WESTWOOD ROCK LIMITED - Accounts 2013


ABBREVIATED ACCOUNTS


FOR THE YEAR ENDED 31/12/2013

















INDEX TO THE ACCOUNTS




Abbreviated Balance Sheet		2

Notes to the Abbreviated Accounts		3



The company's registered number is 3878445


Registered Number: 3878445

BALANCE SHEET AT 31/12/2013

			2013		2012
	Notes		£		£

FIXED ASSETS
Tangible assets	2		4,337		5,100

CURRENT ASSETS
Debtors (amounts falling due within one year)	3	71,903		58,739
Cash at bank and in hand		40,991		70,795
		112,894		129,534
CREDITORS: Amounts falling due within one year		68,454		77,041
NET CURRENT ASSETS			44,440		52,493
TOTAL ASSETS LESS CURRENT LIABILITIES			48,777		57,593


CREDITORS: Amounts falling due after more than one year	4		9,942		9,942

NET ASSETS			38,835		47,651

CAPITAL AND RESERVES

Called up share capital	5		61		61
Capital redemption reserve			30		30
Profit and loss account			38,744		47,560
SHAREHOLDERS' FUNDS			38,835		47,651

For the year ending 31/12/2013 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.

Approved by the board on 19/09/2014 and signed on their behalf by




K.N.JENKINS
Director

1. ACCOUNTING POLICIES




1a. Basis Of Accounting
The accounts have been prepared under the historical cost convention and in accordance with the Financial Reporting Standard for Smaller Entities (effective April 2008).




1b. Cash Flow Statement
The Company is exempt from including a statement of cash flows in its accounts in accordance with Financial Reporting Standard for Smaller Entities (effective April 2008).




1c. Depreciation
Depreciation has been provided at the following rates in order to write off the assets over their estimated useful lives.

Plant and Machinery		10 to 33%




1d. Taxation
Corporation tax payable is provided on taxable profits at the current rates.
Provision is made for deferred taxation in so far as a liability or asset has arisen as a result of transactions that had occurred by the balance sheet date and have given rise to an obligation to pay more tax in the future, or the right to pay less tax in the future. An asset has not been recognised to the extent that the transfer of economic benefits in the future is uncertain. Deferred tax assets and liabilities recognised have not been discounted.




1e. Turnover
Turnover comprises consultancy fees and royalties earned during the year, of which £5,000 (2011:£21,400) represents fees arising from non-UK markets - Switzerland.




3. DEBTORS	2013	2012
	£	£

Amounts falling due within one year:
Trade debtors	71,903	58,739
	71,903	58,739




4. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR
	2013	2012
	£	£
Other creditors	9,942	9,942
	9,942	9,942

Monies owed to the Directors included in other creditors is as follows. K Jenkins is owed £3,972 (2012 £3,972) and G Wordsworth is owed £5,970 (2012 £5,970)




5. SHARE CAPITAL	2013	2012
	£	£
Allotted, issued and fully paid:
61 Ordinary shares of £1 each	61	61
	61	61




6. PENSION COSTS
The company makes contributions to money purchase schemes for all qualifing employees. The assets of the schemes are held in separate administrated funds. The total pension costs for the year was £10,392 (2012 £10,092). There were outstanding contributions at 31 December 2013 of £nil (2012:£nil)




7. DIRECTORS EMOLUMENTS
During the year the directors received emoluments of £98,990 (2012: £98,947) for their services to the company.
Retirement benefits are accruing for the two directors under money purchase schemes.