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REGISTERED NUMBER: 06821688 (England and Wales)















UNAUDITED FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2024

FOR

SEAN WHITE LIMITED

SEAN WHITE LIMITED (REGISTERED NUMBER: 06821688)






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


SEAN WHITE LIMITED

COMPANY INFORMATION
FOR THE YEAR ENDED 31 MARCH 2024







DIRECTORS: S D White
Mrs J M White





SECRETARY: Mrs J M White





REGISTERED OFFICE: 6 Tamworth Rd
Bedford
Bedfordshire
MK41 8QY





REGISTERED NUMBER: 06821688 (England and Wales)





ACCOUNTANTS: Bayler Wood Associates Ltd
Chartered Certified Accountants
2 Church Lane
Walgrave
Northamptonshire
NN6 9QH

SEAN WHITE LIMITED (REGISTERED NUMBER: 06821688)

BALANCE SHEET
31 MARCH 2024

31.3.24 31.3.23
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 37,137 51,732
Investment property 5 405,000 405,000
442,137 456,732

CURRENT ASSETS
Debtors 6 60,700 64,108
Cash at bank 46,108 28,593
106,808 92,701
CREDITORS
Amounts falling due within one year 7 76,233 82,293
NET CURRENT ASSETS 30,575 10,408
TOTAL ASSETS LESS CURRENT
LIABILITIES

472,712

467,140

PROVISIONS FOR LIABILITIES 23,311 24,413
NET ASSETS 449,401 442,727

CAPITAL AND RESERVES
Called up share capital 8 200 200
Undistributable reserve 9 58,336 58,336
Retained earnings 390,865 384,191
SHAREHOLDERS' FUNDS 449,401 442,727

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 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.

SEAN WHITE LIMITED (REGISTERED NUMBER: 06821688)

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 Income Statement has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 25 November 2024 and were signed on its behalf by:





S D White - Director


SEAN WHITE LIMITED (REGISTERED NUMBER: 06821688)

NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2024

1. STATUTORY INFORMATION

Sean 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 as modified by the revaluation of certain assets.

Turnover
Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life or, if held under a finance lease, over the lease term, whichever is the shorter.
Plant and machinery - 15% on cost
Motor vehicles - 20% on cost
Computer equipment - 33% on cost

Investment property
Investment property is shown at most recent valuation. Any aggregate surplus or deficit arising from changes in fair value is recognised in undistributable reserves.

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
Assets obtained under hire purchase contracts or finance leases are capitalised in the balance sheet. Those held under hire purchase contracts are depreciated over their estimated useful lives. Those held under finance leases are depreciated over their estimated useful lives or the lease term, whichever is the shorter.

The interest element of these obligations is charged to profit or loss over the relevant period. The capital element of the future payments is treated as a liability.

SEAN WHITE LIMITED (REGISTERED NUMBER: 06821688)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 MARCH 2024

2. ACCOUNTING POLICIES - continued

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 3 (2023 - 3 ) .

4. TANGIBLE FIXED ASSETS
Plant and Motor Computer
machinery vehicles equipment Totals
£    £    £    £   
COST
At 1 April 2023 76,573 30,643 4,006 111,222
Additions - - 624 624
Transfer to ownership (1 ) - - (1 )
At 31 March 2024 76,572 30,643 4,630 111,845
DEPRECIATION
At 1 April 2023 32,521 23,511 3,458 59,490
Charge for year 9,988 4,779 451 15,218
At 31 March 2024 42,509 28,290 3,909 74,708
NET BOOK VALUE
At 31 March 2024 34,063 2,353 721 37,137
At 31 March 2023 44,052 7,132 548 51,732

Fixed assets, included in the above, which are held under hire purchase contracts are as follows:
Plant and
machinery
£   
COST
At 1 April 2023 59,841
Transfer to ownership (59,841 )
At 31 March 2024 -
DEPRECIATION
At 1 April 2023 20,196
Charge for year 8,976
Transfer to ownership (29,172 )
At 31 March 2024 -
NET BOOK VALUE
At 31 March 2024 -
At 31 March 2023 39,645

SEAN WHITE LIMITED (REGISTERED NUMBER: 06821688)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 MARCH 2024

5. INVESTMENT PROPERTY
Total
£   
FAIR VALUE
At 1 April 2023
and 31 March 2024 405,000
NET BOOK VALUE
At 31 March 2024 405,000
At 31 March 2023 405,000

Included in fair value of investment property is freehold land of £ 405,000 (2023 - £ 405,000 ) which is not depreciated.

The directors are of the opinion that the current fair value is not materially different to the value stated in the
accounts, therefore no valuation adjustment has been entered for 2024.

Fair value at 31 March 2024 is represented by:
£   
Valuation in 2017 72,920
Cost 332,080
405,000

If the investment property had not been revalued it would have been included at the following historical cost:

31.3.24 31.3.23
£    £   
Cost 332,080 332,080

6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.3.24 31.3.23
£    £   
Trade debtors 59,971 63,419
Prepayments 729 689
60,700 64,108

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.3.24 31.3.23
£    £   
Hire purchase contracts - 7,517
Social security and other taxes 29,855 25,261
VAT 1,302 958
Directors loan account 42,964 46,466
Sundry creditors and accruals 2,112 2,091
76,233 82,293

SEAN WHITE LIMITED (REGISTERED NUMBER: 06821688)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 MARCH 2024

8. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 31.3.24 31.3.23
value: £    £   
100 Ordinary £1 100 100
100 'A' Ordinary £1 100 100
200 200

9. RESERVES
Undistributable
reserve
£   
At 1 April 2023
and 31 March 2024 58,336

Undistributable reserves are made up of fair value and deferred tax adjustments to investment property. These are shown separately from profit and loss account reserves as they are not distributable to shareholders.