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Registration number: 02478240

Whistlers Limited
Unaudited Filleted Financial Statements
for the Year Ended 30 September 2025

Whistlers Limited

Contents

Company Information | 1
Balance Sheet | 2
Notes to the Financial Statements | 3 to 8

Whistlers Limited

Company Information

Directors | P J Whistler J A Hurst J D Pannell S Bunce

Company secretary | J A Hurst

Registered office | Leavesden Park Suite 1 5 Hercules Way Watford Hertfordshire WD25 7GS

Accountants | Landmark Accountants Limited Leavesden Park 5 Hercules Way Watford Hertfordshire WD25 7GS

Whistlers Limited

(Registration number: 02478240)
Balance Sheet as at 30 September 2025

| Note | 2025 | 2024
|  | £ | £ | £ | £
Tangible assets | 5 |  | 104,509 |  | 74,353
Current assets |  |  |  |  |
Stocks |  | 8,250 |  | 85,319 |
Debtors | 6 | 2,360,858 |  | 2,725,480 |
Cash at bank and in hand |  | 543,495 |  | 107,859 |
|  | 2,912,603 |  | 2,918,658 |
Creditors: Amounts falling due within one year | 7 | (1,320,257) |  | (1,473,818) |
Net current assets |  |  | 1,592,346 |  | 1,444,840
Total assets less current liabilities |  |  | 1,696,855 |  | 1,519,193
Creditors: Amounts falling due after more than one year | 7 |  | (14,220) |  | -
Provisions for liabilities |  |  | (10,349) |  | -
Net assets |  |  | 1,672,286 |  | 1,519,193
Capital and reserves |  |  |  |  |
Called up share capital |  | 25,000 |  | 25,000 |
Retained earnings |  | 1,647,286 |  | 1,494,193 |
Shareholders' funds |  |  | 1,672,286 |  | 1,519,193

For the financial year ending 30 September 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 and delivered in accordance with the special provisions applicable to companies subject to the small companies regime. As permitted by section 444 (5A) of the Companies Act 2006, the directors have not delivered to the registrar a copy of the Profit and Loss Account.

Approved and authorised by the Board on 12 February 2026 and signed on its behalf by:

......................................... P J Whistler Director

Whistlers Limited

Notes to the Financial Statements for the Year Ended 30 September 2025

1 | General information

The company is a private company limited by share capital, incorporated in England and Wales.

The address of its registered office is:
Leavesden Park
Suite 1
5 Hercules Way
Watford
Hertfordshire
WD25 7GS
United Kingdom

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 smaller entities - 'The Financial Reporting Standard applicable in the United Kingdom 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.
The financial statements are prepared in sterling, which is the functional currency of the company. Monetary amounts in these financial statements are rounded to the nearest £.

Summary of disclosure exemptions

The company has taken advantage of the exemption under FRS 102 Section 1A not to disclose transactions with members of a group, being a wholly-owned subsidiary within a group.

Revenue recognition

Turnover comprises the fair value of the consideration received or receivable for the provision of services in the ordinary course of the company’s activities. Turnover is shown net of sales/value added tax, returns, rebates and discounts.
The company recognises revenue when:
The amount of revenue can be reliably measured;
it is probable that future economic benefits will flow to the entity;
and specific criteria have been met for each of the company's activities.

Tax

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

Whistlers Limited

Notes to the Financial Statements for the Year Ended 30 September 2025

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 taxable income.

Deferred tax is recognised in respect of all timing differences between taxable profits and profits reported in the financial statements.
Unrelieved tax losses and other deferred tax assets are recognised when it is probable that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits.
Deferred tax is measured using the tax rates and laws that have been enacted or substantively enacted by the reporting date and that are expected to apply to the reversal of the timing difference.

Tangible assets

Tangible assets are stated in the balance sheet at cost, less any subsequent accumulated depreciation and subsequent accumulated impairment losses.
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, other than land and properties under construction over their estimated useful lives, as follows:

Asset class | Depreciation method and rate
Fixtures and fittings | 20% reducing balance
Plant and machinery | 33.3% straight line
Motor vehicles | 25% reducing balance

Cash and cash equivalents

Cash and cash equivalents comprise cash on hand and call deposits, and other short-term highly liquid investments that are readily convertible to a known amount of cash and are subject to an insignificant risk of change in value.

Trade debtors

Trade debtors are amounts due from customers for services performed in the ordinary course of business.
Trade debtors are recognised initially at the transaction price. They are subsequently measured at amortised cost using the effective interest method, less provision for impairment. A provision for the impairment of trade debtors is established when there is objective evidence that the company will not be able to collect all amounts due according to the original terms of the receivables.

Stocks

The cost of finished goods and work in progress comprises direct materials and, where applicable, direct labour costs and those overheads that have been incurred in bringing the inventories to their present location and condition. At each reporting date, stocks are assessed for impairment. If stocks are impaired, the carrying amount is reduced to its selling price less costs to complete and sell; the impairment loss is recognised immediately in profit or loss.

Whistlers Limited

Notes to the Financial Statements for the Year Ended 30 September 2025

Trade creditors

Trade creditors are obligations to pay for goods or services that have been acquired in the ordinary course of business from suppliers. Accounts payable are classified as current liabilities if the company does not have an unconditional right, at the end of the reporting period, to defer settlement of the creditor for at least twelve months after the reporting date. If there is an unconditional right to defer settlement for at least twelve months after the reporting date, they are presented as non-current liabilities.
Trade creditors are recognised initially at the transaction price and subsequently measured at amortised cost using the effective interest method.

Borrowings

Interest-bearing borrowings are initially recorded at fair value, net of transaction costs. Interest-bearing borrowings are subsequently carried at amortised cost, with the difference between the proceeds, net of transaction costs, and the amount due on redemption being recognised as a charge to the profit and loss account over the period of the relevant borrowing.
Interest expense is recognised on the basis of the effective interest method and is included in interest payable and similar charges.
Borrowings are classified as current liabilities unless the company has an unconditional right to defer settlement of the liability for at least twelve months after the reporting date.

Leases

Leases 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 profit or loss on a straight-line basis over the period of the lease.
Leases 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 recognised at the lower of their fair value at inception of the lease and the present value of the minimum lease payments. These assets are depreciated on a straight-line basis over the shorter of the useful life of the asset and the lease term. The corresponding liability to the lessor is included in the balance sheet as a finance lease obligation.
Lease payments are apportioned between finance costs in the profit and loss account and reduction of the lease obligation so as to achieve a constant periodic rate of interest on the remaining balance of the liability.

Share capital

Ordinary shares are classified as equity. Equity instruments are measured at the fair value of the cash or other resources received or receivable, net of the direct costs of issuing the equity instruments. If payment is deferred and the time value of money is material, the initial measurement is on a present value basis.

Defined contribution pension obligation

A defined contribution plan is a pension plan under which fixed contributions are paid into a pension fund and the company has no legal or constructive obligation to pay further contributions even if the fund does not hold sufficient assets to pay all employees the benefits relating to employee service in the current and prior periods.
Contributions to defined contribution plans are recognised as employee benefit expense when they are due. If contribution payments exceed the contribution due for service, the excess is recognised as a prepayment.

Whistlers Limited

Notes to the Financial Statements for the Year Ended 30 September 2025

Financial instruments

Classification
Financial instruments are classified and accounted for, according to the substance of the contractual arrangement, as financial assets, financial liabilities or equity instruments.
Recognition and measurement
Basic financial instruments are recognised at amortised cost.

3 | Staff numbers

The average number of persons employed by the company (including directors) during the year, was 14 (2024 - 14).

4 | Profit/loss before tax

Arrived at after charging/(crediting)

| 2025 £ | 2024 £
Depreciation expense | 31,775 | 4,732

5 | Tangible assets

| Fixtures and fittings £ | Plant and machinery £ | Motor vehicles £ | Total £
Cost or valuation
At 1 October 2024 | 10,140 | 62,688 | 89,616 | 162,444
Additions | - | 5,181 | 60,934 | 66,115
Disposals | - | - | (29,616) | (29,616)
At 30 September 2025 | 10,140 | 67,869 | 120,934 | 198,943
Depreciation
At 1 October 2024 | 7,423 | 55,373 | 25,295 | 88,091
Charge for the year | 544 | 4,701 | 26,530 | 31,775
Eliminated on disposal | - | - | (25,432) | (25,432)
At 30 September 2025 | 7,967 | 60,074 | 26,393 | 94,434
Carrying amount
At 30 September 2025 | 2,173 | 7,795 | 94,541 | 104,509
At 30 September 2024 | 2,717 | 7,315 | 64,321 | 74,353

Whistlers Limited

Notes to the Financial Statements for the Year Ended 30 September 2025

6 | Debtors

| 2025 £ | 2024 £
Trade debtors | 2,278,222 | 2,502,827
Prepayments | 50,578 | 57,305
Other debtors | 32,058 | 165,348
| 2,360,858 | 2,725,480

7 | Creditors

| 2025 £ | 2024 £
Due within one year |  |
Loans and borrowings | 12,188 | 75,100
Trade creditors | 700,491 | 897,379
Taxation and social security | 545,586 | 499,818
Other creditors | 61,992 | 1,521
| 1,320,257 | 1,473,818

8 | Loans and borrowings

Non-current loans and borrowings

| 2025 £ | 2024 £
Hire purchase contracts | 14,220 | -

Current loans and borrowings

| 2025 £ | 2024 £
Bank overdrafts | - | 75,100
Hire purchase contracts | 12,188 | -
| 12,188 | 75,100

9 | Financial commitments, guarantees and contingencies

Amounts not provided for in the balance sheet

The total amount of financial commitments not included in the balance sheet is £100,890 (2024 - £195,881).

Amounts disclosed in the balance sheet

Included in the balance sheet are pensions of £10,616 (2024 - £20).

Whistlers Limited

Notes to the Financial Statements for the Year Ended 30 September 2025

10 | Related party transactions

Summary of transactions with entities with joint control or significant interest

Loans from related parties

2024 | Entities with joint control or significant influence £ | Total £
At start of period | 864,414 | 864,414
Repaid | (864,414) | (864,414)
At end of period | - | -