Company Registration No. 12294771 (England and Wales)
WEST GROWTH UK LTD
Unaudited accounts
for the period from 1 December 2020 to 30 June 2021
WEST GROWTH UK LTD
Unaudited accounts
Contents
WEST GROWTH UK LTD
Company Information
for the period from 1 December 2020 to 30 June 2021
Directors
CHEUNG, Kin Ping
LEUNG, Chi King Tommy
LO, Ka Ki Beon
YAP, Mei Kheng
Company Number
12294771 (England and Wales)
Registered Office
BAY 3, WESTON CENTRE
WESTON ROAD
CREWE
CW1 6FL
ENGLAND
WEST GROWTH UK LTD
Statement of financial position
as at 30 June 2021
Tangible assets
13,153
17,482
Inventories
273,999
155,047
Cash at bank and in hand
215,103
243,750
Creditors: amounts falling due within one year
(347,340)
(392,843)
Net current assets
161,932
57,910
Called up share capital
100
100
Profit and loss account
174,985
75,292
Shareholders' funds
175,085
75,392
For the period ending 30 June 2021 the company was entitled to exemption from audit 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 and delivered in accordance with the provisions applicable to companies subject to the small companies' regime and in accordance with the provisions of FRS 102 Section 1A - Small Entities. The profit and loss account has not been delivered to the Registrar of Companies.
The financial statements were approved by the Board of Directors and authorised for issue on 30 November 2021 and were signed on its behalf by
LEUNG, Chi King Tommy
Director
Company Registration No. 12294771
WEST GROWTH UK LTD
Notes to the Accounts
for the period from 1 December 2020 to 30 June 2021
WEST GROWTH UK LTD is a private company, limited by shares, registered in England and Wales, registration number 12294771. The registered office is BAY 3, WESTON CENTRE, WESTON ROAD, CREWE, CW1 6FL, ENGLAND.
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Compliance with accounting standards
The accounts have been prepared in accordance with the provisions of FRS 102 Section 1A Small Entities. There were no material departures from that standard.
The principal accounting policies adopted in the preparation of the financial statements are set out below and have remained unchanged from the previous period, and also have been consistently applied within the same accounts.
The accounts have been prepared under the historical cost convention as modified by the revaluation of certain fixed assets.
The accounts are presented in £ sterling.
Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes. Turnover from the sale of goods is recognised when goods have been delivered to customers such that risks and rewards of ownership have transferred to them. Turnover from the rendering of services is recognised by reference to the stage of completion of the contract. The stage of completion of a contract is measured by comparing the costs incurred for work performed to date to the total estimated contract costs.
Tangible fixed assets and depreciation
Tangible assets are included at cost less depreciation and impairment. Depreciation has been provided at the following rates in order to write off the assets over their estimated useful lives:
Inventories have been valued at the lower of cost and estimated selling price less costs to complete and sell. In respect of work in progress and finished goods, cost includes a relevant proportion of overheads according to the stage of manufacturing/completion.
Cost is based on the cost of purchase on a first in, first out basis.
At each reporting date, stocks are assessed for impairment. If stock Is impaired, the carrying amount is reduced to its selling price less costs to complete and sell. The impairment loss is recognised immediately in Statement of Income and Retained Earnings.
Monetary assets and liabilities in foreign currencies are translated into sterling at the rates of exchange ruling at the balance sheet date. Transactions in foreign currencies are translated into sterling at the rates of exchange ruling at the date of the transaction. Exchange differences are taken into account in arriving at the operating profit.
Government grants in relation to tangible fixed assets are credited to profit and loss account over the useful lives of the related assets, whereas those in relation to expenditure are credited when the expenditure is charged to profit and loss.
WEST GROWTH UK LTD
Notes to the Accounts
for the period from 1 December 2020 to 30 June 2021
The company operates a defined contribution scheme for the benefit of its employees. Contributions payable are recognised in the profit and loss account when due.
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Tangible fixed assets
Plant & machinery
Charge for the period
4,385
At 30 November 2020
17,482
Finished goods
273,999
155,047
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Debtors: amounts falling due within one year
2021
2020
Trade debtors
7,828
39,870
Accrued income and prepayments
985
1,988
Debtors: amounts falling due after more than one year
Other debtors
11,357
10,098
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Creditors: amounts falling due within one year
2021
2020
Trade creditors
2,089
36,267
Amounts owed to group undertakings and other participating interests
265,598
257,984
Taxes and social security
35,372
12,731
Other creditors
2,733
33,614
Loans from directors
-
8,897
WEST GROWTH UK LTD
Notes to the Accounts
for the period from 1 December 2020 to 30 June 2021
Allotted, called up and fully paid:
100 Ordinary shares of £1 each
100
100
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Transactions with related parties
Included within Creditors amounts falling due within one year are amounts of:
£265,598 (2020: £257,984) due to CCL Holding Company Ltd and its subsidiaries
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Average number of employees
During the period the average number of employees was 2 (2020: 2).
