REGISTERED NUMBER: 00303913 (England and Wales)

UNAUDITED FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 JULY 2025

FOR

WHEATLEY & SONS LIMITED

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

4

DIRECTORS:

Mrs J B Palmer

Ms A Palmer

SECRETARY:

Mr A G Simms

REGISTERED OFFICE:

74 High Street

West Molesey

Surrey

KT8 2LY

REGISTERED NUMBER:

00303913 (England and Wales)

ACCOUNTANTS:

LFM

Chartered Certified Accountants

The Stables

23b Lenten Street

Alton

Hampshire

GU34 1HG

FIXED ASSETS

Tangible assets

4

148,272

157,083

CURRENT ASSETS

Stocks

8,498

1,022,847

Debtors

5

65,910

71,549

Cash at bank and in hand

1,793,179

581,937

1,867,587

1,676,333

CREDITORS

Amounts falling due within one year

6

209,020

257,033

NET CURRENT ASSETS

1,658,567

1,419,300

TOTAL ASSETS LESS CURRENT LIABILITIES

1,806,839

1,576,383

PROVISIONS FOR LIABILITIES

-

940

NET ASSETS

1,806,839

1,575,443

CAPITAL AND RESERVES

Called up share capital

1,005

1,005

Share premium

40

40

Retained earnings

1,805,794

1,574,398

SHAREHOLDERS' FUNDS

1,806,839

1,575,443

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 July 2025.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 July 2025 in accordance with Section 476 of the Companies Act 2006.

The directors acknowledge their responsibilities for:

(a)	ensuring that the company keeps accounting records which comply with Sections 386 and 387 of the Companies Act 2006 and

(b)

preparing financial statements which give a true and fair view of the state of affairs of the company as at the end of each financial year and of its profit or loss for each financial year in accordance with the requirements of Sections 394 and 395 and which otherwise comply with the requirements of the Companies Act 2006 relating to financial statements, so far as applicable to the company.

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

In accordance with Section 444 of the Companies Act 2006, the Income Statement has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 24 April 2026 and were signed on its behalf by:

Mrs J B Palmer - Director

1.	STATUTORY INFORMATION

Wheatley & Sons Limited is a private company, limited by shares , registered in England and Wales. The company's registered number and registered office address can be found on the Company Information page.

2.	ACCOUNTING POLICIES

Basis of preparing the financial statements

These financial statements have been prepared in accordance with Financial Reporting Standard 102 "The Financial Reporting Standard applicable in the UK and Republic of Ireland" including the provisions of Section 1A "Small Entities" and the Companies Act 2006. The financial statements have been prepared under the historical cost convention.

Turnover

Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes.

Tangible fixed assets

Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.

Land and buildings

-

1% on cost

Plant and machinery etc

-

20% on reducing balance and 10% on reducing balance

Stocks

Work in progress is valued at the lower of cost and net realisable value.

Cost is calculated using the first-in, first-out method and includes all purchase, transport, and handling costs in bringing stocks to their present location and condition.

Taxation

Taxation for the year comprises current and deferred tax. Tax is recognised in the Income Statement, except to the extent that it relates to items recognised in other comprehensive income or directly in equity.

Current or deferred taxation assets and liabilities are not discounted.

Current tax is recognised at the amount of tax payable using the tax rates and laws that have been enacted or substantively enacted by the balance sheet date.

Deferred tax

Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the balance sheet date.

Timing differences arise from the inclusion of income and expenses in tax assessments in periods different from those in which they are recognised in financial statements. Deferred tax is measured using tax rates and laws that have been enacted or substantively enacted by the year end and that are expected to apply to the reversal of the timing difference.

Unrelieved tax losses and other deferred tax assets are recognised only to the extent that it is probable that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits.

Hire purchase and leasing commitments

Rentals paid under operating leases are charged to profit or loss on a straight line basis over the period of the lease.

Pension costs and other post-retirement benefits

The company operates a defined contribution pension scheme. Contributions payable to the company's pension scheme are charged to profit or loss in the period to which they relate.

3.	EMPLOYEES AND DIRECTORS

The average number of employees during the year was 5 (2024 - 6 ) .

4.	TANGIBLE FIXED ASSETS

Plant and

Land and

machinery

buildings

etc

Totals

£

£

£

COST

At 1 August 2024

147,284

187,389

334,673

Additions

-

332

332

Disposals

-

(11,250

)

(11,250

)

At 31 July 2025

147,284

176,471

323,755

DEPRECIATION

At 1 August 2024

26,116

151,474

177,590

Charge for year

1,473

6,897

8,370

Eliminated on disposal

-

(10,477

)

(10,477

)

At 31 July 2025

27,589

147,894

175,483

NET BOOK VALUE

At 31 July 2025

119,695

28,577

148,272

At 31 July 2024

121,168

35,915

157,083

5.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2025

2024

£

£

Trade debtors

31,264

38,949

Other debtors

34,646

32,600

65,910

71,549

6.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2025

2024

£

£

Trade creditors

47,875

61,407

Taxation and social security

96,714

28,890

Other creditors

64,431

166,736

209,020

257,033

7.	ULTIMATE CONTROLLING PARTY

No individual has ultimate control of the company.