Westford Surveying Limited 31/05/2022 iXBRL

Westford Surveying Limited 31/05/2022 iXBRL

WESTFORD SURVEYING LIMITED - Company Information

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0 31/05/2022 2022-05-31 false false false false false false false false false false true false false true false false false false true true false No description of principal activities is disclosed 2022-02-01 Sage Accounts Production 21.0 - FRS102_2021 xbrli:pure xbrli:shares iso4217:GBP 9303842 2022-02-01 2022-05-31 9303842 2022-05-31 9303842 2022-01-31 9303842 2021-02-01 2022-01-31 9303842 2022-01-31 9303842 core:FurnitureFittingsToolsEquipment 2022-02-01 2022-05-31 9303842 bus:Director1 2022-02-01 2022-05-31 9303842 core:FurnitureFittingsToolsEquipment 2022-01-31 9303842 core:WithinOneYear 2022-05-31 9303842 core:WithinOneYear 2022-01-31 9303842 core:AfterOneYear 2022-01-31 9303842 core:ShareCapital 2022-05-31 9303842 core:ShareCapital 2022-01-31 9303842 core:RetainedEarningsAccumulatedLosses 2022-05-31 9303842 core:RetainedEarningsAccumulatedLosses 2022-01-31 9303842 bus:SmallEntities 2022-02-01 2022-05-31 9303842 bus:AuditExempt-NoAccountantsReport 2022-02-01 2022-05-31 9303842 bus:FullAccounts 2022-02-01 2022-05-31 9303842 bus:SmallCompaniesRegimeForAccounts 2022-02-01 2022-05-31 9303842 bus:PrivateLimitedCompanyLtd 2022-02-01 2022-05-31 9303842 1 2022-02-01 2022-05-31
Company registration number: 9303842
Westford Surveying Limited
Unaudited filleted financial statements
31 May 2022
Westford Surveying Limited
Contents
Statement of financial position
Notes to the financial statements
Westford Surveying Limited
Statement of financial position
31 May 2022
31/05/22 31/01/22
Note £ £ £ £
Current assets
Debtors 6 855 855
Cash at bank and in hand 234 6,971
_______ _______
1,089 7,826
Creditors: amounts falling due
within one year 7 ( 18,349) ( 10,108)
_______ _______
Net current liabilities ( 17,260) ( 2,282)
_______ _______
Total assets less current liabilities ( 17,260) ( 2,282)
Creditors: amounts falling due
after more than one year 8 - ( 14,844)
_______ _______
Net liabilities ( 17,260) ( 17,126)
_______ _______
Capital and reserves
Called up share capital 100 100
Profit and loss account ( 17,360) ( 17,226)
_______ _______
Shareholder deficit ( 17,260) ( 17,126)
_______ _______
For the period ending 31 May 2022 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.
Director's responsibilities:
- The member has not required the company to obtain an audit of its financial statements for the period in question in accordance with section 476;
- The director acknowledges their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of financial statements.
These financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies' regime and in accordance with Section 1A of FRS 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland'.
In accordance with section 444 of the Companies Act 2006, the income statement has not been delivered.
These financial statements were approved by the board of directors and authorised for issue on 02 June 2022 , and are signed on behalf of the board by:
Mr Michael Stroud
Director
Company registration number: 9303842
Westford Surveying Limited
Notes to the financial statements
Period ended 31 May 2022
1. General information
The company is a private company limited by shares, registered in England & Wales. The address of the registered office is Office 1 Riverside Court, 24 Lower Southend Road, Wickford, SS11 8AW.
2. Statement of compliance
These financial statements have been prepared in compliance with the provisions of FRS 102, Section 1A, 'The Financial Reporting Standard applicable in the UK and Republic of Ireland'.
3. Accounting policies
Basis of preparation
The financial statements have been prepared on the historical cost basis, as modified by the revaluation of certain financial assets and liabilities and investment properties measured at fair value through profit or loss.
The financial statements are prepared in sterling, which is the functional currency of the entity.
Taxation
The taxation expense represents the aggregate amount of current and deferred tax recognised in the reporting period. Tax is recognised in the statement of comprehensive income, except to the extent that it relates to items recognised in other comprehensive income or directly in capital and reserves. In this case, tax is recognised in other comprehensive income or directly in capital and reserves, respectively. Current tax is recognised on taxable profit for the current and past periods. Current tax is measured at the amounts of tax expected to pay or recover using the tax rates and laws that have been enacted or substantively enacted at the reporting date.
Deferred tax is recognised in respect of all timing differences at the reporting date. Unrelieved tax losses and other deferred tax assets are recognised to the extent that it is probable that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits. Deferred tax is measured using the tax rates and laws that have been enacted or substantively enacted by the reporting date that are expected to apply to the reversal of the timing difference.
Tangible assets
tangible assets are initially recorded at cost, and are 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 capital and reserves, 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 capital and reserves in respect of that asset. Where a revaluation decrease exceeds the accumulated revaluation gains accumulated in capital and reserves in respect of that asset, the excess shall be recognised in profit or loss.
Depreciation
Depreciation is calculated so as to write off the cost or valuation of an asset, less its residual value, over the useful economic life of that asset as follows:
Fittings fixtures and equipment - 25 % straight line
If there is an indication that there has been a significant change in depreciation rate, useful life or residual value of tangible assets, the depreciation is revised prospectively to reflect the new estimates.
Impairment
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. 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 are largely independent of the cash inflows from other assets or groups of assets.
4. Staff costs
The average number of persons employed by the company during the period amounted to Nil (2022: 1 ).
The aggregate payroll costs incurred during the period were:
Period Year
ended ended
31/05/22 31/01/22
£ £
Wages and salaries - 4,400
Social security costs - 181
_______ _______
- 4,581
_______ _______
5. Tangible assets
Fixtures, fittings and equipment Total
£ £
Cost
At 1 February 2022 1,200 1,200
Disposals ( 1,200) ( 1,200)
_______ _______
At 31 May 2022 - -
_______ _______
Depreciation
At 1 February 2022 1,200 1,200
Disposals ( 1,200) ( 1,200)
_______ _______
At 31 May 2022 - -
_______ _______
Carrying amount
At 31 May 2022 - -
_______ _______
At 31 January 2022 - -
_______ _______
6. Debtors
31/05/22 31/01/22
£ £
Other debtors 855 855
_______ _______
7. Creditors: amounts falling due within one year
31/05/22 31/01/22
£ £
Bank loans and overdrafts - 4,259
Social security and other taxes 114 114
Other creditors 18,235 5,735
_______ _______
18,349 10,108
_______ _______
8. Creditors: amounts falling due after more than one year
31/05/22 31/01/22
£ £
Other creditors - 14,844
_______ _______
9. Controlling party
The company is controlled by the director, M Stroud .