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Registration number: NI618990

White Contracts (NI) Limited
Unaudited Filleted Financial Statements
for the Year Ended 31 March 2026

White Contracts (NI) Limited

(Registration number: NI618990)
Balance Sheet as at 31 March 2026

| Note | 2026 £ | 2025 £
Fixed assets |  |  |
Tangible assets | 5 | 42,284 | 46,088
Current assets |  |  |
Stocks | 6 | 14,097 | 7,306
Debtors | 7 | 309,641 | 308,797
Cash at bank and in hand |  | 51,507 | 48,941
|  | 375,245 | 365,044
Creditors: Amounts falling due within one year | 8 | (27,919) | (6,794)
Net current assets |  | 347,326 | 358,250
Total assets less current liabilities |  | 389,610 | 404,338
Creditors: Amounts falling due after more than one year | 8 | (138,248) | (152,483)
Net assets |  | 251,362 | 251,855
Capital and reserves |  |  |
Called up share capital | 10 | 100 | 100
Retained earnings |  | 251,262 | 251,755
Shareholders' funds |  | 251,362 | 251,855

For the financial year ending 31 March 2026 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 and delivered in accordance with the provisions applicable to companies subject to the small companies regime. As permitted by section 444 (5A) of the Companies Act 2006, the directors have not delivered to the registrar a copy of the Profit and Loss Account.

White Contracts (NI) Limited

(Registration number: NI618990)
Balance Sheet as at 31 March 2026

Approved and authorised by the Board on 15 July 2026 and signed on its behalf by:

......................................... Mr William White Director | ......................................... Mrs Hazel White Company secretary and director |

White Contracts (NI) Limited

Notes to the Unaudited Financial Statements for the Year Ended 31 March 2026

1 | General information

The company is a private company limited by share capital, incorporated in Northern Ireland.

The address of its registered office is: 16 Craigadoo Road, Dunnyvadden, Ballymena, Co. Antrim, BT42 4RS.

These financial statements were authorised for issue by the Board on 15 July 2026.

2 | Accounting policies

Summary of significant accounting policies and key accounting estimates

The principal accounting policies applied in the preparation of these financial statements are set out below. These policies have been consistently applied to all the years presented, unless otherwise stated.

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.

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 Contracts (NI) Limited

Notes to the Unaudited Financial Statements for the Year Ended 31 March 2026

Tangible assets

Tangible assets are stated in the balance sheet at cost, less any subsequent accumulated depreciation and subsequent accumulated impairment losses.
The cost of tangible assets includes directly attributable incremental costs incurred in their acquisition and installation.

Depreciation

Depreciation is charged so as to write off the cost of assets, other than land and properties under construction over their estimated useful lives, as follows:

Asset class | Depreciation method and rate
Motor vehicles | 15% reducing balance
Plant and machinery | 15% reducing balance
Office equipment | 15% reducing balance

Goodwill

Goodwill arising on the acquisition of an entity represents the excess of the cost of acquisition over the company’s interest in the net fair value of the identifiable assets, liabilities and contingent liabilities of the entity recognised at the date of acquisition. Goodwill is initially recognised as an asset at cost and is subsequently measured at cost less accumulated amortisation and accumulated impairment losses. Goodwill is held in the currency of the acquired entity and revalued to the closing rate at each reporting period date. Goodwill is amortised over its useful life, which shall not exceed ten years if a reliable estimate of the useful life cannot be made.

Amortisation

Amortisation is provided on intangible assets so as to write off the cost, less any estimated residual value, over their useful life as follows:

Asset class | Amortisation method and rate
Goodwill on incorporation | 20% straight line

Cash and cash equivalents

Cash and cash equivalents comprise cash on hand and call deposits, and other short-term highly liquid investments that are readily convertible to a known amount of cash and are subject to an insignificant risk of change in value.

Short-term debtors and creditors

Debtors and creditors with no stated interest rate and receivable or payable within one year are recorded at transaction price. Any losses arising from impairment are recognised in the income statement in operating expenses.

White Contracts (NI) Limited

Notes to the Unaudited Financial Statements for the Year Ended 31 March 2026

Stocks

Stocks are stated at the lower of cost and estimated selling price less costs to complete and sell. Cost is determined using the first-in, first-out (FIFO) method.
The cost of finished goods and work in progress comprises direct materials and, where applicable, direct labour costs and those overheads that have been incurred in bringing the inventories to their present location and condition. At each reporting date, stocks are assessed for impairment. If stocks are impaired, the carrying amount is reduced to its selling price less costs to complete and sell; the impairment loss is recognised immediately in profit or loss.

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.

Share capital

Ordinary shares are classified as equity. Equity instruments are measured at the fair value of the cash or other resources received or receivable, net of the direct costs of issuing the equity instruments. If payment is deferred and the time value of money is material, the initial measurement is on a present value basis.

Dividends

Dividend distribution to the company’s shareholders is recognised as a liability in the financial statements in the reporting period in which the dividends are declared.

Defined contribution pension obligation

A defined contribution plan is a pension plan under which fixed contributions are paid into a pension fund and the company has no legal or constructive obligation to pay further contributions even if the fund does not hold sufficient assets to pay all employees the benefits relating to employee service in the current and prior periods.
Contributions to defined contribution plans are recognised as employee benefit expense when they are due. If contribution payments exceed the contribution due for service, the excess is recognised as a prepayment.

3 | Staff numbers

The average number of persons employed by the company (including directors) during the year, was 2 (2025 - 2).

White Contracts (NI) Limited

Notes to the Unaudited Financial Statements for the Year Ended 31 March 2026

4 | Intangible assets

| Goodwill £ | Total £
Cost or valuation
At 1 April 2025 | 40,000 | 40,000
At 31 March 2026 | 40,000 | 40,000
Amortisation
At 1 April 2025 | 40,000 | 40,000
At 31 March 2026 | 40,000 | 40,000
Carrying amount
At 31 March 2026 | - | -

White Contracts (NI) Limited

Notes to the Unaudited Financial Statements for the Year Ended 31 March 2026

5 | Tangible assets

| Furniture, fittings and equipment £ | Motor vehicles £ | Total £
Cost or valuation
At 1 April 2025 | 68,590 | 58,360 | 126,950
Additions | 4,935 | - | 4,935
At 31 March 2026 | 73,525 | 58,360 | 131,885
Depreciation
At 1 April 2025 | 51,733 | 29,129 | 80,862
Charge for the year | 4,355 | 4,384 | 8,739
At 31 March 2026 | 56,088 | 33,513 | 89,601
Carrying amount
At 31 March 2026 | 17,437 | 24,847 | 42,284
At 31 March 2025 | 16,857 | 29,231 | 46,088

6 | Stocks

| 2026 £ | 2025 £
Stock and work in progress | 14,097 | 7,306

7 | Debtors

Current | 2026 £ | 2025 £
Trade debtors | 6,364 | 5,520
Amounts owed by related parties | 303,277 | 303,277
| 309,641 | 308,797

White Contracts (NI) Limited

Notes to the Unaudited Financial Statements for the Year Ended 31 March 2026

8 | Creditors

Creditors: amounts falling due within one year

| Note | 2026 £ | 2025 £
Loans and borrowings | 9 | 5,000 | 4,800
Taxation and social security |  | 2,898 | 827
Accruals and deferred income |  | 20,021 | 750
Other creditors |  | - | 417
|  | 27,919 | 6,794

Creditors: amounts falling due after more than one year

| Note | 2026 £ | 2025 £
Loans and borrowings | 9 | 138,248 | 152,483

9 | Loans and borrowings

Non-current loans and borrowings

| 2026 £ | 2025 £
Bank borrowings | 17,925 | 23,075
Other borrowings | 120,323 | 129,408
| 138,248 | 152,483

Current loans and borrowings

| 2026 £ | 2025 £
Bank borrowings | 5,000 | 4,800

10 | Share capital

Allotted, called up and fully paid shares

| 2026 | 2025
| No. | £ | No. | £
Ordinary shares of £1 each | 100 | 100 | 100 | 100