REGISTERED NUMBER: |
Whiteley Medical Instruments Limited |
Financial Statements for the Year Ended 31st August 2024 |
REGISTERED NUMBER: |
Whiteley Medical Instruments Limited |
Financial Statements for the Year Ended 31st August 2024 |
Whiteley Medical Instruments Limited (Registered number: 14288582) |
Contents of the Financial Statements |
for the Year Ended 31st August 2024 |
Page |
Company Information | 1 |
Balance Sheet | 2 |
Notes to the Financial Statements | 4 |
Whiteley Medical Instruments Limited |
Company Information |
for the Year Ended 31st August 2024 |
DIRECTORS: |
REGISTERED OFFICE: |
REGISTERED NUMBER: |
ACCOUNTANTS: |
Chartered Accountants |
The Engine House |
77 Station Road |
Petersfield |
Hampshire |
GU32 3FQ |
Whiteley Medical Instruments Limited (Registered number: 14288582) |
Balance Sheet |
31st August 2024 |
2024 | 2023 |
Notes | £ | £ | £ | £ |
FIXED ASSETS |
Tangible assets | 4 |
CURRENT ASSETS |
Debtors | 5 |
Cash at bank |
CREDITORS |
Amounts falling due within one year | 6 |
NET CURRENT LIABILITIES | ( |
) | ( |
) |
TOTAL ASSETS LESS CURRENT LIABILITIES |
( |
) |
( |
) |
CAPITAL AND RESERVES |
Called up share capital | 7 |
Share premium | 8 |
Capital redemption reserve | 8 |
Retained earnings | 8 | ( |
) | ( |
) |
SHAREHOLDERS' FUNDS | ( |
) | ( |
) |
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. |
Whiteley Medical Instruments Limited (Registered number: 14288582) |
Balance Sheet - continued |
31st August 2024 |
The financial statements were approved by the Board of Directors and authorised for issue on |
Whiteley Medical Instruments Limited (Registered number: 14288582) |
Notes to the Financial Statements |
for the Year Ended 31st August 2024 |
1. | STATUTORY INFORMATION |
Whiteley Medical Instruments Limited is a |
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 the provisions of Section 1A "Small Entities" of Financial Reporting Standard 102 "The Financial Reporting Standard applicable in the UK and Republic of Ireland" and the Companies Act 2006. |
The financial statements have been prepared under the historical cost convention. |
Tangible fixed assets |
Plant and machinery etc | - |
Financial instruments |
Financial assets and financial liabilities are recognised when the company becomes party to the contractual provisions of the financial instrument. |
Cash and cash equivalents |
These comprise cash at bank. |
Debtors |
Debtors do not carry any interest and are stated at their nominal value. Appropriate allowances for estimated irrecoverable amounts are recognised in the Profit and Loss account when there is objective evidence that the asset is impaired. |
Creditors |
The only creditor balance that is interest bearing is in relation to the hire purchase loan agreement. All other creditors are non-interest bearing and stated at their nominal values. |
Taxation |
Taxation for the year comprises current and deferred tax. Tax is recognised in the Income Statement, 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. |
Whiteley Medical Instruments Limited (Registered number: 14288582) |
Notes to the Financial Statements - continued |
for the Year Ended 31st August 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 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. |
3. | EMPLOYEES AND DIRECTORS |
The average number of employees during the year was |
4. | TANGIBLE FIXED ASSETS |
Plant and |
machinery |
etc |
£ |
COST |
At 1st September 2023 |
Additions |
At 31st August 2024 |
DEPRECIATION |
At 1st September 2023 |
Charge for year |
At 31st August 2024 |
NET BOOK VALUE |
At 31st August 2024 |
At 31st August 2023 |
5. | DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR |
2024 | 2023 |
£ | £ |
Other debtors |
Whiteley Medical Instruments Limited (Registered number: 14288582) |
Notes to the Financial Statements - continued |
for the Year Ended 31st August 2024 |
6. | CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR |
2024 | 2023 |
£ | £ |
Trade creditors |
Amounts owed to group undertakings |
Taxation and social security |
Other creditors |
Amounts owed to group undertakings are unsecured, interest free and repayable on demand. |
7. | CALLED UP SHARE CAPITAL |
Allotted, issued and fully paid: |
Number: | Class: | Nominal | 2024 | 2023 |
value: | £ | £ |
Ordinary Shares | 0.000 | 1 | 50 | 100 |
8. | RESERVES |
Capital |
Retained | Share | redemption |
earnings | premium | reserve | Totals |
£ | £ | £ | £ |
At 1st September 2023 | ( |
) | (64,855 | ) |
Deficit for the year | ( |
) | ( |
) |
Purchase of own shares | - | - | 50 | 50 |
Share issue | - | 67,000 | - | 67,000 |
Share Issue SEIS | - | 185,000 | - | 185,000 |
At 31st August 2024 | ( |
) | (100,087 | ) |
Whiteley Medical Instruments Limited (Registered number: 14288582) |
Notes to the Financial Statements - continued |
for the Year Ended 31st August 2024 |
9. | DIRECTORS' ADVANCES, CREDITS AND GUARANTEES |
The following advances and credits to a director subsisted during the year ended 31st August 2024 and the period ended 31st August 2023: |
2024 | 2023 |
£ | £ |
Balance outstanding at start of year |
Amounts advanced |
Amounts repaid | ( |
) |
Amounts written off | - | - |
Amounts waived | - | - |
Balance outstanding at end of year |