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Company Registration No. 5375019 (England and Wales)
WEETONS (RETAIL) LIMITED Unaudited accounts for the year ended 31 December 2024
WEETONS (RETAIL) LIMITED Unaudited accounts Contents
Page
Company information
3
Statement of financial position
4
Notes to the accounts
5
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WEETONS (RETAIL) LIMITED Company Information for the year ended 31 December 2024
Director
L J Gill
Company Number
5375019 (England and Wales)
Registered Office
Weetons Leeds Road Leeds Road Pannal Harrogate North Yorkshire HG3 1EW United Kingdom
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WEETONS (RETAIL) LIMITED Statement of financial position as at 31 December 2024
2024 
2023 
Notes
£ 
£ 
Fixed assets
Tangible assets
4
83,286 
105,981 
Current assets
Inventories
46,694 
120,206 
Debtors
115,798 
121,800 
Cash at bank and in hand
282,143 
98,813 
444,635 
340,819 
Creditors: amounts falling due within one year
(1,059,279)
(971,823)
Net current liabilities
(614,644)
(631,004)
Net liabilities
(531,358)
(525,023)
Capital and reserves
Called up share capital
80,000 
80,000 
Profit and loss account
(611,358)
(605,023)
Shareholders' funds
(531,358)
(525,023)
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 director acknowledges his responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.
The members have agreed to the preparation of abridged accounts for the year in accordance with Section 444(2A).
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 and authorised for issue on 19 September 2025 and were signed on its behalf by
L J Gill Director Company Registration No. 5375019
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WEETONS (RETAIL) LIMITED Notes to the Accounts for the year ended 31 December 2024
1
Statutory information
WEETONS (RETAIL) LIMITED is a private company, limited by shares, registered in England and Wales, registration number 5375019. The registered office is Weetons Leeds Road, Leeds Road, Pannal, Harrogate, North Yorkshire, HG3 1EW, United Kingdom.
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.
3
Accounting policies
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.
Basis of preparation
The accounts have been prepared under the historical cost convention as modified by the revaluation of certain fixed assets.
Presentation currency
The accounts are presented in £ sterling.
Turnover
Turnover represents net invoiced sales of goods, excluding Value added Tax, despatched/provided during the year, for which the right to consideration has been received.
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:
Land & buildings
15 years straight line
Plant & machinery
4 years straight line
Fixtures & fittings
4 years straight line
Computer equipment
4 years straight line
Inventories
Stocks are valued at the lower of cost and net realisable value, after making due allowance for obsolete and slow moving items.
Pension costs
The company operates a defined contribution scheme for the benefit of its employees. Contributions payable are recognised in the profit and loss account when due.
Going concern
The company shows net liabilities of £531,358 at the balance sheet date. The company continues to meet its working capital through the support of its parent company. The director is of the opinion that the position of net liabilities will be reversed over time. On this basis the director considers that the going concern basis of accounting is appropriate.
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WEETONS (RETAIL) LIMITED Notes to the Accounts for the year ended 31 December 2024
4
Tangible fixed assets
Total 
£ 
Cost or valuation
At 1 January 2024
727,701 
At 31 December 2024
727,701 
Depreciation
At 1 January 2024
621,720 
Charge for the year
22,695 
At 31 December 2024
644,415 
Net book value
At 31 December 2024
83,286 
At 31 December 2023
105,981 
5
Operating lease commitments
2024 
2023 
£ 
£ 
At 31 December 2024 the company had the following future minimum lease payments under non-cancellable operating leases for each of the following periods:
Later than one year and not later than five years
80,000 
80,000 
6
Transactions with related parties
At the end of the financial year £612,000 (2024 - £622,000) was owed to the parent company.
7
Controlling party
The company is a wholly owned subsidiary of Weetons Holdings Limited. Weetons Holdings Limited is a private company, limited by shares, registered in England and Wales, registration number 8218946. The registered office is Weetons Leeds Road, Leeds Road, Pannal, Harrogate, North Yorkshire, HG3 1EW.
8
Average number of employees
During the year the average number of employees was 30 (2023: 38).
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