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REGISTERED NUMBER: 04485649 (England and Wales)















UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 29 SEPTEMBER 2024

FOR

WITHERNAY LIMITED

WITHERNAY LIMITED (REGISTERED NUMBER: 04485649)

CONTENTS OF THE FINANCIAL STATEMENTS
for the Year Ended 29 September 2024










Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


WITHERNAY LIMITED

COMPANY INFORMATION
for the Year Ended 29 September 2024







DIRECTORS: Mrs H Headley
A W Headley





REGISTERED OFFICE: Beckside Court
Annie Reed Road
Beverley
HU17 0LF





REGISTERED NUMBER: 04485649 (England and Wales)





ACCOUNTANTS: Sowerby
Chartered Accountants
Beckside Court
Annie Reed Road
Beverley
East Yorkshire
HU17 0LF

WITHERNAY LIMITED (REGISTERED NUMBER: 04485649)

BALANCE SHEET
29 September 2024

2024 2023
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 206,538 184,994

CURRENT ASSETS
Stocks 513,993 446,062
Debtors 5 290,720 286,882
Cash at bank and in hand 301,246 146,834
1,105,959 879,778
CREDITORS
Amounts falling due within one year 6 476,048 293,809
NET CURRENT ASSETS 629,911 585,969
TOTAL ASSETS LESS CURRENT
LIABILITIES

836,449

770,963

CREDITORS
Amounts falling due after more than one year 7 - (32,246 )

PROVISIONS FOR LIABILITIES (45,843 ) (31,271 )
NET ASSETS 790,606 707,446

CAPITAL AND RESERVES
Called up share capital 15,000 15,000
Retained earnings 775,606 692,446
SHAREHOLDERS' FUNDS 790,606 707,446

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 29 September 2024.

The members have not required the company to obtain an audit of its financial statements for the year ended 29 September 2024 in accordance with Section 476 of the Companies Act 2006.

The directors acknowledge their responsibilities for:
(a)ensuring that the company keeps accounting records which comply with Sections 386 and 387 of the Companies Act 2006 and
(b)preparing financial statements which give a true and fair view of the state of affairs of the company as at the end of each financial year and of its profit or loss for each financial year in accordance with the requirements of Sections 394 and 395 and which otherwise comply with the requirements of the Companies Act 2006 relating to financial statements, so far as applicable to the company.

WITHERNAY LIMITED (REGISTERED NUMBER: 04485649)

BALANCE SHEET - continued
29 September 2024


The 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.

The financial statements were approved by the Board of Directors and authorised for issue on 27 March 2025 and were signed on its behalf by:





Mrs H Headley - Director


WITHERNAY LIMITED (REGISTERED NUMBER: 04485649)

NOTES TO THE FINANCIAL STATEMENTS
for the Year Ended 29 September 2024


1. STATUTORY INFORMATION

Withernay Limited is a private company, limited by shares and incorporated and domiciled in England. It has its registered office at Beckside Court, Annie Reed Road, Beverley, East Yorkshire, HU17 0LF. The principal place of business is at Unit 3, Seaton Ross, York, East Yorkshire, YO42 4NF.

The company's principal activity is manufacturer of animal feed stuffs & additives.

The presentational currency of the financial statements is Pound Sterling (£).

2. ACCOUNTING POLICIES

Basis of preparing the financial statements
These financial statements have been prepared in accordance with Financial Reporting Standard 102 "The Financial Reporting Standard applicable in the UK and Republic of Ireland" including the provisions of Section 1A "Small Entities" and the Companies Act 2006. The financial statements have been prepared under the historical cost convention.

Having regard to liquidity risk, current market conditions and other factors affecting the company, the use of the going concern basis of accounting is appropriate as, in the opinion of the directors, there are no material uncertainties related to events or conditions that may cast significant doubt about the ability of the company to continue as a going concern.

The directors, having taken into the factors discussed above as well as the uncertainties of the current economic environment, have a reasonable expectation that the company has adequate resources to continue in operational existence for the foreseeable future.

Turnover
Turnover is the amount derived from ordinary activities, measured at the fair value of the consideration received or receivable. Turnover excludes value added tax and trade discounts.

Turnover from the sale of goods is recognised at the point of sale.

All sales are recognised at the point which the company has fulfilled its contractual obligations and the risks and rewards attached to the product, have been transferred to the customer.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life or, if held under a finance lease, over the lease term, whichever is the shorter.
Plant and machinery - 20% on reducing balance
Fixtures and fittings - 20% on reducing balance
Motor vehicles - 20% on reducing balance
Computer equipment - 20% on reducing balance

Stocks
Stocks are stated at the lower of cost and estimated selling price less costs to complete and sell, after making, due allowance for obsolete and slow moving items. Cost comprises direct materials and, where applicable, direct labour costs and those overheads that have been incurred in bringing the stocks to their present location and condition. Stock is calculated on the first in first out basis.


WITHERNAY LIMITED (REGISTERED NUMBER: 04485649)

NOTES TO THE FINANCIAL STATEMENTS - continued
for the Year Ended 29 September 2024


2. ACCOUNTING POLICIES - continued
Taxation
Taxation for the year comprises current and deferred tax. Tax is recognised in the Income Statement, except to the extent that it relates to items recognised in other comprehensive income or directly in equity.

Current or deferred taxation assets and liabilities are not discounted.

Current tax is recognised at the amount of tax payable using the tax rates and laws that have been enacted or substantively enacted by the balance sheet date.

Taxation
Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the balance sheet date.

Timing differences arise from the inclusion of income and expenses in tax assessments in periods different from those in which they are recognised in financial statements. Deferred tax is measured using tax rates and laws that have been enacted or substantively enacted by the year end and that are expected to apply to the reversal of the timing difference.

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.

Hire purchase and leasing commitments
Assets obtained under hire purchase contracts or finance leases are capitalised in the balance sheet. Those held under hire purchase contracts are depreciated over their estimated useful lives. Those held under finance leases are depreciated over their estimated useful lives or the lease term, whichever is the shorter.

The interest element of these obligations is charged to profit or loss over the relevant period. The capital element of the future payments is treated as a liability.

Rentals paid under operating leases are charged to profit or loss on a straight line basis over the period of the lease.

Pension costs and other post-retirement benefits
The company operates a defined contribution pension scheme. Contributions payable to the company's pension scheme are charged to profit or loss in the period to which they relate.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 9 (2023 - 9 ) .

WITHERNAY LIMITED (REGISTERED NUMBER: 04485649)

NOTES TO THE FINANCIAL STATEMENTS - continued
for the Year Ended 29 September 2024


4. TANGIBLE FIXED ASSETS
Fixtures
Plant and and Motor Computer
machinery fittings vehicles equipment Totals
£    £    £    £    £   
COST
At 30 September 2023 550,128 8,817 37,748 22,270 618,963
Additions 46,150 10,125 12,000 1,000 69,275
Disposals - - (19,000 ) - (19,000 )
At 29 September 2024 596,278 18,942 30,748 23,270 669,238
DEPRECIATION
At 30 September 2023 391,244 4,095 22,517 16,113 433,969
Charge for year 32,285 2,015 3,533 1,581 39,414
Eliminated on disposal - - (10,683 ) - (10,683 )
At 29 September 2024 423,529 6,110 15,367 17,694 462,700
NET BOOK VALUE
At 29 September 2024 172,749 12,832 15,381 5,576 206,538
At 29 September 2023 158,884 4,722 15,231 6,157 184,994

Fixed assets, included in the above, which are held under hire purchase contracts are as follows:
Plant and
machinery
£   
COST
At 30 September 2023
and 29 September 2024 25,500
DEPRECIATION
Charge for year 8,160
At 29 September 2024 8,160
NET BOOK VALUE
At 29 September 2024 17,340
At 29 September 2023 25,500

WITHERNAY LIMITED (REGISTERED NUMBER: 04485649)

NOTES TO THE FINANCIAL STATEMENTS - continued
for the Year Ended 29 September 2024


5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Trade debtors 260,042 281,450
Other debtors 30,678 5,432
290,720 286,882

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Bank loans and overdrafts 32,246 30,677
Hire purchase contracts (see note 8) 5,047 17,159
Trade creditors 371,276 209,281
Taxation and social security 45,660 (3,063 )
Other creditors 21,819 39,755
476,048 293,809

7. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR
2024 2023
£    £   
Bank loans - 32,246

8. LEASING AGREEMENTS

Minimum lease payments under hire purchase fall due as follows:

2024 2023
£    £   
Net obligations repayable:
Within one year 5,047 17,159

WITHERNAY LIMITED (REGISTERED NUMBER: 04485649)

NOTES TO THE FINANCIAL STATEMENTS - continued
for the Year Ended 29 September 2024


9. DIRECTORS' ADVANCES, CREDITS AND GUARANTEES

The following advances and credits to a director subsisted during the years ended 29 September 2024 and 29 September 2023:

2024 2023
£    £   
Mrs H Headley
Balance outstanding at start of year (121 ) (22,209 )
Amounts advanced 15,021 65,953
Amounts repaid (15,000 ) (43,865 )
Amounts written off - -
Amounts waived - -
Balance outstanding at end of year (100 ) (121 )