REGISTERED NUMBER: 07885162 (England and Wales)

UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31ST DECEMBER 2025

FOR

WHITWAM LIMITED

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

4

DIRECTORS:

A H Ross

A V Pymm

D V Harding

REGISTERED OFFICE:

Unit 2 Moorside Business Park

Moorside Road

Winchester

Hampshire

SO23 7RX

REGISTERED NUMBER:

07885162 (England and Wales)

ACCOUNTANTS:

Martin and Company

25 St Thomas Street

Winchester

Hampshire

SO23 9HJ

FIXED ASSETS

Intangible assets

3

78,125

90,625

Tangible assets

4

168,543

97,174

246,668

187,799

CURRENT ASSETS

Stocks

5

170,838

201,412

Debtors

6

266,425

410,046

Cash at bank and in hand

569,316

426,853

1,006,579

1,038,311

CREDITORS

Amounts falling due within one year

7

499,973

529,631

NET CURRENT ASSETS

506,606

508,680

TOTAL ASSETS LESS CURRENT LIABILITIES

753,274

696,479

CREDITORS

Amounts falling due after more than one year

8

(63,193

)

-

PROVISIONS FOR LIABILITIES

(41,166

)

(23,123

)

NET ASSETS

648,915

673,356

CAPITAL AND RESERVES

Called up share capital

1,000

1,000

Retained earnings

647,915

672,356

SHAREHOLDERS' FUNDS

648,915

673,356

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

The members have not required the company to obtain an audit of its financial statements for the year ended 31st December 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 Statement of Income and Retained Earnings has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 13th August 2026 and were signed on its behalf by:

A H Ross - Director

1.	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.

Goodwill

Goodwill, being the amount paid in connection with the acquisition of a business in 2012, is being amortised evenly over its estimated useful life of twenty years.

Intangible assets

Intangible assets are initially measured at cost. After initial recognition, intangible assets are measured at cost less any accumulated amortisation and any accumulated impairment losses.

Tangible fixed assets

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

Improvements to property

-

20% on reducing balance

Hire equipment

-

33% on reducing balance

Fixtures and fittings

-

20% on reducing balance

Motor vehicles

-

25% on reducing balance

Computer equipment

-

33% on reducing balance

Stocks

Stocks are valued at the lower of cost and net realisable value, after making due allowance for obsolete and slow moving items.

Taxation

Taxation for the year comprises current and deferred tax. Tax is recognised in the Statement of Income and Retained Earnings, 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.

2.	EMPLOYEES AND DIRECTORS

The average number of employees during the year was 18 (2024 - 18 ) .

3.	INTANGIBLE FIXED ASSETS

Goodwill

£

COST

At 1st January 2025

and 31st December 2025

250,000

AMORTISATION

At 1st January 2025

159,375

Charge for year

12,500

At 31st December 2025

171,875

NET BOOK VALUE

At 31st December 2025

78,125

At 31st December 2024

90,625

4.	TANGIBLE FIXED ASSETS

Improvements

Fixtures

to

Hire

and

property

equipment

fittings

£

£

£

COST

At 1st January 2025

43,718

-

15,047

Additions

-

132,988

5,365

Disposals

-

-

-

At 31st December 2025

43,718

132,988

20,412

DEPRECIATION

At 1st January 2025

15,739

-

12,184

Charge for year

5,595

44,329

1,645

Eliminated on disposal

-

-

-

At 31st December 2025

21,334

44,329

13,829

NET BOOK VALUE

At 31st December 2025

22,384

88,659

6,583

At 31st December 2024

27,979

-

2,863

Motor

Computer

vehicles

equipment

Totals

£

£

£

COST

At 1st January 2025

119,913

151,528

330,206

Additions

-

3,303

141,656

Disposals

-

(2,313

)

(2,313

)

At 31st December 2025

119,913

152,518

469,549

DEPRECIATION

At 1st January 2025

97,368

107,741

233,032

Charge for year

5,637

11,346

68,552

Eliminated on disposal

-

(578

)

(578

)

At 31st December 2025

103,005

118,509

301,006

NET BOOK VALUE

At 31st December 2025

16,908

34,009

168,543

At 31st December 2024

22,545

43,787

97,174

5.

STOCKS

2025

2024

£

£

Stocks

170,838

201,412

6.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2025

2024

£

£

Trade debtors

187,542

316,075

Directors' loan accounts

-

1

Prepayments and accrued income

78,883

93,970

266,425

410,046

7.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2025

2024

£

£

Hire purchase contracts

34,469

-

Trade creditors

112,336

76,856

Amounts owed to group undertakings

66,100

48,100

Tax

40,519

14,136

Social security and other taxes

21,238

32,617

VAT

91,410

90,614

Other creditors

32,859

11,848

Directors' loan accounts

47,000

-

Accruals and deferred income

54,042

255,460

499,973

529,631

8.

CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR

2025

2024

£

£

Hire purchase contracts

63,193

-

9.	RELATED PARTY DISCLOSURES

During the year the company paid rent on a commercial basis to Whitwam Holdings Limited which amounted to £77,000 (2024; £77,000). At the year end there is a balance owed to Whitwam Holdings Limited of £66,100 (2024; £48,100).