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REGISTERED NUMBER: SC414838 (Scotland)













UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 JANUARY 2023

FOR

WHITEFORD JOINERY & BUILDING SERVICES
LTD

WHITEFORD JOINERY & BUILDING SERVICES
LTD (REGISTERED NUMBER: SC414838)






CONTENTS OF THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 JANUARY 2023




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


WHITEFORD JOINERY & BUILDING SERVICES
LTD

COMPANY INFORMATION
FOR THE YEAR ENDED 31 JANUARY 2023







DIRECTOR: E McKerron





REGISTERED OFFICE: 6th Floor
Gordon Chambers
90 Mitchell Street
Glasgow
G1 3NQ





REGISTERED NUMBER: SC414838 (Scotland)





ACCOUNTANTS: Cornerstone Accountants
6th Floor
Gordon Chambers
90 Mitchell Street
Glasgow
Lanarkshire
G1 3NQ

WHITEFORD JOINERY & BUILDING SERVICES
LTD (REGISTERED NUMBER: SC414838)

BALANCE SHEET
31 JANUARY 2023

2023 2022
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 4,065 5,389

CURRENT ASSETS
Stocks 5 4,090 1,585
Debtors 6 7,692 10,630
Cash at bank and in hand 948 3,017
12,730 15,232
CREDITORS
Amounts falling due within one year 7 12,509 16,310
NET CURRENT ASSETS/(LIABILITIES) 221 (1,078 )
TOTAL ASSETS LESS CURRENT
LIABILITIES

4,286

4,311

CREDITORS
Amounts falling due after more than one
year

8

(2,994

)

(4,181

)

PROVISIONS FOR LIABILITIES (772 ) (1,024 )
NET ASSETS/(LIABILITIES) 520 (894 )

CAPITAL AND RESERVES
Called up share capital 1 1
Retained earnings 519 (895 )
SHAREHOLDERS' FUNDS 520 (894 )

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

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

WHITEFORD JOINERY & BUILDING SERVICES
LTD (REGISTERED NUMBER: SC414838)

BALANCE SHEET - continued
31 JANUARY 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 director and authorised for issue on 25 October 2023 and were signed by:





E McKerron - Director


WHITEFORD JOINERY & BUILDING SERVICES
LTD (REGISTERED NUMBER: SC414838)

NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 JANUARY 2023

1. STATUTORY INFORMATION

Whiteford Joinery & Building Services Ltd is a private company, limited by shares , registered in Scotland. 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 the amounts derived from the provision of goods and services which fall within the company's ordinary activities. Revenue is recognised on despatch of goods and provision of services.

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 - 20% on a reducing balance basis
Motor vehicles - 25% on a reducing balance basis

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

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 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.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 1 (2022 - 1 ) .

WHITEFORD JOINERY & BUILDING SERVICES
LTD (REGISTERED NUMBER: SC414838)

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

4. TANGIBLE FIXED ASSETS
Plant and Motor
machinery vehicles Totals
£    £    £   
COST
At 1 February 2022
and 31 January 2023 3,210 15,594 18,804
DEPRECIATION
At 1 February 2022 2,755 10,660 13,415
Charge for year 91 1,233 1,324
At 31 January 2023 2,846 11,893 14,739
NET BOOK VALUE
At 31 January 2023 364 3,701 4,065
At 31 January 2022 455 4,934 5,389

5. STOCKS
2023 2022
£    £   
Stocks 520 355
Work-in-progress 3,570 1,230
4,090 1,585

6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Other debtors 7,692 10,630

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Bank loans and overdrafts 1,187 1,158
Hire purchase contracts - 1,855
Taxation and social security 7,545 9,973
Other creditors 3,777 3,324
12,509 16,310

8. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
2023 2022
£    £   
Bank loans 2,994 4,181