Caseware UK (AP4) 2024.0.164 2024.0.164 2024-07-312024-07-312025-05-162023-08-01falseNo description of principal activity33falsetrueThe members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.false SC665135 2023-08-01 2024-07-31 SC665135 2022-08-01 2023-07-31 SC665135 2024-07-31 SC665135 2023-07-31 SC665135 c:Director1 2023-08-01 2024-07-31 SC665135 c:Director2 2023-08-01 2024-07-31 SC665135 c:Director3 2023-08-01 2024-07-31 SC665135 c:RegisteredOffice 2023-08-01 2024-07-31 SC665135 d:Buildings 2023-08-01 2024-07-31 SC665135 d:Buildings 2024-07-31 SC665135 d:Buildings 2023-07-31 SC665135 d:Buildings d:OwnedOrFreeholdAssets 2023-08-01 2024-07-31 SC665135 d:Buildings d:LeasedAssetsHeldAsLessee 2023-08-01 2024-07-31 SC665135 d:PlantMachinery 2023-08-01 2024-07-31 SC665135 d:PlantMachinery 2024-07-31 SC665135 d:PlantMachinery 2023-07-31 SC665135 d:PlantMachinery d:OwnedOrFreeholdAssets 2023-08-01 2024-07-31 SC665135 d:PlantMachinery d:LeasedAssetsHeldAsLessee 2023-08-01 2024-07-31 SC665135 d:MotorVehicles 2023-08-01 2024-07-31 SC665135 d:MotorVehicles 2024-07-31 SC665135 d:MotorVehicles 2023-07-31 SC665135 d:MotorVehicles d:OwnedOrFreeholdAssets 2023-08-01 2024-07-31 SC665135 d:MotorVehicles d:LeasedAssetsHeldAsLessee 2023-08-01 2024-07-31 SC665135 d:FurnitureFittings 2023-08-01 2024-07-31 SC665135 d:FurnitureFittings 2024-07-31 SC665135 d:FurnitureFittings 2023-07-31 SC665135 d:FurnitureFittings d:OwnedOrFreeholdAssets 2023-08-01 2024-07-31 SC665135 d:FurnitureFittings d:LeasedAssetsHeldAsLessee 2023-08-01 2024-07-31 SC665135 d:OwnedOrFreeholdAssets 2023-08-01 2024-07-31 SC665135 d:LeasedAssetsHeldAsLessee 2023-08-01 2024-07-31 SC665135 d:CurrentFinancialInstruments 2024-07-31 SC665135 d:CurrentFinancialInstruments 2023-07-31 SC665135 d:CurrentFinancialInstruments d:WithinOneYear 2024-07-31 SC665135 d:CurrentFinancialInstruments d:WithinOneYear 2023-07-31 SC665135 d:ShareCapital 2024-07-31 SC665135 d:ShareCapital 2023-07-31 SC665135 d:RetainedEarningsAccumulatedLosses 2024-07-31 SC665135 d:RetainedEarningsAccumulatedLosses 2023-07-31 SC665135 c:OrdinaryShareClass1 2023-08-01 2024-07-31 SC665135 c:OrdinaryShareClass1 2024-07-31 SC665135 c:OrdinaryShareClass1 2023-07-31 SC665135 c:FRS102 2023-08-01 2024-07-31 SC665135 c:AuditExempt-NoAccountantsReport 2023-08-01 2024-07-31 SC665135 c:FullAccounts 2023-08-01 2024-07-31 SC665135 c:PrivateLimitedCompanyLtd 2023-08-01 2024-07-31 SC665135 e:PoundSterling 2023-08-01 2024-07-31 iso4217:GBP xbrli:shares xbrli:pure
Registered number: SC665135










J W WHEATLEY & SON LIMITED
FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 JULY 2024

 
J W WHEATLEY & SON LIMITED
 

COMPANY INFORMATION


DIRECTORS
Mr D Wheatley 
Mr S Wheatley 
Mr J Wheatley 




REGISTERED NUMBER
SC665135



REGISTERED OFFICE
2 Commercial Street
Alyth

Blairgowrie

Perthshire

PH11 8AF




ACCOUNTANTS
EQ Accountants Limited
Chartered Accountants

Westby

64 West High Street

Forfar

Angus

DD8 1BJ





 
J W WHEATLEY & SON LIMITED
REGISTERED NUMBER: SC665135

STATEMENT OF FINANCIAL POSITION
AS AT 31 JULY 2024

2024
2023
£
£

FIXED ASSETS
  

Tangible assets
 4 
220,417
219,095

Investments
 5 
50
50

  
220,467
219,145

CURRENT ASSETS
  

Stocks
  
93,150
93,150

Debtors: amounts falling due within one year
 6 
84,456
76,713

Cash at bank and in hand
  
292,438
240,422

  
470,044
410,285

Creditors: amounts falling due within one year
 7 
(326,694)
(338,786)

NET CURRENT ASSETS
  
 
 
143,350
 
 
71,499

TOTAL ASSETS LESS CURRENT LIABILITIES
  
363,817
290,644

  

NET ASSETS
  
363,817
290,644


CAPITAL AND RESERVES
  

Called up share capital 
 8 
100
100

Profit and loss account
  
363,717
290,544

  
363,817
290,644


Page 1

 
J W WHEATLEY & SON LIMITED
REGISTERED NUMBER: SC665135

STATEMENT OF FINANCIAL POSITION (CONTINUED)
AS AT 31 JULY 2024

The directors consider that the Company is entitled to exemption from audit under section 477 of the Companies Act 2006 and members have not required the Company to obtain an audit for the year in question in accordance with section 476 of the Companies Act 2006.

The directors acknowledge their responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of financial statements.

The financial statements have been prepared in accordance with the provisions applicable to companies subject to the small companies regime and in accordance with the provisions of FRS 102 Section 1A - small entities.

The financial statements have been delivered in accordance with the provisions applicable to companies subject to the small companies regime.

The Company has opted not to file the statement of income and retained earnings in accordance with provisions applicable to companies subject to the small companies' regime.

The financial statements were approved and authorised for issue by the board and were signed on its behalf on 16 May 2025.




Mr D Wheatley
Director

The notes on pages 3 to 6 form part of these financial statements.

Page 2

 
J W WHEATLEY & SON LIMITED
 

 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 JULY 2024

1.


GENERAL INFORMATION

J.W.Wheatley & Son Limited is a private company, limited by shares, incorporated in Scotland with registration number SC665135. The registered office is 2 Commercial Street, Alyth, Blairgowrie, Perthshire PH11 8AF.
The financial statements are presented in Sterling which is the functional currency of the Company and rounded to the nearest £.

2.ACCOUNTING POLICIES

 
2.1

BASIS OF PREPARATION OF FINANCIAL STATEMENTS

The financial statements have been prepared under the historical cost convention unless otherwise specified within these accounting policies and in accordance with FRS 102 'The Financial Reporting Standard applicable in the UK and the Republic of Ireland' and the requirements of the Companies Act 2006. The disclosure requirements of Section 1A of FRS 102 have been applied other than where additional disclosure is required to show a true and fair view.

The following principal accounting policies have been applied:

 
2.2

TURNOVER

Turnover is recognised to the extent that it is probable that the economic benefits will flow to the Company and the turnover can be reliably measured. Turnover is measured as the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes. The following criteria must also be met before turnover is recognised:

Rendering of services

Turnover from a contract to provide services is recognised in the period in which the services are provided in accordance with the stage of completion of the contract when all of the following conditions are satisfied:
the amount of turnover can be measured reliably;
it is probable that the Company will receive the consideration due under the contract;
the stage of completion of the contract at the end of the reporting period can be measured reliably; and
the costs incurred and the costs to complete the contract can be measured reliably.

 
2.3

PENSIONS

DEFINED CONTRIBUTION PENSION PLAN

The Company operates a defined contribution plan for its employees. A defined contribution plan is a pension plan under which the Company pays fixed contributions into a separate entity. Once the contributions have been paid the Company has no further payment obligations.

The contributions are recognised as an expense in profit or loss when they fall due. Amounts not paid are shown in accruals as a liability in the Statement of Financial Position. The assets of the plan are held separately from the Company in independently administered funds.

Page 3

 
J W WHEATLEY & SON LIMITED
 

 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 JULY 2024

2.ACCOUNTING POLICIES (CONTINUED)

 
2.4

TAXATION

Tax is recognised in profit or loss except that a charge attributable to an item of income and expense recognised as other comprehensive income or to an item recognised directly in equity is also recognised in other comprehensive income or directly in equity respectively.

The current income tax charge is calculated on the basis of tax rates and laws that have been enacted or substantively enacted by the reporting date in the countries where the Company operates and generates income.


 
2.5

TANGIBLE FIXED ASSETS

Tangible fixed assets under the cost model are stated at historical cost less accumulated depreciation and any accumulated impairment losses. Historical cost includes expenditure that is directly attributable to bringing the asset to the location and condition necessary for it to be capable of operating in the manner intended by management.

Depreciation is charged so as to allocate the cost of assets less their residual value over their estimated useful lives, on a reducing balance basis.

Depreciation is provided on the following basis:

Freehold property
-
not depreciated
Plant and machinery
-
25%
Motor vehicles
-
25%
Fixtures and fittings
-
not depreciated

The assets' residual values, useful lives and depreciation methods are reviewed, and adjusted prospectively if appropriate, or if there is an indication of a significant change since the last reporting date.

Gains and losses on disposals are determined by comparing the proceeds with the carrying amount and are recognised in profit or loss.

 
2.6

STOCKS

Stocks are stated at the lower of cost and net realisable value, being the estimated selling price less costs to complete and sell. Cost is based on the cost of purchase on a first in, first out basis. Work in progress and finished goods include labour and attributable overheads.

At each reporting date, stocks are assessed for impairment. If stock is impaired, the carrying amount is reduced to its selling price less costs to complete and sell. The impairment loss is recognised immediately in profit or loss.

 
2.7

DIVIDENDS

Equity dividends are recognised when they become legally payable. Interim equity dividends are recognised when paid. Final equity dividends are recognised when approved by the shareholders at an annual general meeting.


3.


EMPLOYEES

The average monthly number of employees, including directors, during the year was 3 (2023 - 3).

Page 4

 
J W WHEATLEY & SON LIMITED
 

 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 JULY 2024

4.


TANGIBLE FIXED ASSETS





Freehold property
Plant and machinery
Motor vehicles
Fixtures and fittings
Total

£
£
£
£
£



COST OR VALUATION


At 1 August 2023
90,000
26,324
200,667
1,743
318,734


Additions
-
1,965
61,354
1,662
64,981


Disposals
-
-
(42,930)
-
(42,930)



At 31 July 2024

90,000
28,289
219,091
3,405
340,785



DEPRECIATION


At 1 August 2023
-
12,527
87,112
-
99,639


Charge for the year on owned assets
-
3,947
38,398
-
42,345


Charge for the year on financed assets
-
-
(21,616)
-
(21,616)



At 31 July 2024

-
16,474
103,894
-
120,368



NET BOOK VALUE



At 31 July 2024
90,000
11,815
115,197
3,405
220,417



At 31 July 2023
90,000
13,797
113,555
1,743
219,095


5.


FIXED ASSET INVESTMENTS





Trade investments

£





At 1 August 2023
50



At 31 July 2024
50




Page 5

 
J W WHEATLEY & SON LIMITED
 

 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 JULY 2024

6.


DEBTORS

2024
2023
£
£


Trade debtors
79,123
74,772

Other debtors
3,196
1,284

Prepayments and accrued income
2,137
657

84,456
76,713



7.


CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2024
2023
£
£

Other taxation and social security
59,273
25,905

Other creditors
263,632
308,723

Accruals and deferred income
3,789
4,158

326,694
338,786



8.


SHARE CAPITAL

2024
2023
£
£
ALLOTTED, CALLED UP AND FULLY PAID



100 (2023 - 100) Ordinary shares of £1.00 each
100
100



Page 6