WHITE OUTLINE LIMITED

Company Registration Number:
04927020 (England and Wales)

Unaudited statutory accounts for the year ended 31 July 2023

Period of accounts

Start date: 1 August 2022

End date: 31 July 2023

WHITE OUTLINE LIMITED

Contents of the Financial Statements

for the Period Ended 31 July 2023

Balance sheet
Additional notes
Balance sheet notes

WHITE OUTLINE LIMITED

Balance sheet

As at 31 July 2023

Notes 2023 2022


£

£
Fixed assets
Tangible assets: 3 106,750 123,565
Total fixed assets: 106,750 123,565
Current assets
Debtors: 4 344,273 214,523
Cash at bank and in hand: 1,473 65,269
Total current assets: 345,746 279,792
Creditors: amounts falling due within one year: 5 ( 174,516 ) ( 158,280 )
Net current assets (liabilities): 171,230 121,512
Total assets less current liabilities: 277,980 245,077
Creditors: amounts falling due after more than one year: 6 ( 6,946 ) ( 10,911 )
Total net assets (liabilities): 271,034 234,166
Capital and reserves
Called up share capital: 100 100
Profit and loss account: 270,934 234,066
Total Shareholders' funds: 271,034 234,166

The notes form part of these financial statements

WHITE OUTLINE LIMITED

Balance sheet statements

For the year ending 31 July 2023 the company was entitled to exemption under section 477 of the Companies Act 2006 relating to small companies.

The members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.

The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.

These accounts have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime.

The directors have chosen not to file a copy of the company's profit and loss account.

This report was approved by the board of directors on 29 July 2024
and signed on behalf of the board by:

Name: M ENGLISH
Status: Director

The notes form part of these financial statements

WHITE OUTLINE LIMITED

Notes to the Financial Statements

for the Period Ended 31 July 2023

  • 1. Accounting policies

    Basis of measurement and preparation

    These financial statements have been prepared in accordance with the provisions of Section 1A (Small Entities) of Financial Reporting Standard 102

    Turnover policy

    Turnover is represented by the fair value of the consideration received from the rental of sports equipment, net of Value Added Tax and discounts.

    Tangible fixed assets depreciation policy

    Tangible fixed assets are measured at cost less accumulated depreciation and any accumulated impairment losses.DepreciationDepreciation is calculated to write down the cost less estimated residual value of all tangible fixed assets, other than freehold land, over their expected useful lives. The annual rates and methods of depreciation are as follows:Furniture, fittings and equipment - 15% Reducing balancePlant and machinery - 15% Reducing balanceImpairment of fixed assetsFixed assets are assessed at each reporting date to determine whether there is any indication that the assets are impaired. If there is an indication of possible impairment, the recoverable amount of any affected asset is estimated and compared to its carrying amount. If the estimated recoverable amount is lower, the carrying amount is reduced to its estimated recoverable amount, and an impairment loss is recognised in the profit and loss account. The reversal of an impairment loss is recognised immediately in the profit and loss account.

    Other accounting policies

    DebtorsShort term debtors are measured at transaction price, less any impairment. Loans receivable are measured initially at fair value, net of transaction costs, and are subsequently measured at amortised cost using the effective interest method, less any impairment.CreditorsShort term creditors are measured at transaction price. Other financial liabilities, including bank loans, are measured initially at fair value, net of transaction costs, and are subsequently measured at amortised cost using the effective interest method.

WHITE OUTLINE LIMITED

Notes to the Financial Statements

for the Period Ended 31 July 2023

  • 2. Employees

    2023 2022
    Average number of employees during the period 1 1

WHITE OUTLINE LIMITED

Notes to the Financial Statements

for the Period Ended 31 July 2023

3. Tangible assets

Land & buildings Plant & machinery Fixtures & fittings Office equipment Motor vehicles Total
Cost £ £ £ £ £ £
At 1 August 2022 11,463 470,020 481,483
Additions
Disposals
Revaluations
Transfers
At 31 July 2023 11,463 470,020 481,483
Depreciation
At 1 August 2022 9,594 348,324 357,918
Charge for year 34 16,781 16,815
On disposals
Other adjustments
At 31 July 2023 9,628 365,105 374,733
Net book value
At 31 July 2023 1,835 104,915 106,750
At 31 July 2022 1,869 121,696 123,565

WHITE OUTLINE LIMITED

Notes to the Financial Statements

for the Period Ended 31 July 2023

4. Debtors

2023 2022
£ £
Trade debtors 18,750 0
Other debtors 325,523 214,523
Total 344,273 214,523

WHITE OUTLINE LIMITED

Notes to the Financial Statements

for the Period Ended 31 July 2023

5. Creditors: amounts falling due within one year note

2023 2022
£ £
Bank loans and overdrafts 4,387 4,387
Trade creditors 2,880 60
Taxation and social security 25,793 12,676
Accruals and deferred income 1,800 1,500
Other creditors 139,656 139,657
Total 174,516 158,280

WHITE OUTLINE LIMITED

Notes to the Financial Statements

for the Period Ended 31 July 2023

6. Creditors: amounts falling due after more than one year note

2023 2022
£ £
Bank loans and overdrafts 6,946 10,911
Total 6,946 10,911