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REGISTERED NUMBER: 04861864 (England and Wales)












UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 OCTOBER 2023

FOR

WHITEHALL ELECTRICAL LIMITED

WHITEHALL ELECTRICAL LIMITED (REGISTERED NUMBER: 04861864)






CONTENTS OF THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 OCTOBER 2023




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


WHITEHALL ELECTRICAL LIMITED

COMPANY INFORMATION
FOR THE YEAR ENDED 31 OCTOBER 2023







DIRECTOR: A J Mazzitelli





REGISTERED OFFICE: The Maltings
Rosemary Lane
Halstead
Essex
CO9 1HZ





REGISTERED NUMBER: 04861864 (England and Wales)





ACCOUNTANTS: RE Group Accountants Limited
The Maltings
Rosemary Lane
Halstead
Essex
CO9 1HZ

WHITEHALL ELECTRICAL LIMITED (REGISTERED NUMBER: 04861864)

BALANCE SHEET
31 OCTOBER 2023

2023 2022
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 39,150 41,675

CURRENT ASSETS
Stocks 12,000 12,000
Debtors 5 214,905 148,881
Cash at bank and in hand 17,776 34,659
244,681 195,540
CREDITORS
Amounts falling due within one year 6 140,682 141,509
NET CURRENT ASSETS 103,999 54,031
TOTAL ASSETS LESS CURRENT LIABILITIES 143,149 95,706

CREDITORS
Amounts falling due after more than one
year

7

136,019

88,094

PROVISIONS FOR LIABILITIES 7,021 7,474

CAPITAL AND RESERVES
Called up share capital 100 100
Retained earnings 9 38
SHAREHOLDERS' FUNDS 109 138
143,149 95,706

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

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

WHITEHALL ELECTRICAL LIMITED (REGISTERED NUMBER: 04861864)

BALANCE SHEET - continued
31 OCTOBER 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 27 March 2024 and were signed by:





A J Mazzitelli - Director


WHITEHALL ELECTRICAL LIMITED (REGISTERED NUMBER: 04861864)

NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 OCTOBER 2023

1. STATUTORY INFORMATION

Whitehall Electrical 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 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 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 - 25% on reducing balance

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.

WHITEHALL ELECTRICAL LIMITED (REGISTERED NUMBER: 04861864)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 OCTOBER 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 12 (2022 - 11 ) .

4. TANGIBLE FIXED ASSETS
Fixtures
Plant and and Motor
machinery fittings vehicles Totals
£    £    £    £   
COST
At 1 November 2022 5,836 25,159 93,485 124,480
Additions 1,301 4,246 5,000 10,547
At 31 October 2023 7,137 29,405 98,485 135,027
DEPRECIATION
At 1 November 2022 3,221 18,113 61,471 82,805
Charge for year 983 2,834 9,255 13,072
At 31 October 2023 4,204 20,947 70,726 95,877
NET BOOK VALUE
At 31 October 2023 2,933 8,458 27,759 39,150
At 31 October 2022 2,615 7,046 32,014 41,675

WHITEHALL ELECTRICAL LIMITED (REGISTERED NUMBER: 04861864)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 OCTOBER 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 November 2022
and 31 October 2023 32,990
DEPRECIATION
At 1 November 2022 13,262
Charge for year 4,933
At 31 October 2023 18,195
NET BOOK VALUE
At 31 October 2023 14,795
At 31 October 2022 19,728

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Trade debtors 98,343 74,496
Directors' current accounts 111,075 68,920
Prepayments 5,487 5,465
214,905 148,881

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Bank loans and overdrafts 24,457 29,316
Hire purchase contracts (see note 8) 9,231 8,488
Trade creditors 80,545 70,201
Tax 8,742 11,756
Social security and other taxes 5,118 4,984
VAT 11,173 15,359
Other creditors 66 55
Accrued expenses 1,350 1,350
140,682 141,509

WHITEHALL ELECTRICAL LIMITED (REGISTERED NUMBER: 04861864)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 OCTOBER 2023

7. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR
2023 2022
£    £   
Bank loans - 1-2 years 19,013 28,576
Bank loans - 2-5 years 87,269 35,403
Bank loans more 5 yr by instal 27,933 13,090
Hire purchase contracts (see note 8) 1,804 11,025
136,019 88,094

Amounts falling due in more than five years:

Repayable by instalments
Bank loans more 5 yr by instal 27,933 13,090

8. LEASING AGREEMENTS

Minimum lease payments fall due as follows:

Hire purchase contracts
2023 2022
£    £   
Net obligations repayable:
Within one year 9,231 8,488
Between one and five years 1,804 11,025
11,035 19,513

Non-cancellable operating leases
2023 2022
£    £   
Within one year 12,720 12,720
Between one and five years 7,420 20,140
20,140 32,860

9. SECURED DEBTS

The following secured debts are included within creditors:

2023 2022
£    £   
Bank overdrafts 10,457 10,498
Bank loans 148,215 95,887
Hire purchase contracts 11,035 19,513
169,707 125,898

WHITEHALL ELECTRICAL LIMITED (REGISTERED NUMBER: 04861864)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 OCTOBER 2023

10. DIRECTOR'S ADVANCES, CREDITS AND GUARANTEES

The following advances and credits to a director subsisted during the years ended 31 October 2023 and 31 October 2022:

2023 2022
£    £   
A J Mazzitelli
Balance outstanding at start of year 68,920 59,256
Amounts advanced 93,831 68,730
Amounts repaid (51,676 ) (59,066 )
Amounts written off - -
Amounts waived - -
Balance outstanding at end of year 111,075 68,920

Interest in being charged at the official rate.