WHITE LABEL PUBLISHING LTD

WHITE LABEL PUBLISHING LTD

WHITE LABEL PUBLISHING LTD - Company Information

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Company Registration No. 07084279 (England and Wales)
WHITE LABEL PUBLISHING LTD Filleted Accounts for the year ended 31 March 2023
WHITE LABEL PUBLISHING LTD Filleted Accounts Contents
Page
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WHITE LABEL PUBLISHING LTD Company Information for the year ended 31 March 2023
Directors
J Gumb K Glass A Keen
Company Number
07084279 (England and Wales)
Accountants
SSJ Accountants Ltd 173A High Street Beckenham Kent BR3 1AH
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Chartered Accountants' report to the board of directors on the preparation of the unaudited statutory accounts of WHITE LABEL PUBLISHING LTD for the year ended 31 March 2023
In order to assist you to fulfil your duties under the Companies Act 2006, we have prepared for your approval the accounts of WHITE LABEL PUBLISHING LTD for the year ended 31 March 2023 as set out on pages 5 - 8 from the company's accounting records and from information and explanations you have given us.
As a practising member firm of the Institute of Chartered Accountants in England and Wales (ICAEW), we are subject to its ethical and other professional requirements which are detailed at icaew.com/membershandbook.
This report is made solely to the Board of Directors of WHITE LABEL PUBLISHING LTD, as a body, in accordance with the terms of our engagement letter dated 18 March 2010. Our work has been undertaken solely to prepare for your approval the accounts of WHITE LABEL PUBLISHING LTD and state those matters that we have agreed to state to the Board of Directors of WHITE LABEL PUBLISHING LTD, as a body, in this report in accordance with AAF 07/16 as detailed at icaew.com/compilation. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than WHITE LABEL PUBLISHING LTD and its Board of Directors as a body for our work or for this report.
It is your duty to ensure that WHITE LABEL PUBLISHING LTD has kept adequate accounting records and to prepare statutory accounts that give a true and fair view of the assets, liabilities, financial position and profit of WHITE LABEL PUBLISHING LTD. You consider that WHITE LABEL PUBLISHING LTD 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 accounts of WHITE LABEL PUBLISHING LTD. 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 accounts.
SSJ Accountants Ltd Chartered Accountants 173A High Street Beckenham Kent BR3 1AH 4 June 2023
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WHITE LABEL PUBLISHING LTD Statement of financial position as at 31 March 2023
2023 
2022 
Notes
£ 
£ 
Fixed assets
Tangible assets
5
25,418 
25,798 
Investments
6
1 
1 
25,419 
25,799 
Current assets
Debtors
7
465,915 
250,203 
Cash at bank and in hand
277,961 
252,704 
743,876 
502,907 
Creditors: amounts falling due within one year
8
(622,670)
(404,722)
Net current assets
121,206 
98,185 
Total assets less current liabilities
146,625 
123,984 
Creditors: amounts falling due after more than one year
9
(45,090)
(72,025)
Net assets
101,535 
51,959 
Capital and reserves
Called up share capital
1,000 
1,000 
Profit and loss account
100,535 
50,959 
Shareholders' funds
101,535 
51,959 
For the year ending 31 March 2023 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies. The members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.
The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.
These accounts have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies' regime and in accordance with the provisions of FRS 102 Section 1A - Small Entities. The profit and loss account has not been delivered to the Registrar of Companies.
The financial statements were approved by the Board of Directors and authorised for issue on 6 June 2023 and were signed on its behalf by
J Gumb Director Company Registration No. 07084279
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WHITE LABEL PUBLISHING LTD Notes to the Accounts for the year ended 31 March 2023
1
Statutory information
WHITE LABEL PUBLISHING LTD is a private company, limited by shares, registered in England and Wales, registration number 07084279.
2
Compliance with accounting standards
The accounts have been prepared in accordance with the provisions of FRS 102 Section 1A Small Entities. There were no material departures from that standard.
3
Accounting policies
The principal accounting policies adopted in the preparation of the financial statements are set out below and have remained unchanged from the previous year, and also have been consistently applied within the same accounts.
Basis of preparation
The accounts have been prepared under the historical cost convention as modified by the revaluation of certain fixed assets.
Presentation currency
The accounts are presented in £ sterling.
Turnover
Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes. Turnover from the sale of goods is recognised when goods have been delivered to customers such that risks and rewards of ownership have transferred to them. Turnover from the rendering of services is recognised by reference to the stage of completion of the contract. The stage of completion of a contract is measured by comparing the costs incurred for work performed to date to the total estimated contract costs.
Tangible fixed assets and depreciation
Tangible assets are included at cost less depreciation and impairment. Depreciation has been provided at the following rates in order to write off the assets over their estimated useful lives:
Plant & machinery
25% Reducing Balance
Investments
Investments in shares are included at fair value.
Intangible fixed assets
Intangible fixed assets (including purchased goodwill and patents) are included at cost less accumulated amortisation.
4
Intangible fixed assets
Goodwill 
£ 
Cost
At 1 April 2022
18,500 
At 31 March 2023
18,500 
Amortisation
At 1 April 2022
18,500 
At 31 March 2023
18,500 
Net book value
At 31 March 2023
- 
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WHITE LABEL PUBLISHING LTD Notes to the Accounts for the year ended 31 March 2023
5
Tangible fixed assets
Plant & machinery 
£ 
Cost or valuation
At cost 
At 1 April 2022
124,704 
Additions
8,092 
At 31 March 2023
132,796 
Depreciation
At 1 April 2022
98,906 
Charge for the year
8,472 
At 31 March 2023
107,378 
Net book value
At 31 March 2023
25,418 
At 31 March 2022
25,798 
6
Investments
Subsidiary undertakings 
£ 
Valuation at 1 April 2022
1 
Valuation at 31 March 2023
1 
7
Debtors
2023 
2022 
£ 
£ 
Amounts falling due within one year
Trade debtors
365,579 
243,263 
Accrued income and prepayments
88,784 
- 
Other debtors
6,940 
6,940 
461,303 
250,203 
Amounts falling due after more than one year
Accrued income and prepayments
4,612 
- 
8
Creditors: amounts falling due within one year
2023 
2022 
£ 
£ 
Bank loans and overdrafts
33,521 
30,040 
Trade creditors
31,168 
6,096 
Taxes and social security
67,287 
73,129 
Other creditors
(1,383)
22,915 
Loans from directors
(11,514)
(8,992)
Accruals
110,298 
281,534 
Deferred income
393,293 
- 
622,670 
404,722 
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WHITE LABEL PUBLISHING LTD Notes to the Accounts for the year ended 31 March 2023
9
Creditors: amounts falling due after more than one year
2023 
2022 
£ 
£ 
Bank loans
45,090 
72,025 
10
Transactions with related parties
J Gumb Director and shareholder. During the year J Gumb received remuneration of £9,885. K Glass Director and shareholder. During the year K Glass received a remuneration of £9,885.
11
Average number of employees
During the year the average number of employees was 25 (2022: 17).
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