Whitespecs Limited - Accounts to registrar (filleted) - small 18.2

REGISTERED NUMBER: 08541412 (England and Wales)

FINANCIAL STATEMENTS

FOR THE YEAR ENDED 30 MAY 2021

FOR

WHITESPECS LIMITED

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

3

DIRECTOR:

Professor P H Dolan D.Phil

SECRETARY:

Mrs L A Dolan

REGISTERED OFFICE:

The Old Courthouse

26A Church Street

Bishops Stortford

Hertfordshire

CM23 2LY

REGISTERED NUMBER:

08541412 (England and Wales)

ACCOUNTANTS:

Paul Dawson & Co Limited

The Old Courthouse

26A Church Street

Bishops Stortford

Hertfordshire

CM23 2LY

FIXED ASSETS

Tangible assets

4

1,087

961

CURRENT ASSETS

Debtors

5

-

5,600

Cash at bank

118,686

59,606

118,686

65,206

CREDITORS

Amounts falling due within one year

6

53,765

24,605

NET CURRENT ASSETS

64,921

40,601

TOTAL ASSETS LESS CURRENT LIABILITIES

66,008

41,562

CAPITAL AND RESERVES

Called up share capital

100

100

Retained earnings

65,908

41,462

SHAREHOLDERS' FUNDS

66,008

41,562

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 30 May 2021.

The members have not required the company to obtain an audit of its financial statements for the year ended 30 May 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 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 Statement of Income and Retained Earnings has not been delivered.

The financial statements were approved by the director and authorised for issue on 26 March 2022 and were signed by:

Professor P H Dolan D.Phil - Director

1.	STATUTORY INFORMATION

Whitespecs 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.

Office equipment - 25% on the reducing balance

3.	EMPLOYEES AND DIRECTORS

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

4.	TANGIBLE FIXED ASSETS

Office

equipment

£

COST

At 31 May 2020

3,208

Additions

488

At 30 May 2021

3,696

DEPRECIATION

At 31 May 2020

2,247

Charge for year

362

At 30 May 2021

2,609

NET BOOK VALUE

At 30 May 2021

1,087

At 30 May 2020

961

5.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2021

2020

£

£

Trade debtors

-

5,000

Other debtors

-

600

-

5,600

6.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2021

2020

£

£

Taxation and social security

44,698

17,679

Other creditors

9,067

6,926

53,765

24,605