Westfourstreet Limited - Period Ending 2016-07-31

Registration number: 08157272

Westfourstreet Limited

Unaudited Abbreviated Accounts

for the Year Ended 31 July 2016
 

Westfourstreet Limited
Contents

Abbreviated Balance Sheet 1

Notes to the Abbreviated Accounts 2 to 3

Westfourstreet Limited
(Registration number: 08157272)
Abbreviated Balance Sheet at 31 July 2016

		Note			2016 £			2015 £
Fixed assets
Tangible fixed assets		2			486			648
Current assets
Debtors					20,410			28,418
Cash at bank and in hand					680			1,245
					21,090			29,663
Creditors: Amounts falling due within one year					(19,454)			(26,874)
Net current assets					1,636			2,789
Net assets					2,122			3,437
Capital and reserves
Called up share capital		3			100			100
Profit and loss account					2,022			3,337
Shareholders' funds					2,122			3,437

For the year ending 31 July 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 20 June 2017

.........................................
Richard Bateman
Director

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

Westfourstreet Limited
Notes to the Abbreviated Accounts for the Year Ended 31 July 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
Office equipment	25% reducing balance

Hire purchase and leasing

Rentals payable under operating leases are charged in the profit and loss account on a straight line basis over the lease term.

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

Westfourstreet Limited
Notes to the Abbreviated Accounts for the Year Ended 31 July 2016
......... continued

2	Fixed assets

		Tangible assets £			Total £
Cost
At 1 August 2015		1,536			1,536
At 31 July 2016		1,536			1,536
Depreciation
At 1 August 2015		888			888
Charge for the year		162			162
At 31 July 2016		1,050			1,050
Net book value
At 31 July 2016		486			486
At 31 July 2015		648			648

3	Share capital

Allotted, called up and fully paid shares

	2016						2015
		No.			£			No.			£
Ordinary shares of £1 each		100			100			100			100

Page 3