Weststone Projects Ltd - Accounts to registrar (filleted) - small 23.1.2

Weststone Projects Ltd - Accounts to registrar (filleted) - small 23.1.2

WESTSTONE PROJECTS LTD - Company Information

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REGISTERED NUMBER: 06760379 (England and Wales)















WESTSTONE PROJECTS LTD

UNAUDITED FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 JANUARY 2023





DTE Business Advisers Limited
Chartered Accountants
The Exchange
5 Bank Street
Bury
BL9 0DN








WESTSTONE PROJECTS LTD (REGISTERED NUMBER: 06760379)

CONTENTS OF THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 JANUARY 2023










Page

Company Information 1

Statement of Financial Position 2

Notes to the Financial Statements 3


WESTSTONE PROJECTS LTD

COMPANY INFORMATION
FOR THE YEAR ENDED 31 JANUARY 2023







DIRECTORS: C J Bentley
M W Goss





SECRETARY: L V Bentley





REGISTERED OFFICE: Delph New Road
Dobcross
Oldham
OL3 5BG





REGISTERED NUMBER: 06760379 (England and Wales)





ACCOUNTANTS: DTE Business Advisers Limited
Chartered Accountants
The Exchange
5 Bank Street
Bury
BL9 0DN
1
WESTSTONE PROJECTS LTD (REGISTERED NUMBER: 06760379)

STATEMENT OF FINANCIAL POSITION
31 JANUARY 2023

2023 2022
Notes £    £   
CURRENT ASSETS
Debtors 4 411 65,000
Cash at bank and in hand 593 3,867
1,004 68,867
CREDITORS
Amounts falling due within one year 5 (628 ) (2,918 )
NET CURRENT ASSETS 376 65,949
TOTAL ASSETS LESS CURRENT
LIABILITIES
376
65,949

CAPITAL AND RESERVES
Called up share capital 312 312
Capital redemption reserve 50 50
Retained earnings 14 65,587
SHAREHOLDERS' FUNDS 376 65,949

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 January 2023.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 January 2023 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.

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

The financial statements were approved by the Board of Directors and authorised for issue on 25 May 2023 and were signed on its behalf by:




C J Bentley - Director


The notes form part of these financial statements

2
WESTSTONE PROJECTS LTD (REGISTERED NUMBER: 06760379)

NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 JANUARY 2023


1. STATUTORY INFORMATION

Weststone Projects Ltd is a private company, limited by shares, registered in England and Wales. The company's registered number is 06760379 and its registered office address is Delph New Road, Dobcross, Oldham, OL3 5BG.

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 is no longer operational. The accounts are prepared on a basis other than that of a going concern.

Taxation
Taxation for the year comprises current and deferred tax. Tax is recognised in the Income Statement, 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.

Foreign currencies
Monetary assets and liabilities in foreign currencies are translated into sterling at the rates of exchange ruling at the statement of financial position date. Transactions in foreign currencies are translated into sterling at the rate of exchange ruling at the date of transaction. Exchange differences are taken into account in arriving at the operating result.

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WESTSTONE PROJECTS LTD (REGISTERED NUMBER: 06760379)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 JANUARY 2023


2. ACCOUNTING POLICIES - continued

Financial instruments
The company only enters into basic financial instruments transactions that result in the recognition of financial assets and liabilities like trade and other accounts receivable and payable, loans from banks and other third parties and loans to related parties.

Financial assets that are measured at cost and amortised cost are assessed at the end of each reporting period for objective evidence of impairment. If objective evidence of impairment is found, an impairment loss is recognised in the income statement.

Basic financial liabilities are initially measured at transaction price and subsequently measured at amortised cost.

Critical accounting estimates and judgements
There are currently no critical accounting estimates and judgements applied by the directors that are considered key to the preparation of the financial statements.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 3 (2022 - 3 ) .

4. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Amounts owed by associated company - 65,000
Other debtors 411 -
411 65,000

5. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Amounts owed to associated company 108 -
Social security and other taxes 20 1,872
Other creditors - 294
Directors current account - 2
Accrued expenses 500 750
628 2,918

6. DIRECTORS' ADVANCES, CREDITS AND GUARANTEES

Included within debtors due within one year is an amount of £311 owed from a director. This was the maximum overdrawn balance during the year and there were no material advances. This advance is unsecured, interest free and repayable on demand.

4