Company registration number 05852746 (England and Wales)
ROB WHALLEY & SONS LTD
UNAUDITED FINANCIAL STATEMENTS
FOR THE YEAR ENDED 25 JUNE 2024
ROB WHALLEY & SONS LTD
CONTENTS
Page
Balance sheet
1
Notes to the financial statements
2 - 3
ROB WHALLEY & SONS LTD
BALANCE SHEET
- 1 -
2024
2023
Notes
£
£
£
£
Fixed assets
Tangible assets
3
12,475
7
Current assets
Debtors
4
2,845
184
Cash at bank and in hand
454
869
3,299
1,053
Creditors: amounts falling due within one year
5
(73,237)
(55,767)
Net current liabilities
(69,938)
(54,714)
Net liabilities
(57,463)
(54,707)
Capital and reserves
Called up share capital
100
100
Profit and loss reserves
(57,563)
(54,807)
Total equity
(57,463)
(54,707)
For the financial year ended 25 June 2024 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.
The member has 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 11 March 2025
Mr R Whalley
Director
Company registration number 05852746 (England and Wales)
ROB WHALLEY & SONS LTD
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 25 JUNE 2024
- 2 -
1
Accounting policies
Company information
Rob Whalley & Sons Ltd is a private company limited by shares incorporated in England and Wales. The registered office is 8 Kingsfield Road, Oxhey, Watford, Hertfordshire, England, WD19 4PS.
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 disclosure requirements of section 1A of FRS 102 have been applied other than where additional disclosure is required to show a true and fair view.
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 is recognised at the fair value of the consideration received or receivable for goods and services provided in the normal course of business, and is shown net of VAT and other sales related taxes.
1.3
Tangible fixed assets
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:
Fixtures and fittings
25% on reducing balance
Motor vehicles
25% on reducing balance
2
Employees
The average monthly number of persons (including directors) employed by the company during the year was:
2024
2023
Number
Number
Total
1
1
ROB WHALLEY & SONS LTD
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 25 JUNE 2024
- 3 -
3
Tangible fixed assets
Fixtures and fittings
Motor vehicles
Total
£
£
£
Cost
At 26 June 2023
7,797
7,797
Additions
13,011
13,011
At 25 June 2024
7,797
13,011
20,808
Depreciation and impairment
At 26 June 2023
7,790
7,790
Depreciation charged in the year
543
543
At 25 June 2024
7,790
543
8,333
Carrying amount
At 25 June 2024
7
12,468
12,475
At 25 June 2023
7
7
4
Debtors
2024
2023
Amounts falling due within one year:
£
£
Other debtors
2,845
184
5
Creditors: amounts falling due within one year
2024
2023
£
£
Trade creditors
672
Other creditors
73,237
55,095
73,237
55,767