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REGISTERED NUMBER: 04391217 (England and Wales)















The Whiteley Clinic Limited

Financial Statements for the Year Ended 30th June 2024






The Whiteley Clinic Limited (Registered number: 04391217)

Contents of the Financial Statements
for the Year Ended 30th June 2024










Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


The Whiteley Clinic Limited

Company Information
for the Year Ended 30th June 2024







DIRECTORS: Prof M S Whiteley
Mrs V C Whiteley





REGISTERED OFFICE: 1 Stirling House
Stirling Road
Guildford
Surrey
GU2 7RF





REGISTERED NUMBER: 04391217 (England and Wales)





ACCOUNTANTS: Sheen Stickland
Chartered Accountants
The Engine House
77 Station Road
Petersfield
Hampshire
GU32 3FQ

The Whiteley Clinic Limited (Registered number: 04391217)

Balance Sheet
30th June 2024

2024 2023
Notes £    £    £    £   
FIXED ASSETS
Intangible assets 4 6,874 -
Tangible assets 5 382,007 273,185
388,881 273,185

CURRENT ASSETS
Stocks 164,499 146,842
Debtors 6 1,192,819 1,137,385
Cash at bank 24,710 223,602
1,382,028 1,507,829
CREDITORS
Amounts falling due within one year 7 766,257 823,613
NET CURRENT ASSETS 615,771 684,216
TOTAL ASSETS LESS CURRENT
LIABILITIES

1,004,652

957,401

CREDITORS
Amounts falling due after more than
one year

8

(122,135

)

(52,568

)

PROVISIONS FOR LIABILITIES 11 (39,984 ) (39,984 )
NET ASSETS 842,533 864,849

The Whiteley Clinic Limited (Registered number: 04391217)

Balance Sheet - continued
30th June 2024

2024 2023
Notes £    £    £    £   
CAPITAL AND RESERVES
Called up share capital 100 100
Retained earnings 842,433 864,749
SHAREHOLDERS' FUNDS 842,533 864,849

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 30th June 2024.

The members have not required the company to obtain an audit of its financial statements for the year ended 30th June 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 Statement of Income and Retained Earnings has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 28th March 2025 and were signed on its behalf by:





Prof M S Whiteley - Director


The Whiteley Clinic Limited (Registered number: 04391217)

Notes to the Financial Statements
for the Year Ended 30th June 2024


1. STATEMENT OF COMPLIANCE

The Whiteley Clinic Limited is a private company, limited by shares, incorporated in England and Wales. The address of the registered office is 1 Stirling House, Stirling Road, Guildford, GU2 7RF. The registration number is 04391217.

The financial statements are presented in sterling which is the functional currency of the company and rounded to the nearest pound.

2. ACCOUNTING POLICIES

Basis of preparing the financial statements
These financial statements have been prepared in accordance with the provision of Section 1A "Small Entities" 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 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.

Intangible assets
Intangible assets are initially measured at cost. After initial recognition, intangible assets are measured at cost less any accumulated amortisation and any accumulated impairment losses.

Patents and licences are being amortised evenly over their estimated useful life of nil years.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life or, if held under a finance lease, over the lease term, whichever is the shorter.
Improvements to property - 10% on cost
Plant and machinery - 25% on cost, 20% on cost and 15% on cost

Stocks
Stocks are valued at the lower of cost and net realisable value, after making due allowance for obsolete and slow moving items.

Taxation
Taxation for the year comprises current and deferred tax. Tax is recognised in the Statement of Income and Retained Earnings, 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.


The Whiteley Clinic Limited (Registered number: 04391217)

Notes to the Financial Statements - continued
for the Year Ended 30th June 2024


2. ACCOUNTING POLICIES - continued
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
Research expenditure is written off against profits in the year in which it is incurred. Identifiable development expenditure is capitalised to the extent that the technical, commercial and financial feasibility can be demonstrated. Research and development rebates are recognised at the point at which the claim is paid to the company.

Domain names20 % straight line basis

Hire purchase and leasing commitments
Assets obtained under hire purchase contracts or finance leases are capitalised in the balance sheet. Those held under hire purchase contracts are depreciated over their estimated useful lives. Those held under finance leases are depreciated over their estimated useful lives or the lease term, whichever is the shorter.

The interest element of these obligations is charged to profit or loss over the relevant period. The capital element of the future payments is treated as a liability.

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 37 (2023 - 36 ) .

The Whiteley Clinic Limited (Registered number: 04391217)

Notes to the Financial Statements - continued
for the Year Ended 30th June 2024


4. INTANGIBLE FIXED ASSETS
Other
intangible
assets
£   
COST
At 1st July 2023 118,164
Additions 6,874
At 30th June 2024 125,038
AMORTISATION
At 1st July 2023
and 30th June 2024 118,164
NET BOOK VALUE
At 30th June 2024 6,874
At 30th June 2023 -

5. TANGIBLE FIXED ASSETS
Improvements
to Plant and Motor
property machinery vehicles Totals
£    £    £    £   
COST
At 1st July 2023 925,259 1,420,931 64,990 2,411,180
Additions - 209,999 - 209,999
At 30th June 2024 925,259 1,630,930 64,990 2,621,179
DEPRECIATION
At 1st July 2023 785,242 1,339,760 12,993 2,137,995
Charge for year 52,862 35,322 12,993 101,177
At 30th June 2024 838,104 1,375,082 25,986 2,239,172
NET BOOK VALUE
At 30th June 2024 87,155 255,848 39,004 382,007
At 30th June 2023 140,017 81,171 51,997 273,185

The net book value of tangible fixed assets includes £ 39,004 (2023 - £ 51,997 ) in respect of assets held under hire purchase contracts.

The Whiteley Clinic Limited (Registered number: 04391217)

Notes to the Financial Statements - continued
for the Year Ended 30th June 2024


6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Trade debtors 121,343 424,185
Amounts owed by group undertakings 125,536 104,739
Other debtors 945,940 608,461
1,192,819 1,137,385

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Bank loans and overdrafts 33,842 63,155
Hire purchase contracts (see note 9) 31,685 18,761
Trade creditors 653,001 552,784
Amounts owed to group undertakings 5,000 -
Taxation and social security (44,430 ) 121,352
Other creditors 87,159 67,561
766,257 823,613

8. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR
2024 2023
£    £   
Bank loans - 33,623
Hire purchase contracts (see note 9) 122,135 18,945
122,135 52,568

9. LEASING AGREEMENTS

Minimum lease payments fall due as follows:

Hire purchase contracts
2024 2023
£    £   
Net obligations repayable:
Within one year 31,685 18,761
Between one and five years 122,135 18,945
153,820 37,706

The Whiteley Clinic Limited (Registered number: 04391217)

Notes to the Financial Statements - continued
for the Year Ended 30th June 2024


9. LEASING AGREEMENTS - continued

Non-cancellable operating leases
2024 2023
£    £   
Within one year 499,491 646,064
Between one and five years 1,079,865 1,579,356
1,579,356 2,225,420

10. SECURED DEBTS

The following secured debts are included within creditors:

2024 2023
£    £   
Bank loans 33,842 96,778
Hire purchase contracts 153,820 37,706
187,662 134,484

The bank loan is secured by a fixed charge on the assets of the company, a fixed charge on the assets of one of the directors and a personal guarantee from a director.

Hire purchase contracts are secured against the assets being financed.

11. PROVISIONS FOR LIABILITIES
2024 2023
£    £   
Other provisions 39,984 39,984

12. RELATED PARTY DISCLOSURES

The company has taken advantage of exemption, under the terms of Financial Reporting Standard 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland', not to disclose related party transactions with wholly owned subsidiaries within the group.