Westfield Services (UK) Limited - Accounts to registrar (filleted) - small 18.2

REGISTERED NUMBER: 02244439 (England and Wales)

FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 DECEMBER 2018

FOR

WESTFIELD SERVICES (UK) LIMITED

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

3

DIRECTORS:

J Fothergill

M D Cieply

D Jasper

P Perkins

SECRETARY:

P Perkins

REGISTERED OFFICE:

Sovereign House

Pennine View

Birstall

West Yorkshire

WF17 9NF

REGISTERED NUMBER:

02244439 (England and Wales)

AUDITORS:

Sedulo Audit Limited

Statutory Auditors

Regency Court

62-66 Deansgate

Manchester

M3 2EN

FIXED ASSETS

Tangible assets

4

7,559

9,203

CURRENT ASSETS

Stocks

114,686

113,327

Debtors

5

857,257

891,374

Cash at bank and in hand

834,009

772,299

1,805,952

1,777,000

CREDITORS

Amounts falling due within one year

6

260,784

280,282

NET CURRENT ASSETS

1,545,168

1,496,718

TOTAL ASSETS LESS CURRENT LIABILITIES

1,552,727

1,505,921

CAPITAL AND RESERVES

Called up share capital

60,000

60,000

Retained earnings

1,492,727

1,445,921

SHAREHOLDERS' FUNDS

1,552,727

1,505,921

The financial statements have been prepared and delivered in accordance with the provisions of Part 15 of the Companies Act 2006 relating to small companies.

In accordance with Section 444 of the Companies Act 2006, the Income Statement has not been delivered.

The financial statements were approved by the Board of Directors on 26 March 2019 and were signed on its behalf by:

D Jasper - Director

M D Cieply - Director

1.	STATUTORY INFORMATION

Westfield Services (UK) Limited 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.

The principal activities of the company in the year under review were that of the supply, installation and repair of

petrol pumps and tanks, including the statutory testing and maintenance of fuel and electrical installations,

building contractors, contract maintenance services and the supply and installation of barrier systems.

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.

Preparation of consolidated financial statements

The company's parent undertaking, Turton Group Trading Limited, whose registered office is Sovereign House,

Pennine View, Birstall, WF17 9NF prepares consolidated financial statements of which this company is a

member.

Turnover

Turnover represents net invoiced sales of goods and services, excluding value added tax, as adjusted for the

effect of revenue recognition.

In respect of service contracts turnover is recognised when the right to consideration has been obtained through

performance under each contract. Consideration accrues as contract activity progresses by reference to the value

of the work performed.

Retentions are accounted for when received.

Tangible fixed assets

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

Improvements to property

-

5% on reducing balance

Plant and machinery

-

25% on reducing balance

Fixtures and fittings

-

15% on reducing balance

Computer equipment

-

10% on reducing balance

Stocks

Stock and work in progress is valued at the lower of cost and net realisable value, after making due allowance for

obsolete and slow moving items and any appropriate provision for losses.

Cost includes all direct expenditure and an appropriate proportion of fixed and variable overheads.

Hire purchase and leasing commitments

Rentals paid under operating leases are charged to profit or loss on a straight line basis over the period of the

lease.

Pension costs and other post-retirement benefits

The company operates a defined contribution pension scheme. Contributions payable to the company's pension

scheme are charged to profit or loss in the period to which they relate.

Deferred taxation

Deferred tax is provided in full on timing differences which result in an obligation at the balance sheet date to

pay more tax, or a right to pay less tax, at a future date, at rates expected to apply when they crystallise based on

current tax rates and law. Timing differences arise from the inclusion of items of income and expenditure in

taxation computations in periods different from those in which they are included in financial statements. Deferred

tax assets and liabilities are not discounted.

Research and development

Research and development expenditure is charged to the profit and loss account as incurred.

3.	EMPLOYEES AND DIRECTORS

The average number of employees during the year was 28 (2017 - 28 ) .

4.	TANGIBLE FIXED ASSETS

Improvements

Fixtures

to

Plant and

and

Computer

property

machinery

fittings

equipment

Totals

£

£

£

£

£

COST

At 1 January 2018

and 31 December 2018

38,611

107,732

1,939

30,564

178,846

DEPRECIATION

At 1 January 2018

35,992

102,040

1,901

29,710

169,643

Charge for year

130

1,423

6

85

1,644

At 31 December 2018

36,122

103,463

1,907

29,795

171,287

NET BOOK VALUE

At 31 December 2018

2,489

4,269

32

769

7,559

At 31 December 2017

2,619

5,692

38

854

9,203

5.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31.12.18

31.12.17

£

£

Trade debtors

776,859

819,633

Other debtors

31,897

31,088

Deferred tax asset

32,145

35,236

Prepayments

16,356

5,417

857,257

891,374

6.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31.12.18

31.12.17

£

£

Trade creditors

112,513

135,226

Amounts owed to group undertakings

2,666

14,057

Taxation and social security

128,897

99,467

Other creditors

16,708

31,532

260,784

280,282

RETENTION OF TITLE

Certain trade creditors have supplied goods under terms which include a retention of title clause. In view of the

nature of this security and as the liability is cleared in the normal course of business, it is not considered practical

to quantify the amount involved.

7.	LEASING AGREEMENTS

Minimum lease payments under non-cancellable operating leases fall due as follows:

31.12.18

31.12.17

£

£

Within one year

7,557

4,004

Between one and five years

51,188

108,753

58,745

112,757

8.	DISCLOSURE UNDER SECTION 444(5B) OF THE COMPANIES ACT 2006

The Report of the Auditors was unqualified.

Gavin Bell (Senior Statutory Auditor)

for and on behalf of Sedulo Audit Limited