REGISTERED NUMBER: 00686547 (England and Wales)

FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 DECEMBER 2024

FOR

WHIT PRODUCTS LIMITED

Page

Company Information

1

Abridged Balance Sheet

2

Notes to the Financial Statements

4

Report of the Accountants

8

DIRECTORS:

Mrs M Whittle

C R Whittle

M T Whittle

A E Rhodes

SECRETARY:

M T Whittle

REGISTERED OFFICE:

Beechcroft House

50 Sedgley Road West

Tipton

West Midlands

DY4 8AB

REGISTERED NUMBER:

00686547 (England and Wales)

ACCOUNTANTS:

Bradley Rhodes Limited

Beechcroft House

50 Sedgley Road West

Tipton

West Midlands

DY4 8AB

BANKERS:

Lloyds Bank plc

89 Church Street

Bilston

West Midlands

WV14 OBJ

FIXED ASSETS

Tangible assets

4

71,103

58,045

CURRENT ASSETS

Stocks

37,434

47,977

Debtors

50,977

46,524

Cash at bank and in hand

140,801

145,578

229,212

240,079

CREDITORS

Amounts falling due within one year

82,760

83,239

NET CURRENT ASSETS

146,452

156,840

TOTAL ASSETS LESS CURRENT LIABILITIES

217,555

214,885

CREDITORS

Amounts falling due after more than one year

(57,635

)

(58,872

)

PROVISIONS FOR LIABILITIES

6

(3,956

)

(4,708

)

NET ASSETS

155,964

151,305

CAPITAL AND RESERVES

Called up share capital

7

27,000

27,000

Retained earnings

128,964

124,305

SHAREHOLDERS' FUNDS

155,964

151,305

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.

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

All the members have consented to the preparation of an abridged Income Statement and an abridged Balance Sheet for the year ended 31 December 2024 in accordance with Section 444(2A) of the Companies Act 2006.

In accordance with Section 444 of the Companies Act 2006, the Income Statement has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 7 August 2025 and were signed on its behalf by:

M T Whittle - Director

C R Whittle - Director

1.	STATUTORY INFORMATION

Whit Products Limited 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.

Related party exemption

The company has taken advantage of exemption, under the terms of Financial Reporting Standard 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland', not to disclose related party transactions with wholly owned subsidiaries within the group.

Turnover

Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes.

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

-

10% on cost

Fixtures and fittings

-

10% on cost

Motor vehicles

-

14% 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 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 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.

3.	EMPLOYEES AND DIRECTORS

The average number of employees during the year was 4 (2023 - 4 ) .

4.	TANGIBLE FIXED ASSETS

Totals

£

COST

At 1 January 2024

99,397

Additions

45,680

Disposals

(31,635

)

At 31 December 2024

113,442

DEPRECIATION

At 1 January 2024

41,352

Charge for year

9,866

Eliminated on disposal

(8,879

)

At 31 December 2024

42,339

NET BOOK VALUE

At 31 December 2024

71,103

At 31 December 2023

58,045

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

Totals

£

COST

At 1 January 2024

76,492

Additions

45,680

Disposals

(31,635

)

At 31 December 2024

90,537

DEPRECIATION

At 1 January 2024

20,972

Charge for year

8,336

Eliminated on disposal

(8,879

)

At 31 December 2024

20,429

NET BOOK VALUE

At 31 December 2024

70,108

At 31 December 2023

55,520

5.	SECURED DEBTS

The following secured debts are included within creditors:

2024

2023

£

£

Hire purchase contracts

66,896

52,238

6.	PROVISIONS FOR LIABILITIES

2024

2023

£

£

Deferred tax

Excess of capital allowances over depreciation

3,956

4,708

Deferred

tax

£

Balance at 1 January 2024

4,708

Provided during year

(752

)

Balance at 31 December 2024

3,956

7.	CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:

Number:

Class:

Nominal

2024

2023

value:

£

£

27,000

Ordinary

£1

27,000

27,000

The following reproduces the text of the report prepared for the directors in respect of the company's annual unaudited financial statements. In accordance with the Companies Act 2006, the company is only required to file a Balance Sheet. Readers are cautioned that the Abridged Income Statement and certain other primary statements and the Report of the Directors are not required to be filed with the Registrar of Companies.

As described on the Balance Sheet you are responsible for the preparation of the financial statements for the year ended 31 December 2024 set out on pages three to nine and you consider that the company is exempt from an audit.

In accordance with your instructions, we have compiled these unaudited financial statements in order to assist you to fulfil your statutory responsibilities, from the accounting records and information and explanations supplied to us.

Bradley Rhodes Limited

Beechcroft House

50 Sedgley Road West

Tipton

West Midlands

DY4 8AB

7 August 2025