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REGISTERED NUMBER: 11365046 (England and Wales)















Whitetree Group Ltd

Unaudited Financial Statements for the Year Ended 31 May 2024






Whitetree Group Ltd (Registered number: 11365046)






Contents of the Financial Statements
for the year ended 31 May 2024




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


Whitetree Group Ltd

Company Information
for the year ended 31 May 2024







DIRECTORS: D Brown
O Gaudion
A Ferguson





REGISTERED OFFICE: One New Street
Wells
Somerset
BA5 2LA





REGISTERED NUMBER: 11365046 (England and Wales)





ACCOUNTANTS: Webb & Co Ltd
Accountants and Business Advisers
One New Street
Wells
Somerset
BA5 2LA

Whitetree Group Ltd (Registered number: 11365046)

Balance Sheet
31 May 2024

2024 2023
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 39,086 23,525

CURRENT ASSETS
Stocks 304,749 307,577
Debtors 5 511,240 264,504
Cash at bank 180,245 358,183
996,234 930,264
CREDITORS
Amounts falling due within one year 6 768,950 548,772
NET CURRENT ASSETS 227,284 381,492
TOTAL ASSETS LESS CURRENT
LIABILITIES

266,370

405,017

PROVISIONS FOR LIABILITIES 9,772 5,881
NET ASSETS 256,598 399,136

CAPITAL AND RESERVES
Called up share capital 7 90 90
Retained earnings 256,508 399,046
SHAREHOLDERS' FUNDS 256,598 399,136

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 May 2024.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 May 2024 in accordance with Section 476 of the Companies Act 2006.

The directors acknowledge their 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.

Whitetree Group Ltd (Registered number: 11365046)

Balance Sheet - continued
31 May 2024


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 Profit and Loss Account has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 16 August 2024 and were signed on its behalf by:





D Brown - Director


Whitetree Group Ltd (Registered number: 11365046)

Notes to the Financial Statements
for the year ended 31 May 2024

1. STATUTORY INFORMATION

Whitetree Group 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.

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
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.
Plant and machinery - 33% on cost
Fixtures and fittings - 15% on cost

Stocks
Work in progress is valued at the lower of cost and net realisable value.

Cost is calculated using the first-in, first-out method and includes all purchase, transport, and handling costs in bringing stocks to their present location and condition.

Taxation
Taxation for the year comprises current and deferred tax. Tax is recognised in the Profit and Loss Account, 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.

Hire purchase and leasing commitments
Rentals paid under operating leases are charged to profit or loss on a straight line basis over the period of the lease.

Whitetree Group Ltd (Registered number: 11365046)

Notes to the Financial Statements - continued
for the year ended 31 May 2024

2. ACCOUNTING POLICIES - continued

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 33 (2023 - 60 ) .

4. TANGIBLE FIXED ASSETS
Fixtures
Plant and and
machinery fittings Totals
£    £    £   
COST
At 1 June 2023 56,525 5,556 62,081
Additions 37,831 3,852 41,683
At 31 May 2024 94,356 9,408 103,764
DEPRECIATION
At 1 June 2023 36,737 1,819 38,556
Charge for year 24,711 1,411 26,122
At 31 May 2024 61,448 3,230 64,678
NET BOOK VALUE
At 31 May 2024 32,908 6,178 39,086
At 31 May 2023 19,788 3,737 23,525

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Trade debtors 366,837 209,436
Other debtors 144,403 55,068
511,240 264,504

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Trade creditors 137,454 161,015
Taxation and social security 401,838 338,545
Other creditors 229,658 49,212
768,950 548,772

Whitetree Group Ltd (Registered number: 11365046)

Notes to the Financial Statements - continued
for the year ended 31 May 2024

7. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 2024 2023
value: £    £   
720 Ordinary £0.10 72 72
180 Ordinary A £0.10 18 18
90 90

8. DIRECTORS' ADVANCES, CREDITS AND GUARANTEES

The following advances and credits to directors subsisted during the years ended 31 May 2024 and 31 May 2023:

2024 2023
£    £   
D Brown
Balance outstanding at start of year - -
Amounts advanced 24,694 -
Amounts repaid - -
Amounts written off - -
Amounts waived - -
Balance outstanding at end of year 24,694 -

O Gaudion
Balance outstanding at start of year - -
Amounts advanced 19,666 -
Amounts repaid - -
Amounts written off - -
Amounts waived - -
Balance outstanding at end of year 19,666 -

A Ferguson
Balance outstanding at start of year - -
Amounts advanced 24,962 -
Amounts repaid - -
Amounts written off - -
Amounts waived - -
Balance outstanding at end of year 24,962 -

9. ULTIMATE CONTROLLING PARTY

The controlling party is Whitetree Futures Ltd.