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REGISTERED NUMBER: 11365046 (England and Wales)















Whitetree Group Ltd

Unaudited Financial Statements for the Year Ended 31 May 2023






Whitetree Group Ltd (Registered number: 11365046)






Contents of the Financial Statements
for the year ended 31 May 2023




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


Whitetree Group Ltd

Company Information
for the year ended 31 May 2023







DIRECTORS: D Brown
O Gaudion
A Ferguson





REGISTERED OFFICE: One New Street
Wells
Somerset
BA5 2LA





REGISTERED NUMBER: 11365046 (England and Wales)





ACCOUNTANTS: Webb & Co Ltd
Accountants and Business Advisers
One New Street
Wells
Somerset
BA5 2LA

Whitetree Group Ltd (Registered number: 11365046)

Balance Sheet
31 May 2023

2023 2022
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 3 23,525 13,564

CURRENT ASSETS
Stocks 307,577 8,113
Debtors 4 264,504 257,492
Cash at bank 358,183 42,410
930,264 308,015
CREDITORS
Amounts falling due within one year 5 548,772 250,162
NET CURRENT ASSETS 381,492 57,853
TOTAL ASSETS LESS CURRENT
LIABILITIES

405,017

71,417

PROVISIONS FOR LIABILITIES 5,881 2,577
NET ASSETS 399,136 68,840

CAPITAL AND RESERVES
Called up share capital 6 90 90
Retained earnings 399,046 68,750
SHAREHOLDERS' FUNDS 399,136 68,840

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

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

Whitetree Group Ltd (Registered number: 11365046)

Balance Sheet - continued
31 May 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 Profit and Loss Account has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 1 September 2023 and were signed on its behalf by:





D Brown - Director


Whitetree Group Ltd (Registered number: 11365046)

Notes to the Financial Statements
for the year ended 31 May 2023

1. 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 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.
Plant and machinery - 33% on cost
Fixtures and fittings - 15% on cost

Stocks
Work in progress is valued at the lower of cost and net realisable value.

Cost is calculated using the first-in, first-out method and includes all purchase, transport, and handling costs in bringing stocks to their present location and condition.

Taxation
Taxation for the year comprises current and deferred tax. Tax is recognised in the Profit and Loss Account, 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
Rentals paid under operating leases are charged to profit or loss on a straight line basis over the period of the lease.

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.

2. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 60 (2022 - 16 ) .

Whitetree Group Ltd (Registered number: 11365046)

Notes to the Financial Statements - continued
for the year ended 31 May 2023

3. TANGIBLE FIXED ASSETS
Fixtures
Plant and and
machinery fittings Totals
£    £    £   
COST
At 1 June 2022 33,462 4,763 38,225
Additions 23,063 793 23,856
At 31 May 2023 56,525 5,556 62,081
DEPRECIATION
At 1 June 2022 23,675 986 24,661
Charge for year 13,062 833 13,895
At 31 May 2023 36,737 1,819 38,556
NET BOOK VALUE
At 31 May 2023 19,788 3,737 23,525
At 31 May 2022 9,787 3,777 13,564

4. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Trade debtors 209,436 242,184
Other debtors 55,068 15,308
264,504 257,492

5. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Trade creditors 161,015 18,035
Taxation and social security 338,545 186,837
Other creditors 49,212 45,290
548,772 250,162

6. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 2023 2022
value: £    £   
720 Ordinary £0.10 72 72
180 Ordinary A £0.10 18 18
90 90