White Masai Limited
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Enter data in the white spaces Enter numbers as + unless indicated Current year Comparative
Units (eg £ or £000) £ include a trailing space
Company registration number 10599920
Date
Approval date of the accounts by the board 07/11/2023
Date
Date of signing on the audit/accountants report 07/11/2023
Date of engagement letter (required for Date
CA and ACCA reports) 31/10/2022
Person signing directors' report:
Name of director Nashipae Wilde
Or, name of secretary
Name of director signing balance sheet Nashipae Wilde
Adress of registered office:
Address line 1 46 Brookbank Close
Address line 2
City or town Cheltenham
County or region Gloucestershire
Postcode GL50 3NB
Name of senior statutory auditor
Name of auditors/accountants Accounting For The Future Limited
Type of firm (eg Chartered Accountants) Chartered Certified Accountants
Address of auditors/accountants
Address line 1 46 Brookbank Close
Address line 2
City or town Cheltenham
County or region Gloucestershire
Postcode GL50 3NB
Prior year adjustments (+ for a gain; - for a loss) £
Correction of prior year errors
Effect of retrospective changes in accounting policies
More info on prior year adjustments
Number Number
Average number of persons employed by the company - -
Freehold land & buildings if
revalued amounts shown in trial balance: £ £
historical cost
cumulative depreciation based on cost
£ £
Amounts due after more than one year included in debtors
Amounts included in creditors falling due for payment
after more than five years: £ £
Payable otherwise than by installment
Payable by installment
£ £
Secured bank loans included in creditors
Capital commitments: £ £
contracted
Total future payments due under non-cancellable £ £
operating leases
White Masai Limited
Registered number: 10599920
Balance Sheet
as at 28 February 2023
Notes 2023 2022
£ £
Current assets
Debtors 2 100 100
Cash at bank and in hand 352 653
452 753
Creditors: amounts falling due within one year 3 (1,000) (1,259)
Net current liabilities (548) (506)
Net liabilities (548) (506)
Capital and reserves
Called up share capital 100 100
Profit and loss account (648) (606)
Shareholders' funds (548) (506)
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 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.
Nashipae Wilde
Director
Approved by the board on 7 November 2023
White Masai Limited
Notes to the Accounts
for the year ended 28 February 2023
1 Accounting policies
Basis of preparation
The accounts have been prepared under the historical cost convention and in accordance with FRS 102 Section 1A, 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.
Tangible fixed assets
Tangible fixed assets are measured at cost less accumulative depreciation and any accumulative impairment losses. Depreciation is provided on all tangible fixed assets, other than freehold land, at rates calculated to write off the cost, less estimated residual value, of each asset evenly over its expected useful life, as follows:
Freehold buildings over 50 years
Leasehold land and buildings over the lease term
Plant and machinery 18% straight line
Fixtures, fittings, tools and equipment 18% straight line
Debtors
Short term debtors are measured at transaction price (which is usually the invoice price), less any impairment losses for bad and doubtful debts. Loans and other financial assets are initially recognised at transaction price including any transaction costs and subsequently measured at amortised cost determined using the effective interest method, less any impairment losses for bad and doubtful debts.
Creditors
Short term creditors are measured at transaction price (which is usually the invoice price). Loans and other financial liabilities are initially recognised at transaction price net of any transaction costs and subsequently measured at amortised cost determined using the effective interest method.
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 Debtors 2023 2022
£ £
Other debtors 100 100
3 Creditors: amounts falling due within one year 2023 2022
£ £
Other creditors 1,000 1,259
4 Other information
White Masai Limited is a private company limited by shares and incorporated in England and Wales. Its registered office is:
46 Brookbank Close
Cheltenham
Gloucestershire
GL50 3NB
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