WESTGATE_UK_LIMITED - Accounts

WESTGATE UK LIMITED - Company Information

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Company Registration No. 04919829 (England and Wales)

WESTGATE UK LIMITED

ABBREVIATED ACCOUNTS

FOR THE YEAR ENDED 31 OCTOBER 2014

WESTGATE UK LIMITED

CONTENTS

Page

Abbreviated balance sheet

Notes to the abbreviated accounts

2 - 3

WESTGATE UK LIMITED

ABBREVIATED BALANCE SHEET

AS AT

31 OCTOBER 2014

- 1 -

2014

2013

Notes

Fixed assets

Tangible assets

21,092

5,715

Current assets

Debtors

365,543

427,764

Cash at bank and in hand

3,818

9,811

369,361

437,575

Creditors: amounts falling due within one year

(281,666)

(305,702)

Net current assets

87,695

131,873

Total assets less current liabilities

108,787

137,588

Capital and reserves

Called up share capital

100

Profit and loss account

108,687

137,488

Shareholders' funds

108,787

137,588

For the financial year ended 31 October 2014 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

Director's responsibilities:

The members have not required the company to obtain an audit of its financial statements for the year in question in accordance with section 476;

The director acknowledges her responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of financial statements.

These abbreviated financial statements have been prepared in accordance with the provisions applicable to companies subject to the small companies' regime.

Approved by the Board for issue on 28 July 2015

C. Schiel

Director

Company Registration No. 04919829

WESTGATE UK LIMITED

NOTES TO THE ABBREVIATED ACCOUNTS

FOR THE YEAR ENDED 31 OCTOBER 2014

- 2 -

Accounting policies

1.1

Accounting convention

The financial statements are prepared under the historical cost convention and in accordance with the Financial Reporting Standard for Smaller Entities (effective April 2008).

The company has taken advantage of the exemption in Financial Reporting Standard No 1 from the requirement to produce a cash flow statement on the grounds that it is a small company.

1.2

Turnover

Turnover represents amounts receivable for consultancy services net of VAT and trade discounts.

1.3

Tangible fixed assets and depreciation

Tangible fixed assets are stated at cost less depreciation. Depreciation is provided at rates calculated to write off the cost less estimated residual value of each asset over its expected useful life, as follows:

Plant and machinery

20% reducing balance

Motor vehicles

25% straight line

1.4

Foreign currency translation

Monetary assets and liabilities denominated in foreign currencies are translated into sterling at the rates of exchange ruling at the balance sheet date. Transactions in foreign currencies are recorded at the rate ruling at the date of the transaction. All differences are taken to profit and loss account.

Fixed assets

Tangible assets

Cost

At 1 November 2013

59,562

Additions

26,299

Disposals

(54,327)

At 31 October 2014

31,534

Depreciation

At 1 November 2013

53,846

On disposals

(54,327)

Charge for the year

10,923

At 31 October 2014

10,442

Net book value

At 31 October 2014

21,092

At 31 October 2013

5,715

WESTGATE UK LIMITED

NOTES TO THE ABBREVIATED ACCOUNTS (CONTINUED)

FOR THE YEAR ENDED 31 OCTOBER 2014

- 3 -

Share capital

2014

2013

Allotted, called up and fully paid

99 'A' ordinary voting shares of £1 each

1 'B' ordinary non-voting shares of £1 each

100