Black & Whyte Limited - Accounts to registrar (filleted) - small 22.3

REGISTERED NUMBER: SC377276 (Scotland)

Financial Statements for the Year Ended 30 April 2022

for

Black & Whyte Limited

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

4

DIRECTORS:

H M Black

Mrs S M Whyte

REGISTERED OFFICE:

19 Bon Accord Crescent

Aberdeen

AB11 6DE

REGISTERED NUMBER:

SC377276 (Scotland)

ACCOUNTANTS:

A J Croll & Company

19 Bon Accord Crescent

Aberdeen

Aberdeenshire

AB11 6DE

FIXED ASSETS

Tangible assets

4

139,935

144,247

CURRENT ASSETS

Debtors

5

1,750

2,047

Cash at bank

7,052

1,680

8,802

3,727

CREDITORS

Amounts falling due within one year

6

133,858

23,599

NET CURRENT LIABILITIES

(125,056

)

(19,872

)

TOTAL ASSETS LESS CURRENT LIABILITIES

14,879

124,375

CREDITORS

Amounts falling due after more than one year

7

-

107,686

NET ASSETS

14,879

16,689

CAPITAL AND RESERVES

Called up share capital

100

100

Retained earnings

14,779

16,589

SHAREHOLDERS' FUNDS

14,879

16,689

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 30 April 2022.

The members have not required the company to obtain an audit of its financial statements for the year ended 30 April 2022 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 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 Board of Directors and authorised for issue on 25 January 2023 and were signed on its behalf by:

H M Black - Director

Mrs S M Whyte - Director

1.	STATUTORY INFORMATION

Black & Whyte Limited is a private company, limited by shares , registered in Scotland. 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.

Tangible fixed assets

Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.

Freehold property

-

2% on cost

Improvements to property

-

10% on cost

Fixtures and fittings

-

20% 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.

3.	EMPLOYEES AND DIRECTORS

The average number of employees during the year was 2 (2021 - 2 ) .

4.	TANGIBLE FIXED ASSETS

Improvements

Fixtures

Freehold

to

and

property

property

fittings

Totals

£

£

£

£

COST

At 1 May 2021

and 30 April 2022

183,499

10,537

5,384

199,420

DEPRECIATION

At 1 May 2021

40,371

9,418

5,384

55,173

Charge for year

3,670

642

-

4,312

At 30 April 2022

44,041

10,060

5,384

59,485

NET BOOK VALUE

At 30 April 2022

139,458

477

-

139,935

At 30 April 2021

143,128

1,119

-

144,247

5.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

30.4.22

30.4.21

£

£

Trade debtors

-

297

Other debtors

1,750

1,750

1,750

2,047

6.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

30.4.22

30.4.21

£

£

Bank loans and overdrafts

126,142

14,888

Taxation and social security

804

299

Other creditors

6,912

8,412

133,858

23,599

7.

CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR

30.4.22

30.4.21

£

£

Bank loans

-

107,686

Amounts falling due in more than five years:

Repayable by instalments

Bank loans more 5 yr by instal

-

33,246

8.	SECURED DEBTS

The following secured debts are included within creditors:

30.4.22

30.4.21

£

£

Bank loans

126,142

122,574

The bank loan is secured by a Standard Security over the company's property and by a Bond & Floating Charge.

9.	ULTIMATE CONTROLLING PARTY

The ultimate controlling party is H M Black and S M Whyte.