Westfield Sub Aqua & Marine Ltd - Limited company - abbreviated - 11.0.0

Abbreviated Accounts for the Year Ended 30 November 2014

for

Westfield (Sub Aqua & Marine)

Insurance Services Limited

Page

Company Information

1

Abbreviated Balance Sheet

2

Notes to the Abbreviated Accounts

4

Chartered Certified Accountants' Report

6

DIRECTOR:

N T Caldwell

SECRETARY:

Mrs K Caldwell

REGISTERED OFFICE:

Clasford Lodge

Calsford Farm

Aldershot Road

Guildford

Surrey

GU3 3HQ

REGISTERED NUMBER:

00450587 (England and Wales)

ACCOUNTANTS:

CSL Partnership Limited

Chartered Certified Accountants

39 Chobham Road

Woking

Surrey

GU21 6JD

FIXED ASSETS

Tangible assets

2

36,808

6,329

CURRENT ASSETS

Debtors

2,143

2,094

Investments

3,442

3,442

Cash at bank

41,163

58,607

46,748

64,143

CREDITORS

Amounts falling due within one year

38,230

39,273

NET CURRENT ASSETS

8,518

24,870

TOTAL ASSETS LESS CURRENT LIABILITIES

45,326

31,199

CREDITORS

Amounts falling due after more than one year

(19,913

)

-

PROVISIONS FOR LIABILITIES

(6,929

)

(1,105

)

NET ASSETS

18,484

30,094

CAPITAL AND RESERVES

Called up share capital

3

17,682

17,682

Profit and loss account

802

12,412

SHAREHOLDERS' FUNDS

18,484

30,094

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 30 November 2014.

The members have not required the company to obtain an audit of its financial statements for the year ended 30 November 2014 in accordance with Section 476 of the Companies Act 2006.

The director acknowledges his responsibilities for:

(a)	ensuring that the company keeps 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 Sections 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.

The abbreviated accounts have been prepared in accordance with the special provisions of Part 15 of the Companies Act 2006 relating to small companies.

The financial statements were approved by the director on 12 January 2015 and were signed by:

N T Caldwell - Director

1.	ACCOUNTING POLICIES

Accounting convention

The financial statements have been prepared under the historical cost convention and in accordance

with the Financial Reporting Standard for Smaller Entities (effective April 2008).

Turnover

Turnover, which excludes value added tax, represents brokerage commissions receivable on premiums

chargeable in the year.

Tangible fixed assets

Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life or, if held under a finance lease, over the lease term, whichever is the shorter.

Fixtures and fittings

-

10% on cost

Motor vehicles

-

20% on cost

Computer equipment

-

25% on reducing balance

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

Assets obtained under hire purchase contracts or finance leases are capitalised in the balance sheet.

Those held under hire purchase contracts are depreciated over their estimated useful lives. Those held

under finance leases are depreciated over their estimated useful lives or the lease term, whichever is

the shorter.

The interest element of these obligations is charged to the profit and loss account over the relevant

period. The capital element of the future payments is treated as a liability.

Rentals paid under operating leases are charged to the profit and loss account on a straight line basis

over the period of the lease.

Pension costs and other post-retirement benefits

The costs of providing pensions for the company's director is taken into account in arriving at the

operating profit, in the year during which the company derives benefit from the director's services.

2.	TANGIBLE FIXED ASSETS

Total

£

COST

At 1 December 2013

46,579

Additions

34,609

At 30 November 2014

81,188

DEPRECIATION

At 1 December 2013

40,250

Charge for year

4,130

At 30 November 2014

44,380

NET BOOK VALUE

At 30 November 2014

36,808

At 30 November 2013

6,329

3.	CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:

Number:

Class:

Nominal

2014

2013

value:

£

£

17,682

Ordinary Shares

£1

17,682

17,682

The following reproduces the text of the report prepared for the director in respect of the company's annual

unaudited financial statements, from which the unaudited abbreviated accounts (set out on pages two to five)

have been prepared.

In order to assist you to fulfil your duties under the Companies Act 2006, we have prepared for your approval

the financial statements of Westfield (Sub Aqua & Marine) Insurance Services Limited for the year ended

30 November 2014 which comprise the Profit and Loss Account, the Balance Sheet, and the related notes

from the company's accounting records and from information and explanations you have given us.

As a practising member firm of the Association of Chartered Certified Accountants, we are subject to its

ethical and other professional requirements which are detailed at http://rulebook.accaglobal.com.

Our work has been undertaken in accordance with the requirements of the Association of Chartered

Certified Accountants as detailed at http://www.accaglobal.com/factsheet163.

CSL Partnership Limited

Chartered Certified Accountants

39 Chobham Road

Woking

Surrey

GU21 6JD

Date: .............................................