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Registration number: 09227678

White Consultancy (Services) Ltd

Annual Report and Unaudited Financial Statements

for the Year Ended 31 March 2024

 

White Consultancy (Services) Ltd

Contents

Company Information

1

Directors' Report

2

Accountants' Report

3

Profit and Loss Account

4

Statement of Comprehensive Income

5

Balance Sheet

6 to 7

Statement of Changes in Equity

8

Notes to the Unaudited Financial Statements

9 to 17

 

White Consultancy (Services) Ltd

Company Information

Directors

Mr Graham White

Mrs Elaine White

Company secretary

Britannia Accountancy & Tax Services Ltd

Registered office

A24 The Sanderson Centre
Lees Lane
Gosport
Hampshire
PO12 3UL

Accountants

Britannia Accountancy & Tax Services Ltd
A24 The Sanderson Centre
Lees Lane
Gosport
Hampshire
PO12 3UL

 

White Consultancy (Services) Ltd

Directors' Report for the Year Ended 31 March 2024

The directors present their report and the financial statements for the year ended 31 March 2024.

Directors of the company

The directors who held office during the year were as follows:

Mr Graham White

Mrs Elaine White

Principal activity

The principal activity of the company is consultancy

Small companies provision statement

This report has been prepared in accordance with the special provisions relating to companies subject to the small companies regime within Part 15 of the Companies Act 2006.

Approved by the Board on 17 August 2024 and signed on its behalf by:

.........................................
Mr Graham White
Director

.........................................
Mrs Elaine White
Director

 
     
 

Accountants' Report to the Board of Directors on the Preparation of the Unaudited Statutory Accounts of
White Consultancy (Services) Ltd
for the Year Ended 31 March 2024

In order to assist you to fulfil your duties under the Companies Act 2006, we have prepared for your approval the accounts of White Consultancy (Services) Ltd for the year ended 31 March 2024 as set out on pages 4 to 17 from the company's accounting records and from information and explanations you have given us.

This report is made solely to the Board of Directors of White Consultancy (Services) Ltd, as a body, in accordance with the terms of our engagement letter. Our work has been undertaken solely to prepare for your approval the accounts of White Consultancy (Services) Ltd and state those matters that we have agreed to state to the Board of Directors of White Consultancy (Services) Ltd, as a body, in this report. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than White Consultancy (Services) Ltd and its Board of Directors as a body for our work or for this report. To the best of our knowledge at the time of preparation; all information contained in this report is accurate, based upon the information and representations made to us by White Consultancy (Services) Ltd

It is your duty to ensure that White Consultancy (Services) Ltd has kept adequate accounting records and to prepare statutory accounts that give a true and fair view of the assets, liabilities, financial position and profit of White Consultancy (Services) Ltd. You consider that White Consultancy (Services) Ltd is exempt from the statutory audit requirement for the year.

We have not been instructed to carry out an audit or a review of the accounts of White Consultancy (Services) Ltd. For this reason, we have not verified the accuracy or completeness of the accounting records or information and explanations you have given to us and we do not, therefore, express any opinion on the statutory accounts.

......................................

Britannia Accountancy & Tax Services Ltd
A24 The Sanderson Centre
Lees Lane
Gosport
Hampshire
PO12 3UL

17 August 2024

 

White Consultancy (Services) Ltd

Profit and Loss Account for the Year Ended 31 March 2024

Note

2024
£

2023
£

Turnover

 

54,171

53,423

Cost of sales

 

(16,741)

(8,500)

Gross profit

 

37,430

44,923

Administrative expenses

 

(14,901)

(34,033)

Operating profit

 

22,529

10,890

Interest payable and similar expenses

 

-

(1,130)

Profit before tax

4

22,529

9,760

Tax on profit

 

(2,131)

-

Profit for the financial year

 

20,398

9,760

The above results were derived from continuing operations.

The company has no recognised gains or losses for the year other than the results above.

 

White Consultancy (Services) Ltd

Statement of Comprehensive Income for the Year Ended 31 March 2024

2024
£

2023
£

Profit for the year

20,398

9,760

Total comprehensive income for the year

20,398

9,760

 

White Consultancy (Services) Ltd

(Registration number: 09227678)
Balance Sheet as at 31 March 2024

Note

2024
£

2023
£

Fixed assets

 

Tangible assets

6

1,661

1,394

Current assets

 

Stocks

7

8,256

13,120

Debtors

8

-

598

Cash at bank and in hand

 

16,846

14,628

 

25,102

28,346

Creditors: Amounts falling due within one year

9

(24,850)

(22,086)

Net current assets

 

252

6,260

Total assets less current liabilities

 

1,913

7,654

Creditors: Amounts falling due after more than one year

9

-

(6,139)

Net assets

 

1,913

1,515

Capital and reserves

 

Called up share capital

10

4

4

Retained earnings

1,909

1,511

Shareholders' funds

 

1,913

1,515

For the financial year ending 31 March 2024 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

Directors' responsibilities:

The members have not required the company to obtain an audit of its accounts for the year in question in accordance with section 476; and

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

These financial statements have been prepared in accordance with the special provisions relating to companies subject to the small companies regime within Part 15 of the Companies Act 2006.

Approved and authorised by the Board on 17 August 2024 and signed on its behalf by:
 

 

White Consultancy (Services) Ltd

(Registration number: 09227678)
Balance Sheet as at 31 March 2024

.........................................
Mr Graham White
Director

.........................................
Mrs Elaine White
Director

 
     
 

White Consultancy (Services) Ltd

Statement of Changes in Equity for the Year Ended 31 March 2024

Share capital
£

Retained earnings
£

Total
£

At 1 April 2023

4

1,511

1,515

Profit for the year

-

20,398

20,398

Dividends

-

(20,000)

(20,000)

At 31 March 2024

4

1,909

1,913

Share capital
£

Retained earnings
£

Total
£

At 1 April 2022

4

1,751

1,755

Profit for the year

-

9,760

9,760

Dividends

-

(10,000)

(10,000)

At 31 March 2023

4

1,511

1,515

 

White Consultancy (Services) Ltd

Notes to the Unaudited Financial Statements for the Year Ended 31 March 2024

1

General information

The company is a private company limited by share capital, incorporated in England & Wales.

The address of its registered office is:
A24 The Sanderson Centre
Lees Lane
Gosport
Hampshire
PO12 3UL

The principal place of business is:
9 Derwent Road,
Lee-on-the-Solent,
Hampshire,
PO13 8JG
England

These financial statements were authorised for issue by the Board on 17 August 2024.

2

Accounting policies

Summary of significant accounting policies and key accounting estimates

The principal accounting policies applied in the preparation of these financial statements are set out below. These policies have been consistently applied to all the years presented, unless otherwise stated.

Statement of compliance

These financial statements have been prepared in accordance with Financial Reporting Standard 102 Section 1A smaller entities - 'The Financial Reporting Standard applicable in the United Kingdom and Republic of Ireland' and the Companies Act 2006 (as applicable to companies subject to the small companies' regime).

Basis of preparation

These financial statements have been prepared using the historical cost convention except that as disclosed in the accounting policies certain items are shown at fair value.

Revenue recognition

Turnover comprises the fair value of the consideration received or receivable for the sale of goods and provision of services in the ordinary course of the company’s activities. Turnover is shown net of sales/value added tax, returns, rebates and discounts.

The company recognises revenue when:
The amount of revenue can be reliably measured;
it is probable that future economic benefits will flow to the entity;
and specific criteria have been met for each of the company's activities.

 

White Consultancy (Services) Ltd

Notes to the Unaudited Financial Statements for the Year Ended 31 March 2024

Tax

The tax expense for the period comprises current tax. Tax is recognised in profit or loss, except that a change attributable to an item of income or expense recognised as other comprehensive income is also recognised directly in other comprehensive income.

The current income tax charge is calculated on the basis of tax rates and laws that have been enacted or substantively enacted by the reporting date in the countries where the company operates and generates taxable income.

Tangible assets

Tangible assets are stated in the balance sheet at cost, less any subsequent accumulated depreciation and subsequent accumulated impairment losses.

The cost of tangible assets includes directly attributable incremental costs incurred in their acquisition and installation.

Depreciation

Depreciation is charged so as to write off the cost of assets, other than land and properties under construction over their estimated useful lives, as follows:

Asset class

Depreciation method and rate

Plant and machinery

18% on net book value

Vehicles

18% on net book value

Office equipment

18% on net book value

Furniture and fittings

18% on net book value

Goodwill

Goodwill arising on the acquisition of an entity represents the excess of the cost of acquisition over the company’s interest in the net fair value of the identifiable assets, liabilities and contingent liabilities of the entity recognised at the date of acquisition. Goodwill is initially recognised as an asset at cost and is subsequently measured at cost less accumulated amortisation and accumulated impairment losses. Goodwill is held in the currency of the acquired entity and revalued to the closing rate at each reporting period date. Goodwill is amortised over its useful life, which shall not exceed ten years if a reliable estimate of the useful life cannot be made.

Amortisation

Amortisation is provided on intangible assets so as to write off the cost, less any estimated residual value, over their useful life as follows:

Asset class

Amortisation method and rate

Goodwill

10% on cost

Cash and cash equivalents

Cash and cash equivalents comprise cash on hand and call deposits, and other short-term highly liquid investments that are readily convertible to a known amount of cash and are subject to an insignificant risk of change in value.

 

White Consultancy (Services) Ltd

Notes to the Unaudited Financial Statements for the Year Ended 31 March 2024

Stocks

Stocks are stated at the lower of cost and estimated selling price less costs to complete and sell. Cost is determined using the first-in, first-out (FIFO) method.

The cost of finished goods and work in progress comprises direct materials and, where applicable, direct labour costs and those overheads that have been incurred in bringing the inventories to their present location and condition. At each reporting date, stocks are assessed for impairment. If stocks are 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.

Trade creditors

Trade creditors are obligations to pay for goods or services that have been acquired in the ordinary course of business from suppliers. Accounts payable are classified as current liabilities if the company does not have an unconditional right, at the end of the reporting period, to defer settlement of the creditor for at least twelve months after the reporting date. If there is an unconditional right to defer settlement for at least twelve months after the reporting date, they are presented as non-current liabilities.

Trade creditors are recognised initially at the transaction price and subsequently measured at amortised cost using the effective interest method.

Borrowings

Interest-bearing borrowings are initially recorded at fair value, net of transaction costs. Interest-bearing borrowings are subsequently carried at amortised cost, with the difference between the proceeds, net of transaction costs, and the amount due on redemption being recognised as a charge to the profit and loss account over the period of the relevant borrowing.

Interest expense is recognised on the basis of the effective interest method and is included in interest payable and similar charges.

Borrowings are classified as current liabilities unless the company has an unconditional right to defer settlement of the liability for at least twelve months after the reporting date.

Share capital

Ordinary shares are classified as equity. Equity instruments are measured at the fair value of the cash or other resources received or receivable, net of the direct costs of issuing the equity instruments. If payment is deferred and the time value of money is material, the initial measurement is on a present value basis.

Dividends

Dividend distribution to the company’s shareholders is recognised as a liability in the financial statements in the reporting period in which the dividends are declared.

3

Staff numbers

The average number of persons employed by the company (including directors) during the year, was 2 (2023 - 2).

 

White Consultancy (Services) Ltd

Notes to the Unaudited Financial Statements for the Year Ended 31 March 2024

4

Profit before tax

Arrived at after charging/(crediting)

2024
£

2023
£

Depreciation expense

364

766

 

White Consultancy (Services) Ltd

Notes to the Unaudited Financial Statements for the Year Ended 31 March 2024

5

Intangible assets

Cost or valuation

Amortisation

Carrying amount

At 31 March 2024

6

Tangible assets

Furniture, fittings and equipment
 £

Total
£

Cost or valuation

At 1 April 2023

4,259

4,259

Additions

631

631

At 31 March 2024

4,890

4,890

Depreciation

At 1 April 2023

2,865

2,865

Charge for the year

364

364

At 31 March 2024

3,229

3,229

Carrying amount

At 31 March 2024

1,661

1,661

At 31 March 2023

1,394

1,394

7

Stocks

2024
£

2023
£

Work in progress

8,256

13,120

8

Debtors

9

Creditors

Creditors: amounts falling due within one year

 

White Consultancy (Services) Ltd

Notes to the Unaudited Financial Statements for the Year Ended 31 March 2024

Note

2024
£

2023
£

Due within one year

 

Loans and borrowings

11

19,999

20,548

Taxation and social security

 

2,131

-

Accruals and deferred income

 

2,720

1,538

 

24,850

22,086

 

White Consultancy (Services) Ltd

Notes to the Unaudited Financial Statements for the Year Ended 31 March 2024

Creditors: amounts falling due after more than one year

Note

2024
£

2023
£

Due after one year

 

Loans and borrowings

11

-

6,139

10

Share capital

Allotted, called up and fully paid shares

 

2024

2023

 

No.

£

No.

£

Ordinary Shares of £1 each

2

2

2

2

Ordinary Non-voting A of £1 each

1

1

1

1

Ordinary Non-voting B of £1 each

1

1

1

1

 

4

4

4

4

11

Loans and borrowings

2024
£

2023
£

Non-current loans and borrowings

Bank borrowings

-

6,139

2024
£

2023
£

Current loans and borrowings

Other borrowings

19,999

20,548

12

Dividends

Final dividends paid

 

2024
£

2023
£

Final dividend of £0 per each Ordinary Shares share

-

-

     
 

White Consultancy (Services) Ltd

Notes to the Unaudited Financial Statements for the Year Ended 31 March 2024

Interim dividends paid

 

2024
£

2023
£

Interim dividend of £10,000 (2023 - £5,000) per each Ordinary Shares share

20,000

10,000

     

13

Related party transactions

 

White Consultancy (Services) Ltd

Notes to the Unaudited Financial Statements for the Year Ended 31 March 2024

Directors' remuneration

The directors' remuneration for the year was as follows:

2024
£

2023
£

Remuneration

-

4,984