REGISTERED NUMBER: 07183812 (England and Wales)

UNAUDITED FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2025

FOR

CHARLES WAITE & CO LIMITED

Page

Company Information

1

Statement of Financial Position

2

Notes to the Financial Statements

4

DIRECTORS:

Mr H J Waite

Miss A M Waite

REGISTERED OFFICE:

Thornton Lodge

Cut Throat Lane

Bishop Thornton

Harrogate

North Yorkshire

HG3 3JT

REGISTERED NUMBER:

07183812 (England and Wales)

ACCOUNTANTS:

SMH Howard Matthews Ltd

Queensgate House

23 North Park Road

Harrogate

HG1 5PD

FIXED ASSETS

Tangible assets

4

26,993

32,488

CURRENT ASSETS

Debtors

5

171,180

240,532

Cash at bank

41,337

161,193

212,517

401,725

CREDITORS

Amounts falling due within one year

6

56,353

34,729

NET CURRENT ASSETS

156,164

366,996

TOTAL ASSETS LESS CURRENT LIABILITIES

183,157

399,484

PROVISIONS FOR LIABILITIES

829

2,062

NET ASSETS

182,328

397,422

CAPITAL AND RESERVES

Called up share capital

110

110

Retained earnings

182,218

397,312

182,328

397,422

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 March 2025.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 March 2025 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.

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 5 September 2025 and were signed on its behalf by:

Miss A M Waite - Director

1.	STATUTORY INFORMATION

Charles Waite & Co 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.

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.

Freehold property

-

2% on cost

Plant and machinery

-

25% on reducing balance

Fixtures and fittings

-

25% on reducing balance

Motor vehicles

-

25% on reducing balance

Computer equipment

-

33% on cost

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.

Deferred tax

Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the statement of financial position 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.

3.	EMPLOYEES AND DIRECTORS

The average number of employees during the year was 2 (2024 - 2 ) .

4.	TANGIBLE FIXED ASSETS

Fixtures

Freehold

Plant and

and

property

machinery

fittings

£

£

£

COST

At 1 April 2024

17,904

25,459

25,116

Disposals

-

-

-

At 31 March 2025

17,904

25,459

25,116

DEPRECIATION

At 1 April 2024

2,493

17,312

21,637

Charge for year

358

2,036

870

Eliminated on disposal

-

-

-

At 31 March 2025

2,851

19,348

22,507

NET BOOK VALUE

At 31 March 2025

15,053

6,111

2,609

At 31 March 2024

15,411

8,147

3,479

Motor

Computer

vehicles

equipment

Totals

£

£

£

COST

At 1 April 2024

12,500

6,221

87,200

Disposals

-

(1,550

)

(1,550

)

At 31 March 2025

12,500

4,671

85,650

DEPRECIATION

At 1 April 2024

9,534

3,736

54,712

Charge for year

741

1,490

5,495

Eliminated on disposal

-

(1,550

)

(1,550

)

At 31 March 2025

10,275

3,676

58,657

NET BOOK VALUE

At 31 March 2025

2,225

995

26,993

At 31 March 2024

2,966

2,485

32,488

5.

DEBTORS

2025

2024

£

£

Amounts falling due within one year:

Trade debtors

139,076

226,119

Other debtors

29,870

13,352

168,946

239,471

Amounts falling due after more than one year:

Amounts owed by group undertakings

2,234

1,061

Aggregate amounts

171,180

240,532

6.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2025

2024

£

£

Taxation and NI

53,398

33,479

Other creditors

2,955

1,250

56,353

34,729