Westfield Contracting Limited - Accounts to registrar (filleted) - small 18.2

REGISTERED NUMBER: 11728080 (England and Wales)

UNAUDITED FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 DECEMBER 2020

FOR

WESTFIELD CONTRACTING LIMITED

Page

Company Information

1

Abridged Statement of Financial Position

2

Notes to the Financial Statements

4

Chartered Accountants' Report

7

DIRECTORS:

A B Snape

V Sladzjs

D P Hawkins

REGISTERED OFFICE:

Willow End

Stoke Orchard Road

Bishops Cleeve

Cheltenham

Gloucestershire

GL52 7DG

REGISTERED NUMBER:

11728080 (England and Wales)

ACCOUNTANTS:

Andorran Limited

6 Manor Park Business Centre

Mackenzie Way

Cheltenham

Gloucestershire

GL51 9TX

FIXED ASSETS

Tangible assets

4

30,849

39,200

CURRENT ASSETS

Debtors

44,394

34,848

Cash at bank

26,954

5,394

71,348

40,242

CREDITORS

Amounts falling due within one year

(101,795

)

(77,100

)

NET CURRENT LIABILITIES

(30,447

)

(36,858

)

TOTAL ASSETS LESS CURRENT LIABILITIES

402

2,342

CREDITORS

Amounts falling due after more than one year

(45,000

)

-

PROVISIONS FOR LIABILITIES

-

(426

)

NET (LIABILITIES)/ASSETS

(44,598

)

1,916

CAPITAL AND RESERVES

Called up share capital

5

100

100

Retained earnings

(44,698

)

1,816

SHAREHOLDERS' FUNDS

(44,598

)

1,916

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 December 2020.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 December 2020 in accordance with Section 476 of the Companies Act 2006.

The directors acknowledge their 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.

The financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime.

All the members have consented to the preparation of an abridged Statement of Financial Position for the year ended 31 December 2020 in accordance with Section 444(2A) of the Companies Act 2006.

In accordance with Section 444 of the Companies Act 2006, the Statement of Income and Retained Earnings has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 15 September 2021 and were signed on its behalf by:

A B Snape - Director

1.	STATUTORY INFORMATION

Westfield Contracting Limited is a private company, limited by shares , registered in England and Wales. The company's registered number and registered office address can be found on the Company Information page.

The presentation currency of the financial statements is the Pound Sterling (£).

2.	ACCOUNTING POLICIES

Basis of preparing the financial statements

These financial statements have been prepared in accordance with Financial Reporting Standard 102 "The Financial Reporting Standard applicable in the UK and Republic of Ireland" including the provisions of Section 1A "Small Entities" and the Companies Act 2006. The financial statements have been prepared under the historical cost convention.

The company had net current liabilities at the end of the year and operated at a loss during the year to 31 December 2020. The company relies for its working capital on other companies under common ownership, largely its parent company. During this year, the business was reorganised and largely hived up into the former parent company, reducing the level of activity in this company. The former and current parent companies support the company with working capital and have confirmed to the directors that they will continue to do so for a period of at least twelve months from the date of approval of these financial statements.

On the basis that the directors consider this support will be forthcoming and will be sufficient to cover the company's working capital needs for that period against its lower level of activity, they believe the company to be a going concern and have prepared these financial statements on that basis.

Revenue recognition

Revenue represents the value, net of value added tax and discounts, of goods provided to customers

and work carried out in respect of services provided to customers.

Revenue is attributable to one continuing activity, that of emergency repair and maintenance services.

Tangible fixed assets

Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.

Plant and machinery

-

33% on cost

Motor vehicles

-

33% on cost

Computer equipment

-

33% on cost

Taxation

Taxation for the year comprises current and deferred tax. Tax is recognised in the Statement of Income and Retained Earnings, 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. Current tax is recognised at the amount of tax payable using the tax rates and laws that have been enacted or substantively enacted by the statement of financial position date.

Deferred tax

Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the statement of financial position date.

Timing differences arise from the inclusion of income and expenses in tax assessments in periods different from those in which they are recognised in financial statements. Deferred tax is measured using tax rates and laws that have been enacted or substantively enacted by the year end and that are expected to apply to the reversal of the timing difference.

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.

3.	EMPLOYEES AND DIRECTORS

The average number of employees during the year was 4 (2019 - 4 ) .

4.	TANGIBLE FIXED ASSETS

Totals

£

COST

At 1 January 2020

58,801

Additions

31,542

Disposals

(24,600

)

At 31 December 2020

65,743

DEPRECIATION

At 1 January 2020

19,601

Charge for year

21,826

Eliminated on disposal

(6,533

)

At 31 December 2020

34,894

NET BOOK VALUE

At 31 December 2020

30,849

At 31 December 2019

39,200

5.	CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:

Number:

Class:

Nominal

31.12.20

31.12.19

value:

£

£

100

Ordinary shares

£1

100

100

6.	RELATED PARTY DISCLOSURES

Snape Contracting Services Ltd

Related by reason of some common directors

The company buys and sells goods and services on an arms length basis from/to Snape Contracting Services Ltd. The value of purchases and sales during the year were £474,766 and £840,463 respectively.

31.12.20

31.12.19

£

£

Amount due from related party at the balance sheet date

67

34,634

Snape Construction Ltd

Related by reason of some common directors

The company buys and sells goods and services on an arms length basis from/to Snape Construction Limited. The value of purchases and sales during the year were £16,382 and £955 respectively.

31.12.20

31.12.19

£

£

Amount due to related party at the balance sheet date

-

11,764

Willow Construction (Midlands) Ltd

Parent company

The company receives working capital from the related party in the form of an interest-free, unsecured, repayable on demand loan, which is shown as due within one year.

31.12.20

31.12.19

£

£

Amount due to related party at the balance sheet date

75,000

60,000

V Sladzjs

Director and minority shareholder

The company purchased Fixed Assets from the related party on an arms length basis during the year. The total value of Fixed Assets purchases was £26,543 (2019: £44,140)

The following reproduces the text of the report prepared for the directors in respect of the company's annual unaudited financial statements. In accordance with the Companies Act 2006, the company is only required to file a Statement of Financial Position. Readers are cautioned that the Income Statement and certain other primary statements and the Report of the Directors are not required to be filed with the Registrar of Companies.

In order to assist you to fulfil your duties under the Companies Act 2006, we have prepared for your approval the financial statements of Westfield Contracting Limited for the year ended 31 December 2020 which comprise the Statement of Income and Retained Earnings, Abridged Statement of Financial Position and the related notes 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 within the ICAEW's regulations and guidance at http://www.icaew.com/en/membership/regulations-standards-and-guidance.

This report is made solely to the Board of Directors of Westfield Contracting Limited, as a body, in accordance with our terms of engagement. Our work has been undertaken solely to prepare for your approval the financial statements of Westfield Contracting Limited and state those matters that we have agreed to state to the Board of Directors of Westfield Contracting Limited, as a body, in this report in accordance with ICAEW Technical Release 07/16AAF. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than Westfield Contracting Limited and its Board of Directors, as a body, for our work or for this report.

It is your duty to ensure that Westfield Contracting Limited has kept adequate accounting records and to prepare statutory financial statements that give a true and fair view of the assets, liabilities, financial position and loss of Westfield Contracting Limited. You consider that Westfield Contracting Limited 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 financial statements of Westfield Contracting Limited. 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 financial statements.

Andorran Limited

6 Manor Park Business Centre

Mackenzie Way

Cheltenham

Gloucestershire

GL51 9TX

15 September 2021