Westmore Construction Ltd - Period Ending 2016-03-31

Registration number: 4538177

Westmore Construction Ltd

Unaudited Abbreviated Accounts

for the Year Ended 31 March 2016
 

AIMS Accountants for Business
Accountants and Business Advisors
14 Beagleswood Road
Pembury
Tunbridge Wells
Kent
TN2 4HX

Westmore Construction Ltd
Contents

Accountants' Report 1

Abbreviated Balance Sheet 2

Notes to the Abbreviated Accounts 3 to 4

The following reproduces the text of the accountants' report in respect of the company's annual financial statements, from which the abbreviated accounts (set out on pages 2 to 4) have been prepared.

Chartered Accountants' Report to the Director on the Preparation of the Unaudited Statutory Accounts of
Westmore Construction Ltd
for the Year Ended 31 March 2016

In order to assist you to fulfil your duties under the Companies Act 2006, we have prepared for your approval the accounts of Westmore Construction Ltd for the year ended 31 March 2016 set out on pages from the company's accounting records and from information and explanations you have given us.

As a practising member firm of the Independent Certified Practising Accountants (ICPA) and the Association of Accounting Technicians (AAT), we are subject to their ethical and other professional requirements which are detailed at icpa.org.uk and aat.org.uk.

This report is made solely to the Board of Directors of Westmore Construction Ltd, as a body, in accordance with the terms of our engagement letter. Our work has been undertaken solely to prepare for your approval the accounts of Westmore Construction Ltd and state those matters that we have agreed to state to them, as a body, in this report . To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than Westmore Construction Ltd and its Board of Directors as a body for our work or for this report.

It is your duty to ensure that Westmore Construction Ltd has kept adequate accounting records and to prepare statutory accounts that give a true and fair view of the assets, liabilities, financial position and profit of Westmore Construction Ltd. You consider that Westmore Construction Ltd is exempt from the statutory audit requirement for the year.

We have not been instructed to carry out an audit or a review of the accounts of Westmore Construction Ltd. For this reason, we have not verified the accuracy or completeness of the accounting records or information and explanations you have given to us and we do not, therefore, express any opinion on the statutory accounts.

......................................

AIMS Accountants for Business
Accountants and Business Advisors
14 Beagleswood Road
Pembury
Tunbridge Wells
Kent
TN2 4HX

7 December 2016

Page 1

Westmore Construction Ltd
(Registration number: 4538177)
Abbreviated Balance Sheet at 31 March 2016

		Note			2016 £			2015 £
Fixed assets
Tangible fixed assets					6,626			10,880
Current assets
Stocks					2,979			5,575
Debtors					3,334			(9,159)
Cash at bank and in hand					1,962			1,379
					8,275			(2,205)
Creditors: Amounts falling due within one year					(7,828)			(3,155)
Net current assets/(liabilities)					447			(5,360)
Net assets					7,073			5,520
Capital and reserves
Called up share capital		3			100			100
Profit and loss account					6,973			5,420
Shareholders' funds					7,073			5,520

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 director acknowledges his 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 director on 7 December 2016

.........................................
Mr Pete Williams
Director

The notes on pages 3 to 4 form an integral part of these financial statements.
Page 2

Westmore Construction Ltd
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 amounts chargeable, net of value added tax, in respect of the sale of goods and services 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 & Machinery	25% straight line basis

Work in progress

Work in progress is valued at the lower of cost and net realisable value, after due regard for obsolete and slow moving stocks. Net realisable value is based on selling price less anticipated costs to completion and selling costs. Cost includes all direct costs and an appropriate proportion of fixed and variable overheads.

Deferred tax

Deferred tax is recognised , if material, without discounting, in respect of all timing differences between the treatment of certain items for taxation and accounting purposes, which have arisen but not reversed by the balance sheet date, except as required by FRSSE. Deferred tax is measured at the rates that are expected to apply in the periods when the timing differences are expected to reverse, based on the tax rates and law enacted at the balance sheet date.

Page 3

Westmore Construction Ltd
Notes to the Abbreviated Accounts for the Year Ended 31 March 2016
......... continued

2	Fixed assets

		Tangible assets £			Total £
Cost
At 1 April 2015		20,413			20,413
Additions		1,133			1,133
At 31 March 2016		21,546			21,546
Depreciation
At 1 April 2015		9,533			9,533
Charge for the year		5,387			5,387
At 31 March 2016		14,920			14,920
Net book value
At 31 March 2016		6,626			6,626
At 31 March 2015		10,880			10,880

3	Share capital

Allotted, called up and fully paid shares

	2016						2015
		No.			£			No.			£
Ordinary Shares of £1 each		1			1			1			1
Ordinary Shares A of £1 each		49			49			49			49
Ordinary Shares B of £1 each		50			50			50			50
		100			100			100			100

4	Related party transactions

Director's advances and credits

	2016 Advance/ Credit £	2016 Repaid £	2015 Advance/ Credit £	2015 Repaid £
Mr Pete Williams
Included within other creditors is an amount owed to the Director from his Directors current account	(2,841)	-	(508)	18,393

Page 4