West Coast Surveys Limited - Period Ending 2014-10-31

Registration number: 04939904

West Coast Surveys Limited

Unaudited Abbreviated Accounts

for the Year Ended 31 October 2014
 

West Coast Surveys Limited
(Registration number: 04939904)
Abbreviated Balance Sheet at 31 October 2014

		Note			2014 £			2013 £
Fixed assets
Tangible fixed assets		2			2,606			7,161
Current assets
Stocks					29,489			6,136
Debtors					15,826			29,606
Cash at bank and in hand					20,378			5,323
					65,693			41,065
Creditors: Amounts falling due within one year					(50,236)			(38,423)
Net current assets					15,457			2,642
Total assets less current liabilities					18,063			9,803
Provisions for liabilities					(363)			(1,040)
Net assets					17,700			8,763
Capital and reserves
Called up share capital		3			270			270
Profit and loss account					17,430			8,493
Shareholders' funds					17,700			8,763

The notes on pages 3 to 4 form an integral part of these financial statements.
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West Coast Surveys Limited
(Registration number: 04939904)
Abbreviated Balance Sheet at 31 October 2014
......... continued

For the year ending 31 October 2014 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 directors acknowledge their 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 and in accordance with the Financial Reporting Standard for Smaller Entities (effective 2008).

Approved by the Board on 21 May 2015 and signed on its behalf by:

.........................................
Mr J Boughey
Director

The notes on pages 3 to 4 form an integral part of these financial statements.
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West Coast Surveys Limited
Notes to the Abbreviated Accounts for the Year Ended 31 October 2014
......... 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. It includes the relevant proportion of contract values where work is partially performed during the year.

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
Motor vehicles	25% straight line basis
Fixtures, fittings and equipment	20% - 33% straight line basis

Work in progress

Work in progress is valued at the lower of cost and net realisable value, after due regard for obsolete and slow moving stocks. Net realisable value is based on selling price less anticipated costs to completion and selling costs. Cost includes all direct costs and an appropriate proportion of fixed and variable overheads.

Deferred tax

Deferred tax is recognised, without discounting, in respect of all timing differences between the treatment of certain items for taxation and accounting purposes, which have arisen but not reversed by the balance sheet date, except as required by the FRSSE. Deferred tax is measured at the rates that are expected to apply in the periods when the timing differences are expected to reverse, based on the tax rates and law enacted at the balance sheet date.

Hire purchase and leasing

Rentals payable under operating leases are charged in the profit and loss account on a straight line basis over the lease term.

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.

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West Coast Surveys Limited
Notes to the Abbreviated Accounts for the Year Ended 31 October 2014
......... continued

2	Fixed assets

		Tangible assets £			Total £
Cost
At 1 November 2013		26,726			26,726
Disposals		(10,480)			(10,480)
At 31 October 2014		16,246			16,246
Depreciation
At 1 November 2013		19,565			19,565
Charge for the year		3,480			3,480
Eliminated on disposals		(9,405)			(9,405)
At 31 October 2014		13,640			13,640
Net book value
At 31 October 2014		2,606			2,606
At 31 October 2013		7,161			7,161

3	Share capital

Allotted, called up and fully paid shares

	2014						2013
		No.			£			No.			£
Ordinary shares of £1 each		270			270			270			270

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