Westmancoat Heating Limited - Accounts to registrar (filleted) - small 18.2

Westmancoat Heating Limited - Accounts to registrar (filleted) - small 18.2

WESTMANCOAT HEATING LIMITED - Company Information

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REGISTERED NUMBER: 01077468 (England and Wales)














UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 30 SEPTEMBER 2018

FOR

WESTMANCOAT HEATING LIMITED
WESTMANCOAT HEATING LIMITED (REGISTERED NUMBER: 01077468)






CONTENTS OF THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 SEPTEMBER 2018




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


WESTMANCOAT HEATING LIMITED

COMPANY INFORMATION
FOR THE YEAR ENDED 30 SEPTEMBER 2018







DIRECTORS: Paul G Sommers
Mrs L M Sommers



SECRETARY: Mrs L M Sommers



REGISTERED OFFICE: 31 New North Road
Exmouth
Devon
EX8 1RU



REGISTERED NUMBER: 01077468 (England and Wales)



ACCOUNTANTS: Bush & Co Limited
2 Barnfield Crescent
Exeter
Devon
EX1 1QT



BANKERS: Barclays Bank PLC
Leicester
LE87 2BB
Page 1
WESTMANCOAT HEATING LIMITED (REGISTERED NUMBER: 01077468)

BALANCE SHEET
30 SEPTEMBER 2018

2018 2017
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 5 29,903 12,821

CURRENT ASSETS
Stocks 13,193 9,926
Debtors 6 24,076 26,647
Cash at bank and in hand 128,365 142,893
165,634 179,466
CREDITORS
Amounts falling due within one year 7 60,227 62,637
NET CURRENT ASSETS 105,407 116,829
TOTAL ASSETS LESS CURRENT
LIABILITIES
135,310
129,650

PROVISIONS FOR LIABILITIES 5,682 2,436
NET ASSETS 129,628 127,214

CAPITAL AND RESERVES
Called up share capital 600 600
Retained earnings 129,028 126,614
SHAREHOLDERS' FUNDS 129,628 127,214

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 30 September 2018.

The members have not required the company to obtain an audit of its financial statements for the year ended 30 September 2018 in accordance with Section 476 of the Companies Act 2006.

The directors acknowledge their 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 notes form part of these financial statements

Page 2 continued...
WESTMANCOAT HEATING LIMITED (REGISTERED NUMBER: 01077468)

BALANCE SHEET - continued
30 SEPTEMBER 2018


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.

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

The financial statements were approved by the Board of Directors on 9 January 2019 and were signed on its
behalf by:





Mrs L M Sommers - Director


The notes form part of these financial statements

Page 3
WESTMANCOAT HEATING LIMITED (REGISTERED NUMBER: 01077468)

NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 SEPTEMBER 2018

1. STATUTORY INFORMATION

Westmancoat Heating Limited is a private company, limited by shares , registered in England and
Wales. The company's registered number and registered office address can be found on the Company
Information page.

2. STATEMENT OF COMPLIANCE

These financial statements have been prepared in accordance with the provisions of Section 1A "Small Entities" of Financial Reporting Standard 102 "The Financial Reporting Standard applicable in the UK and Republic of Ireland" and the Companies Act 2006.

3. ACCOUNTING POLICIES

Basis of preparing the financial statements
The financial statements have been prepared under the historical cost convention.

Turnover
Turnover is measured at the fair value of the consideration received or receivable, excluding discounts,
rebates, value added tax and other sales taxes.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Plant and machinery etc - 25% on reducing balance and Straight line over 3 years

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

Financial instruments
Basic financial instruments are recognised at amortised cost, except for investments in non-convertible
preference and non-puttable ordinary shares which are measured at fair value, with changes
recognised in profit or loss. Derivative financial instruments are initially recorded at cost and thereafter
at fair value with changes recognised in profit or loss.

Taxation
Taxation for the year comprises current and deferred tax. Tax is recognised in the Profit & Loss,
except to the extent that it relates to items recognised in other comprehensive income or directly in
equity.

Current or deferred taxation assets and liabilities are not discounted.

Current tax is recognised at the amount of tax payable using the tax rates and laws that have been
enacted or substantively enacted by the balance sheet date.

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

Timing differences arise from the inclusion of income and expenses in tax assessments in periods
different from those in which they are recognised in financial statements. Deferred tax is measured
using tax rates and laws that have been enacted or substantively enacted by the year end and that are
expected to apply to the reversal of the timing difference.

Unrelieved tax losses and other deferred tax assets are recognised only to the extent that it is probable
that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits.

Page 4 continued...
WESTMANCOAT HEATING LIMITED (REGISTERED NUMBER: 01077468)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 30 SEPTEMBER 2018

3. ACCOUNTING POLICIES - continued

Pension costs and other post-retirement benefits
The company operates a defined contribution pension scheme. Contributions payable to the
company's pension scheme are charged to profit or loss in the period to which they relate.

4. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 9 (2017 - 9 ) .

5. TANGIBLE FIXED ASSETS
Plant and
machinery
etc
£   
COST
At 1 October 2017 54,592
Additions 25,251
Disposals (7,158 )
At 30 September 2018 72,685
DEPRECIATION
At 1 October 2017 41,771
Charge for year 7,917
Eliminated on disposal (6,906 )
At 30 September 2018 42,782
NET BOOK VALUE
At 30 September 2018 29,903
At 30 September 2017 12,821

6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2018 2017
£    £   
Trade debtors 22,006 24,407
Other debtors 2,070 2,240
24,076 26,647

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2018 2017
£    £   
Trade creditors 30,621 18,612
Taxation and social security 21,122 31,425
Other creditors 8,484 12,600
60,227 62,637

Page 5