Company No: 08366029 (England and Wales)

Contents

• Company Information
• Accountants' Report
• Statement of Financial Position
• Notes to the Financial Statements

Directors	A Bak
	S Beck
	D Bennett
	C Broadfield (Appointed 03 November 2025)
	G Jones
	C Longden
	M Marriner
	D Tozer (Appointed 01 August 2024)
	G Warman

Registered office	5 Eclipse Park
	Sittingbourne Road
	Maidstone
	Kent
	ME14 3EN
	United Kingdom

Company number

08366029 (England and Wales)

Accountant	Kreston Reeves LLP
	37 St Margarets Street
	Canterbury
	Kent
	CT1 2TU

Bankers	Lloyds Bank Plc
	18 Week Street
	Maidstone
	Kent
	ME14 1RW

In order to assist you to fulfil your duties under the Companies Act 2006, we have prepared for your approval the financial statements of Whitehead Monckton Limited for the financial period ended 31 October 2025 which comprise the Statement of Financial Position and the related notes 1 to 15 from the Company’s accounting records and from information and explanations you have given us.

As a practising member firm of the Institute of Chartered Accountants in England and Wales (ICAEW), we are subject to its ethical and other professional requirements which are detailed at www.icaew.com/regulation.

It is your duty to ensure that Whitehead Monckton Limited has kept adequate accounting records and to prepare statutory financial statements that give a true and fair view of the assets, liabilities, financial position and profit of Whitehead Monckton Limited. You consider that Whitehead Monckton Limited is exempt from the statutory audit requirement for the financial period.

We have not been instructed to carry out an audit or a review of the financial statements of Whitehead Monckton Limited. For this reason, we have not verified the accuracy or completeness of the accounting records or information and explanations you have given to us and we do not, therefore, express any opinion on the statutory financial statements.

This report is made solely to the Board of Directors of Whitehead Monckton Limited, as a body, in accordance with the terms of our engagement letter dated 14 April 2023. Our work has been undertaken solely to prepare for your approval the financial statements of Whitehead Monckton Limited and state those matters that we have agreed to state to the Board of Directors of Whitehead Monckton Limited, as a body, in this report in accordance with ICAEW Technical Release 07/16 AAF. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than Whitehead Monckton Limited and its Board of Directors as a body for our work or for this report.

Kreston Reeves LLP

37 St Margarets Street
Canterbury
Kent
CT1 2TU

19 December 2025

	Note	31.10.2025		30.06.2024
		£		£
				Restated - note 2
Fixed assets
Tangible assets	5	157,270		210,255
Investments	6	2		2
		157,272		210,257
Current assets
Stocks		7,500		7,500
Debtors	7	2,705,512		2,508,573
Cash at bank and in hand		1,250,074		709,035
		3,963,086		3,225,108
Creditors: amounts falling due within one year	8	( 3,177,844)		( 2,299,814)
Net current assets		785,242		925,294
Total assets less current liabilities		942,514		1,135,551
Creditors: amounts falling due after more than one year	9	( 41,855)		( 246,462)
Provision for liabilities	10	( 22,473)		( 44,709)
Net assets		878,186		844,380
Capital and reserves
Called-up share capital	11	12,670		8,147
Share premium account		259,981		125,094
Profit and loss account		605,535		711,139
Total shareholders' funds		878,186		844,380

For the financial period ending 31 October 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 financial statements for the financial period in accordance with section 476;
• 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; and
• These financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime and a copy of the Statement of Comprehensive Income has not been delivered.

The financial statements of Whitehead Monckton Limited (registered number: 08366029) were approved and authorised for issue by the Board of Directors on 19 December 2025. They were signed on its behalf by:

C Longden Director

1. Accounting policies

The principal accounting policies are summarised below. They have all been applied consistently throughout the financial period and to the preceding financial year, unless otherwise stated.

General information and basis of accounting

Whitehead Monckton Limited (the Company) is a private company, limited by shares, incorporated in the United Kingdom under the Companies Act 2006 and is registered in England and Wales. The address of the Company's registered office is 5 Eclipse Park, Sittingbourne Road, Maidstone, Kent, ME14 3EN, United Kingdom.

The financial statements have been prepared under the historical cost convention, modified to include certain items at fair value, and in accordance with Section 1A of Financial Reporting Standard 102 (FRS 102) ‘The Financial Reporting Standard applicable in the UK and Republic of Ireland’ issued by the Financial Reporting Council and the requirements of the Companies Act 2006 as applicable to companies subject to the small companies regime.

The financial statements are presented in pounds sterling which is the functional currency of the Company and rounded to the nearest £.

Reporting period length

The company has prepared its financial statements for a 16 month period to 31 October 2025 to cover the period of transition to majority ownership by the Whitehead Monckton Employee Ownership Trust.

Prior period adjustment

The company has changed its depreciation method for certain items of plant and equipment to 15% reducing balance from 20% straight line to better recognise the expected useful life and remaining value of these assets. The effect of the adjustment is to increase the net book value of Tangible fixed assets in the comparative year by £12,052. The impact of the prior period adjustment is further disclosed in note 2.

Turnover

Turnover is stated net of VAT and trade discounts and is recognised when the significant risks and rewards are considered to have been transferred to the buyer. Turnover from the supply of services represents the value of services provided under contracts to the extent that there is a right to consideration and is recorded at the fair value of the consideration received or receivable. Where a contract has only been partially completed at the Statement of Financial Position date turnover represents the fair value of the service provided to date based on the stage of completion of the contract activity at the Statement of Financial Position date. Where payments are received from customers in advance of services provided, the amounts are recorded as deferred income and included as part of creditors due within one year.

Interest income

Interest income is recognised when it is probable that the economic benefits will flow to the Company and the amount of revenue can be measured reliably. Interest income is accrued on a time basis, by reference to the principal outstanding at the effective interest rate applicable, which is the rate that exactly discounts estimated future cash receipts through the expected life of the financial asset to that asset's net carrying amount on initial recognition.

Employee benefits

Defined contribution schemes
The Company operates a defined contribution scheme. The amount charged to the Statement of Comprehensive Income in respect of pension costs and other post-retirement benefits is the contributions payable in the financial period. Differences between contributions payable in the financial period and contributions actually paid are included as either accruals or prepayments in the Statement of Financial Position.

Finance costs

Finance costs are charged to the Statement of Comprehensive Income over the term of the debt using the effective interest method so the amount charged is at a constant rate on the carrying amount. Issue costs are initially recognised as a reduction in the proceeds of the associated capital instrument.

Taxation

Current tax
Current tax is provided at amounts expected to be paid (or recoverable) using the tax rates and laws that have been enacted or substantively enacted at the Statement of Financial Position date.

Deferred tax
Deferred tax arises as a result of including items of income and expenditure in taxation computations in periods different from those in which they are included in the Company's financial statements. Deferred tax is provided in full on timing differences which result in an obligation to pay more or less tax at a future date, at the average tax rates that are expected to apply when the timing differences reverse, based on current tax rates and laws. Deferred tax assets and liabilities are not discounted.

The carrying amount of deferred tax assets are reviewed at each reporting date and a valuation allowance is set up against deferred tax assets so that the net carrying amount equals the highest amount that is more likely than not to be recovered based on current or future taxable profit.

Exemption from preparing consolidated financial statements

The Company, and the Group headed by it, qualify as small as set out in section 383 of the Companies Act 2006 and the parent and Group are considered eligible for the exemption to prepare consolidated accounts.

Intangible assets

Intangible assets are stated at cost or valuation, net of amortisation and any provision for impairment. Amortisation is provided on all intangible assets at rates to write off the cost or valuation of each asset over its expected useful life as follows:

Goodwill

0 - 10 years straight line

Tangible fixed assets

Tangible fixed assets are stated at cost or valuation, net of depreciation and any provision for impairment. Depreciation is provided on all tangible fixed assets, other than investment property and freehold land, at rates calculated to write off the cost or valuation, less estimated residual value, of each asset on a straight-line or reducing balance basis over its expected useful life, as follows:

Land and buildings	depreciated over the life of the lease
Plant and machinery etc.	15 % reducing balance
	5 years straight line

Residual value represents the estimated amount which would currently be obtained from disposal of an asset, after deducting estimated costs of disposal, if the asset were already of the age and in the condition expected at the end of its useful life.

The gain or loss arising on the disposal of an asset is determined as the difference between the sale proceeds and the carrying value of the asset, and is credited or charged to profit or loss.

Leases

The Company as lessee
Assets held under finance leases, hire purchase contracts and other similar arrangements, which confer rights and obligations similar to those attached to owned assets, are capitalised as tangible fixed assets at the fair value of the leased asset (or, if lower, the present value of the minimum lease payments as determined at the inception of the lease) and are depreciated over the shorter of the lease terms and their useful lives. The capital elements of future lease obligations are recorded as liabilities, while the interest elements are charged to the Statement of Comprehensive Income over the period of the leases to produce a constant periodic rate of interest on the remaining balance of the liability.

Rentals under operating leases are charged on a straight-line basis over the lease term, even if the payments are not made on such a basis. Benefits received and receivable as an incentive to sign an operating lease are similarly spread on a straight-line basis over the lease term.

The Company as lessor
Amounts due from lessees under finance leases are recognised as receivables at the amount of the company’s net investment in the leases. Finance lease income is allocated to accounting periods so as to reflect a constant periodic rate of return on the company’s net investment outstanding in respect of leases.

Rental income from operating leases is recognised on a straight-line basis over the term of the relevant lease. Initial direct costs incurred in negotiating and arranging an operating lease are added to the carrying amount of the leased asset and recognised on a straight-line basis over the lease term.

Financial instruments

Financial assets and financial liabilities are recognised when the Company becomes a party to the contractual provisions of the instrument.

Financial liabilities and equity instruments are classified according to the substance of the contractual arrangements entered into. An equity instrument is any contract that evidences a residual interest in the assets of the Company after deducting all of its liabilities.

Financial assets and liabilities are only offset in the Balance Sheet when, and only when there exists a legally enforceable right to set off the recognised amounts and the Company intends either to settle on a net basis, or to realise the asset and settle the liability simultaneously.

Basic financial assets
Basic financial assets, which include debtors and cash and bank balances, are initially measured at transaction price including transaction costs and are subsequently carried at amortised cost using the effective interest method 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. Financial assets classified as receivable within one year are not amortised.

Financial assets are derecognised when and only when the contractual rights to the cash flows from the financial asset expire or are settled, or the Company transfers to another party substantially all of the risks and rewards of ownership of the financial asset, or the Company, despite having retained some, but not all, significant risks and rewards of ownership, has transferred control of the asset to another party.

Basic financial liabilities
Basic financial liabilities, including creditors, bank loans, loans from fellow group companies and preference shares that are classified as debt, are initially recognised at transaction price unless the arrangement constitutes a financing transaction, where the debt instrument is measured at the present value of the future payments discounted at a market rate of interest. Financial liabilities classified as payable within one year are not amortised.

Debt instruments are subsequently carried at amortised cost, using the effective interest rate method.

Trade creditors are obligations to pay for goods or services that have been acquired in the ordinary course of business from suppliers. Amounts payable are classified as current liabilities if payment is due within one year or less. If not, they are presented as non-current liabilities. Trade creditors are recognised initially at transaction price and subsequently measured at amortised cost using the effective interest method.

Financial liabilities are derecognised when the company’s contractual obligations expire or are discharged or cancelled.

Provisions

Provisions are recognised when the Company has a present obligation (legal or constructive) as a result of a past event, it is probable that the Company will be required to settle that obligation and a reliable estimate can be made of the amount of the obligation.

The amount recognised as a provision is the best estimate of the consideration required to settle the present obligation at the Statement of Financial Position date, taking into account the risks and uncertainties surrounding the obligation. Where a provision is measured using the cash flows estimated to settle the present obligation, its carrying amount is the present value of those cash flows (when the effect of the time value of money is material).

When some or all of the economic benefits required to settle a provision are expected to be recovered from a third party, a receivable is recognised as an asset if it is virtually certain that reimbursement will be received and the amount of the receivable can be measured reliably.

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.

Valuation of investments

Investments in subsidiaries are measured at cost less accumulated impairment.

2. Prior period adjustment

The effect of the change of depreciation method on the comarative year is:

		As previously reported		Adjustment		As restated
Period ended 30 June 2024		£		£		£
Profit for the financial year		1,486,819		12,052		1,498,871
Total shareholders' funds		832,328		12,052		844,380

3. Employees

	16 month period to 31.10.2025		Year ended 30.06.2024
	Number		Number
Monthly average number of persons employed by the Company during the period, including directors	116		106

4. Intangible assets

	Goodwill		Total
	£		£
Cost
At 01 July 2024	3,211,260		3,211,260
At 31 October 2025	3,211,260		3,211,260
Accumulated amortisation
At 01 July 2024	3,211,260		3,211,260
At 31 October 2025	3,211,260		3,211,260
Net book value
At 31 October 2025	0		0
At 30 June 2024	0		0

5. Tangible assets

	Land and buildings		Plant and machinery etc.		Total
	£		£		£
Cost
At 01 July 2024	387,019		314,006		701,025
Additions	0		13,757		13,757
At 31 October 2025	387,019		327,763		714,782
Accumulated depreciation
At 01 July 2024	228,214		262,556		490,770
Charge for the financial period	50,605		16,137		66,742
At 31 October 2025	278,819		278,693		557,512
Net book value
At 31 October 2025	108,200		49,070		157,270
At 30 June 2024	158,805		51,450		210,255

6. Fixed asset investments

Investments in subsidiaries

	31.10.2025
	£
Cost
At 01 July 2024	2
At 31 October 2025	2
Carrying value at 31 October 2025	2
Carrying value at 30 June 2024	2

Investments in shares

The following was a subsidiary undertaking of the Company:

Name of entity	Registered office	Class of shares	Ownership 31.10.2025
Eclipse HR Limited	5 Eclipse Park, Sittingbourne Road, Maidstone, Kent ME14 3EN	Ordinary £1	100.00%

The capital and reserves and the loss of the subsidiary undertaking was as follows:

	Capital and reserves at 31.10.2025	Loss for the period ended 31.10.2025
	£	£
Eclipse HR Limited	(36,566)	(42,931)

7. Debtors

	31.10.2025		30.06.2024
	£		£
Trade debtors	591,931		851,751
Amounts owed by Group undertakings	132,173		32,880
Amounts recoverable on contracts	1,194,532		979,280
Prepayments	694,969		377,524
Other debtors	91,907		267,138
	2,705,512		2,508,573

8. Creditors: amounts falling due within one year

	31.10.2025		30.06.2024
	£		£
Bank loans and overdrafts	361,512		348,138
Trade creditors	50,885		52,047
Accruals	499,663		343,955
Corporation tax	286,660		297,800
Other taxation and social security	730,726		331,491
Other creditors	1,248,398		926,383
	3,177,844		2,299,814

Bank facilities are supported by a fixed and floating charge over the assets of the company, supported by personal guarantees provided by the directors amounting to £176,000 (2024:£152,000).

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

	31.10.2025		30.06.2024
	£		£
Bank loans	0		174,167
Accruals	41,855		72,295
	41,855		246,462

Accruals and deferred income represents the rent free period which is to be released over the term of the lease.

10. Deferred tax

	31.10.2025		30.06.2024
	£		£
At the beginning of financial period/year	( 44,709)		( 58,169)
Credited to the Profit and Loss Account	22,236		13,460
At the end of financial period/year	( 22,473)		( 44,709)

The deferred taxation balance is made up as follows:

	31.10.2025		30.06.2024
	£		£
Accelerated capital allowances	( 22,473)		( 37,596)
Interest deferral	0		( 7,113)
	( 22,473)		( 44,709)

11. Called-up share capital

	31.10.2025		30.06.2024
	£		£
Allotted, called-up and fully-paid
722,150 Ordinary A shares of £ 0.01 each (30.06.2024: 700,000 shares of £ 0.01 each)	7,221.50		7,000.00
Nil Ordinary B shares (30.06.2024: 1,000 shares of £ 0.01 each)	0		10.00
Nil Ordinary C shares (30.06.2024: 67,334 shares of £ 0.01 each)	0		673.00
65,650 Ordinary D shares of £ 0.01 each (30.06.2024: 1,000 shares of £ 0.01 each)	656.50		10.00
Nil Ordinary E shares (30.06.2024: 1,000 shares of £ 0.01 each)	0		10.00
Nil Ordinary F shares (30.06.2024: 40,400 shares of £ 0.01 each)	0		404.00
Nil Ordinary G shares (30.06.2024: 600 shares of £ 0.01 each)	0		6.00
Nil Ordinary H shares (30.06.2024: 1,000 shares of £ 0.01 each)	0		10.00
Nil Ordinary I shares (30.06.2024: 1,000 shares of £ 0.01 each)	0		10.00
Nil Ordinary J shares (30.06.2024: 400 shares of £ 0.01 each)	0		4.00
Nil Ordinary K shares (30.06.2024: 1,000 shares of £ 0.01 each)	0		10.00
65,650 Z1 ordinary shares of £ 0.01 each (30.06.2024: nil shares)	656.50		0
65,650 Z2 ordinary shares of £ 0.01 each (30.06.2024: nil shares)	656.50		0
65,650 Z3 ordinary shares of £ 0.01 each (30.06.2024: nil shares)	656.50		0
65,650 Z4 ordinary shares of £ 0.01 each (30.06.2024: nil shares)	656.50		0
65,650 Z5 ordinary shares of £ 0.01 each (30.06.2024: nil shares)	656.50		0
65,650 Z6 ordinary shares of £ 0.01 each (30.06.2024: nil shares)	656.50		0
59,085 Z7 ordinary shares of £ 0.01 each (30.06.2024: nil shares)	590.85		0
26,260 Z8 ordinary shares of £ 0.01 each (30.06.2024: nil shares)	262.60		0
	12,670.45		8,147.00

During the year 80,000 A 1p Ordinary shares and 200 M 1p Ordinary shares were issued for total consideration receivable of £120,000. A share premium of £119,192 was recognised in respect of these share issues.

During the year 65,650 Z1 1p Ordinary shares, 65,650 Z2 1p Ordinary shares, 65,650 Z3 1p Ordinary shares, 65,650 Z4 1p Ordinary shares, 65,650 Z5 1p Ordinary shares, 65,650 Z6 1p Ordinary shares, 59,085 Z7 1p Ordinary shares and 26,260 Z8 1p Ordinary shares were issued for total consideration receivable of £20,487. A share premium of £15,695 was recognised in respect of these share issues.

During the year 67,334 C 1p Ordinary shares and 40,400 F 1p Ordinary shares were purchased by the company for total consideration of £160,000. These shares were subsequently cancelled by the company.

During the year 64,650 A 1p Ordinary shares were reclassified as 64,650 D 1p Ordinary shares.
During the year 1,000 B 1p Ordinary shares, 1,000 E 1p Ordinary shares, 600 G 1p Ordinary shares, 1,000 H 1p Ordinary shares, 1,000 I 1p Ordinary shares, 400 J 1p Ordinary shares, 1,000 K 1p Ordinary shares and 800 M 1p Ordinary shares were reclassifed as 6,800 A 1p Ordinary shares.

The C 1p Ordinary shares and F 1p Ordinary shares carry no voting rights. All of the remaining classes of shares carry the same rights with respect to voting.

12. Financial commitments

Commitments

Total future minimum lease payments under non-cancellable operating leases are as follows:

	31.10.2025		30.06.2024
	£		£
within one year	353,528		367,405
between one and five years	493,929		966,847
Total future minimum lease payments under non-cancellable operating leases	847,457		1,334,252

13. Related party transactions

Transactions with the entity's directors

All transactions with related parties that arose during the current and prior years, including any directors' remuneration payable, were done so under normal market conditions.

Other related party transactions

At the yearend the company was owed £132,173 (2024: £32,880) by its subsidiary company, Eclipse HR Limited.

14. Loans

Analysis of the maturity of loans is given below:

	31.10.2025		30.06.2024
	£		£
Bank loans due withing one year	(286,080)		(190,000)
Bank loans due 2-5 years	0		(174,167)
	(286,080)		(364,167)

15. Ultimate controlling party

As of 28 October 2025, the ultimate controlling party is Whitehead Monckton Employee Ownership Trust.