Westward Living Limited - Limited company - abbreviated - 11.6
Westward Living Limited - Limited company - abbreviated - 11.6
| REGISTERED NUMBER: |
| WESTWARD LIVING LIMITED |
| ABBREVIATED UNAUDITED ACCOUNTS |
| FOR THE YEAR ENDED 31 JANUARY 2015 |
| WESTWARD LIVING LIMITED (REGISTERED NUMBER: 06793408) |
| CONTENTS OF THE ABBREVIATED ACCOUNTS |
| FOR THE YEAR ENDED 31 JANUARY 2015 |
| Page |
| Company Information | 1 |
| Abbreviated Balance Sheet | 2 |
| Notes to the Abbreviated Accounts | 4 |
| WESTWARD LIVING LIMITED |
| COMPANY INFORMATION |
| FOR THE YEAR ENDED 31 JANUARY 2015 |
| DIRECTORS: |
| SECRETARY: |
| REGISTERED OFFICE: |
| REGISTERED NUMBER: |
| ACCOUNTANTS: |
| T/A Maynard Johns |
| WESTWARD LIVING LIMITED (REGISTERED NUMBER: 06793408) |
| ABBREVIATED BALANCE SHEET |
| 31 JANUARY 2015 |
| 2015 | 2014 |
| Notes | £ | £ |
| FIXED ASSETS |
| Tangible assets | 2 |
| Investment property | 3 |
| CURRENT ASSETS |
| Stocks |
| Debtors |
| Cash at bank |
| CREDITORS |
| Amounts falling due within one year | 4 | ( |
) | ( |
) |
| NET CURRENT LIABILITIES | ( |
) | ( |
) |
| TOTAL ASSETS LESS CURRENT LIABILITIES |
| CREDITORS |
| Amounts falling due after more than one year | 4 | ( |
) | ( |
) |
| NET ASSETS |
| CAPITAL AND RESERVES |
| Called up share capital | 5 |
| Investment revaluation reserve |
| Profit and loss account | ( |
) | ( |
) |
| SHAREHOLDERS' FUNDS |
| 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. |
| WESTWARD LIVING LIMITED (REGISTERED NUMBER: 06793408) |
| ABBREVIATED BALANCE SHEET - continued |
| 31 JANUARY 2015 |
| The financial statements were approved by the Board of Directors on |
| WESTWARD LIVING LIMITED (REGISTERED NUMBER: 06793408) |
| NOTES TO THE ABBREVIATED ACCOUNTS |
| FOR THE YEAR ENDED 31 JANUARY 2015 |
| 1. | ACCOUNTING POLICIES |
| Accounting convention |
| The financial statements have been prepared under the historical cost convention as modified by the revaluation of |
| certain assets and in accordance with the Financial Reporting Standard for Smaller Entities (effective April 2008). |
| Turnover |
| Turnover represents net invoiced sales of goods, excluding value added tax, except in respect of service contracts |
| where turnover is recognised when the company obtains the right to consideration. |
| Tangible fixed assets |
| Plant and machinery etc | - |
| Investment property |
| Investment property is shown at most recent valuation. Any aggregate surplus or deficit arising from changes in |
| market value is transferred to a revaluation reserve. |
| Stocks |
| Stocks are valued at the lower of cost and net realisable value, after making due allowance for obsolete and slow |
| moving items. |
| 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 they will be recovered |
| against the reversal of deferred tax liabilities or other future taxable profits. Deferred taxation is measured on a |
| non-discounted basis at the average tax rates that would apply when the timing differences are expected to reverse, |
| based on the tax rates and laws that have been enacted by the balance sheet date. |
| Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the balance |
| sheet date. |
| Hire purchase and leasing commitments |
| Assets obtained under hire purchase contracts or finance leases are capitalised in the balance sheet. Those held |
| under hire purchase contracts are depreciated over their estimated useful lives. Those held under finance leases |
| are depreciated over their estimated useful lives or the lease term, whichever is the shorter. |
| The interest element of these obligations is charged to the profit and loss account over the relevant period. The |
| capital element of the future payments is treated as a liability. |
| Rentals paid under operating leases are charged to the profit and loss account on a straight line basis over the |
| period of the lease. |
| WESTWARD LIVING LIMITED (REGISTERED NUMBER: 06793408) |
| NOTES TO THE ABBREVIATED ACCOUNTS - continued |
| FOR THE YEAR ENDED 31 JANUARY 2015 |
| 2. | TANGIBLE FIXED ASSETS |
| Total |
| £ |
| COST |
| At 1 February 2014 |
| Additions |
| Disposals | ( |
) |
| At 31 January 2015 |
| DEPRECIATION |
| At 1 February 2014 |
| Charge for year |
| Eliminated on disposal | ( |
) |
| At 31 January 2015 |
| NET BOOK VALUE |
| At 31 January 2015 |
| At 31 January 2014 |
| 3. | INVESTMENT PROPERTY |
| Total |
| £ |
| COST OR VALUATION |
| At 1 February 2014 |
| Additions |
| Revaluations |
| At 31 January 2015 |
| NET BOOK VALUE |
| At 31 January 2015 |
| At 31 January 2014 |
| 4. | CREDITORS |
| Creditors include an amount of £ |
| 5. | CALLED UP SHARE CAPITAL |
| Allotted, issued and fully paid: |
| Number: | Class: | Nominal | 2015 | 2014 |
| value: | £ | £ |
| Ordinary share capital | £1 |