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REGISTERED NUMBER: 10850141 (England and Wales)






















Unaudited Financial Statements

for the Year Ended 31 December 2023

for

White Wealth Management Ltd

White Wealth Management Ltd (Registered number: 10850141)






Contents of the Financial Statements
for the Year Ended 31 December 2023




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


White Wealth Management Ltd

Company Information
for the Year Ended 31 December 2023







DIRECTORS: D J White
Mrs C L White





REGISTERED OFFICE: Suite 5, The Lawn
Union Road
Lincoln
LN1 3BU





REGISTERED NUMBER: 10850141 (England and Wales)





ACCOUNTANTS: Wright Vigar Limited
Chartered Accountants & Business Advisers
15 Newland
Lincoln
Lincolnshire
LN1 1XG

White Wealth Management Ltd (Registered number: 10850141)

Balance Sheet
31 December 2023

2023 2022
Notes £    £    £    £   
FIXED ASSETS
Intangible assets 4 501,796 398,344
Tangible assets 5 106,563 97,993
608,359 496,337

CURRENT ASSETS
Debtors 6 4,204 1,461
Cash at bank 87,546 106,457
91,750 107,918
CREDITORS
Amounts falling due within one year 7 105,595 94,315
NET CURRENT (LIABILITIES)/ASSETS (13,845 ) 13,603
TOTAL ASSETS LESS CURRENT
LIABILITIES

594,514

509,940

CREDITORS
Amounts falling due after more than one
year

8

(351,762

)

(263,311

)

PROVISIONS FOR LIABILITIES (17,655 ) (14,339 )
NET ASSETS 225,097 232,290

CAPITAL AND RESERVES
Called up share capital 10 100 100
Retained earnings 224,997 232,190
SHAREHOLDERS' FUNDS 225,097 232,290

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 December 2023.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 December 2023 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.

White Wealth Management Ltd (Registered number: 10850141)

Balance Sheet - continued
31 December 2023


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 21 August 2024 and were signed on its behalf by:




D J White - Director



Mrs C L White - Director


White Wealth Management Ltd (Registered number: 10850141)

Notes to the Financial Statements
for the Year Ended 31 December 2023

1. STATUTORY INFORMATION

White Wealth Management Ltd 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.

Goodwill
Goodwill, being the amount paid in connection with the acquisition of a business, are being amortised evenly over their estimated useful lives of twenty years.

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.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Plant and machinery - 20% on reducing balance
Fixtures and fittings - 20% on reducing balance
Motor vehicles - 20% on reducing balance
Computer equipment - 33% on cost

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.

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 5 (2022 - 4 ) .

White Wealth Management Ltd (Registered number: 10850141)

Notes to the Financial Statements - continued
for the Year Ended 31 December 2023

4. INTANGIBLE FIXED ASSETS
Goodwill
£   
COST
At 1 January 2023 535,177
Additions 135,308
At 31 December 2023 670,485
AMORTISATION
At 1 January 2023 136,833
Charge for year 31,856
At 31 December 2023 168,689
NET BOOK VALUE
At 31 December 2023 501,796
At 31 December 2022 398,344

5. TANGIBLE FIXED ASSETS
Fixtures
Plant and and Motor Computer
machinery fittings vehicles equipment Totals
£    £    £    £    £   
COST
At 1 January 2023 3,020 42,816 63,905 13,925 123,666
Additions - - 21,857 9,251 31,108
At 31 December 2023 3,020 42,816 85,762 23,176 154,774
DEPRECIATION
At 1 January 2023 1,154 12,357 1,086 11,076 25,673
Charge for year 373 6,092 13,665 2,408 22,538
At 31 December 2023 1,527 18,449 14,751 13,484 48,211
NET BOOK VALUE
At 31 December 2023 1,493 24,367 71,011 9,692 106,563
At 31 December 2022 1,866 30,459 62,819 2,849 97,993

6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Trade debtors 140 190
Other debtors 4,064 1,271
4,204 1,461

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Hire purchase contracts 15,179 -
Taxation and social security 36,034 37,544
Other creditors 54,382 56,771
105,595 94,315

White Wealth Management Ltd (Registered number: 10850141)

Notes to the Financial Statements - continued
for the Year Ended 31 December 2023

8. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR
2023 2022
£    £   
Hire purchase contracts 53,483 46,816
Other creditors 298,279 216,495
351,762 263,311

9. SECURED DEBTS

Hire purchase liabilities are secured against the assets which they relate to.

10. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 2023 2022
value: £    £   
100 Ordinary £1 100 100