Westwood Investments (Worcestershire) Limited,Ltd - AccountsLtd - Accounts

WESTWOOD INVESTMENTS (WORCESTERSHIRE) LIMITED - Company Information

Print Friendly Version

Westwood Investments (Worcestershire) Limited

Registered Number:04370500

For the year ended 28 February 2018

England and Wales

Unaudited Financial Statements

As at 28 February 2018

Westwood Investments (Worcestershire) Limited

Statement of Financial Position

Registered Number :

04370500

2017

2018

Notes

Fixed assets

Property, plant and equipment

46,093

51,888

46,093

51,888

Current assets

Inventories

3,223

Trade and other receivables

1,106

2,118

Cash and cash equivalents

5,690

6,447

Trade and other payables: amounts falling due within one

year

(82,539)

(70,440)

(76,092)

(64,750)

Net current liabilities

Total assets less current liabilities

(18,657)

(24,204)

(18,657)

Net liabilities

(24,204)

Capital and reserves

Called up share capital

Retained earnings

(18,661)

(24,208)

(18,657)

(24,204)

Shareholders' funds

For the year ended 28 February 2018 the company was entitled to exemption from audit under Section 477 of the Companies Act 2006 relating to small companies.

The members have not required the company to obtain an audit of its financial statements for the year ended 28 February 2018 in accordance with Section 476 of the Companies Act 2006

The directors acknowledge their responsibilities for:a) ensuring that the company keeps proper accounting records which comply with Sections 386 and 387 of the Companies Act 2006 and

b) preparing financial statements which give a true and fair view of the state of affairs of the company as at the end of

each financial year and of its profit or loss for each financial year in accordance with the requirements of Section

394 and 395 and which otherwise comply with the requirements of the Companies Act 2006 relating to financial

statements, so far as applicable to the company.

In accordance with Section 444 of the Companies Act 2006, the Income Statement has not been delivered.

The financial statements have been prepared and delivered in accordance with the provisions of Part 15 of the Companies Act 2006 relating to small companies.

A E Wilson Director

These financial statements were approved and authorised for issue by the Board on 27 March 2018 and were signed by:

The notes form part of these financial statements

1 of 3

For the year ended 28 February 2018

Westwood Investments (Worcestershire) Limited

Notes to the Financial Statements

Statutory Information

Westwood Investments (Worcestershire) Limited is a private limited company, limited by shares, domiciled in England

and Wales, registration number 04370500.

Registered address:

The Old Kindergarten

Quatt

Bridgnorth

Shropshire

WV15 6QW

The presentation currency is £ sterling.

1. Accounting policies

Basis of preparing the financial statements

These financial statements have been prepared in accordance with the provisions of Section 1A of Financial

Reporting Standard 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland' and the

Companies Act 2006. The financial statements have been prepared under the historical costs convention as

modified by the revaluation of certain assets.

Revenue recognition

Turnover comprises the invoiced value of goods and services supplied by the company, net of Value Added Tax and trade discounts.

Property, plant and equipment

Tangible fixed assets, other than freehold land, are stated at cost or valuation less depreciation and any provision for impairment. Depreciation is provided at rates calculated to write off the cost or valuation of fixed assets, less their estimated residual value, over their expected useful lives on the following basis:

20% Reducing balance

Fixtures and fittings

No depreciation is provided on the company''s freehold properties since in the opinion of the directors the expected

useful lives are sufficiently long and the estimated residual values are sufficiently high that any such depreciation

would be immaterial. The directors undertake an annual impairment review of these properties.

Inventories

Stocks are valued at the lower of cost and net realisable value after making due allowance for obsolete and slow moving items. Cost includes all direct costs and an appropriate proportion of fixed and variable overheads.

2 of 3

For the year ended 28 February 2018

Westwood Investments (Worcestershire) Limited

Notes to the Financial Statements Continued

2. Property, plant and equipment

Total

Fixtures and

fittings

Land and

buildings

Cost or

valuation

At 01 March 2017

65,066

18,973

46,093

(18,973)

Disposals

(18,973)

At 28 February 2018

46,093

Provision for depreciation and impairment

At 01 March 2017

13,178

Charge for year

580

(13,758)

On disposal

At 28 February 2018

Net book value

46,093

At 28 February 2017

46,093

5,795

51,888

3. Inventories

2017

2018

Stocks

3,223

4. Trade and other receivables

2017

2018

Other debtors

1,106

5. Trade and other payables: amounts falling due within one year

2017

2018

Trade creditors

11,954

Taxation and social security

877

3,276

Other creditors

69,563

67,309

70,440

82,539

3 of 3