Westavon Limited - Accounts to registrar (filleted) - small 18.2
Westavon Limited - Accounts to registrar (filleted) - small 18.2
| REGISTERED NUMBER: |
| Unaudited Financial Statements for the Year Ended 31 March 2020 |
| for |
| Westavon Limited |
| Westavon Limited (Registered number: 09805020) |
| Contents of the Financial Statements |
| for the Year Ended 31 March 2020 |
| Page |
| Company Information | 1 |
| Balance Sheet | 2 |
| Notes to the Financial Statements | 3 |
| Westavon Limited |
| Company Information |
| for the Year Ended 31 March 2020 |
| DIRECTOR: |
| REGISTERED OFFICE: |
| REGISTERED NUMBER: |
| ACCOUNTANTS: |
| Curo House |
| Greenbox |
| Westonhall Road |
| Bromsgrove |
| Worcestershire |
| B60 4AL |
| Westavon Limited (Registered number: 09805020) |
| Balance Sheet |
| 31 March 2020 |
| 2020 | 2019 |
| Notes | £ | £ |
| CURRENT ASSETS |
| Debtors | 4 |
| Cash at bank |
| CREDITORS |
| Amounts falling due within one year | 5 |
| NET CURRENT ASSETS |
| TOTAL ASSETS LESS CURRENT LIABILITIES |
| CAPITAL AND RESERVES |
| Called up share capital |
| Retained earnings |
| SHAREHOLDERS' FUNDS |
| 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. |
| 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 |
| Westavon Limited (Registered number: 09805020) |
| Notes to the Financial Statements |
| for the Year Ended 31 March 2020 |
| 1. | STATUTORY INFORMATION |
| Westavon Limited is a |
| registered number and registered office address can be found on the Company Information page. |
| 2. | ACCOUNTING POLICIES |
| Basis of preparing the financial statements |
| Going concern |
| The financial statements have been prepared on the going concern basis on the grounds that the director believes |
| that there is sufficient funding in place to support the business for the next twelve months from the date of |
| approval of the financial statements. |
| Forecasts have been prepared on post balance sheet trading conditions have been reviewed following the |
| Covid-19 pandemic and its impact on the country. This review has not resulted in a change in the director's belief |
| that the going concern basis is appropriate. |
| Turnover |
| The amount of turnover is the invoiced value of goods and services supplied to customers, excluding value added |
| tax, arising from the principal activity of the company. |
| 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. |
| Tax on the profit or loss for the year comprises current and deferred tax. Tax is recognised in the profit and loss |
| account except to the extent that it relates to items recognised directly in equity or other comprehensive income, |
| in which case it is recognised directly in equity or other comprehensive income. |
| Current tax is the expected tax payable or receivable on the taxable income or loss for the year, using tax rates |
| enacted or substantively enacted at the balance sheet date, and any adjustment to tax payable in respect of |
| previous years. |
| Deferred tax is provided on timing differences which arise from the inclusion of income and expenses in tax |
| assessments in periods different from those in which they are recognised in the financial statements. The |
| following timing differences are not provided for; differences between accumulated depreciation and tax |
| allowances for the cost of a fixed asset if and when all conditions for retaining the tax allowances have been met; |
| and differences relating to investments to the extent that it is not probable that they will reverse in the foreseeable |
| future and the reporting entity is able to control the reversal of the timing difference. Deferred tax is not |
| recognised on permanent differences arising because certain types of income or expense are non-taxable or are |
| disallowable for tax or because certain tax charges or allowances are greater or smaller than the corresponding |
| income or expense. |
| Deferred tax is measured at the tax rate that is expected to apply to the reversal of the related difference, using |
| tax rates enacted or substantively enacted at the balance sheet. Deferred tax balances are not discounted. |
| 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. |
| 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. |
| Westavon Limited (Registered number: 09805020) |
| Notes to the Financial Statements - continued |
| for the Year Ended 31 March 2020 |
| 2. | ACCOUNTING POLICIES - continued |
| Debtors |
| Short term debtors are measured at transaction price (which is usually the invoice price), less any impairment |
| losses for bad and doubtful debts. Loans and other financial assets are initially recognised at transaction price, |
| including any transaction costs, and subsequently measured at amortised cost determined using the effective |
| interest method, less any impairment losses for bad and doubtful debts. |
| Creditors |
| Short term creditors are measured at transaction price (which is usually the invoice price). Loans and other |
| financial liabilities are initially recognised at transaction price net of any transaction costs and subsequently |
| measured at amortised cost determined using the effective interest method. |
| 3. | EMPLOYEES AND DIRECTORS |
| The average number of employees during the year was |
| 4. | DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR |
| 2020 | 2019 |
| £ | £ |
| Trade debtors |
| Amounts owed by participating interests | 216,528 | 55,986 |
| Other debtors |
| 5. | CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR |
| 2020 | 2019 |
| £ | £ |
| Trade creditors |
| Taxation and social security |
| Other creditors |