Douglas White Limited - Accounts to registrar (filleted) - small 17.3

REGISTERED NUMBER: 08001617 (England and Wales)

Unaudited Financial Statements for the Year Ended 31 March 2017

for

Douglas White Limited

Page

Company Information

1

Abridged Balance Sheet

2

Notes to the Financial Statements

4

DIRECTOR:

C E Douglas

SECRETARY:

Mrs E G Douglas

REGISTERED OFFICE:

47 Hever Drive

Halewood

Liverpool

L26 6LN

REGISTERED NUMBER:

08001617 (England and Wales)

ACCOUNTANTS:

T.A. Gittins & Company

28 Salop Road

Oswestry

SHROPSHIRE

SY11 2NZ

FIXED ASSETS

Intangible assets

4

60,000

40,000

Tangible assets

5

3,012

3,857

63,012

43,857

CURRENT ASSETS

Debtors

12,823

5,499

Cash at bank and in hand

26,671

35,875

39,494

41,374

CREDITORS

Amounts falling due within one year

37,444

48,456

NET CURRENT ASSETS/(LIABILITIES)

2,050

(7,082

)

TOTAL ASSETS LESS CURRENT LIABILITIES

65,062

36,775

CREDITORS

Amounts falling due after more than one year

30,000

30,000

NET ASSETS

35,062

6,775

CAPITAL AND RESERVES

Called up share capital

100

100

Retained earnings

34,962

6,675

SHAREHOLDERS' FUNDS

35,062

6,775

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 March 2017.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 March 2017 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 of Part 15 of the Companies Act 2006 relating to small companies.

All the members have consented to the preparation of an abridged Income Statement and an abridged Balance Sheet for the year ended 31 March 2017 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 director on 23 November 2017 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 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.

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.

Tangible fixed assets

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

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.

3.	EMPLOYEES AND DIRECTORS

The average number of employees during the year was 3 .

4.	INTANGIBLE FIXED ASSETS

Totals

£

COST

At 1 April 2016

40,000

Additions

20,000

At 31 March 2017

60,000

NET BOOK VALUE

At 31 March 2017

60,000

At 31 March 2016

40,000

5.	TANGIBLE FIXED ASSETS

Totals

£

COST

At 1 April 2016

6,112

Additions

401

At 31 March 2017

6,513

DEPRECIATION

At 1 April 2016

2,255

Charge for year

1,246

At 31 March 2017

3,501

NET BOOK VALUE

At 31 March 2017

3,012

At 31 March 2016

3,857