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REGISTERED NUMBER: 07248256 (England and Wales)















WHITE'S FOODSERVICE EQUIPMENT LIMITED

UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 30 APRIL 2023






WHITE'S FOODSERVICE EQUIPMENT LIMITED (REGISTERED NUMBER: 07248256)

CONTENTS OF THE FINANCIAL STATEMENTS
For The Year Ended 30 APRIL 2023










Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


WHITE'S FOODSERVICE EQUIPMENT LIMITED

COMPANY INFORMATION
For The Year Ended 30 APRIL 2023







DIRECTOR: T J White





REGISTERED OFFICE: Unit 8
Padgets Lane
South Moons Moat
Redditch
Worcestershire
B98 0RA





REGISTERED NUMBER: 07248256 (England and Wales)





ACCOUNTANTS: Charles Lovell & Co Limited
Chartered Certified Accountants
and Statutory Auditors
8 Church Green East
Redditch
Worcestershire
B98 8BP

WHITE'S FOODSERVICE EQUIPMENT LIMITED (REGISTERED NUMBER: 07248256)

BALANCE SHEET
30 APRIL 2023

30.4.23 30.4.22
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 388,911 386,974

CURRENT ASSETS
Stocks 2,136,487 1,830,864
Debtors 5 912,181 1,113,843
Cash at bank and in hand 909,808 801,465
3,958,476 3,746,172
CREDITORS
Amounts falling due within one year 6 3,108,542 2,909,726
NET CURRENT ASSETS 849,934 836,446
TOTAL ASSETS LESS CURRENT
LIABILITIES

1,238,845

1,223,420

CREDITORS
Amounts falling due after more than one
year

7

(26,521

)

(20,603

)

PROVISIONS FOR LIABILITIES 9 (56,409 ) (53,190 )
NET ASSETS 1,155,915 1,149,627

CAPITAL AND RESERVES
Called up share capital 1 1
Retained earnings 1,155,914 1,149,626
SHAREHOLDERS' FUNDS 1,155,915 1,149,627

WHITE'S FOODSERVICE EQUIPMENT LIMITED (REGISTERED NUMBER: 07248256)

BALANCE SHEET - continued
30 APRIL 2023


The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 30 April 2023.

The members have not required the company to obtain an audit of its financial statements for the year ended 30 April 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.

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 31 October 2023 and were signed by:





T J White - Director


WHITE'S FOODSERVICE EQUIPMENT LIMITED (REGISTERED NUMBER: 07248256)

NOTES TO THE FINANCIAL STATEMENTS
For The Year Ended 30 APRIL 2023


1. STATUTORY INFORMATION

White's Foodservice Equipment 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.

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 or, if held under a finance lease, over the lease term, whichever is the shorter.
Improvements to Property - 10% on cost
Plant and machinery - 20% on reducing balance
Fixtures and fittings - at variable rates on reducing balance
Motor vehicles - 25% on reducing balance

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.

Foreign currencies
Assets and liabilities in foreign currencies are translated into sterling at the rates of exchange ruling at the balance sheet date. Transactions in foreign currencies are translated into sterling at the rate of exchange ruling at the date of transaction. Exchange differences are taken into account in arriving at the operating result.

WHITE'S FOODSERVICE EQUIPMENT LIMITED (REGISTERED NUMBER: 07248256)

NOTES TO THE FINANCIAL STATEMENTS - continued
For The Year Ended 30 APRIL 2023


2. ACCOUNTING POLICIES - continued

Hire purchase and leasing commitments
Assets obtained under hire purchase contracts or finance leases are capitalised in the balance sheet. Those held under hire purchase contracts are depreciated over their estimated useful lives. Those held under finance leases are depreciated over their estimated useful lives or the lease term, whichever is the shorter.

The interest element of these obligations is charged to profit or loss over the relevant period. The capital element of the future payments is treated as a liability.

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.

Government grants
Government grants relating to fixed assets are treated as deferred income and released over the assets' useful lives. Grants relating to revenue expenditure are recognised in the profit and loss account in the period in which the relevant costs are incurred.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 22 (2022 - 18 ) .

4. TANGIBLE FIXED ASSETS
Improvements Fixtures
to Plant and and Motor
Property machinery fittings vehicles Totals
£    £    £    £    £   
COST
At 1 May 2022 148,162 132,234 210,901 175,310 666,607
Additions - 1,186 38,355 56,000 95,541
At 30 April 2023 148,162 133,420 249,256 231,310 762,148
DEPRECIATION
At 1 May 2022 42,167 72,673 84,681 80,112 279,633
Charge for year 14,816 11,991 31,332 35,465 93,604
At 30 April 2023 56,983 84,664 116,013 115,577 373,237
NET BOOK VALUE
At 30 April 2023 91,179 48,756 133,243 115,733 388,911
At 30 April 2022 105,995 59,561 126,220 95,198 386,974

WHITE'S FOODSERVICE EQUIPMENT LIMITED (REGISTERED NUMBER: 07248256)

NOTES TO THE FINANCIAL STATEMENTS - continued
For The Year Ended 30 APRIL 2023


4. TANGIBLE FIXED ASSETS - continued

Fixed assets, included in the above, which are held under hire purchase contracts are as follows:
Motor
vehicles
£   
COST
At 1 May 2022 42,000
Additions 27,500
At 30 April 2023 69,500
DEPRECIATION
At 1 May 2022 875
Charge for year 16,010
At 30 April 2023 16,885
NET BOOK VALUE
At 30 April 2023 52,615
At 30 April 2022 41,125

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
30.4.23 30.4.22
£    £   
Trade debtors 540,757 662,936
Amounts owed by group undertakings 267,634 351,519
Other debtors 103,790 99,388
912,181 1,113,843

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
30.4.23 30.4.22
£    £   
Hire purchase contracts (see note 8) 15,878 9,662
Trade creditors 844,109 901,170
Amounts owed to group undertakings 1,978,980 1,815,774
Taxation and social security 242,023 152,539
Other creditors 27,552 30,581
3,108,542 2,909,726

7. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR
30.4.23 30.4.22
£    £   
Hire purchase contracts (see note 8) 26,521 20,603

WHITE'S FOODSERVICE EQUIPMENT LIMITED (REGISTERED NUMBER: 07248256)

NOTES TO THE FINANCIAL STATEMENTS - continued
For The Year Ended 30 APRIL 2023


8. LEASING AGREEMENTS

Minimum lease payments fall due as follows:

Hire purchase contracts
30.4.23 30.4.22
£    £   
Net obligations repayable:
Within one year 15,878 9,662
Between one and five years 26,521 20,603
42,399 30,265

Non-cancellable operating leases
30.4.23 30.4.22
£    £   
Within one year 109,612 63,667
Between one and five years - 109,612
109,612 173,279

9. PROVISIONS FOR LIABILITIES
30.4.23 30.4.22
£    £   
Deferred tax 56,409 53,190

Deferred
tax
£   
Balance at 1 May 2022 53,190
Provided during year 3,219
Balance at 30 April 2023 56,409