Hk White Ltd - Accounts to registrar - small 17.1

REGISTERED NUMBER: 08543044 (England and Wales)

Unaudited Financial Statements for the Year Ended 31 May 2017

for

Hk White Ltd

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

4

DIRECTORS:

Mrs H K White

J L White

REGISTERED OFFICE:

The Old Quarry,

Caton,

Ashburton,

Newton Abbot

Devon

TQ13 7LH

REGISTERED NUMBER:

08543044 (England and Wales)

ACCOUNTANTS:

the fresh accountancy company limited

The Old Quarry

Caton

Ashburton

TQ13 7LH

FIXED ASSETS

Tangible assets

4

704

131

CURRENT ASSETS

Stocks

10,706

2,224

Debtors

5

4,025

41

Cash at bank

647

3,457

15,378

5,722

CREDITORS

Amounts falling due within one year

6

58,912

39,584

NET CURRENT LIABILITIES

(43,534

)

(33,862

)

TOTAL ASSETS LESS CURRENT LIABILITIES

(42,830

)

(33,731

)

CAPITAL AND RESERVES

Called up share capital

2

2

Retained earnings

(42,832

)

(33,733

)

SHAREHOLDERS' FUNDS

(42,830

)

(33,731

)

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

The members have not required the company to obtain an audit of its financial statements for the year ended 31 May 2017 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 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 Board of Directors on 14 February 2018 and were signed on its behalf by:

J L White - Director

1.	STATUTORY INFORMATION

Hk White 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.

Turnover

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

discounts, rebates, value added tax and other sales taxes.

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

-

25% on reducing balance

Fixtures and fittings

-

25% on reducing balance

Computer equipment

-

25% 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 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.

3.	EMPLOYEES AND DIRECTORS

The average number of employees during the year was 1 .

4.	TANGIBLE FIXED ASSETS

Fixtures

Plant and

and

Computer

machinery

fittings

equipment

Totals

£

£

£

£

COST

At 1 June 2016

233

-

-

233

Additions

-

340

392

732

At 31 May 2017

233

340

392

965

DEPRECIATION

At 1 June 2016

102

-

-

102

Charge for year

33

85

41

159

At 31 May 2017

135

85

41

261

NET BOOK VALUE

At 31 May 2017

98

255

351

704

At 31 May 2016

131

-

-

131

5.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31.5.17

31.5.16

£

£

Trade debtors

2,048

41

VAT

946

-

Prepayments

1,031

-

4,025

41

6.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31.5.17

31.5.16

£

£

Trade creditors

4,341

-

VAT

-

113

Other creditors

2,552

-

Directors' loan accounts

52,019

39,471

58,912

39,584

7.	RELATED PARTY DISCLOSURES

Amount due to directors at the balance sheet date is £52,019.

8.	ULTIMATE CONTROLLING PARTY

The controlling party are directors.