White Rabbit Distribution Ltd - Accounts to registrar (filleted) - small 23.2.5

REGISTERED NUMBER: 08515810 (England and Wales)

Unaudited Financial Statements

for the Year Ended 31 May 2023

for

White Rabbit Distribution Ltd

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

3

DIRECTORS:

G K Barke

S J Fairbrother

REGISTERED OFFICE:

3-4 Jackson Brow

Spuley Lane

Pott Shrigley

Macclesfield

Cheshire

SK10 5RS

REGISTERED NUMBER:

08515810 (England and Wales)

ACCOUNTANTS:

Nolan James Ltd

Chartered Accountants

Suite 1 Armcon Business Park

London Road South

Poynton

Stockport

Cheshire

SK12 1LQ

FIXED ASSETS

Intangible assets

4

434

2,084

CURRENT ASSETS

Stocks

587

3,958

Debtors

5

26,151

20,152

26,738

24,110

CREDITORS

Amounts falling due within one year

6

141,416

122,482

NET CURRENT LIABILITIES

(114,678

)

(98,372

)

TOTAL ASSETS LESS CURRENT LIABILITIES

(114,244

)

(96,288

)

CAPITAL AND RESERVES

Called up share capital

1

1

Retained earnings

(114,245

)

(96,289

)

(114,244

)

(96,288

)

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

The members have not required the company to obtain an audit of its financial statements for the year ended 31 May 2023 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 14 February 2024 and were signed on its behalf by:

S J Fairbrother - Director

1.	STATUTORY INFORMATION

White Rabbit Distribution Ltd 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.

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.

Patents and licences are being amortised evenly over their estimated useful life of five years.

Stocks

Stocks are valued at the lower of cost and net realisable value, after making due allowance for obsolete and slow moving items.

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.

3.	EMPLOYEES AND DIRECTORS

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

4.	INTANGIBLE FIXED ASSETS

Other

intangible

assets

£

COST

At 1 June 2022

and 31 May 2023

10,420

AMORTISATION

At 1 June 2022

8,336

Charge for year

1,650

At 31 May 2023

9,986

NET BOOK VALUE

At 31 May 2023

434

At 31 May 2022

2,084

5.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31.5.23

31.5.22

£

£

Trade debtors

879

98

Other debtors

25,272

20,054

26,151

20,152

6.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31.5.23

31.5.22

£

£

Bank loans and overdrafts

21,343

24,053

Trade creditors

-

3,371

Other creditors

120,073

95,058

141,416

122,482