowings

Non-current loans and borrowings

	2025 £	2024 £
Bank borrowings	-	9,902
Hire purchase contracts	-	3,667
	-	13,569

Current loans and borrowings

	2025 £	2024 £
Bank borrowings	7,023	9,253
Hire purchase contracts	3,667	4,000
	10,690	13,253

9	Obligations under leases and hire purchase contracts

Operating leases

The total of future minimum lease payments is as follows:

	2025 £	2024 £
Not later than one year	45,475	43,431
Later than one year and not later than five years	136,000	147,475
Later than five years	68,000	102,000
	249,475	292,906

Waltons Fine Furnishings Limited

Notes to the Unaudited Financial Statements for the Year Ended 31 December 2025

10	Related party transactions

Waltons Furnishings Holdings Ltd:

Waltons Furnishings Holdings Ltd is the ultimate parent of this company. During the year the parent company loaned this company £31,616 (2024: £nil). At the statement of financial position date the company owed the parent £31,616 (2024: £nil). No interest has been charged on this amount (2024: £nil).

11	Parent and ultimate parent undertaking

The company's immediate parent is Waltons Furnishings Holdings Ltd, incorporated in England & Wales.