REGISTERED NUMBER: 04374457 (England and Wales)

Financial Statements for the Year Ended 30 November 2024

for

Richard Walker Limited

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

4

DIRECTORS:

R H Walker

H M Walker

SECRETARY:

R H Walker

REGISTERED OFFICE:

Selbourne Bungalow

Back Commons

Clitheroe

Lancashire

BB7 2DX

REGISTERED NUMBER:

04374457 (England and Wales)

ACCOUNTANTS:

Bennett Kirkhope Smith

Chartered Certified Accountants

Suites 5 & 6 The Printworks

Hey Road

Barrow

Clitheroe

Lancashire

BB7 9WB

FIXED ASSETS

Intangible assets

4

-

-

Tangible assets

5

130,554

162,960

130,554

162,960

CURRENT ASSETS

Debtors

6

51,117

42,706

Cash at bank

74,881

47,494

125,998

90,200

CREDITORS

Amounts falling due within one year

7

146,818

88,966

NET CURRENT (LIABILITIES)/ASSETS

(20,820

)

1,234

TOTAL ASSETS LESS CURRENT LIABILITIES

109,734

164,194

CREDITORS

Amounts falling due after more than one year

8

-

(8,497

)

PROVISIONS FOR LIABILITIES

9

(39,745

)

(35,888

)

NET ASSETS

69,989

119,809

CAPITAL AND RESERVES

Called up share capital

10

100

100

Retained earnings

69,889

119,709

SHAREHOLDERS' FUNDS

69,989

119,809

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 30 November 2024.

The members have not required the company to obtain an audit of its financial statements for the year ended 30 November 2024 in accordance with Section 476 of the Companies Act 2006.

The directors acknowledge their 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 Board of Directors and authorised for issue on 28 November 2025 and were signed on its behalf by:

R H Walker - Director

1.	STATUTORY INFORMATION

Richard 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.

Turnover

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

Goodwill

Goodwill, being the amount paid in connection with the acquisition of a business in 2002, is being amortised evenly over its estimated useful life of twenty years.

Intangible assets

Intangible assets are initially measured at cost. After initial recognition, intangible assets are measured at cost less any accumulated amortisation and any accumulated impairment losses.

Tangible fixed assets

Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life or, if held under a finance lease, over the lease term, whichever is the shorter.

Plant and machinery

-

20% on reducing balance

Fixtures and fittings

-

25% on cost

Computer equipment

-

33% on 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 balance sheet date.

Deferred tax

Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the balance sheet 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.

Hire purchase and leasing commitments

Assets obtained under hire purchase contracts or finance leases are capitalised in the balance sheet. Those held under hire purchase contracts are depreciated over their estimated useful lives. Those held under finance leases are depreciated over their estimated useful lives or the lease term, whichever is the shorter.

The interest element of these obligations is charged to profit or loss over the relevant period. The capital element of the future payments is treated as a liability.

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 3 (2023 - 3 ) .

4.	INTANGIBLE FIXED ASSETS

Goodwill

£

COST

At 1 December 2023

and 30 November 2024

15,000

AMORTISATION

At 1 December 2023

and 30 November 2024

15,000

NET BOOK VALUE

At 30 November 2024

-

At 30 November 2023

-

5.	TANGIBLE FIXED ASSETS

Fixtures

Plant and

and

Computer

machinery

fittings

equipment

Totals

£

£

£

£

COST

At 1 December 2023

255,544

320

4,520

260,384

Additions

568

-

491

1,059

At 30 November 2024

256,112

320

5,011

261,443

DEPRECIATION

At 1 December 2023

93,711

320

3,393

97,424

Charge for year

32,437

-

1,028

33,465

At 30 November 2024

126,148

320

4,421

130,889

NET BOOK VALUE

At 30 November 2024

129,964

-

590

130,554

At 30 November 2023

161,833

-

1,127

162,960

Fixed assets, included in the above, which are held under hire purchase contracts are as follows:

Plant and

machinery

£

COST

At 1 December 2023

and 30 November 2024

113,000

DEPRECIATION

At 1 December 2023

36,160

Charge for year

15,368

At 30 November 2024

51,528

NET BOOK VALUE

At 30 November 2024

61,472

At 30 November 2023

76,840

6.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

30.11.24

30.11.23

£

£

Trade debtors

47,429

39,115

Prepayments

3,688

3,591

51,117

42,706

7.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

30.11.24

30.11.23

£

£

Hire purchase contracts

8,497

16,330

Trade creditors

2,884

2,362

Corporation tax

24,560

9,474

VAT

13,791

12,412

Other creditors

1,470

-

Directors' current accounts

87,082

39,439

Accrued expenses

8,534

8,949

146,818

88,966

8.

CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR

30.11.24

30.11.23

£

£

Hire purchase contracts

-

8,497

9.	PROVISIONS FOR LIABILITIES

30.11.24

30.11.23

£

£

Deferred tax

39,745

35,888

Deferred

tax

£

Balance at 1 December 2023

35,888

Charge to Statement of Income and Retained Earnings during year

3,857

Balance at 30 November 2024

39,745

10.	CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:

Number:

Class:

Nominal

30.11.24

30.11.23

value:

£

£

100

Ordinary

£1

100

100