Registered number
10745794
White Hill Commercials Ltd
Filleted Accounts
31 March 2025
White Hill Commercials Ltd
Registered number: 10745794
Balance Sheet
as at 31 March 2025
Notes 2025 2024
£ £
Fixed assets
Tangible assets 3 159,212 267,621
Current assets
Stocks 356,380 459,029
Debtors 4 62,126 89,067
418,506 548,096
Creditors: amounts falling due within one year 5 (164,898) (240,376)
Net current assets 253,608 307,720
Total assets less current liabilities 412,820 575,341
Creditors: amounts falling due after more than one year 6 (52,996) (106,509)
Net assets 359,824 468,832
Capital and reserves
Called up share capital 30 30
Profit and loss account 359,794 468,802
Shareholders' funds 359,824 468,832
The directors are satisfied that the company is entitled to exemption from the requirement to obtain an audit under section 477 of the Companies Act 2006.
The members have not required the company to obtain an audit in accordance with section 476 of the Act.
The directors acknowledge their responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of accounts.
The accounts have been prepared and delivered in accordance with the special provisions applicable to companies subject to the small companies regime. The profit and loss account has not been delivered to the Registrar of Companies.
Mr M Johnson
Director
Approved by the board on 30 April 2025
White Hill Commercials Ltd
Notes to the Accounts
for the year ended 31 March 2025
1 Accounting policies
Basis of preparation
The accounts have been prepared under the historical cost convention and in accordance with FRS 102, The Financial Reporting Standard applicable in the UK and Republic of Ireland (as applied to small entities by section 1A of the standard).
Turnover
Turnover is measured at the fair value of the consideration received or receivable, net of discounts and value added taxes. Turnover includes revenue earned from the sale of goods and from the rendering of services. Turnover from the sale of goods is recognised when the significant risks and rewards of ownership of the goods have transferred to the buyer. Turnover from the rendering of services is recognised by reference to the stage of completion of the contract. The stage of completion of a contract is measured by comparing the costs incurred for work performed to date to the total estimated contract costs.
Tangible fixed assets
Tangible fixed assets are measured at cost less accumulative depreciation and any accumulative impairment losses. Depreciation is provided on all tangible fixed assets, other than freehold land, at rates calculated to write off the cost, less estimated residual value, of each asset evenly over its expected useful life, as follows:
Plant and Machinery 15% Reducing Balance
Motor Vehicles 5% Reducing Balance
Stocks
Stocks are measured at the lower of cost and estimated selling price less costs to complete and sell. Cost is determined using the first in first out method. The carrying amount of stock sold is recognised as an expense in the period in which the related revenue is recognised.
Debtors
Short term debtors are measured at transaction price (which is usually the invoice price), less any impairment losses for bad and doubtful debts. Loans and other financial assets are initially recognised at transaction price including any transaction costs and subsequently measured at amortised cost determined using the effective interest method, less any impairment losses for bad and doubtful debts.
Creditors
Short term creditors are measured at transaction price (which is usually the invoice price). Loans and other financial liabilities are initially recognised at transaction price net of any transaction costs and subsequently measured at amortised cost determined using the effective interest method.
Taxation
A current tax liability is recognised for the tax payable on the taxable profit of the current and past periods. A current tax asset is recognised in respect of a tax loss that can be carried back to recover tax paid in a previous period. Deferred tax is recognised in respect of all timing differences between the recognition of income and expenses in the financial statements and their inclusion in tax assessments. 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. Deferred tax is measured using the tax rates and laws that have been enacted or substantively enacted by the reporting date and that are expected to apply to the reversal of the timing difference, except for revalued land and investment property where the tax rate that applies to the sale of the asset is used. Current and deferred tax assets and liabilities are not discounted.
Foreign currency translation
Transactions in foreign currencies are initially recognised at the rate of exchange ruling at the date of the transaction. At the end of each reporting period foreign currency monetary items are translated at the closing rate of exchange. Non-monetary items that are measured at historical cost are translated at the rate ruling at the date of the transaction. All differences are charged to profit or loss.
Pensions
Contributions to defined contribution plans are expensed in the period to which they relate.
2 Employees 2025 2024
Number Number
Average number of persons employed by the company 4 4
3 Tangible fixed assets
Plant and machinery etc Motor vehicles Total
£ £ £
Cost
At 1 April 2024 134,601 439,817 574,418
Disposals - (112,000) (112,000)
At 31 March 2025 134,601 327,817 462,418
Depreciation
At 1 April 2024 77,853 228,944 306,797
Charge for the year 8,543 14,176 22,719
On disposals - (26,310) (26,310)
At 31 March 2025 86,396 216,810 303,206
Net book value
At 31 March 2025 48,205 111,007 159,212
At 31 March 2024 56,748 210,873 267,621
4 Debtors 2025 2024
£ £
Trade debtors 46,091 67,392
Other debtors 16,035 21,675
62,126 89,067
5 Creditors: amounts falling due within one year 2025 2024
£ £
Bank loans and overdrafts 153,040 254,840
Taxation and social security costs 2,075 (1,779)
Other creditors 9,783 (12,685)
164,898 240,376
6 Creditors: amounts falling due after one year 2025 2024
£ £
Bank loans 24,856 44,095
Obligations under finance lease and hire purchase contracts 28,140 62,414
52,996 106,509
7 Other information
White Hill Commercials Ltd is a private company limited by shares and incorporated in England. Its registered office is:
White Hill Farm
Hatkill Lane
Full Sutton
YO41 1HR
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