Westgate Broadcasting Services Limited - Limited company - abbreviated - 11.6

REGISTERED NUMBER: 08691325 (England and Wales)

Abbreviated Unaudited Accounts

for the Period 16 September 2013 to 30 September 2014

for

Westgate Broadcasting Services Limited

Page

Company Information

1

Abbreviated Balance Sheet

2

Notes to the Abbreviated Accounts

4

DIRECTORS:

Mr Isam Soud

Mr Ali Saud

REGISTERED OFFICE:

2nd Floor

Hygeia House

66 College Road

Harrow

Middlesex

HA1 1BE

REGISTERED NUMBER:

08691325 (England and Wales)

ACCOUNTANTS:

Lawrence Grant

Chartered Accountants

& Reporting Accountants

2nd Floor

Hygeia House

66 College Road

Harrow

Middlesex

HA1 1BE

FIXED ASSETS

Intangible assets

2

3

Tangible assets

3

227,348

227,351

CURRENT ASSETS

Debtors

367,778

Cash at bank and in hand

14,546

382,324

CREDITORS

Amounts falling due within one year

337,448

NET CURRENT ASSETS

44,876

TOTAL ASSETS LESS CURRENT LIABILITIES

272,227

PROVISIONS FOR LIABILITIES

2,204

NET ASSETS

270,023

CAPITAL AND RESERVES

Called up share capital

4

100

Share premium

266,950

Profit and loss account

2,973

SHAREHOLDERS' FUNDS

270,023

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the period ended 30 September 2014.

The members have not required the company to obtain an audit of its financial statements for the period ended 30 September 2014 in accordance with Section 476 of the Companies Act 2006.

The directors acknowledge their 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 abbreviated accounts have been prepared in accordance with the special provisions of Part 15 of the Companies Act 2006 relating to small companies.

The financial statements were approved by the Board of Directors on 16 February 2015 and were signed on its behalf by:

Mr Isam Soud - Director

Mr Ali Saud - Director

1.	ACCOUNTING POLICIES

Accounting convention

The financial statements have been prepared under the historical cost convention and in accordance with the

Financial Reporting Standard for Smaller Entities (effective April 2008).

Turnover

Turnover represents net invoiced sales of goods and services, excluding value added tax.

Intangible fixed assets

Goodwill, patents and licences and development costs have been acquired at their residual value and as such are

not depreciated.

Tangible fixed assets

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

Plant and machinery

-

20% reducing balance

Fixtures and fittings

-

20% reducing balance

Short leasehold - held at residual value

Deferred tax

The charge for taxation takes into account taxation deferred as a result of timing differences between the

treatment of certain items for taxation and accounting purposes. In general, deferred taxation is recognised in

respect of all timing differences that have originated but not reversed at the balance sheet date. However,

deferred tax assets are recognised only to the extent that the directors consider that it is more likely than not that

there will be suitable taxable profits from which the future reversal of the underlying timing differences can be

deducted. In accordance with FRSSE April 2008, deferred tax is not recognised on revaluation gains. Deferred

taxation is measured on a non-discounted basis at the tax rates that are expected to apply in the periods in which

the timing differences reverse, based on tax rates and laws enacted or substantively enacted at the balance sheet

date.

Hire purchase and leasing commitments

Rentals paid under operating leases are charged to the profit and loss account on a straight line basis over the

period of the lease.

Financial instruments

Financial instruments are classified and accounted for, according to the substance of the contractual arrangement,

as either financial assets, financial liabilities or equity instruments. An equity instrument is any contract that

evidences a residual interest in the assets of the company after deducting all of its liabilities.

2.	INTANGIBLE FIXED ASSETS

Total

£

COST

Additions

3

At 30 September 2014

3

NET BOOK VALUE

At 30 September 2014

3

3.	TANGIBLE FIXED ASSETS

Total

£

COST

Additions

257,375

At 30 September 2014

257,375

DEPRECIATION

Charge for period

30,027

At 30 September 2014

30,027

NET BOOK VALUE

At 30 September 2014

227,348

4.	CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:

Number:

Class:

Nominal

value:

£

100

Ordinary

£1

100

100 ordinary shares of £1 were issued during the period for cash as follows:

50 ordinary £1 shares at par value of £50.

50 ordinary £1 shares at par value of £50 plus a premium of £5,339 per share.

5.	DIRECTORS' ADVANCES, CREDITS AND GUARANTEES

At the balance sheet date, Mr Isam Soud was owed £1,020 and Mr Ali Saud £520 in respect of an interest free

loan to the company.