Caseware UK (AP4) 2024.0.164 2024.0.164 2024-09-302024-09-30The members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.2023-10-01falsefalsecarpentry and joinery services11truetrue 03874035 2023-10-01 2024-09-30 03874035 2022-10-01 2023-09-30 03874035 2024-09-30 03874035 2023-09-30 03874035 c:CompanySecretary1 2023-10-01 2024-09-30 03874035 c:Director1 2023-10-01 2024-09-30 03874035 c:RegisteredOffice 2023-10-01 2024-09-30 03874035 d:Buildings 2023-10-01 2024-09-30 03874035 d:Buildings 2024-09-30 03874035 d:Buildings 2023-09-30 03874035 d:Buildings d:OwnedOrFreeholdAssets 2023-10-01 2024-09-30 03874035 d:PlantMachinery 2023-10-01 2024-09-30 03874035 d:PlantMachinery 2024-09-30 03874035 d:PlantMachinery 2023-09-30 03874035 d:PlantMachinery d:OwnedOrFreeholdAssets 2023-10-01 2024-09-30 03874035 d:MotorVehicles 2023-10-01 2024-09-30 03874035 d:MotorVehicles 2024-09-30 03874035 d:MotorVehicles 2023-09-30 03874035 d:MotorVehicles d:OwnedOrFreeholdAssets 2023-10-01 2024-09-30 03874035 d:OfficeEquipment 2023-10-01 2024-09-30 03874035 d:OfficeEquipment 2024-09-30 03874035 d:OfficeEquipment 2023-09-30 03874035 d:OfficeEquipment d:OwnedOrFreeholdAssets 2023-10-01 2024-09-30 03874035 d:OwnedOrFreeholdAssets 2023-10-01 2024-09-30 03874035 d:CurrentFinancialInstruments 2024-09-30 03874035 d:CurrentFinancialInstruments 2023-09-30 03874035 d:Non-currentFinancialInstruments 2024-09-30 03874035 d:Non-currentFinancialInstruments 2023-09-30 03874035 d:CurrentFinancialInstruments d:WithinOneYear 2024-09-30 03874035 d:CurrentFinancialInstruments d:WithinOneYear 2023-09-30 03874035 d:Non-currentFinancialInstruments d:AfterOneYear 2024-09-30 03874035 d:Non-currentFinancialInstruments d:AfterOneYear 2023-09-30 03874035 d:Non-currentFinancialInstruments d:BetweenOneTwoYears 2024-09-30 03874035 d:Non-currentFinancialInstruments d:BetweenOneTwoYears 2023-09-30 03874035 d:Non-currentFinancialInstruments d:BetweenTwoFiveYears 2024-09-30 03874035 d:Non-currentFinancialInstruments d:BetweenTwoFiveYears 2023-09-30 03874035 d:ShareCapital 2024-09-30 03874035 d:ShareCapital 2023-09-30 03874035 d:RetainedEarningsAccumulatedLosses 2024-09-30 03874035 d:RetainedEarningsAccumulatedLosses 2023-09-30 03874035 d:FinancialAssetsDesignatedFairValueThroughProfitOrLoss 2024-09-30 03874035 d:FinancialAssetsDesignatedFairValueThroughProfitOrLoss 2023-09-30 03874035 c:OrdinaryShareClass1 2023-10-01 2024-09-30 03874035 c:OrdinaryShareClass1 2024-09-30 03874035 c:OrdinaryShareClass1 2023-09-30 03874035 c:FRS102 2023-10-01 2024-09-30 03874035 c:AuditExemptWithAccountantsReport 2023-10-01 2024-09-30 03874035 c:FullAccounts 2023-10-01 2024-09-30 03874035 c:PrivateLimitedCompanyLtd 2023-10-01 2024-09-30 03874035 d:AcceleratedTaxDepreciationDeferredTax 2024-09-30 03874035 d:AcceleratedTaxDepreciationDeferredTax 2023-09-30 03874035 2 2023-10-01 2024-09-30 03874035 e:PoundSterling 2023-10-01 2024-09-30 xbrli:shares iso4217:GBP xbrli:pure

Registered number: 03874035










WHITWELL JOINERY LIMITED








UNAUDITED

FINANCIAL STATEMENTS

INFORMATION FOR FILING WITH THE REGISTRAR

FOR THE YEAR ENDED 30 SEPTEMBER 2024

 
WHITWELL JOINERY LIMITED
 
 
COMPANY INFORMATION


Director
James Young Loudon 




Company secretary
James Young Loudon



Registered number
03874035



Registered office
12 Church Street

Cromer

Norfolk

NR27 9ER




Accountants
MA Partners LLP
Chartered Accountants

12 Church Street

Cromer

Norfolk

NR27 9ER





 
WHITWELL JOINERY LIMITED
 

CONTENTS



Page
Accountants' report
 
1
Balance sheet
 
2 - 3
Notes to the financial statements
 
4 - 11


 
WHITWELL JOINERY LIMITED
 
 
  
CHARTERED ACCOUNTANTS' REPORT TO THE DIRECTOR ON THE PREPARATION OF THE UNAUDITED STATUTORY FINANCIAL STATEMENTS OF WHITWELL JOINERY LIMITED
FOR THE YEAR ENDED 30 SEPTEMBER 2024

In order to assist you to fulfil your duties under the Companies Act 2006, we have prepared for your approval the financial statements of Whitwell Joinery Limited for the year ended 30 September 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 director of Whitwell Joinery Limited in accordance with the terms of our engagement letter. Our work has been undertaken solely to prepare for your approval the financial statements of Whitwell Joinery Limited and state those matters that we have agreed to state to the director of Whitwell Joinery Limited in this report in accordance with ICAEW Technical Release TECH07/16AAF. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than Whitwell Joinery Limited and its director for our work or for this report. 

It is your duty to ensure that Whitwell Joinery 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 Whitwell Joinery Limited. You consider that Whitwell Joinery Limited is exempt from the statutory audit requirement for the year.

We have not been instructed to carry out an audit or review of the financial statements of Whitwell Joinery 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.

  



MA Partners LLP
 
Chartered Accountants
  
12 Church Street
Cromer
Norfolk
NR27 9ER
25 June 2025
Page 1

 
WHITWELL JOINERY LIMITED
REGISTERED NUMBER: 03874035

BALANCE SHEET
AS AT 30 SEPTEMBER 2024

2024
2023
Note
£
£

Fixed assets
  

Tangible assets
 4 
5,455
6,834

  
5,455
6,834

Current assets
  

Stocks
  
2,250
2,350

Debtors: amounts falling due within one year
 5 
12,609
9,257

Cash at bank and in hand
  
1,876
6,419

  
16,735
18,026

Creditors: amounts falling due within one year
 6 
(19,352)
(18,095)

Net current liabilities
  
 
 
(2,617)
 
 
(69)

Total assets less current liabilities
  
2,838
6,765

Creditors: amounts falling due after more than one year
 7 
(1,960)
(5,847)

Provisions for liabilities
  

Deferred tax
 10 
(385)
(646)

  
 
 
(385)
 
 
(646)

Net assets
  
493
272


Capital and reserves
  

Called up share capital 
 11 
100
100

Profit and loss account
  
393
172

  
493
272


Page 2

 
WHITWELL JOINERY LIMITED
REGISTERED NUMBER: 03874035
    
BALANCE SHEET (CONTINUED)
AS AT 30 SEPTEMBER 2024

The director considers that the Company is entitled to exemption from audit under section 477 of the Companies Act 2006 and members have not required the Company to obtain an audit for the year in question in accordance with section 476 of the Companies Act 2006.

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 financial statements have been prepared in accordance with the provisions applicable to companies subject to the small companies regime and in accordance with the provisions of FRS 102 Section 1A - small entities.

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

The Company has opted not to file the profit and loss account in accordance with provisions applicable to companies subject to the small companies' regime.

The financial statements were approved and authorised for issue by the board and were signed on its behalf on 25 June 2025.




James Young Loudon
Director

The notes on pages 4 to 11 form part of these financial statements.

Page 3

 
WHITWELL JOINERY LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 SEPTEMBER 2024

1.


General information

The Company is a private company limited by shares.  It is both incorporated and domiciled in England and Wales.  The address of its registered office is 12 Church Street, Cromer, Norfolk, NR27 9ER.
The company's principal activity is that of carpentry and joinery services. 

2.Accounting policies

 
2.1

Basis of preparation of financial statements

The financial statements have been prepared under the historical cost convention unless otherwise specified within these accounting policies and in accordance with FRS 102 'The Financial Reporting Standard applicable in the UK and the Republic of Ireland' and the requirements of the Companies Act 2006. 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 following principal accounting policies have been applied:

 
2.2

Turnover

Turnover is recognised to the extent that it is probable that the economic benefits will flow to the Company and the turnover can be reliably measured. Turnover is measured as the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes. The following criteria must also be met before turnover is recognised:

Rendering of services
Turnoved is comprised from a contract to provide carpentery and joinery services.  Turnover is recognised in the period in which the services are provided in accordance with the stage of completion of the contract when all of the following conditions are satisfied:
• the amount of revenue can be measured reliably;
• it is probable that the Company will receive the consideration due under the contract;
• the stage of completion of the contract at the end of the reporting period can be measured reliably; and
• the costs incurred and the costs to complete the contract can be measured reliably.

 
2.3

Interest income

Interest income is recognised in profit or loss using the effective interest method.

 
2.4

Finance costs

Finance costs are charged to profit or loss over the term of the debt using the effective interest method so that the amount charged is at a constant rate on the carrying amount. Issue costs are initially recognised as a reduction in the proceeds of the associated capital instrument.

 
2.5

Borrowing costs

All borrowing costs are recognised in profit or loss in the year in which they are incurred.

Page 4

 
WHITWELL JOINERY LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 SEPTEMBER 2024

2.Accounting policies (continued)

 
2.6

Current and deferred taxation

The tax expense for the year comprises current and deferred tax. Tax is recognised in profit or loss except that a charge attributable to an item of income and expense recognised as other comprehensive income or to an item recognised directly in equity is also recognised in other comprehensive income or directly in equity respectively.

The current income tax charge is calculated on the basis of tax rates and laws that have been enacted or substantively enacted by the balance sheet date in the countries where the Company operates and generates income.

Deferred tax balances are recognised in respect of all timing differences that have originated but not reversed by the balance sheet date, except that:
The recognition of deferred tax assets is limited to the extent that it is probable that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits; and
Any deferred tax balances are reversed if and when all conditions for retaining associated tax allowances have been met.

Deferred tax balances are not recognised in respect of permanent differences except in respect of business combinations, when deferred tax is recognised on the differences between the fair values of assets acquired and the future tax deductions available for them and the differences between the fair values of liabilities acquired and the amount that will be assessed for tax. Deferred tax is determined using tax rates and laws that have been enacted or substantively enacted by the balance sheet date.


 
2.7

Tangible fixed assets

Tangible fixed assets under the cost model are stated at historical cost less accumulated depreciation and any accumulated impairment losses. Historical cost includes expenditure that is directly attributable to bringing the asset to the location and condition necessary for it to be capable of operating in the manner intended by management.

Depreciation is charged so as to allocate the cost of assets less their residual value over their estimated useful lives, on a reducing balance basis.

Depreciation is provided on the following basis:

Freehold property
-
Not depreciated
Plant and machinery
-
25%
reducing balance
Motor vehicles
-
25%
reducing balance
Office equipment
-
25%
reducing balance

The assets' residual values, useful lives and depreciation methods are reviewed, and adjusted prospectively if appropriate, or if there is an indication of a significant change since the last reporting date.

Gains and losses on disposals are determined by comparing the proceeds with the carrying amount and are recognised in profit or loss.

Page 5

 
WHITWELL JOINERY LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 SEPTEMBER 2024

2.Accounting policies (continued)

 
2.8

Stocks

Stocks are valued at the lower of cost and net realisable value after making due allowance for obsolete and slow-moving stocks.  Cost includes all direct costs and an appropriate proportion of fixed and variable overheads.

 
2.9

Debtors

Short-term debtors are measured at transaction price, less any impairment. Loans receivable are measured initially at fair value, net of transaction costs, and are measured subsequently at amortised cost using the effective interest method, less any impairment.

 
2.10

Cash and cash equivalents

Cash is represented by cash in hand and deposits with financial institutions repayable without penalty on notice of not more than 24 hours. Cash equivalents are highly liquid investments that mature in no more than three months from the date of acquisition and that are readily convertible to known amounts of cash with insignificant risk of change in value.

 
2.11

Creditors

Short-term creditors are measured at the transaction price. Other financial liabilities, including bank loans, are measured initially at fair value, net of transaction costs, and are measured subsequently at amortised cost using the effective interest method.

 
2.12

Provisions for liabilities

Provisions are recognised when an event has taken place that gives rise to a legal or constructive obligation, a transfer of economic benefits is probable and a reliable estimate can be made.
Provisions are measured as the best estimate of the amount required to settle the obligation, taking into account the related risks and uncertainties.
 
Increases in provisions are generally charged as an expense to profit or loss.

Page 6

 
WHITWELL JOINERY LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 SEPTEMBER 2024

2.Accounting policies (continued)

 
2.13

Financial instruments

Basic financial assets

Basic financial assets, which include trade and other debtors, cash and bank balances, are initially measured at their transaction price (adjusted for transaction costs except in the initial measurement of financial assets that are subsequently measured at fair value through profit and loss) and are subsequently carried at their amortised cost using the effective interest method, less any provision for impairment, 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.

Discounting is omitted where the effect of discounting is immaterial. The Company's cash and cash equivalents, trade and most other debtors due with the operating cycle fall into this category of financial instruments.

Other financial instruments

Derivatives, including forward exchange contracts, futures contracts and interest rate swaps, are not classified as basic financial instruments. These are initially recognised at fair value on the date the derivative contract is entered into, with costs being charged to the profit or loss. They are subsequently measured at fair value with changes in the profit or loss.

Debt instruments that do not meet the conditions as set out in FRS 102 paragraph 11.9 are subsequently measured at fair value through the profit or loss. This recognition and measurement would also apply to financial instruments where the performance is evaluated on a fair value basis as with a documented risk management or investment strategy.

 
2.14

Dividends

Equity dividends are recognised when they become legally payable. Interim equity dividends are recognised when paid. Final equity dividends are recognised when approved by the shareholders at an annual general meeting.


3.


Employees

The average monthly number of employees, including directors, during the year was 1 (2023 - 1).

Page 7

 
WHITWELL JOINERY LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 SEPTEMBER 2024

4.


Tangible fixed assets





Freehold property
Plant and machinery
Motor vehicles
Office equipment
Total

£
£
£
£
£



Cost or valuation


At 1 October 2023
3,429
21,533
16,695
1,660
43,317


Disposals
-
(8,198)
-
-
(8,198)



At 30 September 2024

3,429
13,335
16,695
1,660
35,119



Depreciation


At 1 October 2023
-
18,677
16,167
1,639
36,483


Charge for the year on owned assets
-
547
132
6
685


Disposals
-
(7,504)
-
-
(7,504)



At 30 September 2024

-
11,720
16,299
1,645
29,664



Net book value



At 30 September 2024
3,429
1,615
396
15
5,455



At 30 September 2023
3,429
2,856
528
21
6,834


5.


Debtors

2024
2023
£
£


Trade debtors
2,698
3,797

Other debtors
9,911
5,460

12,609
9,257


Page 8

 
WHITWELL JOINERY LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 SEPTEMBER 2024

6.


Creditors: Amounts falling due within one year

2024
2023
£
£

Bank loans
3,887
3,887

Trade creditors
4,160
6,730

Corporation tax
4,687
3,086

Other taxation and social security
4,400
2,687

Accruals and deferred income
2,218
1,705

19,352
18,095



7.


Creditors: Amounts falling due after more than one year

2024
2023
£
£

Bank loans
1,960
5,847

1,960
5,847


Page 9

 
WHITWELL JOINERY LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 SEPTEMBER 2024

8.


Loans


Analysis of the maturity of loans is given below:


2024
2023
£
£

Amounts falling due within one year

Bank loans
3,887
3,887


3,887
3,887

Amounts falling due 1-2 years

Bank loans
1,960
3,887


1,960
3,887

Amounts falling due 2-5 years

Bank loans
-
1,960


-
1,960


5,847
9,734



9.


Financial instruments

2024
2023
£
£

Financial assets


Financial assets measured at fair value through profit or loss
1,876
6,419




Financial assets measured at fair value through profit or loss comprise of cash and cash equivalents.

Page 10

 
WHITWELL JOINERY LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 SEPTEMBER 2024

10.


Deferred taxation




2024


£






At beginning of year
(647)


Charged to profit or loss
262



At end of year
(385)

The provision for deferred taxation is made up as follows:

2024
2023
£
£


Accelerated capital allowances
(385)
(647)

(385)
(647)


11.


Share capital

2024
2023
£
£
Allotted, called up and fully paid



100 (2023 - 100) Ordinary Shares shares of £1.00 each
100
100



12.


Related party transactions

At 30 September 2024, the director owed the Company £6,632 in respect of an overdrawn directors' loan account. The loan is repayable on demand and is included within other debtors on the balance sheet. 

 
Page 11