Whitebox Enterprises Ltd - Accounts to registrar (filleted) - small 18.2

REGISTERED NUMBER: 07734972 (England and Wales)

Whitebox Enterprises Ltd

Unaudited Financial Statements

for the Year Ended 31 August 2018

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

590

787

Investments

5

3,518

3,518

4,108

4,305

Current assets

Debtors

6

16,454

297

Cash at bank

370

27,852

16,824

28,149

Creditors

Amounts falling due within one year

7

(28,372

)

(26,285

)

Net current (liabilities)/assets

(11,548

)

1,864

Total assets less current liabilities

(7,440

)

6,169

Capital and reserves

Called up share capital

8

1

1

Retained earnings

(7,441

)

6,168

Shareholders' funds

(7,440

)

6,169

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

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

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 16 October 2018 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.

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 fittings

-

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 (2017 - 2 ) .

4.	Tangible fixed assets

Fixtures

and

fittings

£

Cost

At 1 September 2017

and 31 August 2018

1,688

Depreciation

At 1 September 2017

901

Charge for year

197

At 31 August 2018

1,098

Net book value

At 31 August 2018

590

At 31 August 2017

787

5.	Fixed asset investments

Other

investments

£

Cost

At 1 September 2017

and 31 August 2018

3,518

Net book value

At 31 August 2018

3,518

At 31 August 2017

3,518

6.

Debtors: amounts falling due within one year

31.8.18

31.8.17

£

£

Other debtors

593

-

Directors' current accounts

9,714

-

Accrued income

5,850

-

Prepayments

297

297

16,454

297

7.

Creditors: amounts falling due within one year

31.8.18

31.8.17

£

£

Corporation tax

18,317

18,124

VAT

9,155

6,893

Directors' current accounts

-

188

Accrued expenses

900

1,080

28,372

26,285

8.	Called up share capital

Allotted, issued and fully paid:

Number:

Class:

Nominal

31.8.18

31.8.17

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 2018 and

31 August 2017:

31.8.18

31.8.17

£

£

T A Cole

Balance outstanding at start of year

-

9,940

Amounts advanced

10,000

10,000

Amounts repaid

(286

)

(19,940

)

Amounts written off

-

-

Amounts waived

-

-

Balance outstanding at end of year

9,714

-

The loan is unsecured, interest free and fully repayable on demand.