Douglas White Limited - Accounts to registrar (filleted) - small 23.2

REGISTERED NUMBER: 08001617 (England and Wales)

Financial Statements

for the Year Ended 31 March 2023

for

Douglas White Limited

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

4

DIRECTOR:

C E Douglas

REGISTERED OFFICE:

47 Hever Drive

Halewood

Liverpool

Merseyside

L26 6LN

REGISTERED NUMBER:

08001617 (England and Wales)

ACCOUNTANTS:

SB&P

Chartered Accountants

Oriel House

2-8 Oriel Road

Bootle

Liverpool

Merseyside

L20 7EP

FIXED ASSETS

Intangible assets

4

-

-

Tangible assets

5

435

1,189

435

1,189

CURRENT ASSETS

Debtors

6

29,626

10,521

Investments

7

24,484

58,547

Cash at bank and in hand

32,386

68,091

86,496

137,159

CREDITORS

Amounts falling due within one year

8

51,376

55,647

NET CURRENT ASSETS

35,120

81,512

TOTAL ASSETS LESS CURRENT LIABILITIES

35,555

82,701

CREDITORS

Amounts falling due after more than one year

9

22,787

33,205

NET ASSETS

12,768

49,496

CAPITAL AND RESERVES

Called up share capital

10

100

100

Retained earnings

12,668

49,396

SHAREHOLDERS' FUNDS

12,768

49,496

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 March 2023.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 March 2023 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 3 August 2023 and were signed by:

C E Douglas - Director

1.	STATUTORY INFORMATION

Douglas 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.

Goodwill

Goodwill, being the amount paid in connection with the acquisition of a business in 2016, is being amortised evenly over its estimated useful life of five years.

Intangible assets

Intangible assets are initially measured at cost. After initial recognition, intangible assets are measured at cost less any accumulated amortisation and any accumulated impairment losses.

Tangible fixed assets

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

Fixtures and fittings

-

15% on cost

Computer equipment

-

25% on cost

Taxation

Taxation for the year comprises current and deferred tax. Tax is recognised in the Statement of Income and Retained Earnings, 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.

Pension costs and other post-retirement benefits

The company operates a defined contribution pension scheme. Contributions payable to the company's pension scheme are charged to profit or loss in the period to which they relate.

3.	EMPLOYEES AND DIRECTORS

The average number of employees during the year was 4 (2022 - 4 ) .

4.	INTANGIBLE FIXED ASSETS

Goodwill

£

COST

At 1 April 2022

and 31 March 2023

100,000

AMORTISATION

At 1 April 2022

and 31 March 2023

100,000

NET BOOK VALUE

At 31 March 2023

-

At 31 March 2022

-

5.	TANGIBLE FIXED ASSETS

Fixtures

and

Computer

fittings

equipment

Totals

£

£

£

COST

At 1 April 2022

and 31 March 2023

697

4,962

5,659

DEPRECIATION

At 1 April 2022

404

4,066

4,470

Charge for year

104

650

754

At 31 March 2023

508

4,716

5,224

NET BOOK VALUE

At 31 March 2023

189

246

435

At 31 March 2022

293

896

1,189

6.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31.3.23

31.3.22

£

£

Trade debtors

7,189

10,521

Directors' current accounts

16,775

-

Tax

5,662

-

29,626

10,521

7.	CURRENT ASSET INVESTMENTS

31.3.23

31.3.22

£

£

Unlisted investments

24,484

58,547

8.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31.3.23

31.3.22

£

£

Bank loans and overdrafts

10,319

9,687

Trade creditors

698

504

Tax

39,031

43,449

Social security and other taxes

-

10

Directors' current accounts

-

328

Accrued expenses

1,328

1,669

51,376

55,647

9.

CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR

31.3.23

31.3.22

£

£

Bank loans - 1-2 years

19,256

19,256

Bank loans - 2-5 years

3,531

13,949

22,787

33,205

10.	CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:

Number:

Class:

Nominal

31.3.23

31.3.22

value:

£

£

100

Ordinary

1.00

100

100

11.	DIRECTOR'S ADVANCES, CREDITS AND GUARANTEES

The following advances and credits to a director subsisted during the years ended 31 March 2023 and 31 March 2022:

31.3.23

31.3.22

£

£

C E Douglas

Balance outstanding at start of year

(328

)

15,966

Amounts advanced

17,103

164,771

Amounts repaid

-

(181,065

)

Amounts written off

-

-

Amounts waived

-

-

Balance outstanding at end of year

16,775

(328

)