2023-04-01 00579190 2024-03-31 00579190 2023-04-01 2024-03-31 00579190 2023-03-31 00579190 2022-04-01 2023-03-31 00579190 uk-core:WithinOneYear 2023-03-31 00579190 uk-core:WithinOneYear 2024-03-31 00579190 uk-core:AfterOneYear 2023-03-31 00579190 uk-core:AfterOneYear 2024-03-31 00579190 uk-core:ShareCapital 2024-03-31 00579190 uk-core:ShareCapital 2023-03-31 00579190 uk-core:RetainedEarningsAccumulatedLosses 2024-03-31 00579190 uk-core:RetainedEarningsAccumulatedLosses 2023-03-31 00579190 uk-bus:Director1 2023-04-01 2024-03-31 00579190 uk-core:Buildings 2023-04-01 2024-03-31 00579190 uk-core:VehiclesPlantMachinery 2023-04-01 2024-03-31 00579190 uk-core:TotalPropertyPlantEquipmentOtherThanExplorationEvaluationAssets 2023-04-01 2024-03-31 00579190 uk-core:Goodwill 2023-03-31 00579190 uk-core:Goodwill 2024-03-31 00579190 uk-core:MotorCars 2023-03-31 00579190 uk-core:VehiclesPlantMachinery 2023-03-31 00579190 uk-core:Buildings 2023-03-31 00579190 uk-core:Buildings 2024-03-31 00579190 uk-core:VehiclesPlantMachinery 2024-03-31 00579190 uk-core:MotorCars 2024-03-31 00579190 uk-core:MotorCars 2023-04-01 2024-03-31 00579190 uk-core:CostValuation 2023-03-31 00579190 uk-core:CostValuation uk-core:Non-currentFinancialInstruments 2023-03-31 00579190 uk-core:CostValuation uk-core:Non-currentFinancialInstruments 2024-03-31 00579190 uk-core:CostValuation 2024-03-31 00579190 uk-core:Non-currentFinancialInstruments 2024-03-31 00579190 uk-core:Non-currentFinancialInstruments 2023-03-31 00579190 uk-core:WithinOneYear uk-core:Secured 2024-03-31 00579190 uk-core:WithinOneYear uk-core:Secured 2023-03-31 00579190 uk-core:WithinOneYear 2024-03-31 00579190 uk-core:WithinOneYear 2023-03-31 00579190 uk-core:AfterOneYear uk-core:Secured 2024-03-31 00579190 uk-core:AfterOneYear uk-core:Secured 2023-03-31 iso4217:GBP xbrli:pure 00579190 uk-bus:AuditExemptWithAccountantsReport 2023-04-01 2024-03-31 00579190 uk-bus:FRS102 2023-04-01 2024-03-31 00579190 uk-bus:FilletedAccounts 2023-04-01 2024-03-31 00579190 uk-bus:PrivateLimitedCompanyLtd 2023-04-01 2024-03-31
G. Whitfield Limited
Registered Number:00579190
For the year ended 31 March 2024
England and Wales
Unaudited Financial Statements
2
For the year ended 31 March 2024
G. Whitfield Limited
Contents Page
1
Statement of Financial Position
2 to 6
Notes to the Financial Statements
3
Registered Number :
00579190
As at 31 March 2024
G. Whitfield Limited
Statement of Financial Position
£
£
2023
2024
Notes
Fixed assets
Property, plant and equipment
482,343
491,910
3
Financial assets
1,036,133
1,036,132
4
1,518,475
1,528,043
Current assets
Inventories
275,410
297,060
5
Trade and other receivables
809,670
803,837
6
206,388
Cash and cash equivalents
343,726
1,444,623
1,291,468
Trade and other payables: amounts falling due within one
year
(1,306,021)
(1,566,237)
7
(14,553)
(121,614)
Net current liabilities
Total assets less current liabilities
1,396,861
1,513,490
Trade and other payables: amounts falling due after more
than one year
(329,361)
(292,052)
8
1,104,809
Net assets
1,184,129
Capital and reserves
Called up share capital
70
70
Retained earnings
1,104,739
1,184,059
1,104,809
1,184,129
Shareholders' funds
For the year ended 31 March 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 ended 31 March 2024 in accordance with Section 476 of the Companies Act 2006
The directors acknowledge their responsibilities for:a) ensuring that the company keeps proper 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 Section 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.
In accordance with Section 444 of the Companies Act 2006, the Income Statement has not been delivered.
The financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime.
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4
Registered Number :
00579190
For the year ended 31 March 2024
G. Whitfield Limited
Statement of Financial Position Continued
Mrs. V.C. Whitfield Director
These financial statements were approved and authorised for issue by the Board on 13 January 2025 and were signed by:
The notes form part of these financial statements
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5
For the year ended 31 March 2024
G. Whitfield Limited
Notes to the Financial Statements
Statutory Information
G. Whitfield Limited is a private limited company, limited by shares, domiciled in England and Wales,
registration number 00579190.
Registered address:
1a Church Street
Houghton le Spring
The presentation currency is £ sterling.
1. Accounting policies
Basis of preparing the financial statements
These financial statements have been prepared in accordance with the provisions of Section 1A of Financial
Reporting Standard 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland' and
the Companies Act 2006. The financial statements have been prepared under the historical costs convention as
modified by the revaluation of certain assets.
Going Concern
The financial statements have been prepared on a going concern basis as the directors believe that no material
uncertainties exist. The directors have considered the level of funds held and the expected level of income and
expenditure for 12 months from authorising these financial statements and have concluded that the company is
able to continue as a going concern.
Revenue recognition
Turnover comprises the invoiced value of goods and services supplied by the company, net of Value Added Tax and trade discounts.
Intangible assets
Intangible assets (including purchased goodwill and patents) are amortised at rates calculated to write off the assets on a straight line basis over their estimated useful economic lives. Impairment of intangible assets is only reviewed where circumstances indicate that the carrying value of an asset may not be fully recoverable.
Property, plant and equipment
Tangible fixed assets, other than freehold land, are stated at cost or valuation less depreciation and any provision for impairment. Depreciation is provided at rates calculated to write off the cost or valuation of fixed assets, less their estimated residual value, over their expected useful lives on the following basis:
Freehold property
1% Straight line
Plant, equipment and vehicles
25% Reducing balance
4% Straight line
Improvements to short l/h prop
Inventories
Stocks are valued at the lower of cost and net realisable value after making due allowance for obsolete and slow moving items. Cost includes all direct costs and an appropriate proportion of fixed and variable overheads.
Pension costs and other post-retirement benefits
The company operates a defined contribution pension scheme for the benefit of its directors/and employees. Contributions payable are charged to the profit and loss account in the period in which they are payable.
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6
For the year ended 31 March 2024
G. Whitfield Limited
Notes to the Financial Statements Continued
2. Intangible fixed assets
Goodwill
Cost or valuation
£
At 01 April 2023
491,214
At 31 March 2024
491,214
Amortisation
At 01 April 2023
491,214
At 31 March 2024
491,214
Net book value
At 31 March 2024
-
At 31 March 2023
-
3. Property, plant and equipment
Total
Motor vehicles
Plant,
equipment and
vehicles
Freehold
property
£
£
£
£
Cost or
valuation
At 01 April 2023
1,060,272
18,990
453,413
587,869
At 31 March 2024
587,869
453,413
18,990
1,060,272
Provision for depreciation and impairment
At 01 April 2023
568,362
16,765
447,085
104,512
Charge for year
9,567
556
2,110
6,901
At 31 March 2024
577,929
17,321
449,195
111,413
At 31 March 2024
Net book value
476,456
4,218
1,669
482,343
At 31 March 2023
483,357
6,328
2,225
491,910
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7
For the year ended 31 March 2024
G. Whitfield Limited
Notes to the Financial Statements Continued
4. Investments held as fixed assets
Shares in group and participating interests
Total
At 01 April 2023
1,036,132
1,036,132
Cost
£
£
At 31 March 2024
1,036,132
1,036,132
At 31 March 2024
Net book value
1,036,132
1,036,132
At 01 April 2023
1,036,132
1,036,132
Investments are recognised initially at fair value which is normally the transaction price excluding transaction
costs. Subsequently, they are measured at fair value through profit or loss if the shares are publicly traded or
their fair value can otherwise be measured reliably. Other investments are measured at cost less impairment.
5. Inventories
2023
2024
£
£
Stocks
297,060
275,410
6. Trade and other receivables
2023
2024
£
£
Trade debtors
470,791
459,321
Prepayments and accrued income
34,758
45,423
Other debtors
298,288
304,926
809,670
803,837
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8
For the year ended 31 March 2024
G. Whitfield Limited
Notes to the Financial Statements Continued
7. Trade and other payables: amounts falling due within one year
2023
2024
£
£
Bank loans and overdraft (secured)
52,000
52,000
Bank loans and overdraft
11,400
11,400
Trade creditors
733,157
542,709
Taxation and social security
40,257
39,592
Other creditors
729,423
660,320
1,566,237
1,306,021
8. Trade and other payables: amounts falling due after more than one year
2023
2024
£
£
Bank loans and overdraft
12,767
23,488
Bank loans and overdraft (secured)
279,285
305,873
292,052
329,361
9. Average number of persons employed
During the year the average number of employees were 77 (2023 : 77)
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