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White Oakes Limited

Registration number : 13763871



















Annual Report and Unaudited Financial Statements

for the period from 24 November 2021 to 30 November 2022

 

White Oakes Limited

Contents

Company Information

1

Balance Sheet

2

Notes to the Unaudited Financial Statements

3 to 6

 

White Oakes Limited

Company Information

Director

Mr Alfred George William Curness

Registered office

Maghull Business Centre
1 Liverpool Road North
Maghull
Merseyside
L31 2HB

Accountants

McParland Williams Limited
13 Liverpool Road North
Maghull
Merseyside
L31 2HB

 

White Oakes Limited

(Registration number: 13763871)
Balance Sheet as at 30 November 2022

Note

2022
£

Fixed assets

 

Tangible assets

6

95,120

Current assets

 

Debtors

7

248,035

Cash at bank and in hand

 

19,652

 

267,687

Creditors: Amounts falling due within one year

8

(250,471)

Net current assets

 

17,216

Total assets less current liabilities

 

112,336

Provisions for liabilities

(18,073)

Net assets

 

94,263

Capital and reserves

 

Called up share capital

2

Profit and loss account

94,261

Total equity

 

94,263

For the financial period ending 30 November 2022 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

Director's responsibilities:

The members have not required the company to obtain an audit of its accounts for the period in question in accordance with section 476; and

The director acknowledges his responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.

These financial statements have been prepared in accordance with the special provisions relating to companies subject to the small companies regime within Part 15 of the Companies Act 2006.

These financial statements have been delivered in accordance with the provisions applicable to companies subject to the small companies regime. As permitted by section 444 (5A) of the Companies Act 2006, the director has not delivered to the registrar a copy of the Profit and Loss Account.

Approved and authorised by the director on 16 November 2023
 

.........................................
Mr Alfred George William Curness
Director

   
     
 

White Oakes Limited

Notes to the Unaudited Financial Statements for the period from 24 November 2021 to 30 November 2022

1

General information

The company is a private company limited by share capital, incorporated in England and Wales.

The address of its registered office is:
Maghull Business Centre
1 Liverpool Road North
Maghull
Merseyside
L31 2HB

These financial statements were authorised for issue by the director on 16 November 2023.

2

Accounting policies

Summary of significant accounting policies and key accounting estimates

The principal accounting policies applied in the preparation of these financial statements are set out below. These policies have been consistently applied to all the years presented, unless otherwise stated.

Statement of compliance

These financial statements have been prepared in accordance with Financial Reporting Standard 102 Section 1A smaller entities - 'The Financial Reporting Standard applicable in the United Kingdom and Republic of Ireland' and the Companies Act 2006 (as applicable to companies subject to the small companies' regime).

Basis of preparation

These financial statements have been prepared using the historical cost convention except that as disclosed in the accounting policies certain items are shown at fair value.

Going concern

The financial statements have been prepared on a going concern basis.

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.

Tax

The tax expense for the period comprises current and deferred tax. Tax is recognised in profit or loss, except that a change attributable to an item of income or expense recognised as other comprehensive income is also recognised directly in other comprehensive income.

The current income tax charge is calculated on the basis of tax rates and laws that have been enacted or substantively enacted by the reporting date in the countries where the company operates and generates taxable income.

 

White Oakes Limited

Notes to the Unaudited Financial Statements for the period from 24 November 2021 to 30 November 2022

Deferred tax is recognised in respect of all timing differences between taxable profits and profits reported in the financial statements.

Unrelieved tax losses and other deferred tax assets are recognised when 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.

Tangible assets

Tangible assets are stated in the balance sheet at cost, less any subsequent accumulated depreciation and subsequent 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

Motor vehicles

20% reducing balance

Plant and machinery

25% reducing balance

Computer equipment

25% reducing balance

Cash and cash equivalents

Cash and cash equivalents comprise cash on hand and call deposits, and other short-term highly liquid investments that are readily convertible to a known amount of cash and are subject to an insignificant risk of change in value.

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.

Dividends

Dividend distribution to the company’s shareholders is recognised as a liability in the financial statements in the reporting period in which the dividends are declared.

 

White Oakes Limited

Notes to the Unaudited Financial Statements for the period from 24 November 2021 to 30 November 2022

3

Staff numbers

The average number of persons employed by the company (including the director) during the period, was 2.

4

Profit before tax

Arrived at after charging/(crediting)

2022
£

Depreciation expense

24,175

5

Taxation

Tax charged/(credited) in the income statement

24 November 2021 to 30 November 2022
 £

Current taxation

UK corporation tax

6,347

Deferred taxation

Arising from origination and reversal of timing differences

18,073

Tax expense in the income statement

24,420

 

White Oakes Limited

Notes to the Unaudited Financial Statements for the period from 24 November 2021 to 30 November 2022

6

Tangible assets

Furniture, fittings and equipment
 £

Motor vehicles
 £

Other tangible assets
£

Total
£

Cost or valuation

Additions

11,200

104,335

3,760

119,295

At 30 November 2022

11,200

104,335

3,760

119,295

Depreciation

Charge for the period

2,806

20,867

502

24,175

At 30 November 2022

2,806

20,867

502

24,175

Carrying amount

At 30 November 2022

8,394

83,468

3,258

95,120

7

Debtors

2022
£

Trade debtors

230,348

Other debtors

13,810

Prepayments

3,877

248,035

8

Creditors

Creditors: amounts falling due within one year

2022
£

Due within one year

Trade creditors

46,211

Taxation and social security

6,347

Accruals and deferred income

4,552

Other creditors

193,361

250,471