Company Registration No. 04919829 (England and Wales)
WESTGATE UK LIMITED
ABBREVIATED ACCOUNTS
FOR THE YEAR ENDED 31 OCTOBER 2015
WESTGATE UK LIMITED
CONTENTS
Page
Abbreviated balance sheet
1
Notes to the abbreviated accounts
2
WESTGATE UK LIMITED
ABBREVIATED BALANCE SHEET
AS AT
31 OCTOBER 2015
31 October 2015
- 1 -
2015
2014
Notes
£
£
£
£
Fixed assets
Tangible assets
2
16,873
21,092
Current assets
Debtors
372,744
365,543
Cash at bank and in hand
2,351
3,818
375,095
369,361
Creditors: amounts falling due within one year
(332,528)
(281,666)
Net current assets
42,567
87,695
Total assets less current liabilities
59,440
108,787
Capital and reserves
Called up share capital
3
100
100
Profit and loss account
59,340
108,687
Shareholders' funds
59,440
108,787
For the financial year ended 31 October 2015 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 18 April 2016
C. Schiel
Director
Company Registration No. 04919829
WESTGATE UK LIMITED
NOTES TO THE ABBREVIATED ACCOUNTS
FOR THE YEAR ENDED 31 OCTOBER 2015
- 2 -
1
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.
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
2
Fixed assets
Tangible assets
£
Cost
At 1 November 2014 & at 31 October 2015
31,534
Depreciation
At 1 November 2014
10,442
Charge for the year
4,219
At 31 October 2015
14,661
Net book value
At 31 October 2015
16,873
At 31 October 2014
21,092
3
Share capital
2015
2014
£
£
Allotted, called up and fully paid
99 'A' ordinary voting shares of £1 each
99
99
1 'B' ordinary non-voting shares of £1 each
1
1
100
100
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