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REGISTERED NUMBER: 08029100 (England and Wales)























Unaudited Financial Statements

for the Year Ended 31 March 2024

for

G. Whittle Joiners & Builders Ltd

G. Whittle Joiners & Builders Ltd (Registered number: 08029100)

Contents of the Financial Statements
for the Year Ended 31 March 2024










Page

Company Information 1

Statement of Financial Position 2

Notes to the Financial Statements 4


G. Whittle Joiners & Builders Ltd

Company Information
for the Year Ended 31 March 2024







DIRECTORS: Mr H G Whittle
Mrs C A Whittle
Mr P Whittle





REGISTERED OFFICE: 352 Tag Lane
Ingol
Preston
Lancashire
PR2 3UY





REGISTERED NUMBER: 08029100 (England and Wales)





ACCOUNTANTS: McDade Roberts Accountants Limited
Chartered Accountants
316 Blackpool Road
Fulwood
Preston
Lancashire
PR2 3AE

G. Whittle Joiners & Builders Ltd (Registered number: 08029100)

Statement of Financial Position
31 March 2024

31.3.24 31.3.23
Notes £    £    £    £   
FIXED ASSETS
Intangible assets 4 - -
Tangible assets 5 332,122 118,840
332,122 118,840

CURRENT ASSETS
Stocks 50,498 29,503
Debtors 6 638,161 596,534
Cash at bank 1,088,478 662,774
1,777,137 1,288,811
CREDITORS
Amounts falling due within one year 7 318,621 159,916
NET CURRENT ASSETS 1,458,516 1,128,895
TOTAL ASSETS LESS CURRENT
LIABILITIES

1,790,638

1,247,735

PROVISIONS FOR LIABILITIES 27,628 22,580
NET ASSETS 1,763,010 1,225,155

CAPITAL AND RESERVES
Called up share capital 101 101
Retained earnings 1,762,909 1,225,054
SHAREHOLDERS' FUNDS 1,763,010 1,225,155

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

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

G. Whittle Joiners & Builders Ltd (Registered number: 08029100)

Statement of Financial Position - continued
31 March 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 Statement of Income and Retained Earnings has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 5 September 2024 and were signed on its behalf by:




Mr H G Whittle - Director Mrs C A Whittle - Director




Mr P Whittle - Director


G. Whittle Joiners & Builders Ltd (Registered number: 08029100)

Notes to the Financial Statements
for the Year Ended 31 March 2024


1. STATUTORY INFORMATION

G. Whittle Joiners & Builders 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.

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.

Income recognition
Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes.

Goodwill
Goodwill, being the amount paid in connection with the acquisition of a business in 2012, is being amortised evenly over its estimated useful life of ten years.

Intangible assets
Intangible assets are initially measured at cost. After initial recognition, intangible assets are measured at cost less any accumulated amortisation and any accumulated impairment losses.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Freehold property - not provided
Plant and machinery - 20% on cost
Motor vehicles - 20% on cost
Computer equipment - 33% 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 Statement of Income and Retained Earnings, 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 statement of financial position date.


G. Whittle Joiners & Builders Ltd (Registered number: 08029100)

Notes to the Financial Statements - continued
for the Year Ended 31 March 2024


2. ACCOUNTING POLICIES - continued
Deferred tax
Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the statement of financial position 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.

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 10 (2023 - 10 ) .

4. INTANGIBLE FIXED ASSETS
Goodwill
£   
COST
At 1 April 2023
and 31 March 2024 33,000
AMORTISATION
At 1 April 2023
and 31 March 2024 33,000
NET BOOK VALUE
At 31 March 2024 -
At 31 March 2023 -

G. Whittle Joiners & Builders Ltd (Registered number: 08029100)

Notes to the Financial Statements - continued
for the Year Ended 31 March 2024


5. TANGIBLE FIXED ASSETS
Freehold Plant and Motor Computer
property machinery vehicles equipment Totals
£    £    £    £    £   
COST
At 1 April 2023 - 169,659 165,610 11,105 346,374
Additions 219,815 7,180 30,974 4,089 262,058
At 31 March 2024 219,815 176,839 196,584 15,194 608,432
DEPRECIATION
At 1 April 2023 - 107,393 110,645 9,496 227,534
Charge for year - 23,180 23,188 2,408 48,776
At 31 March 2024 - 130,573 133,833 11,904 276,310
NET BOOK VALUE
At 31 March 2024 219,815 46,266 62,751 3,290 332,122
At 31 March 2023 - 62,266 54,965 1,609 118,840

6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.3.24 31.3.23
£    £   
Trade debtors 321,414 279,909
Other debtors 74,064 74,064
Directors' loan accounts 203,247 204,713
VAT 31,755 32,346
Prepayments 7,681 5,502
638,161 596,534

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.3.24 31.3.23
£    £   
Trade creditors 69,653 71,237
Tax 227,680 72,461
Social security and other taxes 9,935 5,742
Pension Creditor 593 801
Directors' loan accounts 6,693 6,143
Accrued expenses 4,067 3,532
318,621 159,916

G. Whittle Joiners & Builders Ltd (Registered number: 08029100)

Notes to the Financial Statements - continued
for the Year Ended 31 March 2024


8. DIRECTORS' ADVANCES, CREDITS AND GUARANTEES

The following advances and credits to Philip Whittle a director subsisted during the years ended 31 March 2024 and 31 March 2023:

31.3.24 31.3.23
£    £   
Mr P Whittle
Balance outstanding at start of year 204,713 205,031
Amounts advanced 81,160 76,399
Amounts repaid (82,626 ) (76,717 )
Amounts written off - -
Amounts waived - -
Balance outstanding at end of year 203,247 204,713