WESTFIELD_FOODS_LIMITED - Accounts

WESTFIELD FOODS LIMITED - Company Information

Print Friendly Version

Company Registration No. SC192991 (Scotland)

WESTFIELD FOODS LIMITED

UNAUDITED ABBREVIATED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 30 APRIL 2015

WESTFIELD FOODS LIMITED

CONTENTS

Page

Abbreviated balance sheet

Notes to the abbreviated accounts

2 - 3

WESTFIELD FOODS LIMITED

ABBREVIATED BALANCE SHEET

AS AT

30 APRIL 2015

- 1 -

2015

2014

Notes

Fixed assets

Tangible assets

1,341

13,697

Current assets

Debtors

11,500

10,800

Cash at bank and in hand

24,385

20,890

35,885

31,690

Creditors: amounts falling due within one year

(27,477)

(24,687)

Net current assets

8,408

7,003

Total assets less current liabilities

9,749

20,700

Provisions for liabilities

(67)

(2,494)

9,682

18,206

Capital and reserves

Called up share capital

Profit and loss account

9,680

18,204

Shareholders' funds

9,682

18,206

For the financial year ended 30 April 2015 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

Director's responsibilities:

The members have not required the company to obtain an audit of its financial statements for the year 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 abbreviated financial statements have been prepared in accordance with the provisions applicable to companies subject to the small companies' regime.

Approved by the Board and authorised for issue on 31 August 2015

S J Robinson

Director

Company Registration No. SC192991

WESTFIELD FOODS LIMITED

NOTES TO THE ABBREVIATED ACCOUNTS

FOR THE YEAR ENDED 30 APRIL 2015

- 2 -

Accounting policies

1.1

Accounting convention

The financial statements are prepared under the historical cost convention.

The company made a profit this year and at the balance sheet date it had net assets. The company is dependent on its future trading income to meet its financial obligations, the director is of the opinion that this income will be sufficient to meet these financial obligations for the foreseeable future. The accounts have therefore been prepared on a going concern basis.

1.2

Compliance with accounting standards

The financial statements are prepared in accordance with applicable United Kingdom Accounting Standards (United Kingdom Generally Accepted Accounting Practice), which have been applied consistently (except as otherwise stated).

1.3

Turnover

Turnover represents amounts receivable for goods and services net of VAT and trade discounts.

1.4

Tangible fixed assets and depreciation

Tangible fixed assets are stated at cost less depreciation. Depreciation is provided at rates calculated to write off the cost less estimated residual value of each asset over its expected useful life, as follows:

Plant and machinery

25% straight line

Motor vehicles

25% straight line

1.5

Deferred taxation

Deferred taxation is provided in full in respect of taxation deferred by timing differences between the treatment of certain items for taxation and accounting purposes. The deferred tax balance has not been discounted.

WESTFIELD FOODS LIMITED

NOTES TO THE ABBREVIATED ACCOUNTS (CONTINUED)

FOR THE YEAR ENDED 30 APRIL 2015

- 3 -

Fixed assets

Tangible assets

Cost

At 1 May 2014

21,918

Additions

916

Disposals

(16,066)

At 30 April 2015

6,768

Depreciation

At 1 May 2014

8,221

On disposals

(4,016)

Charge for the year

1,222

At 30 April 2015

5,427

Net book value

At 30 April 2015

1,341

At 30 April 2014

13,697

Share capital

2015

2014

Allotted, called up and fully paid

2 Ordinary shares of £1 each