Westgate Trading Limited Filleted accounts for Companies House (small and micro)

WESTGATE TRADING LIMITED - Company Information

0 false false false false false false true false false true false false false false false false No description of principal activity 2019-01-29 Sage Accounts Production Advanced 2020 - FRS102_2019 xbrli:pure xbrli:shares iso4217:GBP 11794610 2019-01-29 2020-01-31 11794610 2020-01-31 11794610 bus:Director1 2019-01-29 2020-01-31 11794610 core:ShareCapital 2020-01-31 11794610 bus:SmallEntities 2019-01-29 2020-01-31 11794610 bus:AuditExemptWithAccountantsReport 2019-01-29 2020-01-31 11794610 bus:FullAccounts 2019-01-29 2020-01-31 11794610 bus:SmallCompaniesRegimeForAccounts 2019-01-29 2020-01-31 11794610 bus:PrivateLimitedCompanyLtd 2019-01-29 2020-01-31

COMPANY REGISTRATION NUMBER: 11794610

Westgate Trading Limited

Filleted Unaudited Financial Statements

31 January 2020

Westgate Trading Limited

Financial Statements

Period from 29 January 2019 to 31 January 2020

Contents	Page

Balance sheet	1

Notes to the financial statements	2

Westgate Trading Limited

Balance Sheet

31 January 2020

	31 Jan 20
Note	£

Current assets

Cash at bank and in hand	100
	----
Net current assets	100
	----
Total assets less current liabilities	100
	----

Capital and reserves

Called up share capital	100
	----
Shareholders funds	100
	----

These financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies' regime and in accordance with Section 1A of FRS 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland'.

In accordance with section 444 of the Companies Act 2006, the statement of comprehensive income has not been delivered.

The company did not trade during the period and has not made either a profit or loss.

For the period ending 31 January 2020 the company was entitled to exemption from audit under section 480 of the Companies Act 2006 relating to dormant companies.

Director's responsibilities:

- The members have not required the company to obtain an audit of its financial statements for the period in question in accordance with section 476 ;

- The director acknowledges his responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of financial statements .

These financial statements were approved by the board of directors and authorised for issue on 22 October 2020 , and are signed on behalf of the board by:

Mr N J Williamson
Director

Company registration number: 11794610

Westgate Trading Limited

Notes to the Financial Statements

Period from 29 January 2019 to 31 January 2020

1. General information

The company is a private company limited by shares, registered in England & Wales. The address of the registered office is 22-26 King Street, King's Lynn, Norfolk, PE30 1HJ.

2. Statement of compliance

These financial statements have been prepared in compliance with Section 1A of FRS 102, 'The Financial Reporting Standard applicable in the UK and the Republic of Ireland'.

3. Accounting policies

Basis of preparation

The financial statements have been prepared on the historical cost basis, as modified by the revaluation of certain financial assets and liabilities and investment properties measured at fair value through profit or loss.

The financial statements are prepared in sterling, which is the functional currency of the entity.

Accounting period

The financial statements have been prepared for a long period to 31 January 2020, due to the company being incorporated on 29 January 2019.

Income statement

The company is dormant as defined by section 1169 of the Companies Act 2006. The company received no income and incurred no expenditure during the current period.

Financial instruments

A financial asset or a financial liability is recognised only when the entity becomes a party to the contractual provisions of the instrument. Basic financial instruments are initially recognised at the transaction price, unless the arrangement constitutes a financing transaction, where it is recognised at the present value of the future payments discounted at a market rate of interest for a similar debt instrument. Debt instruments are subsequently measured at amortised cost. Financial assets that are measured at cost or amortised cost are reviewed for objective evidence of impairment at the end of each reporting date. If there is objective evidence of impairment, an impairment loss is recognised in profit or loss immediately. Financial liabilities and equity instruments are classified according to the substance of the contractual arrangements entered into. An equity instrument is any contract that evidences a residual interest in the assets of the entity after deducting all of its financial liabilities. Where the contractual obligations of financial instruments (including share capital) are equivalent to a similar debt instrument, those financial instruments are classed as financial liabilities. Financial liabilities are presented as such in the balance sheet. Finance costs and gains or losses relating to financial liabilities are included in the profit and loss account. Finance costs are calculated so as to produce a constant rate of return on the outstanding liability. Where the contractual terms of share capital do not have any terms meeting the definition of a financial liability then this is classed as an equity instrument. Dividends and distributions relating to equity instruments are debited direct to equity.