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REGISTERED NUMBER: 08001617 (England and Wales)














Financial Statements

for the Year Ended 31 March 2024

for

Douglas White Limited

Douglas White Limited (Registered number: 08001617)

Contents of the Financial Statements
for the Year Ended 31 March 2024










Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


Douglas White Limited

Company Information
for the Year Ended 31 March 2024







DIRECTOR: C E Douglas





REGISTERED OFFICE: 47 Hever Drive
Halewood
Liverpool
Merseyside
L26 6LN





REGISTERED NUMBER: 08001617 (England and Wales)





ACCOUNTANTS: SB&P
Chartered Accountants
Oriel House
2-8 Oriel Road
Bootle
Liverpool
Merseyside
L20 7EP

Douglas White Limited (Registered number: 08001617)

Balance Sheet
31 March 2024

31.3.24 31.3.23
Notes £    £    £    £   
FIXED ASSETS
Intangible assets 4 - -
Tangible assets 5 1,810 435
1,810 435

CURRENT ASSETS
Debtors 6 33,262 29,626
Investments 7 - 24,484
Cash at bank and in hand 58,691 32,386
91,953 86,496
CREDITORS
Amounts falling due within one year 8 70,294 51,376
NET CURRENT ASSETS 21,659 35,120
TOTAL ASSETS LESS CURRENT LIABILITIES 23,469 35,555

CREDITORS
Amounts falling due after more than one year 9 13,949 22,787
NET ASSETS 9,520 12,768

CAPITAL AND RESERVES
Called up share capital 10 100 100
Retained earnings 9,420 12,668
SHAREHOLDERS' FUNDS 9,520 12,768

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 March 2024.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 March 2024 in accordance with Section 476 of the Companies Act 2006.

The director acknowledges his 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.

Douglas White Limited (Registered number: 08001617)

Balance Sheet - continued
31 March 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 Statement of Income and Retained Earnings has not been delivered.

The financial statements were approved by the director and authorised for issue on 20 September 2024 and were signed by:





C E Douglas - Director


Douglas White Limited (Registered number: 08001617)

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


1. STATUTORY INFORMATION

Douglas White 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.

Goodwill
Goodwill, being the amount paid in connection with the acquisition of a business in 2016, is being amortised evenly over its estimated useful life of five 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.
Fixtures and fittings - 15% on cost
Computer equipment - 25% on cost

Taxation
Taxation for the year comprises current and deferred tax. Tax is recognised in the Statement of Income and Retained Earnings, 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 4 (2023 - 4 ) .

Douglas White Limited (Registered number: 08001617)

Notes to the Financial Statements - continued
for the Year Ended 31 March 2024


4. INTANGIBLE FIXED ASSETS
Goodwill
£   
COST
At 1 April 2023
and 31 March 2024 100,000
AMORTISATION
At 1 April 2023
and 31 March 2024 100,000
NET BOOK VALUE
At 31 March 2024 -
At 31 March 2023 -

5. TANGIBLE FIXED ASSETS
Fixtures
and Computer
fittings equipment Totals
£    £    £   
COST
At 1 April 2023 697 4,962 5,659
Additions 1,194 791 1,985
At 31 March 2024 1,891 5,753 7,644
DEPRECIATION
At 1 April 2023 508 4,716 5,224
Charge for year 257 353 610
At 31 March 2024 765 5,069 5,834
NET BOOK VALUE
At 31 March 2024 1,126 684 1,810
At 31 March 2023 189 246 435

6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.3.24 31.3.23
£    £   
Trade debtors 15,552 7,189
Directors' current accounts 16,775 16,775
Tax - 5,662
Prepayments 935 -
33,262 29,626

Douglas White Limited (Registered number: 08001617)

Notes to the Financial Statements - continued
for the Year Ended 31 March 2024


7. CURRENT ASSET INVESTMENTS
31.3.24 31.3.23
£    £   
Unlisted investments - 24,484

8. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.3.24 31.3.23
£    £   
Bank loans and overdrafts 9,327 10,319
Trade creditors 2,020 698
Tax 57,243 39,031
Accrued expenses 1,704 1,328
70,294 51,376

9. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR
31.3.24 31.3.23
£    £   
Bank loans - 1-2 years 13,949 19,256
Bank loans - 2-5 years - 3,531
13,949 22,787

10. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 31.3.24 31.3.23
value: £    £   
100 Ordinary 1.00 100 100

11. DIRECTOR'S ADVANCES, CREDITS AND GUARANTEES

The following advances and credits to a director subsisted during the years ended 31 March 2024 and 31 March 2023:

31.3.24 31.3.23
£    £   
C E Douglas
Balance outstanding at start of year 16,775 (328 )
Amounts advanced 174,236 17,103
Amounts repaid (174,236 ) -
Amounts written off - -
Amounts waived - -
Balance outstanding at end of year 16,775 16,775