WESTWOOD_FORSTER_LIMITED - Accounts

WESTWOOD FORSTER LIMITED - Company Information

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Company Registration No. 02498714 (England and Wales)

WESTWOOD FORSTER LIMITED

UNAUDITED ABBREVIATED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 30 SEPTEMBER 2016

WESTWOOD FORSTER LIMITED

CONTENTS

Page

Abbreviated balance sheet

Notes to the abbreviated accounts

2 - 3

WESTWOOD FORSTER LIMITED

ABBREVIATED BALANCE SHEET

AS AT

30 SEPTEMBER 2016

- 1 -

2016

2015

Notes

Fixed assets

Tangible assets

3,607

4,000

Current assets

Debtors

94,657

22,931

Cash at bank and in hand

209,630

192,392

304,287

215,323

Creditors: amounts falling due within one year

(176,005)

(129,102)

Net current assets

128,282

86,221

Total assets less current liabilities

131,889

90,221

Provisions for liabilities

(22)

131,867

90,221

Capital and reserves

Called up share capital

200

Profit and loss account

131,667

90,021

Shareholders' funds

131,867

90,221

For the financial year ended 30 September 2016 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

Directors' 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 directors acknowledge their 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 for issue on 20 April 2017

G Ferrao

Director

Company Registration No. 02498714

WESTWOOD FORSTER LIMITED

NOTES TO THE ABBREVIATED ACCOUNTS

FOR THE YEAR ENDED 30 SEPTEMBER 2016

- 2 -

Accounting policies

1.1

Accounting convention

The financial statements are prepared under the historical cost convention and in accordance with the Financial Reporting Standard for Smaller Entities (effective January 20 15 ).January 2015).

The accounts have been prepared on the going concern basis as the directors consider that the company has sufficient cash to meet its day to day requirements and that the company will continue as a going concern for the period of at least twelve months after the date of approval of these financial statements.

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 services net of VAT.

Turnover consists of revenue for software licences, consultancy and support. The revenue for the software is recognised in full at the time of the sale. The revenues for consultancy and support are recognised on a straight line basis over the period of the agreement.

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:

Computer equipment

25% on cost

Fixtures, fittings & equipment

25% on cost

1.5

Leasing

Rentals payable under operating leases are charged against income on a straight line basis over the lease term.

1.6

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.

WESTWOOD FORSTER LIMITED

NOTES TO THE ABBREVIATED ACCOUNTS (CONTINUED)

FOR THE YEAR ENDED 30 SEPTEMBER 2016

- 3 -

Fixed assets

Tangible assets

Cost

At 1 October 2015

24,826

Additions

1,531

At 30 September 2016

26,357

Depreciation

At 1 October 2015

20,826

Charge for the year

1,924

At 30 September 2016

22,750

Net book value

At 30 September 2016

3,607

At 30 September 2015

4,000

Share capital

2016

2015

Allotted, called up and fully paid

200 Ordinary shares of £1 each

200