Company registration number 08705159 (England and Wales)
WALTON MOTORS 4X4 LIMITED
UNAUDITED FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 SEPTEMBER 2022
PAGES FOR FILING WITH REGISTRAR
WALTON MOTORS 4X4 LIMITED
COMPANY INFORMATION
Directors
Mrs Rebecca Wenman
Mr M Wenman
Secretary
Company number
08705159
Registered office
Gautam House
1-3 Shenley Avenue
Ruislip Manor
Middlesex
United Kingdom
HA4 6BP
Accountants
Koshal Associates (Chartered Accountants)
Gautam House
1-3 Shenley Avenue
Ruislip Manor
Middlesex
United Kingdom
HA4 6BP
WALTON MOTORS 4X4 LIMITED
CONTENTS
Page
Balance sheet
1
Notes to the financial statements
2 - 3
WALTON MOTORS 4X4 LIMITED
BALANCE SHEET
AS AT
30 SEPTEMBER 2022
30 September 2022
- 1 -
2022
2021
Notes
£
£
£
£
Current assets
Stocks
167,410
111,314
Debtors
(1)
(1)
Cash at bank and in hand
35,706
60,312
203,115
171,625
Creditors: amounts falling due within one year
3
(224,011)
(171,254)
Net current (liabilities)/assets
(20,896)
371
Capital and reserves
Called up share capital
100
100
Profit and loss reserves
(20,996)
271
Total equity
(20,896)
371
The directors of the company have elected not to include a copy of the profit and loss account within the financial statements.true
For the financial year ended 30 September 2022 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.
The directors acknowledge their responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of financial statements.
The members have not required the company to obtain an audit of its financial statements for the year in question in accordance with section 476.
These financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime.
The financial statements were approved by the board of directors and authorised for issue on 12 September 2023 and are signed on its behalf by:
Mr M Wenman
Director
Company registration number 08705159 (England and Wales)
WALTON MOTORS 4X4 LIMITED
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 SEPTEMBER 2022
- 2 -
1
Accounting policies
Company information
Walton Motors 4x4 Limited is a private company limited by shares incorporated in England and Wales. The registered office is Gautam House, 1-3 Shenley Avenue, Ruislip Manor, Middlesex, United Kingdom, HA4 6BP.
1.1
Accounting convention
These financial statements have been prepared in accordance with FRS 102 “The Financial Reporting Standard applicable in the UK and Republic of Ireland” (“FRS 102”) and the requirements of the Companies Act 2006 as applicable to companies subject to the small companies regime. The disclosure requirements of section 1A of FRS 102 have been applied other than where additional disclosure is required to show a true and fair view.
1.2
Turnover
Turnover is recognised at the fair value of the consideration received or receivable for goods and services provided in the normal course of business, and is shown net of VAT and other sales related taxes. The fair value of consideration takes into account trade discounts, settlement discounts and volume rebates.
1.3
Stocks
Stocks are stated at the lower of cost and net realising value, after making due allowance for obsolete and slow moving items.
1.4
Taxation
The tax expense represents the sum of the tax currently payable.
Current tax
The tax currently payable is based on taxable profit for the year. Taxable profit differs from net profit as reported in the profit and loss account because it excludes items of income or expense that are taxable or deductible in other years and it further excludes 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 reporting end date.
1.5
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.
1.6
Hire purchase and other post-retirement benefits
Rentals payable under operating leases, including any lease incentives received, are charged to profit or loss on a straight line basis over the term of the relevant lease.
2
Employees
The average monthly number of persons (including directors) employed by the company during the year was:
2022
2021
Number
Number
Total
2
2
WALTON MOTORS 4X4 LIMITED
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 30 SEPTEMBER 2022
- 3 -
3
Creditors: amounts falling due within one year
2022
2021
£
£
Bank loans
120,588
50,000
Trade creditors
41,545
Corporation tax
53,863
27,192
Other taxation and social security
1,415
1,922
Other creditors
6,600
92,140
224,011
171,254