2023-03-012024-02-292024-02-29false11834825WHITE ROSE ELECTRICAL LTD2024-04-24iso4217:GBPxbrli:pure118348252023-03-01118348252024-02-29118348252023-03-012024-02-29118348252022-03-01118348252023-02-28118348252022-03-012023-02-2811834825bus:SmallEntities2023-03-012024-02-2911834825bus:AuditExempt-NoAccountantsReport2023-03-012024-02-2911834825bus:FullAccounts2023-03-012024-02-2911834825bus:PrivateLimitedCompanyLtd2023-03-012024-02-2911834825core:WithinOneYear2024-02-2911834825core:AfterOneYear2024-02-2911834825core:WithinOneYear2023-02-2811834825core:AfterOneYear2023-02-2811834825core:ShareCapital2024-02-2911834825core:SharePremium2024-02-2911834825core:RevaluationReserve2024-02-2911834825core:OtherReservesSubtotal2024-02-2911834825core:RetainedEarningsAccumulatedLosses2024-02-2911834825core:ShareCapital2023-02-2811834825core:SharePremium2023-02-2811834825core:RevaluationReserve2023-02-2811834825core:OtherReservesSubtotal2023-02-2811834825core:RetainedEarningsAccumulatedLosses2023-02-2811834825core:LandBuildings2024-02-2911834825core:PlantMachinery2024-02-2911834825core:Vehicles2024-02-2911834825core:FurnitureFittings2024-02-2911834825core:OfficeEquipment2024-02-2911834825core:NetGoodwill2024-02-2911834825core:IntangibleAssetsOtherThanGoodwill2024-02-2911834825core:ListedExchangeTraded2024-02-2911834825core:UnlistedNon-exchangeTraded2024-02-2911834825core:LandBuildings2023-02-2811834825core:PlantMachinery2023-02-2811834825core:Vehicles2023-02-2811834825core:FurnitureFittings2023-02-2811834825core:OfficeEquipment2023-02-2811834825core:NetGoodwill2023-02-2811834825core:IntangibleAssetsOtherThanGoodwill2023-02-2811834825core:ListedExchangeTraded2023-02-2811834825core:UnlistedNon-exchangeTraded2023-02-2811834825core:LandBuildings2023-03-012024-02-2911834825core:PlantMachinery2023-03-012024-02-2911834825core:Vehicles2023-03-012024-02-2911834825core:FurnitureFittings2023-03-012024-02-2911834825core:OfficeEquipment2023-03-012024-02-2911834825core:NetGoodwill2023-03-012024-02-2911834825core:IntangibleAssetsOtherThanGoodwill2023-03-012024-02-2911834825core:ListedExchangeTraded2023-03-012024-02-2911834825core:UnlistedNon-exchangeTraded2023-03-012024-02-2911834825core:MoreThanFiveYears2023-03-012024-02-2911834825core:Non-currentFinancialInstruments2024-02-2911834825core:Non-currentFinancialInstruments2023-02-2811834825dpl:CostSales2023-03-012024-02-2911834825dpl:DistributionCosts2023-03-012024-02-2911834825core:LandBuildings2023-03-012024-02-2911834825core:PlantMachinery2023-03-012024-02-2911834825core:Vehicles2023-03-012024-02-2911834825core:FurnitureFittings2023-03-012024-02-2911834825core:OfficeEquipment2023-03-012024-02-2911834825dpl:AdministrativeExpenses2023-03-012024-02-2911834825core:NetGoodwill2023-03-012024-02-2911834825core:IntangibleAssetsOtherThanGoodwill2023-03-012024-02-2911834825dpl:GroupUndertakings2023-03-012024-02-2911834825dpl:ParticipatingInterests2023-03-012024-02-2911834825dpl:GroupUndertakingscore:ListedExchangeTraded2023-03-012024-02-2911834825core:ListedExchangeTraded2023-03-012024-02-2911834825dpl:GroupUndertakingscore:UnlistedNon-exchangeTraded2023-03-012024-02-2911834825core:UnlistedNon-exchangeTraded2023-03-012024-02-2911834825dpl:CostSales2022-03-012023-02-2811834825dpl:DistributionCosts2022-03-012023-02-2811834825core:LandBuildings2022-03-012023-02-2811834825core:PlantMachinery2022-03-012023-02-2811834825core:Vehicles2022-03-012023-02-2811834825core:FurnitureFittings2022-03-012023-02-2811834825core:OfficeEquipment2022-03-012023-02-2811834825dpl:AdministrativeExpenses2022-03-012023-02-2811834825core:NetGoodwill2022-03-012023-02-2811834825core:IntangibleAssetsOtherThanGoodwill2022-03-012023-02-2811834825dpl:GroupUndertakings2022-03-012023-02-2811834825dpl:ParticipatingInterests2022-03-012023-02-2811834825dpl:GroupUndertakingscore:ListedExchangeTraded2022-03-012023-02-2811834825core:ListedExchangeTraded2022-03-012023-02-2811834825dpl:GroupUndertakingscore:UnlistedNon-exchangeTraded2022-03-012023-02-2811834825core:UnlistedNon-exchangeTraded2022-03-012023-02-2811834825core:NetGoodwill2024-02-2911834825core:IntangibleAssetsOtherThanGoodwill2024-02-2911834825core:LandBuildings2024-02-2911834825core:PlantMachinery2024-02-2911834825core:Vehicles2024-02-2911834825core:FurnitureFittings2024-02-2911834825core:OfficeEquipment2024-02-2911834825core:AfterOneYear2024-02-2911834825core:WithinOneYear2024-02-2911834825core:ListedExchangeTraded2024-02-2911834825core:UnlistedNon-exchangeTraded2024-02-2911834825core:ShareCapital2024-02-2911834825core:SharePremium2024-02-2911834825core:RevaluationReserve2024-02-2911834825core:OtherReservesSubtotal2024-02-2911834825core:RetainedEarningsAccumulatedLosses2024-02-2911834825core:NetGoodwill2023-02-2811834825core:IntangibleAssetsOtherThanGoodwill2023-02-2811834825core:LandBuildings2023-02-2811834825core:PlantMachinery2023-02-2811834825core:Vehicles2023-02-2811834825core:FurnitureFittings2023-02-2811834825core:OfficeEquipment2023-02-2811834825core:AfterOneYear2023-02-2811834825core:WithinOneYear2023-02-2811834825core:ListedExchange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WHITE ROSE ELECTRICAL LTD

Registered Number
11834825
(England and Wales)

Unaudited Financial Statements for the Year ended
29 February 2024

WHITE ROSE ELECTRICAL LTD
Company Information
for the year from 1 March 2023 to 29 February 2024

Directors

MARTIN, James Richmond
MCCARDLE, Russell Edward

Registered Address

36 Heslington Lane
York
YO10 4LX

Registered Number

11834825 (England and Wales)
WHITE ROSE ELECTRICAL LTD
Balance Sheet as at
29 February 2024

Notes

2024

2023

£

£

£

£

Fixed assets
Tangible assets4104,3661,809
Investments-41,551
104,36643,360
Current assets
Stocks547,00032,000
Debtors639,0082,960
Cash at bank and on hand3,42116,586
89,42951,546
Creditors amounts falling due within one year7(150,462)(29,926)
Net current assets (liabilities)(61,033)21,620
Total assets less current liabilities43,33364,980
Provisions for liabilities9(19,830)(344)
Net assets23,50364,636
Capital and reserves
Called up share capital100100
Profit and loss account23,40364,536
Shareholders' funds23,50364,636
The financial statements were approved and authorised for issue by the Board of Directors on 24 April 2024, and are signed on its behalf by:
MARTIN, James Richmond
Director
MCCARDLE, Russell Edward
Director

Registered Company No. 11834825
WHITE ROSE ELECTRICAL LTD
Notes to the Financial Statements
for the year ended 29 February 2024

1.Accounting policies
Statutory information
The company is a private company limited by shares and registered in England and Wales. The company's registered number and registered office address can be found on the Company Information page.
Statement of compliance
The financial statements have been prepared in compliance with FRS 102 Section 1A as it applies to the financial statements for the period and there were no material departures from the reporting standard.
Functional and presentation currency
The financial statements are presented in sterling and this is the functional currency of the company.
Turnover policy
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.
Revenue from sale of goods
Turnover from the sale of goods is recognised when the significant risks and rewards of ownership of the goods have transferred to the buyer. 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.
Finance costs
Finance costs charged to the profit or loss include interest expense calculated using the effective interest method from FRS 102:11, finance charges on finance leases, and exchange differences on foreign currency borrowings where these are treated as an adjustment to interest costs.
Foreign currency translation
Transactions in foreign currencies are initially recognised at the rate of exchange ruling at the date of the transaction. At the end of each reporting period foreign currency monetary items are translated at the closing rate of exchange. Non-monetary items that are measured at historical cost are translated at the rate ruling at the date of the transaction. All differences are charged to profit or loss.
Current taxation
Current tax is recognised on taxable profit for the current and past periods. Current tax is measured at the amounts of tax expected to pay or recover using the tax rates and laws that have been enacted or substantively enacted at the reporting date.
Deferred tax
Deferred tax is recognised in respect of all timing differences between the recognition of income and expenses in the financial statements and their inclusion in tax assessments. 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. Deferred tax is measured using the tax rates and laws that have been enacted or substantively enacted by the reporting date and that are expected to apply to the reversal of the timing difference, except for revalued land and investment property where the tax rate that applies to the sale of the asset is used. Current and deferred tax assets and liabilities are not discounted.
Tangible fixed assets and depreciation
Tangible fixed assets are stated at cost or valuation less depreciation. Depreciation is provided on all tangible fixed assets as follows:

Straight line (years)
Vehicles3
Office Equipment3
Finance leases and hire purchase contracts
Assets held under finance leases which are leases where substantially all the risks and rewards of ownership of the asset have passed to the company, and hire purchase contracts are capitalised in the balance sheet. They are depreciated over the shorter of their useful lives or the term of the lease.
Stocks and work in progress
Stocks are valued at the lower of cost and estimated selling price (less any associated costs to enable such sales to complete).
Share capital
Ordinary shares are classified as equity. Incremental costs directly attributable to the issue of new ordinary shares or options are shown in equity as a deduction, net of tax, from the proceeds.
2.Average number of employees
Includes Directors on the payroll

20242023
Average number of employees during the year33
3.Deferred tax
Increases in the UK Corporation tax rate from 19% to 25% (19% effective from 1 April 2017, and 25% effective from 1 April 2023) have been substantively enacted. This will impact the company's future tax charge accordingly. The value of the deferred tax assets at the balance sheet date has been calculated using the applicable rate when the asset is expected to be realised.
4.Tangible fixed assets

Vehicles

Office Equipment

Total

£££
Cost or valuation
At 01 March 235,2503825,632
Additions104,173290104,463
At 29 February 24109,423672110,095
Depreciation and impairment
At 01 March 233,5003233,823
Charge for year1,7501561,906
At 29 February 245,2504795,729
Net book value
At 29 February 24104,173193104,366
At 28 February 231,750591,809
5.Stocks
Stocks are held at the lower of cost and net realisable value. The cost of inventories includes the cost of purchase, conversion, and any other costs incurred to bring the inventory to its present location and condition.

2024

2023

££
Raw materials and consumables12,00012,000
Work in progress35,00020,000
Total47,00032,000
6.Debtors: amounts due within one year

2024

2023

££
Trade debtors / trade receivables27,2061,800
Other debtors11,8021,160
Total39,0082,960
7.Creditors: amounts due within one year

2024

2023

££
Trade creditors / trade payables72,78713,816
Amounts owed to related parties8,941-
Taxation and social security1,31116,110
Finance lease and HP contracts67,423-
Total150,46229,926
8.Creditors: amounts due after one year
9.Provisions for liabilities

2024

2023

££
Net deferred tax liability (asset)19,830344
Total19,830344