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REGISTERED NUMBER: 03360338 (England and Wales)















Unaudited Financial Statements for the Year Ended 31 March 2023

for

Whiffaway Ltd

Whiffaway Ltd (Registered number: 03360338)






Contents of the Financial Statements
for the Year Ended 31 March 2023




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


Whiffaway Ltd

Company Information
for the Year Ended 31 March 2023







DIRECTORS: V Mclean
J Mclean
S Marshall





SECRETARY: V Mclean





REGISTERED OFFICE: Unit 6
Premacto Business Estate
Queensmead Road
High Wycombe
Buckinghamshire
HP10 9XA





REGISTERED NUMBER: 03360338 (England and Wales)

Whiffaway Ltd (Registered number: 03360338)

Balance Sheet
31 March 2023

31.3.23 31.3.22
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 768,980 782,865
Investments 5 316,125 266,125
1,085,105 1,048,990

CURRENT ASSETS
Stocks 517,451 261,546
Debtors 6 871,515 921,637
Cash at bank 2,670,401 2,712,587
4,059,367 3,895,770
CREDITORS
Amounts falling due within one year 7 425,192 593,850
NET CURRENT ASSETS 3,634,175 3,301,920
TOTAL ASSETS LESS CURRENT
LIABILITIES

4,719,280

4,350,910

CREDITORS
Amounts falling due after more than one year 8 274,222 294,362
NET ASSETS 4,445,058 4,056,548

CAPITAL AND RESERVES
Called up share capital 20 20
Retained earnings 4,445,038 4,056,528
4,445,058 4,056,548

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

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

Whiffaway Ltd (Registered number: 03360338)

Balance Sheet - continued
31 March 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 20 December 2023 and were signed on its behalf by:




V Mclean - Director



J Mclean - Director


Whiffaway Ltd (Registered number: 03360338)

Notes to the Financial Statements
for the Year Ended 31 March 2023

1. STATUTORY INFORMATION

Whiffaway Ltd 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.
Land and buildings - in accordance with the property
Plant and machinery etc - 15% on reducing balance

Investments in associates
Investments in associate undertakings are recognised at cost.

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.

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 28 (2022 - 24 ) .

Whiffaway Ltd (Registered number: 03360338)

Notes to the Financial Statements - continued
for the Year Ended 31 March 2023

4. TANGIBLE FIXED ASSETS
Plant and
Land and machinery
buildings etc Totals
£    £    £   
COST
At 1 April 2022 723,388 197,478 920,866
Additions - 963 963
At 31 March 2023 723,388 198,441 921,829
DEPRECIATION
At 1 April 2022 14,431 123,570 138,001
Charge for year 3,617 11,231 14,848
At 31 March 2023 18,048 134,801 152,849
NET BOOK VALUE
At 31 March 2023 705,340 63,640 768,980
At 31 March 2022 708,957 73,908 782,865

5. FIXED ASSET INVESTMENTS
Interest
in
associate
£   
COST
At 1 April 2022
and 31 March 2023 316,125
NET BOOK VALUE
At 31 March 2023 316,125
At 31 March 2022 316,125

6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.3.23 31.3.22
£    £   
Trade debtors 852,485 921,637
Other debtors 19,030 -
871,515 921,637

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.3.23 31.3.22
£    £   
Trade creditors 221,022 402,353
Taxation and social security 129,912 131,600
Other creditors 74,258 59,897
425,192 593,850

Whiffaway Ltd (Registered number: 03360338)

Notes to the Financial Statements - continued
for the Year Ended 31 March 2023

8. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR
31.3.23 31.3.22
£    £   
Bank loans 274,222 294,362

Amounts falling due in more than five years:

Repayable by instalments
Bank Loan 274,222 294,362