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REGISTERED NUMBER: 02211840 (England and Wales)
























UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 30 SEPTEMBER 2023

FOR

WHB LOGISTICS LIMITED

WHB LOGISTICS LIMITED (REGISTERED NUMBER: 02211840)

CONTENTS OF THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 SEPTEMBER 2023










Page

Company Information 1

Balance Sheet 2 to 3

Notes to the Financial Statements 4 to 8


WHB LOGISTICS LIMITED

COMPANY INFORMATION
FOR THE YEAR ENDED 30 SEPTEMBER 2023







DIRECTORS: S Pettefer
A L Pettefer
A O Pettefer
A W Pettefer





REGISTERED OFFICE: 1 Clarendon Drive
Wymbush
Milton Keynes
Buckinghamshire
MK8 8DA





REGISTERED NUMBER: 02211840 (England and Wales)





ACCOUNTANTS: TC Group
Baird House
Seebeck Place
Knowlhill
Milton Keynes
Buckinghamshire
MK5 8FR

WHB LOGISTICS LIMITED (REGISTERED NUMBER: 02211840)

BALANCE SHEET
30 SEPTEMBER 2023

2023 2022
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 108,453 121,865
Investments 5 19,602 41,306
128,055 163,171

CURRENT ASSETS
Stocks 575 575
Debtors 6 609,823 1,069,365
Cash at bank and in hand 636,090 298,816
1,246,488 1,368,756
CREDITORS
Amounts falling due within one year 7 466,611 646,281
NET CURRENT ASSETS 779,877 722,475
TOTAL ASSETS LESS CURRENT LIABILITIES 907,932 885,646

CREDITORS
Amounts falling due after more than one
year

8

(23,755

)

(55,540

)

PROVISIONS FOR LIABILITIES 10 (16,245 ) (17,294 )
NET ASSETS 867,932 812,812

CAPITAL AND RESERVES
Called up share capital 200 200
Capital redemption reserve 25,050 25,050
Retained earnings 842,682 787,562
SHAREHOLDERS' FUNDS 867,932 812,812

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

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

WHB LOGISTICS LIMITED (REGISTERED NUMBER: 02211840)

BALANCE SHEET - continued
30 SEPTEMBER 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 28 March 2024 and were signed on its behalf by:




A O Pettefer - Director



A W Pettefer - Director


WHB LOGISTICS LIMITED (REGISTERED NUMBER: 02211840)

NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 SEPTEMBER 2023


1. STATUTORY INFORMATION

WHB Logistics 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 represents net invoiced sales of services, excluding value added tax.

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.
Plant and machinery - 25% on reducing balance
Fixtures and fittings - 25% on reducing balance
Motor vehicles - 33% on reducing balance

Investments in subsidiaries
Investments in subsidiary undertakings are recognised at cost.

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.

WHB LOGISTICS LIMITED (REGISTERED NUMBER: 02211840)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 30 SEPTEMBER 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.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 11 (2022 - 11 ) .

4. TANGIBLE FIXED ASSETS
Fixtures
Short Plant and and Motor
leasehold machinery fittings vehicles Totals
£    £    £    £    £   
COST
At 1 October 2022 19,773 180,003 28,105 221,541 449,422
Additions - - 631 42,942 43,573
Disposals - (30,821 ) - (30,666 ) (61,487 )
At 30 September 2023 19,773 149,182 28,736 233,817 431,508
DEPRECIATION
At 1 October 2022 9,228 145,010 17,826 155,493 327,557
Charge for year 1,977 8,857 2,728 40,892 54,454
Eliminated on disposal - (31,256 ) - (27,700 ) (58,956 )
At 30 September 2023 11,205 122,611 20,554 168,685 323,055
NET BOOK VALUE
At 30 September 2023 8,568 26,571 8,182 65,132 108,453
At 30 September 2022 10,545 34,993 10,279 66,048 121,865

WHB LOGISTICS LIMITED (REGISTERED NUMBER: 02211840)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 30 SEPTEMBER 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 October 2022
and 30 September 2023 143,395
DEPRECIATION
At 1 October 2022 83,542
Charge for year 36,345
At 30 September 2023 119,887
NET BOOK VALUE
At 30 September 2023 23,508
At 30 September 2022 59,853

5. FIXED ASSET INVESTMENTS
Shares in
group Other
undertakings investments Totals
£    £    £   
COST
At 1 October 2022 19,602 21,704 41,306
Disposals - (21,704 ) (21,704 )
At 30 September 2023 19,602 - 19,602
NET BOOK VALUE
At 30 September 2023 19,602 - 19,602
At 30 September 2022 19,602 21,704 41,306

The company's investments at the Balance Sheet date in the share capital of companies include the following:

One Stop Craft Shop Ltd
Registered office: 1 Clarendon Drive, Wymbush, Milton Keynes
Nature of business: Distribution of goods
%
Class of shares: holding
Ordinary 100.00
2023 2022
£    £   
Aggregate capital and reserves 42,616 52,295
(Loss)/profit for the year (9,579 ) 4,368

WHB LOGISTICS LIMITED (REGISTERED NUMBER: 02211840)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 30 SEPTEMBER 2023


6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Trade debtors 537,926 1,005,538
VAT 372 -
Prepayments 71,525 63,827
609,823 1,069,365

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Bank loans and overdrafts 8,454 8,205
Hire purchase contracts 24,427 26,664
Trade creditors 173,243 341,904
Amounts owed to group undertakings 42,716 -
Corporation tax 43,306 70,156
Social security and other taxes 23,934 17,075
VAT - 2,854
Other creditor - 22,500
Directors' current accounts 3,768 53,706
Accruals and deferred income 146,763 103,217
466,611 646,281

8. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR
2023 2022
£    £   
Bank loans - 1-2 years 7,560 7,560
Bank loans - 2-5 years 8,737 16,095
Hire purchase contracts 7,458 31,885
23,755 55,540

9. SECURED DEBTS

The following secured debts are included within creditors:

2023 2022
£    £   
Hire purchase contracts 31,885 58,549

10. PROVISIONS FOR LIABILITIES
2023 2022
£    £   
Deferred tax
Accelerated capital allowances 16,245 17,294

WHB LOGISTICS LIMITED (REGISTERED NUMBER: 02211840)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 30 SEPTEMBER 2023


10. PROVISIONS FOR LIABILITIES - continued

Deferred
tax
£   
Balance at 1 October 2022 17,294
Credit to Income Statement during year (1,049 )
Balance at 30 September 2023 16,245

11. ULTIMATE CONTROLLING PARTY

The directors hold the controlling interest.