1 false false false false false false false false false true false false false false false false No description of principal activity 2021-01-01 Sage Accounts Production Advanced 2020 - FRS102_2019 38,698 35,869 423 36,292 2,406 2,829 xbrli:pure xbrli:shares iso4217:GBP 01922222 2021-01-01 2021-12-31 01922222 2021-12-31 01922222 2020-12-31 01922222 2020-01-01 2020-12-31 01922222 2020-12-31 01922222 core:FurnitureFittings 2021-01-01 2021-12-31 01922222 bus:Director3 2021-01-01 2021-12-31 01922222 core:FurnitureFittings 2020-12-31 01922222 core:FurnitureFittings 2021-12-31 01922222 core:WithinOneYear 2021-12-31 01922222 core:WithinOneYear 2020-12-31 01922222 core:AfterOneYear 2021-12-31 01922222 core:AfterOneYear 2020-12-31 01922222 core:ShareCapital 2021-12-31 01922222 core:ShareCapital 2020-12-31 01922222 core:RetainedEarningsAccumulatedLosses 2021-12-31 01922222 core:RetainedEarningsAccumulatedLosses 2020-12-31 01922222 core:FurnitureFittings 2020-12-31 01922222 bus:SmallEntities 2021-01-01 2021-12-31 01922222 bus:AuditExemptWithAccountantsReport 2021-01-01 2021-12-31 01922222 bus:FullAccounts 2021-01-01 2021-12-31 01922222 bus:SmallCompaniesRegimeForAccounts 2021-01-01 2021-12-31 01922222 bus:PrivateLimitedCompanyLtd 2021-01-01 2021-12-31
COMPANY REGISTRATION NUMBER: 01922222
WHITES OF HARROGATE LIMITED
FILLETED UNAUDITED FINANCIAL STATEMENTS
FOR THE YEAR ENDED
31 December 2021
WHITES OF HARROGATE LIMITED
STATEMENT OF FINANCIAL POSITION
31 December 2021
2021
2020
Note
£
£
£
£
FIXED ASSETS
Tangible assets
5
2,406
2,829
CURRENT ASSETS
Stocks
87,596
114,240
Debtors
6
12,238
6,151
Cash at bank and in hand
12,236
8,631
---------
---------
112,070
129,022
CREDITORS: amounts falling due within one year
7
( 73,538)
( 80,406)
---------
---------
NET CURRENT ASSETS
38,532
48,616
--------
--------
TOTAL ASSETS LESS CURRENT LIABILITIES
40,938
51,445
CREDITORS: amounts falling due after more than one year
8
( 37,987)
( 50,000)
PROVISIONS
Taxation including deferred tax
( 457)
( 538)
--------
--------
NET ASSETS
2,494
907
--------
--------
CAPITAL AND RESERVES
Called up share capital
100
100
Profit and loss account
2,394
807
-------
----
SHAREHOLDERS FUNDS
2,494
907
-------
----
These financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies' regime and in accordance with Section 1A of FRS 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland'.
In accordance with section 444 of the Companies Act 2006, the statement of income and retained earnings has not been delivered.
For the year ending 31 December 2021 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.
Director's responsibilities:
- The members have not required the company to obtain an audit of its financial statements for the year in question in accordance with section 476 ;
- The director acknowledges her responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of financial statements .
WHITES OF HARROGATE LIMITED
STATEMENT OF FINANCIAL POSITION (continued)
31 December 2021
These financial statements were approved by the board of directors and authorised for issue on 1 August 2022 , and are signed on behalf of the board by:
E L Tinker
Director
Company registration number: 01922222
WHITES OF HARROGATE LIMITED
NOTES TO THE FINANCIAL STATEMENTS
YEAR ENDED 31 DECEMBER 2021
1. GENERAL INFORMATION
The company is a private company limited by shares, registered in England and Wales. The address of the registered office is 17 West Park, Harrogate, North Yorkshire, HG1 4BJ.
2. STATEMENT OF COMPLIANCE
These financial statements have been prepared in compliance with Section 1A of FRS 102, 'The Financial Reporting Standard applicable in the UK and the Republic of Ireland'.
3. ACCOUNTING POLICIES
Basis of preparation
The financial statements have been prepared on the historical cost basis. The financial statements are prepared in sterling, which is the functional currency of the entity.
Judgements and key sources of estimation uncertainty
The preparation of the financial statements requires management to make judgements, estimates and assumptions that affect the amounts reported. These estimates and judgements are continually reviewed and are based on experience and other factors, including expectations of future events that are believed to be reasonable under the circumstances.
Revenue recognition
Turnover comprises revenue recognised by the company in respect of goods supplied during the year, exclusive of Value Added Tax.
Income tax
Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the balance sheet date.
Tangible assets
Tangible assets are initially recorded at cost, and subsequently stated at cost less any accumulated depreciation.
Depreciation
Depreciation is calculated so as to write off the cost or valuation of an asset, less its residual value, over the useful economic life of that asset as follows:
Fixtures and Fittings
-
15% reducing balance
Stocks
Stocks are valued at the lower of cost and estimated selling price less costs to complete and sell.
Government grants
Government grants are recognised at the fair value of the asset received or receivable. Grants are not recognised until there is reasonable assurance that the company will comply with the conditions attaching to them and the grants will be received. Government grants are recognised using the accrual model and the performance model. Under the accrual model, government grants relating to revenue are recognised on a systematic basis over the periods in which the company recognises the related costs for which the grant is intended to compensate. Grants that are receivable as compensation for expenses or losses already incurred or for the purpose of giving immediate financial support to the entity with no future related costs are recognised in income in the period in which it becomes receivable.
Financial instruments
Financial liabilities and equity instruments are classified according to the substance of the contractual arrangements entered into. An equity instrument is any contract that evidences a residual interest in the assets of the entity after deducting all of its financial liabilities.
4. EMPLOYEE NUMBERS
The average number of persons employed by the company during the year amounted to 1 (2020: 2 ).
5. TANGIBLE ASSETS
Fixtures and fittings
Total
£
£
Cost
At 1 January 2021 and 31 December 2021
38,698
38,698
--------
--------
Depreciation
At 1 January 2021
35,869
35,869
Charge for the year
423
423
--------
--------
At 31 December 2021
36,292
36,292
--------
--------
Carrying amount
At 31 December 2021
2,406
2,406
--------
--------
At 31 December 2020
2,829
2,829
--------
--------
6. DEBTORS
2021
2020
£
£
Trade debtors
4,584
1,814
Other debtors
7,654
4,337
--------
-------
12,238
6,151
--------
-------
7. CREDITORS: amounts falling due within one year
2021
2020
£
£
Bank loans and overdrafts
11,087
Trade creditors
19,040
25,329
Social security and other taxes
4,776
7,711
Other creditors
38,343
47,074
Other creditors
292
292
--------
--------
73,538
80,406
--------
--------
8. CREDITORS: amounts falling due after more than one year
2021
2020
£
£
Bank loans and overdrafts
37,987
50,000
--------
--------