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WHITE HOLDINGS LIMITED

Registered Number
04426640
(England and Wales)

Unaudited Financial Statements for the Year ended
31 July 2024

WHITE HOLDINGS LIMITED
Company Information
for the year from 1 August 2023 to 31 July 2024

Directors

B J White
H White

Company Secretary

H White

Registered Address

C/O Ratpak Engineering Limited
Moor Lane Thorpe On The Hill
Lincoln
LN6 9BW

Registered Number

04426640 (England and Wales)
WHITE HOLDINGS LIMITED
Balance Sheet as at
31 July 2024

Notes

2024

2023

£

£

£

£

Fixed assets
Tangible assets3941,388948,749
Investments4200200
941,588948,949
Current assets
Debtors567,3892,200
Cash at bank and on hand1,142267
68,5312,467
Creditors amounts falling due within one year6(502,697)(429,436)
Net current assets (liabilities)(434,166)(426,969)
Total assets less current liabilities507,422521,980
Provisions for liabilities7(93,909)(82,006)
Net assets413,513439,974
Capital and reserves
Called up share capital100100
Revaluation reserve409,273409,273
Profit and loss account4,14030,601
Shareholders' funds413,513439,974
The financial statements were approved and authorised for issue by the Board of Directors on 19 February 2025, and are signed on its behalf by:
H White
Director
Registered Company No. 04426640
WHITE HOLDINGS LIMITED
Notes to the Financial Statements
for the year ended 31 July 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.
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.
Employee benefits
Contributions to defined contribution plans are expensed in the period to which they relate.
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.
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:

Reducing balance (%)
Plant and machinery15
Fixtures and fittings15
Vehicles25
Investments
Investments in subsidiaries, associates and joint ventures are measured at cost less any accumulated impairment losses. Listed investments are measured at fair value where the difference between cost and fair value is material. Unlisted investments are measured at fair value unless the value cannot be measured reliably, in which case they are measured at cost less any accumulated impairment losses. Changes in fair value are included in the profit and loss account.
2.Average number of employees

20242023
Average number of employees during the year03
3.Tangible fixed assets

Land & buildings

Plant & machinery

Vehicles

Fixtures & fittings

Total

£££££
Cost or valuation
At 01 August 231,000,036194,8826,46916,6701,218,057
At 31 July 241,000,036194,8826,46916,6701,218,057
Depreciation and impairment
At 01 August 23100,036149,6935,97613,603269,308
Charge for year-6,7781234607,361
At 31 July 24100,036156,4716,09914,063276,669
Net book value
At 31 July 24900,00038,4113702,607941,388
At 31 July 23900,00045,1894933,067948,749
4.Fixed asset investments

Investments in groups1

Total

££
Cost or valuation
At 01 August 23200200
At 31 July 24200200
Net book value
At 31 July 24200200
At 31 July 23200200

Notes

1Investments in group undertakings and participating interests
5.Debtors: amounts due within one year

2024

2023

££
Trade debtors / trade receivables-2,200
Other debtors67,389-
Total67,3892,200
6.Creditors: amounts due within one year

2024

2023

££
Amounts owed to related parties393,682282,412
Taxation and social security4,5527,949
Other creditors103,072137,686
Accrued liabilities and deferred income1,3911,389
Total502,697429,436
Short term creditors are measured at transaction price (which is usually the invoice price). Loans and other financial liabilities are initially recognised at transaction price net of any transaction costs and subsequently measured at amortised cost determined using the effective interest method.
7.Provisions for liabilities

2024

2023

££
Net deferred tax liability (asset)93,90982,006
Total93,90982,006
8.Related party transactions
Rat Pak Engineering Limited A loan account exists between the company and its subsidiary, Rat Pak Engineering Limited. At the balance sheet date £385,151 was owed to Rat Pak Engineering Limited (2023 - £274,795). County Coatings Limited A loan account exists between the company and its subsidiary, County Coatings Limited. At the balance sheet date £8,531 was owed to County Coatings Limited (2023 - £7,617). H White - Director There was a loan to the director, on which interest at the HMRC official rate was charged. During the year, interest totalled £750 (2023 - £nil). At the balance sheet date, the amount due from H White was £67,389 (2023 - £18 in credit)