A M White Ltd. - Accounts to registrar (filleted) - small 18.2

REGISTERED NUMBER: 04016993 (England and Wales)

Financial Statements

for the Year Ended 31 December 2021

for

A M WHITE LTD.

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

4

DIRECTOR:

Mrs A M White

SECRETARY:

Mrs A M White

REGISTERED OFFICE:

143 Station Road

Hampton

Middlesex

TW12 2AL

REGISTERED NUMBER:

04016993 (England and Wales)

ACCOUNTANTS:

Alvis & Company (Accountants) Limited

143 Station Road

Hampton

Middlesex

TW12 2AL

FIXED ASSETS

Intangible assets

4

-

-

Tangible assets

5

8,143

6,162

8,143

6,162

CURRENT ASSETS

Stocks

6

17,293

16,731

Debtors

7

10,127

13,625

Cash at bank and in hand

122,256

94,384

149,676

124,740

CREDITORS

Amounts falling due within one year

8

(64,442

)

(79,135

)

NET CURRENT ASSETS

85,234

45,605

TOTAL ASSETS LESS CURRENT LIABILITIES

93,377

51,767

CREDITORS

Amounts falling due after more than one year

9

(46,071

)

(50,000

)

PROVISIONS FOR LIABILITIES

(1,279

)

(843

)

NET ASSETS

46,027

924

CAPITAL AND RESERVES

Called up share capital

10

100

100

Retained earnings

45,927

824

SHAREHOLDERS' FUNDS

46,027

924

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 December 2021.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 December 2021 in accordance with Section 476 of the Companies Act 2006.

The director acknowledges her 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 Income Statement has not been delivered.

The financial statements were approved by the director and authorised for issue on 27 July 2022 and were signed by:

Mrs A M White - Director

1.	STATUTORY INFORMATION

A M White 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 represents the amounts received or receivable for goods and services provided to customers excluding Value Added Tax.

Goodwill

Goodwill, being the amount paid in connection with the acquisition of a business in 2000, is being amortised evenly over its estimated useful life of ten years.

Intangible assets

Intangible assets are initially measured at cost. After initial recognition, intangible assets are measured at cost less any accumulated amortisation and any accumulated impairment losses.

Tangible fixed assets

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

Leasehold premises

-

in accordance with the lease

Fixtures and fittings

-

25% on reducing balance

Computer equipment

-

25% on reducing balance

Government grants

Government grants are calculated and disclosed using the performance model. The amounts received are as follows:-

Coronavirus Job retention scheme £33,633

Bounceback loan interest £669

There are no unfulfilled conditions attaching to these grants.

Stocks

Stocks are valued at the lower of cost and net realisable value, after making due allowance for obsolete and slow moving items.

Taxation

Taxation for the year comprises current and deferred tax. Tax is recognised in the Income Statement, 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.

3.	EMPLOYEES AND DIRECTORS

The average number of employees during the year was 11 (2020 - 11 ) .

4.	INTANGIBLE FIXED ASSETS

Goodwill

£

COST

At 1 January 2021

and 31 December 2021

17,000

AMORTISATION

At 1 January 2021

and 31 December 2021

17,000

NET BOOK VALUE

At 31 December 2021

-

At 31 December 2020

-

5.	TANGIBLE FIXED ASSETS

Fixtures

Leasehold

and

Computer

premises

fittings

equipment

Totals

£

£

£

£

COST

At 1 January 2021

32,152

98,640

10,137

140,929

Additions

3,500

-

-

3,500

At 31 December 2021

35,652

98,640

10,137

144,429

DEPRECIATION

At 1 January 2021

30,240

94,592

9,935

134,767

Charge for year

457

1,012

50

1,519

At 31 December 2021

30,697

95,604

9,985

136,286

NET BOOK VALUE

At 31 December 2021

4,955

3,036

152

8,143

At 31 December 2020

1,912

4,048

202

6,162

6.

STOCKS

31.12.21

31.12.20

£

£

Hair care products

17,293

16,731

7.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31.12.21

31.12.20

£

£

Other debtors

10,127

13,625

8.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31.12.21

31.12.20

£

£

Bank loans and overdrafts

-

5,373

Trade creditors

18,963

24,746

Taxation and social security

26,701

25,956

Other creditors

18,778

23,060

64,442

79,135

9.

CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR

31.12.21

31.12.20

£

£

Bank loans

46,071

50,000

10.	CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:

Number:

Class:

Nominal

31.12.21

31.12.20

value:

£

£

100

Ordinary

£1

100

100

11.	DIRECTOR'S ADVANCES, CREDITS AND GUARANTEES

The following advances and credits to a director subsisted during the years ended 31 December 2021 and 31 December 2020:

31.12.21

31.12.20

£

£

Mrs A M White

Balance outstanding at start of year

(5,617

)

32,271

Amounts advanced

5,000

1,500

Amounts repaid

(1,536

)

(39,388

)

Amounts written off

-

-

Amounts waived

-

-

Balance outstanding at end of year

(2,153

)

(5,617

)