Whitespecs Limited - Accounts to registrar (filleted) - small 18.1

REGISTERED NUMBER: 08541412 (England and Wales)

FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 MAY 2017

FOR

WHITESPECS LIMITED

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

3

DIRECTOR:

Professor P H Dolan D.Phil

SECRETARY:

Mrs L A Dolan

REGISTERED OFFICE:

The Old Courthouse

26A Church Street

Bishops Stortford

Hertfordshire

CM23 2LY

REGISTERED NUMBER:

08541412 (England and Wales)

ACCOUNTANTS:

Paul Dawson & Co Limited

The Old Courthouse

26A Church Street

Bishops Stortford

Hertfordshire

CM23 2LY

FIXED ASSETS

Tangible assets

3

818

1,091

CURRENT ASSETS

Debtors

4

80,119

47,579

Cash at bank

424

378

80,543

47,957

CREDITORS

Amounts falling due within one year

5

78,635

46,641

NET CURRENT ASSETS

1,908

1,316

TOTAL ASSETS LESS CURRENT LIABILITIES

2,726

2,407

CAPITAL AND RESERVES

Called up share capital

100

100

Retained earnings

2,626

2,307

SHAREHOLDERS' FUNDS

2,726

2,407

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 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 Statement of Income and Retained Earnings has not been delivered.

The financial statements were approved by the director on 14 May 2018 and were signed by:

Professor P H Dolan D.Phil - Director

1.	STATUTORY INFORMATION

Whitespecs 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.

Tangible fixed assets

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

useful life.

Office equipment - 25% on the reducing balance

3.	TANGIBLE FIXED ASSETS

Office

equipment

£

COST

At 1 June 2016

and 31 May 2017

2,450

DEPRECIATION

At 1 June 2016

1,359

Charge for year

273

At 31 May 2017

1,632

NET BOOK VALUE

At 31 May 2017

818

At 31 May 2016

1,091

4.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2017

2016

£

£

Trade debtors

80,119

47,579

5.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2017

2016

£

£

Trade creditors

13

-

Tax

43,076

24,644

Social security and other taxes

4,900

-

Directors' current accounts

23,607

20,158

Accrued expenses

7,039

1,839

78,635

46,641