Whittaker Financial Solutions Limited Filleted accounts for Companies House (small and micro)

COMPANY REGISTRATION NUMBER: 5090793

Whittaker Financial Solutions Limited

Filleted Unaudited Financial Statements

30 April 2025

Whittaker Financial Solutions Limited

Balance Sheet

30 April 2025

	2025		2024
Note	£	£	£

Current assets

Debtors	6	162,764		160,764

Creditors: amounts falling due within one year	7	112,872		70,283
		---------		---------
Net current assets			49,892	90,481
			--------	--------
Total assets less current liabilities			49,892	90,481

Creditors: amounts falling due after more than one year	8	25,789	66,174
		--------	--------
Net assets		24,103	24,307
		--------	--------

Capital and reserves

Called up share capital	1	1
Profit and loss account	24,102	24,306
	--------	--------
Shareholders funds	24,103	24,307
	--------	--------

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 comprehensive income (including profit and loss account) has not been delivered.

For the year ending 30 April 2025 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

Director's responsibilities:

- The members have not required the company to obtain an audit of its financial statements for the year in question in accordance with section 476 ;

- The director acknowledges his responsibilities for complying with the requirements of the Act 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 30 September 2025 , and are signed on behalf of the board by:

Mr E T Whittaker
Director

Company registration number: 5090793

Whittaker Financial Solutions Limited

Notes to the Financial Statements

Year ended 30 April 2025

1. General information

The company is a private company limited by shares, registered in England and Wales. The address of the registered office is 2 Howard Cottages, Sand Lane, Warton, Carnforth, Lancs, LA5 5NJ.

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, as modified by the revaluation of certain financial assets and liabilities and investment properties measured at fair value through profit or loss.

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 no material judgements, estimates or assumptions.

Revenue recognition

The turnover shown in the profit and loss account represents amounts receivable in respect of business written during the year.

Income tax

The taxation expense represents the aggregate amount of current and deferred tax recognised in the reporting period. Tax is recognised in profit or loss, except to the extent that it relates to items recognised in other comprehensive income or directly in equity. In this case, tax is recognised in other comprehensive income or directly in equity, respectively. 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.

Tangible assets

Tangible assets are initially recorded at cost, and subsequently stated at cost less any accumulated depreciation and impairment losses. Any tangible assets carried at revalued amounts are recorded at the fair value at the date of revaluation less any subsequent accumulated depreciation and subsequent accumulated impairment losses.

Depreciation

Depreciation is calculated so as to write off the cost or valuation of an asset, less its residual value, over the useful economic life of that asset as follows:

Fixtures & fittings	-	25% straight line
Office equipment	-	25% straight line

Impairment of fixed assets

A review for indicators of impairment is carried out at each reporting date, with the recoverable amount being estimated where such indicators exist. Where the carrying value exceeds the recoverable amount, the asset is impaired accordingly. Prior impairments are also reviewed for possible reversal at each reporting date.

Financial instruments

A financial asset or a financial liability is recognised only when the entity becomes a party to the contractual provisions of the instrument. Basic financial instruments are initially recognised at the transaction price, unless the arrangement constitutes a financing transaction, where it is recognised at the present value of the future payments discounted at a market rate of interest for a similar debt instrument. Debt instruments are subsequently measured at amortised cost. Financial assets that are measured at cost or amortised cost are reviewed for objective evidence of impairment at the end of each reporting date. If there is objective evidence of impairment, an impairment loss is recognised in profit or loss immediately. Any reversals of impairment are recognised in profit or loss immediately, to the extent that the reversal does not result in a carrying amount of the financial asset that exceeds what the carrying amount would have been had the impairment not previously been recognised.

Defined contribution plans

Pensions costs represents contributions made during the year, in respect of the year, into a defined contribution scheme on behalf of one member of staff.

4. Employee numbers

The average number of persons employed by the company during the year amounted to 2 (2024: 3 ).

5. Tangible assets

	Fixtures and fittings	Equipment	Total
	£	£	£
Cost
At 1 May 2024 and 30 April 2025	1,441	23,760	25,201
	-------	--------	--------
Depreciation
At 1 May 2024 and 30 April 2025	1,441	23,760	25,201
	-------	--------	--------
Carrying amount
At 30 April 2025	–	–	–
	-------	--------	--------
At 30 April 2024	–	–	–
	-------	--------	--------

6. Debtors

	2025	2024
	£	£
Trade debtors	35,900	32,900
Other debtors	126,864	127,864
	---------	---------
	162,764	160,764
	---------	---------

Included within other debtors is £89,315 owed by the director which will not be repaid before 30 April 2026.

7. Creditors: amounts falling due within one year

	2025	2024
	£	£
Bank loans and overdrafts	91,050	41,275
Corporation tax	17,385	20,398
Social security and other taxes	156	257
Other creditors	4,281	8,353
	---------	--------
	112,872	70,283
	---------	--------

During the year a loan was advanced for £25,000 with £9,485 interest, repayable over 12 months and secured by a personal guarantee. Also during the year, a loan of £15,000 was advanced, at 11.41% interest rate, repayable in 16 weekly instalments.

8. Creditors: amounts falling due after more than one year

	2025	2024
	£	£
Bank loans and overdrafts	15,789	56,174
Other creditors	10,000	10,000
	--------	--------
	25,789	66,174
	--------	--------

During the previous year a loan was advanced, totalling £168,000 (of which £39,708 is included within creditors falling due with 1 year), repayable in instalments over 5 years, commencing June 2022 at 6.85% interest rate.

9. Director's advances, credits and guarantees

As at 30 April 2025 the director owed £89,315 (2024 £89,315), including £4,252 of interest charged, and the loan will not be repaid before 30 April 2026.

10. Reserves

The only movements in equity during the year were in respect of the profit for the year and dividends paid. All of the profit and loss account balance is distributable.