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REGISTERED NUMBER: 00909213 (England and Wales)















David Whitehead & Sons Limited

Unaudited Financial Statements

for the Year Ended 30 September 2024






David Whitehead & Sons Limited (Registered number: 00909213)






Contents of the Financial Statements
for the year ended 30 September 2024




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


David Whitehead & Sons Limited

Company Information
for the year ended 30 September 2024







DIRECTORS: BR Laverty
Mrs J Laverty





SECRETARY: BR Laverty





REGISTERED OFFICE: Holly Bank
2a The Common
Parbold
WIGAN
Lancashire
WN8 7DA





REGISTERED NUMBER: 00909213 (England and Wales)





ACCOUNTANTS: McMillan & Co LLP
Chartered Accountants
28 Eaton Avenue
Matrix Office Park
Buckshaw Village
Chorley
Lancashire
PR7 7NA

David Whitehead & Sons Limited (Registered number: 00909213)

Balance Sheet
30 September 2024

2024 2023
Notes £ £ £ £
FIXED ASSETS
Tangible assets 4 51,043 56,254
Investments 5 - 300
Investment property 6 238,394 238,394
289,437 294,948

CURRENT ASSETS
Stocks 16,160 -
Debtors 7 32,838 6,778
Cash at bank 879,802 946,234
928,800 953,012
CREDITORS
Amounts falling due within one year 8 406,088 366,452
NET CURRENT ASSETS 522,712 586,560
TOTAL ASSETS LESS CURRENT
LIABILITIES

812,149

881,508

PROVISIONS FOR LIABILITIES 9 2,067 2,756
NET ASSETS 810,082 878,752

CAPITAL AND RESERVES
Called up share capital 10 100 100
Retained earnings 809,982 878,652
SHAREHOLDERS' FUNDS 810,082 878,752

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

The members have not required the company to obtain an audit of its financial statements for the year ended 30 September 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.

David Whitehead & Sons Limited (Registered number: 00909213)

Balance Sheet - continued
30 September 2024


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 31 March 2025 and were signed on its behalf by:





BR Laverty - Director


David Whitehead & Sons Limited (Registered number: 00909213)

Notes to the Financial Statements
for the year ended 30 September 2024

1. STATUTORY INFORMATION

David Whitehead & Sons Limited is a private company, limited by shares , registered in England and Wales. The company's registered number and registered office address can be found on the Company Information page.

The presentation currency of the financial statements is the Pound Sterling (£).


The amounts in the financial statements have been rounded to the nearest £1.

2. ACCOUNTING POLICIES

Basis of preparing the financial statements
These financial statements have been prepared in accordance with Financial Reporting Standard 102 "The Financial Reporting Standard applicable in the UK and Republic of Ireland" including the provisions of Section 1A "Small Entities" and the Companies Act 2006. The financial statements have been prepared under the historical cost convention.

Turnover
Turnover represents sales of goods, excluding value added tax.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Freehold property - 2% on cost
Fixtures and fittings - 15% on cost
Motor vehicles - 25% on reducing balance

Investment property
In accordance with Statement of Standard Accounting Practice No. 19, certain of the company's properties are held for long-term investment and are included in the Balance Sheet at their open market values. The surplus or deficit on revaluation of such properties are transferred to the investment property revaluation reserve. Depreciation is not provided in respect of freehold investment properties. This policy represents a departure from the requirements of the Companies Act, which requires depreciation to be provided on all fixed assets. The directors consider that this policy is necessary in order that the Financial Statements may give a true and fair view because current values and changes in current values are of prime importance rather than the calculation of systematic annual depreciation. Depreciation is only one of many factors reflected in the valuation and the amount which might otherwise have been shown cannot be separately identified or quantified.

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

Financial instruments
Financial instruments are recognised when the company becomes party to the contractual provisions of the instrument. Basic financial assets, which include debtors, prepayments and bank balances, are initially measured at transaction price and are subsequently carried at cost unless the arrangement indicates otherwise and then the asset is measured at the present value of the future receipts discounted at a market rate of interest. Basic financial liabilities, which include creditors, accruals, bank loans and group borrowings, are initially recognised at transaction price and are subsequently carried at cost unless the arrangement indicates otherwise and then the liability is measured at the present value of the future obligations discounted at a market rate of interest.


David Whitehead & Sons Limited (Registered number: 00909213)

Notes to the Financial Statements - continued
for the year ended 30 September 2024

2. ACCOUNTING POLICIES - continued
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.

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.

Foreign currencies
Assets and liabilities in foreign currencies are translated into sterling at the rates of exchange ruling at the balance sheet date. Transactions in foreign currencies are translated into sterling at the rate of exchange ruling at the date of transaction. Exchange differences are taken into account in arriving at the operating result.

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.

Investments
Investments are stated at the lower of cost and market value.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 3 (2023 - 3 ) .

David Whitehead & Sons Limited (Registered number: 00909213)

Notes to the Financial Statements - continued
for the year ended 30 September 2024

4. TANGIBLE FIXED ASSETS
Fixtures
Freehold and Motor
property fittings vehicles Totals
£ £ £ £
COST
At 1 October 2023
and 30 September 2024 79,397 19,716 25,794 124,907
DEPRECIATION
At 1 October 2023 37,651 19,716 11,286 68,653
Charge for year 1,584 - 3,627 5,211
At 30 September 2024 39,235 19,716 14,913 73,864
NET BOOK VALUE
At 30 September 2024 40,162 - 10,881 51,043
At 30 September 2023 41,746 - 14,508 56,254

5. FIXED ASSET INVESTMENTS
Other
investments
£
COST
At 1 October 2023 300
Impairments (300 )
At 30 September 2024 -
NET BOOK VALUE
At 30 September 2024 -
At 30 September 2023 300

Market value of listed investments at 30 September 2024 - NIL (2023 - £300).

6. INVESTMENT PROPERTY
Total
£
FAIR VALUE
At 1 October 2023
and 30 September 2024 238,394
NET BOOK VALUE
At 30 September 2024 238,394
At 30 September 2023 238,394

The director's consider the cost to be the market value at 30 September 2024.

David Whitehead & Sons Limited (Registered number: 00909213)

Notes to the Financial Statements - continued
for the year ended 30 September 2024

7. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£ £
Trade debtors 31,147 6,415
VAT 1,691 363
32,838 6,778

8. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£ £
Trade creditors 17,191 -
Taxation and social security 392 2,313
Other creditors 388,505 364,139
406,088 366,452

Included in other creditors is an amount owing to the director of £372,984 (2023 - £335,523) which is unsecured, interest free and has no fixed repayment date.

9. PROVISIONS FOR LIABILITIES
2024 2023
£ £
Deferred tax
Accelerated Capital Allowances 2,067 2,756

Deferred tax
£
Balance at 1 October 2023 2,756
Credit to Statement of Income and Retained Earnings during year (689 )
Balance at 30 September 2024 2,067

10. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 2024 2023
value: £ £
100 Ordinary £1 100 100

11. RELATED PARTY DISCLOSURES

In the director's opinion the company is controlled by Mr and Mrs BR Laverty.