White Rabbit Distribution Limited - Accounts to registrar (filleted) - small 18.2

REGISTERED NUMBER: 08515810 (England and Wales)

Unaudited Financial Statements

For The Year Ended

31 May 2018

for

WHITE RABBIT DISTRIBUTION LIMITED

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

3

Chartered Certified Accountants' Report

5

DIRECTORS:

Mr G K Barke

Miss S J Fairbrother

REGISTERED OFFICE:

32 Zetland Street

Chorlton cum Hardy

Manchester

Greater Manchester

M21 8TH

REGISTERED NUMBER:

08515810 (England and Wales)

ACCOUNTANTS:

Leavitt Walmsley Associates Limited

Chartered Certified Accountants

8 Eastway

Sale

Cheshire

M33 4DX

FIXED ASSETS

Intangible assets

4

3,926

-

CURRENT ASSETS

Stocks

5

1,097

3,672

Debtors

6

1,278

691

Cash in hand

39

-

2,414

4,363

CREDITORS

Amounts falling due within one year

7

74,968

61,466

NET CURRENT LIABILITIES

(72,554

)

(57,103

)

TOTAL ASSETS LESS CURRENT LIABILITIES

(68,628

)

(57,103

)

CAPITAL AND RESERVES

Called up share capital

1

1

Retained earnings

(68,629

)

(57,104

)

SHAREHOLDERS' FUNDS

(68,628

)

(57,103

)

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 May 2018.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 May 2018 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 of Part 15 of the Companies Act 2006 relating to small companies.

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 on 20 February 2019 and were signed on its behalf by:

Miss S J Fairbrother - Director

1.	STATUTORY INFORMATION

White Rabbit Distribution 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.

The presentation currency of the financial statements is the Pound Sterling (£).

2.	ACCOUNTING POLICIES

Basis of preparing the financial statements

These financial statements have been prepared in accordance with the provisions of Section 1A "Small Entities"

of Financial Reporting Standard 102 "The Financial Reporting Standard applicable in the UK and Republic of

Ireland" 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.

The company's policy of revenue recognition is to recognise a sale when the contractual obligations to the

customer have been fulfilled. For contracts where obligations to the customer have not been fulfilled, but have

been invoiced the sale is recognised within deferred income in current liabilities until such time a right to

consideration arises.

The total turnover of the company for the year has been derived from its principal activity wholly undertaken with

the United Kingdom.

Stocks

Stocks are valued at the lower of cost and estimated selling price less costs to complete and sell. Cost includes

all costs of purchase, freight, irrecoverable taxes and costs of conversion and other directly attributable costs

which are incurred by the entity in bringing the stock to its present location and condition. The cost methodology

employed by the entity is the first-in first-out method.

Financial instruments

Financial assets and financial liabilities are recognised when the company becomes a party to the contractual

provisions of the financial instrument.

Debtors

Debtors do not carry interest and are stated at their nominal value. Appropriate allowances for estimated

irrecoverable amounts are recognised in the profit and loss account when there is objective evidence that the

asset is impaired.

Overdrafts

Overdrafts are repayable on demand and are accounted for under Section 11 of FRS 102. Overdrafts are

presented within current liabilities in the balance sheet.

3.	EMPLOYEES AND DIRECTORS

The average number of employees during the year was 2 (2017 - 2 ) .

4.	INTANGIBLE FIXED ASSETS

Patents

and

Website

licences

costs

Totals

£

£

£

COST

At 1 June 2017

-

7,130

7,130

Additions

4,908

-

4,908

At 31 May 2018

4,908

7,130

12,038

AMORTISATION

At 1 June 2017

-

7,130

7,130

Amortisation for year

982

-

982

At 31 May 2018

982

7,130

8,112

NET BOOK VALUE

At 31 May 2018

3,926

-

3,926

At 31 May 2017

-

-

-

5.

STOCKS

31.5.18

31.5.17

£

£

Stocks

1,097

3,672

6.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31.5.18

31.5.17

£

£

Trade debtors

1,278

691

7.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31.5.18

31.5.17

£

£

Bank loans and overdrafts

992

1,001

VAT

392

675

Other creditors

9,000

-

Directors' current accounts

63,909

59,140

Accrued expenses

675

650

74,968

61,466

8.	GOING CONCERN

During the year the director has introduced funds in order to support the company’s working capital

requirements. The director has given assurances that the director’s current account will not be drawn down to

the detriment of the company’s creditors or cash flow and the director considers that the company is a going

concern for at least 12 months from the date the financial statements are issued. On this basis, the financial

statements have been prepared on a going concern basis.

The following reproduces the text of the report prepared for the directors in respect of the company's annual

unaudited financial statements. In accordance with the Companies Act 2006, the company is only required to

file a Balance Sheet. Readers are cautioned that the Income Statement and certain other primary statements

and the Report of the Directors are not required to be filed with the Registrar of Companies.

In order to assist you to fulfil your duties under the Companies Act 2006, we have prepared for your approval the

financial statements of White Rabbit Distribution Limited for the year ended 31 May 2018 which comprise the Profit and

loss account, Balance Sheet, Statement of Changes in Equity and the related notes from the company's accounting

records and from information and explanations you have given us.

As a practising member firm of the Association of Chartered Certified Accountants, we are subject to its ethical and other professional requirements which are detailed at http://www.accaglobal.com/rulebook.

This report is made solely to the Board of Directors of White Rabbit Distribution Limited, as a body, in accordance with our terms of engagement. Our work has been undertaken solely to prepare for your approval the financial statements of White Rabbit Distribution Limited and state those matters that we have agreed to state to the Board of Directors of White Rabbit Distribution Limited, as a body, in this report in accordance with the requirements of the Association of Chartered Certified Accountants as detailed at http://www.accaglobal.com/factsheet163. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than the company and its Board of Directors, as a body, for our work or for this report.

It is your duty to ensure that White Rabbit Distribution Limited has kept adequate accounting records and to prepare statutory financial statements that give a true and fair view of the assets, liabilities, financial position and loss of White Rabbit Distribution Limited. You consider that White Rabbit Distribution Limited is exempt from the statutory audit requirement for the year.

We have not been instructed to carry out an audit or a review of the financial statements of White Rabbit Distribution Limited. For this reason, we have not verified the accuracy or completeness of the accounting records or information and explanations you have given to us and we do not, therefore, express any opinion on the statutory financial statements.

Leavitt Walmsley Associates Limited

Chartered Certified Accountants

8 Eastway

Sale

Cheshire

M33 4DX

Date: .............................................