Whitmores Ltd. - Accounts to registrar (filleted) - small 18.2

REGISTERED NUMBER: 04448167 (England and Wales)

Unaudited Financial Statements for the Year Ended 31 May 2019

for

Whitmores Ltd.

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

4

DIRECTORS:

B W Whitmore

C B Whitmore

SECRETARY:

C B Whitmore

REGISTERED OFFICE:

2-4 Bridge Street

Polesworth

Tamworth

Staffordshire

B78 1DT

REGISTERED NUMBER:

04448167 (England and Wales)

FIXED ASSETS

Intangible assets

4

-

-

Tangible assets

5

16,615

17,350

16,615

17,350

CURRENT ASSETS

Stocks

32,255

31,846

Debtors

6

2,655

2,540

Cash at bank and in hand

2,855

6,299

37,765

40,685

CREDITORS

Amounts falling due within one year

7

129,874

109,671

NET CURRENT LIABILITIES

(92,109

)

(68,986

)

TOTAL ASSETS LESS CURRENT LIABILITIES

(75,494

)

(51,636

)

CAPITAL AND RESERVES

Called up share capital

2

2

Retained earnings

(75,496

)

(51,638

)

SHAREHOLDERS' FUNDS

(75,494

)

(51,636

)

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 May 2019.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 May 2019 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 on 20 February 2020 and were signed on its behalf by:

C B Whitmore - Director

B W Whitmore - Director

1.	STATUTORY INFORMATION

Whitmores Ltd. 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.

The accounts are prepared on a going concern basis of accounting due to the continued support of the directors.

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 is being amortised evenly over its estimated useful life of ten 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.

Plant and machinery etc

-

25% on cost and 25% 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 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.

Pension costs

Contributions payable to defined contribution schemes are charged against profits as they fall due.

3.	EMPLOYEES AND DIRECTORS

The average number of employees during the year was 19 (2018 - 21 ) .

4.	INTANGIBLE FIXED ASSETS

Goodwill

£

COST

At 1 June 2018

and 31 May 2019

15,000

AMORTISATION

At 1 June 2018

and 31 May 2019

15,000

NET BOOK VALUE

At 31 May 2019

-

At 31 May 2018

-

5.	TANGIBLE FIXED ASSETS

Plant and

machinery

etc

£

COST

At 1 June 2018

88,595

Additions

4,073

At 31 May 2019

92,668

DEPRECIATION

At 1 June 2018

71,245

Charge for year

4,808

At 31 May 2019

76,053

NET BOOK VALUE

At 31 May 2019

16,615

At 31 May 2018

17,350

6.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31.5.19

31.5.18

£

£

Other debtors

2,655

2,540

7.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31.5.19

31.5.18

£

£

Trade creditors

33,424

40,046

Taxation and social security

2,569

1,670

Other creditors

93,881

67,955

129,874

109,671

8.	ULTIMATE CONTROLLING PARTY

The company is controlled by directors, Mr B Whitmore & Mr C B Whitmore who each own 50% of the issued

share capital of the company.