Whiteleys (Leaded Lights) Limited 01731403 false 2023-08-01 2024-07-31 2024-07-31 The principal activity of the company is that of the manufacture and distribution of leaded lights, stained glass, double glazed units and allied products. Digita Accounts Production Advanced 6.30.9574.0 true 01731403 2023-08-01 2024-07-31 01731403 2024-07-31 01731403 core:RetainedEarningsAccumulatedLosses 2024-07-31 01731403 core:ShareCapital 2024-07-31 01731403 core:CurrentFinancialInstruments core:WithinOneYear 2024-07-31 01731403 core:Non-currentFinancialInstruments core:AfterOneYear 2024-07-31 01731403 core:FurnitureFittingsToolsEquipment 2024-07-31 01731403 core:MotorVehicles 2024-07-31 01731403 core:OtherPropertyPlantEquipment 2024-07-31 01731403 bus:SmallEntities 2023-08-01 2024-07-31 01731403 bus:AuditExemptWithAccountantsReport 2023-08-01 2024-07-31 01731403 bus:FilletedAccounts 2023-08-01 2024-07-31 01731403 bus:SmallCompaniesRegimeForAccounts 2023-08-01 2024-07-31 01731403 bus:RegisteredOffice 2023-08-01 2024-07-31 01731403 bus:Director1 2023-08-01 2024-07-31 01731403 bus:PrivateLimitedCompanyLtd 2023-08-01 2024-07-31 01731403 core:FurnitureFittingsToolsEquipment 2023-08-01 2024-07-31 01731403 core:MotorVehicles 2023-08-01 2024-07-31 01731403 core:OtherPropertyPlantEquipment 2023-08-01 2024-07-31 01731403 core:PlantMachinery 2023-08-01 2024-07-31 01731403 countries:England 2023-08-01 2024-07-31 01731403 2023-07-31 01731403 core:FurnitureFittingsToolsEquipment 2023-07-31 01731403 core:MotorVehicles 2023-07-31 01731403 core:OtherPropertyPlantEquipment 2023-07-31 01731403 2022-08-01 2023-07-31 01731403 2023-07-31 01731403 core:RetainedEarningsAccumulatedLosses 2023-07-31 01731403 core:ShareCapital 2023-07-31 01731403 core:CurrentFinancialInstruments core:WithinOneYear 2023-07-31 01731403 core:Non-currentFinancialInstruments core:AfterOneYear 2023-07-31 01731403 core:FurnitureFittingsToolsEquipment 2023-07-31 01731403 core:MotorVehicles 2023-07-31 01731403 core:OtherPropertyPlantEquipment 2023-07-31 iso4217:GBP xbrli:pure

Registration number: 01731403

Whiteleys (Leaded Lights) Limited

Annual Report and Unaudited Financial Statements

for the Year Ended 31 July 2024

 

Whiteleys (Leaded Lights) Limited

Contents

Balance Sheet

1 to 2

Notes to the Unaudited Financial Statements

3 to 7

 

Whiteleys (Leaded Lights) Limited

Balance Sheet

as at 31 July 2024

Note

2024
£

2023
£

Fixed assets

 

Tangible assets

4

18,057

20,905

Current assets

 

Stocks

22,591

21,212

Debtors

5

358,184

315,803

Cash at bank and in hand

 

926

47,867

 

381,701

384,882

Creditors: Amounts falling due within one year

6

(122,973)

(133,295)

Net current assets

 

258,728

251,587

Total assets less current liabilities

 

276,785

272,492

Creditors: Amounts falling due after more than one year

6

(6,667)

(14,667)

Provisions for liabilities

(3,729)

(4,589)

Net assets

 

266,389

253,236

Capital and reserves

 

Allotted, called up and fully paid share capital

100

100

Profit and loss account

266,289

253,136

Shareholders' funds

 

266,389

253,236

Registration number: 01731403

 

Whiteleys (Leaded Lights) Limited

Balance Sheet

as at 31 July 2024 (continued)

For the financial year ending 31 July 2024 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

Directors' responsibilities:

The members have not required the company to obtain an audit of its accounts for the year in question in accordance with section 476; and

The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.

These financial statements have been prepared in accordance with the special provisions relating to companies subject to the small companies regime within Part 15 of the Companies Act 2006.

These financial statements have been delivered in accordance with the provisions applicable to companies subject to the small companies regime and the option not to file the Profit and Loss Account has been taken.

Approved and authorised by the Board on 25 April 2025 and signed on its behalf by:
 

.........................................
Mr M A Thornton
Director

 

Whiteleys (Leaded Lights) Limited

Notes to the Unaudited Financial Statements

for the Year Ended 31 July 2024

1

General information

The company is a private company limited by shares incorporated in England within the United Kingdom.

The company's registration number is 01731403.

The address of its registered office is:
Unit 1 Leodis Court
Marshall Street
Leeds
West Yorkshire
LS11 5JJ

2

Accounting policies

Summary of significant accounting policies and key accounting estimates

The principal accounting policies applied in the preparation of these financial statements are set out below. These policies have been consistently applied to all the years presented, unless otherwise stated.

Statement of compliance

These financial statements have been prepared in accordance with Financial Reporting Standard 102 Section 1A - 'The Financial Reporting Standard applicable in the UK and Republic of Ireland' and the Companies Act 2006 (as applicable to companies subject to the small companies' regime).

Basis of preparation

These financial statements have been prepared using the historical cost convention except that as disclosed in the accounting policies certain items are shown at fair value.

Revenue recognition

Turnover comprises the fair value of the consideration received or receivable for the sale of goods in the ordinary course of the company’s activities. Turnover is shown net of value added tax, returns, rebates and discounts.

Turnover from the sale of goods is recognised when the significant risks and rewards of ownership of the goods have been transferred to the buyer.

 

Whiteleys (Leaded Lights) Limited

Notes to the Unaudited Financial Statements

for the Year Ended 31 July 2024 (continued)

2

Accounting policies (continued)

Tax

Current tax represents the amount of tax payable or receivable in respect of the taxable profit (or loss) for the current or past reporting periods. It is measured at the amount expected to be paid or recovered using the tax rates and laws that have been enacted or substantively enacted by the balance sheet date.

Deferred tax is recognised on temporary differences arising between the tax bases of assets and liabilities and their carrying amounts in the financial statements and on unused tax losses or tax credits in the company. Deferred tax is determined using tax rates and laws that have been enacted or substantively enacted by the reporting date.

Tangible assets

Tangible assets are stated in the balance sheet at cost, less any subsequent accumulated depreciation.

The cost of tangible assets includes directly attributable incremental costs incurred in their acquisition and installation.

Depreciation

Depreciation is charged so as to write off the cost of assets over their estimated useful lives as follows:

Asset class

Depreciation method and rate

Plant and machinery

20% per annum on a reducing balance basis

Fixtures, fittings and equipment

20% per annum on a reducing balance basis

Motor vehicles

25% per annum on a reducing balance basis

Stocks

Stocks are stated at the lower of cost and estimated selling price less costs to complete and sell. Cost is determined using the first-in, first-out (FIFO) method. Provision is made for damaged, obsolete and slow-moving stock where appropriate.

Work in progress is valued on the basis of direct costs plus attributable overheads based on normal level of activity. Provision is made for any foreseeable losses where appropriate. No element of profit is included in the valuation of work in progress.

 

Whiteleys (Leaded Lights) Limited

Notes to the Unaudited Financial Statements

for the Year Ended 31 July 2024 (continued)

2

Accounting policies (continued)

Leases

Rentals in which substantially all the risks and rewards of ownership are retained by the lessor are classified as operating leases. Payments made under operating leases are charged to the profit and loss account on a straight-line basis over the period of the lease.

Hire purchase agreements are classified as finance leases whenever the terms of the lease transfer substantially all the risks and rewards of ownership to the lessee.

Assets held under finance leases are capitalised and depreciated over their useful lives. Obligations under such agreements are included in creditors net of the finance charge allocated to future periods. The finance element of the rental payment is charged to the profit and loss account so as to produce a constant periodic rate of charge on the net obligation outstanding in each period.

Defined contribution pension obligation

The company operates a defined contribution pension scheme for employees. The assets of the scheme are held separately from those of the company. The annual contributions are charged to the profit and loss account.

3

Staff numbers

The average number of persons employed by the company (including directors) during the year, was 10 (2023 - 10).

 

Whiteleys (Leaded Lights) Limited

Notes to the Unaudited Financial Statements

for the Year Ended 31 July 2024 (continued)

4

Tangible assets

Fixtures, fittings and equipment
 £

Motor vehicles
 £

Plant and machinery
 £

Total
£

Cost

At 1 August 2023

55,112

33,130

197,702

285,944

Additions

3,512

-

-

3,512

Disposals

(12,628)

(16,210)

-

(28,838)

At 31 July 2024

45,996

16,920

197,702

260,618

Depreciation

At 1 August 2023

49,612

27,012

188,415

265,039

Charge for the year

1,575

1,344

1,856

4,775

Eliminated on disposal

(11,784)

(15,469)

-

(27,253)

At 31 July 2024

39,403

12,887

190,271

242,561

Net book value

At 31 July 2024

6,593

4,033

7,431

18,057

At 31 July 2023

5,500

6,118

9,287

20,905

5

Debtors

2024
£

2023
£

Trade debtors

82,775

74,863

Amounts owed by group undertakings

268,331

233,632

Prepayments

7,078

7,308

358,184

315,803

 

Whiteleys (Leaded Lights) Limited

Notes to the Unaudited Financial Statements

for the Year Ended 31 July 2024 (continued)

6

Creditors

2024
£

2023
£

Due within one year

Bank borrowings

8,000

8,000

HP and finance lease liabilities

-

1,838

Other borrowings

13,271

13,270

Trade creditors

65,422

67,865

Taxation and social security

14,917

18,807

Other creditors

629

569

Accruals and deferred income

7,506

6,457

Corporation tax

13,228

16,489

122,973

133,295

Due after one year

Bank borrowings

6,667

14,667

The bank borrowings are secured by a debenture on fixed and floating charges over the undertaking and all property and assets present and future.