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WHITEBULLET SOLUTIONS LIMITED

FINANCIAL STATEMENTS FOR THE YEAR ENDED 31ST DECEMBER 2023






WHITEBULLET SOLUTIONS LIMITED (REGISTERED NUMBER: 08347563)






CONTENTS OF THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31ST DECEMBER 2023




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


WHITEBULLET SOLUTIONS LIMITED

COMPANY INFORMATION
FOR THE YEAR ENDED 31ST DECEMBER 2023







DIRECTORS: P G Szyszko
C R Vivian





REGISTERED OFFICE: 2 Villiers Court
40 Upper Mulgrave Road
Cheam
Surrey
SM2 7AJ





REGISTERED NUMBER: 08347563 (England and Wales)





ACCOUNTANTS: Halsey & Co (Accountants) Ltd.
Chartered Certified Accountants
Registered Auditors
2 Villiers Court
40 Upper Mulgrave Road
Cheam
Surrey
SM2 7AJ

WHITEBULLET SOLUTIONS LIMITED (REGISTERED NUMBER: 08347563)

BALANCE SHEET
31ST DECEMBER 2023

31.12.23 31.12.22
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 14,648 19,574

CURRENT ASSETS
Debtors 5 246,807 370,051
Cash at bank 640 49,832
247,447 419,883
CREDITORS
Amounts falling due within one year 6 274,624 303,342
NET CURRENT (LIABILITIES)/ASSETS (27,177 ) 116,541
TOTAL ASSETS LESS CURRENT
LIABILITIES

(12,529

)

136,115

CREDITORS
Amounts falling due after more than one
year

7

758,679

905,484
NET LIABILITIES (771,208 ) (769,369 )

CAPITAL AND RESERVES
Called up share capital 8 101 101
Retained earnings 9 (771,309 ) (769,470 )
SHAREHOLDERS' FUNDS (771,208 ) (769,369 )

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

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

WHITEBULLET SOLUTIONS LIMITED (REGISTERED NUMBER: 08347563)

BALANCE SHEET - continued
31ST 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 2nd May 2024 and were signed on its behalf by:





P G Szyszko - Director


WHITEBULLET SOLUTIONS LIMITED (REGISTERED NUMBER: 08347563)

NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31ST DECEMBER 2023

1. STATUTORY INFORMATION

Whitebullet Solutions 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.

Where invoiced income relates to a subscription covering periods beyond the year end, the income is deferred and realised in the period that the services are delivered.

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 reducing balance
Computer equipment - 25% on reducing balance

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.

Hire purchase and leasing commitments
Rentals paid under operating leases are charged to profit or loss on a straight line basis over the period of the lease.

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 6 (2022 - 6 ) .

WHITEBULLET SOLUTIONS LIMITED (REGISTERED NUMBER: 08347563)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31ST DECEMBER 2023

4. TANGIBLE FIXED ASSETS
Fixtures
and Computer
fittings equipment Totals
£    £    £   
COST
At 1st January 2023
and 31st December 2023 915 42,759 43,674
DEPRECIATION
At 1st January 2023 529 23,571 24,100
Charge for year 129 4,797 4,926
At 31st December 2023 658 28,368 29,026
NET BOOK VALUE
At 31st December 2023 257 14,391 14,648
At 31st December 2022 386 19,188 19,574

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.12.23 31.12.22
£    £   
Trade debtors 38,840 192,635
Amounts owed by associates 8,806 8,806
Other debtors 199,161 168,610
246,807 370,051

Deferred tax asset
31.12.23 31.12.22
£    £   
Accelerated capital allowances (3,662 ) (3,719 )
Tax losses carried forward 10,017 10,117
6,355 6,398

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.12.23 31.12.22
£    £   
Bank loans and overdrafts 14,749 6,950
Trade creditors 30,242 79,632
Taxation and social security (74,706 ) (156,641 )
Other creditors 304,339 373,401
274,624 303,342

WHITEBULLET SOLUTIONS LIMITED (REGISTERED NUMBER: 08347563)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31ST DECEMBER 2023

7. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
31.12.23 31.12.22
£    £   
Bank loans 34,316 40,051
Amounts owed to associates 17,675 20,175
Other creditors 706,688 845,258
758,679 905,484

Other creditors comprises in part amounts owing in respect of a seven year loan facility in place with Innovate UK Loans Limited.

8. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 31.12.23 31.12.22
value: £    £   
101 ordinary £1 101 101

9. RESERVES
Retained
earnings
£   

At 1st January 2023 (769,470 )
Deficit for the year (1,839 )
At 31st December 2023 (771,309 )