Company registration number 04788407 (England and Wales)
WITHYBED LIMITED
UNAUDITED FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 OCTOBER 2024
PAGES FOR FILING WITH REGISTRAR
WITHYBED LIMITED
COMPANY INFORMATION
Director
Mr A Bytom
Company number
04788407
Registered office
Coopers Hill Farm
Coopers Hill
Alvechurch
Birmingham
West Midlands
B48 7BX
Accountants
Ormerod Rutter Limited
The Oakley
Kidderminster Road
Droitwich
Worcestershire
WR9 9AY
Bankers
Lloyds Bank Plc
19 Church Green East
Redditch
Worcestershire
B98 8BZ
WITHYBED LIMITED
CONTENTS
Page
Accountants' report
1
Balance sheet
2
Notes to the financial statements
3 - 7
WITHYBED LIMITED
ACCOUNTANTS' REPORT TO THE DIRECTOR ON THE PREPARATION OF THE UNAUDITED STATUTORY FINANCIAL STATEMENTS OF WITHYBED LIMITED FOR THE YEAR ENDED 31 OCTOBER 2024
- 1 -

In order to assist you to fulfil your duties under the Companies Act 2006, we have prepared for your approval the financial statements of Withybed Limited for the year ended 31 October 2024 which comprise, the balance sheet 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 at https://www.icaew.com/regulation.

This report is made solely to the board of directors of Withybed 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 Withybed Limited and state those matters that we have agreed to state to the board of directors of Withybed Limited, as a body, in this report in accordance with ICAEW Technical Release 07/16 AAF. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than Withybed Limited and its board of directors as a body, for our work or for this report.

It is your duty to ensure that Withybed 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 Withybed Limited. You consider that Withybed 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 Withybed 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.

Ormerod Rutter Limited
21 May 2025
Chartered Accountants
The Oakley
Kidderminster Road
Droitwich
Worcestershire
WR9 9AY
WITHYBED LIMITED
BALANCE SHEET
AS AT 31 OCTOBER 2024
31 October 2024
- 2 -
2024
2023
Notes
£
£
£
£
Fixed assets
Tangible assets
4
108,149
98,898
Current assets
Stocks
4,356
6,132
Debtors
5
190,113
148,909
Cash at bank and in hand
68,108
71,940
262,577
226,981
Creditors: amounts falling due within one year
6
(85,808)
(44,793)
Net current assets
176,769
182,188
Total assets less current liabilities
284,918
281,086
Provisions for liabilities
7
(20,837)
(17,461)
Net assets
264,081
263,625
Capital and reserves
Called up share capital
8
200
200
Profit and loss reserves
263,881
263,425
Total equity
264,081
263,625

The director of the company has elected not to include a copy of the profit and loss account within the financial statements.true

For the financial year ended 31 October 2024 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

The director acknowledges his responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of financial statements.

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.

These financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime.

The financial statements were approved and signed by the director and authorised for issue on 21 May 2025
Mr A Bytom
Director
Company registration number 04788407 (England and Wales)
WITHYBED LIMITED
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 OCTOBER 2024
- 3 -
1
Accounting policies
Company information

Withybed Limited is a private company limited by shares incorporated in England and Wales. The registered office is Coopers Hill Farm, Coopers Hill, Alvechurch, Birmingham, West Midlands, B48 7BX.

1.1
Accounting convention

These financial statements have been prepared in accordance with FRS 102 “The Financial Reporting Standard applicable in the UK and Republic of Ireland” (“FRS 102”) and the requirements of the Companies Act 2006 as applicable to companies subject to the small companies regime. The disclosure requirements of section 1A of FRS 102 have been applied other than where additional disclosure is required to show a true and fair view.

The financial statements have been prepared under the historical cost convention, modified to include the revaluation of freehold properties and to include investment properties and certain financial instruments at fair value. The principal accounting policies adopted are set out below.

1.2
Turnover

Turnover is recognised at the fair value of the consideration received or receivable for goods and services provided in the normal course of business, and is shown net of VAT.

Revenue from the sale of goods is recognised when the significant risks and rewards of ownership of the goods have passed to the buyer (usually on dispatch of the goods), the amount of revenue can be measured reliably, it is probable that the economic benefits associated with the transaction will flow to the entity and the costs incurred or to be incurred in respect of the transaction can be measured reliably.

Revenue from the provision of services is recognised by reference to the stage of completion, when the costs incurred and costs to complete can be estimated reliably.

1.3
Intangible fixed assets - goodwill

Goodwill represents the excess of the cost of acquisition of unincorporated businesses over the fair value of net assets acquired. It is initially recognised as an asset at cost and is subsequently measured at cost less accumulated amortisation and accumulated impairment losses. Goodwill is considered to have a finite useful life and has been amortised on a systematic basis over its expected life.

1.4
Tangible fixed assets

Tangible fixed assets are initially measured at cost and subsequently measured at cost or valuation, net of depreciation and any impairment losses.

Depreciation is recognised so as to write off the cost or valuation of assets less their residual values over their useful lives on the following bases:

Leasehold property
Nil
Improvements to property
2% on cost
Plant and machinery
15% on reducing balance
Fixtures and fittings
15% on reducing balance
Computer equipment
25% on cost

The gain or loss arising on the disposal of an asset is determined as the difference between the sale proceeds and the carrying value of the asset, and is credited or charged to profit or loss.

WITHYBED LIMITED
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 31 OCTOBER 2024
1
Accounting policies
(Continued)
- 4 -

No depreciation is provided on leasehold properties. This treatment may be a departure from the requirements of the Companies Act 2006 concerning depreciation of fixed assets, however, the company follows a program of regular refurbishment and maintenance of its properties which includes the reinstatement of the fabric of the buildings where necessary in order to maintain them to a high standard. Accordingly in the opinion of the director any element of depreciation would be immaterial and no provision has been made, as the residual value would be in excess of cost.

1.5
Stocks

Stocks are stated at the lower of cost and estimated selling price less costs to complete and sell. 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.

 

Stocks held for distribution at no or nominal consideration are measured at the lower of cost and replacement cost, adjusted where applicable for any loss of service potential.

At each reporting date, an assessment is made for impairment. Any excess of the carrying amount of stocks over its estimated selling price less costs to complete and sell is recognised as an impairment loss in profit or loss. Reversals of impairment losses are also recognised in profit or loss.

1.6
Taxation

The tax expense represents the sum of the tax currently payable and deferred tax.

Current tax

The tax currently payable is based on taxable profit for the year. Taxable profit differs from net profit as reported in the profit and loss account because it excludes items of income or expense that are taxable or deductible in other years and it further excludes items that are never taxable or deductible. The company’s liability for current tax is calculated using tax rates that have been enacted or substantively enacted by the reporting end date.

Deferred tax

Deferred tax liabilities are generally recognised for all timing differences and deferred tax assets are recognised to the extent that it is probable that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits. Such assets and liabilities are not recognised if the timing difference arises from goodwill or from the initial recognition of other assets and liabilities in a transaction that affects neither the tax profit nor the accounting profit.

 

The carrying amount of deferred tax assets is reviewed at each reporting end date and reduced to the extent that it is no longer probable that sufficient taxable profits will be available to allow all or part of the asset to be recovered. Deferred tax is calculated at the tax rates that are expected to apply in the period when the liability is settled or the asset is realised. Deferred tax is charged or credited in the profit and loss account, except when it relates to items charged or credited directly to equity, in which case the deferred tax is also dealt with in equity. Deferred tax assets and liabilities are offset when the company has a legally enforceable right to offset current tax assets and liabilities and the deferred tax assets and liabilities relate to taxes levied by the same tax authority.

1.7
Employee benefits

The cost of any unused holiday entitlement is recognised in the period in which the employee’s services are received.

1.8
Retirement benefits

Payments to defined contribution retirement benefit schemes are charged as an expense as they fall due.

WITHYBED LIMITED
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 31 OCTOBER 2024
1
Accounting policies
(Continued)
- 5 -
1.9
Leases

Rentals payable under operating leases, including any lease incentives received, are charged to profit or loss on a straight line basis over the term of the relevant lease except where another more systematic basis is more representative of the time pattern in which economic benefits from the leases asset are consumed.

1.10
Government grants

Government grants are recognised at the fair value of the asset received or receivable when there is reasonable assurance that the grant conditions will be met and the grants will be received.

 

A grant that specifies performance conditions is recognised in income when the performance conditions are met. Where a grant does not specify performance conditions it is recognised in income when the proceeds are received or receivable. A grant received before the recognition criteria are satisfied is recognised as a liability.

2
Employees

The average monthly number of persons (including directors) employed by the company during the year was:

2024
2023
Number
Number
Total
8
8
3
Intangible fixed assets
Goodwill
£
Cost
At 1 November 2023 and 31 October 2024
30,000
Amortisation and impairment
At 1 November 2023 and 31 October 2024
30,000
Carrying amount
At 31 October 2024
-
0
At 31 October 2023
-
0
WITHYBED LIMITED
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 31 OCTOBER 2024
- 6 -
4
Tangible fixed assets
Leasehold property
Improvements to property
Plant and machinery
Fixtures and fittings
Computer equipment
Total
£
£
£
£
£
£
Cost
At 1 November 2023
4,375
6,891
182,874
7,445
3,704
205,289
Additions
-
0
18,028
4,744
-
0
1,520
24,292
Disposals
-
0
-
0
(1,025)
-
0
-
0
(1,025)
At 31 October 2024
4,375
24,919
186,593
7,445
5,224
228,556
Depreciation and impairment
At 1 November 2023
-
0
137
98,081
5,586
2,587
106,391
Depreciation charged in the year
-
0
167
13,373
279
835
14,654
Eliminated in respect of disposals
-
0
-
0
(638)
-
0
-
0
(638)
At 31 October 2024
-
0
304
110,816
5,865
3,422
120,407
Carrying amount
At 31 October 2024
4,375
24,615
75,777
1,580
1,802
108,149
At 31 October 2023
4,375
6,754
84,793
1,859
1,117
98,898
5
Debtors
2024
2023
Amounts falling due within one year:
£
£
Trade debtors
171,596
124,009
Other debtors
18,517
24,900
190,113
148,909
6
Creditors: amounts falling due within one year
2024
2023
£
£
Trade creditors
40,593
20,188
Taxation and social security
40,700
19,923
Other creditors
4,515
4,682
85,808
44,793
WITHYBED LIMITED
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 31 OCTOBER 2024
- 7 -
7
Provisions for liabilities
2024
2023
£
£
Deferred tax liabilities
20,837
17,461
8
Called up share capital
2024
2023
2024
2023
Ordinary share capital
Number
Number
£
£
Issued and fully paid
Ordinary A of £1 each
100
100
100
100
Ordinary B of £1 each
100
100
100
100
200
200
200
200
9
Directors' transactions

Advances or credits have been granted by the company to its directors as follows:

Description
% Rate
Opening balance
Amounts advanced
Amounts repaid
Closing balance
£
£
£
£
Loan account
-
9,655
31,617
(38,000)
3,272
9,655
31,617
(38,000)
3,272

The director's loan account was repaid within nine months of the year end.

10
Ultimate controlling party

The ultimate controlling party is Mr A Bytom.

2024-10-312023-11-01falsefalsefalse21 May 2025CCH SoftwareCCH Accounts Production 2025.100No description of principal activityMr A Bytom047884072023-11-012024-10-3104788407bus:Director12023-11-012024-10-3104788407bus:RegisteredOffice2023-11-012024-10-3104788407bus:Agent12023-11-012024-10-31047884072024-10-31047884072023-10-3104788407core:LandBuildingscore:LeasedAssetsHeldAsLessee2024-10-3104788407core:LeaseholdImprovements2024-10-3104788407core:PlantMachinery2024-10-3104788407core:FurnitureFittings2024-10-3104788407core:ComputerEquipment2024-10-3104788407core:LandBuildingscore:LeasedAssetsHeldAsLessee2023-10-3104788407core:LeaseholdImprovements2023-10-3104788407core:PlantMachinery2023-10-3104788407core:FurnitureFittings2023-10-3104788407core:ComputerEquipment2023-10-3104788407core:CurrentFinancialInstrumentscore:WithinOneYear2024-10-3104788407core:CurrentFinancialInstrumentscore:WithinOneYear2023-10-3104788407core:CurrentFinancialInstruments2024-10-3104788407core:CurrentFinancialInstruments2023-10-3104788407core:ShareCapital2024-10-3104788407core:ShareCapital2023-10-3104788407core:RetainedEarningsAccumulatedLosses2024-10-3104788407core:RetainedEarningsAccumulatedLosses2023-10-3104788407core:ShareCapitalOrdinaryShareClass12024-10-3104788407core:ShareCapitalOrdinaryShareClass12023-10-3104788407core:ShareCapitalOrdinaryShareClass22024-10-3104788407core:ShareCapitalOrdinaryShareClass22023-10-3104788407core:ShareCapitalOrdinaryShares2024-10-3104788407core:ShareCapitalOrdinaryShares2023-10-3104788407core:Goodwill2023-11-012024-10-3104788407core:LandBuildingscore:LongLeaseholdAssets2023-11-012024-10-3104788407core:LeaseholdImprovements2023-11-012024-10-3104788407core:PlantMachinery2023-11-012024-10-3104788407core:FurnitureFittings2023-11-012024-10-3104788407core:ComputerEquipment2023-11-012024-10-31047884072022-11-012023-10-3104788407core:NetGoodwill2023-10-3104788407core:NetGoodwill2024-10-3104788407core:NetGoodwill2023-10-3104788407core:LandBuildingscore:LeasedAssetsHeldAsLessee2023-10-3104788407core:LeaseholdImprovements2023-10-3104788407core:PlantMachinery2023-10-3104788407core:FurnitureFittings2023-10-3104788407core:ComputerEquipment2023-10-31047884072023-10-3104788407core:LandBuildingscore:LeasedAssetsHeldAsLessee2023-11-012024-10-3104788407core:WithinOneYear2024-10-3104788407core:WithinOneYear2023-10-3104788407bus:OrdinaryShareClass12023-11-012024-10-3104788407bus:OrdinaryShareClass22023-11-012024-10-3104788407bus:OrdinaryShareClass12024-10-3104788407bus:OrdinaryShareClass12023-10-3104788407bus:OrdinaryShareClass22024-10-3104788407bus:OrdinaryShareClass22023-10-3104788407bus:AllOrdinaryShares2024-10-3104788407bus:AllOrdinaryShares2023-10-3104788407bus:PrivateLimitedCompanyLtd2023-11-012024-10-3104788407bus:FRS1022023-11-012024-10-3104788407bus:AuditExemptWithAccountantsReport2023-11-012024-10-3104788407bus:SmallCompaniesRegimeForAccounts2023-11-012024-10-3104788407bus:FullAccounts2023-11-012024-10-31xbrli:purexbrli:sharesiso4217:GBP