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Registered number: 10088669
Whitwell Services Limited
Unaudited Financial Statements
For The Year Ended 31 March 2025
Unaudited Financial Statements
Contents
Page
Balance Sheet 1—2
Notes to the Financial Statements 3—6
Page 1
Balance Sheet
Registered number: 10088669
2025 2024
Notes £ £ £ £
FIXED ASSETS
Intangible Assets 4 15,060 20,079
Tangible Assets 5 252,683 257,517
267,743 277,596
CURRENT ASSETS
Stocks 6 68,289 69,939
Debtors 7 321,713 387,642
Cash at bank and in hand 396,774 489,745
786,776 947,326
Creditors: Amounts Falling Due Within One Year 8 (356,216 ) (499,167 )
NET CURRENT ASSETS (LIABILITIES) 430,560 448,159
TOTAL ASSETS LESS CURRENT LIABILITIES 698,303 725,755
Creditors: Amounts Falling Due After More Than One Year 9 (1,667 ) (11,667 )
PROVISIONS FOR LIABILITIES
Deferred Taxation (34,839 ) (36,089 )
NET ASSETS 661,797 677,999
CAPITAL AND RESERVES
Called up share capital 10 100 100
Profit and Loss Account 661,697 677,899
SHAREHOLDERS' FUNDS 661,797 677,999
Page 1
Page 2
For the year ending 31 March 2025 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.
The member has not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.
The director acknowledges his responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.
These accounts have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime.
The company has taken advantage of section 444(1) of the Companies Act 2006 and opted not to deliver to the registrar a copy of the company's Profit and Loss Account.
On behalf of the board
Mr Luke Whitwell
Director
26th November 2025
The notes on pages 3 to 6 form part of these financial statements.
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Page 3
Notes to the Financial Statements
1. General Information
Whitwell Services Limited is a private company, limited by shares, incorporated in England & Wales, registered number 10088669 . The registered office is 12 High Street Hadleigh, Ipswich, Suffolk, IP7 5AP.
2. Accounting Policies
2.1. Basis of Preparation of Financial Statements
The financial statements have been prepared under the historical cost convention and in accordance with Financial Reporting Standard 102 section 1A Small Entities "The Financial Reporting Standard applicable in the UK and Republic of Ireland" and the Companies Act 2006.
2.2. Turnover
Turnover is measured at the fair value of the consideration received or receivable, net of discounts and value added taxes. Turnover includes revenue earned from the sale of goods and from the rendering of services. Turnover is reduced for estimated customer returns, rebates and other similar allowances.
Sale of goods
Turnover from the sale of goods is recognised when the significant risks and rewards of ownership of the goods has transferred to the buyer. This is usually at the point that the customer has signed for the delivery of the goods.
Rendering of services
Turnover from the rendering of services is recognised by reference to the stage of completion of the contract. The stage of completion of a contract is measured by comparing the costs incurred for work performed to date to the total estimated contract costs. Turnover is only recognised to the extent of recoverable expenses when the outcome of a contract cannot be estimated reliably.
2.3. Intangible Fixed Assets and Amortisation - Goodwill
Goodwill is the difference between amounts paid on the acquisition of a business and the fair value of the separable net assets. It is amortised to the profit and loss account over its estimated economic life of 10 years.
2.4. Intangible Fixed Assets and Amortisation - Other Intangible
Other intangible assets are carried at cost less accumulated amortisation and imparement losses. It is amortised to the profit and loss account over its estimated economic life of 10 years.
2.5. Tangible Fixed Assets and Depreciation
Tangible fixed assets are measured at cost less accumulated depreciation and any accumulated impairment losses. Depreciation is provided at rates calculated to write off the cost of the fixed assets, less their estimated residual value, over their expected useful lives on the following bases:
Leasehold 10% SL
Plant & Machinery 20% SL
Motor Vehicles 20% SL
Fixtures & Fittings 20% SL
Computer Equipment 33% SL
2.6. Stocks and Work in Progress
Stocks and work in progress are valued at the lower of cost and net realisable value after making due allowance for obsolete and slow-moving stocks. Cost includes all direct costs and an appropriate proportion of fixed and variable overheads. Work-in-progress is reflected in the accounts on a contract by contract basis by recording turnover and related costs as contract activity progresses.
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2.7. Taxation
Income tax expense represents the sum of the tax currently payable and deferred tax.
The tax currently payable is based on taxable profit for the year. Taxable profit differs from profit as reported in the statement of comprehensive income because of items of income or expense that are taxable or deductible in other years and items that are never taxable or deductible. The company's liability for current tax is calculated using tax rates that have been enacted or substantively enacted by the end of the reporting period.
Deferred tax is recognised on timing differences between the carrying amounts of assets and liabilities in the financial statements and the corresponding tax bases used in the computation of taxable profit. Deferred tax liabilities are generally recognised for all taxable timing differences. Deferred tax assets are generally recognised for all deductible temporary differences to the extent that it is probable that taxable profits will be available against which those deductible timing differences can be utilised. The carrying amount of deferred tax assets is reviewed at the end of each reporting period and reduced to the extent that it is no longer probable that sufficient taxable profits will be available to allow all or part of the asset to be recovered.
Deferred tax assets and liabilities are measured at the tax rates that are expected to apply in the period in which the liability is settled or the asset realised, based on tax rates (and tax laws) that have been enacted or substantively enacted by the end of the reporting period. Deferred tax liabilities are presented within provisions for liabilities and deferred tax assets within debtors. The measurement of deferred tax liabilities and assets reflect the tax consequences that would follow from the manner in which the Company expects, at the end of the reporting period, to recover or settle the carrying amount of its assets and liabilities.
Current and deferred tax are recognised in profit or loss for the year, except when they relate to items that are recognised in other comprehensive income or directly in equity, in which case current and deferred tax are recognised in other comprehensive income or directly in equity respectively.
3. Average Number of Employees
Average number of employees, including directors, during the year was: 18 (2024: 25)
18 25
4. Intangible Assets
Goodwill Other Total
£ £ £
Cost
As at 1 April 2024 46,791 3,404 50,195
As at 31 March 2025 46,791 3,404 50,195
Amortisation
As at 1 April 2024 28,074 2,042 30,116
Provided during the period 4,679 340 5,019
As at 31 March 2025 32,753 2,382 35,135
Net Book Value
As at 31 March 2025 14,038 1,022 15,060
As at 1 April 2024 18,717 1,362 20,079
5. Tangible Assets
Land & Property
Leasehold Plant & Machinery Motor Vehicles Fixtures & Fittings
£ £ £ £
Cost
As at 1 April 2024 31,195 14,769 329,745 41,759
Additions - 471 83,975 7,193
Disposals - - (29,810 ) -
As at 31 March 2025 31,195 15,240 383,910 48,952
Depreciation
As at 1 April 2024 11,939 11,070 106,546 34,343
...CONTINUED
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Page 5
Provided during the period 3,120 1,577 70,480 4,075
Disposals - - (11,924 ) -
As at 31 March 2025 15,059 12,647 165,102 38,418
Net Book Value
As at 31 March 2025 16,136 2,593 218,808 10,534
As at 1 April 2024 19,256 3,699 223,199 7,416
Computer Equipment Total
£ £
Cost
As at 1 April 2024 12,717 430,185
Additions 3,682 95,321
Disposals - (29,810 )
As at 31 March 2025 16,399 495,696
Depreciation
As at 1 April 2024 8,770 172,668
Provided during the period 3,017 82,269
Disposals - (11,924 )
As at 31 March 2025 11,787 243,013
Net Book Value
As at 31 March 2025 4,612 252,683
As at 1 April 2024 3,947 257,517
6. Stocks
2025 2024
£ £
Stock 68,289 69,939
7. Debtors
2025 2024
£ £
Due within one year
Trade debtors 184,229 252,599
Other debtors 3,734 1,293
187,963 253,892
Due after more than one year
Other debtors 133,750 133,750
133,750 133,750
321,713 387,642
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8. Creditors: Amounts Falling Due Within One Year
2025 2024
£ £
Trade creditors 163,188 191,649
Bank loans and overdrafts 10,000 10,000
Other creditors 108,830 197,120
Taxation and social security 74,198 100,398
356,216 499,167
9. Creditors: Amounts Falling Due After More Than One Year
2025 2024
£ £
Bank loans 1,667 11,667
1,667 11,667
10. Share Capital
2025 2024
£ £
Allotted, Called up and fully paid 100 100
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