REGISTERED NUMBER: 08560643 (England and Wales)

Financial Statements for the Year Ended 30 June 2024

for

Whitman Building Services Ltd

Page

Company Information

1

Statement of Financial Position

2

Notes to the Financial Statements

4

DIRECTOR:

P D Whitman

REGISTERED OFFICE:

4 Reading Road

Pangbourne

Reading

Berkshire

RG8 7LY

REGISTERED NUMBER:

08560643 (England and Wales)

ACCOUNTANTS:

Geoffrey Cole & Co

4 Reading Road

Pangbourne

Reading

Berkshire

RG8 7LY

FIXED ASSETS

Tangible assets

4

109,855

106,741

CURRENT ASSETS

Stocks

7,758

9,622

Debtors

5

950,568

1,056,221

Cash at bank and in hand

8,204

268,265

966,530

1,334,108

CREDITORS

Amounts falling due within one year

6

783,194

896,695

NET CURRENT ASSETS

183,336

437,413

TOTAL ASSETS LESS CURRENT LIABILITIES

293,191

544,154

CREDITORS

Amounts falling due after more than one year

7

(71,685

)

(1,437

)

PROVISIONS FOR LIABILITIES

(3,926

)

(26,685

)

NET ASSETS

217,580

516,032

CAPITAL AND RESERVES

Called up share capital

20,000

20,000

Retained earnings

197,580

496,032

SHAREHOLDERS' FUNDS

217,580

516,032

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 30 June 2024.

The members have not required the company to obtain an audit of its financial statements for the year ended 30 June 2024 in accordance with Section 476 of the Companies Act 2006.

The director acknowledges his 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 Income Statement has not been delivered.

The financial statements were approved by the director and authorised for issue on 2 September 2025 and were signed by:

P D Whitman - Director

1.	STATUTORY INFORMATION

Whitman Building Services Ltd 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.

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.

The financial statements have been prepared on a going concern basis, which assumes the company will continue in operational existence, and will be able to meet its liabilities as they fall due, for a period of at least twelve months from the date of approval of the financial statements.

Turnover

Turnover represents net invoiced sales of goods and amounts due under contract, excluding value added tax.

Tangible fixed assets

Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life or, if held under a finance lease, over the lease term, whichever is the shorter.

Plant and machinery

-

25% on cost

Fixtures and fittings

-

20% on cost

Motor vehicles

-

20% on cost

Computer equipment

-

33% on cost

Stocks

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

Taxation

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

Research and development

Expenditure on research and development is written off in the year in which it is incurred.

Hire purchase and leasing commitments

Assets obtained under hire purchase contracts or finance leases are capitalised in the balance sheet. Those held under hire purchase contracts are depreciated over their estimated useful lives. Those held under finance leases are depreciated over their estimated useful lives or the lease term, whichever is the shorter.

The interest element of these obligations is charged to profit or loss over the relevant period. The capital element of the future payments is treated as a liability.

Rentals paid under operating leases are charged to profit or loss on a straight line basis over the period of the lease.

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 16 (2023 - 14 ) .

4.	TANGIBLE FIXED ASSETS

Plant and

machinery

etc

£

COST

At 1 July 2023

163,972

Additions

140,301

Disposals

(174,817

)

At 30 June 2024

129,456

DEPRECIATION

At 1 July 2023

57,231

Charge for year

19,601

Eliminated on disposal

(57,231

)

At 30 June 2024

19,601

NET BOOK VALUE

At 30 June 2024

109,855

At 30 June 2023

106,741

Fixed assets, included in the above, which are held under hire purchase contracts are as follows:

Plant and

machinery

etc

£

COST

At 1 July 2023

14,000

Additions

126,118

Disposals

(14,000

)

At 30 June 2024

126,118

DEPRECIATION

At 1 July 2023

10,259

Charge for year

18,918

Eliminated on disposal

(10,259

)

At 30 June 2024

18,918

NET BOOK VALUE

At 30 June 2024

107,200

At 30 June 2023

3,741

5.

DEBTORS

2024

2023

£

£

Amounts falling due within one year:

Trade debtors

348,073

448,715

Amounts owed by group undertakings

-

2,174

Amounts recoverable on contract

68,028

42,980

Other debtors

404,491

440,463

820,592

934,332

Amounts falling due after more than one year:

Other debtors

129,976

121,889

Aggregate amounts

950,568

1,056,221

6.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2024

2023

£

£

Hire purchase contracts (see note 8)

4,919

3,265

Trade creditors

82,330

293,784

Amounts owed to group undertakings

131,929

-

Taxation and social security

128,379

294,956

Other creditors

435,637

304,690

783,194

896,695

7.

CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR

2024

2023

£

£

Hire purchase contracts (see note 8)

71,685

1,437

8.	LEASING AGREEMENTS

Minimum lease payments fall due as follows:

Hire purchase

contracts

2024

2023

£

£

Net obligations repayable:

Within one year

4,919

3,265

Between one and five years

71,685

1,437

76,604

4,702

Non-cancellable

operating leases

2024

2023

£

£

Within one year

18,352

12,983

Between one and five years

13,971

12,275

32,323

25,258

9.	SECURED DEBTS

A charge was created on 30 July 2021 whereby Marketfinance Ltd holds a fixed and floating charge over all the property or undertaking of the company.

10.	DIRECTOR'S ADVANCES, CREDITS AND GUARANTEES

As at 30 June 2024, P Whitman & Mrs C Whitman owed the company £385,114 (2023 : £361,153) This loan is repayable on demand and interest free.

11.	ULTIMATE CONTROLLING PARTY

The ultimate controlling party is P D Whitman, by virtue of his controlling interest in the issued share capital of the ultimate parent company, Whitman Commercial Ltd.