Registration number: 00120058

Walters & Co. (Oxford) Limited

Contents

Balance Sheet	1
Notes to the Financial Statements	2 to 7

Walters & Co. (Oxford) Limited

(Registration number: 00120058)
Balance Sheet as at 31 January 2026

	Note	2026 £	2025 £
Fixed assets
Intangible assets	4	1,373	1,941
Tangible assets	5	20,140	11,117
		21,513	13,058
Current assets
Stocks	6	308,445	322,874
Debtors	7	888,452	669,792
Cash at bank and in hand		15,903	8,122
		1,212,800	1,000,788
Creditors: Amounts falling due within one year	8	(180,466)	(168,180)
Net current assets		1,032,334	832,608
Net assets		1,053,847	845,666
Capital and reserves
Called up share capital	9	10,700	10,700
Retained earnings		1,043,147	834,966
Shareholders' funds		1,053,847	845,666

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 Profit and Loss Account.

Approved and authorised by the Board on 30 October 2026 and signed on its behalf by:
 

......................................... Mr P T Venables Director

Walters & Co. (Oxford) Limited

Notes to the Financial Statements for the Year Ended 31 January 2026

1	General information

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

The address of its registered office is:
10 Turl Street
Oxford
OX1 3DN
United Kingdom

These financial statements were authorised for issue by the Board on 30 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.

Going concern

The accounts have been prepared on a going concern basis on the assumption that the company will continue to have the financial support of its parent company.

Audit report

The Independent Auditor's Report was unqualified. The name of the Senior Statutory Auditor who signed the audit report on 30 October 2026 was Ajay Bahl BA BFP FCA, who signed for and on behalf of Wenn Townsend.

Revenue recognition

Turnover comprises the fair value of the consideration received or receivable for the sale of goods and provision of services in the ordinary course of the company’s activities. Turnover is shown net of sales/value added tax, returns, rebates and discounts.

The company recognises revenue when:
The amount of revenue can be reliably measured;
it is probable that future economic benefits will flow to the entity;
and specific criteria have been met for each of the company's activities.

Walters & Co. (Oxford) Limited

Notes to the Financial Statements for the Year Ended 31 January 2026

Tax

The tax expense for the period comprises current tax. Tax is recognised in profit or loss, except that a change attributable to an item of income or expense recognised as other comprehensive income is also recognised directly in other comprehensive income.

The current income tax charge is calculated on the basis of tax rates and laws that have been enacted or substantively enacted by the reporting date in the countries where the company operates and generates taxable income.

Tangible assets

Tangible assets are stated in the balance sheet at cost, less any subsequent accumulated depreciation and subsequent accumulated impairment losses.

The cost of tangible assets includes directly attributable incremental costs incurred in their acquisition and installation.

Depreciation

Depreciation is charged so as to write off the cost of assets, other than land and properties under construction over their estimated useful lives, as follows:

Asset class	Depreciation method and rate
Fixtures, fittings and equipment	25% straight line
Computer Hardware	25% straight line
Improvement to leasehold properties	Over the remaining lease term

Amortisation

Amortisation is provided on intangible assets so as to write off the cost, less any estimated residual value, over their useful life as follows:

Asset class	Amortisation method and rate
Website	25% straight line

Cash and cash equivalents

Cash and cash equivalents comprise cash on hand and call deposits, and other short-term highly liquid investments that are readily convertible to a known amount of cash and are subject to an insignificant risk of change in value.

Trade debtors

Trade debtors are amounts due from customers for merchandise sold or services performed in the ordinary course of business.

Trade debtors are recognised initially at the transaction price. A provision for the impairment of trade debtors is established when there is objective evidence that the company will not be able to collect all amounts due according to the original terms of the receivables.

Stocks

Stock is valued at the lower of cost and net realisable value. A provision is made against the value of certain stock which has been held longer than 12 months. Provision is also made in respect of certain high fashion clothing and equipment due to their exceptional and rapid obsolescence.

Walters & Co. (Oxford) Limited

Notes to the Financial Statements for the Year Ended 31 January 2026

Trade creditors

Trade creditors are obligations to pay for goods or services that have been acquired in the ordinary course of business from suppliers. Accounts payable are classified as current liabilities if the company does not have an unconditional right, at the end of the reporting period, to defer settlement of the creditor for at least twelve months after the reporting date. If there is an unconditional right to defer settlement for at least twelve months after the reporting date, they are presented as non-current liabilities.

Leases

Rentals payable under operating leases are charged in the profit and loss account on a straight line basis over the lease term.

Share capital

Ordinary shares are classified as equity. Equity instruments are measured at the fair value of the cash or other resources received or receivable, net of the direct costs of issuing the equity instruments. If payment is deferred and the time value of money is material, the initial measurement is on a present value basis.

Defined contribution pension obligation

A defined contribution plan is a pension plan under which fixed contributions are paid into a pension fund and the company has no legal or constructive obligation to pay further contributions even if the fund does not hold sufficient assets to pay all employees the benefits relating to employee service in the current and prior periods.

Contributions to defined contribution plans are recognised as employee benefit expense when they are due. If contribution payments exceed the contribution due for service, the excess is recognised as a prepayment.

3	Staff numbers

The average number of persons employed by the company (including directors) during the year, was 13 (2025 - 13).

Walters & Co. (Oxford) Limited

Notes to the Financial Statements for the Year Ended 31 January 2026

4	Intangible assets

	Website  £	Total £
Cost or valuation
At 1 February 2025	7,762	7,762
Additions	1,831	1,831
At 31 January 2026	9,593	9,593
At 1 February 2025	5,821	5,821
Amortisation charge	2,399	2,399
At 31 January 2026	8,220	8,220
Carrying amount
At 31 January 2026	1,373	1,373
At 31 January 2025	1,941	1,941

5	Tangible assets

	Improvements to leasehold property £	Furniture, fittings and equipment  £	Total £
Cost or valuation
At 1 February 2025	14,950	56,656	71,606
Additions	-	19,060	19,060
At 31 January 2026	14,950	75,716	90,666
Depreciation
At 1 February 2025	14,949	45,540	60,489
Charge for the year	-	10,037	10,037
At 31 January 2026	14,949	55,577	70,526
Carrying amount
At 31 January 2026	1	20,139	20,140
At 31 January 2025	1	11,116	11,117

Walters & Co. (Oxford) Limited

Notes to the Financial Statements for the Year Ended 31 January 2026

6

Stocks

	2026 £	2025 £
Finished goods and goods for resale	308,445	322,874

7

Debtors

	Note	2026 £	2025 £
Amounts owed by group companies		871,950	662,404
Prepayments and accrued income		16,189	-
Other debtors		313	7,388
		888,452	669,792

8

Creditors

Creditors: amounts falling due within one year

	Note	2026 £	2025 £
Due within one year
Trade creditors		24,918	13,261
Social security and other taxes		6,677	5,297
Outstanding defined contribution pension costs		2,487	2,276
Accruals and deferred income		70,814	74,214
Corporation tax		66,732	60,724
Other payables		8,838	12,408
		180,466	168,180

9	Share capital

Allotted, called up and fully paid shares

	2026		2025
	No.	£	No.	£
Ordinary shares of £1 each	10,700	10,700	10,700	10,700

Walters & Co. (Oxford) Limited

Notes to the Financial Statements for the Year Ended 31 January 2026

10	Financial commitments, guarantees and contingencies

Amounts not provided for in the balance sheet

The total amount of financial commitments not included in the balance sheet is £14,645 (2025 - £105,245). This relates to future operating lease commitments.

11	Parent and ultimate parent undertaking

The company's immediate parent is Shepherd and Woodward Limited, incorporated in England and Wales.

  These financial statements are available upon request from 109-113 High Street, Oxford, OX1 4BT.