1 October 2023 v2025.37.2 limited_company_frs_102_section_1a_v1_1_2 companies_houseSoftwarefalsetruetruetrueNo description of principal activityfalsetruexbrli:purexbrli:sharesiso4217:GBP073701162023-10-012024-09-30073701162024-09-30073701162023-09-3007370116core:WithinOneYear2024-09-3007370116core:WithinOneYear2023-09-3007370116core:AfterOneYear2024-09-3007370116core:AfterOneYear2023-09-3007370116core:ShareCapital2024-09-3007370116core:ShareCapital2023-09-3007370116core:RetainedEarningsAccumulatedLosses2024-09-3007370116core:RetainedEarningsAccumulatedLosses2023-09-3007370116bus:Director12023-10-012024-09-3007370116bus:RegisteredOffice2023-10-012024-09-3007370116core:NetGoodwill2023-10-012024-09-3007370116core:MotorVehicles2023-10-012024-09-3007370116core:OfficeEquipment2023-10-012024-09-30073701162022-10-012023-09-3007370116core:NetGoodwill2024-09-3007370116core:NetGoodwill2023-10-0107370116core:NetGoodwill2023-09-3007370116core:PlantMachinery2023-10-0107370116core:PlantMachinery2023-10-012024-09-3007370116core:PlantMachinery2024-09-3007370116core:PlantMachinery2023-09-300737011612023-10-012024-09-3007370116countries:EnglandWales2023-10-012024-09-3007370116bus:AuditExemptWithAccountantsReport2023-10-012024-09-3007370116bus:PrivateLimitedCompanyLtd2023-10-012024-09-3007370116bus:SmallEntities2023-10-012024-09-3007370116bus:FullAccounts2023-10-012024-09-30
Company registration number:
07370116
Whites St. Albans Limited
Unaudited Filleted Financial Statements for the year ended
30 September 2024
Whites St. Albans Limited
Statement of Financial Position
30 September 2024
20242023
Note££
Fixed assets    
Intangible assets 5
20,000
 
25,000
 
Tangible assets 6
2,588,759
 
2,235,970
 
2,608,759
 
2,260,970
 
Current assets    
Debtors 7
359,940
 
239,628
 
Cash at bank and in hand
426,622
 
322,869
 
786,562
 
562,497
 
Creditors: amounts falling due within one year 8
(740,787
)
(448,088
)
Net current assets
45,775
 
114,409
 
Total assets less current liabilities 2,654,534   2,375,379  
Creditors: amounts falling due after more than one year 9
(470,201
)
(386,576
)
Provisions for liabilities
(640,373
)
(524,851
)
Net assets
1,543,960
 
1,463,952
 
Capital and reserves    
Called up share capital
100
 
100
 
Profit and loss account
1,543,860
 
1,463,852
 
Shareholders funds
1,543,960
 
1,463,952
 
For the year ending
30 September 2024
, the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.
Directors' responsibilities:
  • The members have not required the company to obtain an audit of its financial statements for the year in question in accordance with section 476;
  • The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of financial statements.
These
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.
These
financial statements
were approved by the board of directors and authorised for issue on
17 June 2025
, and are signed on behalf of the board by:
G White
Director
Company registration number:
07370116
Whites St. Albans Limited
Notes to the Financial Statements
Year ended
30 September 2024

1 General information

The company is a private company limited by shares and is registered in England and Wales. The address of the registered office is
6 Hillside Road
,
St. Albans
,
Hertfordshire
,
AL1 3QL
, United Kingdom.

2 Statement of compliance

These
financial statements
have been prepared in compliance with FRS 102 Section 1A, 'The Financial Reporting Standard applicable to the UK and Republic of Ireland'.

3 Accounting policies

Basis of preparation

The
financial statements
have been prepared on the historical cost basis.
The
financial statements
are prepared in sterling, which is the functional currency of the company.

Judgements and key sources of estimation uncertainty

In the application of the company's accounting policies, the directors are required to make judgements, estimates and assumptions about the carrying amount of assets and liabilities that are not readily apparent from other sources. The estimates and associated assumptions are based on historical experience and other factors that are considered to be relevant. Actual results may differ from these estimates.
The estimates and underlying assumptions are reviewed on an ongoing basis.

Turnover

Turnover is measured at the fair value of the consideration received or receivable for goods and services supplied, net of discounts and Value Added Tax.

Current tax

Current tax is recognised on taxable profit for the current and past periods. Current tax is measured at the amounts of tax expected to pay or recover using the tax rates and laws that have been enacted or substantively enacted at the reporting date.

Goodwill

Purchased goodwill arises on business acquisitions and represents the difference between the cost of acquisition and the fair values of the identifiable assets and liabilities acquired.
Goodwill is initially recorded at cost, and is subsequently stated at cost less any accumulated amortisation and accumulated impairment losses. It is amortised on a straight-line basis over the useful economic life of the asset. Where a reliable estimate of the useful life of goodwill cannot be made, the life is presumed not to exceed five years.

Tangible assets

Tangible assets are initially measured at cost, and are subsequently measured at cost less accumulated depreciation and any impairment losses.
Depreciation is calculated so as to write off the cost of an asset, less its estimated residual value, over the useful economic life of that asset as follows:
Motor vehicles
15% reducing balance
Office equipment
25% straight line

Impairment

A review for indicators of impairment is carried out at each reporting date, with the recoverable amount being estimated where such indicators exist. Where the carrying value exceeds the recoverable amount, the asset is impaired accordingly.

Finance leases and hire purchase contracts

Assets held under finance leases are recognised in the statement of financial position as assets and liabilities at the lower of the fair value of the assets and the present value of the minimum lease payments, which is determined at the inception of the lease term.
Lease payments are apportioned between the finance charges and reduction of the outstanding lease liability. Finance charges are allocated to each period so as to produce a constant rate of interest on the remaining balance of the liability.

Financial instruments

A financial asset or a financial liability is recognised only when the entity becomes a party to the contractual provisions of the instrument.
Basic financial instruments are initially recognised at the transaction price. Debt instruments are subsequently measured at amortised cost.

Deferred tax

Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the reporting date. Unrelieved tax losses and other deferred tax assets are recognised only to the extent that it is more likely than not that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits. Deferred tax is measured on an undiscounted basis at the tax rates that would apply in the periods in which timing differences are expected to reverse, based on tax rates and laws enacted at the statement of financial position date.

Provisions for liabilities

Provisions are recognised when the entity has an obligation at the reporting date as a result of a past event; it is probable that the entity will be required to transfer economic benefits in settlement and the amount of the obligation can be estimated reliably. Provisions are recognised as a liability in the statement of financial position and the amount of the provision as an expense.

Defined contribution pension plan

Contributions to defined contribution plans are recognised as an expense in the period in which the related service is provided.

4 Average number of employees

The average number of persons employed by the company during the year was
20
(2023:
21.00
).

5 Intangible assets

Goodwill
£
Cost  
At
1 October 2023
and
30 September 2024
250,000
 
Amortisation  
At
1 October 2023
225,000
 
Charge
5,000
 
At
30 September 2024
230,000
 
Carrying amount  
At
30 September 2024
20,000
 
At 30 September 2023
25,000
 

6 Tangible assets

Plant and machinery etc.
£
Cost  
At
1 October 2023
2,972,381
 
Additions
1,082,917
 
Disposals
(590,490
)
At
30 September 2024
3,464,808
 
Depreciation  
At
1 October 2023
736,411
 
Charge
349,762
 
Disposals
(210,124
)
At
30 September 2024
876,049
 
Carrying amount  
At
30 September 2024
2,588,759
 
At 30 September 2023
2,235,970
 

7 Debtors

20242023
££
Trade debtors
223,563
 
165,048
 
Other debtors
136,377
 
74,580
 
359,940
 
239,628
 

8 Creditors: amounts falling due within one year

20242023
££
Bank loans and overdrafts
10,020
 
9,950
 
Trade creditors
206,599
 
80,859
 
Taxation and social security
215,718
 
17,253
 
Other creditors
308,450
 
340,026
 
740,787
 
448,088
 

9 Creditors: amounts falling due after more than one year

20242023
££
Bank loans and overdrafts
10,813
 
20,881
 
Other creditors
459,388
 
365,695
 
470,201
 
386,576