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REGISTERED NUMBER: 08382794 (England and Wales)










Unaudited Financial Statements for the Year Ended 31 July 2023

for

White and White London Contracts Limited

White and White London Contracts Limited (Registered number: 08382794)






Contents of the Financial Statements
for the Year Ended 31 July 2023




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


White and White London Contracts Limited

Company Information
for the Year Ended 31 July 2023







DIRECTORS: Mr S Williamson
Mr M E Brown





REGISTERED OFFICE: Unit 2 Banters Lane Business Park
Main Road
Gt Leighs
Chelmsford
Essex
CM3 1QX





REGISTERED NUMBER: 08382794 (England and Wales)





ACCOUNTANTS: NSO Associates LLP
75 Springfield Road
Chelmsford
Essex
CM2 6JB

White and White London Contracts Limited (Registered number: 08382794)

Balance Sheet
31 July 2023

31.7.22 31.7.23
£    £    Notes £    £   
FIXED ASSETS
114,953 Tangible assets 4 128,205

CURRENT ASSETS
211,140 Stocks 81,788
104,206 Debtors 5 567,594
413,377 Cash at bank and in hand 798,799
728,723 1,448,181
CREDITORS
450,863 Amounts falling due within one year 6 981,907
277,860 NET CURRENT ASSETS 466,274
392,813 TOTAL ASSETS LESS CURRENT
LIABILITIES

594,479

CREDITORS
(150,748 ) Amounts falling due after more than one
year

7

(21,504

)

(21,841 ) PROVISIONS FOR LIABILITIES (23,893 )
220,224 NET ASSETS 549,082

CAPITAL AND RESERVES
200 Called up share capital 10 200
100 Capital redemption reserve 100
219,924 Retained earnings 548,782
220,224 SHAREHOLDERS' FUNDS 549,082

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 July 2023.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 July 2023 in accordance with Section 476 of the Companies Act 2006.

The directors acknowledge their 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.

White and White London Contracts Limited (Registered number: 08382794)

Balance Sheet - continued
31 July 2023


The financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime.

In accordance with Section 444 of the Companies Act 2006, the Income Statement has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 2 October 2023 and were signed on its behalf by:




Mr S Williamson - Director



Mr M E Brown - Director


White and White London Contracts Limited (Registered number: 08382794)

Notes to the Financial Statements
for the Year Ended 31 July 2023

1. STATUTORY INFORMATION

White and White London Contracts 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 Financial Reporting Standard 102 "The Financial Reporting Standard applicable in the UK and Republic of Ireland" including the provisions of Section 1A "Small Entities" 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.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life or, if held under a finance lease, over the lease term, whichever is the shorter.
Plant and machinery etc - 33% on cost, 25% on cost and 20% on cost

Government grants
Government grants are accounted for on an accruals basis.

Grants of a revenue nature are recognised in the statement of comprehensive income in the same period as the related expenditure.

Stocks
Stocks are valued at the lower of cost and net realisable value, after making due allowance for obsolete and slow moving items.

Financial instruments
The Company only enters into basic financial instruments transactions that result in the recognition of financial assets and liabilities, like trade and other debtors and creditors, loans from banks and other third parties, loans to related parties and investments in non-puttable ordinary shares.

Financial assets that are measured at cost and amortised cost are assessed at the end of each reporting period for objective evidence of impairment. If objective evidence of impairment is found, an impairment loss is recognised in profit or loss.

Financial assets and liabilities are offset and the net amount reported in the Balance Sheet when there is an enforceable right to set off the recognised amounts and there is an intention to settle on a net basis or to realise the asset and settle the liability simultaneously.

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.


White and White London Contracts Limited (Registered number: 08382794)

Notes to the Financial Statements - continued
for the Year Ended 31 July 2023

2. ACCOUNTING POLICIES - continued
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
Assets obtained under hire purchase contracts or finance leases are capitalised in the balance sheet. Those held under hire purchase contracts are depreciated over their estimated useful lives. Those held under finance leases are depreciated over their estimated useful lives or the lease term, whichever is the shorter.

The interest element of these obligations is charged to profit or loss over the relevant period. The capital element of the future payments is treated as a liability.

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 5 (2022 - 5 ) .

4. TANGIBLE FIXED ASSETS
Plant and
machinery
etc
£   
COST
At 1 August 2022 273,582
Additions 50,946
At 31 July 2023 324,528
DEPRECIATION
At 1 August 2022 158,629
Charge for year 37,694
At 31 July 2023 196,323
NET BOOK VALUE
At 31 July 2023 128,205
At 31 July 2022 114,953

White and White London Contracts Limited (Registered number: 08382794)

Notes to the Financial Statements - continued
for the Year Ended 31 July 2023

4. TANGIBLE FIXED ASSETS - continued

Fixed assets, included in the above, which are held under hire purchase contracts are as follows:

Plant and
machinery
etc
£   
COST
At 1 August 2022
and 31 July 2023 149,855
DEPRECIATION
At 1 August 2022 52,247
Charge for year 23,365
Reclassification 4,145
At 31 July 2023 79,757
NET BOOK VALUE
At 31 July 2023 70,098
At 31 July 2022 97,608

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.7.23 31.7.22
£    £   
Trade debtors 482,216 49,097
Other debtors 85,378 55,109
567,594 104,206

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.7.23 31.7.22
£    £   
Bank loans and overdrafts - 26,400
Hire purchase contracts (see note 8) 52,244 21,751
Payments on account 49,482 20,247
Trade creditors 276,895 35,128
Taxation and social security 88,470 26,939
Other creditors 514,816 320,398
981,907 450,863

7. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
31.7.23 31.7.22
£    £   
Bank loans - 77,000
Hire purchase contracts (see note 8) 21,504 73,748
21,504 150,748

White and White London Contracts Limited (Registered number: 08382794)

Notes to the Financial Statements - continued
for the Year Ended 31 July 2023

8. LEASING AGREEMENTS

Minimum lease payments fall due as follows:

Hire purchase contracts
31.7.23 31.7.22
£    £   
Net obligations repayable:
Within one year 52,244 21,751
Between one and five years 21,504 73,748
73,748 95,499

Non-cancellable operating leases
31.7.23 31.7.22
£    £   
Within one year 36,791 -
Between one and five years 120,597 -
157,388 -

9. SECURED DEBTS

The following secured debts are included within creditors:

31.7.23 31.7.22
£    £   
Hire purchase contracts 73,748 95,499

The security in place is on the asset to which it relates.

10. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 31.7.23 31.7.22
value: £    £   
100 Ordinary £1 100 100
50 Ordinary A £1 50 50
50 Ordinary B £1 50 50
200 200