REGISTERED NUMBER: 06859023 (England and Wales)

Unaudited Financial Statements

for the Year Ended 31 December 2018

for

Walker Developments (Yorkshire) Limited

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

4

DIRECTOR:

J M Walker

SECRETARY:

Mrs G L Walker

REGISTERED OFFICE:

Unit 2 Woodlands Mill

Dale Street

Huddersfield

West Yorkshire

HD3 4TG

REGISTERED NUMBER:

06859023 (England and Wales)

FIXED ASSETS

Tangible assets

3

196,971

151,098

CURRENT ASSETS

Debtors

4

33,116

16,584

Cash at bank

4,630

2,371

37,746

18,955

CREDITORS

Amounts falling due within one year

5

168,877

98,449

NET CURRENT LIABILITIES

(131,131

)

(79,494

)

TOTAL ASSETS LESS CURRENT LIABILITIES

65,840

71,604

CREDITORS

Amounts falling due after more than one year

6

61,549

43,486

NET ASSETS

4,291

28,118

CAPITAL AND RESERVES

Called up share capital

100

100

Retained earnings

4,191

28,018

SHAREHOLDERS' FUNDS

4,291

28,118

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 December 2018.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 December 2018 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 of Part 15 of the Companies Act 2006 relating to small companies.

In accordance with Section 444 of the Companies Act 2006, the Income Statement has not been delivered.

The financial statements were approved by the director on 4 March 2019 and were signed by:

J M Walker - Director

1.	STATUTORY INFORMATION

Walker Developments (Yorkshire) 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 the provisions of Section 1A "Small Entities" of Financial Reporting Standard 102 "The Financial Reporting Standard applicable in the UK and Republic of Ireland" and the Companies Act 2006. The financial statements have been prepared under the historical cost convention.

The company currently has net current liabilities as a result of amounts owed to the director of the company.

The director has agreed that he will not call on the monies due, to enable the company to meet its day to day

working capital requirements. On this basis, the director considers it appropriate to prepare the financial

statements on the going concern basis.

Turnover

Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates,

value added tax and other sales taxes.

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 and Over lease term

Motor vehicles

-

25% on reducing balance

Computer equipment

-

33% on cost

Taxation

Taxation for the year comprises current and deferred tax. Tax is recognised in the Income Statement, 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 shorter.

The interest element of these obligations is charged to the profit and loss account over the relevant period. The

capital element of the future payments is treated as a liability.

3.	TANGIBLE FIXED ASSETS

Plant and

Motor

Computer

machinery

vehicles

equipment

Totals

£

£

£

£

COST

At 1 January 2018

383,439

48,650

1,395

433,484

Additions

34,000

89,000

-

123,000

Disposals

(50,477

)

-

-

(50,477

)

At 31 December 2018

366,962

137,650

1,395

506,007

DEPRECIATION

At 1 January 2018

253,835

27,156

1,395

282,386

Charge for year

28,525

27,624

-

56,149

Eliminated on disposal

(29,499

)

-

-

(29,499

)

At 31 December 2018

252,861

54,780

1,395

309,036

NET BOOK VALUE

At 31 December 2018

114,101

82,870

-

196,971

At 31 December 2017

129,604

21,494

-

151,098

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

Plant and

Motor

machinery

vehicles

Totals

£

£

£

COST

At 1 January 2018

337,966

34,400

372,366

Additions

34,000

89,000

123,000

Disposals

(31,000

)

-

(31,000

)

Transfer to ownership

-

(6,100

)

(6,100

)

At 31 December 2018

340,966

117,300

458,266

DEPRECIATION

At 1 January 2018

218,913

15,908

234,821

Charge for year

27,436

26,230

53,666

Eliminated on disposal

(15,128

)

-

(15,128

)

Transfer to ownership

-

(3,527

)

(3,527

)

At 31 December 2018

231,221

38,611

269,832

NET BOOK VALUE

At 31 December 2018

109,745

78,689

188,434

At 31 December 2017

119,053

18,492

137,545

4.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2018

2017

£

£

Other debtors

33,116

16,584

5.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2018

2017

£

£

Hire purchase contracts

85,337

65,906

Trade creditors

6,715

2,254

Other creditors

76,825

30,289

168,877

98,449

6.

CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR

2018

2017

£

£

Hire purchase contracts

61,549

43,486

7.	DIRECTOR'S ADVANCES, CREDITS AND GUARANTEES

Dividends

During the year dividends were paid to director of £30,000 (2017: £30,000).