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Company Registration No. SC290219 (Scotland)
Whites Financial Management Limited Annual accounts for the year ended 30 April 2024
Whites Financial Management Limited Annual accounts Contents
Page
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Whites Financial Management Limited Company Information for the year ended 30 April 2024
Director
Simon White
Secretary
Mary White
Company Number
SC290219 (Scotland)
Registered Office
29 Stafford Street Edinburgh EH3 7BJ Scotland
Accountants
Norman Hewitt Falkirk Business Hub 45 Vicar Street FALKIRK Scotland FK1 1LL
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Whites Financial Management Limited Statement of financial position as at 30 April 2024
2024 
2023 
Notes
£ 
£ 
Fixed assets
Tangible assets
5,681 
6,687 
Current assets
Debtors
- 
600 
Cash at bank and in hand
714,675 
558,546 
714,675 
559,146 
Creditors: amounts falling due within one year
(120,244)
(88,143)
Net current assets
594,431 
471,003 
Net assets
600,112 
477,690 
Capital and reserves
Called up share capital
2 
2 
Share premium
299 
299 
Profit and loss account
599,811 
477,389 
Shareholders' funds
600,112 
477,690 
For the year ending 30 April 2024 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies. The members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.
The director acknowledges his responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.
These accounts have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies' regime and in accordance with the provisions of FRS 102 Section 1A - Small Entities. The profit and loss account has not been delivered to the Registrar of Companies.
The financial statements were approved by the Board and authorised for issue on 16 May 2024 and were signed on its behalf by
Simon White Director Company Registration No. SC290219
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Whites Financial Management Limited Notes to the Accounts for the year ended 30 April 2024
1
Statutory information
Whites Financial Management Limited is a private company, limited by shares, registered in Scotland, registration number SC290219. The registered office is 29 Stafford Street, Edinburgh, EH3 7BJ, Scotland.
2
Compliance with accounting standards
The accounts have been prepared in accordance with the provisions of FRS 102 Section 1A Small Entities. There were no material departures from that standard.
3
Accounting policies
The principal accounting policies adopted in the preparation of the financial statements are set out below and have remained unchanged from the previous year, and also have been consistently applied within the same accounts.
Basis of preparation
The accounts have been prepared under the historical cost convention as modified by the revaluation of certain fixed assets.
Presentation currency
The accounts are presented in £ sterling.
Tangible fixed assets and depreciation
Tangible assets are included at cost less depreciation and impairment. Depreciation has been provided at the following rates in order to write off the assets over their estimated useful lives:
Plant & machinery
15% reducing balance basis
4
Tangible fixed assets
Plant & machinery 
£ 
Cost or valuation
At cost 
At 1 May 2023
59,298 
At 30 April 2024
59,298 
Depreciation
At 1 May 2023
52,611 
Charge for the year
1,006 
At 30 April 2024
53,617 
Net book value
At 30 April 2024
5,681 
At 30 April 2023
6,687 
5
Debtors
2024 
2023 
£ 
£ 
Amounts falling due within one year
Trade debtors
- 
600 
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Whites Financial Management Limited Notes to the Accounts for the year ended 30 April 2024
6
Creditors: amounts falling due within one year
2024 
2023 
£ 
£ 
Taxes and social security
97,244 
78,144 
Other creditors
- 
9,999 
Loans from directors
23,000 
- 
120,244 
88,143 
7
Share capital
2024 
2023 
£ 
£ 
Allotted, called up and fully paid:
2 Ordinary shares of £1 each
2 
2 
8
Average number of employees
During the year the average number of employees was 3 (2023: 3).
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