REGISTERED NUMBER: 05289028 (England and Wales)

UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 DECEMBER 2024

FOR

WHITE LANE SERVICE STATION LIMITED

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

4

DIRECTORS:

Mr S K Panchal

Mrs M Panchal

SECRETARY:

Mrs M Panchal

REGISTERED OFFICE:

179 White Lane

Gleadless

Sheffield

South Yorkshire

S12 3GF

REGISTERED NUMBER:

05289028 (England and Wales)

ACCOUNTANTS:

TC Group

31 High View Close

Hamilton Office Park

Leicester

Leicestershire

LE4 9LJ

FIXED ASSETS

Tangible assets

4

1,829

2,266

CURRENT ASSETS

Stocks

57,020

36,479

Debtors

5

26,202

3,981

Cash at bank and in hand

31,618

72,167

114,840

112,627

CREDITORS

Amounts falling due within one year

6

35,096

39,317

NET CURRENT ASSETS

79,744

73,310

TOTAL ASSETS LESS CURRENT LIABILITIES

81,573

75,576

CREDITORS

Amounts falling due after more than one year

7

(28,885

)

(34,541

)

PROVISIONS FOR LIABILITIES

(458

)

(431

)

NET ASSETS

52,230

40,604

CAPITAL AND RESERVES

Called up share capital

100

100

Retained earnings

52,130

40,504

52,230

40,604

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 December 2024.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 December 2024 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 September 2025 and were signed on its behalf by:

Mr S K Panchal - Director

1.	STATUTORY INFORMATION

White Lane Service Station 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.

Plant and machinery

-

20% on reducing balance

Fixtures and fittings

-

15% on reducing balance

Motor vehicles

-

25% on reducing balance

Computer equipment

-

25% on reducing balance

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.

3.	EMPLOYEES AND DIRECTORS

The average number of employees during the year was 5 (2023 - 6 ) .

4.	TANGIBLE FIXED ASSETS

Fixtures

Plant and

and

Motor

Computer

machinery

fittings

vehicles

equipment

Totals

£

£

£

£

£

COST

At 1 January 2024

and 31 December 2024

12,022

7,203

600

2,611

22,436

DEPRECIATION

At 1 January 2024

11,072

6,373

520

2,205

20,170

Charge for year

190

125

20

102

437

At 31 December 2024

11,262

6,498

540

2,307

20,607

NET BOOK VALUE

At 31 December 2024

760

705

60

304

1,829

At 31 December 2023

950

830

80

406

2,266

5.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2024

2023

£

£

Trade debtors

5,586

414

Other debtors

20,616

3,567

26,202

3,981

6.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2024

2023

£

£

Bank loans and overdrafts

4,351

4,351

Trade creditors

3,551

6,028

Taxation and social security

23,694

14,285

Other creditors

3,500

14,653

35,096

39,317

7.

CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR

2024

2023

£

£

Bank loans

28,885

34,541

8.	DIRECTORS' ADVANCES, CREDITS AND GUARANTEES

The following advances and credits to directors subsisted during the years ended 31 December 2024 and 31 December 2023:

2024

2023

£

£

Mrs M Panchal and Mr S K Panchal

Balance outstanding at start of year

(11,653

)

(6,343

)

Amounts advanced

76,216

37,841

Amounts repaid

(46,614

)

(43,151

)

Amounts written off

-

-

Amounts waived

-

-

Balance outstanding at end of year

17,949

(11,653

)