IRIS Accounts Production v24.1.0.578 01272826 Board of Directors 1.8.22 31.7.23 31.7.23 false true false false true false Ordinary 1.00000 iso4217:GBPiso4217:USDiso4217:EURxbrli:sharesxbrli:pureutr:tonnesutr:kWh012728262022-07-31012728262023-07-31012728262022-08-012023-07-31012728262021-07-31012728262021-08-012022-07-31012728262022-07-3101272826ns15:EnglandWales2022-08-012023-07-3101272826ns14:PoundSterling2022-08-012023-07-3101272826ns10:Director12022-08-012023-07-3101272826ns10:PrivateLimitedCompanyLtd2022-08-012023-07-3101272826ns10:SmallEntities2022-08-012023-07-3101272826ns10:AuditExempt-NoAccountantsReport2022-08-012023-07-3101272826ns10:SmallCompaniesRegimeForDirectorsReport2022-08-012023-07-3101272826ns10:SmallCompaniesRegimeForAccounts2022-08-012023-07-3101272826ns10:FullAccounts2022-08-012023-07-3101272826ns10:OrdinaryShareClass12022-08-012023-07-3101272826ns10:Director32022-08-012023-07-3101272826ns10:Director42022-08-012023-07-3101272826ns10:CompanySecretary12022-08-012023-07-3101272826ns10:RegisteredOffice2022-08-012023-07-3101272826ns5:CurrentFinancialInstruments2023-07-3101272826ns5:CurrentFinancialInstruments2022-07-3101272826ns5:ShareCapital2023-07-3101272826ns5:ShareCapital2022-07-3101272826ns5:RetainedEarningsAccumulatedLosses2023-07-3101272826ns5:RetainedEarningsAccumulatedLosses2022-07-3101272826ns5:LeaseholdImprovements2022-08-012023-07-3101272826ns5:FurnitureFittings2022-08-012023-07-3101272826ns5:MotorVehicles2022-08-012023-07-3101272826ns5:ComputerEquipment2022-08-012023-07-3101272826ns5:LeaseholdImprovements2022-07-3101272826ns5:FurnitureFittings2022-07-3101272826ns5:MotorVehicles2022-07-3101272826ns5:ComputerEquipment2022-07-3101272826ns5:LeaseholdImprovements2023-07-3101272826ns5:FurnitureFittings2023-07-3101272826ns5:MotorVehicles2023-07-3101272826ns5:ComputerEquipment2023-07-3101272826ns5:LeaseholdImprovements2022-07-3101272826ns5:FurnitureFittings2022-07-3101272826ns5:MotorVehicles2022-07-3101272826ns5:ComputerEquipment2022-07-3101272826ns5:CurrentFinancialInstrumentsns5:WithinOneYear2023-07-3101272826ns5:CurrentFinancialInstrumentsns5:WithinOneYear2022-07-3101272826ns5:WithinOneYear2023-07-3101272826ns5:WithinOneYear2022-07-3101272826ns5:BetweenOneFiveYears2023-07-3101272826ns5:BetweenOneFiveYears2022-07-3101272826ns5:AllPeriods2023-07-3101272826ns5:AllPeriods2022-07-3101272826ns10:OrdinaryShareClass12023-07-31
REGISTERED NUMBER: 01272826 (England and Wales)













Unaudited Financial Statements

for the Year Ended 31 July 2023

for

White Optics Limited

White Optics Limited (Registered number: 01272826)






Contents of the Financial Statements
for the Year Ended 31 July 2023




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 3


White Optics Limited

Company Information
for the Year Ended 31 July 2023







DIRECTORS: T Peterson
D L Peacock
L Johnson





SECRETARY: D A Peterson





REGISTERED OFFICE: Within Dewhirst Factory Outlet
1 Mill Hill
North West Industrial Estate
Peterlee
Co Durham
SR8 2HR





REGISTERED NUMBER: 01272826 (England and Wales)





ACCOUNTANTS: Clive Owen LLP
Chartered Accountants
Kepier House
Belmont Business Park
Durham
DH1 1TW

White Optics Limited (Registered number: 01272826)

Balance Sheet
31 July 2023

2023 2022
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 38,791 54,773

CURRENT ASSETS
Stocks 429,870 455,324
Debtors 5 382,089 363,820
Cash at bank and in hand 361,958 241,122
1,173,917 1,060,266
CREDITORS
Amounts falling due within one year 6 379,709 444,892
NET CURRENT ASSETS 794,208 615,374
TOTAL ASSETS LESS CURRENT
LIABILITIES

832,999

670,147

CAPITAL AND RESERVES
Called up share capital 9 1,000 1,000
Retained earnings 831,999 669,147
SHAREHOLDERS' FUNDS 832,999 670,147

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.

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 & Loss Account has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 16 November 2023 and were signed on its behalf by:





D L Peacock - Director


White Optics Limited (Registered number: 01272826)

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

1. STATUTORY INFORMATION

White Optics 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. ACCOUNTING POLICIES

Basis of preparing the financial statements
These financial statements have been prepared in accordance with the provisions of Section 1A "Small Entities" of Financial Reporting Standard 102 "The Financial Reporting Standard applicable in the UK and Republic of Ireland" and the Companies Act 2006. The financial statements have been prepared under the historical cost convention.

There were no material departures from that standard.

The principal accounting policies adopted in the preparation of the financial statements are set out below and have remained unchanged from the previous year, and also have been consistently applied within the same accounts.

Turnover
Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes.

Income recognition
Income is recognised at point of sale.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Improvements to property - 10% on cost and 2% on cost
Fixtures and fittings - 20% on cost
Motor vehicles - 25% on cost
Computer equipment - 33% on cost

Tangible fixed assets are included at cost less accumulated depreciation and impairment.

Stocks
Stocks are valued at the lower of cost and selling price less costs to sell, after making due allowance for obsolete and slow moving items.

Financial instruments
Basic financial instruments are recognised at amortised cost with changes recognised in profit and loss.

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 Optics Limited (Registered number: 01272826)

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

2. 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.

Foreign currencies
Assets and liabilities in foreign currencies are translated into sterling at the rates of exchange ruling at the balance sheet date. Transactions in foreign currencies are translated into sterling at the rate of exchange ruling at the date of transaction. Exchange differences are taken into account in arriving at the operating result.

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.

Invoice discounting facility
The invoice discounting facility represents amounts received in respect of financed debts. There is full recourse to the company for losses on debts, and so the financed debts continue to be recognised on the balance sheet. Interest and other charges relating to invoice financing are recognised in the profit and loss account over the relevant period.

Grants receivable
Revenue based grants have been credited to the profit and loss account in the period to which they relate.

Capital based grants are accounted for using the accruals model and have been transferred to a deferred credit and released to the profit and loss account over the useful life of the asset, as disclosed above.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 17 (2022 - 17 ) .

White Optics Limited (Registered number: 01272826)

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

4. TANGIBLE FIXED ASSETS
Improvements Fixtures
to and Motor Computer
property fittings vehicles equipment Totals
£    £    £    £    £   
COST
At 1 August 2022 17,329 5,416 54,036 9,015 85,796
Additions - 57 - - 57
At 31 July 2023 17,329 5,473 54,036 9,015 85,853
DEPRECIATION
At 1 August 2022 5,401 5,416 11,614 8,592 31,023
Charge for year 2,455 2 13,509 73 16,039
At 31 July 2023 7,856 5,418 25,123 8,665 47,062
NET BOOK VALUE
At 31 July 2023 9,473 55 28,913 350 38,791
At 31 July 2022 11,928 - 42,422 423 54,773

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Trade debtors 368,759 348,809
Prepayments and accrued income 13,330 15,011
382,089 363,820

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Trade creditors 64,797 140,251
Taxation and social security 169,832 147,519
Other creditors 5,654 5,728
Invoice discounting creditor 119,611 133,659
Accruals and deferred income 19,815 17,735
379,709 444,892

7. LEASING AGREEMENTS

Minimum lease payments under non-cancellable operating leases fall due as follows:
2023 2022
£    £   
Within one year 18,000 18,000
Between one and five years - 18,000
18,000 36,000

White Optics Limited (Registered number: 01272826)

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

8. SECURED DEBTS

The following secured debts are included within creditors:

2023 2022
£    £   
Invoice discounting creditor 119,611 133,659

The invoice discounting creditor is secured on the debtors to which it relates.

9. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 2023 2022
value: £    £   
1,000 Ordinary £1 1,000 1,000