Registered number
07979623
White Horse Promotions Limited
Filleted Accounts
31 August 2023
White Horse Promotions Limited
Registered number: 07979623
Balance Sheet
as at 31 August 2023
Notes 2023 2022
£ £
Current assets
Stocks 2,500 2,500
Debtors 4 64,160 27,039
Cash at bank and in hand 48,671 89,316
115,331 118,855
Creditors: amounts falling due within one year 5 (58,608) (57,275)
Net current assets 56,723 61,580
Total assets less current liabilities 56,723 61,580
Creditors: amounts falling due after more than one year 6 (18,276) (28,014)
Net assets 38,447 33,566
Capital and reserves
Called up share capital 480 480
Profit and loss account 37,967 33,086
Shareholders' funds 38,447 33,566
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.
P Trainor
Director
Approved by the board on 17 January 2024
White Horse Promotions Limited
Notes to the Accounts
for the year ended 31 August 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 retail of promotional materials. Turnover from the sale of goods is recognised when the significant risks and rewards of ownership of the goods have transferred to the buyer. 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, at rates calculated to write off the cost, less estimated residual value, of each asset evenly over its expected useful life, as follows:
Fixtures, fittings, tools and equipment over 5 years
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.
Debtors
Short term debtors are measured at transaction price (which is usually the invoice price), less any impairment losses for bad and doubtful debts.
Creditors
Short term creditors are measured at transaction price (which is usually the invoice price).
Taxation
A current tax liability is recognised for the tax payable on the taxable profit of the current and past periods. Deferred tax is not recognised in respect of timing differences between the recognition of income and expenses in the financial statements and their inclusion in tax assessments as it is considered not material to the true and fair view of the financial statements.
2 Employees 2023 2022
Number Number
Average number of persons employed by the company 1 1
3 Tangible fixed assets
Plant and machinery etc
£
Cost
At 1 September 2022 500
At 31 August 2023 500
Depreciation
At 1 September 2022 500
At 31 August 2023 500
Net book value
At 31 August 2023 -
4 Debtors 2023 2022
£ £
Trade debtors 43,474 26,333
Other debtors 20,686 706
64,160 27,039
5 Creditors: amounts falling due within one year 2023 2022
£ £
Bank loans and overdrafts 10,648 10,648
Trade creditors 34,220 31,739
Taxation and social security costs 8,906 7,565
Other creditors 4,834 7,323
58,608 57,275
6 Creditors: amounts falling due after one year 2023 2022
£ £
Bank loans 18,276 28,014
7 Other information
White Horse Promotions Limited is a private company limited by shares and incorporated in England. Its registered office is:
Central House
124 High Street
Hampton Hill
Middlesex
TW12 1NS
White Horse Promotions Limited 07979623 false 2022-09-01 2023-08-31 2023-08-31 VT Final Accounts October 2023 release 2 P Trainor No description of principal activity 07979623 2021-09-01 2022-08-31 07979623 core:WithinOneYear 2022-08-31 07979623 core:AfterOneYear 2022-08-31 07979623 core:ShareCapital 2022-08-31 07979623 core:RetainedEarningsAccumulatedLosses 2022-08-31 07979623 2022-09-01 2023-08-31 07979623 bus:PrivateLimitedCompanyLtd 2022-09-01 2023-08-31 07979623 bus:AuditExempt-NoAccountantsReport 2022-09-01 2023-08-31 07979623 bus:Director40 2022-09-01 2023-08-31 07979623 1 2022-09-01 2023-08-31 07979623 2 2022-09-01 2023-08-31 07979623 countries:England 2022-09-01 2023-08-31 07979623 bus:FRS102 2022-09-01 2023-08-31 07979623 bus:FullAccounts 2022-09-01 2023-08-31 07979623 2023-08-31 07979623 core:WithinOneYear 2023-08-31 07979623 core:AfterOneYear 2023-08-31 07979623 core:ShareCapital 2023-08-31 07979623 core:RetainedEarningsAccumulatedLosses 2023-08-31 07979623 core:PlantMachinery 2023-08-31 07979623 2022-08-31 07979623 core:PlantMachinery 2022-08-31 iso4217:GBP xbrli:pure