Westcote Developments Limited - Period Ending 2016-03-31

Registration number: 04088516

Westcote Developments Limited

Unaudited Abbreviated Accounts

for the Year Ended 31 March 2016
 

Brien Accountancy Limited
Office Suite A
6 Corn Square
Leominster
Herefordshire
HR6 8LR

Westcote Developments Limited
Contents

Abbreviated Balance Sheet 1

Notes to the Abbreviated Accounts 2 to 3

Westcote Developments Limited
(Registration number: 04088516)
Abbreviated Balance Sheet at 31 March 2016

		Note			2016 £			2015 £
Fixed assets
Tangible fixed assets					883			1,178
Current assets
Stocks					10,344			6,680
Debtors					14,088			70,590
Cash at bank and in hand					128,864			55,719
					153,296			132,989
Creditors: Amounts falling due within one year					(15,284)			(14,166)
Net current assets					138,012			118,823
Net assets					138,895			120,001
Capital and reserves
Called up share capital		3			150,000			150,000
Profit and loss account					(11,105)			(29,999)
Shareholders' funds					138,895			120,001

For the year ending 31 March 2016 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 17 October 2016 and signed on its behalf by:

.........................................
Viscount Cobham
Director

The notes on pages 2 to 3 form an integral part of these financial statements.
Page 1

Westcote Developments Limited
Notes to the Abbreviated Accounts for the Year Ended 31 March 2016
......... continued

1	Accounting policies

Basis of preparation

The full financial statements, from which these abbreviated accounts have been extracted, have been prepared under the historical cost convention and in accordance with the Financial Reporting Standard for Smaller Entities (Effective January 2015).

Turnover

Turnover represents the value, net of value added tax and discounts, of goods provided to customers and work carried out in respect of services provided to customers.

Depreciation

Depreciation is provided on tangible fixed assets so as to write off the cost or valuation, less any estimated residual value, over their expected useful economic life as follows:

Asset class	Depreciation method and rate
Plant and machinery	25% reducing balance
Motor vehicles	25% reducing balance

Stock

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

Financial instruments

Financial instruments are classified and accounted for, according to the substance of the contractual arrangement, as financial assets, financial liabilities or equity instruments. An equity instrument is any contract that evidences a residual interest in the assets of the company after deducting all of its liabilities. Where shares are issued, any component that creates a financial liability of the company is presented as a liability in the balance sheet. The corresponding dividends relating to the liability component are charged as interest expense in the profit and loss account.

Page 2

Westcote Developments Limited
Notes to the Abbreviated Accounts for the Year Ended 31 March 2016
......... continued

2	Fixed assets

		Tangible assets £			Total £
Cost
At 1 April 2015		56,685			56,685
At 31 March 2016		56,685			56,685
Depreciation
At 1 April 2015		55,507			55,507
Charge for the year		295			295
At 31 March 2016		55,802			55,802
Net book value
At 31 March 2016		883			883
At 31 March 2015		1,178			1,178

3	Share capital

Allotted, called up and fully paid shares

	2016						2015
		No.			£			No.			£
Ordinary of £1 each		150,000			150,000			150,000			150,000

Page 3