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REGISTERED NUMBER: 00985200 (England and Wales)















Unaudited Financial Statements

for the Year Ended 31 January 2025

for

WhiteCross Ring Co. Limited

WhiteCross Ring Co. Limited (Registered number: 00985200)






Contents of the Financial Statements
for the Year Ended 31 January 2025




Page

Company Information 1

Statement of Financial Position 2

Notes to the Financial Statements 4

Chartered Accountants' Report 8

WhiteCross Ring Co. Limited

Company Information
for the Year Ended 31 January 2025







DIRECTORS: Mrs M E Vierod
Mrs W Horner
T E Horner





SECRETARY: Mrs W Horner





REGISTERED OFFICE: Battye Street
Laisterdyke
Bradford
West Yorkshire
BD4 8AG





REGISTERED NUMBER: 00985200 (England and Wales)





ACCOUNTANTS: Stirk Lambert & Co
Chartered Accountants
Russell Chambers
61a North Street
Keighley
BD21 3DS

WhiteCross Ring Co. Limited (Registered number: 00985200)

Statement of Financial Position
31 January 2025

31.1.25 31.1.24
Notes £    £   
FIXED ASSETS
Intangible assets 4 - -
Tangible assets 5 845,060 682,841
845,060 682,841

CURRENT ASSETS
Stocks 78,453 117,603
Debtors 6 401,904 372,681
Cash at bank and in hand 1,030,355 763,694
1,510,712 1,253,978
CREDITORS
Amounts falling due within one year 7 (609,699 ) (415,974 )
NET CURRENT ASSETS 901,013 838,004
TOTAL ASSETS LESS CURRENT
LIABILITIES

1,746,073

1,520,845

PROVISIONS FOR LIABILITIES 8 (135,029 ) (83,663 )
NET ASSETS 1,611,044 1,437,182

CAPITAL AND RESERVES
Called up share capital 250 250
Capital redemption reserve 50 50
Retained earnings 1,610,744 1,436,882
SHAREHOLDERS' FUNDS 1,611,044 1,437,182

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 January 2025.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 January 2025 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.

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 Statement of Income and Retained Earnings has not been delivered.

WhiteCross Ring Co. Limited (Registered number: 00985200)

Statement of Financial Position - continued
31 January 2025



The financial statements were approved by the Board of Directors and authorised for issue on 20 May 2025 and were signed on its behalf by:





Mrs W Horner - Director


WhiteCross Ring Co. Limited (Registered number: 00985200)

Notes to the Financial Statements
for the Year Ended 31 January 2025

1. STATUTORY INFORMATION

WhiteCross Ring Co. 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 financial statements are presented in sterling which is the functional currency of the company and rounded to the nearest £.

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.

Turnover
Turnover represents the amounts received or receivable for goods and services provided to customers, excluding VAT.

Goodwill
Goodwill, being the amount paid in connection with the acquisition of a business in 2011, is being amortised evenly over its estimated useful life of five years.

Intangible assets
Intangible assets are initially measured at cost. After initial recognition, intangible assets are measured at cost less any accumulated amortisation and any accumulated impairment losses.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Freehold property - 2% on cost
Plant and machinery - 25% on cost and 10% on cost
Fixtures fittings & equipment - 33% on cost and 20% on cost
Motor vehicles - 25% on reducing balance

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

Cost is calculated using the first-in, first-out method and includes all purchase, transport, and handling costs in bringing stocks to their present location and condition.

WhiteCross Ring Co. Limited (Registered number: 00985200)

Notes to the Financial Statements - continued
for the Year Ended 31 January 2025

2. ACCOUNTING POLICIES - continued

Financial instruments
Financial assets

Basic financial assets, including trade and other receivables, are initially recognised at transaction price, unless the arrangement constitutes a financing transaction, where the transaction is measured at the present value of the future receipts discounted at a market rate of interest for a similar asset. Such assets are subsequently carried at amortised cost using the effective interest method.

At the end of each reporting period financial assets measured at amortised cost are assessed for objective evidence of impairment. If an asset is impaired the impairment loss is the difference between the carrying amount and the present value of the estimated cash flows discounted at the asset's original effective interest rate. The impairment loss and any subsequent reversal is recognised in the profit and loss.

Financial assets are derecognised when (a) the contractual rights to the cash flows from the asset expire or are settled. or (b) substantially all the risks and rewards of the ownership of the asset are transferred to another party or (c) control of the asset has been transferred to another party who has the practical ability to unilaterally sell the asset to an unrelated party without imposing additional restrictions.

Financial liabilities

Basic financial liabilities, including trade and other payables and bank loans, are initially recognised at transaction price, unless the arrangement constitutes a financing transaction, where the debt instrument is measured at the present value of the future receipts discounted at a market rate of interest for a similar debt instrument.

Debt instruments are subsequently carried at amortised cost, using the effective interest rate method.

Financial liabilities are derecognised when the liability is extinguished, that is when the contractual obligation is discharged, cancelled or expires.

Taxation
Taxation for the year comprises current and deferred tax. Tax is recognised in the Statement of Income and Retained Earnings, 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.

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.

WhiteCross Ring Co. Limited (Registered number: 00985200)

Notes to the Financial Statements - continued
for the Year Ended 31 January 2025

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 27 (2024 - 26 ) .

4. INTANGIBLE FIXED ASSETS
Goodwill
£   
COST
At 1 February 2024
and 31 January 2025 47,996
AMORTISATION
At 1 February 2024
and 31 January 2025 47,996
NET BOOK VALUE
At 31 January 2025 -
At 31 January 2024 -

5. TANGIBLE FIXED ASSETS
Fixtures
Freehold Plant and fittings Motor
property machinery & equipment vehicles Totals
£    £    £    £    £   
COST
At 1 February 2024 436,965 1,049,557 57,745 40,685 1,584,952
Additions - 270,157 2,324 35,000 307,481
Disposals - - - (20,555 ) (20,555 )
At 31 January 2025 436,965 1,319,714 60,069 55,130 1,871,878
DEPRECIATION
At 1 February 2024 135,940 685,939 57,489 22,743 902,111
Charge for year 8,739 118,255 831 6,033 133,858
Eliminated on disposal - - - (9,151 ) (9,151 )
At 31 January 2025 144,679 804,194 58,320 19,625 1,026,818
NET BOOK VALUE
At 31 January 2025 292,286 515,520 1,749 35,505 845,060
At 31 January 2024 301,025 363,618 256 17,942 682,841

6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.1.25 31.1.24
£    £   
Trade debtors 387,809 359,510
Other debtors and prepayments 14,095 13,171
401,904 372,681

WhiteCross Ring Co. Limited (Registered number: 00985200)

Notes to the Financial Statements - continued
for the Year Ended 31 January 2025

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.1.25 31.1.24
£    £   
Trade creditors 459,454 227,051
Tax 76,633 78,870
Social security and other taxes 8,011 53,834
Other creditors and accruals 65,601 56,219
609,699 415,974

8. PROVISIONS FOR LIABILITIES
31.1.25 31.1.24
£    £   
Deferred tax 135,029 83,663

Deferred
tax
£   
Balance at 1 February 2024 83,663
Provided during year 51,366
Balance at 31 January 2025 135,029

9. PENSION COMMITMENTS

The company operates a defined contribution pension scheme on behalf of certain directors and employees. The total pension cost charged to the profit and loss account for the year was £66,572 (2024 - £65,030).

There were no outstanding or prepaid contributions either at the beginning or end of the financial year.

10. OTHER FINANCIAL COMMITMENTS

The company had total financial commitments at the balance sheet date of £10,377 (2024 - £18,679).

11. ULTIMATE CONTROLLING PARTY

Mrs M E Vierod is the ultimate controlling party by virtue of her shareholding.

Chartered Accountants' Report to the Board of Directors
on the Unaudited Financial Statements of
WhiteCross Ring Co. Limited

The following reproduces the text of the report prepared for the directors in respect of the company's annual unaudited financial statements. In accordance with the Companies Act 2006, the company is only required to file a Statement of Financial Position. Readers are cautioned that the Income Statement and certain other primary statements and the Report of the Directors are not required to be filed with the Registrar of Companies.

In order to assist you to fulfil your duties under the Companies Act 2006, we have prepared for your approval the financial statements of WhiteCross Ring Co. Limited for the year ended 31 January 2025 which comprise the Statement of Income and Retained Earnings, Statement of Financial Position and the related notes from the company's accounting records and from information and explanations you have given us.

As a practising member firm of the Institute of Chartered Accountants in England and Wales (ICAEW), we are subject to its ethical and other professional requirements which are detailed within the ICAEW's regulations and guidance at http://www.icaew.com/en/membership/regulations-standards-and-guidance.

This report is made solely to the Board of Directors of WhiteCross Ring Co. Limited, as a body, in accordance with our terms of engagement. Our work has been undertaken solely to prepare for your approval the financial statements of WhiteCross Ring Co. Limited and state those matters that we have agreed to state to the Board of Directors of WhiteCross Ring Co. Limited, as a body, in this report in accordance with ICAEW Technical Release 07/16AAF. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than WhiteCross Ring Co. Limited and its Board of Directors, as a body, for our work or for this report.

It is your duty to ensure that WhiteCross Ring Co. Limited has kept adequate accounting records and to prepare statutory financial statements that give a true and fair view of the assets, liabilities, financial position and profit of WhiteCross Ring Co. Limited. You consider that WhiteCross Ring Co. Limited is exempt from the statutory audit requirement for the year.

We have not been instructed to carry out an audit or a review of the financial statements of WhiteCross Ring Co. Limited. For this reason, we have not verified the accuracy or completeness of the accounting records or information and explanations you have given to us and we do not, therefore, express any opinion on the statutory financial statements.






Stirk Lambert & Co
Chartered Accountants
Russell Chambers
61a North Street
Keighley
BD21 3DS


20 May 2025