Witt Group - UK Service Limited Filleted accounts for Companies House (small and micro)

COMPANY REGISTRATION NUMBER: 00848896

WITT GROUP - UK SERVICE LIMITED

FILLETED FINANCIAL STATEMENTS

31 December 2024

WITT GROUP - UK SERVICE LIMITED

FINANCIAL STATEMENTS

YEAR ENDED 31 DECEMBER 2024

CONTENTS	PAGE

Statement of financial position	1

Notes to the financial statements	2

WITT GROUP - UK SERVICE LIMITED

STATEMENT OF FINANCIAL POSITION

31 December 2024

	2024		2023
Note	£	£	£	£

CURRENT ASSETS

Stocks		141,398	14,120
Debtors	5	446,183	736,478
Cash at bank and in hand		159,050	41,119
		----------	----------
		746,631	791,717

CREDITORS: amounts falling due within one year	6	231,399		282,356
		----------		----------
NET CURRENT ASSETS			515,232		509,361
			----------		----------
TOTAL ASSETS LESS CURRENT LIABILITIES			515,232		509,361
			----------		----------
NET ASSETS			515,232		509,361
			----------		----------

CAPITAL AND RESERVES

Called up share capital	7	12,500	12,500
Profit and loss account		502,732	496,861
		----------	----------
SHAREHOLDER FUNDS		515,232	509,361
		----------	----------

These financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies' regime and in accordance with Section 1A of FRS 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland'.

In accordance with section 444 of the Companies Act 2006, the statement of income and retained earnings has not been delivered.

The directors acknowledge their responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of financial statements.

These financial statements were approved by the board of directors and authorised for issue on 24 June 2025 , and are signed on behalf of the board by:

T Barnes

Director

Company registration number: 00848896

WITT GROUP - UK SERVICE LIMITED

NOTES TO THE FINANCIAL STATEMENTS

YEAR ENDED 31 DECEMBER 2024

1. GENERAL INFORMATION

The company is a private company limited by shares, registered in England. The address of the registered office is Witt House, 3 Shelf Mills, Wade House Road, Shelf, Halifax, HX3 7BJ, West Yorkshire.

2. STATEMENT OF COMPLIANCE

These financial statements have been prepared in compliance with Section 1A of FRS 102, 'The Financial Reporting Standard applicable in the UK and the Republic of Ireland'.

3. ACCOUNTING POLICIES

Basis of preparation

The financial statements have been prepared on the historical cost basis. The financial statements are prepared in sterling, which is the functional currency of the entity.

Judgements and key sources of estimation uncertainty

The preparation of the financial statements requires management to make judgements, estimates and assumptions that affect the amounts reported. These estimates and judgements are continually reviewed and are based on experience and other factors, including expectations of future events that are believed to be reasonable under the circumstances. There are not considered to be any judgements, accounting estimates or assumptions that have a significant impact on the financial statements

Revenue recognition

Turnover is measured at the fair value of the consideration received or receivable and represents amounts receivable for goods supplied and services rendered, stated net of discounts and of Value Added Tax.

Taxation

The taxation expense represents the aggregate amount of current tax recognised in the reporting period. Tax is recognised in profit or loss. Current tax is recognised on taxable profit for the current and past periods. Current tax is measured at the amounts of tax expected to pay or recover using the tax rates and laws that have been enacted or substantively enacted at the reporting date.

Foreign currencies

Foreign currency transactions are initially recorded in the functional currency, by applying the spot exchange rate as at the date of the transaction. Monetary assets and liabilities denominated in foreign currencies are translated at the exchange rate ruling at the reporting date, with any gains or losses being taken to the profit and loss account.

Operating leases

Lease payments are recognised as an expense over the lease term on a straight-line basis. The aggregate benefit of lease incentives is recognised as a reduction to expense over the lease term, on a straight-line basis.

Stocks

Stocks are measured at the lower of cost and estimated selling price less costs to complete and sell. Cost includes all costs of purchase, costs of conversion and other costs incurred in bringing the stock to its present location and condition.

Financial instruments

The company only has financial assets and financial liabilities of a kind that qualify as basic financial instruments. Basic financial instruments are initially recognised at transaction value and subsequently measured at their settlement value with the exception of bank loans which are subsequently measured at amortised cost using the effective interest method.

Defined contribution plans

Contributions to defined contribution plans are recognised as an expense in the period in which the related service is provided. Prepaid contributions are recognised as an asset to the extent that the prepayment will lead to a reduction in future payments or a cash refund.

4. EMPLOYEE NUMBERS

The average number of persons employed by the company during the year amounted to 12 (2023: 13 ).

5. DEBTORS

	2024	2023
	£	£
Trade debtors	327,752	317,486
Amounts owed by group undertakings	99,397	403,818
Prepayments and accrued income	11,534	7,674
Other debtors	7,500	7,500
	----------	----------
	446,183	736,478
	----------	----------

6. CREDITORS: amounts falling due within one year

	2024	2023
	£	£
Trade creditors	66,576	42,638
Amounts owed to group undertakings	5,593	149,727
Accruals and deferred income	29,348	9,607
Corporation tax	12,290	–
Social security and other taxes	102,692	71,824
Other Creditors	10,880	6,369
Other creditors	4,020	2,191
	----------	----------
	231,399	282,356
	----------	----------

7. CALLED UP SHARE CAPITAL

Issued, called up and fully paid

	2024		2023
	No.	£	No.	£
Ordinary shares of £ 1 each	2,500	2,500	2,500	2,500
'A' Ordinary shares of £ 1 each	10,000	10,000	10,000	10,000
	---------	---------	---------	---------
	12,500	12,500	12,500	12,500
	---------	---------	---------	---------

8. OPERATING LEASES

The total future minimum lease payments under non-cancellable operating leases are as follows:

	2024	2023
	£	£
Not later than 1 year	10,357	5,611
Later than 1 year and not later than 5 years	8,522	7,014
	---------	---------
	18,879	12,625
	---------	---------

9. CONTINGENCIES

Under a group registration scheme, the company has guaranteed the outstanding VAT liabilities of all UK group companies. At 31 December 2024, the total liability across the UK group was £256,454 (2023: £145,933). All group companies have an unlimited unilateral guarantee for all group bank borrowings. At 31 December 2024 the maximum liability was £220,238 (2023: £364,280). This is secured by a debenture over the assets of the group.

10. EVENTS AFTER THE END OF THE REPORTING PERIOD

The company changed its name from Witt & Son UK Limited to Witt Group - UK Service Limited on 29 May 2025.

11. SUMMARY AUDIT OPINION

The auditor's report dated 26 September 2025 was unqualified .

The senior statutory auditor was Sally Shacklock BA FCA , for and on behalf of Streets Spenser Wilson (Yorkshire) Limited .

12. RELATED PARTY TRANSACTIONS

The company is a member of a medium group, the holding company of which, Witt & Son UK Holdings Limited, prepares publicly available consolidated financial statements copies of which are available from its registered office. Having taken advantage of the exemptions in Financial Reporting Standard 102 in respect of the disclosure of related party transactions, there were no other transactions that require disclosure under Financial Reporting Standard 102 Section 1A.

13. ULTIMATE PARENT COMPANY

The company's immediate and ultimate holding company is Witt & Son UK Holdings Limited , a company incorporated in England. This is the largest and smallest group for which accounts are drawn up and of which the company is a member, consolidated accounts are available from Companies House. The holding company's registered office is at Witt House, 3 Shelf Mills, Wade House Road, Shelf, Halifax, West Yorkshire, HX3 7BJ.