WHITEFLARE LTD

UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 MARCH 2026

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

4

DIRECTOR:

J Lawless

REGISTERED OFFICE:

Suite 1 Bowman House Business Centre

Bowman Court

Whitehill Lane

Royal Wootton Bassett

Wiltshire

SN4 7DB

REGISTERED NUMBER:

08471073 (England and Wales)

ACCOUNTANTS:

Bowen Accountants Ltd

Chartered Accountants

Unit 1 Gate Farm

High Street

Sutton Benger

Chippenham

Wiltshire

SN15 4RE

FIXED ASSETS

Tangible assets

4

5,019

6,381

CURRENT ASSETS

Stocks

5

44,490

41,501

Debtors

6

159,974

202,437

Prepayments and accrued income

4,027

3,176

Cash at bank

104,618

97,447

313,109

344,561

CREDITORS

Amounts falling due within one year

7

116,702

145,675

NET CURRENT ASSETS

196,407

198,886

TOTAL ASSETS LESS CURRENT LIABILITIES

201,426

205,267

PROVISIONS FOR LIABILITIES

8

(1,082

)

(1,458

)

ACCRUALS AND DEFERRED INCOME

(1,536

)

(1,431

)

NET ASSETS

198,808

202,378

CAPITAL AND RESERVES

Called up share capital

100

100

Retained earnings

198,708

202,278

SHAREHOLDERS' FUNDS

198,808

202,378

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 March 2026.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 March 2026 in accordance with Section 476 of the Companies Act 2006.

The director acknowledges his responsibilities for:

(a)	ensuring that the company keeps accounting records which comply with Sections 386 and 387 of the Companies Act 2006 and

(b)

preparing financial statements which give a true and fair view of the state of affairs of the company as at the end of each financial year and of its profit or loss for each financial year in accordance with the requirements of Sections 394 and 395 and which otherwise comply with the requirements of the Companies Act 2006 relating to financial statements, so far as applicable to the company.

The financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime.

In accordance with Section 444 of the Companies Act 2006, the Statement of Income and Retained Earnings has not been delivered.

The financial statements were approved by the director and authorised for issue on 9 June 2026 and were signed by:

J Lawless - Director

1.	STATUTORY INFORMATION

WhiteFlare Ltd is a private company, limited by shares , registered in England and Wales. The company's registered number and registered office address can be found on the Company Information page.

2.	ACCOUNTING POLICIES

Basis of preparing the financial statements

These financial statements have been prepared in accordance with Financial Reporting Standard 102 "The Financial Reporting Standard applicable in the UK and Republic of Ireland" including the provisions of Section 1A "Small Entities" and the Companies Act 2006. The financial statements have been prepared under the historical cost convention.

Turnover

Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes.

Turnover represents the value of services provided under contracts to the extent that there is a right to consideration.

Where a contract has only been partially completed at the balance sheet date, turnover represents the value of service provided to date based on a proportion of the total expected consideration at completion. This value is treated as work in progress.

Tangible fixed assets

Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.

Office equipment

-

15% on reducing balance

Computer equipment

-

25% on reducing balance

Stocks

Work in progress is valued at anticipated sales value net of VAT.

Taxation

Taxation for the year comprises current and deferred tax. Tax is recognised in the Statement of Income and Retained Earnings, except to the extent that it relates to items recognised in other comprehensive income or directly in equity.

Current or deferred taxation assets and liabilities are not discounted.

Current tax is recognised at the amount of tax payable using the tax rates and laws that have been enacted or substantively enacted by the balance sheet date.

Deferred tax

Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the balance sheet date.

Timing differences arise from the inclusion of income and expenses in tax assessments in periods different from those in which they are recognised in financial statements. Deferred tax is measured using tax rates and laws that have been enacted or substantively enacted by the year end and that are expected to apply to the reversal of the timing difference.

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.

Hire purchase and leasing commitments

Rentals paid under operating leases are charged to profit or loss on a straight line basis over the period of the lease.

Pension costs and other post-retirement benefits

The company operates a defined contribution pension scheme. Contributions payable to the company's pension scheme are charged to profit or loss in the period to which they relate.

3.	EMPLOYEES AND DIRECTORS

The average number of employees during the year was 8 (2025 - 8 ) .

4.	TANGIBLE FIXED ASSETS

Office

Computer

equipment

equipment

Totals

£

£

£

COST

At 1 April 2025

and 31 March 2026

5,044

13,926

18,970

DEPRECIATION

At 1 April 2025

2,708

9,881

12,589

Charge for year

349

1,013

1,362

At 31 March 2026

3,057

10,894

13,951

NET BOOK VALUE

At 31 March 2026

1,987

3,032

5,019

At 31 March 2025

2,336

4,045

6,381

5.

STOCKS

2026

2025

£

£

Work-in-progress

44,490

41,501

6.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2026

2025

£

£

Trade debtors

159,269

201,732

Other debtors

705

705

159,974

202,437

7.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2026

2025

£

£

Tax

16,756

23,521

Social security and other taxes

18,262

16,166

VAT

41,010

46,687

Other creditors

11,090

10,029

Directors' current accounts

29,584

49,272

116,702

145,675

8.	PROVISIONS FOR LIABILITIES

2026

2025

£

£

Deferred tax

1,082

1,458

Deferred

tax

£

Balance at 1 April 2025

1,458

Credit to Statement of Income and Retained Earnings during year

(376

)

Accelerated capital allowances

Balance at 31 March 2026

1,082

9.	RELATED PARTY DISCLOSURES

At the balance sheet date the company owed its directors £ 29,584 (2025: £ 49,272). There is no interest due on this amount and is repayable on demand.

10.	ULTIMATE CONTROLLING PARTY

The controlling party is J Lawless.