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REGISTERED NUMBER: 08609915 (England and Wales)





























Unaudited Financial Statements for the Year Ended 31 March 2023

for

M White Ductwork Installation Limited

M White Ductwork Installation Limited (Registered number: 08609915)






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




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


M White Ductwork Installation Limited

Company Information
for the Year Ended 31 March 2023







DIRECTOR: M White



REGISTERED OFFICE: 21 Hillsborough Drive
Bury
Lancashire
BL9 8LE



REGISTERED NUMBER: 08609915 (England and Wales)



ACCOUNTANTS: DonnellyBentley Limited
Chartered Accountants
Hazlemere
70 Chorley New Road
Bolton
Lancashire
BL1 4BY



BANKERS: HSBC Bank plc

M White Ductwork Installation Limited (Registered number: 08609915)

Balance Sheet
31 March 2023

2023 2022
Notes £    £   
FIXED ASSETS
Tangible assets 4 31,398 29,331

CURRENT ASSETS
Debtors 5 155,030 184,755
Cash at bank 50,902 33,357
205,932 218,112
CREDITORS
Amounts falling due within one year 6 (53,830 ) (44,799 )
NET CURRENT ASSETS 152,102 173,313
TOTAL ASSETS LESS CURRENT
LIABILITIES

183,500

202,644

CREDITORS
Amounts falling due after more than one
year

7

(42,982

)

(50,426

)

PROVISIONS FOR LIABILITIES 8 (7,850 ) (5,573 )
NET ASSETS 132,668 146,645

CAPITAL AND RESERVES
Called up share capital 9 1 1
Retained earnings 132,667 146,644
SHAREHOLDERS' FUNDS 132,668 146,645

M White Ductwork Installation Limited (Registered number: 08609915)

Balance Sheet - continued
31 March 2023


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

The members have not required the company to obtain an audit of its financial statements for the year ended 31 March 2023 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 applicable to companies subject to the small companies regime.

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

The financial statements were approved by the director and authorised for issue on 29 September 2023 and were signed by:





M White - Director


M White Ductwork Installation Limited (Registered number: 08609915)

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

1. STATUTORY INFORMATION

M White Ductwork Installation 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.
Motor vehicles - 25% on reducing balance
Computer equipment - 25% on cost

Taxation
Taxation for the year comprises current and deferred tax. Tax is recognised in the Statement of Income and Retained Earnings, 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.

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.

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.

M White Ductwork Installation Limited (Registered number: 08609915)

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

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 1 (2022 - 1 ) .

4. TANGIBLE FIXED ASSETS
Plant and Motor Computer
machinery vehicles equipment Totals
£    £    £    £   
COST
At 1 April 2022 - 44,460 757 45,217
Additions 1,947 30,995 549 33,491
Disposals - (44,460 ) - (44,460 )
At 31 March 2023 1,947 30,995 1,306 34,248
DEPRECIATION
At 1 April 2022 - 15,368 518 15,886
Charge for year 162 7,154 233 7,549
Eliminated on disposal - (20,585 ) - (20,585 )
At 31 March 2023 162 1,937 751 2,850
NET BOOK VALUE
At 31 March 2023 1,785 29,058 555 31,398
At 31 March 2022 - 29,092 239 29,331

Fixed assets, included in the above, which are held under hire purchase contracts are as follows:
Motor
vehicles
£   
COST
At 1 April 2022 31,800
Additions 30,995
Disposals (31,800 )
At 31 March 2023 30,995
DEPRECIATION
At 1 April 2022 3,975
Charge for year 7,154
Eliminated on disposal (9,192 )
At 31 March 2023 1,937
NET BOOK VALUE
At 31 March 2023 29,058
At 31 March 2022 27,825

M White Ductwork Installation Limited (Registered number: 08609915)

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

5. DEBTORS
2023 2022
£    £   
Amounts falling due within one year:
Trade debtors 122,863 101,824
Other debtors 22,042 44,992
Directors' loan accounts 679 -
VAT 2,850 731
Prepayments and accrued income 846 30,358
149,280 177,905

Amounts falling due after more than one year:
Other debtors 5,750 6,850

Aggregate amounts 155,030 184,755

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Bank loans and overdrafts 9,936 10,000
Hire purchase contracts 6,073 4,337
Corporation tax 13,674 16,840
Social security and other taxes 3,182 5,310
Other creditors 2,680 -
Directors' loan accounts - 37
Accrued expenses 18,285 8,275
53,830 44,799

7. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
2023 2022
£    £   
Bank loans 23,289 32,500
Hire purchase contracts 19,693 17,926
42,982 50,426

8. PROVISIONS FOR LIABILITIES
2023 2022
£    £   
Deferred tax
Accelerated capital allowances 7,850 5,573

Deferred
tax
£   
Balance at 1 April 2022 5,573
Provided during year 2,277
Balance at 31 March 2023 7,850

M White Ductwork Installation Limited (Registered number: 08609915)

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

9. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 2023 2022
value: £    £   
1 Ordinary £1 1 1

10. DIRECTOR'S ADVANCES, CREDITS AND GUARANTEES

The following advances and credits to a director subsisted during the years ended 31 March 2023 and 31 March 2022:

2023 2022
£    £   
M White
Balance outstanding at start of year (37 ) 9,609
Amounts advanced 71,716 60,654
Amounts repaid (71,000 ) (70,300 )
Amounts written off - -
Amounts waived - -
Balance outstanding at end of year 679 (37 )