Abbreviated Company Accounts - WESTGATE GLASS & MIRROR COMPANY LIMITED

WESTGATE GLASS & MIRROR COMPANY LIMITED - Company Information

06656463 WESTGATE GLASS & MIRROR COMPANY LIMITED 2016-09-30 false 2015-10-01 2016-09-30 true 06656463 2015-10-01 2016-09-30 06656463 2016-09-30 06656463 2015-09-30 06656463 uk-gaap-cd-bus:Director1 2015-10-01 2016-09-30 06656463 uk-gaap-cd-bus:Director2 2015-10-01 2016-09-30 uk-gaap-cd-bus:Director3 2015-10-01 2016-09-30 uk-gaap-cd-bus:Director3 2016-09-30 uk-gaap-cd-bus:Director3 2015-09-30 iso4217:GBP shares

Registered Number 06656463

WESTGATE GLASS & MIRROR COMPANY LIMITED

Abbreviated Accounts

30 September 2016

WESTGATE GLASS & MIRROR COMPANY LIMITED Registered Number 06656463

Abbreviated Balance Sheet as at 30 September 2016

	Notes	2016	2015
		£	£
Called up share capital not paid		-	-
Fixed assets
Intangible assets	2	7,550	11,327
Tangible assets	3	39,038	40,871
Investments		-	-
		46,588	52,198
Current assets
Stocks		5,940	5,160
Debtors		148,438	128,081
Investments		-	-
Cash at bank and in hand		18,243	17,845
		172,621	151,086
Prepayments and accrued income		-	-
Creditors: amounts falling due within one year		(161,041)	(155,687)
Net current assets (liabilities)		11,580	(4,601)
Total assets less current liabilities		58,168	47,597
Creditors: amounts falling due after more than one year		(12,705)	(10,757)
Provisions for liabilities		0	(8,174)
Accruals and deferred income		0	0
Total net assets (liabilities)		45,463	28,666
Capital and reserves
Called up share capital		100	100
Share premium account		0	0
Revaluation reserve		0	0
Other reserves		0	0
Profit and loss account		45,363	28,566
Shareholders' funds		45,463	28,666

For the year ending 30 September 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 30 June 2017

And signed on their behalf by:
I Woods, Director

WESTGATE GLASS & MIRROR COMPANY LIMITED Registered Number 06656463

Notes to the Abbreviated Accounts for the period ended 30 September 2016

1Accounting Policies

Basis of measurement and preparation of accounts
The accounts have been prepared under the historical cost convention and in accordance with the Financial Reporting Standard for Smaller Entities (effective January 2015).

Turnover policy
Turnover represents net invoiced sales of goods, excluding value added tax.

Tangible assets depreciation policy
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.

Plant and machinery - 20% on cost
Fixtures and fittings - 20% on cost
Motor vehicles - 25% on cost

Other accounting policies
Goodwill
Goodwill, being the amount paid in connection with the acquisition of a business in 2008, is being amortised evenly over its estimated useful life of ten years.

Stocks
Stocks are valued at the lower of cost and net realisable value, after making due allowance for obsolete and slow moving items.

Deferred Tax
Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the balance sheet date.

Hire Purchase and Leasing Commitments
Rentals paid under operating leases are charged to the profit and loss account on a straight line basis over the period of the lease.

2Intangible fixed assets

	£
Cost
At 1 October 2015	37,765
Additions	0
Disposals	0
Revaluations	0
Transfers	0
At 30 September 2016	37,765
Amortisation
At 1 October 2015	26,438
Charge for the year	3,777
On disposals	0
At 30 September 2016	30,215
Net book values
At 30 September 2016	7,550
At 30 September 2015	11,327

3Tangible fixed assets

	£
Cost
At 1 October 2015	83,483
Additions	15,661
Disposals	0
Revaluations	0
Transfers	0
At 30 September 2016	99,144
Depreciation
At 1 October 2015	42,612
Charge for the year	17,494
On disposals	0
At 30 September 2016	60,106
Net book values
At 30 September 2016	39,038
At 30 September 2015	40,871

4Transactions with directors

Name of director receiving advance or credit:	Directors 1 and 2
Description of the transaction:	Director's advances, credits and guarantees
Balance at 1 October 2015:	£ 51,463
Advances or credits made:	£ 79,744
Advances or credits repaid:	£ 68,071
Balance at 30 September 2016:	£ 63,136