Westgate Sports Agency Limited - Accounts to registrar (filleted) - small 17.3

Westgate Sports Agency Limited - Accounts to registrar (filleted) - small 17.3


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REGISTERED NUMBER: 02615831(England and Wales)















WESTGATE SPORTS AGENCY LIMITED

UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 30 JUNE 2017






WESTGATE SPORTS AGENCY LIMITED (REGISTERED NUMBER: 02615831)

CONTENTS OF THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 JUNE 2017










Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 3


WESTGATE SPORTS AGENCY LIMITED

COMPANY INFORMATION
FOR THE YEAR ENDED 30 JUNE 2017







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
30 JUNE 2017

2017 2016
Notes £    £   
FIXED ASSETS
Tangible assets 4 369 3,163
Investments 5 100 100
469 3,263

CURRENT ASSETS
Debtors 6 61,687 62,535
Cash at bank 53 5,789
61,740 68,324
CREDITORS
Amounts falling due within one year 7 (30,321 ) (32,738 )
NET CURRENT ASSETS 31,419 35,586
TOTAL ASSETS LESS CURRENT
LIABILITIES

31,888

38,849

CAPITAL AND RESERVES
Called up share capital 2 2
Retained earnings 31,886 38,847
SHAREHOLDERS' FUNDS 31,888 38,849

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 30 June 2017.

The members have not required the company to obtain an audit of its financial statements for the year ended 30 June 2017 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 of Part 15 of the Companies Act 2006 relating to small companies.

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 23 March 2018and were signed by:





R D Cole- Director


WESTGATE SPORTS AGENCY LIMITED (REGISTERED NUMBER: 02615831)

NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 JUNE 2017


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 the provisions of Section 1A "Small Entities" of Financial Reporting Standard 102 "The Financial Reporting Standard applicable in the UK and Republic of Ireland" 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.

These financial statements for the year ended 30 June 2017 are the first financial statements that comply with
Financial Reporting Standard 102 1A. The date of transition is 1 July 2015.

The transition to Financial Reporting Standard 102 1A has resulted in no changes to existing accounting
policies.

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 year 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.

Hire purchase and leasing commitments
Rentals paid under operating leases are charged to profit or loss on a straight line basis over the period of the
lease.

WESTGATE SPORTS AGENCY LIMITED (REGISTERED NUMBER: 02615831)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 30 JUNE 2017


2. ACCOUNTING POLICIES - continued

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.

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 year was 4(2016 - 5) .

4. TANGIBLE FIXED ASSETS
Fixtures
and Motor
fittings vehicles Totals
£    £    £   
COST
At 1 July 2016
and 30 June 2017 20,652 10,794 31,446
DEPRECIATION
At 1 July 2016 18,838 9,445 28,283
Charge for year 1,445 1,349 2,794
At 30 June 2017 20,283 10,794 31,077
NET BOOK VALUE
At 30 June 2017 369 - 369
At 30 June 2016 1,814 1,349 3,163

5. FIXED ASSET INVESTMENTS
Other
investments
£   
COST
At 1 July 2016
and 30 June 2017 100
NET BOOK VALUE
At 30 June 2017 100
At 30 June 2016 100

WESTGATE SPORTS AGENCY LIMITED (REGISTERED NUMBER: 02615831)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 30 JUNE 2017


6. DEBTORS
2017 2016
£    £   
Amounts falling due within one year:
Trade debtors 8,839 26,542
Other debtors 13,320 13,320
Director's current account -
R D Cole 34,456 17,908
56,615 57,770

Amounts falling due after more than one year:
Deferred tax asset 573 266
Corporation tax 4,499 4,499
5,072 4,765

Aggregate amounts 61,687 62,535

The above deferred tax debtor is made up of fixed asset timing differences.

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2017 2016
£    £   
Bank overdraft 4,846 -
Trade creditors 2,837 1,648
Corporation tax 6,778 18,677
Social security and other taxes 817 1,417
VAT 2,585 5,177
Company credit card 575 336
Other creditors 7,374 974
Accrued expenses 4,509 4,509
30,321 32,738

8. LEASING AGREEMENTS

Minimum lease payments under non-cancellable operating leases fall due as follows:
2017 2016
£    £   
Within one year 1,388 1,388
Between one and five years 925 1,388
In more than five years - 925
2,313 3,701

9. SECURED DEBTS

The following secured debts are included within creditors:

2017 2016
£    £   
Bank overdraft 4,846 -

WESTGATE SPORTS AGENCY LIMITED (REGISTERED NUMBER: 02615831)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 30 JUNE 2017


10. DIRECTOR'S ADVANCES, CREDITS AND GUARANTEES

The following advances and credits to a director subsisted during the years ended 30 June 2017 and
30 June 2016:

2017 2016
£    £   
R D Cole
Balance outstanding at start of year 17,908 17,994
Amounts advanced 48,790 37,714
Amounts repaid (32,242 ) (37,800 )
Amounts written off - -
Amounts waived - -
Balance outstanding at end of year 34,456 17,908

Interest was charged at a commercial rate in the year ended 30 June 2017 and 30 June 2016 . There are no
fixed terms for repayment of the loan.