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Registration number: 13216553

White Rose Innovation Agency Limited

Annual Report and Unaudited Financial Statements

for the Year Ended 28 February 2025

 

White Rose Innovation Agency Limited

Contents

Balance Sheet

1

Notes to the Unaudited Financial Statements

2 to 4

 

White Rose Innovation Agency Limited

(Registration number: 13216553)
Balance Sheet as at 28 February 2025

Note

2025
£

2024
£

Current assets

 

Debtors

4

20,260

4,333

Cash at bank and in hand

 

6,509

2,089

 

26,769

6,422

Creditors: Amounts falling due within one year

5

(26,519)

(6,246)

Net assets

 

250

176

Capital and reserves

 

Called up share capital

6

100

100

Retained earnings

150

76

Shareholders' funds

 

250

176

For the financial year ending 28 February 2025 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

Directors' responsibilities:

The members have not required the company to obtain an audit of its accounts for the year in question in accordance with section 476; and

The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.

These financial statements have been prepared in accordance with the special provisions relating to companies subject to the small companies regime within Part 15 of the Companies Act 2006.

Approved and authorised by the Board on 9 April 2025 and signed on its behalf by:
 

Mr M R Mildren
Director

Mr D M Smith
Director

 
     
 

White Rose Innovation Agency Limited

Notes to the Unaudited Financial Statements for the Year Ended 28 February 2025

1

General information

The company is a private company limited by share capital, incorporated in United Kingdom.

The address of its registered office is:
Building 3
White Rose Office Park
Millshaw Park Lane
Leeds
West Yorkshire
LS11 0DL

These financial statements were authorised for issue by the Board on 9 April 2025.

2

Accounting policies

Statement of compliance

These financial statements have been prepared in accordance with Financial Reporting Standard 102 Section 1A smaller entities - 'The Financial Reporting Standard applicable in the United Kingdom and Republic of Ireland' and the Companies Act 2006 (as applicable to companies subject to the small companies' regime).

Basis of preparation

These financial statements have been prepared using the historical cost convention except that as disclosed in the accounting policies certain items are shown at fair value.

Going concern

The financial statements have been prepared on a going concern basis.

Revenue recognition

Turnover comprises the fair value of the consideration received or receivable for the sale of goods and provision of services in the ordinary course of the company’s activities. Turnover is shown net of sales/value added tax, returns, rebates and discounts.

The company recognises revenue when:
The amount of revenue can be reliably measured;
it is probable that future economic benefits will flow to the entity;
and specific criteria have been met for each of the company's activities.

Tax

The tax expense for the period comprises current tax. Tax is recognised in profit or loss, except that a change attributable to an item of income or expense recognised as other comprehensive income is also recognised directly in other comprehensive income.

The current income tax charge is calculated on the basis of tax rates and laws that have been enacted or substantively enacted by the reporting date in the countries where the company operates and generates taxable income.

 

White Rose Innovation Agency Limited

Notes to the Unaudited Financial Statements for the Year Ended 28 February 2025

Borrowings

Interest-bearing borrowings are initially recorded at fair value, net of transaction costs. Interest-bearing borrowings are subsequently carried at amortised cost, with the difference between the proceeds, net of transaction costs, and the amount due on redemption being recognised as a charge to the profit and loss account over the period of the relevant borrowing.

Interest expense is recognised on the basis of the effective interest method and is included in interest payable and similar charges.

Borrowings are classified as current liabilities unless the company has an unconditional right to defer settlement of the liability for at least twelve months after the reporting date.

3

Staff numbers

The average number of persons employed by the company (including directors) during the year, was 2 (2024 - 2).

4

Debtors

Current

2025
£

2024
£

Trade debtors

20,200

-

Prepayments

60

18

Other debtors

-

4,315

 

20,260

4,333

 

White Rose Innovation Agency Limited

Notes to the Unaudited Financial Statements for the Year Ended 28 February 2025

5

Creditors

Creditors: amounts falling due within one year

Note

2025
£

2024
£

Due within one year

 

Loans and borrowings

7

624

3,628

Trade creditors

 

18,720

2,009

Taxation and social security

 

175

9

Accruals and deferred income

 

7,000

600

 

26,519

6,246

6

Share capital

Allotted, called up and fully paid shares

2025

2024

No.

£

No.

£

Ordinary Shares of £1 each

100

100

100

100

       

7

Loans and borrowings

Current loans and borrowings

2025
£

2024
£

Other borrowings

624

3,628