REGISTERED NUMBER: |
UNAUDITED FINANCIAL STATEMENTS |
FOR THE PERIOD |
31 DECEMBER 2022 TO 30 NOVEMBER 2023 |
FOR |
WHISPER CONTROLS LIMITED |
REGISTERED NUMBER: |
UNAUDITED FINANCIAL STATEMENTS |
FOR THE PERIOD |
31 DECEMBER 2022 TO 30 NOVEMBER 2023 |
FOR |
WHISPER CONTROLS LIMITED |
WHISPER CONTROLS LIMITED (REGISTERED NUMBER: 10444619) |
CONTENTS OF THE FINANCIAL STATEMENTS |
FOR THE PERIOD 31 DECEMBER 2022 TO 30 NOVEMBER 2023 |
Page |
Company Information | 1 |
Balance Sheet | 2 |
Notes to the Financial Statements | 3 |
WHISPER CONTROLS LIMITED |
COMPANY INFORMATION |
FOR THE PERIOD 31 DECEMBER 2022 TO 30 NOVEMBER 2023 |
DIRECTORS: |
REGISTERED OFFICE: |
BUSINESS ADDRESS: |
REGISTERED NUMBER: |
ACCOUNTANTS: |
Chartered Certified Accountants |
Eden House |
Two Rivers Business Park |
Witney |
Oxfordshire |
OX28 4BL |
WHISPER CONTROLS LIMITED (REGISTERED NUMBER: 10444619) |
BALANCE SHEET |
30 NOVEMBER 2023 |
30.11.23 | 30.12.22 |
Notes | £ | £ | £ | £ |
FIXED ASSETS |
Tangible assets | 4 |
CURRENT ASSETS |
Stocks |
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 | 8 |
Retained earnings | ( |
) | ( |
) |
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. |
The financial statements were approved by the Board of Directors and authorised for issue on |
WHISPER CONTROLS LIMITED (REGISTERED NUMBER: 10444619) |
NOTES TO THE FINANCIAL STATEMENTS |
FOR THE PERIOD 31 DECEMBER 2022 TO 30 NOVEMBER 2023 |
1. | STATUTORY INFORMATION |
Whisper Controls Limited is a |
The financial statements are presented in pound sterling (£) which is the functional currency of the company and rounded to the nearest £. |
2. | ACCOUNTING POLICIES |
Basis of preparing the financial statements |
Turnover |
Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes. |
Tangible fixed assets |
Computer equipment | - |
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 period 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. |
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 period 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. |
Research and development |
Expenditure on research and development is written off in the year in which it is incurred. |
WHISPER CONTROLS LIMITED (REGISTERED NUMBER: 10444619) |
NOTES TO THE FINANCIAL STATEMENTS - continued |
FOR THE PERIOD 31 DECEMBER 2022 TO 30 NOVEMBER 2023 |
2. | ACCOUNTING POLICIES - continued |
Foreign currencies |
Assets and liabilities in foreign currencies are translated into sterling at the rates of exchange ruling at the balance sheet date. Transactions in foreign currencies are translated into sterling at the rate of exchange ruling at the date of transaction. Exchange differences are taken into account in arriving at the operating result. |
Hire purchase and leasing commitments |
Rentals paid under operating leases are charged to profit or loss on a straight line basis over the period of the lease. |
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. |
Going concern |
At 30 November 2023, the entity has a net liabilities position. However, the financial statements have been prepared on a going concern basis, due to the continued support of the Directors and shareholders. |
Judgements and key sources of estimation uncertainty |
The preparation of the financial statements requires management to make judgements, estimates and assumptions that affect the amounts reported. These estimates and judgements are continually reviewed and are based on experience and other factors, including expectations of future events that are believed to be reasonable under the circumstances. |
Accounting estimates and assumptions are made concerning the future and, by their nature, will rarely equal the related actual outcome. |
3. | EMPLOYEES AND DIRECTORS |
The average number of employees during the period was |
4. | TANGIBLE FIXED ASSETS |
Computer |
equipment |
£ |
COST |
At 31 December 2022 |
Disposals | ( |
) |
At 30 November 2023 |
DEPRECIATION |
At 31 December 2022 |
Charge for period |
Eliminated on disposal | ( |
) |
At 30 November 2023 |
NET BOOK VALUE |
At 30 November 2023 |
At 30 December 2022 |
WHISPER CONTROLS LIMITED (REGISTERED NUMBER: 10444619) |
NOTES TO THE FINANCIAL STATEMENTS - continued |
FOR THE PERIOD 31 DECEMBER 2022 TO 30 NOVEMBER 2023 |
5. | DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR |
30.11.23 | 30.12.22 |
£ | £ |
Trade debtors |
Other debtors |
Blue Dot Services Ltd | 24,983 | - |
Deferred tax asset |
Tax losses carried forward |
Prepayments |
6. | CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR |
30.11.23 | 30.12.22 |
£ | £ |
Trade creditors |
Amounts owed to group undertakings |
Other creditors |
Directors' loan accounts | 159,600 | 99,600 |
Accrued expenses |
7. | DEFERRED TAX |
£ |
Credit to Income Statement during period | ( |
) |
Balance at 30 November 2023 | ( |
) |
8. | CALLED UP SHARE CAPITAL |
Allotted, issued and fully paid: |
Number: | Class: | Nominal | 30.11.23 | 30.12.22 |
value: | £ | £ |
Ordinary | £1 | 1,000 | 1,000 |
9. | PENSION COMMITMENTS |
The company operates a money purchase (defined contribution) pension scheme for its employees. 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 £1,655 (2022 - £1,368). At 30 November 2023 £nil (31 December 2022 - £nil) was outstanding and is included in other creditors. |
10. | ULTIMATE CONTROLLING PARTY |
Up to the 30 November 2023 the ultimate controlling party was Ridgespear Ltd, a company registered in England, who owned 60% of the issued share capital. Mr J Arntsen acquired these shares on 30 November 2023 to take his holding to 100% and is the ultimate controlling party of the company. |