Registration number: SC081064

Ian White Limited

Contents

Company Information	1
Statement of Financial Position	2 to 3
Notes to the Unaudited Financial Statements	4 to 8

Ian White Limited

Company Information

Directors

Mr Stephen White Mrs Ann White

Registered office

The Farm House Upper Tarsappie Rhynd PERTH PH2 8PT

Accountants

Morris & Young Chartered Accountants 6 Atholl Crescent PERTH PH1 5JN

Ian White Limited

(Registration number: SC081064)
Statement of Financial Position as at 31 December 2025

	Note	2025 £	2024 £
Fixed assets
Tangible assets	4	216,804	232,880
Current assets
Stocks	5	75	1,824
Debtors	6	1,136,305	1,157,001
Other financial assets		520,775	520,775
Cash at bank and in hand		524,990	541,437
		2,182,145	2,221,037
Creditors: Amounts falling due within one year	7	(8,390)	(13,841)
Net current assets		2,173,755	2,207,196
Total assets less current liabilities		2,390,559	2,440,076
Provisions for liabilities		-	(3,490)
Net assets		2,390,559	2,436,586
Capital and reserves
Called up share capital		15,000	15,000
Retained earnings		2,375,559	2,421,586
Shareholders' funds		2,390,559	2,436,586

Ian White Limited

(Registration number: SC081064)
Statement of Financial Position as at 31 December 2025

For the financial year ending 31 December 2025 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 accounts have been prepared in accordance with the provisions applicable to companies subject to the small companies' regime and in accordance with the provisions of FRS 102 Section 1A.

These financial statements have been 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.

Approved and authorised by the Board on 5 June 2026 and signed on its behalf by:
 

......................................... Mr Stephen White Director

......................................... Mrs Ann White Director

Ian White Limited

Notes to the Unaudited Financial Statements for the Year Ended 31 December 2025

1	General information

The address of its registered office is:
The Farm House
Upper Tarsappie
Rhynd
PERTH
PH2 8PT

These financial statements were authorised for issue by the Board on 5 June 2026.

2	Accounting policies

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.

The financial statements are presented in sterling (£) and rounded to the nearest £1.

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.

Ian White Limited

Notes to the Unaudited Financial Statements for the Year Ended 31 December 2025

2	Accounting policies (continued)

Foreign currency transactions and balances

Transactions in foreign currencies are initially recorded at the functional currency rate prevailing at the date of the transaction. Monetary assets and liabilities denominated in foreign currencies are retranslated into the respective functional currency of the entity at the rates prevailing on the reporting period date. Non-monetary items carried at fair value that are denominated in foreign currencies are retranslated at the rate on the date when the fair value is re-measured.

Non-monetary items measured in terms of historical cost in a foreign currency are not retranslated.

Tax

The tax expense for the period comprises deferred 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.

Deferred tax is recognised in respect of all timing differences between taxable profits and profits reported in the financial statements.

Unrelieved tax losses and other deferred tax assets are recognised when 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.

Tangible assets

Tangible assets are stated in the statement of financial position 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
Buildings	2% reducing balance
Plant & machinery	20% reducing balance
Motor vehicles	25% reducing balance

Cash and cash equivalents

Cash and cash equivalents comprise cash on hand and on deposits.

Ian White Limited

Notes to the Unaudited Financial Statements for the Year Ended 31 December 2025

2	Accounting policies (continued)

Trade debtors

Trade debtors are amounts due from customers for goods in the ordinary course of business.

Stocks

Stocks are stated at the lower of cost and realisable value.

Trade creditors

Trade creditors are obligations to pay for goods or services that have been acquired in the ordinary course of business from suppliers. Accounts payable are classified as current liabilities if the company does not have an unconditional right, at the end of the reporting period, to defer settlement of the creditor for at least twelve months after the reporting date. If there is an unconditional right to defer settlement for at least twelve months after the reporting date, they are presented as non-current liabilities.

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.

Financial instruments

Classification
The company only have financial assets and liabilities of a kind that would qualify as basic financial instruments which are recognised at their transaction value and subsequently measured at their settlement value.
 

3	Staff numbers

The average number of persons employed by the company (including directors) during the year, was 1 (2024 - 2).

Ian White Limited

Notes to the Unaudited Financial Statements for the Year Ended 31 December 2025

4	Tangible assets

	Land and buildings £	Furniture, fittings and equipment  £	Motor vehicles  £	Total £
Cost or valuation
At 1 January 2025	296,588	251,336	34,460	582,384
Additions	-	16,055	-	16,055
Disposals	-	(63,585)	-	(63,585)
At 31 December 2025	296,588	203,806	34,460	534,854
Depreciation
At 1 January 2025	125,164	203,625	20,715	349,504
Charge for the year	3,428	9,625	3,437	16,490
Eliminated on disposal	-	(47,944)	-	(47,944)
At 31 December 2025	128,592	165,306	24,152	318,050
Carrying amount
At 31 December 2025	167,996	38,500	10,308	216,804
At 31 December 2024	171,424	47,711	13,745	232,880

Included within the net book value of land and buildings above is £167,996 (2024 - £171,424) in respect of freehold land and buildings.
 

5

Stocks

	2025 £	2024 £
Other inventories	75	1,824

Ian White Limited

Notes to the Unaudited Financial Statements for the Year Ended 31 December 2025

6

Debtors

Current	Note	2025 £	2024 £
Trade debtors		-	2,007
Amounts owed by related parties		1,116,085	1,115,525
Prepayments		2,537	1,968
Other debtors		17,683	37,501
		1,136,305	1,157,001

7

Creditors

Creditors: amounts falling due within one year

	2025 £	2024 £
Due within one year
Trade creditors	3,682	10,771
Taxation and social security	4,708	3,070
	8,390	13,841