Company Registration No. 01351816 (England and Wales)
WHITBY & COMPANY (UK) LTD
Unaudited accounts
for the year ended 31 December 2023
WHITBY & COMPANY (UK) LTD
Unaudited accounts
Contents
WHITBY & COMPANY (UK) LTD
Company Information
for the year ended 31 December 2023
Directors
NP Griffiths
TG Griffiths
P Ellwood
Company Number
01351816 (England and Wales)
Registered Office
AYNAM MILLS
CANAL HEAD NORTH
KENDAL
CUMBRIA
LA9 7BY
WHITBY & COMPANY (UK) LTD
Statement of financial position
as at 31 December 2023
Tangible assets
527,381
412,763
Inventories
1,803,021
1,813,260
Cash at bank and in hand
788,454
1,109,434
Creditors: amounts falling due within one year
(1,134,874)
(1,841,391)
Net current assets
1,922,256
1,894,206
Total assets less current liabilities
2,449,637
2,306,969
Provisions for liabilities
Net assets
2,427,817
2,306,969
Called up share capital
9,004
9,004
Profit and loss account
2,418,813
2,297,965
Shareholders' funds
2,427,817
2,306,969
For the year ending 31 December 2023 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies. The members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.
The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.
These accounts have been prepared and delivered 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 profit and loss account has not been delivered to the Registrar of Companies.
The financial statements were approved by the Board of Directors and authorised for issue on 6 August 2024 and were signed on its behalf by
NP Griffiths
Director
Company Registration No. 01351816
WHITBY & COMPANY (UK) LTD
Notes to the Accounts
for the year ended 31 December 2023
WHITBY & COMPANY (UK) LTD is a private company, limited by shares, registered in England and Wales, registration number 01351816. The registered office is AYNAM MILLS, CANAL HEAD NORTH, KENDAL, CUMBRIA, LA9 7BY.
2
Compliance with accounting standards
The accounts have been prepared in accordance with the provisions of FRS 102 Section 1A Small Entities. There were no material departures from that standard.
The principal accounting policies adopted in the preparation of the financial statements are set out below and have remained unchanged from the previous year, and also have been consistently applied within the same accounts.
The accounts have been prepared under the historical cost convention as modified by the revaluation of certain fixed assets.
The accounts are presented in £ sterling.
Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes. Turnover from the sale of goods is recognised when goods have been delivered to customers such that risks and rewards of ownership have transferred to them.
Tangible fixed assets and depreciation
Tangible assets are included at cost less depreciation and impairment. Depreciation has been provided at the following rates in order to write off the assets over their estimated useful lives:
Land & buildings
Straight line over 50 years
Plant & machinery
50% reducing balance basis
Motor vehicles
25% reducing balance basis
Fixtures & fittings
15% reducing balance basis
Computer equipment
10% reducing balance basis
Inventories have been valued at the lower of cost and estimated selling price less costs to complete and sell.
Deferred tax arises as a result of including items of income and expenditure in taxation computations in periods different from those in which they are included in the company's accounts. Deferred tax is provided in full on timing differences which result in an obligation to pay more (or less) tax at a future date, at the average tax rates that are expected to apply when the timing differences reverse, based on current tax rates and laws.
Deferred tax assets and liabilities are not discounted.
Monetary assets and liabilities in foreign currencies are translated into sterling at the rates of exchange ruling at the balance sheet date. Transactions in foreign currencies are translated into sterling at the rates of exchange ruling at the date of the transaction. Exchange differences are taken into account in arriving at the operating profit.
WHITBY & COMPANY (UK) LTD
Notes to the Accounts
for the year ended 31 December 2023
The company operates a defined contribution scheme for the benefit of its employees. Contributions payable are recognised in the profit and loss account when due.
Government grants in relation to tangible fixed assets are credited to profit and loss account over the useful lives of the related assets, whereas those in relation to expenditure are credited when the expenditure is charged to profit and loss.
4
Tangible fixed assets
Land & buildings
Plant & machinery
Motor vehicles
Fixtures & fittings
Computer equipment
Total
Cost or valuation
At cost
At cost
At cost
At cost
At cost
At 1 January 2023
621,675
32,942
48,067
92,000
79,602
874,286
Additions
-
-
136,858
-
-
136,858
Disposals
-
-
(48,067)
-
-
(48,067)
At 31 December 2023
621,675
32,942
136,858
92,000
79,602
963,077
At 1 January 2023
221,863
27,729
45,821
89,541
76,569
461,523
Charge for the year
7,173
498
11,113
345
1,213
20,342
On disposals
-
-
(46,169)
-
-
(46,169)
At 31 December 2023
229,036
28,227
10,765
89,886
77,782
435,696
At 31 December 2023
392,639
4,715
126,093
2,114
1,820
527,381
At 31 December 2022
399,812
5,213
2,246
2,459
3,033
412,763
Amounts falling due within one year
Trade debtors
382,399
702,973
Other debtors
83,256
109,930
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Creditors: amounts falling due within one year
2023
2022
Trade creditors
409,503
1,122,211
Taxes and social security
635,262
599,355
Other creditors
90,109
119,825
WHITBY & COMPANY (UK) LTD
Notes to the Accounts
for the year ended 31 December 2023
7
Deferred taxation
2023
2022
Accelerated capital allowances
21,820
-
Charged to the profit and loss account
21,820
-
Provision at end of year
21,820
-
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Average number of employees
During the year the average number of employees was 25 (2022: 24).