2024-01-012024-12-312024-12-31false11541726WHITE FX 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WHITE FX LTD

Registered Number
11541726
(England and Wales)

Unaudited Financial Statements for the Year ended
31 December 2024

WHITE FX LTD
Company Information
for the year from 1 January 2024 to 31 December 2024

Director

WHITE, Benjamen James

Registered Address

6 Edison Village
Nottingham Science & Technology Park
Nottingham
NG7 2RF

Registered Number

11541726 (England and Wales)
WHITE FX LTD
Balance Sheet as at
31 December 2024

Notes

2024

2023

£

£

£

£

Fixed assets
Tangible assets33,4165,255
Investments471,701-
75,1175,255
Current assets
Debtors519,340148,170
Cash at bank and on hand121,858125,838
141,198274,008
Creditors amounts falling due within one year6(44,907)(37,061)
Net current assets (liabilities)96,291236,947
Total assets less current liabilities171,408242,202
Creditors amounts falling due after one year7(31,730)-
Provisions for liabilities8(2,165)-
Net assets137,513242,202
Capital and reserves
Called up share capital11
Other reserves6,463-
Profit and loss account131,049242,201
Shareholders' funds137,513242,202
The financial statements were approved and authorised for issue by the Director on 29 July 2025, and are signed on its behalf by:
WHITE, Benjamen James
Director
Registered Company No. 11541726
WHITE FX LTD
Notes to the Financial Statements
for the year ended 31 December 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 accordance with the Companies Act 2006 and FRS 102 The Financial Reporting Standard applicable in the UK and Republic of Ireland including Section 1A Small Entities.
Basis of preparation
The accounts have been prepared under the historical cost convention and in accordance with FRS 102, the financial reporting standard applicable in the UK and Republic of Ireland (as applied to small entities by section 1A of the standard).
Functional and presentation currency
The financial statements are presented in sterling and this is the functional currency of the company.
Revenue from rendering of services
Revenue 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. Turnover is only recognised to the extent of recoverable expenses when the outcome of a contract cannot be estimated reliably.
Interest income
Interest income is recognised using the effective interest rate method.
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 in profit or loss, except for taxes related to revaluations of land and buildings which are recognised in other comprehensive income. Current tax represents the amount of tax payable (receivable) in respect of taxable profit (loss) for the current, or past, reporting periods. Current tax is measured at the amount expected to be paid (recovered) using the tax rates and laws which have been enacted, or substantively enacted, by the balance sheet date. Where payments to HM Revenue and Customs exceed liabilities owed, an asset is recognised to the extent of the amount of tax recoverable.
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
All fixed assets are initially recorded at cost. Property, plant and equipment is used in the company's principal activity for the production and supply of goods or for administrative purposes and is stated in the balance sheet under the historic cost model. This model requires the assets to be stated at cost less amounts in respect of depreciation and less any accumulated impairment losses. Depreciation is calculated so as to write off the cost of an asset, less its estimated residual value (which is the expected amount that would currently be obtained from disposal of an asset, after deducting the estimated costs of disposal, if the asset were already of the age and in the condition expected at the end of its useful life), over the useful economic life of the respective asset as follows:

Straight line (years)
Office Equipment4
Investments
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 year11
3.Tangible fixed assets

Office Equipment

Total

££
Cost or valuation
At 01 January 248,8498,849
Additions561561
Disposals(905)(905)
At 31 December 248,5058,505
Depreciation and impairment
At 01 January 243,5943,594
Charge for year2,0142,014
On disposals(519)(519)
At 31 December 245,0895,089
Net book value
At 31 December 243,4163,416
At 31 December 235,2555,255
4.Fixed asset investments

Other investments1

Total

££
Cost or valuation
Additions63,72163,721
Revaluations7,9807,980
At 31 December 2471,70171,701
Net book value
At 31 December 2471,70171,701
At 31 December 23--

Notes

1Other investments other than loans
5.Debtors: amounts due within one year

2024

2023

££
Trade debtors / trade receivables19,34035,523
Amounts owed by associates and joint ventures / participating interests-112,647
Total19,340148,170
6.Creditors: amounts due within one year

2024

2023

££
Trade creditors / trade payables2,786-
Bank borrowings and overdrafts22,66012,250
Amounts owed to related parties22-
Taxation and social security17,97521,486
Accrued liabilities and deferred income1,4643,325
Total44,90737,061
7.Creditors: amounts due after one year

2024

2023

££
Bank borrowings and overdrafts31,730-
Total31,730-
8.Provisions for liabilities

2024

2023

££
Net deferred tax liability (asset)2,165-
Total2,165-
9.Related party transactions
During the year interest free loans were made available to the business by directors of £22.