Company Registration No. 2949533 (England and Wales)
Westonhill Limited
Annual report and unaudited accounts
for the year ended 1 August 2016
Westonhill Limited
Annual report and unaudited accounts
Contents
Westonhill Limited
Company Information
for the year ended 1 August 2016
Directors
Mr G Kirk
Miss J Burdett
Company Number
2949533 (England and Wales)
Registered Office
The Vineyard
Bredwardine
Hereford
Westonhill Limited
Statement of financial position
as at
1 August 2016
Tangible assets
180,618
134,723
Inventories
14,000
14,000
Cash at bank and in hand
21,755
85,546
Creditors: amounts falling due within one year
(60,227)
(85,863)
Net current (liabilities)/assets
(17,558)
22,346
Total assets less current liabilities
163,060
157,069
Creditors: amounts falling due after more than one year
(139,339)
(139,339)
Profit and loss account
23,621
17,630
Shareholders' funds
23,721
17,730
For the year ending 1 August 2016 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 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 and in accordance with the provisions of FRS 102 Section 1A - Small Entities.
Approved by the Board on 24 November 2016.
Mr G Kirk
Director
Company Registration No. 2949533
Westonhill Limited
Statement of Changes in Equity
as at
1 August 2016
Share
capital
Share
premium
Profit
& loss
account
Total
At 2 August 2014
-
100
(5,979)
(5,879)
Profit for the year
23,609
23,609
At 1 August 2015
-
100
17,630
17,730
At 2 August 2015
-
100
17,630
17,730
Profit for the year
5,991
5,991
At 1 August 2016
-
100
23,621
23,721
Westonhill Limited
Notes to the Accounts
for the year ended 1 August 2016
Westonhill Limited is a private company, limited by shares, registered in England and Wales, registration number 2949533. The registered office and principal place of business is The Vineyard, Bredwardine, Hereford.
2
Compliance with accounting standards
The accounts have been prepared in accordance with the provisions of FRS 102 Section 1A Small Entities. There were no material departures from that standard.
These financial statements for the year ended 1 August 2016 are the first financial statements that comply with FRS 102 Section 1A Small Entities. The date of transition is 2 August 2015.
The transition to FRS 102 Section 1A Small Entities has resulted in a small number of changes in accounting policies to those used previously.
The nature of these changes and their impact on opening equity and profit for the comparative period are explained in the notes below.
The accounts have been prepared under the historical cost convention as modified by the revaluation of certain fixed assets.
The accounts are presented in £ sterling.
Turnover represents the value, net of VAT and discounts, of goods provided to customers and work carried out in respect of services provided to customers.
Tangible fixed assets and depreciation
Tangible assets are included at cost less depreciation and impairment. Depreciation has been provided at the following rates in order to write off the assets over their estimated useful lives:
Westonhill Limited
Notes to the Accounts
for the year ended 1 August 2016
4
Tangible fixed assets
Plant & machinery
Computer equipment
Total
Cost or valuation
At cost
At cost
At 2 August 2015
186,300
2,070
188,370
Additions
91,050
-
91,050
At 1 August 2016
277,350
2,070
279,420
At 2 August 2015
52,231
1,416
53,647
Charge for the year
45,024
131
45,155
At 1 August 2016
97,255
1,547
98,802
At 1 August 2016
180,095
523
180,618
At 1 August 2015
134,069
654
134,723
Finished goods
14,000
14,000
6
Creditors: amounts falling due within one year
2016
2015
Obligations under finance leases and hire purchase contracts
26,391
75,695
Trade creditors
8,074
4,106
Corporation tax
1,304
494
Other taxes and social security costs
4,287
3,383
Other creditors
1,500
1,500
Loans from directors
18,671
685
7
Creditors: amounts falling due after more than one year
2016
2015
Obligations under finance leases and hire purchase contracts
64,179
64,179
Other creditors
75,160
75,160
8
Average number of employees
During the year the average number of employees was 0 (2015: 0).