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REGISTERED NUMBER: 03272673 (England and Wales)


















UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 DECEMBER 2024

FOR

WHITTLE VALVE REPAIRS LIMITED

WHITTLE VALVE REPAIRS LIMITED (REGISTERED NUMBER: 03272673)






CONTENTS OF THE FINANCIAL STATEMENTS
for the Year Ended 31 December 2024




Page

Company Information 1

Statement of Financial Position 2

Notes to the Financial Statements 4


WHITTLE VALVE REPAIRS LIMITED

COMPANY INFORMATION
for the Year Ended 31 December 2024







DIRECTORS: P R Whittle
Mrs K Whittle





SECRETARY: Mrs K Whittle





REGISTERED OFFICE: Unit 3
Tower Enterprise Park
Great George Street
Wigan
Lancashire
WN3 4DP





REGISTERED NUMBER: 03272673 (England and Wales)





ACCOUNTANTS: Fairhurst Accountants Ltd
Chartered Accountants
Douglas Bank House
Wigan Lane
Wigan
Lancashire
WN1 2TB

WHITTLE VALVE REPAIRS LIMITED (REGISTERED NUMBER: 03272673)

STATEMENT OF FINANCIAL POSITION
31 December 2024

2024 2023
Notes £    £    £   
FIXED ASSETS
Tangible assets 5 209,619 143,011

CURRENT ASSETS
Stocks 344,956 300,823
Debtors 6 982,462 1,090,417
Cash at bank and in hand 513,288 447,338
1,840,706 1,838,578
CREDITORS
Amounts falling due within one year 7 299,754 293,136
NET CURRENT ASSETS 1,540,952 1,545,442
TOTAL ASSETS LESS CURRENT
LIABILITIES

1,750,571

1,688,453

PROVISIONS FOR LIABILITIES 52,112 35,308
NET ASSETS 1,698,459 1,653,145

CAPITAL AND RESERVES
Called up share capital 100 100
Retained earnings 1,698,359 1,653,045
SHAREHOLDERS' FUNDS 1,698,459 1,653,145

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 December 2024.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 December 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.

WHITTLE VALVE REPAIRS LIMITED (REGISTERED NUMBER: 03272673)

STATEMENT OF FINANCIAL POSITION - continued
31 December 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 17 June 2025 and were signed on its behalf by:





P R Whittle - Director


WHITTLE VALVE REPAIRS LIMITED (REGISTERED NUMBER: 03272673)

NOTES TO THE FINANCIAL STATEMENTS
for the Year Ended 31 December 2024

1. STATUTORY INFORMATION

Whittle Valve Repairs Limited is a private company, limited by shares , registered in England and Wales. The company's registered number and registered office address can be found on the Company Information page.

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


2. STATEMENT OF COMPLIANCE

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. There were no material departures from that standard.

3. ACCOUNTING POLICIES

Basis of preparing the financial statements
The financial statements have been prepared under the historical cost convention.

Turnover
Turnover represents the net invoiced value of goods sold, excluding value added tax.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off the cost less estimated residual value of each asset over its estimated useful life.
Long leasehold - 33% on cost
Plant and machinery - 25% on reducing balance
Fixtures and fittings - 25% on reducing balance
Motor vehicles - 25% on reducing balance
Computer equipment - 33% on reducing balance

Inventories
Stocks are valued at the lower of cost and net realisable value, after making due allowance for obsolete and slow moving items.

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 statement of financial position date.

Deferred tax
Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the statement of financial position 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
Rentals paid under operating leases are charged to profit or loss on a straight line basis over the period of the lease.

WHITTLE VALVE REPAIRS LIMITED (REGISTERED NUMBER: 03272673)

NOTES TO THE FINANCIAL STATEMENTS - continued
for the Year Ended 31 December 2024

3. ACCOUNTING POLICIES - continued

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.

4. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 19 (2023 - 18 ) .

5. TANGIBLE FIXED ASSETS
Fixtures
Long Plant and and
leasehold machinery fittings
£    £    £   
COST
At 1 January 2024 25,397 94,524 14,296
Additions - - 12,157
Disposals - - -
At 31 December 2024 25,397 94,524 26,453
DEPRECIATION
At 1 January 2024 23,618 72,233 14,271
Charge for year 606 6,279 2,539
Eliminated on disposal - - -
At 31 December 2024 24,224 78,512 16,810
NET BOOK VALUE
At 31 December 2024 1,173 16,012 9,643
At 31 December 2023 1,779 22,291 25

Motor Computer
vehicles equipment Totals
£    £    £   
COST
At 1 January 2024 170,099 14,924 319,240
Additions 99,239 - 111,396
Disposals (17,902 ) - (17,902 )
At 31 December 2024 251,436 14,924 412,734
DEPRECIATION
At 1 January 2024 54,061 12,046 176,229
Charge for year 31,560 950 41,934
Eliminated on disposal (15,048 ) - (15,048 )
At 31 December 2024 70,573 12,996 203,115
NET BOOK VALUE
At 31 December 2024 180,863 1,928 209,619
At 31 December 2023 116,038 2,878 143,011

WHITTLE VALVE REPAIRS LIMITED (REGISTERED NUMBER: 03272673)

NOTES TO THE FINANCIAL STATEMENTS - continued
for the Year Ended 31 December 2024

6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Trade debtors 560,173 661,196
Amounts owed by participating interests 408,001 408,001
Other debtors 14,288 21,220
982,462 1,090,417

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Trade creditors 62,705 50,646
Taxation and social security 216,699 229,952
Other creditors 20,350 12,538
299,754 293,136

8. ULTIMATE CONTROLLING PARTY

The ultimate controlling party is P R Whittle.