M J White Limited - Accounts to registrar - small 17.2

M J White Limited - Accounts to registrar - small 17.2

M J WHITE LIMITED - Company Information

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REGISTERED NUMBER: 04112184 (England and Wales)














Unaudited Financial Statements

for the Year Ended 31 December 2016

for

M J White Limited

M J White Limited (Registered number: 04112184)






Contents of the Financial Statements
for the Year Ended 31 December 2016




Page

Company Information 1

Abridged Balance Sheet 2

Notes to the Financial Statements 4


M J White Limited

Company Information
for the Year Ended 31 December 2016







DIRECTORS: M J White
S A White





SECRETARY: S A White





REGISTERED OFFICE: Units 1 & 2
Sandford Lane Industrial Estate
Wareham
Dorset
BH20 4DY





REGISTERED NUMBER: 04112184 (England and Wales)





ACCOUNTANTS: Ward Goodman
St Mary's House
24 North Street
Wareham
Dorset
BH20 4AG
Page 1
M J White Limited (Registered number: 04112184)

Abridged Balance Sheet
31 December 2016

2016 2015
Notes £    £    £    £   
FIXED ASSETS
Intangible assets 4 11,600 14,500
Tangible assets 5 139,056 230,293
150,656 244,793

CURRENT ASSETS
Stocks 8,000 8,000
Debtors 79,979 126,622
Cash at bank 483,086 315,197
571,065 449,819
CREDITORS
Amounts falling due within one year 93,908 104,723
NET CURRENT ASSETS 477,157 345,096
TOTAL ASSETS LESS CURRENT
LIABILITIES
627,813
589,889

PROVISIONS FOR LIABILITIES 16,777 27,610
NET ASSETS 611,036 562,279

CAPITAL AND RESERVES
Called up share capital 1,000 1,000
Revaluation reserve 6 2,632 2,924
Retained earnings 607,404 558,355
SHAREHOLDERS' FUNDS 8 611,036 562,279

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 December 2016.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 December 2016 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 notes on pages 4 to 6 form part of these financial statements

Page 2 continued...
M J White Limited (Registered number: 04112184)

Abridged Balance Sheet - continued
31 December 2016


The financial statements have been prepared and delivered in accordance with the provisions of Part 15 of the Companies Act 2006 relating to small companies.

All the members have consented to the preparation of an abridged Balance Sheet for the year ended 31 December 2016 in accordance with Section 444(2A) of the Companies Act 2006.

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 on 16 June 2017 and were signed on its behalf by:




M J White - Director



S A White - Director


The notes on pages 4 to 6 form part of these financial statements

Page 3
M J White Limited (Registered number: 04112184)

Notes to the Financial Statements
for the Year Ended 31 December 2016

1. STATUTORY INFORMATION

M J 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 the provisions of Section 1A "Small Entities" of Financial Reporting Standard 102 "The Financial Reporting Standard applicable in the UK and Republic of Ireland" and the Companies Act 2006. The financial statements have been prepared under the historical cost convention as modified by the revaluation of certain assets.

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 2001, is being amortised evenly over its estimated useful life of twenty 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.
Plant and machinery - 10% on reducing balance
Motor vehicles - 20% on reducing balance

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.

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.

Hire purchase and leasing commitments
Rentals paid under operating leases are charged to profit or loss on a straight line basis over the period of the
lease.

Page 4 continued...
M J White Limited (Registered number: 04112184)

Notes to the Financial Statements - continued
for the Year Ended 31 December 2016

2. ACCOUNTING POLICIES - continued

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 11 .

4. INTANGIBLE FIXED ASSETS
Totals
£   
COST
At 1 January 2016
and 31 December 2016 58,000
AMORTISATION
At 1 January 2016 43,500
Amortisation for year 2,900
At 31 December 2016 46,400
NET BOOK VALUE

At 31 December 2016 11,600
At 31 December 2015 14,500

5. TANGIBLE FIXED ASSETS
Totals
£   
COST OR VALUATION
At 1 January 2016 642,123
Additions 1,295
Disposals (319,396 )
At 31 December 2016 324,022
DEPRECIATION
At 1 January 2016 411,830
Charge for year 24,308
Eliminated on disposal (251,172 )
At 31 December 2016 184,966
NET BOOK VALUE
At 31 December 2016 139,056
At 31 December 2015 230,293

Advantage has been taken of the transitional provisions of FRS 105 to use the previously recognised revaluation
of assets, revalued at 31 December 2013, as the deemed cost.

Page 5 continued...
M J White Limited (Registered number: 04112184)

Notes to the Financial Statements - continued
for the Year Ended 31 December 2016

6. RESERVES
Revaluation
reserve
£   
At 1 January 2016 2,924
Transfer of realised profit (292 )

At 31 December 2016 2,632

7. ULTIMATE CONTROLLING PARTY

The directors control the company by way of controlling directly 80% of the issued ordinary share capital.

8. RECONCILIATION OF MOVEMENTS IN SHAREHOLDERS' FUNDS
2016 2015
£    £   
Profit for the financial year 58,757 103,916
Dividends (10,000 ) (110,000 )
48,757 (6,084 )
Shareholders funds under FRSSE 2015 - 568,363
Net addition to shareholders' funds 48,757 562,279
Opening shareholders' funds 562,279 -
Closing shareholders' funds 611,036 562,279

Page 6