A. White (UK) Limited - Period Ending 2016-04-30

Registration number: 08990252

A. White (UK) Limited
 
  Unaudited Abbreviated Accounts
 
  for the Year Ended 30 April 2016
 

A. White (UK) Limited
Contents

Abbreviated Balance Sheet 1 to 2

Notes to the Abbreviated Accounts 3 to 5

A. White (UK) Limited
(Registration number: 08990252)
Abbreviated Balance Sheet at 30 April 2016

		Note			30 April 2016 £			30 April 2015 £
Fixed assets
Intangible fixed assets					2,846			3,896
Current assets
Stocks					39,288			25,253
Debtors					114,110			15,939
Cash at bank and in hand					1,583			12,428
					154,981			53,620
Creditors: Amounts falling due within one year					(194,625)			(159,501)
Net current liabilities					(39,644)			(105,881)
Net liabilities					(36,798)			(101,985)
Capital and reserves
Called up share capital		3			1			1
Profit and loss account					(36,799)			(101,986)
Shareholders' deficit					(36,798)			(101,985)

The notes on pages 3 to 5 form an integral part of these financial statements.
Page 1

A. White (UK) Limited
(Registration number: 08990252)
Abbreviated Balance Sheet at 30 April 2016

For the year ending 30 April 2016 the company was entitled to exemption 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 in accordance with the provisions applicable to companies subject to the small companies regime.

Approved by the Board and signed on its behalf by:

.........................................
Mr A White
Director

Date: 16 June 2016

The notes on pages 3 to 5 form an integral part of these financial statements.
Page 2

A. White (UK) Limited
Notes to the Abbreviated Accounts for the Year Ended 30 April 2016
......... continued

1	Accounting policies

Basis of preparation

The full financial statements, from which these abbreviated accounts have been extracted, have been prepared under the historical cost convention and in accordance with the Financial Reporting Standard for Smaller Entities (Effective January 2015).

Going concern

The company made a profit in the period however has net current liabilities. The company is dependent on the support from the shareholder to continue as a going concern.

The financial statements have been prepared on a going concern basis that assumes further funding will be obtained.

Turnover

Turnover represents amounts chargeable, net of value added tax, in respect of the sale of goods to customers.

Goodwill

Positive goodwill is capitalised, classified as an asset on the balance sheet and amortised on a straight line basis over its useful economic life. It is reviewed for impairment at the end of the first full financial year following the acquisition and in other periods if events or changes in circumstances indicate that the carrying value may not be recoverable.

Amortisation

Amortisation is provided on intangible fixed assets so as to write off the cost, less any estimated residual value, over their expected useful economic life as follows:

Asset class	Amortisation method and rate
Intangible fixed asset- website	25% straight line

Stock

Stock is valued at the lower of cost and net realisable value, after due regard for obsolete and slow moving stocks. Net realisable value is based on selling price less anticipated costs to completion and selling costs.

Page 3

A. White (UK) Limited
Notes to the Abbreviated Accounts for the Year Ended 30 April 2016
......... continued

Deferred tax

Deferred tax is recognised, without discounting, in respect of all timing differences between the treatment of certain items for taxation and accounting purposes, which have arisen but not reversed by the balance sheet date, except as required by the FRSSE. Deferred tax is measured at the rates that are expected to apply in the periods when the timing differences are expected to reverse, based on the tax rates and law enacted at the balance sheet date.

Foreign currency

Transactions in foreign currencies are recorded at the exchange rate ruling at the date of the transaction. Monetary assets and liabilities denominated in foreign currencies are retranslated at the closing rates at the balance sheet date. All exchange differences are included in the profit and loss account.

Hire purchase and leasing

Rentals payable under operating leases are charged in the profit and loss account on a straight line basis over the lease term.

2	Fixed assets

		Intangible assets £			Total £
Cost
At 1 May 2015		4,200			4,200
At 30 April 2016		4,200			4,200
Depreciation
At 1 May 2015		304			304
Charge for the year		1,050			1,050
At 30 April 2016		1,354			1,354
Net book value
At 30 April 2016		2,846			2,846
At 30 April 2015		3,896			3,896

Page 4

A. White (UK) Limited
Notes to the Abbreviated Accounts for the Year Ended 30 April 2016
......... continued

3	Share capital

Allotted, called up and fully paid shares

	30 April 2016						30 April 2015
		No.			£			No.			£
Ordinary shares of £1 each		1			1			1			1

Page 5