West Eaton Consulting Ltd - Period Ending 2015-02-28

Registration number: 06827144

West Eaton Consulting Ltd

Unaudited Abbreviated Accounts

for the Year Ended 28 February 2015
 

MG Group (Professional Services) Ltd
Chartered Accountants
Audit House
260 Field End Road
Eastcote
Middlesex
HA4 9LT

West Eaton Consulting Ltd
Contents

Accountants' Report 1

Abbreviated Balance Sheet 2

Notes to the Abbreviated Accounts 3 to 4

The following reproduces the text of the accountants' report in respect of the company's annual financial statements, from which the abbreviated accounts (set out on pages 2 to 4) have been prepared.

Chartered Accountants' Report to the Director on the Preparation of the Unaudited Statutory Accounts of
West Eaton Consulting Ltd
for the Year Ended 28 February 2015

In order to assist you to fulfil your duties under the Companies Act 2006, we have prepared for your approval the accounts of West Eaton Consulting Ltd for the year ended 28 February 2015 set out on pages from the company's accounting records and from information and explanations you have given us.

As a practising member firm of the Institute of Chartered Accountants in England and Wales (ICAEW), we are subject to its ethical and other professional requirements which are detailed at icaew.com/membershandbook.

This report is made solely to the Board of Directors of West Eaton Consulting Ltd, as a body, in accordance with the terms of our engagement letter. Our work has been undertaken solely to prepare for your approval the accounts of West Eaton Consulting Ltd and state those matters that we have agreed to state to them, as a body, in this report in accordance with AAF 2/10 as detailed at icaew.com/compilation. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than West Eaton Consulting Ltd and its Board of Directors as a body for our work or for this report.

It is your duty to ensure that West Eaton Consulting Ltd has kept adequate accounting records and to prepare statutory accounts that give a true and fair view of the assets, liabilities, financial position and profit of West Eaton Consulting Ltd. You consider that West Eaton Consulting Ltd is exempt from the statutory audit requirement for the year.

We have not been instructed to carry out an audit or a review of the accounts of West Eaton Consulting Ltd. For this reason, we have not verified the accuracy or completeness of the accounting records or information and explanations you have given to us and we do not, therefore, express any opinion on the statutory accounts.

......................................

MG Group (Professional Services) Ltd
Chartered Accountants
Audit House
260 Field End Road
Eastcote
Middlesex
HA4 9LT

15 June 2015

Page 1

West Eaton Consulting Ltd
(Registration number: 06827144)
Abbreviated Balance Sheet at 28 February 2015

		Note			2015 £			2014 £
Fixed assets
Tangible fixed assets					5,364			2,675
Current assets
Debtors					-			68,515
Cash at bank and in hand					70,947			34,983
					70,947			103,498
Creditors: Amounts falling due within one year					(12,001)			(32,214)
Net current assets					58,946			71,284
Net assets					64,310			73,959
Capital and reserves
Called up share capital		3			1			1
Profit and loss account					64,309			73,958
Shareholders' funds					64,310			73,959

For the year ending 28 February 2015 the company was entitled to exemption under section 477 of the Companies Act 2006 relating to small companies.

The members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.

The director acknowledges his responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.

These accounts have been prepared in accordance with the provisions applicable to companies subject to the small companies regime .

Approved by the director on 15 June 2015

.........................................
Mr Christopher Langley
Director

The notes on pages 3 to 4 form an integral part of these financial statements.
Page 2

West Eaton Consulting Ltd
Notes to the Abbreviated Accounts for the Year Ended 28 February 2015
......... continued

1	Accounting policies

Basis of preparation

The full financial statements, from which these abbreviated accounts have been extracted, 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 amounts chargeable, net of value added tax, in respect of the sale of goods and services to customers.

Depreciation

Depreciation is provided on tangible fixed assets so as to write off the cost or valuation, less any estimated residual value, over their expected useful economic life as follows:

Asset class	Depreciation method and rate
Office equipments	25% reducing balance

Financial instruments

Financial instruments are classified and accounted for, according to the substance of the contractual arrangement, as 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. Where shares are issued, any component that creates a financial liability of the company is presented as a liability in the balance sheet. The corresponding dividends relating to the liability component are charged as interest expense in the profit and loss account.

2	Fixed assets

		Tangible assets £			Total £
Cost
At 1 March 2014		4,023			4,023
Additions		3,691			3,691
At 28 February 2015		7,714			7,714
Depreciation
At 1 March 2014		1,348			1,348
Charge for the year		1,002			1,002
At 28 February 2015		2,350			2,350
Net book value
At 28 February 2015		5,364			5,364
At 28 February 2014		2,675			2,675

Page 3

West Eaton Consulting Ltd
Notes to the Abbreviated Accounts for the Year Ended 28 February 2015
......... continued

3	Share capital

Allotted, called up and fully paid shares

	2015						2014
		No.			£			No.			£
Ordinary class shares of £1 each		1			1			1			1

Page 4