ACCOUNTS - Final Accounts preparation

Company registration number: 00799261

	UNAUDITED FINANCIAL STATEMENTS
	FOR THE YEAR ENDED 31 MARCH 2025

	WHITMORE JONES (CHICHESTER) LIMITED


WHITMORE JONES (CHICHESTER) LIMITED

COMPANY INFORMATION

Directors	C E Whitmore Jones
	M E Whitmore Jones


Company secretary	J A Upjohn


Registered number	00799261


Registered office	1-3 Oving Road
	Chichester
	West Sussex
	PO19 7EG


Accountants	Menzies LLP
	Chartered Accountants
	3000a Parkway
	Whiteley
	Hampshire
	PO15 7FX


WHITMORE JONES (CHICHESTER) LIMITED

CONTENTS

	Page
Statement of Financial Position	1 - 2
Notes to the Financial Statements	3 - 9


WHITMORE JONES (CHICHESTER) LIMITED REGISTERED NUMBER:00799261

STATEMENT OF FINANCIAL POSITION

AS AT 31 MARCH 2025

		2025		2024
		£		£

Fixed assets
Intangible assets	4		1,400		2,800
Tangible assets	5		6,452		6,364
			7,852		9,164
Current assets
Stocks		129,785		128,077
Debtors: amounts falling due within one year	6	1,052,738		911,524
Cash at bank and in hand		210,061		353,697
		1,392,584		1,393,298
Creditors: amounts falling due within one year	7	(51,936)		(59,254)
Net current assets			1,340,648		1,334,044
Total assets less current liabilities			1,348,500		1,343,208
Provisions for liabilities
Deferred tax		(1,600)		(1,579)
			(1,600)		(1,579)
Net assets			1,346,900		1,341,629

Page 1


WHITMORE JONES (CHICHESTER) LIMITED REGISTERED NUMBER:00799261

STATEMENT OF FINANCIAL POSITION (CONTINUED)

AS AT 31 MARCH 2025

		2025		2024
		£		£

Capital and reserves
Called up share capital	540	540
Capital redemption reserve	460	460
Profit and loss account	1,345,900	1,340,629
	1,346,900	1,341,629

The directors consider that the Company is entitled to exemption from audit under section 477 of the Companies Act 2006 and members have not required the Company to obtain an audit for the year in question in accordance with section 476 of the Companies Act 2006.

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.

The financial statements have been prepared 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 financial statements have been delivered in accordance with the provisions applicable to companies subject to the small companies regime.

The Company has opted not to file the statement of income and retained earnings in accordance with provisions applicable to companies subject to the small companies' regime.

The financial statements were approved and authorised for issue by the board and were signed on its behalf by:

M E Whitmore Jones

Director

Date: 11 December 2025

The notes on pages 3 to 9 form part of these financial statements.

Page 2


WHITMORE JONES (CHICHESTER) LIMITED

NOTES TO THE FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 MARCH 2025

1.	General information

Whitmore Jones (Chichester) Limited is a private company limited by shares, registered in England and Wales. The address of it's registered office is disclosed on the company information page.

2.Accounting policies

2.1

Basis of preparation of financial statements

The financial statements have been prepared under the historical cost convention unless otherwise specified within these accounting policies and in accordance with FRS 102 'The Financial Reporting Standard applicable in the UK and the Republic of Ireland' and the requirements of the Companies Act 2006. The disclosure requirements of Section 1A of FRS 102 have been applied other than where additional disclosure is required to show a true and fair view.

The following principal accounting policies have been applied:

2.2

Revenue

Revenue is recognised to the extent that it is probable that the economic benefits will flow to the Company and the revenue can be reliably measured. Revenue is measured as the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes. The following criteria must also be met before revenue is recognised:

Sale of goods

Revenue from the sale of goods is recognised when all of the following conditions are satisfied:

∙the Company has transferred the significant risks and rewards of ownership to the buyer;

∙the Company retains neither continuing managerial involvement to the degree usually associated with ownership nor effective control over the goods sold;

∙the amount of revenue can be measured reliably;

∙it is probable that the Company will receive the consideration due under the transaction; and

∙the costs incurred or to be incurred in respect of the transaction can be measured reliably.

2.3

Tangible fixed assets

Tangible fixed assets under the cost model are stated at historical cost less accumulated depreciation and any accumulated impairment losses. Historical cost includes expenditure that is directly attributable to bringing the asset to the location and condition necessary for it to be capable of operating in the manner intended by management.

Page 3


WHITMORE JONES (CHICHESTER) LIMITED

NOTES TO THE FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 MARCH 2025

2.Accounting policies (continued)

2.3

Tangible fixed assets (continued)

Land is not depreciated. Depreciation on other assets is charged so as to allocate the cost of assets less their residual value over their estimated useful lives, on a reducing balance basis.

Depreciation is provided on the following basis:

Plant and machinery	-	15%
Motor vehicles	-	25%
Fixtures, fittings and equipment	-	15%

The assets' residual values, useful lives and depreciation methods are reviewed, and adjusted prospectively if appropriate, or if there is an indication of a significant change since the last reporting date.

Gains and losses on disposals are determined by comparing the proceeds with the carrying amount and are recognised in profit or loss.

2.4

Stocks

Stocks are valued at the lower of cost and net realisable value, after making due allowance for obsolete and slow moving items.

2.5

Pensions

The Company contributes to a personal pension plan on behalf of its employees. The Company has no payment obligations in relation to this plan.
The contributions are recognised as an expense in the Statement of Income and Retained Earnings when they fall due. Amounts not paid are shown in accruals as a liability in the Statement of Financial Position. The assets of the plan are held separately from the Company in independently administered funds

Page 4


WHITMORE JONES (CHICHESTER) LIMITED

NOTES TO THE FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 MARCH 2025

2.Accounting policies (continued)

2.6

Financial instruments

The Company has elected to apply the provisions of Section 11 “Basic Financial Instruments” of FRS 102 to all of its financial instruments.

Financial instruments are recognised in the Company's Statement of Financial Position when the Company becomes party to the contractual provisions of the instrument.

Financial assets and liabilities are offset, with the net amounts presented in the financial statements, when there is a legally enforceable right to set off the recognised amounts and there is an intention to settle on a net basis or to realise the asset and settle the liability simultaneously.

Basic financial assets

Basic financial assets, which include trade and other debtors, cash and bank balances, are initially measured at their transaction price (adjusted for transaction costs except in the initial measurement of financial assets that are subsequently measured at fair value through profit and loss) and are subsequently carried at their amortised cost using the effective interest method, less any provision for impairment, unless the arrangement constitutes a financing transaction, where the transaction is measured at the present value of the future receipts discounted at a market rate of interest.

Discounting is omitted where the effect of discounting is immaterial. The Company's cash and cash equivalents, trade and most other debtors due with the operating cycle fall into this category of financial instruments.

2.7

Dividends

Equity dividends are recognised when they become legally payable. Interim equity dividends are recognised when paid. Final equity dividends are recognised when approved by the shareholders at an annual general meeting.

Page 5


WHITMORE JONES (CHICHESTER) LIMITED

NOTES TO THE FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 MARCH 2025

2.Accounting policies (continued)

2.8

Current and deferred taxation

The tax expense for the year comprises current and deferred tax. Tax is recognised in profit or loss except that a charge attributable to an item of income and expense recognised as other comprehensive income or to an item recognised directly in equity is also recognised in other comprehensive income or directly in equity respectively.

The current income tax charge is calculated on the basis of tax rates and laws that have been enacted or substantively enacted by the reporting date in the countries where the Company operates and generates income.

Deferred tax balances are recognised in respect of all timing differences that have originated but not reversed by the reporting date, except that:

∙The recognition of deferred tax assets is limited to the extent that it is probable that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits; and

∙Any deferred tax balances are reversed if and when all conditions for retaining associated tax allowances have been met.

Deferred tax balances are not recognised in respect of permanent differences except in respect of business combinations, when deferred tax is recognised on the differences between the fair values of assets acquired and the future tax deductions available for them and the differences between the fair values of liabilities acquired and the amount that will be assessed for tax. Deferred tax is determined using tax rates and laws that have been enacted or substantively enacted by the reporting date.

Employees

The average monthly number of employees, including directors, during the year was 5 (2024 - 5).

Page 6


WHITMORE JONES (CHICHESTER) LIMITED

NOTES TO THE FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 MARCH 2025

4.	Intangible assets

	Website	Goodwill	Total
	£	£	£
Cost
At 1 April 2024	9,636	2,989	12,625
At 31 March 2025	9,636	2,989	12,625
Amortisation
At 1 April 2024	6,836	2,989	9,825
Charge for the year on owned assets	1,400	-	1,400
At 31 March 2025	8,236	2,989	11,225
Net book value
At 31 March 2025	1,400	-	1,400
At 31 March 2024	2,800	-	2,800

Page 7


WHITMORE JONES (CHICHESTER) LIMITED

NOTES TO THE FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 MARCH 2025

5.	Tangible assets

	Plant and machinery	Motor vehicles	Fixtures, fittings and equipment	Total
	£	£	£	£
Cost or valuation
At 1 April 2024	924	24,294	23,494	48,712
Additions	-	-	1,755	1,755
Disposals	-	-	(17,996)	(17,996)
At 31 March 2025	924	24,294	7,253	32,471
Depreciation
At 1 April 2024	220	22,470	19,658	42,348
Charge for the year on owned assets	106	456	518	1,080
Disposals	-	-	(17,409)	(17,409)
At 31 March 2025	326	22,926	2,767	26,019
Net book value
At 31 March 2025	598	1,368	4,486	6,452
At 31 March 2024	704	1,824	3,836	6,364

Debtors

					2025	2024
					£	£


Trade debtors	116,060	65,084
Amounts owed by group undertakings	926,024	844,380
Prepayments and accrued income	10,654	2,060
	1,052,738	911,524

Page 8


WHITMORE JONES (CHICHESTER) LIMITED

NOTES TO THE FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 MARCH 2025

7.	Creditors: Amounts falling due within one year
		2025	2024
		£	£

Trade creditors	24,108	22,026
Corporation tax	13,540	13,069
Other taxation and social security	10,504	20,227
Other creditors	1,054	1,402
Accruals and deferred income	2,730	2,530
	51,936	59,254

8.	Related party transactions

Included within the creditors due within one year are amounts owed to the director amounting to £932 (2024 - £1,295). This loan is undated and interest free.

Page 9