Little Green Westra Limited - Accounts to registrar (filleted) - small 18.2

REGISTERED NUMBER: 10628444 (England and Wales)

Report of the Director and

Unaudited Financial Statements for the Year Ended 31 March 2020

for

Little Green Westra Limited

Page

Company Information

1

Report of the Director

2

Balance Sheet

3

Notes to the Financial Statements

5

DIRECTOR:

Mr Rhodri Bowen

SECRETARY:

Mrs H James

REGISTERED OFFICE:

Little Green

Westra

Dinas Powys

South Glamorgan

CF64 4HA

REGISTERED NUMBER:

10628444 (England and Wales)

ACCOUNTANTS:

HRA (ACCOUNTING) LIMITED

Accountants

Cardiff House

Cardiff Road

Vale of Glamorgan

CF63 2AW

The director presents his report with the financial statements of the company for the year ended 31 March 2020.

PRINCIPAL ACTIVITY

The principal activity of the company in the year under review was that of other service activities not elsewhere

classified

DIRECTOR

Mr Rhodri Bowen held office during the whole of the period from 1 April 2019 to the date of this report.

This report has been prepared in accordance with the provisions of Part 15 of the Companies Act 2006 relating to

small companies.

ON BEHALF OF THE BOARD:

Mr Rhodri Bowen - Director

24 December 2020

CALLED UP SHARE CAPITAL NOT PAID

-

1

FIXED ASSETS

Tangible assets

4

62,637

-

62,637

1

CURRENT ASSETS

Debtors

5

2,406

-

Cash at bank

3,859

-

6,265

-

CREDITORS

Amounts falling due within one year

6

40,064

-

NET CURRENT LIABILITIES

(33,799

)

-

TOTAL ASSETS LESS CURRENT LIABILITIES

28,838

1

CAPITAL AND RESERVES

Issued share capital

1

1

Retained earnings

28,837

-

SHAREHOLDER FUNDS

28,838

1

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 March 2020.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 March 2020 in accordance with Section 476 of the Companies Act 2006.

The director acknowledges his 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 24 December 2020 and were signed by:

Mr Rhodri Bowen - Director

1.	STATUTORY INFORMATION

Little Green Westra 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.

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 is measured at the fair value of the consideration received or receivable, excluding discounts,

rebates, value added tax and other sales taxes.

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

-

10% on cost

Motor vehicles

-

25% on reducing balance

Tangible assets are initially recorded at cost, and subsequently stated at cost less any accumulated

depreciation and impairment losses. Any tangible assets carried at revalued amounts are recorded at the

fair value at the date of revaluation less any subsequent accumulated depreciation and subsequent

accumulated impairment losses.

An increase in the carrying amount of an asset as a result of a revaluation, is recognised in other

comprehensive income and accumulated in equity, except to the extent it reverses a revaluation decrease of

the same asset previously recognised in profit or loss. A decrease in the carrying amount of an asset as a

result of revaluation, is recognised in other comprehensive income to the extent of any previously

recognised revaluation increase accumulated in equity in respect of that asset. Where a revaluation

decrease exceeds the accumulated revaluation gains accumulated in equity in respect of that asset, the

excess shall be recognised in profit or loss.

Financial instruments

A financial asset or a financial liability is recognised only when the company becomes a party to the

contractual provisions of the instrument.

Basic financial instruments are initially recognised at the transaction price, unless the arrangement

constitutes a financing transaction, where it is recognised at the present value of the future payments

discounted at a market rate of interest for a similar debt instrument.

Debt instruments are subsequently measured at amortised cost.

Where investments in non-convertible preference shares and non-puttable ordinary shares or preference

shares are publicly traded or their fair value can otherwise be measured reliably, the investment is

subsequently measured at fair value with changes in fair value recognised in profit or Ioss. All other such

investments are subsequently measured at cost less impairment.

Other financial instruments, including derivatives, are initially recognised at fair value, unless payment for

an asset is deferred beyond normal business terms or financed at a rate of interest that is not a market rate,

in which case the asset is measured at the present value of the future payments discounted at a market rate

of interest for a similar debt instrument.

Other financial instruments are subsequently measured at fair value, with any changes recognised in profit

or loss, with the exception of hedging instruments in a designated hedging relationship.

Financial assets that are measured at cost or amortised cost are reviewed for objective evidence of

impairment at the end of each reporting date. If there is objective evidence of impairment, an impairment

loss is recognised in profit or loss immediately.

For all equity instruments regardless of significance, and other financial assets that are individually

significant, these are assessed individually for impairment. Other financial assets are either assessed

individually or grouped on the basis of similar credit risk characteristics.

Any reversals of impairment are recognised in profit or loss immediately, to the extent that the reversal

does not result in a carrying amount of the financial asset that exceeds what the carrying amount would

have been had the impairment not previously been recognised.

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.

Impairment of fixed assets

A review for indicators of impairment is carried out at each reporting date, with the recoverable amount

being estimated where such indicators exist. Where the carrying value exceeds the recoverable amount, the

asset is impaired accordingly. Prior impairments are also reviewed for possible reversal at each reporting

date.

For the purposes of impairment testing, when it is not possible to estimate the recoverable amount of an

individual asset, an estimate is made of the recoverable amount of the cash-generating unit to which the

asset belongs. The cash-generating unit is the smallest identifiable group of assets that includes the asset

and generates cash inflows that largely independent of the cash inflows from other assets or groups of

assets.

For impairment testing of goodwill, the goodwill acquired in a business combination is, from the

acquisition date, allocated to each of the cash-generating units that are expected to benefit from the

synergies of the combination, irrespective of whether other assets or liabilities of the company are assigned

to those units.

3.	EMPLOYEES AND DIRECTORS

The average number of employees during the year was 7 (2019 - NIL ) .

4.	TANGIBLE FIXED ASSETS

Improvements

to

Motor

property

vehicles

Totals

£

£

£

COST

Additions

63,495

7,323

70,818

At 31 March 2020

63,495

7,323

70,818

DEPRECIATION

Charge for year

6,350

1,831

8,181

At 31 March 2020

6,350

1,831

8,181

NET BOOK VALUE

At 31 March 2020

57,145

5,492

62,637

5.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31.3.20

31.3.19

£

£

Other debtors

2,406

-

6.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31.3.20

31.3.19

£

£

Other creditors

40,064

-