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REGISTERED NUMBER: 04660968 (England and Wales)


























Unaudited Financial Statements

for the Year Ended 31 March 2022

for

Whitefields Storage Limited

Whitefields Storage Limited (Registered number: 04660968)






Contents of the Financial Statements
for the Year Ended 31 March 2022




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 3

Chartered Accountants' Report 6

Whitefields Storage Limited

Company Information
for the Year Ended 31 March 2022







DIRECTORS: Mrs C D M Hammond
A J Hammond





SECRETARY: A J Hammond





REGISTERED OFFICE: Whitefields
Tithby Road
Bingham
Nottingham
Nottinghamshire
NG13 8GQ





REGISTERED NUMBER: 04660968 (England and Wales)





ACCOUNTANTS: Wright Vigar Limited
Chartered Accountants & Business Advisers
Chancery Court
34 West Street
Retford
Nottinghamshire
DN22 6ES

Whitefields Storage Limited (Registered number: 04660968)

Balance Sheet
31 March 2022

2022 2021
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 182,203 165,098

CURRENT ASSETS
Stocks 3,206 2,668
Debtors 5 81,779 80,782
Cash at bank 828,773 760,847
913,758 844,297
CREDITORS
Amounts falling due within one year 6 105,699 119,215
NET CURRENT ASSETS 808,059 725,082
TOTAL ASSETS LESS CURRENT
LIABILITIES

990,262

890,180

PROVISIONS FOR LIABILITIES 5,243 6,264
NET ASSETS 985,019 883,916

CAPITAL AND RESERVES
Called up share capital 7 4 4
Retained earnings 985,015 883,912
SHAREHOLDERS' FUNDS 985,019 883,916

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 March 2022.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 March 2022 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 Income Statement has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 22 July 2022 and were signed on its behalf by:





Mrs C D M Hammond - Director


Whitefields Storage Limited (Registered number: 04660968)

Notes to the Financial Statements
for the Year Ended 31 March 2022

1. STATUTORY INFORMATION

Whitefields Storage 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.

The presentation currency of the financial statements is the Pound Sterling (£).


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 represents net invoiced sale of good and services, excluding value added tax.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Freehold property - 10% on cost and 2% on cost
Improvements to property - 10% on cost
Plant and equipment - 15% on reducing balance
Motor vehicles - 25% on reducing balance
Computer equipment - 33% on cost

Stocks
Stocks are valued at the lower of cost and net realisable value, after making due allowance for obsolete and slow moving items.

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.

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 4 (2021 - 4 ) .

Whitefields Storage Limited (Registered number: 04660968)

Notes to the Financial Statements - continued
for the Year Ended 31 March 2022

4. TANGIBLE FIXED ASSETS
Improvements
Freehold to Plant and
property property equipment
£    £    £   
COST
At 1 April 2021 132,456 44,594 127,049
Additions - - 30,500
At 31 March 2022 132,456 44,594 157,549
DEPRECIATION
At 1 April 2021 26,054 20,354 95,606
Charge for year 2,330 3,527 6,609
At 31 March 2022 28,384 23,881 102,215
NET BOOK VALUE
At 31 March 2022 104,072 20,713 55,334
At 31 March 2021 106,402 24,240 31,443

Motor Computer
vehicles equipment Totals
£    £    £   
COST
At 1 April 2021 17,418 32,201 353,718
Additions - - 30,500
At 31 March 2022 17,418 32,201 384,218
DEPRECIATION
At 1 April 2021 14,639 31,967 188,620
Charge for year 695 234 13,395
At 31 March 2022 15,334 32,201 202,015
NET BOOK VALUE
At 31 March 2022 2,084 - 182,203
At 31 March 2021 2,779 234 165,098

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2022 2021
£    £   
Trade debtors 73,152 72,259
Other debtors 8,627 8,523
81,779 80,782

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2022 2021
£    £   
Trade creditors - 6,331
Taxation and social security 43,526 49,649
Other creditors 62,173 63,235
105,699 119,215

Whitefields Storage Limited (Registered number: 04660968)

Notes to the Financial Statements - continued
for the Year Ended 31 March 2022

7. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 2022 2021
value: £    £   
2 A Ordinary £1 2 2
2 B Ordinary £1 2 2
4 4

Chartered Accountants' Report to the Board of Directors
on the Unaudited Financial Statements of
Whitefields Storage Limited

The following reproduces the text of the report prepared for the directors in respect of the company's annual unaudited financial statements. In accordance with the Companies Act 2006, the company is only required to file a Balance Sheet. Readers are cautioned that the Income Statement and certain other primary statements and the Report of the Directors are not required to be filed with the Registrar of Companies.

In order to assist you to fulfil your duties under the Companies Act 2006, we have prepared for your approval the financial statements of Whitefields Storage Limited for the year ended 31 March 2022 which comprise the Income Statement, Balance Sheet, Statement of Changes in Equity and the related notes from the company's accounting records and from information and explanations you have given us.

As a practising member firm of the Institute of Chartered Accountants in England and Wales (ICAEW), we are subject to its ethical and other professional requirements which are detailed within the ICAEW's regulations and guidance at http://www.icaew.com/en/membership/regulations-standards-and-guidance.

This report is made solely to the Board of Directors of Whitefields Storage Limited, as a body, in accordance with our terms of engagement. Our work has been undertaken solely to prepare for your approval the financial statements of Whitefields Storage Limited and state those matters that we have agreed to state to the Board of Directors of Whitefields Storage Limited, as a body, in this report in accordance with ICAEW Technical Release 07/16AAF. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than Whitefields Storage Limited and its Board of Directors, as a body, for our work or for this report.

It is your duty to ensure that Whitefields Storage Limited has kept adequate accounting records and to prepare statutory financial statements that give a true and fair view of the assets, liabilities, financial position and profit of Whitefields Storage Limited. You consider that Whitefields Storage Limited is exempt from the statutory audit requirement for the year.

We have not been instructed to carry out an audit or a review of the financial statements of Whitefields Storage Limited. For this reason, we have not verified the accuracy or completeness of the accounting records or information and explanations you have given to us and we do not, therefore, express any opinion on the statutory financial statements.






Wright Vigar Limited
Chartered Accountants & Business Advisers
Chancery Court
34 West Street
Retford
Nottinghamshire
DN22 6ES


22 July 2022