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REGISTERED NUMBER: 02255132 (England and Wales)















Unaudited Financial Statements

for the Year Ended 29 February 2024

for

C.F. WHALER LIMITED

C.F. WHALER LIMITED (REGISTERED NUMBER: 02255132)

Contents of the Financial Statements
for the year ended 29 February 2024










Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 3


C.F. WHALER LIMITED

Company Information
for the year ended 29 February 2024







Directors: Mr L Westwood
Mrs L Westwood





Secretary: Mrs L Westwood





Registered office: Unit 7C
Vale Road
Spilsby
Lincolnshire
PE23 5HE





Registered number: 02255132 (England and Wales)





Accountants: Haines Watts
Chartered Accountants
23 Algitha Road
Skegness
United Kingdom
PE25 2AG

C.F. WHALER LIMITED (REGISTERED NUMBER: 02255132)

Balance Sheet
29 February 2024

2024 2023
Notes £ £ £ £
Fixed assets
Tangible assets 4 107,287 6,687

Current assets
Stocks 55,000 55,000
Debtors 5 530,882 469,662
Cash at bank and in hand 103,024 86,106
688,906 610,768
Creditors
Amounts falling due within one year 6 359,276 243,828
Net current assets 329,630 366,940
Total assets less current liabilities 436,917 373,627

Provisions for liabilities 175 175
Net assets 436,742 373,452

Capital and reserves
Called up share capital 49 49
Capital redemption reserve 51 51
Retained earnings 436,642 373,352
436,742 373,452

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 29 February 2024.

The members have not required the company to obtain an audit of its financial statements for the year ended 29 February 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 Income Statement has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 29 November 2024 and were signed on its behalf by:





Mrs L Westwood - Director


C.F. WHALER LIMITED (REGISTERED NUMBER: 02255132)

Notes to the Financial Statements
for the year ended 29 February 2024


1. Statutory information

C.F. Whaler 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 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
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.

Stocks
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 items.

Cost is calculated using the first-in, first-out method and includes all purchase, transport, and handling costs in bringing stocks to their present location and condition.

Taxation
Taxation for the year 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 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.

Research and development
Expenditure on research and development is written off in the year in which it is incurred.


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.

3. Employees and directors

The average number of employees during the year was 9 (2023 - 8 ) .

C.F. WHALER LIMITED (REGISTERED NUMBER: 02255132)

Notes to the Financial Statements - continued
for the year ended 29 February 2024


4. Tangible fixed assets
Plant and
machinery
etc
£
Cost
At 1 March 2023 65,902
Additions 113,880
At 29 February 2024 179,782
Depreciation
At 1 March 2023 59,215
Charge for year 13,280
At 29 February 2024 72,495
Net book value
At 29 February 2024 107,287
At 28 February 2023 6,687

5. Debtors: amounts falling due within one year
2024 2023
£ £
Trade debtors 175,890 163,336
Other debtors 354,992 306,326
530,882 469,662

6. Creditors: amounts falling due within one year
2024 2023
£ £
Bank loans and overdrafts 32,465 -
Hire purchase contracts 67,569 -
Trade creditors 72,692 114,286
Taxation and social security 179,247 124,361
Other creditors 7,303 5,181
359,276 243,828

7. Secured debts

There is currently a registered charge against the company in respect of the balance owed to the previous Shareholders, who sold the company on 24 February 2021. This charge is to be satisfied by February 2026 by L.L.H Electrical Limited..