Registered number
SC291129
White Testing (UK) Ltd
Filleted Accounts
31 October 2023
White Testing (UK) Ltd
Registered number: SC291129
Balance Sheet
as at 31 October 2023
Notes 2023 2022
£ £
Fixed assets
Tangible assets 4 37,966 44,536
Current assets
Debtors 5 62,131 147,809
Cash at bank and in hand 10,597 (21,687)
72,728 126,122
Creditors: amounts falling due within one year 6 (48,833) (68,095)
Net current assets 23,895 58,027
Total assets less current liabilities 61,861 102,563
Creditors: amounts falling due after more than one year 7 (26,862) (34,620)
Net assets 34,999 67,943
Capital and reserves
Called up share capital 1,000 1,000
Profit and loss account 33,999 66,943
Shareholders' funds 34,999 67,943
The director is 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 director acknowledges his 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.
F White
Director
Approved by the board on 30 July 2024
White Testing (UK) Ltd
Notes to the Accounts
for the year ended 31 October 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 sale of goods and from the rendering of services. Turnover from the sale of goods is recognised when the significant risks and rewards of ownership of the goods have transferred to the buyer. Turnover from the rendering of services is recognised by reference to the stage of completion of the contract. 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.
Intangible fixed assets
Intangible fixed assets are measured at cost less accumulative amortisation and any accumulative impairment losses.
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, other than freehold land, 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
Debtors
Short term debtors are measured at transaction price (which is usually the invoice price), less any impairment losses for bad and doubtful debts. Loans and other financial assets are initially recognised at transaction price including any transaction costs and subsequently measured at amortised cost determined using the effective interest method, less any impairment losses for bad and doubtful debts.
Creditors
Short term creditors are measured at transaction price (which is usually the invoice price). Loans and other financial liabilities are initially recognised at transaction price net of any transaction costs and subsequently measured at amortised cost determined using the effective interest method.
Taxation
A current tax liability is recognised for the tax payable on the taxable profit of the current and past periods. A current tax asset is recognised in respect of a tax loss that can be carried back to recover tax paid in a previous period. Deferred tax is recognised in respect of all timing differences between the recognition of income and expenses in the financial statements and their inclusion in tax assessments. 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. 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, except for revalued land and investment property where the tax rate that applies to the sale of the asset is used. Current and deferred tax assets and liabilities are not discounted.
Pensions
Contributions to defined contribution plans are expensed in the period to which they relate.
2 Employees 2023 2022
Number Number
Average number of persons employed by the company 13 12
3 Intangible fixed assets £
Goodwill:
Cost
At 1 November 2022 30,000
At 31 October 2023 30,000
Amortisation
At 1 November 2022 30,000
At 31 October 2023 30,000
Net book value
At 31 October 2023 -
Goodwill is being written off in equal annual instalments over its estimated economic life of 5 years.
4 Tangible fixed assets
Plant and machinery etc Motor vehicles Total
£ £ £
Cost
At 1 November 2022 57,233 96,264 153,497
Additions - 4,043 4,043
At 31 October 2023 57,233 100,307 157,540
Depreciation
At 1 November 2022 39,283 69,678 108,961
Charge for the year 4,488 6,125 10,613
At 31 October 2023 43,771 75,803 119,574
Net book value
At 31 October 2023 13,462 24,504 37,966
At 31 October 2022 17,950 26,586 44,536
5 Debtors 2023 2022
£ £
Trade debtors 62,131 112,889
Other debtors - 34,920
62,131 147,809
6 Creditors: amounts falling due within one year 2023 2022
£ £
Obligations under finance lease and hire purchase contracts 12,910 18,394
Taxation and social security costs 35,923 49,701
48,833 68,095
7 Creditors: amounts falling due after one year 2023 2022
£ £
Bank loan 26,862 34,620
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