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REGISTERED NUMBER: 08560643 (England and Wales)















Financial Statements for the Year Ended 30 June 2023

for

Whitman Building Services Ltd

Whitman Building Services Ltd (Registered number: 08560643)






Contents of the Financial Statements
for the Year Ended 30 June 2023




Page

Company Information 1

Statement of Financial Position 2

Notes to the Financial Statements 4


Whitman Building Services Ltd

Company Information
for the Year Ended 30 June 2023







DIRECTOR: P D Whitman





REGISTERED OFFICE: 4 Reading Road
Pangbourne
Reading
Berkshire
RG8 7LY





REGISTERED NUMBER: 08560643 (England and Wales)





ACCOUNTANTS: Geoffrey Cole & Co
4 Reading Road
Pangbourne
Reading
Berkshire
RG8 7LY

Whitman Building Services Ltd (Registered number: 08560643)

Statement of Financial Position
30 June 2023

2023 2022
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 106,741 22,670

CURRENT ASSETS
Stocks 9,622 19,259
Debtors 5 1,056,221 971,695
Cash at bank and in hand 268,265 101,579
1,334,108 1,092,533
CREDITORS
Amounts falling due within one year 6 896,695 857,645
NET CURRENT ASSETS 437,413 234,888
TOTAL ASSETS LESS CURRENT
LIABILITIES

544,154

257,558

CREDITORS
Amounts falling due after more than one
year

7

(1,437

)

(19,353

)

PROVISIONS FOR LIABILITIES (26,685 ) (4,197 )
NET ASSETS 516,032 234,008

CAPITAL AND RESERVES
Called up share capital 20,000 20,000
Retained earnings 496,032 214,008
SHAREHOLDERS' FUNDS 516,032 234,008

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

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

Whitman Building Services Ltd (Registered number: 08560643)

Statement of Financial Position - continued
30 June 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 12 March 2024 and were signed by:





P D Whitman - Director


Whitman Building Services Ltd (Registered number: 08560643)

Notes to the Financial Statements
for the Year Ended 30 June 2023

1. STATUTORY INFORMATION

Whitman Building Services 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.

The financial statements have been prepared on a going concern basis, which assumes the company will continue in operational existence, and will be able to meet its liabilities as they fall due, for a period of at least twelve months from the date of approval of the financial statements.

Turnover
Turnover represents net invoiced sales of goods and amounts due under contract, 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 cost
Fixtures and fittings - 20% on cost
Motor vehicles - 20% on cost
Computer equipment - 33% on 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 statement of financial position date.

Research and development
Expenditure on research and development is written off in the year in which it is incurred.


Whitman Building Services Ltd (Registered number: 08560643)

Notes to the Financial Statements - continued
for the Year Ended 30 June 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 14 (2022 - 14 ) .

4. TANGIBLE FIXED ASSETS
Plant and
machinery
etc
£   
COST
At 1 July 2022 117,815
Additions 102,477
Disposals (56,320 )
At 30 June 2023 163,972
DEPRECIATION
At 1 July 2022 95,145
Charge for year 16,799
Eliminated on disposal (54,713 )
At 30 June 2023 57,231
NET BOOK VALUE
At 30 June 2023 106,741
At 30 June 2022 22,670

Whitman Building Services Ltd (Registered number: 08560643)

Notes to the Financial Statements - continued
for the Year Ended 30 June 2023

4. TANGIBLE FIXED ASSETS - continued

Fixed assets, included in the above, which are held under hire purchase contracts are as follows:

Plant and
machinery
etc
£   
COST
At 1 July 2022
and 30 June 2023 14,000
DEPRECIATION
At 1 July 2022 7,459
Charge for year 2,800
At 30 June 2023 10,259
NET BOOK VALUE
At 30 June 2023 3,741
At 30 June 2022 6,541

5. DEBTORS
2023 2022
£    £   
Amounts falling due within one year:
Trade debtors 448,715 721,145
Amounts owed by group undertakings 2,174 240
Amounts recoverable on contract 42,980 109,000
Other debtors 440,463 141,310
934,332 971,695

Amounts falling due after more than one year:
Other debtors 121,889 -

Aggregate amounts 1,056,221 971,695

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Bank loans and overdrafts - 82,858
Hire purchase contracts (see note 8) 3,265 3,004
Trade creditors 293,784 565,794
Taxation and social security 294,956 117,612
Other creditors 304,690 88,377
896,695 857,645

Whitman Building Services Ltd (Registered number: 08560643)

Notes to the Financial Statements - continued
for the Year Ended 30 June 2023

7. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
2023 2022
£    £   
Bank loans - 14,651
Hire purchase contracts (see note 8) 1,437 4,702
1,437 19,353

8. LEASING AGREEMENTS

Minimum lease payments fall due as follows:

Hire purchase contracts
2023 2022
£    £   
Net obligations repayable:
Within one year 3,265 3,004
Between one and five years 1,437 4,702
4,702 7,706

Non-cancellable operating leases
2023 2022
£    £   
Within one year 12,983 14,709
Between one and five years 12,275 -
25,258 14,709

9. SECURED DEBTS

A charge was created on 30 July 2021 whereby Marketfinance Ltd holds a fixed and floating charge over all the property or undertaking of the company.

10. DIRECTOR'S ADVANCES, CREDITS AND GUARANTEES

As at 30 June 2023, P Whitman & Mrs C Whitman owed the company £361,153 (2022 : £103,184) This loan is repayable on demand and interest free.

11. ULTIMATE CONTROLLING PARTY

The ultimate controlling party is P D Whitman, by virtue of his controlling interest in the issued share capital of the ultimate parent company, Whitman Commercial Ltd.