P.D. & L.F. Whitaker Supermarkets Limite - Accounts to registrar (filleted) - small 18.2
P.D. & L.F. Whitaker Supermarkets Limite - Accounts to registrar (filleted) - small 18.2
| REGISTERED NUMBER: |
| P.D. & L.F. WHITAKER SUPERMARKETS |
| LIMITED |
| UNAUDITED FINANCIAL STATEMENTS |
| FOR THE YEAR ENDED |
| 5TH JANUARY 2021 |
| P.D. & L.F. WHITAKER SUPERMARKETS |
| LIMITED (REGISTERED NUMBER: 02279312) |
| CONTENTS OF THE FINANCIAL STATEMENTS |
| FOR THE YEAR ENDED 5TH JANUARY 2021 |
| Page |
| Company Information | 1 |
| Balance Sheet | 2 |
| Notes to the Financial Statements | 4 |
| P.D. & L.F. WHITAKER SUPERMARKETS |
| LIMITED |
| COMPANY INFORMATION |
| FOR THE YEAR ENDED 5TH JANUARY 2021 |
| DIRECTORS: |
| SECRETARY: |
| REGISTERED OFFICE: |
| REGISTERED NUMBER: |
| ACCOUNTANTS: |
| Chartered Certified Accountants |
| 80 West View |
| Barlby Road |
| Selby |
| North Yorkshire |
| YO8 5BD |
| BANKERS: |
| Parliament Street |
| York |
| North Yorkshire |
| YO1 1XD |
| P.D. & L.F. WHITAKER SUPERMARKETS |
| LIMITED (REGISTERED NUMBER: 02279312) |
| BALANCE SHEET |
| 5TH JANUARY 2021 |
| 2021 | 2020 |
| Notes | £ | £ |
| FIXED ASSETS |
| Intangible assets | 4 |
| Tangible assets | 5 |
| CURRENT ASSETS |
| Stocks | 6 |
| Debtors | 7 |
| Cash at bank and in hand |
| CREDITORS |
| Amounts falling due within one year | 8 | ( |
) | ( |
) |
| NET CURRENT ASSETS |
| TOTAL ASSETS LESS CURRENT LIABILITIES |
| PROVISIONS FOR LIABILITIES | ( |
) | ( |
) |
| NET ASSETS |
| CAPITAL AND RESERVES |
| Called up share capital |
| Retained earnings |
| SHAREHOLDERS' FUNDS |
| 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. |
| P.D. & L.F. WHITAKER SUPERMARKETS |
| LIMITED (REGISTERED NUMBER: 02279312) |
| BALANCE SHEET - continued |
| 5TH JANUARY 2021 |
| In accordance with Section 444 of the Companies Act 2006, the Profit and loss account has not been delivered. |
| The financial statements were approved by the Board of Directors and authorised for issue on |
| P.D. & L.F. WHITAKER SUPERMARKETS |
| LIMITED (REGISTERED NUMBER: 02279312) |
| NOTES TO THE FINANCIAL STATEMENTS |
| FOR THE YEAR ENDED 5TH JANUARY 2021 |
| 1. | STATUTORY INFORMATION |
| P.D. & L.F. Whitaker Supermarkets Limited is a |
| 2. | ACCOUNTING POLICIES |
| Basis of preparing the financial statements |
| 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 |
| Fixtures & equipment | - |
| 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 Profit and loss account, 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. |
| 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. |
| P.D. & L.F. WHITAKER SUPERMARKETS |
| LIMITED (REGISTERED NUMBER: 02279312) |
| NOTES TO THE FINANCIAL STATEMENTS - continued |
| FOR THE YEAR ENDED 5TH JANUARY 2021 |
| 3. | EMPLOYEES AND DIRECTORS |
| The average number of employees during the year was |
| 4. | INTANGIBLE FIXED ASSETS |
| Although the value of Intangible assets is shown as nil, the directors are of the view that the value of |
| Goodwill in the business is substantial. The cost price (which has been amortised) was £46,000 |
| but the true value is considered to be much higher. |
| 5. | TANGIBLE FIXED ASSETS |
| Fixtures |
| & equipment |
| £ |
| COST |
| At 6th January 2020 |
| Additions |
| At 5th January 2021 |
| DEPRECIATION |
| At 6th January 2020 |
| Charge for year |
| At 5th January 2021 |
| NET BOOK VALUE |
| At 5th January 2021 |
| At 5th January 2020 |
| 6. | STOCKS |
| 2021 | 2020 |
| £ | £ |
| Stocks |
| 7. | DEBTORS |
| 2021 | 2020 |
| £ | £ |
| Amounts falling due within one year: |
| Trade debtors |
| Other debtors |
| P.D. & L.F. WHITAKER SUPERMARKETS |
| LIMITED (REGISTERED NUMBER: 02279312) |
| NOTES TO THE FINANCIAL STATEMENTS - continued |
| FOR THE YEAR ENDED 5TH JANUARY 2021 |
| 7. | DEBTORS - continued |
| 2021 | 2020 |
| £ | £ |
| Amounts falling due after more than one year: |
| Other debtors |
| Aggregate amounts |
| 8. | CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR |
| 2021 | 2020 |
| £ | £ |
| Trade creditors |
| Taxation and social security |
| Other creditors |
| 9. | LEASING AGREEMENTS |
| Minimum lease payments under non-cancellable operating leases fall due as follows: |
| 2021 | 2020 |
| £ | £ |
| Within one year |
| Between one and five years |
| 10. | DIRECTORS' ADVANCES, CREDITS AND GUARANTEES |
| The following advances and credits to directors subsisted during the years ended 5th January 2021 and 5th January 2020: |
| 2021 | 2020 |
| £ | £ |
| Balance outstanding at start of year |
| Amounts advanced |
| Amounts repaid |
| Amounts written off | - | - |
| Amounts waived | - | - |
| Balance outstanding at end of year |
| P.D. & L.F. WHITAKER SUPERMARKETS |
| LIMITED (REGISTERED NUMBER: 02279312) |
| NOTES TO THE FINANCIAL STATEMENTS - continued |
| FOR THE YEAR ENDED 5TH JANUARY 2021 |
| 10. | DIRECTORS' ADVANCES, CREDITS AND GUARANTEES - continued |
| Balance outstanding at start of year |
| Amounts advanced |
| Amounts repaid |
| Amounts written off | - | - |
| Amounts waived | - | - |
| Balance outstanding at end of year |
| Advances are repayable on demand. |
| 11. | RELATED PARTY DISCLOSURES |
| During the year, total dividends of £108,300 were paid to the directors . |