Accounts


01 December 201530 November 2016No principle activity is included098652222015-12-01098652222016-11-30098652222015-12-012016-11-3009865222uk-core:WithinOneYear2016-11-3009865222uk-core:ShareCapital2016-11-3009865222uk-core:RetainedEarningsAccumulatedLosses2016-11-3009865222uk-bus:Director12015-12-012016-11-3009865222uk-bus:RegisteredOffice2015-12-012016-11-3009865222uk-curr:PoundSterling2015-12-012016-11-3009865222uk-core:PlantMachinery2015-12-012016-11-3009865222uk-core:Vehicles2015-12-012016-11-3009865222uk-core:FurnitureFittings2015-12-012016-11-3009865222uk-core:OfficeEquipment2015-12-012016-11-3009865222uk-core:FurnitureFittingsToolsEquipment2015-12-012016-11-3009865222uk-core:FurnitureFittingsToolsEquipment2016-11-3009865222uk-bus:FRS1022015-12-012016-11-3009865222uk-bus:FullAccounts2015-12-012016-11-3009865222uk-bus:AuditExempt-NoAccountantsReport2015-12-012016-11-3009865222uk-bus:PrivateLimitedCompanyLtd2015-12-012016-11-30iso4217:GBPxbrli:pure
   
   
   
   
   
   
   
   
   
   
   
   
   
   
   
   
   
   
  WHITEHALL EASTON LTD
   
   
   
  UNAUDITED FINANCIAL STATEMENTS
   
   
  FOR THE YEAR ENDED 30 NOVEMBER 2016
   
   
   
   
   
   
   
   
   
   
   
   
   
   
   
   
   
   
   
   
   
   
   
   
   
   
   
   
   
   
  WHITEHALL EASTON LTD
  FINANCIAL STATEMENTS
  FOR THE YEAR ENDED 30 NOVEMBER 2016
       
       
  DIRECTORS
       
  A Mansoor
       
       
  REGISTERED OFFICE
       
  123 Fishponds Road
Bristol
BS5 6PR
       
       
  COMPANY REGISTERED NUMBER
       
  09865222
       
       
  BANKERS
       
  HSBC
       
       
  SOLICITORS
       
  Wright Hassal & Co.
       
       
  ACCOUNTANTS
       
  Adam House
  Chartered Accountants
  123 Fishponds Road, Bristol BS5 6PR
       
       
  CONTENTS
       
  Pages
       
       
  2 Statement of Financial Position  
       
       
  3-6 Notes to the Financial Statements  
       
     
  page 1
  WHITEHALL EASTON LTD
  Company registered number: 09865222
  STATEMENT OF FINANCIAL POSITION AT 30 November 2016
         
    Note 2016
      £ £
  FIXED ASSETS
  Property, plant and equipment 6,020
  CURRENT ASSETS    
  Inventories   27,066
  Cash at bank and in hand   2,897
      29,963
  CREDITORS: Amounts falling due within one year   44,871
  NET CURRENT LIABILITIES   (14,908)
  NET LIABILITIES   8,888)
       
  CAPITAL AND RESERVES
  Called up share capital   2
  Retained earnings   (8,890)
  SHAREHOLDERS' FUNDS   8,888)
       
       
       
  In approving these financial statements as directors of the company we hereby confirm the following:
       
  For the year in question the company was entitled to exemption under section 477 of the Companies Act 2006 relating to small companies.
       
  The members have not required the company to obtain an audit of its financial statements for the year ended 30 November 2016 in accordance with section 476 of the Companies Act 2006.
       
  The directors acknowledge their responsibilities for: 1) ensuring that the company keeps accounting records which comply with Sections 386 and 386 of the Companies Act 2006, and 2) preparing financial statements that give a true and fair view of the state of affairs of the company at at the end of each financial year and of its profit or loss for the 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 the financial statements, so far as they are applicable to the company.
 
 
  These financial statements have been prepared and delivered in accordance with the provisions of Part 15 of the Companies Act 2006 relating to small companies
       
  In accordance with Section 444 of the Companies Act 2006, the Income Statement has not been delivered.
       
  The financial statements were approved and authorised for issue by the board of directors on 09 August 2017
 
  Signed on behalf of the board of directors
 
 
       
  A Mansoor, Director
       
       
  The notes on pages 3-6 form part of these financial statements
   
  page 2
  WHITEHALL EASTON LTD
  NOTES TO THE ACCOUNTS
  FOR THE YEAR ENDED 30 NOVEMBER 2016
     
 
1. SIGNIFICANT ACCOUNTING POLICIES
     
       
1a. Statement of compliance
       
  Whitehall Easton Ltd is a private limited company incorporated in England and Wales.
       
  Registered office:
  123 Fishponds Road
Bristol
BS5 6PR
  These financial statements are the first financial statements that comply with FRS 102. The date of transition is 1 December 2015.
       
  The transition to FRS 102 has resulted in a small number of changes in accounting policies to those used previously. The nature of these changes and their impact on opening equity and profit for the comparative period are explained in notes and below. These financial statements have been prepared in accordance with the provisions of Section 1A of Financial Reporting Standard 102 "The Financial Reporting Standard applicable in the UK and Republic of Ireland" and the Companies Act 2006.
       
 
       
  Basis of accounting
       
 
  The financial statements have been prepared under the historical cost convention. The presentation currency is £ sterling.
       
1c. Revenue recognition
       
  Income is recognised when goods have been delivered to customers such that risks and rewards of ownership have transferred to them.
       
1d. Borrowing costs
       
  Borrowing costs directly attributable to the acquisition, construction or production of qualifying assets, which are assets that necessarily take a substantial period of time to get ready for their intended use or sale, are added to the cost of those assets, until such time as the assets are substantially ready for their intended use or sale. Investment income earned on the temporary investment of specific borrowings pending their expenditure on qualifying assets is deducted from the borrowing costs eligible for capitalisation. All other borrowing costs are recognised in profit or loss in the period in which they are incurred.
       
 
       
1e. Taxation
       
       
  Current or deferred tax for the year is recognised in profit or loss, except when they relate to items that are recognised in other comprehensive income or directly in equity, in which case, the current and deferred tax is also recognised in other comprehensive income or directly in equity respectively.
  The notes on pages 3-6 form part of these financial statements
   
  page 3
  WHITEHALL EASTON LTD
  NOTES TO THE ACCOUNTS (CONT.)
  FOR THE YEAR ENDED 30 NOVEMBER 2016
     
 
1. SIGNIFICANT ACCOUNTING POLICIES (CONT.)
       
1f. Property, plant and equipment
       
  Depreciation is provided, after taking account of any grants receivable, at the following annual rates in order to write off each asset over its estimated useful life.
       
  Plant and machinery Reducing balance 25%  
  Vehicles Reducing balance 25%  
  Fixtures and fittings Reducing balance 15%  
  Equipment Reducing balance 15%  
       
1g. Inventories
       
  Stocks are stated at the lower of cost and net realisable value. Cost includes all costs incurred in bringing each product to its present location and condition.
       
       
1h. Short term debtors and creditors
       
  Debtors and creditors receivable or payable within one year are recorded at transaction price. Any losses arising from impairment are recognised in profit and loss.
       
       
1i. Cash and cash equivalents
       
  Cash and cash equivalents comprise cash at bank and on hand, demand deposits with banks and other short-term highly liquid investments with original maturities of three months or less and bank overdrafts. In the statement of financial position, bank overdrafts are shown within borrowings or current liabilities. For the purpose of statement of cash flows, bank overdrafts which are repayable on demand form an integral part of the Company's cash management are included as a component of cash and cash equivalents.
       
 
       
1j. Interest bearing borrowings
       
  All interest-bearing loans and borrowings which are basic financial instruments are initially recognised at the present value of cash payable to the bank (including interest). After initial recognition they are measured at amortised cost using the effective interest rate method, less impairment. Any difference between the amount initially recognised and redemption value is recognised in profit and loss together with any interest and fees payable.
       
       
1k. Leased assets
       
  Assets held under finance leases, which are leases where substantially all the risks and rewards of ownership of the asset have passed to the Company are capitalised in the balance sheet and are depreciated over the shorter of the lease term and the asset's useful life. A corresponding liability is recognised for the lower of the fair value of the leased asset and the present value of the minimum lease payments in the balance sheet. Lease payments are apportioned between the reduction of the lease liability and finance charges in the income statement so as to achieve a constant rate of interest on the remaining balance of the liability. Rentals payable under operating leases are charged in the profit and loss account on a straight line basis over the lease term. Lease incentives are recognised over the lease term on a straight line basis.
       
 
       
  The notes on pages 3-6 form part of these financial statements
   
  page 4
  WHITEHALL EASTON LTD
  NOTES TO THE ACCOUNTS (CONT.)
  FOR THE YEAR ENDED 30 NOVEMBER 2016
     
 
1. SIGNIFICANT ACCOUNTING POLICIES (CONT.)
       
1l. Foreign currencies
       
  Transactions in foreign currencies are initially recorded in the entity’s functional currency by applying the spot exchange rate ruling at the date of the transaction. Monetary assets and liabilities denominated in foreign currencies are retranslated at the rate of exchange ruling at the balance sheet date. All differences are taken to the profit and loss account.
       
       
1m. Employee benefits
       
  The obligations for contributions to defined contribution scheme are recognised as an expense as incurred. The assets of the scheme are held separately from those of the Company in an independent administered fund.
       
       
1n. Discontinued operations
       
  A discontinued operation is a component of the Company's business, the operations and cash flows of which can be clearly distinguished from the rest of the Company and which represents a separate major line of business or geographical area of operations, or is part of a signal coordinated disposal of a separate major line of business or geographical area of operations, or is a subsidiary acquired exclusively with a review to resale.
       
       
1o. Provisions
       
  Provisions are recognised when the Company has a present legal or constructive obligation arising as a result of a past event, it is probable that an outflow of economic benefits will be required to settle the obligation and a reliable estimate can be made. Provisions are measured at the present value of the expenditures expected to be required to settle the obligation using a pre-tax rate that reflects current market assessments of the time value of money and the risks specific to the obligation. The increase in the provision due to passage of time is recognised as interest expense.
       
       
1p. Judgements and key sources of estimation uncertainty
       
  In the application of the Company's accounting policies, management is required to make judgements, estimates and assumptions about the carrying values of assets and liabilities that are not readily apparent from other sources. The estimates and underlying assumptions are based on historical experience and other factors that are considered to be relevant. Actual results may differ from these estimates. The estimates and underlying assumptions are reviewed on an ongoing basis. Revisions to accounting estimates are recognised in the period in which the estimate is revised if the revision affects only that period, or in the period of the revision and future periods if the revision affects both current and future periods. The key sources of estimation uncertainty that have a significant effect on the amounts recognised in the financial statements are described below:
       
 
       
 
       
     
     
2. DIRECTORS AND EMPLOYEES
     
  The average weekly number of employees during the year were as follows:
    2016
    No.
   
  The notes on pages 3-6 form part of these financial statements
   
  page 5
  WHITEHALL EASTON LTD
  NOTES TO THE ACCOUNTS (CONT.)
  FOR THE YEAR ENDED 30 NOVEMBER 2016
       
3. PROPERTY, PLANT AND EQUIPMENT
    Fixtures &  
    Equipment Total
    £ £
  Cost
       
  Additions other than through business combinations 7,083 7,083
       
  At 30 November 2016 7,083 7,083
   
  Depreciation
       
  For the year 1,063 1,063
  At 30 November 2016 1,063 1,063
   
  Net Book Amounts
       
  At 30 November 2016 6,020 6,020
   
     
     
4. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
    2016
    £
  Trade creditors 18,664
  Other taxes and social security 457
  Other creditors 25,750
    £44,871
   
     
     
  The notes on pages 3-6 form part of these financial statements
   
  page 6