2023-08-012024-07-312024-07-31false00352679H. & C. WHITEHEAD LIMITED2024-11-13iso4217:GBPxbrli:pure003526792023-08-01003526792024-07-31003526792023-08-012024-07-31003526792022-08-01003526792023-07-31003526792022-08-012023-07-3100352679bus:SmallEntities2023-08-012024-07-3100352679bus:AuditExempt-NoAccountantsReport2023-08-012024-07-3100352679bus:FullAccounts2023-08-012024-07-3100352679bus:PrivateLimitedCompanyLtd2023-08-012024-07-3100352679core:WithinOneYear2024-07-3100352679core:AfterOneYear2024-07-3100352679core:WithinOneYear2023-07-3100352679core:AfterOneYear2023-07-3100352679core:ShareCapital2024-07-3100352679core:SharePremium2024-07-3100352679core:RevaluationReserve2024-07-3100352679core:OtherReservesSubtotal2024-07-3100352679core:RetainedEarningsAccumulatedLosses2024-07-3100352679core:ShareCapital2023-07-3100352679core:SharePremium2023-07-3100352679core:RevaluationReserve2023-07-3100352679core:OtherReservesSubtotal2023-07-3100352679core:RetainedEarningsAccumulatedLosses2023-07-3100352679core:LandBuildings2024-07-3100352679core:PlantMachinery2024-07-3100352679core:Vehicles2024-07-3100352679core:FurnitureFittings2024-07-3100352679core:OfficeEquipment2024-07-3100352679core:NetGoodwill2024-07-3100352679core:IntangibleAssetsOtherThanGoodwill2024-07-3100352679core:ListedExchangeTraded2024-07-3100352679core:UnlistedNon-exchangeTraded2024-07-3100352679core:LandBuildings2023-07-3100352679core:PlantMachinery2023-07-3100352679core:Vehicles2023-07-3100352679core:FurnitureFittings2023-07-3100352679core:OfficeEquipment2023-07-3100352679core:NetGoodwill2023-07-3100352679core:IntangibleAssetsOtherThanGoodwill2023-07-3100352679core:ListedExchangeTraded2023-07-3100352679core:UnlistedNon-exchangeTraded2023-07-3100352679core:LandBuildings2023-08-012024-07-3100352679core:PlantMachinery2023-08-012024-07-3100352679core:Vehicles2023-08-012024-07-3100352679core:FurnitureFittings2023-08-012024-07-3100352679core:OfficeEquipment2023-08-012024-07-3100352679core:NetGoodwill2023-08-012024-07-3100352679core:IntangibleAssetsOtherThanGoodwill2023-08-012024-07-3100352679core:ListedExchangeTraded2023-08-012024-07-3100352679core:UnlistedNon-exchangeTraded2023-08-012024-07-3100352679core:MoreThanFiveYears2023-08-012024-07-3100352679core:Non-currentFinancialInstruments2024-07-3100352679core:Non-currentFinancialInstruments2023-07-3100352679dpl:CostSales2023-08-012024-07-3100352679dpl:DistributionCosts2023-08-012024-07-3100352679core:LandBuildings2023-08-012024-07-3100352679core:PlantMachinery2023-08-012024-07-3100352679core:Vehicles2023-08-012024-07-3100352679core:FurnitureFittings2023-08-012024-07-3100352679core:OfficeEquipment2023-08-012024-07-3100352679dpl:AdministrativeExpenses2023-08-012024-07-3100352679core:NetGoodwill2023-08-012024-07-3100352679core:IntangibleAssetsOtherThanGoodwill2023-08-012024-07-3100352679dpl:GroupUndertakings2023-08-012024-07-3100352679dpl:ParticipatingInterests2023-08-012024-07-3100352679dpl:GroupUndertakingscore:ListedExchangeTraded2023-08-012024-07-3100352679core:ListedExchangeTraded2023-08-012024-07-3100352679dpl:GroupUndertakingscore:UnlistedNon-exchangeTraded2023-08-012024-07-3100352679core:UnlistedNon-exchangeTraded2023-08-012024-07-3100352679dpl:CostSales2022-08-012023-07-3100352679dpl:DistributionCosts2022-08-012023-07-3100352679core:LandBuildings2022-08-012023-07-3100352679core:PlantMachinery2022-08-012023-07-3100352679core:Vehicles2022-08-012023-07-3100352679core:FurnitureFittings2022-08-012023-07-3100352679core:OfficeEquipment2022-08-012023-07-3100352679dpl:AdministrativeExpenses2022-08-012023-07-3100352679core:NetGoodwill2022-08-012023-07-3100352679core:IntangibleAssetsOtherThanGoodwill2022-08-012023-07-3100352679dpl:GroupUndertakings2022-08-012023-07-3100352679dpl:ParticipatingInterests2022-08-012023-07-3100352679dpl:GroupUndertakingscore:ListedExchangeTraded2022-08-012023-07-3100352679core:ListedExchangeTraded2022-08-012023-07-3100352679dpl:GroupUndertakingscore:UnlistedNon-exchangeTraded2022-08-012023-07-3100352679core:UnlistedNon-exchangeTraded2022-08-012023-07-3100352679core:NetGoodwill2024-07-3100352679core:IntangibleAssetsOtherThanGoodwill2024-07-3100352679core:LandBuildings2024-07-3100352679core:PlantMachinery2024-07-3100352679core:Vehicles2024-07-3100352679core:FurnitureFittings2024-07-3100352679core:OfficeEquipment2024-07-3100352679core:AfterOneYear2024-07-3100352679core:WithinOneYear2024-07-3100352679core:ListedExchangeTraded2024-07-3100352679core:UnlistedNon-exchangeTraded2024-07-3100352679core:ShareCapital2024-07-3100352679core:SharePremium2024-07-3100352679core:RevaluationReserve2024-07-3100352679core:OtherReservesSubtotal2024-07-3100352679core:RetainedEarningsAccumulatedLosses2024-07-3100352679core:NetGoodwill2023-07-3100352679core:IntangibleAssetsOtherThanGoodwill2023-07-3100352679core:LandBuildings2023-07-3100352679core:PlantMachinery2023-07-3100352679core:Vehicles2023-07-3100352679core:FurnitureFittings2023-07-3100352679core:OfficeEquipment2023-07-3100352679core:AfterOneYear2023-07-3100352679core:WithinOneYear2023-07-3100352679core:ListedExchangeTraded2023-07-3100352679core:UnlistedNon-exchangeTraded2023-07-3100352679core:ShareCapital2023-07-3100352679core:SharePremium2023-07-3100352679core:RevaluationReserve2023-07-3100352679core:OtherReservesSubtotal2023-07-3100352679core:RetainedEarningsAccumulatedLosses2023-07-3100352679core:NetGoodwill2022-08-0100352679core:IntangibleAssetsOtherThanGoodwill2022-08-0100352679core:LandBuildings2022-08-0100352679core:PlantMachinery2022-08-0100352679core:Vehicles2022-08-0100352679core:FurnitureFittings2022-08-0100352679core:OfficeEquipment2022-08-0100352679core:AfterOneYear2022-08-0100352679core:WithinOneYear2022-08-0100352679core:ListedExchangeTraded2022-08-0100352679core:UnlistedNon-exchangeTraded2022-08-0100352679core:ShareCapital2022-08-0100352679core:SharePremium2022-08-0100352679core:RevaluationReserve2022-08-0100352679core:OtherReservesSubtotal2022-08-0100352679core:RetainedEarningsAccumulatedLosses2022-08-0100352679core:AfterOneYear2023-08-012024-07-3100352679core:WithinOneYear2023-08-012024-07-3100352679core:Non-currentFinancialInstrumentscore:CostValuation2023-08-012024-07-3100352679core:Non-currentFinancialInstrumentscore:AdditionsToInvestments2023-08-012024-07-3100352679core:Non-currentFinancialInstrumentscore:RevaluationsIncreaseDecreaseInInvestments2023-08-012024-07-3100352679core:Non-currentFinancialInstrumentscore:DisposalsDecreaseInInvestments2023-08-012024-07-3100352679core:Non-currentFinancialInstrumentscore:ProvidedReleasedInPeriodProvisionsForImpairmentInvestments2023-08-012024-07-3100352679core:Non-currentFinancialInstrumentscore:ImpairmentLossReversalProvisionsForImpairmentInvestments2023-08-012024-07-3100352679core:Non-currentFinancialInstrumentscore:AcquisitionsIncreaseInProvisionsForImpairmentInvestments2023-08-012024-07-3100352679core:Non-currentFinancialInstrumentscore:DisposalsDecreaseInProvisionsForImpairmentInvestments2023-08-012024-07-3100352679core:Non-currentFinancialInstrumentscore:OtherIncreaseDecreaseInProvisionsForImpairmentInvestments2023-08-012024-07-3100352679core:Non-currentFinancialInstrumentscore:CostValuation2024-07-3100352679core:Non-currentFinancialInstrumentscore:AdditionsToInvestments2024-07-3100352679core:Non-currentFinancialInstrumentscore:RevaluationsIncreaseDecreaseInInvestments2024-07-3100352679core:Non-currentFinancialInstrumentscore:DisposalsDecreaseInInvestments2024-07-3100352679core:Non-currentFinancialInstrumentscore:ProvidedReleasedInPeriodProvisionsForImpairmentInvestments2024-07-3100352679core:Non-currentFinancialInstrumentscore:ImpairmentLossReversalProvisionsForImpairmentInvestments2024-07-3100352679core:Non-currentFinancialInstrumentscore:AcquisitionsIncreaseInProvisionsForImpairmentInvestments2024-07-3100352679core:Non-currentFinancialInstrumentscore:DisposalsDecreaseInProvisionsForImpairmentInvestments2024-07-3100352679core:Non-currentFinancialInstrumentscore:OtherIncreaseDecreaseInProvisionsForImpairmentInvestments2024-07-3100352679core:Non-currentFinancialInstrumentscore:CostValuation2023-07-3100352679core:Non-currentFinancialInstrumentscore:AdditionsToInvestments2023-07-3100352679core:Non-currentFinancialInstrumentscore:RevaluationsIncreaseDecreaseInInvestments2023-07-3100352679core:Non-currentFinancialInstrumentscore:DisposalsDecreaseInInvestments2023-07-3100352679core:Non-currentFinancialInstrumentscore:ProvidedReleasedInPeriodProvisionsForImpairmentInvestments2023-07-3100352679core:Non-currentFinancialInstrumentscore:ImpairmentLossReversalProvisionsForImpairmentInvestments2023-07-3100352679core:Non-currentFinancialInstrumentscore:AcquisitionsIncreaseInProvisionsForImpairmentInvestments2023-07-3100352679core:Non-currentFinancialInstrumentscore:DisposalsDecreaseInProvisionsForImpairmentInvestments2023-07-3100352679core:Non-currentFinancialInstrumentscore:OtherIncreaseDecreaseInProvisionsForImpairmentInvestments2023-07-3100352679bus:Director12023-08-012024-07-3100352679bus:Director22023-08-012024-07-31

H. & C. WHITEHEAD LIMITED

Registered Number
00352679
(England and Wales)

Unaudited Financial Statements for the Year ended
31 July 2024

H. & C. WHITEHEAD LIMITED
Company Information
for the year from 1 August 2023 to 31 July 2024

Directors

PRATT, Simon Damian Cooper
WHITEHEAD, David

Company Secretary

WHITEHEAD, David

Registered Address

Prospect Works Bradford Road
Bailiff Bridge
Brighouse
HD6 4DJ

Registered Number

00352679 (England and Wales)
H. & C. WHITEHEAD LIMITED
Statement of Financial Position
31 July 2024

Notes

2024

2023

£

£

£

£

Fixed assets
Tangible assets31,028,8401,294,209
1,028,8401,294,209
Current assets
Stocks81,00052,500
Debtors43,928,6233,596,406
Cash at bank and on hand76,44277,840
4,086,0653,726,746
Creditors amounts falling due within one year5(234,322)(246,791)
Net current assets (liabilities)3,851,7433,479,955
Total assets less current liabilities4,880,5834,774,164
Provisions for liabilities6(242,141)(319,782)
Net assets4,638,4424,454,382
Capital and reserves
Called up share capital38,49738,497
Other reserves11,50311,503
Profit and loss account4,588,4424,404,382
Shareholders' funds4,638,4424,454,382
The financial statements were approved and authorised for issue by the Board of Directors on 13 November 2024, and are signed on its behalf by:
WHITEHEAD, David
Director
Registered Company No. 00352679
H. & C. WHITEHEAD LIMITED
Notes to the Financial Statements
for the year ended 31 July 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. The ultimate parent undertaking is H & C Whitehead (Holdings) Limited, a company registered in England & Wales and under the control of D Whitehead. The financial statements of H & C Whitehead (Holdings) Limited are available to the public and may be obtained from The Registrar of Companies, Companies House, Crown Way, Cardiff, CF14 3UZ.
Basis of preparation
The financial statements have been prepared under the historical cost convention on a going concern basis unless otherwise specified within these accounting policies and in accordance with Section 1A of Financial Reporting Standard 102, the Financial Reporting Standard applicable in the UK and the Republic of Ireland and the Companies Act 2006.
Functional and presentation currency
The financial statements are presented in sterling and this is the functional currency of the company.
Going concern
The directors believe that the company has adequate resources to continue in operational existence for the foreseeable future. The company continues to have the support of the directors, shareholders and creditors and therefore continue to adopt the going concern basis of accounting in preparing the financial statements.
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/or the rendering of services. 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.
Operating leases
Where, substantially, all the risks and rewards of ownership of the asset do not transfer from the lessor to the company, the lease is treated as an operating lease. Rentals payable under operating leases are charged to the Income Statement on a straight-line basis over the period of the lease. Where the company is a lessor, rental income from operating leases is credited to the Income Statement on a straight-line basis over the lease term.
Employee benefits
The company operates a defined contribution plan for its employees. A defined contribution plan is a pension plan under which the company pays fixed contributions into a separate entity. Once the contributions have been paid the company has no further obligation. Contributions to defined contribution plans are expensed in the period to which they relate. Amounts not paid are shown in accruals in the Statement of Financial Position. The assets of the plan are held separately from the company in independently administered funds.
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.
Deferred tax
Deferred tax is recognised in respect of all timing differences between the recognition of income and expenses in the financial statements and their inclusion in tax assessments. 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. Deferred tax is measured using the tax rates and laws that have been enacted or substantively enacted by the reporting date and that are expected to apply to the reversal of the timing difference, except for revalued land and investment property where the tax rate that applies to the sale of the asset is used. Current and deferred tax assets and liabilities are not discounted.
Research and development
In the research phase of an internal project it is not possible to demonstrate that the project will generate future economic benefits and hence all expenditure on research shall be recognised as an expense when it is incurred. Intangible assets are recognised from the development phase of a project if and only if certain specific criteria are met in order to demonstrate the asset will generate probable future economic benefits and that its cost can be reliably measured. The capitalised development costs are subsequently amortised on a straight line basis over their useful economic lives, which range from 3 to 6 years. If it is not possible to distinguish between the research phase and the development phase of an internal project, the expenditure is treated as if it were all incurred in the research phase only.
Tangible fixed assets and depreciation
Tangible fixed assets are stated at cost or valuation less depreciation. The assets residual values, useful lives and depreciation methods are reviewed and adjusted prospectively if appropriate, or if there is an indication of a significant change since the last reporting date. Gains and losses on disposal are determined by comparing the proceeds with the carrying amount and are recognised in the Income Statement. Depreciation is provided on all tangible fixed assets as follows:

Straight line (years)
Plant and machinery10
Vehicles5
Office Equipment4
Lease incentives
Benefits received and receivable as an incentive to sign an operating lease are recognised on a straight-line basis over the lease term, unless another systematic basis is representative of the time pattern of the lessee's benefit from the use of the leased asset.
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). Cost is based on the cost of purchase on a first in, first out basis. Work in progress and finished goods include labour and attributable overheads. At each date of Statement of Financial Position, stocks are assessed for impairment. If stock is impaired, the carrying amount is reduced to its selling price less costs to complete the sale. The impairment loss is recognised immediately in the Income Statement
Financial instruments
The Company only enters into basic financial instrument transactions that result in the recognition of financial assets and liabilities like trade and other debtors and creditors, loans from banks and other third parties, loans to related parties and investments in ordinary shares.
Government grants or assistance
Grants are accounted under the accruals model as permitted by FRS 102. Grants relating to expenditure on tangible fixed assets are credited to profit or loss at the same rate as the depreciation on the assets to which the grant relates. The deferred element of grants is included in creditors as deferred income. Grants of a revenue nature are recognised in the Statement of Income and Retained Earnings in the same period as the related expenditure.
2.Average number of employees

20242023
Average number of employees during the year1718
3.Tangible fixed assets

Plant & machinery

Vehicles

Office Equipment

Total

££££
Cost or valuation
At 01 August 235,337,386140,34055,7325,533,458
Additions28,24148,241-76,482
Disposals-(24,155)-(24,155)
At 31 July 245,365,627164,42655,7325,585,785
Depreciation and impairment
At 01 August 234,095,24288,42155,5864,239,249
Charge for year323,40118,304146341,851
On disposals-(24,155)-(24,155)
At 31 July 244,418,64382,57055,7324,556,945
Net book value
At 31 July 24946,98481,856-1,028,840
At 31 July 231,242,14451,9191461,294,209
4.Debtors: amounts due within one year

2024

2023

££
Trade debtors / trade receivables259,634324,020
Amounts owed by group undertakings3,523,1233,262,252
Other debtors72,8204,820
Prepayments and accrued income73,0465,314
Total3,928,6233,596,406
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.
5.Creditors: amounts due within one year

2024

2023

££
Trade creditors / trade payables39,368130,118
Taxation and social security165,02291,905
Other creditors1,9031,903
Accrued liabilities and deferred income28,02922,865
Total234,322246,791
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.
6.Provisions for liabilities

2024

2023

££
Net deferred tax liability (asset)205,000260,000
Other provisions37,14159,782
Total242,141319,782
7.Pension commitments
The Company operates a defined contributions pension scheme. The assets of the scheme are held separately from those of the Company in an independently administered fund. The pension cost charge represents contributions payable by the Company to the fund and amounted to £11,827 (2023- £15,065).
8.Contingent liabilities
H & C Whitehead Limited is party to a cross guarantee with H & C Whitehead (Holdings) Limited up to an amount of £5,000,000 (2023 - £5,000,000). At the year end the potential liability under the cross guarantee is £5,000,000 (2023 - £5,000,000).
9.Related party transactions
The Company has taken advantage of the exemption contained in Section 33 of FRS 102 "Related Party Disclosures" from disclosing transactions with the entities which are part of the Group, since 100% of the voting rights in the Company are controlled within the Group. Included within other debtors, is an amount of £72,000 (2023 - £4,000) owed from D Whitehead. The balance is interest free and repayable on demand.