2023-06-012024-05-312024-05-31false04594480WITHAM LIMITED2024-08-21iso4217:GBPxbrli:pure045944802023-06-01045944802024-05-31045944802023-06-012024-05-31045944802022-06-01045944802023-05-31045944802022-06-012023-05-3104594480bus:SmallEntities2023-06-012024-05-3104594480bus:AuditExempt-NoAccountantsReport2023-06-012024-05-3104594480bus:FullAccounts2023-06-012024-05-3104594480bus:PrivateLimitedCompanyLtd2023-06-012024-05-3104594480core:WithinOneYear2024-05-3104594480core:AfterOneYear2024-05-3104594480core:WithinOneYear2023-05-3104594480core:AfterOneYear2023-05-3104594480core:ShareCapital2024-05-3104594480core:SharePremium2024-05-3104594480core:RevaluationReserve2024-05-3104594480core:OtherReservesSubtotal2024-05-3104594480core:RetainedEarningsAccumulatedLosses2024-05-3104594480core:ShareCapital2023-05-3104594480core:SharePremium2023-05-3104594480core:RevaluationReserve2023-05-3104594480core:OtherReservesSubtotal2023-05-3104594480core:RetainedEarningsAccumulatedLosses2023-05-3104594480core:LandBuildings2024-05-3104594480core:PlantMachinery2024-05-3104594480core:Vehicles2024-05-3104594480core:FurnitureFittings2024-05-3104594480core:OfficeEquipment2024-05-3104594480core:NetGoodwill2024-05-3104594480core:IntangibleAssetsOtherThanGoodwill2024-05-3104594480core:ListedExchangeTraded2024-05-3104594480core:UnlistedNon-exchangeTraded2024-05-3104594480core:LandBuildings2023-05-3104594480core:PlantMachinery2023-05-3104594480core:Vehicles2023-05-3104594480core:FurnitureFittings2023-05-3104594480core:OfficeEquipment2023-05-3104594480core:NetGoodwill2023-05-3104594480core:IntangibleAssetsOtherThanGoodwill2023-05-3104594480core:ListedExchangeTraded2023-05-3104594480core:UnlistedNon-exchangeTraded2023-05-3104594480core:LandBuildings2023-06-012024-05-3104594480core:PlantMachinery2023-06-012024-05-3104594480core:Vehicles2023-06-012024-05-3104594480core:FurnitureFittings2023-06-012024-05-3104594480core:OfficeEquipment2023-06-012024-05-3104594480core:NetGoodwill2023-06-012024-05-3104594480core:IntangibleAssetsOtherThanGoodwill2023-06-012024-05-3104594480core:ListedExchangeTraded2023-06-012024-05-3104594480core:UnlistedNon-exchangeTraded2023-06-012024-05-3104594480core:MoreThanFiveYears2023-06-012024-05-3104594480core:Non-currentFinancialInstruments2024-05-3104594480core:Non-currentFinancialInstruments2023-05-3104594480dpl:CostSales2023-06-012024-05-3104594480dpl:DistributionCosts2023-06-012024-05-3104594480core:LandBuildings2023-06-012024-05-3104594480core:PlantMachinery2023-06-012024-05-3104594480core:Vehicles2023-06-012024-05-3104594480core:FurnitureFittings2023-06-012024-05-3104594480core:OfficeEquipment2023-06-012024-05-3104594480dpl:AdministrativeExpenses2023-06-012024-05-3104594480core:NetGoodwill2023-06-012024-05-3104594480core:IntangibleAssetsOtherThanGoodwill2023-06-012024-05-3104594480dpl:GroupUndertakings2023-06-012024-05-3104594480dpl:ParticipatingInterests2023-06-012024-05-3104594480dpl:GroupUndertakingscore:ListedExchangeTraded2023-06-012024-05-3104594480core:ListedExchangeTraded2023-06-012024-05-3104594480dpl:GroupUndertakingscore:UnlistedNon-exchangeTraded2023-06-012024-05-3104594480core:UnlistedNon-exchangeTraded2023-06-012024-05-3104594480dpl:CostSales2022-06-012023-05-3104594480dpl:DistributionCosts2022-06-012023-05-3104594480core:LandBuildings2022-06-012023-05-3104594480core:PlantMachinery2022-06-012023-05-3104594480core:Vehicles2022-06-012023-05-3104594480core:FurnitureFittings2022-06-012023-05-3104594480core:OfficeEquipment2022-06-012023-05-3104594480dpl:AdministrativeExpenses2022-06-012023-05-3104594480core:NetGoodwill2022-06-012023-05-3104594480core:IntangibleAssetsOtherThanGoodwill2022-06-012023-05-3104594480dpl:GroupUndertakings2022-06-012023-05-3104594480dpl:ParticipatingInterests2022-06-012023-05-3104594480dpl:GroupUndertakingscore:ListedExchangeTraded2022-06-012023-05-3104594480core:ListedExchangeTraded2022-06-012023-05-3104594480dpl:GroupUndertakingscore:UnlistedNon-exchangeTraded2022-06-012023-05-3104594480core:UnlistedNon-exchangeTraded2022-06-012023-05-3104594480core:NetGoodwill2024-05-3104594480core:IntangibleAssetsOtherThanGoodwill2024-05-3104594480core:LandBuildings2024-05-3104594480core:PlantMachinery2024-05-3104594480core:Vehicles2024-05-3104594480core:FurnitureFittings2024-05-3104594480core:OfficeEquipment2024-05-3104594480core:AfterOneYear2024-05-3104594480core:WithinOneYear2024-05-3104594480core:ListedExchangeTraded2024-05-3104594480core:UnlistedNon-exchangeTraded2024-05-3104594480core:ShareCapital2024-05-3104594480core:SharePremium2024-05-3104594480core:RevaluationReserve2024-05-3104594480core:OtherReservesSubtotal2024-05-3104594480core:RetainedEarningsAccumulatedLosses2024-05-3104594480core:NetGoodwill2023-05-3104594480core:IntangibleAssetsOtherThanGoodwill2023-05-3104594480core:LandBuildings2023-05-3104594480core:PlantMachinery2023-05-3104594480core:Vehicles2023-05-3104594480core:FurnitureFittings2023-05-3104594480core:OfficeEquipment2023-05-3104594480core:AfterOneYear2023-05-3104594480core:WithinOneYear2023-05-3104594480core:ListedExch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WITHAM LIMITED

Registered Number
04594480
(England and Wales)

Unaudited Financial Statements for the Year ended
31 May 2024

WITHAM LIMITED
Company Information
for the year from 1 June 2023 to 31 May 2024

Director

HUMPHREYS, Paul William

Registered Address

Fires & Fenders Building (Old Kingdom Hall)
Hudson Street
Tyne Dock
NE34 0AE

Registered Number

04594480 (England and Wales)
WITHAM LIMITED
Balance Sheet as at
31 May 2024

Notes

2024

2023

£

£

£

£

Fixed assets
Intangible assets34801,709
Tangible assets43,3712,758
3,8514,467
Current assets
Stocks524,30024,300
Cash at bank and on hand4,05712,431
28,35736,731
Creditors amounts falling due within one year6(20,758)(22,164)
Net current assets (liabilities)7,59914,567
Total assets less current liabilities11,45019,034
Net assets11,45019,034
Capital and reserves
Called up share capital100100
Profit and loss account11,35018,934
Shareholders' funds11,45019,034
The financial statements were approved and authorised for issue by the Director on 21 August 2024, and are signed on its behalf by:
HUMPHREYS, Paul William
Director
Registered Company No. 04594480
WITHAM LIMITED
Notes to the Financial Statements
for the year ended 31 May 2024

1.Accounting policies
Statutory information
The company is a private company limited by shares and registered in England and Wales. The company's registered number and registered office address can be found on the Company Information page.
Basis of preparation
The accounts have been prepared under the historical cost convention and in accordance with FRS 102, the financial reporting standard applicable in the UK and Republic of Ireland (as applied to small entities by section 1A of the standard).
Turnover policy
Turnover is measured at the fair value of the consideration received or receivable, net of discounts and value added taxes. Turnover includes revenue earned from the sale of goods and from the rendering of services.
Revenue from sale of goods
Turnover from the sale of goods is recognised when the significant risks and rewards of ownership of the goods have transferred to the buyer. Turnover from the rendering of services is recognised by reference to the stage of completion of the contract. The stage of completion of a contract is measured by comparing the costs incurred for work performed to date to the total estimated contract costs.
Revenue from rendering of services
Revenue from the rendering of services is recognised by reference to the stage of completion of the contract. The stage of completion of a contract is measured by comparing the costs incurred for work performed to date to the total estimated contract costs. Turnover is only recognised to the extent of recoverable expenses when the outcome of a contract cannot be estimated reliably.
Employee benefits
Contributions to defined contribution plans are expensed in the period to which they relate.
Current taxation
Current tax is recognised on taxable profit for the current and past periods. Current tax is measured at the amounts of tax expected to pay or recover using the tax rates and laws that have been enacted or substantively enacted at the reporting date.
Intangible assets
Intangible fixed assets are measured at cost less accumulative amortisation and any accumulative impairment losses.
Tangible fixed assets and depreciation
Tangible fixed assets are stated at cost or valuation less depreciation. Depreciation is provided on all tangible fixed assets as follows:

Straight line (years)
Plant and machinery4
Fixtures and fittings4
Vehicles4
Office Equipment4
Stocks and work in progress
Stocks are valued at the lower of cost and estimated selling price (less any associated costs to enable such sales to complete).
Trade and other debtors
Short term debtors are measured at transaction price (which is usually the invoice price), less any impairment losses for bad and doubtful debts. Loans and other financial assets are initially recognised at transaction price including any transaction costs and subsequently measured at amortised cost determined using the effective interest method, less any impairment losses for bad and doubtful debts.
Trade and other creditors
Short term creditors are measured at transaction price (which is usually the invoice price). Loans and other financial liabilities are initially recognised at transaction price net of any transaction costs and subsequently measured at amortised cost determined using the effective interest method.
2.Average number of employees

20242023
Average number of employees during the year22
3.Intangible assets
Goodwill is being written off in equal annual instalments over its estimated economic life of 20 years.

Goodwill

Total

££
Cost or valuation
At 01 June 2324,56724,567
At 31 May 2424,56724,567
Amortisation and impairment
At 01 June 2322,85822,858
Charge for year1,2291,229
At 31 May 2424,08724,087
Net book value
At 31 May 24480480
At 31 May 231,7091,709
4.Tangible fixed assets

Vehicles

Office Equipment

Total

£££
Cost or valuation
At 01 June 2326,92022,24049,160
Additions-2,9782,978
At 31 May 2426,92025,21852,138
Depreciation and impairment
At 01 June 2326,92319,47946,402
Charge for year-2,3652,365
At 31 May 2426,92321,84448,767
Net book value
At 31 May 24(3)3,3743,371
At 31 May 23(3)2,7612,758
5.Stocks
Stocks are measured at the lower of cost and estimated selling price less costs to complete and sell. Cost is determined using the first in first out method. The carrying amount of stock sold is recognised as an expense in the period in which the related revenue is recognised.

2024

2023

££
Finished goods24,30024,300
Total24,30024,300
6.Creditors: amounts due within one year

2024

2023

££
Trade creditors / trade payables-10,561
Amounts owed to related parties16,236-
Taxation and social security6869,320
Other creditors3,0841,532
Accrued liabilities and deferred income752751
Total20,75822,164
Short term creditors are measured at transaction price (which is usually the invoice price). Loans and other financial liabilities are initially recognised at transaction price net of any transaction costs and subsequently measured at amortised cost determined using the effective interest method.
7.Provisions for liabilities
Provisions (ie liabilities of uncertain timing or amount) are recognised when there is an obligation at the reporting date as a result of a past event, it is probable that economic benefit will be transferred to settle the obligation and the amount of the obligation can be estimated reliably.