White Space Trading Ltd - Filleted accounts

Registered number

12530787

White Space Trading Ltd

Filleted Accounts

31 March 2026

White Space Trading Ltd
Registered number:		12530787
Balance Sheet
as at 31 March 2026

Notes			2026			2025
£				£
Current assets
Stocks		23,841			54,374
Cash at bank and in hand		27,779			30,264
		51,620			84,638

Creditors: amounts falling due within one year	3	(2,085)			(7,357)

Net current assets			49,535			77,281

Total assets less current liabilities			49,535			77,281

Creditors: amounts falling due after more than one year	4		-			(61,284)



Net assets			49,535			15,997

Capital and reserves
Called up share capital			2			2
Profit and loss account			49,533			15,995

Shareholders' funds			49,535			15,997

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.




Mr Stuart Pinkney
Director
Approved by the board on 2 August 2026

White Space Trading Ltd
Notes to the Accounts
for the year ended 31 March 2026


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.

	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.

	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.


2	Employees	2026		2025
Number			Number

	Average number of persons employed by the company	2		2


3	Creditors: amounts falling due within one year	2026		2025
£			£

	Trade creditors	137		-
	Taxation and social security costs	265		5,981
	Directors current account	933		622
	Other creditors	750		754
		2,085		7,357


4	Creditors: amounts falling due after one year	2026		2025
£			£

	White Space Publishing Ltd	-		61,284


5	Related party transactions

	The inter-company loan of £61,284 from White Space Publishing Ltd has been written off during the year as White Space Publishing Ltd has ceased to trade. Both companies are owned and controlled by the same directors and shareholders.


6	Controlling party

	The company is owned and controlled by both directors and shareholders who have equal ownership and control.


7	Other information

	White Space Trading Ltd is a private company limited by shares and incorporated in England. Its registered office is:
	10 Tower Mews
	Salisbury
	Wiltshire
	SP1 3DJ