Acorah Software Products - Accounts Production 15.0.600 false true true 31 December 2022 1 January 2022 false 1 January 2023 31 December 2023 31 December 2023 07298629 Mr A Kaneria Mrs A Kaneria iso4217:GBP iso4217:EUR iso4217:USD xbrli:shares xbrli:pure xbrli:pure 07298629 2022-12-31 07298629 2023-12-31 07298629 2023-01-01 2023-12-31 07298629 frs-core:CurrentFinancialInstruments 2023-12-31 07298629 frs-core:Non-currentFinancialInstruments 2023-12-31 07298629 frs-core:ShareCapital 2023-12-31 07298629 frs-core:RetainedEarningsAccumulatedLosses 2023-12-31 07298629 frs-bus:PrivateLimitedCompanyLtd 2023-01-01 2023-12-31 07298629 frs-bus:FilletedAccounts 2023-01-01 2023-12-31 07298629 frs-bus:SmallEntities 2023-01-01 2023-12-31 07298629 frs-bus:AuditExemptWithAccountantsReport 2023-01-01 2023-12-31 07298629 frs-bus:SmallCompaniesRegimeForAccounts 2023-01-01 2023-12-31 07298629 frs-bus:Director1 2023-01-01 2023-12-31 07298629 frs-bus:Director2 2023-01-01 2023-12-31 07298629 frs-countries:EnglandWales 2023-01-01 2023-12-31 07298629 2021-12-31 07298629 2022-12-31 07298629 2022-01-01 2022-12-31 07298629 frs-core:CurrentFinancialInstruments 2022-12-31 07298629 frs-core:Non-currentFinancialInstruments 2022-12-31 07298629 frs-core:ShareCapital 2022-12-31 07298629 frs-core:RetainedEarningsAccumulatedLosses 2022-12-31
Registered number: 07298629
White Mink Ltd
Unaudited Financial Statements
For The Year Ended 31 December 2023
Contents
Page
Accountant's Report 1
Balance Sheet 2
Notes to the Financial Statements 3—4
Page 1
Accountant's Report
Chartered Accountant's report to the directors on the preparation of the unaudited statutory accounts of White Mink Ltd for the year ended 31 December 2023
In order to assist you to fulfil your duties under the Companies Act 2006, I have prepared for your approval the accounts of White Mink Ltd for the year ended 31 December 2023 which comprise the Profit and Loss Account, the Balance Sheet and the related notes from the company's accounting records and from information and explanations you have given to us.
As a practising member of the Institute of Chartered Accountants in England and Wales (ICAEW), we are subject to its ethical and other professional requirements which are detailed at http://www.icaew.com/en/membership/regulations-standards-and-guidance.
This report is made solely to the directors of White Mink Ltd , as a body, in accordance with the terms of our engagement letter dated . Our work has been undertaken solely to prepare for your approval the accounts of White Mink Ltd and state those matters that we have agreed to state to the directors of White Mink Ltd , as a body, in this report in accordance with ICAEW Technical Release 07/16 AAF. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than White Mink Ltd and its directors, as a body, for our work or for this report.
It is your duty to ensure that White Mink 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 or loss of White Mink Ltd . You consider that White Mink Ltd is exempt from the statutory audit requirement for the year.
We have not been instructed to carry out an audit of the accounts of White Mink 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 financial statements.
Signed
30/08/2024
Carter Blake & Co
Chartered Accountants
85 Great Portland Street
First Floor
London
W1W 7LT
Page 1
Page 2
Balance Sheet
Registered number: 07298629
2023 2022
Notes £ £ £ £
CURRENT ASSETS
Debtors 4 39,000 45,000
Cash at bank and in hand 3,356 4,117
42,356 49,117
Creditors: Amounts Falling Due Within One Year 5 (11,155 ) (11,153 )
NET CURRENT ASSETS (LIABILITIES) 31,201 37,964
TOTAL ASSETS LESS CURRENT LIABILITIES 31,201 37,964
Creditors: Amounts Falling Due After More Than One Year 6 (35,648 ) (41,204 )
NET LIABILITIES (4,447 ) (3,240 )
CAPITAL AND RESERVES
Called up share capital 7 2 2
Profit and Loss Account (4,449 ) (3,242 )
SHAREHOLDERS' FUNDS (4,447) (3,240)
For the year ending 31 December 2023 the company was entitled to exemption from audit 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 company has taken advantage of section 444(1) of the Companies Act 2006 and opted not to deliver to the registrar a copy of the company's Profit and Loss Account.
On behalf of the board
Mr A Kaneria
Director
30/08/2024
The notes on pages 3 to 4 form part of these financial statements.
Page 2
Page 3
Notes to the Financial Statements
1. General Information
White Mink Ltd is a private company, limited by shares, incorporated in England & Wales, registered number 07298629 . The registered office is 85 Great Portland Street, First Floor, London, W1W 7LT.
2. Accounting Policies
2.1. Basis of Preparation of Financial Statements
The financial statements have been prepared under the historical cost convention and in accordance with Financial Reporting Standard 102 section 1A Small Entities "The Financial Reporting Standard applicable in the UK and Republic of Ireland" and the Companies Act 2006.
2.2. Going Concern Disclosure
The directors have not identified any material uncertainties related to events or conditions that may cast significant doubt about the company's ability to continue as a going concern.
2.3. 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 is reduced for estimated customer returns, rebates and other similar allowances.
Sale of goods
Turnover from the sale of goods is recognised when the significant risks and rewards of ownership of the goods has transferred to the buyer. This is usually at the point that the customer has signed for the delivery of the goods.
Rendering of services
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. Turnover is only recognised to the extent of recoverable expenses when the outcome of a contract cannot be estimated reliably.
2.4. Taxation
Income tax expense represents the sum of the tax currently payable and deferred tax.
The tax currently payable is based on taxable profit for the year. Taxable profit differs from profit as reported in the statement of comprehensive income because of items of income or expense that are taxable or deductible in other year and items that are never taxable or deductible. The company's liability for current tax is calculated using tax rates that have been enacted or substantively enacted by the end of the reporting period.
Deferred tax is recognised on timing differences between the carrying amounts of assets and liabilities in the financial statements and the corresponding tax bases used in the computation of taxable profit. Deferred tax liabilities are generally recognised for all taxable timing differences. Deferred tax assets are generally recognised for all deductible temporary differences to the extent that it is probable that taxable profits will be available against which those deductible timing differences can be utilised. The carrying amount of deferred tax assets is reviewed at the end of each reporting period and reduced to the extent that it is no longer probable that sufficient taxable profits will be available to allow all or part of the asset to be recovered.
Deferred tax assets and liabilities are measured at the tax rates that are expected to apply in the period in which the liability is settled or the asset realised, based on tax rates (and tax laws) that have been enacted or substantively enacted by the end of the reporting period. Deferred tax liabilities are presented within provisions for liabilities and deferred tax assets within debtors. The measurement of deferred tax liabilities and asset reflects the tax consequences that would follow from the manner in which the Company expects, at the end of the reporting period, to recover or settle the carrying amount of its assets and liabilities.
Current or deferred tax for the year is recognised in profit or loss, except when they related to items that are recognised in other comprehensive income or directly in equity, in which case, the current and deferred tax is also recognised in other comprehensive income or directly in equity respectively.
3. Average Number of Employees
Average number of employees, including directors, during the year was: 2 (2022: 2)
2 2
Page 3
Page 4
4. Debtors
2023 2022
£ £
Due within one year
Other debtors 39,000 -
Due after more than one year
Other debtors - 45,000
39,000 45,000
5. Creditors: Amounts Falling Due Within One Year
2023 2022
£ £
Trade creditors 457 455
Accruals and deferred income 10,676 10,676
Directors' loan accounts 22 22
11,155 11,153
6. Creditors: Amounts Falling Due After More Than One Year
2023 2022
£ £
Bank loans 35,648 41,204
7. Share Capital
2023 2022
£ £
Allotted, Called up and fully paid 2 2
Page 4