Company Registration No. 02537389 (England and Wales)
Verner Wheelock Associates Limited
Unaudited accounts
for the year ended 31 December 2024
Verner Wheelock Associates Limited
Unaudited accounts
Contents
Verner Wheelock Associates Limited
Company Information
for the year ended 31 December 2024
Directors
AJ Wheelock
C Lennon
Company Number
02537389 (England and Wales)
Registered Office
Brewery Lane Studio, Unit 2
2 Belle Vue Square, Broughton Road
Skipton
North Yorkshire
BD23 1FJ
Accountants
Pearson & Associates
Suite E, Canal Wharf
Eshton Road
Gargrave, Skipton
North Yorkshire
BD23 3SE
Verner Wheelock Associates Limited
Statement of financial position
as at 31 December 2024
Intangible assets
43,200
55,200
Tangible assets
54,619
67,604
Cash at bank and in hand
1,249,834
989,638
Creditors: amounts falling due within one year
(258,695)
(182,911)
Net current assets
1,269,778
1,018,171
Total assets less current liabilities
1,367,597
1,140,975
Provisions for liabilities
Deferred tax
(11,040)
(13,154)
Net assets
1,356,557
1,127,821
Called up share capital
16,800
16,800
Capital redemption reserve
5,950
5,950
Profit and loss account
1,333,807
1,105,071
Shareholders' funds
1,356,557
1,127,821
For the year ending 31 December 2024 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies. The members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.
The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.
These accounts have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies' regime and in accordance with the provisions of FRS 102 Section 1A - Small Entities. The profit and loss account has not been delivered to the Registrar of Companies.
The financial statements were approved by the Board of Directors and authorised for issue on 16 September 2025 and were signed on its behalf by
AJ Wheelock
Director
Company Registration No. 02537389
Verner Wheelock Associates Limited
Notes to the Accounts
for the year ended 31 December 2024
Verner Wheelock Associates Limited is a private company, limited by shares, registered in England and Wales, registration number 02537389. The registered office is Brewery Lane Studio, Unit 2, 2 Belle Vue Square, Broughton Road, Skipton, North Yorkshire, BD23 1FJ.
2
Compliance with accounting standards
The accounts have been prepared in accordance with the provisions of FRS 102 Section 1A Small Entities. There were no material departures from that standard.
The principal accounting policies adopted in the preparation of the financial statements are set out below and have remained unchanged from the previous year, and also have been consistently applied within the same accounts.
The accounts have been prepared under the historical cost convention as modified by the revaluation of certain fixed assets.
The accounts are presented in £ sterling.
Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes. Turnover from the sale of goods is recognised when goods have been delivered to customers such that risks and rewards of ownership have transferred to them. Turnover from the rendering of services is recognised by reference to the stage of completion of the contract. The stage of completion of a contract is measured by comparing the costs incurred for work performed to date to the total estimated contract costs.
Tangible fixed assets and depreciation
Tangible assets are included at cost less depreciation and impairment. Depreciation has been provided at the following rates in order to write off the assets over their estimated useful lives:
Plant & machinery
25% on Cost
Motor vehicles
25% Reducing Balance
Fixtures & fittings
25% on Cost
Intangible fixed assets (including purchased goodwill and patents) are included at cost less accumulated amortisation.
Verner Wheelock Associates Limited
Notes to the Accounts
for the year ended 31 December 2024
4
Intangible fixed assets
Goodwill
At 31 December 2024
120,000
Charge for the year
12,000
At 31 December 2024
76,800
At 31 December 2024
43,200
At 31 December 2023
55,200
5
Tangible fixed assets
Plant & machinery
Motor vehicles
Fixtures & fittings
Computer equipment
Total
Cost or valuation
At cost
At cost
At cost
At cost
At 1 January 2024
8,888
81,949
7,006
42,510
140,353
At 31 December 2024
8,888
81,949
7,006
43,135
140,978
At 1 January 2024
8,888
22,629
6,998
34,234
72,749
Charge for the year
-
10,169
2
3,439
13,610
At 31 December 2024
8,888
32,798
7,000
37,673
86,359
At 31 December 2024
-
49,151
6
5,462
54,619
At 31 December 2023
-
59,320
8
8,276
67,604
Amounts falling due within one year
Trade debtors
182,096
148,210
7
Investments held as current assets
2024
2023
Unlisted investments
96,543
63,234
Verner Wheelock Associates Limited
Notes to the Accounts
for the year ended 31 December 2024
8
Creditors: amounts falling due within one year
2024
2023
Trade creditors
107,669
41,435
Taxes and social security
26,998
111,448
Other creditors
17,556
18,429
Loans from directors
106,472
11,599
9
Average number of employees
During the year the average number of employees was 7 (2023: 7).