Company registration number 01343612 (England and Wales)
W. WHITESIDE LIMITED
UNAUDITED FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 APRIL 2024
PAGES FOR FILING WITH REGISTRAR
W. WHITESIDE LIMITED
CONTENTS
Page
Accountants' report
1
Balance sheet
2 - 3
Notes to the financial statements
4 - 7
W. WHITESIDE LIMITED
REPORT TO THE DIRECTOR ON THE PREPARATION OF THE UNAUDITED STATUTORY ACCOUNTS OF W. WHITESIDE LIMITED
- 1 -

In order to assist you to fulfil your duties under the Companies Act 2006, we have prepared for your approval the financial statements of W. Whiteside Limited for the year ended 30 April 2024 which comprise, the balance sheet and the related notes from the company’s accounting records and from information and explanations you have given us.

 

As a practising member firm of the Association of Chartered Certified Accountants, we are subject to its ethical and other professional requirements which are detailed at https://www.accaglobal.com/gb/en/member/standards/rules-and-standards/rulebook.html.

This report is made solely to the board of directors of W. Whiteside Limited, as a body, in accordance with the terms of our engagement letter dated 8 June 2020. Our work has been undertaken solely to prepare for your approval the financial statements of W. Whiteside Limited and state those matters that we have agreed to state to the board of directors of W. Whiteside Limited, as a body, in this report in accordance with the requirements of the Association of Chartered Certified Accountants as detailed at https://www.accaglobal.com/content/dam/ACCA_Global/Technical/fact/technical-factsheet-163.pdf. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than W. Whiteside Limited and its board of directors as a body for our work or for this report.

It is your duty to ensure that W. Whiteside Limited has kept adequate accounting records and to prepare statutory financial statements that give a true and fair view of the assets, liabilities, financial position and profit of W. Whiteside Limited. You consider that W. Whiteside Limited is exempt from the statutory audit requirement for the year.

We have not been instructed to carry out an audit or a review of the financial statements of W. Whiteside Limited. For this reason, we have not verified the accuracy or completeness of the accounting records or information and explanations you have given to us and we do not, therefore, express any opinion on the statutory financial statements.

BK Plus Limited
Certified Accountants
7 Waterside Court
St. Helens
Merseyside
WA9 1UA
United Kingdom
6 January 2025
W. WHITESIDE LIMITED
BALANCE SHEET
AS AT
30 APRIL 2024
30 April 2024
- 2 -
2024
2023
Notes
£
£
£
£
Fixed assets
Tangible assets
3
105,342
213,058
Investments
4
148,500
148,500
253,842
361,558
Current assets
Stocks
10,230
10,029
Debtors
6
960,433
793,908
Cash at bank and in hand
1,582,003
1,288,657
2,552,666
2,092,594
Creditors: amounts falling due within one year
7
(547,066)
(584,059)
Net current assets
2,005,600
1,508,535
Total assets less current liabilities
2,259,442
1,870,093
Provisions for liabilities
(26,336)
(25,768)
Net assets
2,233,106
1,844,325
Capital and reserves
Called up share capital
150,020
150,020
Share premium account
325,990
325,990
Profit and loss reserves
1,757,096
1,368,315
Total equity
2,233,106
1,844,325
W. WHITESIDE LIMITED
BALANCE SHEET (CONTINUED)
AS AT
30 APRIL 2024
30 April 2024
- 3 -

For the financial year ended 30 April 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 of its financial statements for the year in question in accordance with section 476.

The director acknowledges his responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of financial statements.

These financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime.

The director of the company has elected not to include a copy of the profit and loss account within the financial statements.true

The financial statements were approved and signed by the director and authorised for issue on 3 January 2025
Mr B A Piggott
Director
Company registration number 01343612 (England and Wales)
W. WHITESIDE LIMITED
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 APRIL 2024
- 4 -
1
Accounting policies
Company information

W. Whiteside Limited is a private company limited by shares incorporated in England and Wales. The registered office is , Ellis Ashton Street, Huyton Industrial Estate, Liverpool, Merseyside, United Kingdom, L36 6BL.

1.1
Accounting convention

These financial statements have been prepared in accordance with FRS 102 “The Financial Reporting Standard applicable in the UK and Republic of Ireland” (“FRS 102”) and the requirements of the Companies Act 2006 as applicable to companies subject to the small companies regime.

The financial statements are prepared in sterling, which is the functional currency of the company. Monetary amounts in these financial statements are rounded to the nearest £.

The financial statements have been prepared under the historical cost convention. The principal accounting policies adopted are set out below.

1.2
Turnover

Turnover represents revenue earned under contracts to provide goods and services. Revenue is recognised as earned when, and to the extent that, the company obtains the right to consideration in exchange for the performance under those contracts. It is measured at the fair value of the right to consideration, which represents amounts chargeable to clients excluding value added tax. For incomplete contracts, an assessment is made of the extent to which revenue has been earned. This assessment takes into account the nature of the assignment, the stage of completion and the relevant contract terms. Unbilled revenue is included in debtors, under 'amounts recoverable on contracts'.

1.3
Tangible fixed assets

Tangible fixed assets are initially measured at cost and subsequently measured at cost or valuation, net of depreciation and any impairment losses.

Depreciation is recognised so as to write off the cost or valuation of assets less their residual values over their useful lives on the following bases:

Freehold land and buildings
1% straight line
Plant and equipment
15% reducing balance
Fixtures and fittings
15% reducing balance
Motor vehicles
25% reducing balance
Computer equipment
25% reducing balance
1.4
Fixed asset investments

Investments in equity shares which are not publicly traded and where fair value cannot be measured reliably are measured at cost less impairment.

1.5
Stocks

Stocks are stated at the lower of cost and estimated selling price less costs to complete and sell.

1.6
Taxation

The tax expense represents the sum of the tax currently payable and deferred tax.

W. WHITESIDE LIMITED
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 30 APRIL 2024
1
Accounting policies
(Continued)
- 5 -
Current tax

The tax currently payable is based on taxable profit for the year. Taxable profit differs from net profit as reported in the profit and loss account because it excludes items of income or expense that are taxable or deductible in other years and it further excludes 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 reporting end date.

Deferred tax

Deferred tax liabilities are generally recognised for all timing differences and deferred tax assets are recognised to the extent that it is probable that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits. Such assets and liabilities are not recognised if the timing difference arises from goodwill or from the initial recognition of other assets and liabilities in a transaction that affects neither the tax profit nor the accounting profit.

 

The carrying amount of deferred tax assets is reviewed at each reporting end date 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 is calculated at the tax rates that are expected to apply in the period when the liability is settled or the asset is realised. Deferred tax is charged or credited in the profit and loss account, except when it relates to items charged or credited directly to equity, in which case the deferred tax is also dealt with in equity. Deferred tax assets and liabilities are offset when the company has a legally enforceable right to offset current tax assets and liabilities and the deferred tax assets and liabilities relate to taxes levied by the same tax authority.

1.7
Retirement benefits

A defined contribution plan is a pension plan under which fixed contributions are paid into a pension fund and the company has no legal or constructive obligation to pay further contributions even if the fund does not hold sufficient assets to pay all employees the benefits relating to employee service in the current and prior periods.

1.8
Leases

Rentals payable under operating leases, including any lease incentives received, are charged to profit or loss on a straight line basis over the term of the relevant lease except where another more systematic basis is more representative of the time pattern in which economic benefits from the leases asset are consumed.

2
Employees

The average monthly number of persons (including directors) employed by the company during the year was:

2024
2023
Number
Number
Total
29
33
W. WHITESIDE LIMITED
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 30 APRIL 2024
- 6 -
3
Tangible fixed assets
Land and buildings
Plant and machinery etc
Computer equipment
Total
£
£
£
£
Cost
At 1 May 2023
135,788
279,377
35,144
450,309
Additions
-
0
36,261
2,300
38,561
Disposals
(135,788)
(23,325)
-
0
(159,113)
At 30 April 2024
-
0
292,313
37,444
329,757
Depreciation and impairment
At 1 May 2023
25,802
182,377
29,072
237,251
Depreciation charged in the year
-
0
31,127
2,093
33,220
Eliminated in respect of disposals
(25,802)
(20,254)
-
0
(46,056)
At 30 April 2024
-
0
193,250
31,165
224,415
Carrying amount
At 30 April 2024
-
0
99,063
6,279
105,342
At 30 April 2023
109,986
97,000
6,072
213,058
4
Fixed asset investments
2024
2023
£
£
Other investments other than loans
148,500
148,500

Details of the investments including principle place of business in which the company holds 20% or more of the nominal value of any class of share capital are as follows:

5
Subsidiaries

Details of the company's subsidiaries at 30 April 2024 are as follows:

Name of undertaking
Registered office
Class of
% Held
shares held
Direct
Halsall Lane
England and Wales
Ordinary
100.00
Northmore Lodge Limited
England and Wales
Ordinary
100.00
Formby Lodge Limited
England and Wales
Ordinary
100.00
W. WHITESIDE LIMITED
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 30 APRIL 2024
- 7 -
6
Debtors
2024
2023
Amounts falling due within one year:
£
£
Trade debtors
604,486
560,063
Amounts owed by group undertakings
214,396
148,500
Other debtors
141,551
85,345
960,433
793,908
7
Creditors: amounts falling due within one year
2024
2023
£
£
Trade creditors
162,378
146,902
Amounts owed to group undertakings
-
0
49,560
Corporation tax
121,907
107,919
Other taxation and social security
97,454
89,233
Other creditors
165,327
190,445
547,066
584,059
8
Operating lease commitments
Lessee

At the reporting end date the company had outstanding commitments for future minimum lease payments under non-cancellable operating leases, as follows:

2024
2023
£
£
80,371
-
0
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