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REGISTERED NUMBER: 09958803 (England and Wales)















Unaudited Financial Statements

for the Year Ended 31 July 2023

for

WHITE RABBIT CREATIVE LIMITED

WHITE RABBIT CREATIVE LIMITED (REGISTERED NUMBER: 09958803)

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 RABBIT CREATIVE LIMITED

Company Information
for the Year Ended 31 July 2023







Directors: M C Senior
S A Senior





Registered office: 150A Bramhall Lane South
Bramhall
Stockport
SK7 2ED





Registered number: 09958803 (England and Wales)





Accountants: Haines Watts Manchester Limited
Northern Assurance Buildings
9-21 Princess Street
Manchester
M2 4DN

WHITE RABBIT CREATIVE LIMITED (REGISTERED NUMBER: 09958803)

Balance Sheet
31 July 2023

2023 2022
Notes £    £    £    £   
Fixed assets
Tangible assets 5 67,386 74,536

Current assets
Stocks 6,000 5,000
Debtors 6 44,368 125,297
Cash at bank and in hand 19,090 55,588
69,458 185,885
Creditors
Amounts falling due within one year 7 48,204 102,802
Net current assets 21,254 83,083
Total assets less current liabilities 88,640 157,619

Creditors
Amounts falling due after more than one
year

8

38,786

59,624
Net assets 49,854 97,995

Capital and reserves
Called up share capital 10 100 100
Retained earnings 49,754 97,895
Shareholders' funds 49,854 97,995

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 RABBIT CREATIVE LIMITED (REGISTERED NUMBER: 09958803)

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 Profit and Loss Account has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 25 October 2023 and were signed on its behalf by:




M C Senior - Director



S A Senior - Director


WHITE RABBIT CREATIVE LIMITED (REGISTERED NUMBER: 09958803)

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


1. Statutory information

White Rabbit Creative 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. Statement of compliance

These financial statements have been prepared in accordance with Financial Reporting Standard 102 Section 1A - 'The Financial Reporting Standard applicable in the UK and Republic of Ireland' and the Companies Act 2006.

3. Accounting policies

Basis of preparing the financial statements
The financial statements have been prepared under the historical cost convention.

Revenue recognition
Turnover comprises the fair value of the consideration received or receivable for the sale of goods and provision of services in the ordinary course of the company's activities. Turnover is shown net of sales/value added tax, returns, rebates and discounts.

The company recognises revenue when:
- the amount of revenue can be reliably measured;
- it is probable that future economic benefits will flow to the entity;
- and specific criteria have been met for each of the company's activities.

Tangible fixed assets
Tangible fixed assets are stated at cost (or deemed cost) or valuation less accumulated depreciation and accumulated impairment losses.

The cost of tangible assets includes directly attributable incremental costs incurred in their acquisition and installation.

Depreciation

Depreciation is charged so as to write off the cost of assets, other than land and properties under construction over their estimated useful lives, as follows:

Asset class Depreciation method and rate

Office equipment 25% Reducing balance rate
Computer equipment 25% Reducing balance rate
Motor Vehicle 25% Straight line

Stocks
Work in progress is valued at the lower of cost and net realisable value.

Cost is calculated using the first-in, first-out method and includes all purchase, transport, and handling costs in bringing stocks to their present location and condition.

Taxation
Taxation for the year comprises current and deferred tax. Tax is recognised in the Profit and Loss Account, 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 RABBIT CREATIVE LIMITED (REGISTERED NUMBER: 09958803)

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


3. 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
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.

Trade debtors
Trade debtors are amounts due from customers for merchandise sold or services performed in the ordinary course of business.

Trade debtors are recognised initially at the transaction price. They are subsequently measured at amortised cost using the effective interest method, less provision for impairment. A provision for the impairment of trade debtors is established when there is objective evidence that the company will not be able to collect all amounts due according to the original terms of the receivables.

Trade creditors
Trade creditors are obligations to pay for goods or services that have been acquired in the ordinary course of business from suppliers. Accounts payable are classified as current liabilities if the company does not have an unconditional right, at the end of the reporting period, to defer settlement of the creditor for at least twelve months after the reporting date. If there is an unconditional right to defer settlement for at least twelve months after the reporting date, they are presented as non-current liabilities.

Trade creditors are recognised initially at the transaction price and subsequently measured at amortised cost using the effective interest method.

Borrowings

Interest-bearing borrowings are initially recorded at fair value, net of transaction costs. Interest-bearing borrowings are subsequently carried at amortised cost, with the difference between the proceeds, net of transaction costs, and the amount due on redemption being recognised as a charge to the Profit and Loss Account over the period of the relevant borrowing.

Interest expense is recognised on the basis of the effective interest method and is included in interest payable and similar charges.

Borrowings are classified as current liabilities unless the company has an unconditional right to defer settlement of the liability for at least twelve months after the reporting date.

4. Employees and directors

The average number of employees during the year was 3 (2022 - 6 ) .

WHITE RABBIT CREATIVE LIMITED (REGISTERED NUMBER: 09958803)

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


5. Tangible fixed assets
Fixtures
and Motor Computer
fittings vehicles equipment Totals
£    £    £    £   
Cost
At 1 August 2022 8,938 84,157 18,888 111,983
Disposals - - (1,874 ) (1,874 )
At 31 July 2023 8,938 84,157 17,014 110,109
Depreciation
At 1 August 2022 5,969 24,192 7,286 37,447
Charge for year 742 2,947 2,776 6,465
Eliminated on disposal - - (1,189 ) (1,189 )
At 31 July 2023 6,711 27,139 8,873 42,723
Net book value
At 31 July 2023 2,227 57,018 8,141 67,386
At 31 July 2022 2,969 59,965 11,602 74,536

6. Debtors: amounts falling due within one year
2023 2022
£    £   
Trade debtors 42,362 122,031
Other debtors 2,006 3,266
44,368 125,297

7. Creditors: amounts falling due within one year
2023 2022
£    £   
Bank loans and overdrafts 10,000 10,000
Hire purchase contracts 7,586 7,586
Trade creditors 2,332 3,158
Taxation and social security 20,628 53,464
Other creditors 7,658 28,594
48,204 102,802

8. Creditors: amounts falling due after more than one year
2023 2022
£    £   
Bank loans 23,614 33,334
Hire purchase contracts 15,172 23,390
Other creditors - 2,900
38,786 59,624

WHITE RABBIT CREATIVE LIMITED (REGISTERED NUMBER: 09958803)

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


9. Secured debts

The following secured debts are included within creditors:

2023 2022
£    £   
Hire purchase contracts 22,758 30,976

The debts are secured on the assets held under the hire purchase contracts.

10. Called up share capital

Allotted, issued and fully paid:
Number: Class: Nominal 2023 2022
value: £    £   
100 Ordinary £1 100 100