Douglas White Limited - Accounts to registrar (filleted) - small 18.2

REGISTERED NUMBER: 08001617 (England and Wales)

Unaudited Financial Statements for the Year Ended 31 March 2018

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

60,000

Tangible assets

5

2,440

3,012

62,440

63,012

CURRENT ASSETS

Debtors

9,647

12,823

Cash at bank and in hand

45,954

26,671

55,601

39,494

CREDITORS

Amounts falling due within one year

40,295

37,444

NET CURRENT ASSETS

15,306

2,050

TOTAL ASSETS LESS CURRENT LIABILITIES

77,746

65,062

CREDITORS

Amounts falling due after more than one year

30,000

30,000

NET ASSETS

47,746

35,062

CAPITAL AND RESERVES

Called up share capital

100

100

Retained earnings

47,646

34,962

SHAREHOLDERS' FUNDS

47,746

35,062

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 March 2018.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 March 2018 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 2018 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 2 October 2018 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.

Goodwill

Goodwill, being the amount paid in connection with the acquisition of a business in 2016, is being amortised evenly over its estimated useful life of five 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.

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.

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 3 (2017 - 3 ) .

4.	INTANGIBLE FIXED ASSETS

Totals

£

COST

At 1 April 2017

60,000

Additions

40,000

At 31 March 2018

100,000

AMORTISATION

Amortisation for year

40,000

At 31 March 2018

40,000

NET BOOK VALUE

At 31 March 2018

60,000

At 31 March 2017

60,000

5.	TANGIBLE FIXED ASSETS

Totals

£

COST

At 1 April 2017

and 31 March 2018

6,513

DEPRECIATION

At 1 April 2017

3,501

Charge for year

572

At 31 March 2018

4,073

NET BOOK VALUE

At 31 March 2018

2,440

At 31 March 2017

3,012