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REGISTERED NUMBER: 02456037 (England and Wales)















UNAUDITED FINANCIAL STATEMENTS FOR THE YEAR ENDED 31ST MARCH 2023

FOR

WHITELEYS OFFICE SUPPLIES LIMITED

WHITELEYS OFFICE SUPPLIES LIMITED (REGISTERED NUMBER: 02456037)

CONTENTS OF THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31ST MARCH 2023










Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


WHITELEYS OFFICE SUPPLIES LIMITED

COMPANY INFORMATION
FOR THE YEAR ENDED 31ST MARCH 2023







DIRECTORS: S W Newins
C A Aves





SECRETARY: C A Aves





REGISTERED OFFICE: Croft House
Croft Road
Bromley
Kent
BR1 4DR





REGISTERED NUMBER: 02456037 (England and Wales)





ACCOUNTANTS: Currie Accountancy Limited
Chartered Accountants
First Floor
13a High Street
Edenbridge
Kent
TN8 5AB

WHITELEYS OFFICE SUPPLIES LIMITED (REGISTERED NUMBER: 02456037)

BALANCE SHEET
31ST MARCH 2023

2023 2022
Notes £    £    £    £   
FIXED ASSETS
Property, plant and equipment 4 554,939 556,583

CURRENT ASSETS
Inventories 1,000 1,000
Debtors 5 100,572 99,842
Cash at bank and in hand 635,546 439,647
737,118 540,489
CREDITORS
Amounts falling due within one year 6 370,695 203,345
NET CURRENT ASSETS 366,423 337,144
TOTAL ASSETS LESS CURRENT
LIABILITIES

921,362

893,727

PROVISIONS FOR LIABILITIES 7 89,668 68,459
NET ASSETS 831,694 825,268

CAPITAL AND RESERVES
Called up share capital 2 2
Revaluation reserve 379,234 379,234
Retained earnings 452,458 446,032
SHAREHOLDERS' FUNDS 831,694 825,268

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31st March 2023.

The members have not required the company to obtain an audit of its financial statements for the year ended 31st March 2023 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.

WHITELEYS OFFICE SUPPLIES LIMITED (REGISTERED NUMBER: 02456037)

BALANCE SHEET - continued
31ST MARCH 2023


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 14th September 2023 and were signed on its behalf by:





S W Newins - Director


WHITELEYS OFFICE SUPPLIES LIMITED (REGISTERED NUMBER: 02456037)

NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31ST MARCH 2023


1. STATUTORY INFORMATION

Whiteleys Office Supplies 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 as modified by the revaluation of certain assets.

Turnover
Revenue 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 the cost less estimated residual value of each asset over its estimated useful life.
Improvements to property - 20% on reducing balance
Fixtures and fittings - 25% on reducing balance
Motor vehicles - 25% on reducing balance
Computer equipment - 25% on reducing balance

No depreciation is provided on the freehold property because the carrying amount is equal to the residual value. Land is not depreciated.

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

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 7 (2022 - 9 ) .

WHITELEYS OFFICE SUPPLIES LIMITED (REGISTERED NUMBER: 02456037)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31ST MARCH 2023


4. PROPERTY, PLANT AND EQUIPMENT
Improvements Fixtures
Freehold to and
property property fittings
£    £    £   
COST OR VALUATION
At 1st April 2022
and 31st March 2023 550,000 13,591 20,638
DEPRECIATION
At 1st April 2022 - 13,539 20,605
Charge for year - 10 8
At 31st March 2023 - 13,549 20,613
NET BOOK VALUE
At 31st March 2023 550,000 42 25
At 31st March 2022 550,000 52 33

Motor Computer
vehicles equipment Totals
£    £    £   
COST OR VALUATION
At 1st April 2022
and 31st March 2023 20,500 3,836 608,565
DEPRECIATION
At 1st April 2022 14,014 3,824 51,982
Charge for year 1,622 4 1,644
At 31st March 2023 15,636 3,828 53,626
NET BOOK VALUE
At 31st March 2023 4,864 8 554,939
At 31st March 2022 6,486 12 556,583

Cost or valuation at 31st March 2023 is represented by:

Improvements Fixtures
Freehold to and
property property fittings
£    £    £   
Valuation in 2000 110,000 - -
Valuation in 2009 320,000 - -
Valuation in 2015 120,000 - -
Cost - 13,591 20,638
550,000 13,591 20,638

WHITELEYS OFFICE SUPPLIES LIMITED (REGISTERED NUMBER: 02456037)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31ST MARCH 2023


4. PROPERTY, PLANT AND EQUIPMENT - continued

Motor Computer
vehicles equipment Totals
£    £    £   
Valuation in 2000 - - 110,000
Valuation in 2009 - - 320,000
Valuation in 2015 - - 120,000
Cost 20,500 3,836 58,565
20,500 3,836 608,565

Freehold land and buildings were valued on a fair value basis on 1st April 2015 by the directors .

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Trade debtors 92,098 96,794
Other debtors 8,474 3,048
100,572 99,842

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Trade creditors 296,813 117,590
Taxation and social security 46,699 56,996
Other creditors 27,183 28,759
370,695 203,345

7. PROVISIONS FOR LIABILITIES
2023 2022
£    £   
Deferred tax
Accelerated capital allowances 1,224 1,241
On property revaluation 88,444 67,218
89,668 68,459

Deferred
tax
£   
Balance at 1st April 2022 68,459
Charge to Income Statement during year 21,209
Balance at 31st March 2023 89,668