IRIS Accounts Production v24.2.0.383 07522094 Board of Directors 1.3.23 29.2.24 29.2.24 false true false false false true false iso4217:GBPiso4217:USDiso4217:EURxbrli:sharesxbrli:pureutr:tonnesutr:kWh075220942023-02-28075220942024-02-29075220942023-03-012024-02-29075220942022-02-28075220942022-03-012023-02-28075220942023-02-2807522094ns15:EnglandWales2023-03-012024-02-2907522094ns14:PoundSterling2023-03-012024-02-2907522094ns10:Director12023-03-012024-02-2907522094ns10:PrivateLimitedCompanyLtd2023-03-012024-02-2907522094ns10:SmallEntities2023-03-012024-02-2907522094ns10:AuditExempt-NoAccountantsReport2023-03-012024-02-2907522094ns10:SmallCompaniesRegimeForDirectorsReport2023-03-012024-02-2907522094ns10:SmallCompaniesRegimeForAccounts2023-03-012024-02-2907522094ns10:FullAccounts2023-03-012024-02-290752209412023-03-012024-02-2907522094ns10:Director22023-03-012024-02-2907522094ns10:RegisteredOffice2023-03-012024-02-2907522094ns5:CurrentFinancialInstruments2024-02-2907522094ns5:CurrentFinancialInstruments2023-02-2807522094ns5:Non-currentFinancialInstruments2024-02-2907522094ns5:Non-currentFinancialInstruments2023-02-2807522094ns5:ShareCapital2024-02-2907522094ns5:ShareCapital2023-02-2807522094ns5:RetainedEarningsAccumulatedLosses2024-02-2907522094ns5:RetainedEarningsAccumulatedLosses2023-02-2807522094ns5:IntangibleAssetsOtherThanGoodwill2023-03-012024-02-2907522094ns5:PatentsTrademarksLicencesConcessionsSimilar2023-03-012024-02-2907522094ns5:FurnitureFittings2023-03-012024-02-2907522094ns5:IntangibleAssetsOtherThanGoodwill2023-02-2807522094ns5:IntangibleAssetsOtherThanGoodwill2024-02-2907522094ns5:IntangibleAssetsOtherThanGoodwill2023-02-2807522094ns5:PlantMachinery2023-02-2807522094ns5:PlantMachinery2023-03-012024-02-2907522094ns5:PlantMachinery2024-02-2907522094ns5:PlantMachinery2023-02-2807522094ns5:CurrentFinancialInstrumentsns5:WithinOneYear2024-02-2907522094ns5:CurrentFinancialInstrumentsns5:WithinOneYear2023-02-28
REGISTERED NUMBER: 07522094 (England and Wales)









WHITESAND ASSOCIATES LIMITED

UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 29 FEBRUARY 2024






WHITESAND ASSOCIATES LIMITED (REGISTERED NUMBER: 07522094)






CONTENTS OF THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 29 FEBRUARY 2024




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


WHITESAND ASSOCIATES LIMITED

COMPANY INFORMATION
FOR THE YEAR ENDED 29 FEBRUARY 2024







DIRECTORS: Mrs C A Hedgecox
Mr M W Hedgecox





REGISTERED OFFICE: Station House
North Street
Havant
Hants
PO9 1QU





REGISTERED NUMBER: 07522094 (England and Wales)





ACCOUNTANTS: Morris Crocker
Chartered Accountants
Station House
North Street
Havant
Hampshire
PO9 1QU

WHITESAND ASSOCIATES LIMITED (REGISTERED NUMBER: 07522094)

BALANCE SHEET
29 FEBRUARY 2024

2024 2023
Notes £    £    £    £   
FIXED ASSETS
Intangible assets 4 - -
Tangible assets 5 - 318
- 318

CURRENT ASSETS
Debtors 6 140,837 158,337
Cash at bank 4,176 7,068
145,013 165,405
CREDITORS
Amounts falling due within one year 7 73,983 99,249
NET CURRENT ASSETS 71,030 66,156
TOTAL ASSETS LESS CURRENT
LIABILITIES

71,030

66,474

CREDITORS
Amounts falling due after more than one
year

8

(13,264

)

(24,098

)

PROVISIONS FOR LIABILITIES - (79 )
NET ASSETS 57,766 42,297

CAPITAL AND RESERVES
Called up share capital 110 110
Retained earnings 57,656 42,187
57,766 42,297

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 29 February 2024.

The members have not required the company to obtain an audit of its financial statements for the year ended 29 February 2024 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.

WHITESAND ASSOCIATES LIMITED (REGISTERED NUMBER: 07522094)

BALANCE SHEET - continued
29 FEBRUARY 2024


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 Income Statement has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 20 August 2024 and were signed on its behalf by:





Mr M W Hedgecox - Director


WHITESAND ASSOCIATES LIMITED (REGISTERED NUMBER: 07522094)

NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 29 FEBRUARY 2024

1. STATUTORY INFORMATION

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

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

Intangible assets
Intangible assets are initially measured at cost. After initial recognition, intangible assets are measured at cost less any accumulated amortisation and any accumulated impairment losses.

Patents and licences are being amortised evenly over their estimated useful life of nil years.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Fixtures and fittings - 25% on cost

Financial instruments
The company only enters into basic financial instruments transactions that result in the recognition of financial assets and liabilities like trade and other accounts receivable and payable, loans from banks and other third parties and loans to related parties and investments in non-puttable ordinary shares.

Trade and other debtors
Short term debtors are measured at transaction price, less any impairment. Loans receivable are measured initially at fair value, net of transaction costs, and are measured subsequently at amortised cost using the effective interest method, less any impairment

Cash and cash equivalents
Cash and cash equivalents comprise cash at bank and on hand, deposits with banks and other short-term highly liquid investments and bank overdrafts. In the balance sheet, bank overdrafts are shown within borrowings or current liabilities.

Trade and other creditors
Short term trade creditors are measured at the transaction price. Other financial liabilities, including bank loans, are measured initially at fair value, net of transaction costs, and are measured subsequently at amortised cost using the effective interest method

Taxation
Taxation for the year comprises current and deferred tax. Tax is recognised in the Income Statement, 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.


WHITESAND ASSOCIATES LIMITED (REGISTERED NUMBER: 07522094)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 29 FEBRUARY 2024

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.

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.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 2 (2023 - 2 ) .

4. INTANGIBLE FIXED ASSETS
Other
intangible
assets
£   
COST
At 1 March 2023 57,400
Disposals (57,400 )
At 29 February 2024 -
AMORTISATION
At 1 March 2023 57,400
Eliminated on disposal (57,400 )
At 29 February 2024 -
NET BOOK VALUE
At 29 February 2024 -
At 28 February 2023 -

WHITESAND ASSOCIATES LIMITED (REGISTERED NUMBER: 07522094)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 29 FEBRUARY 2024

5. TANGIBLE FIXED ASSETS
Plant and
machinery
etc
£   
COST
At 1 March 2023
and 29 February 2024 46,035
DEPRECIATION
At 1 March 2023 45,717
Charge for year 318
At 29 February 2024 46,035
NET BOOK VALUE
At 29 February 2024 -
At 28 February 2023 318

6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Other debtors 140,837 158,337

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Bank loans and overdrafts 10,000 10,000
Taxation and social security 4,415 4,994
Other creditors 59,568 84,255
73,983 99,249

8. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
2024 2023
£    £   
Bank loans 13,264 24,098