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Registered number: 00534829
Whiteley Fischer Limited
Financial Statements
For The Year Ended 31 May 2024
Contents
Page
Balance Sheet 1—2
Notes to the Financial Statements 3—6
Page 1
Balance Sheet
Registered number: 00534829
2024 2023
Notes £ £ £ £
FIXED ASSETS
Tangible Assets 4 13,147 12,623
Investments 5 34,275 34,275
47,422 46,898
CURRENT ASSETS
Stocks 6 192,225 163,357
Debtors 7 654,285 619,939
Cash at bank and in hand 822,571 768,922
1,669,081 1,552,218
Creditors: Amounts Falling Due Within One Year 8 (237,580 ) (249,335 )
NET CURRENT ASSETS (LIABILITIES) 1,431,501 1,302,883
TOTAL ASSETS LESS CURRENT LIABILITIES 1,478,923 1,349,781
PROVISIONS FOR LIABILITIES
Provisions For Charges (10,000 ) -
NET ASSETS 1,468,923 1,349,781
CAPITAL AND RESERVES
Called up share capital 9 3,540 3,540
Share premium account 491,904 491,904
Other reserves 29,956 29,956
Profit and Loss Account 943,523 824,381
SHAREHOLDERS' FUNDS 1,468,923 1,349,781
Page 1
Page 2
For the year ending 31 May 2024 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.
The members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.
The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.
These accounts have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime.
The company has taken advantage of section 444(1) of the Companies Act 2006 and opted not to deliver to the registrar a copy of the company's Profit and Loss Account.
On behalf of the board
Mr P Biggs
Director
21/11/2024
The notes on pages 3 to 6 form part of these financial statements.
Page 2
Page 3
Notes to the Financial Statements
1. General Information
Whiteley Fischer Limited is a private company, limited by shares, incorporated in England & Wales, registered number 00534829 . The registered office is B1 Bramingham Business Park, Enterprise Way, Luton, Beds, LU3 4BU.

The presentation currency of the financial statements is the Pound Sterling (£).
2. Accounting Policies
2.1. Basis of Preparation of Financial Statements
The financial statements have been prepared under the historical cost convention and in accordance with Financial Reporting Standard 102 section 1A Small Entities "The Financial Reporting Standard applicable in the UK and Republic of Ireland" and the Companies Act 2006.
2.2. Turnover
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. Turnover is reduced for estimated customer returns, rebates and other similar allowances.
Sale of goods
Turnover from the sale of goods is recognised when the significant risks and rewards of ownership of the goods has transferred to the buyer. This is usually at the point that the customer has signed for the delivery of the goods.

2.3. Tangible Fixed Assets and Depreciation
Tangible fixed assets are measured at cost less accumulated depreciation and any accumulated impairment losses. Depreciation is provided at rates calculated to write off the cost of the fixed assets, less their estimated residual value, over their expected useful lives on the following bases:
Plant & Machinery 20% on reducing balance
Motor Vehicles 25% on reducing balance
Fixtures & Fittings 20% on cost
2.4. Stocks and Work in Progress
Stocks and work in progress are valued at the lower of cost and net realisable value after making due allowance for obsolete and slow-moving stocks. Cost includes all direct costs and an appropriate proportion of fixed and variable overheads.
2.5. Taxation
Income tax expense represents the sum of the tax currently payable and deferred tax.
The tax currently payable is based on taxable profit for the year. Taxable profit differs from profit as reported in the statement of comprehensive income because of items of income or expense that are taxable or deductible in other years and items that are never taxable or deductible. The company's liability for current tax is calculated using tax rates that have been enacted or substantively enacted by the end of the reporting period.
...CONTINUED
Page 3
Page 4
2.5. Taxation - continued
Deferred tax is recognised on timing differences between the carrying amounts of assets and liabilities in the financial statements and the corresponding tax bases used in the computation of taxable profit. Deferred tax liabilities are generally recognised for all taxable timing differences. Deferred tax assets are generally recognised for all deductible temporary differences to the extent that it is probable that taxable profits will be available against which those deductible timing differences can be utilised. The carrying amount of deferred tax assets is reviewed at the end of each reporting period and reduced to the extent that it is no longer probable that sufficient taxable profits will be available to allow all or part of the asset to be recovered.
Deferred tax assets and liabilities are measured at the tax rates that are expected to apply in the period in which the liability is settled or the asset realised, based on tax rates (and tax laws) that have been enacted or substantively enacted by the end of the reporting period. Deferred tax liabilities are presented within provisions for liabilities and deferred tax assets within debtors. The measurement of deferred tax liabilities and assets reflect the tax consequences that would follow from the manner in which the Company expects, at the end of the reporting period, to recover or settle the carrying amount of its assets and liabilities.
Current and deferred tax are recognised in profit or loss for the year, except when they relate to items that are recognised in other comprehensive income or directly in equity, in which case current and deferred tax are recognised in other comprehensive income or directly in equity respectively.
3. Average Number of Employees
Average number of employees, including directors, during the year was: 2 (2023: 2)
2 2
4. Tangible Assets
Land & Property
Leasehold Plant & Machinery Motor Vehicles Fixtures & Fittings Total
£ £ £ £ £
Cost
As at 1 June 2023 70,673 62,763 35,022 77,827 246,285
Additions - - - 2,983 2,983
Disposals - - - (14,236 ) (14,236 )
As at 31 May 2024 70,673 62,763 35,022 66,574 235,032
Depreciation
As at 1 June 2023 60,446 62,360 34,817 76,039 233,662
Provided during the period 1,266 80 51 1,062 2,459
Disposals - - - (14,236 ) (14,236 )
As at 31 May 2024 61,712 62,440 34,868 62,865 221,885
Net Book Value
As at 31 May 2024 8,961 323 154 3,709 13,147
As at 1 June 2023 10,227 403 205 1,788 12,623
Page 4
Page 5
5. Investments
Unlisted
£
Cost
As at 1 June 2023 34,275
As at 31 May 2024 34,275
Provision
As at 1 June 2023 -
As at 31 May 2024 -
Net Book Value
As at 31 May 2024 34,275
As at 1 June 2023 34,275
6. Stocks
2024 2023
£ £
Finished goods, work-in-progress and raw material stock 192,225 163,357
7. Debtors
2024 2023
£ £
Due within one year
Trade debtors 154,085 166,233
Amounts owed by group undertakings 400,360 400,000
Other debtors 99,840 53,706
654,285 619,939
8. Creditors: Amounts Falling Due Within One Year
2024 2023
£ £
Trade creditors 26,419 36,890
Bank loans and overdrafts 40,222 46,056
Other creditors 13,934 9,788
Taxation and social security 157,005 156,601
237,580 249,335
Page 5
Page 6
9. Share Capital
2024 2023
£ £
Allotted, Called up and fully paid 3,540 3,540
Page 6