REGISTERED NUMBER: 04188533 (England and Wales)

Unaudited Financial Statements

for the Year Ended

30 April 2025

for

The Wharton Partnership Limited

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

3

DIRECTORS:

C P Wharton

R J Wharton

S Wharton

REGISTERED OFFICE:

Church Court

Stourbridge Road

Halesowen

West Midlands

B63 3TT

BUSINESS ADDRESS:

15 Palmers Road

Redditch

West Midlands

B98 0RF

REGISTERED NUMBER:

04188533 (England and Wales)

ACCOUNTANTS:

DJH Halesowen Limited

Church Court

Stourbridge Road

Halesowen

West Midlands

B63 3TT

FIXED ASSETS

Intangible assets

4

-

-

Tangible assets

5

65,295

77,605

65,295

77,605

CURRENT ASSETS

Stocks

404,833

441,137

Debtors

6

15,791

22,700

Cash at bank and in hand

156,897

153,691

577,521

617,528

CREDITORS

Amounts falling due within one year

7

366,303

381,616

NET CURRENT ASSETS

211,218

235,912

TOTAL ASSETS LESS CURRENT LIABILITIES

276,513

313,517

PROVISIONS FOR LIABILITIES

8

9,700

12,000

NET ASSETS

266,813

301,517

CAPITAL AND RESERVES

Called up share capital

100

100

Retained earnings

266,713

301,417

SHAREHOLDERS' FUNDS

266,813

301,517

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 30 April 2025.

The members have not required the company to obtain an audit of its financial statements for the year ended 30 April 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 29 August 2025 and were signed on its behalf by:

C P Wharton - Director

1.	STATUTORY INFORMATION

The Wharton Partnership 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.

Goodwill

Goodwill, being the amount paid in connection with the acquisition of a business in 2001, is being amortised evenly over its estimated useful life of twenty years.

Intangible assets

Intangible assets are initially measured at cost. After initial recognition, intangible assets are measured at cost less any accumulated amortisation and any accumulated impairment losses.

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

-

at varying rates on cost

Plant and machinery

-

15% on reducing balance

Fixtures and fittings

-

15% on reducing balance

Motor vehicles

-

25% on reducing balance

Computer equipment

-

20% 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.

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.

Financial instruments

Financial instruments are classified and accounted for, according to the substance of the contractual arrangement, as either financial assets, financial liabilities or equity instruments. An equity instrument is any contract that evidences a residual interest in the assets of the company after deducting all of its liabilities.

3.	EMPLOYEES AND DIRECTORS

The average number of employees during the year was 11 (2024 - 14 ) .

4.	INTANGIBLE FIXED ASSETS

Goodwill

£

COST

At 1 May 2024

and 30 April 2025

306,000

AMORTISATION

At 1 May 2024

and 30 April 2025

306,000

NET BOOK VALUE

At 30 April 2025

-

At 30 April 2024

-

5.	TANGIBLE FIXED ASSETS

Fixtures

Freehold

Plant and

and

property

machinery

fittings

£

£

£

COST

At 1 May 2024

176,393

30,888

60,272

Additions

1,006

-

-

At 30 April 2025

177,399

30,888

60,272

DEPRECIATION

At 1 May 2024

147,042

23,322

41,921

Charge for year

4,045

1,133

1,632

At 30 April 2025

151,087

24,455

43,553

NET BOOK VALUE

At 30 April 2025

26,312

6,433

16,719

At 30 April 2024

29,351

7,566

18,351

Motor

Computer

vehicles

equipment

Totals

£

£

£

COST

At 1 May 2024

75,242

28,468

371,263

Additions

-

-

1,006

At 30 April 2025

75,242

28,468

372,269

DEPRECIATION

At 1 May 2024

54,585

26,788

293,658

Charge for year

5,165

1,341

13,316

At 30 April 2025

59,750

28,129

306,974

NET BOOK VALUE

At 30 April 2025

15,492

339

65,295

At 30 April 2024

20,657

1,680

77,605

6.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2025

2024

£

£

Trade debtors

1,348

2,394

Other debtors

14,443

20,306

15,791

22,700

7.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2025

2024

£

£

Trade creditors

121,164

113,038

Taxation and social security

67,563

81,958

Other creditors

177,576

186,620

366,303

381,616

8.	PROVISIONS FOR LIABILITIES

2025

2024

£

£

Deferred tax

Accelerated capital allowances

9,700

12,000

Deferred

tax

£

Balance at 1 May 2024

12,000

Credit to Income Statement during year

(2,300

)

Accelerated capital allowances

Balance at 30 April 2025

9,700

9.	OTHER FINANCIAL COMMITMENTS

The total amount of commitments, guarantees and contingencies at the end of the year was £254,000 (2024: £327,000).

10.	RELATED PARTY DISCLOSURES

Included in creditors are amounts owing to directors 2025: £166,369 (2024: £175,369).