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Registration number: 02874219

A. Whalebone Building Supplies Ltd.

Annual Report and Unaudited Abridged Financial Statements

for the Year Ended 30 November 2023

 

A. Whalebone Building Supplies Ltd.

Contents

Company Information

1

Directors' Report

2

Abridged Profit and Loss Account

3

Abridged Balance Sheet

4

Notes to the Unaudited Abridged Financial Statements

5 to 8

 

A. Whalebone Building Supplies Ltd.

Company Information

Directors

Mrs S Herbert

Mr NR Herbert

Mr NNR Herbert

Registered office

First Floor
81 - 85 High Street
Brentwood
Essex
CM14 4RR

Accountants

F9 Consulting Ltd
Chartered Certified
First Floor
81 - 85 High Street
Brentwood
Essex
CM14 4RR

 

A. Whalebone Building Supplies Ltd.

Directors' Report for the Year Ended 30 November 2023

The directors present their report and the abridged financial statements for the year ended 30 November 2023.

Directors of the company

The directors who held office during the year were as follows:

Mrs S Herbert

Mr NR Herbert

Mr NNR Herbert

Principal activity

The principal activity of the company is Agents Involved In The Sale Of Timber An

Small companies provision statement

This report has been prepared in accordance with the special provisions relating to companies subject to the small companies regime within Part 15 of the Companies Act 2006.

Approved and authorised by the Board on 30 August 2024 and signed on its behalf by:
 

.........................................
Mr NNR Herbert
Director

 

A. Whalebone Building Supplies Ltd.

Abridged Profit and Loss Account for the Year Ended 30 November 2023

Note

2023
£

2022
£

Gross profit

 

702,343

864,766

Administrative expenses

 

(708,201)

(719,104)

Other interest receivable and similar income

 

6,288

2,020

Interest payable and similar expenses

 

(3,713)

(7,794)

(Loss)/profit before tax

4

(3,283)

139,888

Tax on (loss)/profit

 

(4,371)

(33,145)

(Loss)/profit for the financial year

 

(7,654)

106,743

The above results were derived from continuing operations.

The company has no recognised gains or losses for the year other than the results above.

 

A. Whalebone Building Supplies Ltd.

(Registration number: 02874219)
Abridged Balance Sheet as at 30 November 2023

Note

2023
£

2022
£

Fixed assets

 

Tangible assets

5

82,713

109,003

Current assets

 

Stocks

6

294,399

307,304

Debtors

7

515,538

537,796

Cash at bank and in hand

 

825,118

907,902

 

1,635,055

1,753,002

Creditors: Amounts falling due within one year

(182,490)

(217,026)

Net current assets

 

1,452,565

1,535,976

Total assets less current liabilities

 

1,535,278

1,644,979

Creditors: Amounts falling due after more than one year

(80,746)

(83,367)

Net assets

 

1,454,532

1,561,612

Capital and reserves

 

Called up share capital

100

100

Retained earnings

1,454,432

1,561,512

Shareholders' funds

 

1,454,532

1,561,612

For the financial year ending 30 November 2023 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

Directors' responsibilities:

The members have not required the company to obtain an audit of its accounts for the year in question in accordance with section 476; and

The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.

These financial statements have been prepared in accordance with the special provisions relating to companies subject to the small companies regime within Part 15 of the Companies Act 2006.

All of the company’s members have consented to the preparation of an Abridged Profit and Loss Account and an Abridged Balance Sheet in accordance with Section 444(2A) of the Companies Act 2006.

Approved and authorised by the Board on 30 August 2024 and signed on its behalf by:
 

.........................................
Mr NNR Herbert
Director

 

A. Whalebone Building Supplies Ltd.

Notes to the Unaudited Abridged Financial Statements for the Year Ended 30 November 2023

1

General information

The company is a private company limited by share capital, incorporated in England and Wales.

The address of its registered office is:
First Floor
81 - 85 High Street
Brentwood
Essex
CM14 4RR

These financial statements were authorised for issue by the Board on 30 August 2024.

2

Accounting policies

Summary of significant accounting policies and key accounting estimates

The principal accounting policies applied in the preparation of these financial statements are set out below. These policies have been consistently applied to all the years presented, unless otherwise stated.

Statement of compliance

These abridged financial statements have been prepared in accordance with Financial Reporting Standard 102 Section 1A smaller entities - 'The Financial Reporting Standard applicable in the United Kingdom and Republic of Ireland' and the Companies Act 2006 (as applicable to companies subject to the small companies' regime).

Basis of preparation

These abridged financial statements have been prepared using the historical cost convention except that as disclosed in the accounting policies certain items are shown at fair value.

Revenue recognition

Turnover comprises the fair value of the consideration received or receivable for the sale of goods and provision of services in the ordinary course of the company’s activities. Turnover is shown net of sales/value added tax, returns, rebates and discounts.

The company recognises revenue when:
The amount of revenue can be reliably measured;
it is probable that future economic benefits will flow to the entity;
and specific criteria have been met for each of the company's activities.

Tax

The tax expense for the period comprises current tax. Tax is recognised in profit or loss, except that a change attributable to an item of income or expense recognised as other comprehensive income is also recognised directly in other comprehensive income.

The current income tax charge is calculated on the basis of tax rates and laws that have been enacted or substantively enacted by the reporting date in the countries where the company operates and generates taxable income.

 

A. Whalebone Building Supplies Ltd.

Notes to the Unaudited Abridged Financial Statements for the Year Ended 30 November 2023 (continued)

2

Accounting policies (continued)

Tangible assets

Tangible assets are stated in the balance sheet at cost, less any subsequent accumulated depreciation and subsequent accumulated impairment losses.

The cost of tangible assets includes directly attributable incremental costs incurred in their acquisition and installation.

Depreciation

Depreciation is charged so as to write off the cost of assets, other than land and properties under construction over their estimated useful lives, as follows:

Asset class

Depreciation method and rate

Plant and machinery

15% on reducing balance

Fixtures and fittings

15% on reducing balance

Motor vehicles

25% on reducing balance

Computer equipment

25% on cost

Cash and cash equivalents

Cash and cash equivalents comprise cash on hand and call deposits, and other short-term highly liquid investments that are readily convertible to a known amount of cash and are subject to an insignificant risk of change in value.

Trade debtors

Trade debtors are amounts due from customers for merchandise sold or services performed in the ordinary course of business.

Trade debtors are recognised initially at the transaction price. They are subsequently measured at amortised cost using the effective interest method, less provision for impairment. A provision for the impairment of trade debtors is established when there is objective evidence that the company will not be able to collect all amounts due according to the original terms of the receivables.

Stocks

Stocks are stated at the lower of cost and estimated selling price less costs to complete and sell. Cost is determined using the first-in, first-out (FIFO) method.

The cost of finished goods and work in progress comprises direct materials and, where applicable, direct labour costs and those overheads that have been incurred in bringing the inventories to their present location and condition. At each reporting date, stocks are assessed for impairment. If stocks are impaired, the carrying amount is reduced to its selling price less costs to complete and sell; the impairment loss is recognised immediately in profit or loss.

 

A. Whalebone Building Supplies Ltd.

Notes to the Unaudited Abridged Financial Statements for the Year Ended 30 November 2023 (continued)

2

Accounting policies (continued)

Defined contribution pension obligation

A defined contribution plan is a pension plan under which fixed contributions are paid into a pension fund and the company has no legal or constructive obligation to pay further contributions even if the fund does not hold sufficient assets to pay all employees the benefits relating to employee service in the current and prior periods.

Contributions to defined contribution plans are recognised as employee benefit expense when they are due. If contribution payments exceed the contribution due for service, the excess is recognised as a prepayment.

3

Staff numbers

The average number of persons employed by the company (including directors) during the year, was 9 (2022 - 9).

4

Loss/profit before tax

Arrived at after charging/(crediting)

2023
£

2022
£

Depreciation expense

26,290

34,562

 

A. Whalebone Building Supplies Ltd.

Notes to the Unaudited Abridged Financial Statements for the Year Ended 30 November 2023 (continued)

5

Tangible assets

Fixtures and fittings
£

Plant and machinery
£

Office equipment
£

Motor vehicles
 £

Cost or valuation

At 1 December 2022

26,309

55,984

2,433

397,769

At 30 November 2023

26,309

55,984

2,433

397,769

Depreciation

At 1 December 2022

24,668

44,855

1,403

302,566

Charge for the year

246

1,670

573

23,801

At 30 November 2023

24,914

46,525

1,976

326,367

Carrying amount

At 30 November 2023

1,395

9,459

457

71,402

At 30 November 2022

1,641

11,129

1,030

95,203

Total
£

Cost or valuation

At 1 December 2022

482,495

At 30 November 2023

482,495

Depreciation

At 1 December 2022

373,492

Charge for the year

26,290

At 30 November 2023

399,782

Carrying amount

At 30 November 2023

82,713

At 30 November 2022

109,003

6

Stocks

2023
£

2022
£

Other inventories

294,399

307,304

7

Debtors

8

Related party transactions

Included in debtors is an amount owed by a related party of £429,146.