1 December 2023 v2025.18.1 limited_company_frs_102_section_1a_v1_1_2 companies_houseSoftwarefalsetruetruetrueNo description of principal activityfalsetruexbrli:purexbrli:sharesiso4217:GBP070897562023-12-012024-11-30070897562024-11-30070897562023-11-3007089756core:WithinOneYear2024-11-3007089756core:WithinOneYear2023-11-3007089756core:AfterOneYear2024-11-3007089756core:AfterOneYear2023-11-3007089756core:ShareCapital2024-11-3007089756core:ShareCapital2023-11-3007089756core:RetainedEarningsAccumulatedLosses2024-11-3007089756core:RetainedEarningsAccumulatedLosses2023-11-3007089756bus:Director12023-12-012024-11-3007089756bus:RegisteredOffice2023-12-012024-11-3007089756core:PlantMachinery2023-12-012024-11-3007089756core:MotorVehicles2023-12-012024-11-30070897562022-12-012023-11-3007089756core:PlantMachinery2023-12-0107089756core:PlantMachinery2024-11-3007089756core:PlantMachinery2023-11-300708975612023-12-012024-11-3007089756countries:EnglandWales2023-12-012024-11-3007089756bus:AuditExemptWithAccountantsReport2023-12-012024-11-3007089756bus:PrivateLimitedCompanyLtd2023-12-012024-11-3007089756bus:SmallEntities2023-12-012024-11-3007089756bus:FullAccounts2023-12-012024-11-30
Company registration number:
07089756
Whittaker's Of Leek Limited
Unaudited Filleted Financial Statements for the year ended
30 November 2024
Whittaker's Of Leek Limited
Statement of Financial Position
30 November 2024
20242023
Note££
Fixed assets    
Tangible assets 5
125,709
 
123,531
 
Current assets    
Stocks
5,200
 
6,500
 
Debtors 6
74,478
 
77,827
 
Cash at bank and in hand
218,605
 
212,686
 
298,283
 
297,013
 
Creditors: amounts falling due within one year 7
(282,600
)
(291,952
)
Net current assets
15,683
 
5,061
 
Total assets less current liabilities 141,392   128,592  
Creditors: amounts falling due after more than one year 8
(7,500
)
(17,500
)
Provisions for liabilities
(23,885
)
(23,471
)
Net assets
110,007
 
87,621
 
Capital and reserves    
Called up share capital
100
 
100
 
Profit and loss account
109,907
 
87,521
 
Shareholders funds
110,007
 
87,621
 
For the year ending
30 November 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 financial statements for the year in question in accordance with section 476;
  • The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of financial statements.
These
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 income statement has not been delivered.
These
financial statements
were approved by the board of directors and authorised for issue on
16 April 2025
, and are signed on behalf of the board by:
Mr Mark Andrew Whittaker
Director
Company registration number:
07089756
Whittaker's Of Leek Limited
Notes to the Financial Statements
Year ended
30 November 2024

1 General information

The company is a private company limited by shares and is registered in England and Wales. The address of the registered office is
98 Lancaster Road
,
Newcastle Under Lyme
,
Staffordshire
,
ST5 1DS
, United Kingdom.

2 Statement of compliance

These
financial statements
have been prepared in compliance with FRS 102 Section 1A, 'The Financial Reporting Standard applicable to the UK and Republic of Ireland'.

3 Accounting policies

Basis of preparation

The
financial statements
have been prepared on the historical cost basis, as modified by the revaluation of certain financial assets and liabilities and investment properties measured at fair value through profit or loss.
The
financial statements
are prepared in sterling, which is the functional currency of the entity.

Turnover

Turnover is measured at the fair value of the consideration received or receivable for goods supplied and services rendered, net of discounts and Value Added Tax.

Current tax

The taxation expense represents the aggregate amount of current and deferred tax recognised in the reporting period. Tax is recognised in the statement of comprehensive income, except to the extent that it relates to items recognised in other comprehensive income or directly in capital and reserves. In this case, tax is recognised in other comprehensive income or directly in capital and reserves, respectively.
Current tax is recognised on taxable profit for the current and past periods. Current tax is measured at the amounts of tax expected to pay or recover using the tax rates and laws that have been enacted or substantively enacted at the reporting date.
Deferred tax is recognised in respect of all timing differences at the reporting date. Unrelieved tax and other deferred tax assets are recognised to the extent that it is probable that they will be recovered against the reversal of deferred tax liabilities or other future taxable . Deferred tax is measured using the tax rates and laws that have been enacted or substantively enacted by the reporting date that are expected to apply to the reversal of the timing difference.

Tangible assets

Tangible assets are initially measured at cost, and are subsequently measured at cost less any accumulated depreciation and accumulated impairment losses.
Depreciation is calculated so as to write off the cost of an asset, less its estimated residual value, over the useful economic life of that asset as follows:
Plant and machinery
25% reducing balance
Motor vehicles
25% reducing balance

Stocks

Stocks are measured at the lower of cost and estimated selling price less costs to complete and sell. Cost includes all costs of purchase, costs of conversion and other costs incurred in bringing the stocks to their present location and condition.

Financial instruments

A financial asset or a financial liability is recognised only when the company becomes a party to the contractual provisions of the instrument.
Basic financial instruments are initially recognised at the transaction price, unless the arrangement constitutes a financing transaction, where it is recognised at the present value of the future payments discounted at the market rate of interest for a similar debt instrument.

Provisions for liabilities

Provisions are recognised when the entity has an obligation at the reporting date as a result of a past event; it is probable that the entity will be required to transfer economic benefits in settlement and the amount of the obligation can be estimated reliably. Provisions are recognised as a liability in the statement of financial position and the amount of the provision as an expense.
Provisions are initially measured at the best estimate of the amount required to settle the obligation at the reporting date and subsequently reviewed at each reporting date and adjusted to reflect the current best estimate of the amount that would be required to settle the obligation. Any adjustments to the amounts previously recognised are recognised in profit or loss unless the provision was originally recognised as part of the cost of an asset. When a provision is measured at the present value of the amount expected to be required to settle the obligation, the unwinding of the discount is recognised in finance costs in profit or loss in the period it arises.

4 Average number of employees

The average number of persons employed by the company during the year was
1
(2023:
2
).

5 Tangible assets

Plant and machinery etc.
£
Cost  
At
1 December 2023
381,052
 
Additions
45,458
 
Disposals
(6,000
)
At
30 November 2024
420,510
 
Depreciation  
At
1 December 2023
257,521
 
Charge
41,856
 
Disposals
(4,576
)
At
30 November 2024
294,801
 
Carrying amount  
At
30 November 2024
125,709
 
At 30 November 2023
123,531
 

6 Debtors

20242023
££
Trade debtors
38,978
 
41,760
 
Amounts owed by group undertakings and undertakings in which the company has a participating interest
30,500
 
30,500
 
Other debtors
5,000
 
5,567
 
74,478
 
77,827
 

7 Creditors: amounts falling due within one year

20242023
££
Bank loans and overdrafts
10,000
 
10,000
 
Trade creditors
8,666
 
11,824
 
Taxation and social security
22,863
 
29,405
 
Other creditors
241,071
 
240,723
 
282,600
 
291,952
 

8 Creditors: amounts falling due after more than one year

20242023
££
Bank loans and overdrafts
7,500
 
17,500
 

10 Controlling party

Whittakers (Staffordshire) Holdings Limited is the ultimate controlling party by virtue of it's shareholding in the company.