Registration number: 01731403

Whiteleys (Leaded Lights) Limited

Contents

Balance Sheet	1 to 2
Notes to the Unaudited Financial Statements	3 to 7

Whiteleys (Leaded Lights) Limited

Balance Sheet

as at 31 July 2025

	Note	2025 £	2024 £
Fixed assets
Tangible assets	4	13,591	18,057
Current assets
Stocks		18,419	22,591
Debtors	5	361,289	358,184
Cash at bank and in hand		-	926
		379,708	381,701
Creditors: Amounts falling due within one year	6	(115,163)	(122,973)
Net current assets		264,545	258,728
Total assets less current liabilities		278,136	276,785
Creditors: Amounts falling due after more than one year	6	-	(6,667)
Provisions for liabilities		(2,955)	(3,729)
Net assets		275,181	266,389
Capital and reserves
Allotted, called up and fully paid share capital		100	100
Profit and loss account		275,081	266,289
Shareholders' funds		275,181	266,389

Registration number: 01731403

Whiteleys (Leaded Lights) Limited

Balance Sheet

as at 31 July 2025 (continued)

For the financial year ending 31 July 2025 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

Directors' responsibilities:

•	The members have not required the company to obtain an audit of its accounts for the year in question in accordance with section 476; and
•	The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.

These financial statements have been prepared in accordance with the special provisions relating to companies subject to the small companies regime within Part 15 of the Companies Act 2006.

These financial statements have been delivered in accordance with the provisions applicable to companies subject to the small companies regime and the option not to file the Profit and Loss Account has been taken.

Approved and authorised by the Board on 4 December 2025 and signed on its behalf by:
 

......................................... Mr M A Thornton Director

Whiteleys (Leaded Lights) Limited

Notes to the Unaudited Financial Statements

for the Year Ended 31 July 2025

1	General information

The company is a private company limited by shares incorporated in England within the United Kingdom.

The company's registration number is 01731403.

The address of its registered office is:
Unit 1 Leodis Court
Marshall Street
Leeds
West Yorkshire
LS11 5JJ

2	Accounting policies

Summary of significant accounting policies and key accounting estimates

The principal accounting policies applied in the preparation of these financial statements are set out below. These policies have been consistently applied to all the years presented, unless otherwise stated.

Statement of compliance

These financial statements have been prepared in accordance with Financial Reporting Standard 102 Section 1A - 'The Financial Reporting Standard applicable in the UK and Republic of Ireland' and the Companies Act 2006 (as applicable to companies subject to the small companies' regime).

Basis of preparation

These financial statements have been prepared using the historical cost convention except that as disclosed in the accounting policies certain items are shown at fair value.

Revenue recognition

Turnover comprises the fair value of the consideration received or receivable for the sale of goods in the ordinary course of the company’s activities. Turnover is shown net of value added tax, returns, rebates and discounts.

Turnover from the sale of goods is recognised when the significant risks and rewards of ownership of the goods have been transferred to the buyer.

Whiteleys (Leaded Lights) Limited

Notes to the Unaudited Financial Statements

for the Year Ended 31 July 2025 (continued)

2	Accounting policies (continued)

Tax

Current tax represents the amount of tax payable or receivable in respect of the taxable profit (or loss) for the current or past reporting periods. It is measured at the amount expected to be paid or recovered using the tax rates and laws that have been enacted or substantively enacted by the balance sheet date.

Deferred tax is recognised on temporary differences arising between the tax bases of assets and liabilities and their carrying amounts in the financial statements and on unused tax losses or tax credits in the company. Deferred tax is determined using tax rates and laws that have been enacted or substantively enacted by the reporting date.

Tangible assets

Tangible assets are stated in the balance sheet at cost, less any subsequent accumulated depreciation.

The cost of tangible assets includes directly attributable incremental costs incurred in their acquisition and installation.

Depreciation

Depreciation is charged so as to write off the cost of assets over their estimated useful lives as follows:

Asset class	Depreciation method and rate
Plant and machinery	20% per annum on a reducing balance basis
Fixtures, fittings and equipment	20% per annum on a reducing balance basis
Motor vehicles	25% per annum on a reducing balance basis

Stocks

Stocks are stated at the lower of cost and estimated selling price less costs to complete and sell. Cost is determined using the first-in, first-out (FIFO) method. Provision is made for damaged, obsolete and slow-moving stock where appropriate.

Work in progress is valued on the basis of direct costs plus attributable overheads based on normal level of activity. Provision is made for any foreseeable losses where appropriate. No element of profit is included in the valuation of work in progress.

Whiteleys (Leaded Lights) Limited

Notes to the Unaudited Financial Statements

for the Year Ended 31 July 2025 (continued)

2	Accounting policies (continued)

Leases

Rentals in which substantially all the risks and rewards of ownership are retained by the lessor are classified as operating leases. Payments made under operating leases are charged to the profit and loss account on a straight-line basis over the period of the lease.

Hire purchase agreements are classified as finance leases whenever the terms of the lease transfer substantially all the risks and rewards of ownership to the lessee.

Assets held under finance leases are capitalised and depreciated over their useful lives. Obligations under such agreements are included in creditors net of the finance charge allocated to future periods. The finance element of the rental payment is charged to the profit and loss account so as to produce a constant periodic rate of charge on the net obligation outstanding in each period.

Defined contribution pension obligation

The company operates a defined contribution pension scheme for employees. The assets of the scheme are held separately from those of the company. The annual contributions are charged to the profit and loss account.

3	Staff numbers

The average number of persons employed by the company (including directors) during the year, was 10 (2024 - 10).

Whiteleys (Leaded Lights) Limited

Notes to the Unaudited Financial Statements

for the Year Ended 31 July 2025 (continued)

4	Tangible assets

	Fixtures, fittings and equipment  £	Motor vehicles  £	Plant and machinery  £	Total £
Cost
At 1 August 2024	45,996	16,920	197,702	260,618
Additions	92	-	-	92
Disposals	(2,137)	-	-	(2,137)
At 31 July 2025	43,951	16,920	197,702	258,573
Depreciation
At 1 August 2024	39,403	12,887	190,271	242,561
Charge for the year	1,134	1,008	1,485	3,627
Eliminated on disposal	(1,206)	-	-	(1,206)
At 31 July 2025	39,331	13,895	191,756	244,982
Net book value
At 31 July 2025	4,620	3,025	5,946	13,591
At 31 July 2024	6,593	4,033	7,431	18,057

5

Debtors

	2025 £	2024 £
Trade debtors	83,883	82,775
Amounts owed by group undertakings	270,119	268,331
Prepayments	7,287	7,078
	361,289	358,184

Whiteleys (Leaded Lights) Limited

Notes to the Unaudited Financial Statements

for the Year Ended 31 July 2025 (continued)

6

Creditors

	2025 £	2024 £
Due within one year
Bank borrowings	6,666	8,000
Bank overdrafts	11,533	-
Other borrowings	11,227	13,271
Trade creditors	52,789	65,422
Taxation and social security	16,920	14,917
Other creditors	733	629
Accruals and deferred income	6,729	7,506
Corporation tax	8,566	13,228
	115,163	122,973
Due after one year
Bank borrowings	-	6,667

The bank borrowings are secured by a debenture on fixed and floating charges over the undertaking and all property and assets present and future.