Registered number
09791747
WHITS OF WALMER LTD
Filleted Accounts
30 September 2024
WHITS OF WALMER LTD
Registered number: 09791747
Balance Sheet
as at 30 September 2024
Notes 2024 2023
£ £
Fixed assets
Tangible assets 3 953 1,430
Current assets
Stocks 1,000 1,000
Debtors 4 182 -
1,182 1,000
Creditors: amounts falling due within one year 5 (163,346) (156,698)
Net current liabilities (162,164) (155,698)
Total assets less current liabilities (161,211) (154,268)
Creditors: amounts falling due after more than one year 6 (20,701) (25,298)
Net liabilities (181,912) (179,566)
Capital and reserves
Called up share capital 2 2
Profit and loss account (181,914) (179,568)
Shareholder's funds (181,912) (179,566)
The director is satisfied that the company is entitled to exemption from the requirement to obtain an audit under section 477 of the Companies Act 2006.
The member has not required the company to obtain an audit in accordance with section 476 of the Act.
The director acknowledges her 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.
E Barkasz De Csenger
Director
Approved by the board on 3 June 2025
WHITS OF WALMER LTD
Notes to the Accounts
for the year ended 30 September 2024
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. Turnover from the sale of goods is recognised when the significant risks and rewards of ownership of the goods have transferred to the buyer.
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 over 5 years
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.
2 Employees 2024 2023
Number Number
Average number of persons employed by the company 2 2
3 Tangible fixed assets
Plant and machinery etc
£
Cost
At 1 October 2023 3,743
At 30 September 2024 3,743
Depreciation
At 1 October 2023 2,313
Charge for the year 477
At 30 September 2024 2,790
Net book value
At 30 September 2024 953
At 30 September 2023 1,430
4 Debtors 2024 2023
£ £
Other debtors 182 -
5 Creditors: amounts falling due within one year 2024 2023
£ £
Bank loans and overdrafts 35,776 34,798
Trade creditors 1,512 9,732
Taxation and social security costs 5,904 15,019
Other creditors 120,154 97,149
163,346 156,698
6 Creditors: amounts falling due after one year 2024 2023
£ £
Bank loans 20,701 25,298
7 Other information
WHITS OF WALMER LTD is a private company limited by shares and incorporated in England. Its registered office is:
2 Martin House
London
W14 9NL
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