Caseware UK (AP4) 2022.0.179 2022.0.179 2023-02-282023-02-28true2022-03-01falseNo description of principal activity00falseThe members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006. 11197093 2022-03-01 2023-02-28 11197093 2021-03-01 2022-02-28 11197093 2023-02-28 11197093 2022-02-28 11197093 c:Director1 2022-03-01 2023-02-28 11197093 d:FurnitureFittings 2022-03-01 2023-02-28 11197093 d:FurnitureFittings 2023-02-28 11197093 d:FurnitureFittings 2022-02-28 11197093 d:CurrentFinancialInstruments 2023-02-28 11197093 d:CurrentFinancialInstruments 2022-02-28 11197093 d:Non-currentFinancialInstruments 2023-02-28 11197093 d:Non-currentFinancialInstruments 2022-02-28 11197093 d:CurrentFinancialInstruments d:WithinOneYear 2023-02-28 11197093 d:CurrentFinancialInstruments d:WithinOneYear 2022-02-28 11197093 d:Non-currentFinancialInstruments d:AfterOneYear 2023-02-28 11197093 d:Non-currentFinancialInstruments d:AfterOneYear 2022-02-28 11197093 d:Non-currentFinancialInstruments d:BetweenOneTwoYears 2023-02-28 11197093 d:Non-currentFinancialInstruments d:BetweenOneTwoYears 2022-02-28 11197093 d:ShareCapital 2023-02-28 11197093 d:ShareCapital 2022-02-28 11197093 d:RetainedEarningsAccumulatedLosses 2023-02-28 11197093 d:RetainedEarningsAccumulatedLosses 2022-02-28 11197093 c:FRS102 2022-03-01 2023-02-28 11197093 c:AuditExempt-NoAccountantsReport 2022-03-01 2023-02-28 11197093 c:FullAccounts 2022-03-01 2023-02-28 11197093 c:PrivateLimitedCompanyLtd 2022-03-01 2023-02-28 iso4217:GBP xbrli:pure

Registered number: 11197093









THE WHITE EDIT LIMITED







UNAUDITED

FINANCIAL STATEMENTS

FOR THE YEAR ENDED 28 FEBRUARY 2023

 
THE WHITE EDIT LIMITED
REGISTERED NUMBER: 11197093

BALANCE SHEET
AS AT 28 FEBRUARY 2023

2023
2022
Note
£
£

  

Current assets
  

Stocks
 5 
6,390
6,492

Cash at bank and in hand
 6 
149
15

  
6,539
6,507

Creditors: amounts falling due within one year
 7 
(20,682)
(11,210)

Net current liabilities
  
 
 
(14,143)
 
 
(4,703)

Total assets less current liabilities
  
(14,143)
(4,703)

Creditors: amounts falling due after more than one year
 8 
(15,611)
(16,667)

  

Net liabilities
  
(29,754)
(21,370)


Capital and reserves
  

Called up share capital 
  
100
100

Profit and loss account
  
(29,854)
(21,470)

  
(29,754)
(21,370)


Page 1

 
THE WHITE EDIT LIMITED
REGISTERED NUMBER: 11197093
    
BALANCE SHEET (CONTINUED)
AS AT 28 FEBRUARY 2023

The director considers that the Company is entitled to exemption from audit under section 477 of the Companies Act 2006 and members have not required the Company to obtain an audit for the year in question in accordance with section 476 of the Companies Act 2006.

The director acknowledges her responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of financial statements.

The financial statements have been prepared in accordance with the provisions applicable to companies subject to the small companies regime and in accordance with the provisions of FRS 102 Section 1A - small entities.

The financial statements have been delivered in accordance with the provisions applicable to companies subject to the small companies regime.

The Company has opted not to file the statement of income and retained earnings in accordance with provisions applicable to companies subject to the small companies' regime.

The financial statements were approved and authorised for issue by the board and were signed on its behalf on 22 February 2024.




................................................
Jasmine White
Director

The notes on pages 3 to 6 form part of these financial statements.

Page 2

 
THE WHITE EDIT LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 28 FEBRUARY 2023

1.


General information

The White Edit Limited is a private company limited by shares, incorporated in England & Wales. The principal activity of the Company is an online platform, marketing destination wedding venues to UK based couples.

2.Accounting policies

 
2.1

Basis of preparation of financial statements

The financial statements have been prepared under the historical cost convention unless otherwise specified within these accounting policies and in accordance with Section 1A of Financial Reporting Standard 102, the Financial Reporting Standard applicable in the UK and the Republic of Ireland and the Companies Act 2006.

The following principal accounting policies have been applied:

 
2.2

Going concern

The accounts have been prepared on a going concern basis. This assumes the continuing support of its director, which she has pledged for the foreseeable future.

 
2.3

Revenue

Revenue is recognised to the extent that it is probable that the economic benefits will flow to the Company and the revenue can be reliably measured. Revenue is measured as the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes. The following criteria must also be met before revenue is recognised:

Rendering of services

Revenue from a contract to provide services is recognised in the period in which the services are provided in accordance with the stage of completion of the contract when all of the following conditions are satisfied:
the amount of revenue can be measured reliably;
it is probable that the Company will receive the consideration due under the contract;
the stage of completion of the contract at the end of the reporting period can be measured reliably; and
the costs incurred and the costs to complete the contract can be measured reliably.

 
2.4

Finance costs

Finance costs are charged to profit or loss over the term of the debt using the effective interest method so that the amount charged is at a constant rate on the carrying amount. Issue costs are initially recognised as a reduction in the proceeds of the associated capital instrument.

 
2.5

Borrowing costs

All borrowing costs are recognised in profit or loss in the year in which they are incurred.

Page 3

 
THE WHITE EDIT LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 28 FEBRUARY 2023

2.Accounting policies (continued)

 
2.6

Tangible fixed assets

Tangible fixed assets under the cost model are stated at historical cost less accumulated depreciation and any accumulated impairment losses. Historical cost includes expenditure that is directly attributable to bringing the asset to the location and condition necessary for it to be capable of operating in the manner intended by management.

Depreciation is charged so as to allocate the cost of assets less their residual value over their estimated useful lives, using the straight-line method.

Depreciation is provided on the following basis:

Fixtures and fittings
-
33%
Straight line

The assets' residual values, useful lives and depreciation methods are reviewed, and adjusted prospectively if appropriate, or if there is an indication of a significant change since the last reporting date.

Gains and losses on disposals are determined by comparing the proceeds with the carrying amount and are recognised in profit or loss.

 
2.7

Stocks

Stocks are stated at the lower of cost and net realisable value, being the estimated selling price less costs to complete and sell. Cost is based on the cost of purchase on a first in, first out basis. Work in progress and finished goods include labour and attributable overheads.

At each balance sheet date, stocks are assessed for impairment. If stock is impaired, the carrying amount is reduced to its selling price less costs to complete and sell. The impairment loss is recognised immediately in profit or loss.

 
2.8

Cash and cash equivalents

Cash is represented by cash in hand and deposits with financial institutions repayable without penalty on notice of not more than 24 hours. Cash equivalents are highly liquid investments that mature in no more than three months from the date of acquisition and that are readily convertible to known amounts of cash with insignificant risk of change in value.

 
2.9

Creditors

Short term creditors are measured at the transaction price. Other financial liabilities, including bank loans, are measured initially at fair value, net of transaction costs, and are measured subsequently at amortised cost using the effective interest method.

 
2.10

Financial instruments

The Company only enters into basic financial instrument transactions that result in the recognition of financial assets and liabilities like trade and other debtors and creditors, loans from banks and other third parties, loans to related parties and investments in ordinary shares.

Page 4

 
THE WHITE EDIT LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 28 FEBRUARY 2023

3.


Employees

The average monthly number of employees, including directors, during the year was 0 (2022 - 0).


4.


Tangible fixed assets





Fixtures and fittings

£



Cost or valuation


At 1 March 2022
1,500



At 28 February 2023

1,500



Depreciation


At 1 March 2022
1,500



At 28 February 2023

1,500



Net book value



At 28 February 2023
-



At 28 February 2022
-


5.


Stocks

2023
2022
£
£

Work in progress
6,390
6,492

6,390
6,492



6.


Cash and cash equivalents

2023
2022
£
£

Cash at bank and in hand
149
15

149
15


Page 5

 
THE WHITE EDIT LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 28 FEBRUARY 2023

7.


Creditors: Amounts falling due within one year

2023
2022
£
£

Bank loans
3,333
3,333

Other creditors
16,629
7,277

Accruals and deferred income
720
600

20,682
11,210



8.


Creditors: Amounts falling due after more than one year

2023
2022
£
£

Bank loans
15,611
16,667

15,611
16,667



9.


Loans


Analysis of the maturity of loans is given below:


2023
2022
£
£

Amounts falling due within one year

Bank loans
3,333
3,333

Amounts falling due 1-2 years

Bank loans
15,611
16,667



18,944
20,000



10.


Controlling party

The Company is controlled by the director, Jasmine White, by virtue of her shareholding as described in the Director's report.

 
Page 6