Registered number
06039878
White China (UK) Limited
Filleted Accounts
31 March 2023
White China (UK) Limited
Registered number: 06039878
Balance Sheet
as at 31 March 2023
Notes 2023 2022
£ £
Fixed assets
Tangible assets 3 2,519 5,269
Current assets
Stocks 139,446 72,085
Debtors 4 152,299 120,915
Cash at bank and in hand 107,249 209,572
398,994 402,572
Creditors: amounts falling due within one year 5 (297,173) (329,820)
Net current assets 101,821 72,752
Net assets 104,340 78,021
Capital and reserves
Called up share capital 100 100
Profit and loss account 104,240 77,921
Shareholders' funds 104,340 78,021
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 and delivered 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.
Mr R Mcness
Director
Approved by the board on 22 November 2023
White China (UK) Limited
Notes to the Accounts
for the year ended 31 March 2023
1 Accounting policies
Basis of preparation
The accounts have been prepared under the historical cost convention and in accordance with FRS 102, The Financial Reporting Standard applicable in the UK and Republic of Ireland (as applied to small entities by section 1A of the standard).
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:
Plant and machinery 10% straight line
Motor vehicles 25% straight line
Stocks
Stocks are measured at the lower of cost and estimated selling price less costs to complete and sell. Cost is determined using the first in first out method. The carrying amount of stock sold is recognised as an expense in the period in which the related revenue is recognised.
Taxation
A current tax liability is recognised for the tax payable on the taxable profit of the current and past periods. Current tax assets and liabilities are not discounted.
Pensions
Contributions to defined contribution plans are expensed in the period to which they relate.
2 Employees 2023 2022
Number Number
Average number of persons employed by the company 2 2
3 Tangible fixed assets
Plant and machinery etc Motor vehicles Total
£ £ £
Cost
At 1 April 2022 400 10,998 11,398
At 31 March 2023 400 10,998 11,398
Depreciation
At 1 April 2022 400 5,729 6,129
Charge for the year - 2,750 2,750
At 31 March 2023 400 8,479 8,879
Net book value
At 31 March 2023 - 2,519 2,519
At 31 March 2022 - 5,269 5,269
4 Debtors 2023 2022
£ £
Trade debtors 152,299 120,915
5 Creditors: amounts falling due within one year 2023 2022
£ £
Trade creditors 7,204 61,485
Directors current account 215,136 214,333
Accruals 1,400 1,400
Corporation tax 20,459 11,747
Other taxes and social security costs 52,974 40,855
297,173 329,820
6 Other information
White China (UK) Limited is a private company limited by shares and incorporated in England. Its registered office is:
10 Mount Sorrel Close
Trentham
Stoke on Trent
Staffs
ST4 8TL
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