Whitley Business Services Limited Filleted accounts for Companies House (small and micro)

COMPANY REGISTRATION NUMBER: 11021685

WHITLEY BUSINESS SERVICES LIMITED

FILLETED UNAUDITED FINANCIAL STATEMENTS

31 March 2025

WHITLEY BUSINESS SERVICES LIMITED

FINANCIAL STATEMENTS

YEAR ENDED 31st MARCH 2025

CONTENTS	PAGES

Statement of financial position	1 to 2

Notes to the financial statements	3 to 6

WHITLEY BUSINESS SERVICES LIMITED

STATEMENT OF FINANCIAL POSITION

31 March 2025

	2025		2024
Note	£	£	£	£

FIXED ASSETS

Tangible assets	5		28		67

CURRENT ASSETS

Debtors	6	1,530	2,866
Cash at bank and in hand		1,043	350
		-------	-------
		2,573	3,216

CREDITORS: amounts falling due within one year	7	5,470		2,988
		-------		-------
NET CURRENT (LIABILITIES)/ASSETS			( 2,897)		228
			-------		----
TOTAL ASSETS LESS CURRENT LIABILITIES			( 2,869)		295
			-------		----
NET (LIABILITIES)/ASSETS			( 2,869)		295
			-------		----

CAPITAL AND RESERVES

Called up share capital	8	100	100
Profit and loss account		( 2,969)	195
		-------	----
SHAREHOLDERS (DEFICIT)/FUNDS		( 2,869)	295
		-------	----

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 income and retained earnings has not been delivered.

For the year ending 31st March 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 her responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of financial statements .

WHITLEY BUSINESS SERVICES LIMITED

STATEMENT OF FINANCIAL POSITION (continued)

31 March 2025

These financial statements were approved by the board of directors and authorised for issue on 19 December 2025 , and are signed on behalf of the board by:

Mrs C. I. Matthews
Director

Company registration number: 11021685

WHITLEY BUSINESS SERVICES LIMITED

NOTES TO THE FINANCIAL STATEMENTS

YEAR ENDED 31st MARCH 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 The Old Post Office, 63 Saville Street, North Shields, Tyne and Wear, NE30 1AY, England.

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. The financial statements are prepared in sterling, which is the functional currency of the entity. Monetary amounts in these financial statements are rounded to the nearest £.

Going concern

The financial statements have been prepared on the going concern basis. The director considers that this basis is appropriate following due consideration of the present financial position, the expected prospects of the company during the twelve months from the date of approval of these financial statements and the continued support of the company's director, bankers and other lending agents during this time.

Revenue recognition

Turnover is measured at the fair value of the consideration received or receivable and represents amounts receivable for services rendered, stated net of discounts.

Taxation

The taxation expense represents the aggregate amount of current 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. 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.

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:

	Computer equipment	-	33% straight line

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.

4. EMPLOYEE NUMBERS

The average number of persons employed by the company during the year amounted to 1 (2024: 1 ).

5. TANGIBLE ASSETS

	Computer equipment
	£
Cost
At 1st April 2024 and 31st March 2025	768
	----
Depreciation
At 1st April 2024	701
Charge for the year	39
	----
At 31st March 2025	740
	----
Carrying amount
At 31st March 2025	28
	----
At 31st March 2024	67
	----

6. DEBTORS

	2025	2024
	£	£
Prepayments	95	81
Corporation tax repayable	732	–
Director's loan account	–	2,082
S455 tax recoverable	703	703
	-------	-------
	1,530	2,866
	-------	-------

7. CREDITORS: amounts falling due within one year

	2025	2024
	£	£
Accruals	1,938	996
Corporation tax	–	1,992
Director loan accounts	3,532	–
	-------	-------
	5,470	2,988
	-------	-------

8. CALLED UP SHARE CAPITAL

Issued, called up and fully paid

	2025		2024
	No.	£	No.	£
Ordinary shares of £ 1 each	100	100	100	100
	----	----	----	----

9. DIRECTOR'S ADVANCES, CREDITS AND GUARANTEES

During the year the director entered into the following advances and credits with the company:

	2025
	Balance brought forward	Advances/ (credits) to the director	Amounts repaid	Balance outstanding
	£	£	£	£
Mrs C. I. Matthews	2,082	4,156	( 9,770)	( 3,532)
	-------	-------	-------	-------

	2024
	Balance brought forward	Advances/ (credits) to the director	Amounts repaid	Balance outstanding
	£	£	£	£
Mrs C. I. Matthews	( 3,944)	21,300	( 15,274)	2,082
	-------	---------	---------	-------

10. RELATED PARTY TRANSACTIONS

No transactions with related parties were undertaken such as are required to be disclosed under FRS 102 Section 1A small entities.