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REGISTERED NUMBER: 02614307 (England and Wales)















Unaudited Financial Statements

for the Year Ended 31 May 2024

for

Whitaker Animal Feeds Limited

Whitaker Animal Feeds Limited (Registered number: 02614307)






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




Page

Company Information 1

Statement of Financial Position 2

Notes to the Financial Statements 4

Chartered Accountants' Report 8

Whitaker Animal Feeds Limited

Company Information
for the Year Ended 31 May 2024







DIRECTORS: R W Wood
Mrs P R Wood





REGISTERED OFFICE: Balcony Works
Oakworth Road
Keighley
West Yorkshire
BD21 1QP





REGISTERED NUMBER: 02614307 (England and Wales)





ACCOUNTANTS: Stirk Lambert & Co
Chartered Accountants
Russell Chambers
61a North Street
Keighley
BD21 3DS

Whitaker Animal Feeds Limited (Registered number: 02614307)

Statement of Financial Position
31 May 2024

31.5.24 31.5.23
Notes £    £   
FIXED ASSETS
Tangible assets 4 58,333 67,861

CURRENT ASSETS
Stocks 144,000 138,000
Debtors 5 165,984 148,087
Cash at bank and in hand 51,530 106,893
361,514 392,980
CREDITORS
Amounts falling due within one year 6 (296,589 ) (221,736 )
NET CURRENT ASSETS 64,925 171,244
TOTAL ASSETS LESS CURRENT
LIABILITIES

123,258

239,105

CREDITORS
Amounts falling due after more than one
year

7

(68,916

)

(180,673

)

PROVISIONS FOR LIABILITIES 8 (8,418 ) (9,446 )
NET ASSETS 45,924 48,986

CAPITAL AND RESERVES
Called up share capital 100 100
Retained earnings 45,824 48,886
SHAREHOLDERS' FUNDS 45,924 48,986

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.

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.

Whitaker Animal Feeds Limited (Registered number: 02614307)

Statement of Financial Position - continued
31 May 2024



The financial statements were approved by the Board of Directors and authorised for issue on 18 September 2024 and were signed on its behalf by:





R Wood - Director


Whitaker Animal Feeds Limited (Registered number: 02614307)

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

1. STATUTORY INFORMATION

Whitaker Animal Feeds Limited 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.

Turnover
Turnover represents the amounts received or receivable for goods and services provided to customers, excluding VAT.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life or, if held under a finance lease, over the lease term, whichever is the shorter.
Improvements to property - 10% on reducing balance
Plant and machinery - 15% on reducing balance
Fixtures and fittings - 15% on reducing balance
Motor vehicles - 25% on reducing balance
Office equipment - 25% on reducing balance

Stocks
Stocks are valued at the lower of cost and net realisable value, after making due allowance for obsolete and slow moving items.

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.

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.

Hire purchase and leasing commitments
Assets obtained under hire purchase contracts or finance leases are capitalised in the balance sheet. Those held under hire purchase contracts are depreciated over their estimated useful lives. Those held under finance leases are depreciated over their estimated useful lives or the lease term, whichever is the shorter.

The interest element of these obligations is charged to profit or loss over the relevant period. The capital element of the future payments is treated as a liability.

Whitaker Animal Feeds Limited (Registered number: 02614307)

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 8 (2023 - 5 ) .

4. TANGIBLE FIXED ASSETS
Improvements Fixtures
to Plant and and
property machinery fittings
£    £    £   
COST
At 1 June 2023 18,285 87,020 9,564
Additions - - -
At 31 May 2024 18,285 87,020 9,564
DEPRECIATION
At 1 June 2023 5,803 44,875 6,294
Charge for year 1,248 6,321 490
At 31 May 2024 7,051 51,196 6,784
NET BOOK VALUE
At 31 May 2024 11,234 35,824 2,780
At 31 May 2023 12,482 42,145 3,270

Motor Office
vehicles equipment Totals
£    £    £   
COST
At 1 June 2023 36,478 5,408 156,755
Additions - 1,525 1,525
At 31 May 2024 36,478 6,933 158,280
DEPRECIATION
At 1 June 2023 27,822 4,100 88,894
Charge for year 2,164 830 11,053
At 31 May 2024 29,986 4,930 99,947
NET BOOK VALUE
At 31 May 2024 6,492 2,003 58,333
At 31 May 2023 8,656 1,308 67,861

Whitaker Animal Feeds Limited (Registered number: 02614307)

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

4. TANGIBLE FIXED ASSETS - continued

Fixed assets, included in the above, which are held under hire purchase contracts are as follows:
Plant and
machinery
£   
COST
At 1 June 2023
and 31 May 2024 44,500
DEPRECIATION
At 1 June 2023 21,271
Charge for year 3,484
At 31 May 2024 24,755
NET BOOK VALUE
At 31 May 2024 19,745
At 31 May 2023 23,229

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.5.24 31.5.23
£    £   
Trade debtors 112,000 109,000
Other debtors 48,018 3,018
Directors' current accounts - 34,916
VAT 5,646 382
Prepayments 320 771
165,984 148,087

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.5.24 31.5.23
£    £   
Bank loans and overdrafts 5,419 7,986
Other loans 5,756 30,889
Hire purchase contracts - 7,011
Trade creditors 244,966 159,528
Tax 11,118 9,427
Social security and other taxes 1,119 1,039
Directors' current accounts 24,385 -
Accrued expenses 3,826 5,856
296,589 221,736

Whitaker Animal Feeds Limited (Registered number: 02614307)

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

7. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
31.5.24 31.5.23
£    £   
Bank loans - 1-2 years 5,556 5,407
Bank loans - 2-5 years 23,286 29,001
Other loans - 1-2 years 5,956 33,653
Other loans - 2-5 years 34,118 112,612
68,916 180,673

8. PROVISIONS FOR LIABILITIES
31.5.24 31.5.23
£    £   
Deferred tax 8,418 9,446

Deferred
tax
£   
Balance at 1 June 2023 9,446
Credit to Statement of Income and Retained Earnings during year (1,028 )
Movement during year
Balance at 31 May 2024 8,418

9. DIRECTORS' ADVANCES, CREDITS AND GUARANTEES

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

31.5.24 31.5.23
£    £   
R W Wood
Balance outstanding at start of year 17,487 -
Amounts advanced - 17,487
Amounts repaid (17,487 ) -
Amounts written off - -
Amounts waived - -
Balance outstanding at end of year - 17,487

Mrs P R Wood
Balance outstanding at start of year 17,429 -
Amounts advanced - 17,429
Amounts repaid (17,429 ) -
Amounts written off - -
Amounts waived - -
Balance outstanding at end of year - 17,429

10. ULTIMATE CONTROLLING PARTY

The controlling party is R W Wood.

Chartered Accountants' Report to the Board of Directors
on the Unaudited Financial Statements of
Whitaker Animal Feeds Limited (Registered number: 02614307)

The following reproduces the text of the report prepared for the directors in respect of the company's annual unaudited financial statements. In accordance with the Companies Act 2006, the company is only required to file a Statement of Financial Position. Readers are cautioned that the Income Statement and certain other primary statements and the Report of the Directors are not required to be filed with the Registrar of Companies.

In order to assist you to fulfil your duties under the Companies Act 2006, we have prepared for your approval the financial statements of Whitaker Animal Feeds Limited for the year ended 31 May 2024 which comprise the Statement of Income and Retained Earnings, Statement of Financial Position and the related notes from the company's accounting records and from information and explanations you have given us.

As a practising member firm of the Institute of Chartered Accountants in England and Wales (ICAEW), we are subject to its ethical and other professional requirements which are detailed within the ICAEW's regulations and guidance at http://www.icaew.com/en/membership/regulations-standards-and-guidance.

This report is made solely to the Board of Directors of Whitaker Animal Feeds Limited, as a body, in accordance with our terms of engagement. Our work has been undertaken solely to prepare for your approval the financial statements of Whitaker Animal Feeds Limited and state those matters that we have agreed to state to the Board of Directors of Whitaker Animal Feeds Limited, as a body, in this report in accordance with ICAEW Technical Release 07/16AAF. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than Whitaker Animal Feeds Limited and its Board of Directors, as a body, for our work or for this report.

It is your duty to ensure that Whitaker Animal Feeds Limited has kept adequate accounting records and to prepare statutory financial statements that give a true and fair view of the assets, liabilities, financial position and profit of Whitaker Animal Feeds Limited. You consider that Whitaker Animal Feeds Limited is exempt from the statutory audit requirement for the year.

We have not been instructed to carry out an audit or a review of the financial statements of Whitaker Animal Feeds Limited. For this reason, we have not verified the accuracy or completeness of the accounting records or information and explanations you have given to us and we do not, therefore, express any opinion on the statutory financial statements.






Stirk Lambert & Co
Chartered Accountants
Russell Chambers
61a North Street
Keighley
BD21 3DS


18 September 2024