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REGISTERED NUMBER: 03567943 (England and Wales)















Unaudited Financial Statements for the Year Ended 31 December 2024

for

Witham Brothers Limited

Witham Brothers Limited (Registered number: 03567943)






Contents of the Financial Statements
for the Year Ended 31 December 2024




Page

Balance Sheet 1

Notes to the Financial Statements 3


Witham Brothers Limited (Registered number: 03567943)

Balance Sheet
31 December 2024

2024 2023
Notes £    £    £    £   
Fixed assets
Intangible assets 4 - -
Tangible assets 5 446,632 344,851
446,632 344,851

Current assets
Debtors 6 136,487 101,204
Cash at bank and in hand 136,799 26,466
273,286 127,670
Creditors: amounts falling due within
one year

7

412,636

155,625
Net current liabilities (139,350 ) (27,955 )
Total assets less current liabilities 307,282 316,896

Provisions for liabilities 30,086 69,547
Net assets 277,196 247,349

Capital and reserves
Called up share capital 8 100 100
Retained earnings 277,096 247,249
Shareholders' funds 277,196 247,349

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.

Witham Brothers Limited (Registered number: 03567943)

Balance Sheet - 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 Statement of Income and Retained Earnings has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 25 August 2025 and were signed on its behalf by:





C G Ballard - Director


Witham Brothers Limited (Registered number: 03567943)

Notes to the Financial Statements
for the Year Ended 31 December 2024

1. Statutory information

Witham Brothers Limited is a private company, limited by shares , registered in England and Wales. The company's registered number and registered office address are as below:

Registered number: 03567943

Registered office: 85 Church Road
Hove
East Sussex
BN3 2BB

The presentation currency of the financial statements is in Pound Sterling (£) and rounding is 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 is measured at the fair value of the consideration received or receivable and represents amounts receivable for services rendered, stated net of Value Added Tax.

When the outcome of a transaction involving the rendering of services can be reliably estimated, revenue from the rendering of services is measured by reference to the stage of completion of the service transaction at the end of the reporting period.

When the outcome of a transaction involving the rendering of services cannot be reliably estimated, revenue is recognised only to the extent that expenses recognised are recoverable.

Intangible asset
Goodwill, being the amount paid in connection with the acquisition of a business, has been fully amortised.

Tangible assets
Tangible fixed assets are stated at cost or valuation less accumulated depreciation and accumulated impairment losses. Cost includes costs directly attributable to making the asset capable of operating as intended.

Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.

Plant and machinery - 15% on reducing balance
Fixtures and fittings - 15% on reducing balance
Computer equipment - 33% on cost
Motor vehicles - 25% on reducing balance

Witham Brothers Limited (Registered number: 03567943)

Notes to the Financial Statements - continued
for the Year Ended 31 December 2024

2. Accounting policies - continued

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, unless the arrangement constitutes a financing transaction, where it is recognised at the present value of the future payments discounted at a market rate of interest for a similar debt instrument.

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 balance sheet date.

Deferred tax
Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the balance sheet 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
Assets held under finance leases and hire purchase contracts are recognised in the balance sheet 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. Any initial direct costs of the lease are added to the amount recognised as an asset.

Lease payments are apportioned between the finance charges and reduction of the outstanding lease liability using the effective interest method. Finance charges are allocated to each period so as to produce a constant rate of interest on the remaining balance of the liability.

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.

3. Employees and directors

The average number of employees during the year was 14 (2023 - 16 ) .

Witham Brothers Limited (Registered number: 03567943)

Notes to the Financial Statements - continued
for the Year Ended 31 December 2024

4. Intangible fixed assets
Goodwill
£   
Cost
At 1 January 2024
and 31 December 2024 13,200
Amortisation
At 1 January 2024
and 31 December 2024 13,200
Net book value
At 31 December 2024 -
At 31 December 2023 -

5. Tangible fixed assets
Fixtures
Long Plant and and
leasehold machinery fittings
£    £    £   
Cost
At 1 January 2024 131,230 313,619 4,516
Additions - 188,443 -
Disposals - - -
At 31 December 2024 131,230 502,062 4,516
Depreciation
At 1 January 2024 131,230 63,689 3,830
Charge for year - 60,060 103
Eliminated on disposal - - -
At 31 December 2024 131,230 123,749 3,933
Net book value
At 31 December 2024 - 378,313 583
At 31 December 2023 - 249,930 686

Witham Brothers Limited (Registered number: 03567943)

Notes to the Financial Statements - continued
for the Year Ended 31 December 2024

5. Tangible fixed assets - continued

Motor Computer
vehicles equipment Totals
£    £    £   
Cost
At 1 January 2024 352,425 8,301 810,091
Additions - - 188,443
Disposals (31,030 ) - (31,030 )
At 31 December 2024 321,395 8,301 967,504
Depreciation
At 1 January 2024 258,335 8,156 465,240
Charge for year 23,467 145 83,775
Eliminated on disposal (28,143 ) - (28,143 )
At 31 December 2024 253,659 8,301 520,872
Net book value
At 31 December 2024 67,736 - 446,632
At 31 December 2023 94,090 145 344,851

6. Debtors: amounts falling due within one year
2024 2023
£    £   
Trade debtors 55,645 36,465
Other debtors 80,842 64,739
136,487 101,204

7. Creditors: amounts falling due within one year
2024 2023
£    £   
Trade creditors 105,406 26,865
Amounts owed to group undertakings 216,064 43,185
Taxation and social security 47,165 29,802
Other creditors 44,001 55,773
412,636 155,625

Witham Brothers Limited (Registered number: 03567943)

Notes to the Financial Statements - continued
for the Year Ended 31 December 2024

8. Called up share capital

Allotted, issued and fully paid:
Number: Class: Nominal 2024 2023
value: £    £   
100 Ordinary £1 100 100

9. Other financial commitments

At the year end the company had rental lease commitments of £222,248 (2023:£370,413).

10. Controlling party

The controlling party throughout the year was Beckwith Holdings Ltd. The ultimate controlling party was Ballard Holdings Ltd.