COMPANY REGISTRATION NUMBER:
West Of England Limited
for the Year Ended 31 March 2019
Chartered Accountants
1st Floor, 3 & 4 Cranmere Court
Lustleigh Close
Matford Business Park
Exeter
Devon
EX2 8PW
West Of England Limited
Contents
Company Information |
|
Balance Sheet |
|
Notes to the Financial Statements |
West Of England Limited
Company Information
Director |
Mr A D Cooke |
Registered office |
|
Accountants |
|
West Of England Limited
(Registration number: 09482905)
Balance Sheet as at 31 March 2019
Note |
2019 |
2018 |
|
Current assets |
|||
Other financial assets |
102,400 |
101,715 |
|
Cash at bank and in hand |
|
|
|
|
|
||
Creditors: Amounts falling due within one year |
( |
( |
|
Net assets |
|
|
|
Capital and reserves |
|||
Called up share capital |
|
|
|
Other reserves |
( |
( |
|
Profit and loss account |
|
|
|
Total equity |
|
|
Page 2 |
West Of England Limited
(Registration number: 09482905)
Balance Sheet as at 31 March 2019
For the financial year ending 31 March 2019 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.
Director's responsibilities:
• |
|
• |
The director acknowledges his responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts. |
These financial statements have been prepared in accordance with the special provisions relating to companies subject to the small companies regime within Part 15 of the Companies Act 2006.
These financial statements have been delivered in accordance with the provisions applicable to companies subject to the small companies regime and the option not to file the profit and loss has been taken.
Approved and authorised for issue by the
.........................................
Director
Page 3 |
West Of England Limited
Notes to the Financial Statements for the Year Ended 31 March 2019
General information |
The company is a private company limited by share capital, incorporated in England & Wales.
The address of its registered office is:
The principal place of business is:
Lilac Cottage
Lurley
Tiverton
EX16 9QS
These financial statements were authorised for issue by the
Accounting policies |
Summary of significant accounting policies and key accounting estimates
The principal accounting policies applied in the preparation of these financial statements are set out below. These policies have been consistently applied to all the years presented, unless otherwise stated.
Statement of compliance
These financial statements have been prepared in accordance with Financial Reporting Standard 102 Section 1A - 'The Financial Reporting Standard applicable in the UK and Republic of Ireland' and the Companies Act 2006.
Basis of preparation
These financial statements have been prepared using the historical cost convention except that as disclosed in the accounting policies certain items are shown at fair value.
The financial statements are presented in Sterling and rounded to the nearest full £.
Page 4 |
West Of England Limited
Notes to the Financial Statements for the Year Ended 31 March 2019
Tax
The tax expense for the period comprises tax. Tax is recognised in profit or loss, except that a change attributable to an item of income or expense recognised as other comprehensive income is also recognised directly in other comprehensive income.
The current income tax charge is calculated on the basis of tax rates and laws that have been enacted or substantively enacted by the reporting date in the countries where the company operates and generates taxable income.
Deferred tax is recognised in respect of all timing differences between taxable profits and profits reported in the financial statements.
Unrelieved tax losses and other deferred tax assets are recognised when it is probable that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits.
Deferred tax is measured using the tax rates and laws that have been enacted or substantively enacted by the reporting date and that are expected to apply to the reversal of the timing difference.
Cash and cash equivalents
Cash and cash equivalents comprise cash on hand and call deposits, and other short-term highly liquid investments that are readily convertible to a known amount of cash and are subject to an insignificant risk of change in value.
Borrowings
Interest-bearing borrowings are initially recorded at fair value, net of transaction costs. Interest-bearing borrowings are subsequently carried at amortised cost, with the difference between the proceeds, net of transaction costs, and the amount due on redemption being recognised as a charge to the Profit and loss account over the period of the relevant borrowing.
Interest expense is recognised on the basis of the effective interest method and is included in interest payable and similar charges.
Borrowings are classified as current liabilities unless the company has an unconditional right to defer settlement of the liability for at least twelve months after the reporting date.
Share capital
Ordinary shares are classified as equity.
Page 5 |
West Of England Limited
Notes to the Financial Statements for the Year Ended 31 March 2019
Other financial assets (current and non-current) |
Financial assets at fair value through profit and loss |
Total |
|
Current financial assets |
||
Cost or valuation |
||
At 1 April 2018 |
101,715 |
101,715 |
At 31 March 2019 |
101,715 |
101,715 |
Impairment |
||
Carrying amount |
||
At 31 March 2019 |
|
101,715 |
Out of balance to Other non-current financial assets category in the current year |
(685) |
(685) |
Debtors |
2019 |
2018 |
|
Total current trade and other debtors |
- |
- |
Page 6 |
West Of England Limited
Notes to the Financial Statements for the Year Ended 31 March 2019
Creditors |
Creditors: amounts falling due within one year
Note |
2019 |
2018 |
|
Due within one year |
|||
Loans and borrowings |
|
|
|
Accruals and deferred income |
|
|
|
Other creditors |
( |
|
|
|
|
Page 7 |
West Of England Limited
Notes to the Financial Statements for the Year Ended 31 March 2019
Loans and borrowings |
2019 |
2018 |
|
Current loans and borrowings |
||
Other borrowings |
|
|
Share capital |
Allotted, called up and fully paid shares
2019 |
2018 |
|||
No. |
£ |
No. |
£ |
|
|
|
1 |
|
1 |
Page 8 |