Plain White Limited - Accounts to registrar (filleted) - small 18.2

Plain White Limited - Accounts to registrar (filleted) - small 18.2

PLAIN WHITE LIMITED - Company Information

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REGISTERED NUMBER: 07195223 (England and Wales)




















UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 MARCH 2021

FOR

PLAIN WHITE LIMITED
PLAIN WHITE LIMITED (REGISTERED NUMBER: 07195223)

CONTENTS OF THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2021










Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


PLAIN WHITE LIMITED

COMPANY INFORMATION
FOR THE YEAR ENDED 31 MARCH 2021







DIRECTOR: H C Klein





REGISTERED OFFICE: 3 Hazledene Drive
Pinner
Middlesex
HA5 3NJ





REGISTERED NUMBER: 07195223 (England and Wales)





ACCOUNTANTS: Civvals Limited
50 Seymour Street
London
W1H 7JG
Page 1
PLAIN WHITE LIMITED (REGISTERED NUMBER: 07195223)

BALANCE SHEET
31 MARCH 2021

2021 2020
Notes £    £   
CURRENT ASSETS
Debtors 5 228,897 222,458
Cash at bank and in hand 24,584 9,380
253,481 231,838
CREDITORS
Amounts falling due within one year 6 134,084 132,809
NET CURRENT ASSETS 119,397 99,029
TOTAL ASSETS LESS CURRENT
LIABILITIES
119,397
99,029

CREDITORS
Amounts falling due after more than
one year
7
15,000
-
NET ASSETS 104,397 99,029

CAPITAL AND RESERVES
Called up share capital 100 100
Retained earnings 104,297 98,929
104,397 99,029

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 March 2021.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 March 2021 in accordance with Section 476 of the Companies Act 2006.

The director acknowledges his 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 notes form part of these financial statements

Page 2 continued...
PLAIN WHITE LIMITED (REGISTERED NUMBER: 07195223)

BALANCE SHEET - continued
31 MARCH 2021


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 director and authorised for issue on 19 August 2022 and were signed by:





H C Klein - Director


The notes form part of these financial statements

Page 3
PLAIN WHITE LIMITED (REGISTERED NUMBER: 07195223)

NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2021


1. STATUTORY INFORMATION

Plain White 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.

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.

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
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

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.

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.

Page 4 continued...
PLAIN WHITE LIMITED (REGISTERED NUMBER: 07195223)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 MARCH 2021


3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was NIL (2020 - 1 ).

4. TANGIBLE FIXED ASSETS
Plant and
machinery
etc
£   
COST
At 1 April 2020
and 31 March 2021 15,184
DEPRECIATION
At 1 April 2020
and 31 March 2021 15,184
NET BOOK VALUE
At 31 March 2021 -

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2021 2020
£    £   
Trade debtors 49,215 42,361
Other debtors 179,682 180,097
228,897 222,458

Included in other debtors is an amount of £135,160 (2020 : £114,578) owed by director.

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2021 2020
£    £   
Bank loans and overdrafts - 3,771
Trade creditors 59,941 59,941
Taxation and social security 65,656 60,610
Other creditors 8,487 8,487
134,084 132,809

7. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN
ONE YEAR
2021 2020
£    £   
Other creditors 15,000 -

Page 5 continued...
PLAIN WHITE LIMITED (REGISTERED NUMBER: 07195223)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 MARCH 2021


8. DIRECTOR'S ADVANCES, CREDITS AND GUARANTEES

The following advances and credits to a director subsisted during the years ended 31 March 2021 and 31 March 2020:

2021 2020
£    £   
H C Klein
Balance outstanding at start of year 135,160 114,578
Amounts advanced - 20,582
Amounts repaid - -
Amounts written off - -
Amounts waived - -
Balance outstanding at end of year - 135,160

9. SUBSEQUENT EVENTS

Since 31 December 2019, the spread of COVID-19 has severely impacted many local economies around the globe. In many countries, businesses are being forced to cease or limit operations for long or indefinite periods of time. Measures taken to contain the spread of the virus, including travel bans, quarantines, social distancing, and closures of non-essential services have triggered significant disruptions to businesses worldwide, resulting in an economic slowdown.

Governments and central banks have responded with monetary and fiscal interventions to stabilise economic conditions. The duration and impact of the COVID-19 pandemic, as well as the effectiveness of government and central bank responses, remains unclear of at this time. It is not possible to reliably estimate the duration and severity of these consequences, as well as their impact on the economy as a whole and on the financial position and results of the Company for future periods.

The directors have considered the potential impact of COVID 19 on the business and have determined it to be a non-adjusting subsequent event.

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