Caseware UK (AP4) 2023.0.135 2023.0.135 2023-05-312023-05-312982022-06-01The members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.No description of principal activityfalse3133truetrue 00548893 2022-06-01 2023-05-31 00548893 2021-06-01 2022-05-31 00548893 2023-05-31 00548893 2022-05-31 00548893 2021-06-01 00548893 c:Director1 2022-06-01 2023-05-31 00548893 d:Buildings 2022-06-01 2023-05-31 00548893 d:Buildings 2023-05-31 00548893 d:Buildings 2022-05-31 00548893 d:Buildings d:OwnedOrFreeholdAssets 2022-06-01 2023-05-31 00548893 d:Buildings d:LeasedAssetsHeldAsLessee 2022-06-01 2023-05-31 00548893 d:Buildings d:LongLeaseholdAssets 2022-06-01 2023-05-31 00548893 d:Buildings d:LongLeaseholdAssets 2023-05-31 00548893 d:Buildings d:LongLeaseholdAssets 2022-05-31 00548893 d:PlantMachinery 2022-06-01 2023-05-31 00548893 d:PlantMachinery 2023-05-31 00548893 d:PlantMachinery 2022-05-31 00548893 d:PlantMachinery d:OwnedOrFreeholdAssets 2022-06-01 2023-05-31 00548893 d:PlantMachinery d:LeasedAssetsHeldAsLessee 2022-06-01 2023-05-31 00548893 d:MotorVehicles 2022-06-01 2023-05-31 00548893 d:MotorVehicles 2023-05-31 00548893 d:MotorVehicles 2022-05-31 00548893 d:MotorVehicles d:OwnedOrFreeholdAssets 2022-06-01 2023-05-31 00548893 d:MotorVehicles d:LeasedAssetsHeldAsLessee 2022-06-01 2023-05-31 00548893 d:FurnitureFittings 2022-06-01 2023-05-31 00548893 d:FurnitureFittings 2023-05-31 00548893 d:FurnitureFittings 2022-05-31 00548893 d:FurnitureFittings d:OwnedOrFreeholdAssets 2022-06-01 2023-05-31 00548893 d:FurnitureFittings d:LeasedAssetsHeldAsLessee 2022-06-01 2023-05-31 00548893 d:OwnedOrFreeholdAssets 2022-06-01 2023-05-31 00548893 d:LeasedAssetsHeldAsLessee 2022-06-01 2023-05-31 00548893 d:PatentsTrademarksLicencesConcessionsSimilar 2023-05-31 00548893 d:PatentsTrademarksLicencesConcessionsSimilar 2022-05-31 00548893 d:Goodwill 2023-05-31 00548893 d:Goodwill 2022-05-31 00548893 d:CurrentFinancialInstruments 2023-05-31 00548893 d:CurrentFinancialInstruments 2022-05-31 00548893 d:Non-currentFinancialInstruments 2023-05-31 00548893 d:Non-currentFinancialInstruments 2022-05-31 00548893 d:CurrentFinancialInstruments d:WithinOneYear 2023-05-31 00548893 d:CurrentFinancialInstruments d:WithinOneYear 2022-05-31 00548893 d:Non-currentFinancialInstruments d:AfterOneYear 2023-05-31 00548893 d:Non-currentFinancialInstruments d:AfterOneYear 2022-05-31 00548893 d:ShareCapital 2023-05-31 00548893 d:ShareCapital 2022-05-31 00548893 d:RetainedEarningsAccumulatedLosses 2023-05-31 00548893 d:RetainedEarningsAccumulatedLosses 2022-05-31 00548893 c:FRS102 2022-06-01 2023-05-31 00548893 c:AuditExempt-NoAccountantsReport 2022-06-01 2023-05-31 00548893 c:FullAccounts 2022-06-01 2023-05-31 00548893 c:PrivateLimitedCompanyLtd 2022-06-01 2023-05-31 00548893 d:WithinOneYear 2023-05-31 00548893 d:WithinOneYear 2022-05-31 00548893 d:BetweenOneFiveYears 2023-05-31 00548893 d:BetweenOneFiveYears 2022-05-31 00548893 d:AcceleratedTaxDepreciationDeferredTax 2023-05-31 00548893 d:AcceleratedTaxDepreciationDeferredTax 2022-05-31 00548893 d:RetirementBenefitObligationsDeferredTax 2023-05-31 00548893 d:RetirementBenefitObligationsDeferredTax 2022-05-31 00548893 d:MotorVehicles d:LeasedAssetsHeldAsLessee 2023-05-31 00548893 d:MotorVehicles d:LeasedAssetsHeldAsLessee 2022-05-31 00548893 d:Goodwill d:OwnedIntangibleAssets 2022-06-01 2023-05-31 00548893 d:PatentsTrademarksLicencesConcessionsSimilar d:OwnedIntangibleAssets 2022-06-01 2023-05-31 iso4217:GBP xbrli:pure

Registered number: 00548893










E.T.WHITE & SONS,LIMITED








UNAUDITED

FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 MAY 2023

 
E.T.WHITE & SONS,LIMITED
REGISTERED NUMBER: 00548893

BALANCE SHEET
AS AT 31 MAY 2023

2023
2022
Note
£
£

Fixed assets
  

Intangible assets
 4 
-
4,700

Tangible assets
 5 
586,663
576,793

  
586,663
581,493

Current assets
  

Stocks
  
150,877
129,253

Debtors: amounts falling due within one year
 6 
651,949
413,411

Cash at bank and in hand
  
433,911
566,592

  
1,236,737
1,109,256

Creditors: amounts falling due within one year
 7 
(957,336)
(825,393)

Net current assets
  
 
 
279,401
 
 
283,863

Total assets less current liabilities
  
866,064
865,356

Creditors: amounts falling due after more than one year
 8 
(451,536)
(511,000)

Provisions for liabilities
  

Deferred tax
 9 
(52,707)
(48,531)

Net assets
  
361,821
305,825


Capital and reserves
  

Called up share capital 
  
6,000
6,000

Profit and loss account
  
355,821
299,825

  
361,821
305,825


Page 1

 
E.T.WHITE & SONS,LIMITED
REGISTERED NUMBER: 00548893
    
BALANCE SHEET (CONTINUED)
AS AT 31 MAY 2023

The directors consider that the Company is entitled to exemption from audit under section 477 of the Companies Act 2006 and members have not required the Company to obtain an audit for the year in question in accordance with section 476 of the Companies Act 2006.

The directors acknowledge their responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of financial statements.

The financial statements have been prepared in accordance with the provisions applicable to companies subject to the small companies regime and in accordance with the provisions of FRS 102 Section 1A - small entities.

The financial statements have been delivered in accordance with the provisions applicable to companies subject to the small companies regime.

The Company has opted not to file the statement of income and retained earnings in accordance with provisions applicable to companies subject to the small companies' regime.

The financial statements were approved and authorised for issue by the board and were signed on its behalf on 19 February 2024.




E R White
Director

The notes on pages 3 to 11 form part of these financial statements.

Page 2

 
E.T.WHITE & SONS,LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MAY 2023

1.


General information

E.T.White & Sons,Limited is a private Company limited by guarantee, incorporated in England and Wales (registered number: 00548893). Its registered office is Flint House Garage, Calver Sough, Hope Valley, S32 3XH. The principal activity of the Company throughout the year continued to be the operation of a petrol station, Spar shop and café. 

2.Accounting policies

 
2.1

Basis of preparation of financial statements

The financial statements have been prepared under the historical cost convention unless otherwise specified within these accounting policies and in accordance with Section 1A of Financial Reporting Standard 102, the Financial Reporting Standard applicable in the UK and the Republic of Ireland and the Companies Act 2006.

The following principal accounting policies have been applied:

 
2.2

Revenue

Revenue is recognised to the extent that it is probable that the economic benefits will flow to the Company and the revenue can be reliably measured. Revenue is measured as the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes. The following criteria must also be met before revenue is recognised:

Sale of goods

Revenue from the sale of goods is recognised when all of the following conditions are satisfied:
the Company has transferred the significant risks and rewards of ownership to the buyer;
the Company retains neither continuing managerial involvement to the degree usually associated with ownership nor effective control over the goods sold;
the amount of revenue can be measured reliably;
it is probable that the Company will receive the consideration due under the transaction; and
the costs incurred or to be incurred in respect of the transaction can be measured reliably.

Page 3

 
E.T.WHITE & SONS,LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MAY 2023

2.Accounting policies (continued)

 
2.3

Intangible assets

Intangible assets are initially recognised at cost. After recognition, under the cost model, intangible assets are measured at cost less any accumulated amortisation and any accumulated impairment losses.
Goodwill
Goodwill represents the difference between amounts paid on the cost of a business combination and the acquirer’s interest in the fair value of its identifiable assets and liabilities of the acquiree at the date of acquisition. Subsequent to initial recognition, goodwill is measured at cost less accumulated amortisation and accumulated impairment losses. Goodwill is amortised on a straight line basis to the Statement of Income and Retained Earnings over its useful economic life, which is ten years.
Franchise fee
Franchise fees relate to the amounts paid by the company to operate franchises. The fees are amortised on a straight line basis to the Statement of Income and Retained Earnings over the useful economic life, which is five years.

 
2.4

Tangible fixed assets

Tangible fixed assets under the cost model are stated at historical cost less accumulated depreciation and any accumulated impairment losses. Historical cost includes expenditure that is directly attributable to bringing the asset to the location and condition necessary for it to be capable of operating in the manner intended by management.

Depreciation is charged so as to allocate the cost of assets less their residual value over their estimated useful lives, as follows.

The depreciation rates used are:

Freehold property
-
2% straight line
L/Term Leasehold Property
-
2% straight line
Plant & machinery
-
20% reducing balance
Motor vehicles
-
20% reducing balance
Fixtures & fittings
-
15% reducing balance / 33% straight line

The assets' residual values, useful lives and depreciation methods are reviewed, and adjusted prospectively if appropriate, or if there is an indication of a significant change since the last reporting date.

Gains and losses on disposals are determined by comparing the proceeds with the carrying amount and are recognised in profit or loss.

Page 4

 
E.T.WHITE & SONS,LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MAY 2023

2.Accounting policies (continued)

 
2.5

Stocks

Stocks are stated at the lower of cost and net realisable value, being the estimated selling price less costs to complete and sell. Cost is based on the cost of purchase on a first in, first out basis. Work in progress and finished goods include labour and attributable overheads.

At each Balance Sheet date, stocks are assessed for impairment. If stock is impaired, the carrying amount is reduced to its selling price less costs to complete and sell. The impairment loss is recognised immediately in the Statement of Income and Retained Earnings.

 
2.6

Financial instruments

The Company only enters into basic financial instrument transactions that result in the recognition of financial assets and liabilities such as bank and cash balances, trade and other accounts receivable and payable, loans from banks and other third parties and loans to and from related parties.
Debt instruments (other than those wholly repayable or receivable within one year), including loans and other accounts receivable and payable, are initially measured at the transaction price and subsequently at amortised cost using the effective interest method. Debt instruments that are payable or receivable within one year, typically trade payables and receivables, are measured, initially and subsequently, at the undiscounted amount of the cash or other consideration expected to be paid or received. However, if the arrangements of a short-term instrument constitute a financing transaction, the financial asset or liability is measured, initially, at the present value of the future cash flow discounted at a market rate of interest for a similar debt instrument and subsequently at amortised cost.
Financial assets and liabilities are offset and the net amount reported in the Balance Sheet when there is an enforceable right to set off the recognised amounts and there is an intention to settle on a net basis or to realise the asset and settle the liability simultaneously.

 
2.7

Operating leases: the Company as lessee

Rentals paid under operating leases are charged to profit or loss on a straight-line basis over the lease term.

 
2.8

Leased assets: the Company as lessee

Assets obtained under hire purchase contracts and finance leases are capitalised as tangible fixed assets. Assets acquired by finance lease are depreciated over the shorter of the lease term and their useful lives. Assets acquired by hire purchase are depreciated over their useful lives. Finance leases are those where substantially all of the benefits and risks of ownership are assumed by the company. Obligations under such agreements are included in creditors net of the finance charge allocated to future periods. The finance element of the rental payment is charged to the Statement of Income and Retained Earnings so as to produce a constant periodic rate of charge on the net obligation outstanding in each period.

Page 5

 
E.T.WHITE & SONS,LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MAY 2023

2.Accounting policies (continued)

 
2.9

Pensions

Defined contribution pension plan
The Company operates a defined contribution plan for its employees. A defined contribution plan is a pension plan under which the Company pays fixed contributions into a separate entity. Once the contributions have been paid the Company has no further payment obligations.
The contributions are recognised as an expense in the Statement of Income and Retained Earnings when they fall due. Amounts not paid are shown in accruals as a liability in the Balance Sheet. The assets of the plan are held separately from the Company in independently administered funds. 

  
2.10

Current and deferred taxation

Tax is recognised in the Statement of Income and Retained Earnings.
The current tax charge is calculated on the basis of tax rates and laws that have been enacted or substantively enacted by the Balance Sheet date in the countries where the Company operates and generates income. 
Deferred tax balances are recognised in respect of all timing differences that have originated but not reversed by the Balance Sheet date, except that: 
The recognition of deferred tax assets is limited to the extent that it is probable that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits; and any deferred tax balances are reversed if and when all conditions for retaining associated tax allowances have been met. 


3.


Employees

The average monthly number of employees, including directors, during the year was 31 (2022 - 33).

Page 6

 
E.T.WHITE & SONS,LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MAY 2023

4.


Intangible assets




Franchise
Goodwill
Total

£
£
£



Cost


At 1 June 2022
5,000
47,000
52,000



At 31 May 2023

5,000
47,000
52,000



Amortisation


At 1 June 2022
5,000
42,300
47,300


Charge for the year on owned assets
-
4,700
4,700



At 31 May 2023

5,000
47,000
52,000



Net book value



At 31 May 2023
-
-
-



At 31 May 2022
-
4,700
4,700



Page 7

 
E.T.WHITE & SONS,LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MAY 2023

5.


Tangible fixed assets





Freehold property
L/Term Leasehold Property
Plant & machinery
Motor vehicles
Fixtures & fittings
Total

£
£
£
£
£
£



Cost or valuation


At 1 June 2022
425,793
15,722
138,915
51,326
500,341
1,132,097


Additions
-
-
59,692
-
8,265
67,957


Disposals
-
-
(480)
-
-
(480)



At 31 May 2023

425,793
15,722
198,127
51,326
508,606
1,199,574



Depreciation


At 1 June 2022
128,625
2,348
65,969
17,046
341,316
555,304


Charge for the year on owned assets
5,666
298
19,821
-
24,973
50,758


Charge for the year on financed assets
-
-
-
6,856
-
6,856


Disposals
-
-
(7)
-
-
(7)



At 31 May 2023

134,291
2,646
85,783
23,902
366,289
612,911



Net book value



At 31 May 2023
291,502
13,076
112,344
27,424
142,317
586,663



At 31 May 2022
297,168
13,374
72,946
34,280
159,025
576,793

The net book value of assets held under finance leases or hire purchase contracts, included above, are as follows:


2023
2022
£
£


Motor vehicles
27,424
34,281

Page 8

 
E.T.WHITE & SONS,LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MAY 2023

6.


Debtors

2023
2022
£
£


Trade debtors
352
-

Amounts owed by group undertakings
125,960
125,583

Other debtors
511,818
271,107

Prepayments and accrued income
13,819
16,721

651,949
413,411



7.


Creditors: Amounts falling due within one year

2023
2022
£
£

Bank overdrafts
215,722
239,455

Bank loans
31,956
51,304

Trade creditors
408,615
321,339

Amounts owed to group undertakings
2,560
-

Corporation tax
213,110
139,331

Other taxation and social security
19,553
33,197

Obligations under finance lease and hire purchase contracts
6,355
10,206

Other creditors
50,805
20,340

Accruals and deferred income
8,660
10,221

957,336
825,393


The Company meets its day to day working capital requirements through a bank overdraft facility for which security has been given by the company by way of a mortgage debenture and which, in common with all such facilities, is repayable on demand. The Company is operating within its agreed facilities and the director expects it to be able to continue doing so for at least one year from the date on which the  financial statements were approved. In view of the relationship with the Company's bankers, the director considers it reasonable to rely on the continuation of the overdraft facility.

Page 9

 
E.T.WHITE & SONS,LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MAY 2023

8.


Creditors: Amounts falling due after more than one year

2023
2022
£
£

Bank loans
411,172
445,433

Net obligations under finance leases and hire purchase contracts
738
7,093

Other creditors
39,626
58,474

451,536
511,000


Amounts included within obligations under finance lease and hire purchase contracts are secured against
the underlying assets.
The bank borrowings are secured by a legal charge over the freehold property. There is an unlimited
guarantee provided by the Company and ET White & Sons Holdings Limited.

The aggregate amount of liabilities repayable wholly or in part more than five years after the balance sheet date is:

2023
2022
£
£


Repayable by instalments
-
3,800



Page 10

 
E.T.WHITE & SONS,LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MAY 2023

9.


Deferred taxation




2023
2022


£

£






At beginning of year
48,531
28,585


Charged to profit or loss
4,176
19,946



At end of year
52,707
48,531

The provision for deferred taxation is made up as follows:

2023
2022
£
£


Accelerated capital allowances
52,827
48,629

Pension surplus
(120)
(98)

52,707
48,531


10.


Pension commitments

The Company operates a defined contributions pension scheme. The assets of the scheme are held separately from those of the Company in an independently administered fund. The pension cost charge represents contributions payable by the Company to the fund and amounted to £7,407 (2022: £5,805). Contributions totalling £483 (2022: £390) were payable to the fund at the Balance Sheet date and are included in creditors.


11.


Commitments under operating leases

At 31 May 2023 the Company had future minimum lease payments due under non-cancellable operating leases for each of the following periods:

2023
2022
£
£


Not later than 1 year
71,947
86,876

Later than 1 year and not later than 5 years
-
7,765

71,947
94,641


12.


Controlling party

The ultimate holding company of E.T.White & Sons,Limited is ET White & Sons Holdings Limited whose registered office is Flint House Garage, Calver Sough, Hope Valley, Derbyshire, S32 3XH. 

 
Page 11