Whitebox Enterprises Ltd - Accounts to registrar (filleted) - small 17.3

REGISTERED NUMBER: 07734972 (England and Wales)

Unaudited Financial Statements

for the Year Ended 31 August 2017

for

Whitebox Enterprises Ltd

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

3

DIRECTOR:

T A Cole

REGISTERED OFFICE:

The Pightle

Midhurst Road

Lavant

West Sussex

PO18 0BH

REGISTERED NUMBER:

07734972 (England and Wales)

ACCOUNTANTS:

Warr & Co Limited

Chartered Accountants

Mynshull House

78 Churchgate

Stockport

Cheshire

SK1 1YJ

FIXED ASSETS

Tangible assets

4

787

327

Investments

5

3,518

3,518

4,305

3,845

CURRENT ASSETS

Debtors

6

297

14,647

Cash at bank

27,852

27,941

28,149

42,588

CREDITORS

Amounts falling due within one year

7

26,285

29,862

NET CURRENT ASSETS

1,864

12,726

TOTAL ASSETS LESS CURRENT LIABILITIES

6,169

16,571

CAPITAL AND RESERVES

Called up share capital

8

1

1

Retained earnings

6,168

16,570

SHAREHOLDERS' FUNDS

6,169

16,571

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

The members have not required the company to obtain an audit of its financial statements for the year ended 31 August 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.

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 13 December 2017 and were signed by:

T A Cole - Director

1.	STATUTORY INFORMATION

Whitebox Enterprises 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 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.

This is the first year in which the financial statements have been prepared under Financial Reporting Standard

102. The transition from preparing the financial statements in accordance with Financial Reporting Standard for

Smaller Entities 2015 to Financial Reporting Standard 102 Section 1A has had no material impact on either the

financial position or the financial performance as previously reported by the company.

Turnover

Turnover is measured at the fair value of the consideration received or receivable, excluding value added tax.

Tangible fixed assets

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

Fixtures and equipment

-

25% on reducing balance

Taxation

Taxation for the year comprises of current 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 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.

Fixed asset investments

Fixed asset investments are stated at fair value. Changes in fair value are recognised in profit or loss.

3.	EMPLOYEES AND DIRECTORS

The average number of employees during the year was 2 (2016 - 2 ) .

4.	TANGIBLE FIXED ASSETS

Fixtures

and

equipment

£

COST

At 1 September 2016

1,242

Additions

850

Disposals

(404

)

At 31 August 2017

1,688

DEPRECIATION

At 1 September 2016

915

Charge for year

262

Eliminated on disposal

(276

)

At 31 August 2017

901

NET BOOK VALUE

At 31 August 2017

787

At 31 August 2016

327

5.	FIXED ASSET INVESTMENTS

Other

investments

£

COST

At 1 September 2016

and 31 August 2017

3,518

NET BOOK VALUE

At 31 August 2017

3,518

At 31 August 2016

3,518

6.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2017

2016

£

£

Directors' current accounts

-

9,940

Accrued income

-

4,410

Prepayments

297

297

297

14,647

7.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2017

2016

£

£

Corporation tax

18,124

23,001

VAT

6,893

5,811

Directors' current accounts

188

-

Accrued expenses

1,080

1,050

26,285

29,862

8.	CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:

Number:

Class:

Nominal

2017

2016

value:

£

£

1

Ordinary

£1

1

1

9.	DIRECTOR'S ADVANCES, CREDITS AND GUARANTEES

The following advances and credits to a director subsisted during the years ended 31 August 2017 and

31 August 2016:

2017

2016

£

£

T A Cole

Balance outstanding at start of year

9,940

3,450

Amounts advanced

10,000

10,506

Amounts repaid

(19,940

)

(4,016

)

Amounts written off

-

-

Amounts waived

-

-

Balance outstanding at end of year

-

9,940

The loan is unsecured, interest free and fully repaid during the year.

10.	RELATED PARTY DISCLOSURES

Dividends totalling £85,000 (2016 - £100,000) were paid to the director, T A Cole during the year.