Whittocks End Accountancy Ltd
Filleted Accounts
30 June 2024
Registered number
07176230
Whittocks End Accountancy Ltd
Registered number: 07176230
Balance Sheet
as at 30 June 2024
Notes 2024 2023
£ £
Fixed assets
Tangible assets 3 1,126 1,358
Current assets
Debtors 4 2,181 489
Cash at bank and in hand 1,398 1,904
3,579 2,393
Creditors: amounts falling due within one year 5 (2,799) (2,888)
Net current assets/(liabilities) 780 (495)
Total assets less current liabilities 1,906 863
Provisions for liabilities (177) (258)
Net assets 1,729 605
Capital and reserves
Called up share capital 100 100
Profit and loss account 1,629 505
Shareholder's funds 1,729 605
The director is satisfied that the company is entitled to exemption from the requirement to obtain an audit under section 477 of the Companies Act 2006.
The member has not required the company to obtain an audit in accordance with section 476 of the Act.
The director acknowledges her responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of accounts.
The accounts have been prepared and delivered in accordance with the special provisions applicable to companies subject to the small companies regime. The profit and loss account has not been delivered to the Registrar of Companies.
Mrs A A Smith
Director
Approved by the board on 4 January 2025
Whittocks End Accountancy Ltd
Notes to the Accounts
for the year ended 30 June 2024
1 Accounting policies
Basis of preparation
The accounts have been prepared under the historical cost convention and in accordance with FRS 102, The Financial Reporting Standard applicable in the UK and Republic of Ireland (as applied to small entities by section 1A of the standard).
Significant judgements and estimates
In the application of the company's accounting policies, management are required to make judgements, estimates and assumptions about the carrying amount of assets and liabilities that are not readily apparent from other sources. The estimates and associated assumptions are based on historical experience and other factors that are considered to be relevant. Therefore actual results may differ from these estimates.
Going concern
The director has a reasonable expectation that the company has adequate resources to continue in operation existence for the forseeable future. The company therefore continues to adopt the going concern basis in preparing the financial statements.
Key sources of estimation uncertainty
No key sources of estimation uncertainty have been identified by management in preparing these financial statements other than those detailed in these accounting policies.
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 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.
Tangible fixed assets
Tangible fixed assets are measured at cost less accumulative depreciation and any accumulative impairment losses. Depreciation is provided on all tangible fixed assets, other than freehold land, at rates calculated to write off the cost, less estimated residual value, of each asset evenly over its expected useful life, as follows:
Office equipment 20% reducing balance basis
Debtors
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, less any impairment losses for bad and doubtful debts.
Creditors
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.
Taxation
A current tax liability is recognised for the tax payable on the taxable profit of the current and past periods. A current tax asset is recognised in respect of a tax loss that can be carried back to recover tax paid in a previous period. 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.
Provisions
Provisions (ie liabilities of uncertain timing or amount) are recognised when there is an obligation at the reporting date as a result of a past event, it is probable that economic benefit will be transferred to settle the obligation and the amount of the obligation can be estimated reliably.
2 Employees 2024 2023
Number Number
Average number of persons employed by the company 1 1
3 Tangible fixed assets
Plant and machinery etc
£
Cost
At 1 July 2023 2,851
At 30 June 2024 2,851
Depreciation
At 1 July 2023 1,493
Charge for the year 232
At 30 June 2024 1,725
Net book value
At 30 June 2024 1,126
At 30 June 2023 1,358
4 Debtors 2024 2023
£ £
Trade debtors 1,900 155
Other debtors 281 334
2,181 489
5 Creditors: amounts falling due within one year 2024 2023
£ £
Taxation and social security costs 2,105 1,721
Other creditors 694 1,167
2,799 2,888
6 Provisions for liabilities 2024 2023
£ £
Difference between accumulated depreciation and capital allowances 230 228
230 228
7 Related party transactions
During the year the director made interest free loans to the company. The amount outstanding at the year end was £681 (2023 £1,129) included under other creditors.
8 Other information
Whittocks End Accountancy Ltd is a private company limited by shares and incorporated in England. Its registered office is:
Whittocks End
Kempley
Dymock
Gloucestershire
GL18 2BS
Whittocks End Accountancy Ltd 07176230 false 2023-07-01 2024-06-30 2024-06-30 VT Final Accounts July 2024 Mrs A A Smith No description of principal activity 07176230 2022-07-01 2023-06-30 07176230 core:WithinOneYear 2023-06-30 07176230 core:ShareCapital 2023-06-30 07176230 core:RetainedEarningsAccumulatedLosses 2023-06-30 07176230 2023-07-01 2024-06-30 07176230 bus:PrivateLimitedCompanyLtd 2023-07-01 2024-06-30 07176230 bus:AuditExempt-NoAccountantsReport 2023-07-01 2024-06-30 07176230 bus:Director40 2023-07-01 2024-06-30 07176230 1 2023-07-01 2024-06-30 07176230 2 2023-07-01 2024-06-30 07176230 core:PlantMachinery 2023-07-01 2024-06-30 07176230 countries:England 2023-07-01 2024-06-30 07176230 bus:FRS102 2023-07-01 2024-06-30 07176230 bus:FilletedAccounts 2023-07-01 2024-06-30 07176230 2024-06-30 07176230 core:WithinOneYear 2024-06-30 07176230 core:ShareCapital 2024-06-30 07176230 core:RetainedEarningsAccumulatedLosses 2024-06-30 07176230 core:PlantMachinery 2024-06-30 07176230 2023-06-30 07176230 core:PlantMachinery 2023-06-30 iso4217:GBP xbrli:pure