WHITBEAN SERVICES LTD
Registered number: 07433872
Balance Sheet
as at 30 November 2021
Notes 2021 2020
£ £
Current assets
Debtors 3 64,553 59,547
Cash at bank and in hand 11 79
64,564 59,626
Creditors: amounts falling due within one year 4 (2,771) (1,832)
Net current assets 61,793 57,794
Total assets less current liabilities 61,793 57,794
Creditors: amounts falling due after more than one year 5 (50,000) (50,000)
Net assets 11,793 7,794
Capital and reserves
Called up share capital 1 1
Profit and loss account 11,792 7,793
Shareholders' funds 11,793 7,794
The directors are satisfied that the company is entitled to exemption from the requirement to obtain an audit under section 477 of the Companies Act 2006.
The members have not required the company to obtain an audit in accordance with section 476 of the Act.
The directors acknowledge their responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of accounts.
The accounts have been prepared and delivered in accordance with the special provisions applicable to companies subject to the small companies regime. The profit and loss account has not been delivered to the Registrar of Companies.
M Naheem
Director
Approved by the board on 26 August 2022
WHITBEAN SERVICES LTD
Notes to the Accounts
for the year ended 30 November 2021
1 Accounting policies
Basis of preparation
The accounts have been prepared under the historical cost convention and in accordance with FRS 102, The Financial Reporting Standard applicable in the UK and Republic of Ireland.
Turnover
Turnover is measured at the fair value of the consideration received or receivable, net of discounts and value added taxes. Turnover includes revenue earned from the sale of goods and from the rendering of services. Turnover from the sale of goods is recognised when the significant risks and rewards of ownership of the goods have transferred to the buyer. Turnover from the rendering of services is recognised by reference to the stage of completion of the contract. The stage of completion of a contract is measured by comparing the costs incurred for work performed to date to the total estimated contract costs.
Taxation
A current tax liability is recognised for the tax payable on the taxable profit of the current and past periods. A current tax asset is recognised in respect of a tax loss that can be carried back to recover tax paid in a previous period. Deferred tax is recognised in respect of all timing differences between the recognition of income and expenses in the financial statements and their inclusion in tax assessments. 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. Deferred tax is measured using the tax rates and laws that have been enacted or substantively enacted by the reporting date and that are expected to apply to the reversal of the timing difference, except for revalued land and investment property where the tax rate that applies to the sale of the asset is used. Current and deferred tax assets and liabilities are not discounted.
Provisions
Provisions (ie liabilities of uncertain timing or amount) are recognised when there is an obligation at the reporting date as a result of a past event, it is probable that economic benefit will be transferred to settle the obligation and the amount of the obligation can be estimated reliably.
2 Employees 2021 2020
Number Number
Average number of persons employed by the company 1 1
3 Debtors 2021 2020
£ £
Other debtors 64,553 59,547
4 Creditors: amounts falling due within one year 2021 2020
£ £
Corporation tax 2,771 1,832
5 Creditors: amounts falling due after one year 2021 2020
£ £
Bank loans 50,000 50,000
6 Other information
WHITBEAN SERVICES LTD is a private company limited by shares and incorporated in England. Its registered office is:
651a Mauldeth Road West
Chorlton
Manchester
M21 7SA
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