Company Registration No. 07084279 (England and Wales)
WHITE LABEL PUBLISHING LTD
Filleted Accounts
for the period from 1 January 2021 to 31 March 2022
WHITE LABEL PUBLISHING LTD
Filleted Accounts
Contents
WHITE LABEL PUBLISHING LTD
Company Information
for the period from 1 January 2021 to 31 March 2022
Directors
J Gumb
K Glass
A Keen
Company Number
07084279 (England and Wales)
Accountants
SSJ Accountants Ltd
173A High Street
Beckenham
Kent
BR3 1AH
Chartered Accountants' report to the board of directors on the preparation of the unaudited statutory accounts of WHITE LABEL PUBLISHING LTD for the period from 1 January 2021 to 31 March 2022
In order to assist you to fulfil your duties under the Companies Act 2006, we have prepared for your approval the accounts of
WHITE LABEL PUBLISHING LTD for the period from
1 January 2021 to
31 March 2022 as set out on pages
5 -
8 from the company's accounting records and from information and explanations you have given us.
As a practising member firm of the Institute of Chartered Accountants in England and Wales (ICAEW), we are subject to its ethical and other professional requirements which are detailed at icaew.com/membershandbook.
This report is made solely to the Board of Directors of WHITE LABEL PUBLISHING LTD, as a body, in accordance with the terms of our engagement letter dated 18 March 2010. Our work has been undertaken solely to prepare for your approval the accounts of WHITE LABEL PUBLISHING LTD and state those matters that we have agreed to state to the Board of Directors of WHITE LABEL PUBLISHING LTD, as a body, in this report in accordance with AAF 07/16 as detailed at icaew.com/compilation. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than WHITE LABEL PUBLISHING LTD and its Board of Directors as a body for our work or for this report.
It is your duty to ensure that WHITE LABEL PUBLISHING LTD has kept adequate accounting records and to prepare statutory accounts that give a true and fair view of the assets, liabilities, financial position and profit of WHITE LABEL PUBLISHING LTD. You consider that WHITE LABEL PUBLISHING LTD is exempt from the statutory audit requirement for the period.
We have not been instructed to carry out an audit or a review of the accounts of WHITE LABEL PUBLISHING LTD. For this reason, we have not verified the accuracy or completeness of the accounting records or information and explanations you have given to us and we do not, therefore, express any opinion on the statutory accounts.
SSJ Accountants Ltd
Chartered Accountants
173A High Street
Beckenham
Kent
BR3 1AH
20 May 2022
WHITE LABEL PUBLISHING LTD
Statement of financial position
as at 31 March 2022
Tangible assets
25,798
14,358
Cash at bank and in hand
252,704
277,099
Creditors: amounts falling due within one year
(404,722)
(321,464)
Net current assets
98,185
122,549
Total assets less current liabilities
123,984
136,908
Creditors: amounts falling due after more than one year
(72,025)
(109,575)
Called up share capital
1,000
1,000
Profit and loss account
50,959
26,333
Shareholders' funds
51,959
27,333
For the period ending 31 March 2022 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies. The members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.
The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.
These accounts have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies' regime and in accordance with the provisions of FRS 102 Section 1A - Small Entities. The profit and loss account has not been delivered to the Registrar of Companies.
The financial statements were approved by the Board of Directors and authorised for issue on 19 May 2022 and were signed on its behalf by
J Gumb
Director
Company Registration No. 07084279
WHITE LABEL PUBLISHING LTD
Notes to the Accounts
for the period from 1 January 2021 to 31 March 2022
WHITE LABEL PUBLISHING LTD is a private company, limited by shares, registered in England and Wales, registration number 07084279.
2
Compliance with accounting standards
The accounts have been prepared in accordance with the provisions of FRS 102 Section 1A Small Entities. There were no material departures from that standard.
The principal accounting policies adopted in the preparation of the financial statements are set out below and have remained unchanged from the previous period, and also have been consistently applied within the same accounts.
The accounts have been prepared under the historical cost convention as modified by the revaluation of certain fixed assets.
The accounts are presented in £ sterling.
Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes. Turnover from the sale of goods is recognised when goods have been delivered to customers such that risks and rewards of ownership have transferred to them. 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.
Tangible fixed assets and depreciation
Tangible assets are included at cost less depreciation and impairment. Depreciation has been provided at the following rates in order to write off the assets over their estimated useful lives:
Plant & machinery
25% Reducing Balance
Investments in shares are included at fair value.
Intangible fixed assets (including purchased goodwill and patents) are included at cost less accumulated amortisation.
4
Intangible fixed assets
Goodwill
WHITE LABEL PUBLISHING LTD
Notes to the Accounts
for the period from 1 January 2021 to 31 March 2022
5
Tangible fixed assets
Plant & machinery
Charge for the period
11,727
At 31 December 2020
14,358
6
Investments
Subsidiary undertakings
Valuation at 1 January 2021
1
Valuation at 31 March 2022
1
7
Debtors: amounts falling due within one year
2022
2020
Trade debtors
243,263
158,688
8
Creditors: amounts falling due within one year
2022
2020
Bank loans and overdrafts
30,040
23,372
Trade creditors
6,096
26,602
Taxes and social security
73,129
74,303
Other creditors
22,915
52,455
Loans from directors
(8,992)
69,732
9
Creditors: amounts falling due after more than one year
2022
2020
WHITE LABEL PUBLISHING LTD
Notes to the Accounts
for the period from 1 January 2021 to 31 March 2022
10
Transactions with related parties
J Gumb
Director and shareholder.
During the year J Gumb received remuneration of £9,564.
K Glass
Director and shareholder.
During the year K Glass received a remuneration of £11,940.
11
Average number of employees
During the period the average number of employees was 17 (2020: 14).