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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
Page
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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
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WHITBY & COMPANY (UK) LTD Statement of financial position as at 31 December 2023
2023 
2022 
Notes
£ 
£ 
Fixed assets
Tangible assets
527,381 
412,763 
Current assets
Inventories
1,803,021 
1,813,260 
Debtors
465,655 
812,903 
Cash at bank and in hand
788,454 
1,109,434 
3,057,130 
3,735,597 
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
Deferred tax
(21,820)
- 
Net assets
2,427,817 
2,306,969 
Capital and reserves
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
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WHITBY & COMPANY (UK) LTD Notes to the Accounts for the year ended 31 December 2023
1
Statutory information
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.
3
Accounting policies
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.
Basis of preparation
The accounts have been prepared under the historical cost convention as modified by the revaluation of certain fixed assets.
Presentation currency
The accounts are presented in £ sterling.
Turnover
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
Inventories have been valued at the lower of cost and estimated selling price less costs to complete and sell.
Deferred taxation
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.
Foreign exchange
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.
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WHITBY & COMPANY (UK) LTD Notes to the Accounts for the year ended 31 December 2023
Pension costs
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
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 
Depreciation
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 
Net book value
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 
5
Debtors
2023 
2022 
£ 
£ 
Amounts falling due within one year
Trade debtors
382,399 
702,973 
Other debtors
83,256 
109,930 
465,655 
812,903 
6
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 
1,134,874 
1,841,391 
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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 
- 
2023 
2022 
£ 
£ 
Charged to the profit and loss account
21,820 
- 
Provision at end of year
21,820 
- 
8
Average number of employees
During the year the average number of employees was 25 (2022: 24).
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