Company registration number 03009634 (England and Wales)
Whiteleys of Halifax Limited
Unaudited
Financial Statements
for the year ended 31 January 2022
PAGES FOR FILING WITH REGISTRAR
Whiteleys of Halifax Limited
Contents
Page
Balance sheet
1 - 2
Notes to the financial statements
3 - 5
Whiteleys of Halifax Limited
Balance Sheet
as at 31 January 2022
- 1 -
2022
2021
Notes
£
£
£
£
Fixed assets
Tangible assets
3
492
579
Current assets
Stocks
3,400
2,252
Debtors
4
6,868
6,855
Cash at bank and in hand
11,032
7,866
21,300
16,973
Creditors: amounts falling due within one year
5
(20,963)
(14,802)
Net current assets
337
2,171
Total assets less current liabilities
829
2,750
Creditors: amounts falling due after more than one year
6
(5,802)
(7,467)
Net liabilities
(4,973)
(4,717)
Capital and reserves
Called up share capital
100
100
Profit and loss reserves
(5,073)
(4,817)
Total equity
(4,973)
(4,717)
Whiteleys of Halifax Limited
Balance Sheet (continued)
as at 31 January 2022
- 2 -
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 31 January 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 7 September 2022 and are signed on its behalf by:
R W Whiteley
Director
Company Registration No. 03009634
Whiteleys of Halifax Limited
Notes to the financial statements
for the year ended 31 January 2022
- 3 -
1
Accounting policies
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.
The financial statements have been prepared under the historical cost convention. The principal accounting policies adopted are set out below.
The financial statements are prepared in sterling, which is the functional currency of the company.
Turnover
Turnover represents the fair value of the consideration received for goods provided in the normal course of business, and is shown net of VAT. Turnover is recognised on the supply of goods.
Tangible fixed assets
Tangible fixed assets are initially measured at cost and subsequently measured at cost less depreciation.
Depreciation is recognised so as to write off the cost of assets less their residual values over their useful lives on the following bases:
Fixtures, fittings & equipment
- 15% reducing balance
The gain or loss arising on the disposal of an asset is determined as the difference between the sale proceeds and the carrying value of the asset, and is credited or charged to profit or loss.
Stocks
Stocks are stated at the lower of cost and estimated selling price less costs to complete and sell. Cost comprises direct materials and, where applicable, direct labour costs and those overheads that have been incurred in bringing the stocks to their present location and condition.
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.
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
Whiteleys of Halifax Limited
Notes to the financial statements (continued)
for the year ended 31 January 2022
- 4 -
3
Tangible fixed assets
Fixtures, fittings & equipment
£
Cost
At 1 February 2021 and 31 January 2022
10,712
Depreciation and impairment
At 1 February 2021
10,133
Depreciation charged in the year
87
At 31 January 2022
10,220
Carrying amount
At 31 January 2022
492
At 31 January 2021
579
4
Debtors
2022
2021
Amounts falling due within one year:
£
£
Trade debtors
6,801
6,382
Corporation tax recoverable
473
Other debtors
67
6,868
6,855
5
Creditors: amounts falling due within one year
2022
2021
£
£
Bank loan
1,600
533
Trade creditors
3,759
2,654
Taxation and social security
1,836
1,040
Other creditors
12,773
9,408
Accruals and deferred income
995
1,167
20,963
14,802
6
Creditors: amounts falling due after more than one year
2022
2021
£
£
Bank loan
5,802
7,467
Whiteleys of Halifax Limited
Notes to the financial statements (continued)
for the year ended 31 January 2022
- 5 -
7
Company information
Whiteleys of Halifax Limited is a private company limited by shares incorporated in England and Wales. The registered office is 5/6 Bank End, Upper Greetland, Halifax, HX4 8PR.