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REGISTERED NUMBER: 01270142 (England and Wales)






















Unaudited Financial Statements

for the Year Ended 31 October 2024

for

White's Textile Services Limited

White's Textile Services Limited (Registered number: 01270142)






Contents of the Financial Statements
for the year ended 31 October 2024




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


White's Textile Services Limited

Company Information
for the year ended 31 October 2024







DIRECTORS: M D White
Mrs E N White
D S White





SECRETARY: Mrs E N White





REGISTERED OFFICE: Meadow Works
15 Fynney Fields
Basford Lane Industrial Estate
Leekbrook Leek
Staffordshire
ST13 7QG





REGISTERED NUMBER: 01270142 (England and Wales)





ACCOUNTANTS: Bennett Brooks & Co Ltd
Chartered Accountants
Cherry Tree Court
Cross Street
Leek
Staffordshire
ST13 6BL

White's Textile Services Limited (Registered number: 01270142)

Balance Sheet
31 October 2024

2024 2023
Notes £ £
FIXED ASSETS
Tangible assets 4 423,109 433,994
Investments 5 7,009 -
430,118 433,994

CURRENT ASSETS
Stocks 154,715 112,995
Debtors 6 448,712 375,974
Cash at bank 283,312 320,594
886,739 809,563
CREDITORS
Amounts falling due within one year 7 (313,590 ) (270,867 )
NET CURRENT ASSETS 573,149 538,696
TOTAL ASSETS LESS CURRENT
LIABILITIES

1,003,267

972,690

CREDITORS
Amounts falling due after more than one year 8 (23,333 ) (41,667 )

PROVISIONS FOR LIABILITIES (10,650 ) -
NET ASSETS 969,284 931,023

CAPITAL AND RESERVES
Called up share capital 100 100
Revaluation reserve 9 273,263 276,747
Retained earnings 695,921 654,176
969,284 931,023

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 October 2024.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 October 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.

White's Textile Services Limited (Registered number: 01270142)

Balance Sheet - continued
31 October 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 16 April 2025 and were signed on its behalf by:





Mrs E N White - Director


White's Textile Services Limited (Registered number: 01270142)

Notes to the Financial Statements
for the year ended 31 October 2024

1. STATUTORY INFORMATION

White's Textile Services 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.

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 as modified by the revaluation of certain assets.

Turnover
Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes.

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 and not provided
Plant and machinery - 25% on reducing balance
Motor vehicles - 25% on reducing balance

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.

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.

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 - 40 ) .

White's Textile Services Limited (Registered number: 01270142)

Notes to the Financial Statements - continued
for the year ended 31 October 2024

4. TANGIBLE FIXED ASSETS
Freehold Plant and Motor
property machinery vehicles Totals
£ £ £ £
COST OR VALUATION
At 1 November 2023 356,300 485,614 9,650 851,564
Additions - 23,758 - 23,758
Disposals - (940 ) - (940 )
At 31 October 2024 356,300 508,432 9,650 874,382
DEPRECIATION
At 1 November 2023 14,237 398,132 5,201 417,570
Charge for year 4,793 27,797 1,113 33,703
At 31 October 2024 19,030 425,929 6,314 451,273
NET BOOK VALUE
At 31 October 2024 337,270 82,503 3,336 423,109
At 31 October 2023 342,063 87,482 4,449 433,994

Cost or valuation at 31 October 2024 is represented by:

Freehold Plant and Motor
property machinery vehicles Totals
£ £ £ £
Valuation in 2021 256,366 - - 256,366
Cost 99,934 508,432 9,650 618,016
356,300 508,432 9,650 874,382

If freehold property had not been revalued they would have been included at the following historical cost:

2024 2023
£ £
Cost 99,934 99,934
Aggregate depreciation 35,928 34,618

Value of land in freehold land and buildings 34,500 34,500

Freehold property were valued on an open market basis on 31 October 2020 by Bury and Hilton .

5. FIXED ASSET INVESTMENTS
Other
investments
£
COST
Additions 7,009
At 31 October 2024 7,009
NET BOOK VALUE
At 31 October 2024 7,009

White's Textile Services Limited (Registered number: 01270142)

Notes to the Financial Statements - continued
for the year ended 31 October 2024

6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£ £
Trade debtors 422,018 346,278
Other debtors 26,694 29,696
448,712 375,974

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£ £
Bank loans and overdrafts 18,333 20,000
Trade creditors 209,001 151,306
Taxation and social security 56,233 65,156
Other creditors 30,023 34,405
313,590 270,867

8. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR
2024 2023
£ £
Bank loans 23,333 41,667

9. RESERVES
Revaluation
reserve
£
At 1 November 2023 276,747
Transfer (3,484 )

At 31 October 2024 273,263