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REGISTERED NUMBER: 02472949 (England and Wales)









Financial Statements

for the Year Ended 30 June 2023

for

Whitaker & Sawyer (Brushes) Limited

Whitaker & Sawyer (Brushes) Limited (Registered number: 02472949)






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


Whitaker & Sawyer (Brushes) Limited

Company Information
for the Year Ended 30 June 2023







DIRECTOR: N E Forbes





SECRETARY: Mrs F B Forbes





REGISTERED OFFICE: 28 Church Road
Stanmore
Middlesex
HA7 4XR





REGISTERED NUMBER: 02472949 (England and Wales)





ACCOUNTANTS: Parker Cavendish
Chartered Accountants
28 Church Road
Stanmore
Middlesex
HA7 4XR

Whitaker & Sawyer (Brushes) Limited (Registered number: 02472949)

Statement of Financial Position
30 June 2023

2023 2022
Notes £    £    £    £   
FIXED ASSETS
Intangible assets 4 - -
Property, plant and equipment 5 1,147 2,676
1,147 2,676

CURRENT ASSETS
Inventories 27,607 30,841
Debtors 6 93,370 104,442
Cash at bank and in hand 5,560 9,601
126,537 144,884
CREDITORS
Amounts falling due within one year 7 97,683 97,052
NET CURRENT ASSETS 28,854 47,832
TOTAL ASSETS LESS CURRENT
LIABILITIES

30,001

50,508

CREDITORS
Amounts falling due after more than one
year

8

(19,912

)

(35,195

)

PROVISIONS FOR LIABILITIES (196 ) (507 )
NET ASSETS 9,893 14,806

CAPITAL AND RESERVES
Called up share capital 100 100
Retained earnings 9,793 14,706
SHAREHOLDERS' FUNDS 9,893 14,806

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.

Whitaker & Sawyer (Brushes) Limited (Registered number: 02472949)

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 Statement of Income and Retained Earnings has not been delivered.

The financial statements were approved by the director and authorised for issue on 12 March 2024 and were signed by:





N E Forbes - Director


Whitaker & Sawyer (Brushes) Limited (Registered number: 02472949)

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

1. STATUTORY INFORMATION

Whitaker & Sawyer (Brushes) 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.

The presentation currency of the financial statements is the Pound Sterling (£).


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
Revenue is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes.

Goodwill
Acquired goodwill is written off in equal annual instalments over its estimated useful economic life of 20 years.

Intangible assets
Intangible assets are initially measured at cost. After initial recognition, intangible assets are measured at cost less any accumulated amortisation and any accumulated impairment losses.

Tangible fixed assets
Depreciation is provided at rates calculated to write off the cost less residual value of each asset over its expected useful life, as follows:

Fixtures, fittings & equipment - 25% reducing balance

Stocks
Stock is valued at the lower of cost and net realisable value.

Hire purchase and leasing commitments
Assets obtained under hire purchase contracts and finance leases are capitalised as tangible assets and depreciated over the shorter of the lease term and their useful lives. 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 profit and loss account so as to produce constant periodic rates of charge on the net obligations outstanding in each period.

Rentals payable under operating leases are charged against income on a straight line basis over the lease term.

Pension costs and other post-retirement benefits
The pension costs charged in the financial statements represent the contribution payable by the company during the year.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 8 (2022 - 8 ) .

Whitaker & Sawyer (Brushes) Limited (Registered number: 02472949)

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

4. INTANGIBLE FIXED ASSETS
Goodwill
£   
COST
At 1 July 2022
and 30 June 2023 65,796
AMORTISATION
At 1 July 2022
and 30 June 2023 65,796
NET BOOK VALUE
At 30 June 2023 -
At 30 June 2022 -

5. PROPERTY, PLANT AND EQUIPMENT
Fixtures,
fittings
& equipment
£   
COST
At 1 July 2022
and 30 June 2023 17,372
DEPRECIATION
At 1 July 2022 14,696
Charge for year 1,529
At 30 June 2023 16,225
NET BOOK VALUE
At 30 June 2023 1,147
At 30 June 2022 2,676

6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Trade debtors 45,982 57,078
Amounts owed by group undertakings 46,374 45,879
Prepayments & accrued income 1,014 1,485
93,370 104,442

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Bank loans and overdrafts 15,274 18,398
Trade creditors 38,229 28,269
Tax 20,597 25,110
Social security & other taxes 684 703
Value added tax 9,674 10,246
Directors' current accounts 3,285 3,285
Accruals & deferred income 9,940 11,041
97,683 97,052

Whitaker & Sawyer (Brushes) Limited (Registered number: 02472949)

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

8. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR
2023 2022
£    £   
Bank loans - more than 1 year 19,912 35,195

9. RELATED PARTY DISCLOSURES

The company has taken advantage of exemption, under the terms of Financial Reporting Standard 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland', not to disclose related party transactions with wholly owned subsidiaries within the group.