Westhill Trading Limited - Accounts to registrar (filleted) - small 18.1

REGISTERED NUMBER: 07759450 (England and Wales)

Unaudited Financial Statements for the Year Ended 30 September 2017

for

Westhill Trading Limited

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

3

DIRECTOR:

S Iyer

SECRETARY:

S Iyer

REGISTERED OFFICE:

10-11 Heathfield Terrace

London

W4 4JE

REGISTERED NUMBER:

07759450 (England and Wales)

ACCOUNTANTS:

WILSHERS & CO

10-11 Heathfield Terrace

London

W4 4JE

FIXED ASSETS

Intangible assets

4

5,098

-

Tangible assets

5

-

-

5,098

-

CURRENT ASSETS

Stocks

46,014

32,718

Debtors

6

7,155

294

Cash at bank

27,982

23,072

81,151

56,084

CREDITORS

Amounts falling due within one year

7

84,157

56,077

NET CURRENT (LIABILITIES)/ASSETS

(3,006

)

7

TOTAL ASSETS LESS CURRENT LIABILITIES

2,092

7

CAPITAL AND RESERVES

Called up share capital

1

1

Retained earnings

8

2,091

6

SHAREHOLDERS' FUNDS

2,092

7

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

The members have not required the company to obtain an audit of its financial statements for the year ended 30 September 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 Income Statement has not been delivered.

The financial statements were approved by the director on 28 June 2018 and were signed by:

S Iyer - Director

1.	STATUTORY INFORMATION

Westhill Trading 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.

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.

Turnover

Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates,

value added tax and other sales taxes.

Intangible assets

Intangible assets are initially measured at cost. After initial recognition, intangible assets are measured at cost

less any accumulated amortisation and any accumulated impairment losses.

Computer software is being amortised evenly over its estimated useful life of five years.

Tangible fixed assets

Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.

Computer equipment

-

50% on cost

Stocks

Stocks are valued at the lower of cost and net realisable value, after making due allowance for obsolete and slow

moving items.

Taxation

Taxation for the year comprises current and deferred tax. Tax is recognised in the Income Statement, except to

the extent that it relates to items recognised in other comprehensive income or directly in equity.

Current or deferred taxation assets and liabilities are not discounted.

Current tax is recognised at the amount of tax payable using the tax rates and laws that have been enacted or

substantively enacted by 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.

Reconciliation with previous generally accepted accounting policies

In preparing the accounts we have considered whether in applying the accounting policies required by FRS 102

section 1A a restatement of comparatives was needed. No restatement was required. There is no change to

shareholders funds brought forward.

3.	EMPLOYEES AND DIRECTORS

The average number of employees during the year was 5 .

4.	INTANGIBLE FIXED ASSETS

Other

intangible

assets

£

COST

Additions

6,372

At 30 September 2017

6,372

AMORTISATION

Charge for year

1,274

At 30 September 2017

1,274

NET BOOK VALUE

At 30 September 2017

5,098

5.	TANGIBLE FIXED ASSETS

Plant and

machinery

etc

£

COST

At 1 October 2016

and 30 September 2017

1,248

DEPRECIATION

At 1 October 2016

and 30 September 2017

1,248

NET BOOK VALUE

At 30 September 2017

-

6.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2017

2016

£

£

Trade debtors

7,155

144

Other debtors

-

150

7,155

294

7.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2017

2016

£

£

Trade creditors

9,693

6,344

Taxation and social security

3,114

6,974

Other creditors

71,350

42,759

84,157

56,077

8.

RESERVES

Retained

earnings

£

At 1 October 2016

6

Profit for the year

7,085

Dividends

(5,000

)

At 30 September 2017

2,091