Westgate Sports Agency Limited - Accounts to registrar (filleted) - small 18.2

Westgate Sports Agency Limited - Accounts to registrar (filleted) - small 18.2


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REGISTERED NUMBER: 02615831(England and Wales)















WESTGATE SPORTS AGENCY LIMITED

UNAUDITED FINANCIAL STATEMENTS

FOR THE PERIOD

1 JULY 2017 TO 31 DECEMBER 2018






WESTGATE SPORTS AGENCY LIMITED (REGISTERED NUMBER: 02615831)

CONTENTS OF THE FINANCIAL STATEMENTS
FOR THE PERIOD 1 JULY 2017 TO 31 DECEMBER 2018










Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 3


WESTGATE SPORTS AGENCY LIMITED

COMPANY INFORMATION
FOR THE PERIOD 1 JULY 2017 TO 31 DECEMBER 2018







DIRECTOR: R D Cole





SECRETARY: D Judd





REGISTERED OFFICE: Nevern
5 Y Parc
Groesfaen
Pontyclun
Mid Glamorgan
CF72 8NP





REGISTERED NUMBER: 02615831(England and Wales)





ACCOUNTANTS: Watts Gregory LLP
Chartered Accountants
Elfed House
Oak Tree Court
Cardiff Gate Business Park
CARDIFF
County of Cardiff
CF23 8RS

WESTGATE SPORTS AGENCY LIMITED (REGISTERED NUMBER: 02615831)

BALANCE SHEET
31 DECEMBER 2018

2018 2017
Notes £    £   
FIXED ASSETS
Tangible assets 4 - 369
Investments 5 100 100
100 469

CURRENT ASSETS
Debtors 6 74,059 61,687
Cash at bank - 53
74,059 61,740
CREDITORS
Amounts falling due within one year 7 (47,258 ) (30,321 )
NET CURRENT ASSETS 26,801 31,419
TOTAL ASSETS LESS CURRENT
LIABILITIES

26,901

31,888

CAPITAL AND RESERVES
Called up share capital 2 2
Retained earnings 26,899 31,886
SHAREHOLDERS' FUNDS 26,901 31,888

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the period ended 31 December 2018.

The members have not required the company to obtain an audit of its financial statements for the period ended 31 December 2018 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 financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime.

In accordance with Section 444 of the Companies Act 2006, the Profit and loss account has not been delivered.

The financial statements were approved for issue by the director on 17 September 2019and were signed by:





R D Cole- Director


WESTGATE SPORTS AGENCY LIMITED (REGISTERED NUMBER: 02615831)

NOTES TO THE FINANCIAL STATEMENTS
FOR THE PERIOD 1 JULY 2017 TO 31 DECEMBER 2018


1. STATUTORY INFORMATION

Westgate Sports Agency 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.

The company's functional and presentational currency in the financial statements is the Sterling (£), rounded to
the nearest pound.

The significant accounting policies applied in the presentation of these financial statements are set out below.
These policies have been consistently applied to all years presented unless otherwise stated.

2. ACCOUNTING POLICIES

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

There have been no material departures from Financial Reporting Standard 102 1A.

The accounting reference date has been extended from 30 June 2018 to 31 December 2018 at the preference of
the director. Financial statements have been prepared for the 18 months ended 31 December 2018 and
therefore may not be entirely comparable with the prior financial year.

Turnover
Turnover represents net invoiced sales of sports news reporting services, excluding value added tax.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Fixtures and fittings - 25% on cost and 15% on cost
Motor vehicles - 15% on cost

Current tax
Current tax represents the amount expected to be paid or recovered in respect of taxable profits for the year and
is calculated using the tax rates and laws that have been enacted or substantively enacted at 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 period 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.

Foreign currencies
Assets and liabilities in foreign currencies are translated into sterling at the rates of exchange ruling at the
balance sheet date. Transactions in foreign currencies are translated into sterling at the rate of exchange ruling
at the date of transaction. Exchange differences are taken into account in arriving at the operating result.

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.

Investments
Fixed asset investments are stated at cost less provision for permanent diminution in value.

WESTGATE SPORTS AGENCY LIMITED (REGISTERED NUMBER: 02615831)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE PERIOD 1 JULY 2017 TO 31 DECEMBER 2018


2. ACCOUNTING POLICIES - continued

Employee benefits
When employees have rendered service to the company, short-term employee benefits to which the employees
are entitled are recognised at the undiscounted amount expected to be paid in exchange for that service.

Non-derivative financial instruments
Basic financial instruments are recognised at amortised cost.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the period was 5(2017 - 4) .

4. TANGIBLE FIXED ASSETS
Fixtures
and Motor
fittings vehicles Totals
£    £    £   
COST
At 1 July 2017
and 31 December 2018 20,652 10,794 31,446
DEPRECIATION
At 1 July 2017 20,283 10,794 31,077
Charge for period 369 - 369
At 31 December 2018 20,652 10,794 31,446
NET BOOK VALUE
At 31 December 2018 - - -
At 30 June 2017 369 - 369

5. FIXED ASSET INVESTMENTS
Other
investments
£   
COST
At 1 July 2017
and 31 December 2018 100
NET BOOK VALUE
At 31 December 2018 100
At 30 June 2017 100

6. DEBTORS
2018 2017
£    £   
Amounts falling due within one year:
Trade debtors 21,404 8,839
Other debtors 13,320 13,320
Director's current account 34,362 34,456
69,086 56,615

WESTGATE SPORTS AGENCY LIMITED (REGISTERED NUMBER: 02615831)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE PERIOD 1 JULY 2017 TO 31 DECEMBER 2018


6. DEBTORS - continued
2018 2017
£    £   
Amounts falling due after more than one year:
Deferred tax asset 474 573
Corporation tax 4,499 4,499
4,973 5,072

Aggregate amounts 74,059 61,687

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2018 2017
£    £   
Bank overdraft 7,137 4,846
Trade creditors 139 2,837
Corporation tax 10,360 6,778
Social security and other taxes 4,241 817
VAT 18,163 2,585
Company credit card 2,436 575
Other creditors 496 7,374
Accrued expenses 4,286 4,509
47,258 30,321

8. OTHER FINANCIAL COMMITMENTS

The company had operating lease commitments at the balance sheet date of £Nil (2017: £2,313).

9. DIRECTOR'S ADVANCES, CREDITS AND GUARANTEES

The following advances and credits to a director subsisted during the period ended 31 December 2018 and the
year ended 30 June 2017:

2018 2017
£    £   
R D Cole
Balance outstanding at start of period 34,456 17,908
Amounts advanced 49,073 48,790
Amounts repaid (49,167 ) (32,242 )
Amounts written off - -
Amounts waived - -
Balance outstanding at end of period 34,362 34,456

Interest was charged at a commercial rate during the period under review. There are no fixed terms for
repayment of the loan.