WESTLAKE_(WEMBLEY)_LIMITE - Accounts

WESTLAKE(WEMBLEY) LIMITED - Company Information

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Company Registration No. 00752545 (England and Wales)

WESTLAKE (WEMBLEY) LIMITED

ABBREVIATED ACCOUNTS

FOR THE YEAR ENDED

31 DECEMBER 2013

WESTLAKE (WEMBLEY) LIMITED

CONTENTS

Page

Abbreviated balance sheet

1 - 2

Notes to the abbreviated accounts

3 - 4

WESTLAKE (WEMBLEY) LIMITED

ABBREVIATED BALANCE SHEET

AS AT 31 DECEMBER 2013

- 1 -

2013

2012

Notes

Fixed assets

Tangible assets

4,035

Current assets

Stocks

10,000

5,642

Debtors

39,698

977,420

Cash at bank and in hand

74,848

106,025

124,546

1,089,087

Creditors: amounts falling due within one year

(64,347)

(160,974)

Net current assets

60,199

928,113

Total assets less current liabilities

60,199

932,148

Provisions for liabilities

(289)

59,910

931,859

Capital and reserves

Called up share capital

1,000

Profit and loss account

58,910

930,859

Shareholders' funds

59,910

931,859

WESTLAKE (WEMBLEY) LIMITED

ABBREVIATED BALANCE SHEET (CONTINUED)

AS AT 31 DECEMBER 2013

- 2 -

For the financial year ended 31 December 2013 the company was entitled to exemption from audit under section 477 of the Companies Act 2006. The members have not required the company to obtain an audit of these financial statements in accordance with section 476 of the Companies Act 2006.

The directors acknowledge their responsibilities for ensuring that the company keeps accounting records which comply with section 386 of the Act and for preparing financial statements which give a true and fair view of the state of affairs of the company as at the end of the financial year and of its profit or loss for the 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 accounts, so far as applicable to the company.

These abbreviated accounts have been prepared in accordance with the provisions applicable to companies subject to the small companies regime within Part 15 of the Companies Act 2006.

Approved by the Board for issue on 25 September 2014

S Patel

C Patel

Director

Company Registration No. 00752545

WESTLAKE (WEMBLEY) LIMITED

NOTES TO THE ABBREVIATED ACCOUNTS

FOR THE YEAR ENDED 31 DECEMBER 2013

Accounting policies

1.1

Accounting convention

The financial statements are prepared under the historical cost convention.

1.2

Turnover

Turnover represents amounts receivable for goods and 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:

Fixtures & fittings

25% on reducing balance basis

Equipment

25% on reducing balance basis

Motor vehicles

25% on reducing balance basis

1.4

Leasing

Rentals payable under operating leases are charged against income on a straight line basis over the lease term.

1.5

Stock

Stock is valued at the lower of cost and net realisable value.

1.6

Long term contracts

Amounts recoverable on long term contracts, which are included in debtors, are stated at the net sales value of the work done after provision for contingencies and anticipated future losses on contracts, less amounts received as progress payments on account. Excess progress payments are included in creditors as payments on account.

1.7

Pensions

The company operates a defined contribution scheme for the benefit of its employees. Contributions payable are charged to the profit and loss account in the year they are payable.

1.8

Deferred taxation

Deferred taxation is provided in full in respect of taxation deferred by timing differences between the treatment of certain items for taxation and accounting purposes. The deferred tax balance has not been discounted.

WESTLAKE (WEMBLEY) LIMITED

NOTES TO THE ABBREVIATED ACCOUNTS (CONTINUED)

FOR THE YEAR ENDED 31 DECEMBER 2013

- 4 -

Fixed assets

Tangible assets

Cost

At 1 January 2013

109,561

Exchange differences

(95,307)

Disposals

(14,254)

At 31 December 2013

Depreciation

At 1 January 2013

105,525

On disposals

(105,525)

At 31 December 2013

Net book value

At 31 December 2013

At 31 December 2012

4,035

Share capital

2013

2012

Allotted, called up and fully paid

1,000 Ordinary shares of £1 each

1,000