Mike White Limited - Filleted accounts

Registered number

08471360

Mike White Limited

Filleted Accounts

30 April 2025

Mike White Limited
Registered number:		08471360
Balance Sheet
as at 30 April 2025

Notes			2025			2024
£				£
Fixed assets
Tangible assets	3		127,298			122,905

Current assets
Stocks		2,100			2,100
Debtors	4	241,278			227,812
Cash at bank and in hand		371,093			346,533
		614,471			576,445

Creditors: amounts falling due within one year	5	(121,249)			(89,992)

Net current assets			493,222			486,453

Total assets less current liabilities			620,520			609,358


Provisions for liabilities			(9,106)			(12,142)


Net assets			611,414			597,216

Capital and reserves
Called up share capital			2			2
Profit and loss account			611,412			597,214

Shareholders' funds			611,414			597,216

The directors are satisfied that the company is entitled to exemption from the requirement to obtain an audit under section 477 of the Companies Act 2006.
The members have not required the company to obtain an audit in accordance with section 476 of the Act.
The directors acknowledge their responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of accounts.
The accounts have been prepared and delivered in accordance with the special provisions applicable to companies subject to the small companies regime. The profit and loss account has not been delivered to the Registrar of Companies.




0
Director
Approved by the board on 23 October 2025

Mike White Limited
Notes to the Accounts
for the year ended 30 April 2025


1	Accounting policies

	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).

	Turnover
	Turnover is measured at the fair value of the consideration received or receivable, net of discounts and value added taxes. Turnover includes revenue earned from the sale of goods and from the rendering of services. 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.

	Tangible fixed assets
	Tangible fixed assets are measured at cost less accumulative depreciation and any accumulative impairment losses. Depreciation is provided on all tangible fixed assets, other than freehold land, at rates calculated to write off the cost, less estimated residual value, of each asset evenly over its expected useful life, as follows:

	Plant and machinery			25% Reducing balance
	Motor Vehicles			25% Reducing balance

	Stocks
	Stocks are measured at the lower of cost and estimated selling price less costs to complete and sell. Cost is determined using the first in first out method. The carrying amount of stock sold is recognised as an expense in the period in which the related revenue is recognised.

	Debtors
	Short term debtors are measured at transaction price (which is usually the invoice price), less any impairment losses for bad and doubtful debts. Loans and other financial assets are initially recognised at transaction price including any transaction costs and subsequently measured at amortised cost determined using the effective interest method, less any impairment losses for bad and doubtful debts.

	Creditors
	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.

	Taxation
	A current tax liability is recognised for the tax payable on the taxable profit of the current and past periods. A current tax asset is recognised in respect of a tax loss that can be carried back to recover tax paid in a previous period. 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.

	Provisions
	Provisions (ie liabilities of uncertain timing or amount) are recognised when there is an obligation at the reporting date as a result of a past event, it is probable that economic benefit will be transferred to settle the obligation and the amount of the obligation can be estimated reliably.

	Pensions
	Contributions to defined contribution plans are expensed in the period to which they relate.


2	Employees					2025		2024
Number							Number

	Average number of persons employed by the company					8		9


3	Tangible fixed assets
		Land and buildings		Plant and machinery etc		Motor vehicles		Total
£			£		£		£
	Cost
	At 1 May 2024	33,645		157,336		124,785		315,766
	Additions	-		-		35,612		35,612
	At 30 April 2025	33,645		157,336		160,397		351,378

	Depreciation
	At 1 May 2024	-		116,225		76,636		192,861
	Charge for the year	-		10,278		20,941		31,219
	At 30 April 2025	-		126,503		97,577		224,080

	Net book value
	At 30 April 2025	33,645		30,833		62,820		127,298
	At 30 April 2024	33,645		41,111		48,149		122,905


4	Debtors					2025		2024
£							£

	Trade debtors					171,423		211,477
	Other debtors					69,855		16,335
						241,278		227,812


5	Creditors: amounts falling due within one year					2025		2024
£							£

	Trade creditors					51,573		30,475
	Directors Loan Account					19		367
	VAT					-		(38,189)
	Taxation and social security costs					66,427		89,410
	Other creditors					3,230		7,929
						121,249		89,992


6	Other information

	Mike White Limited is a private company limited by shares and incorporated in England. Its registered office is:
	Suite C, Compass House
	Huntworth
	North Petherton
	Somerset
	TA6 6FA