WESTCOUNTRY RIVERS LIMITED

Company Registration Number:
03090310 (England and Wales)

Unaudited statutory accounts for the year ended 31 December 2021

Period of accounts

Start date: 1 January 2021

End date: 31 December 2021

WESTCOUNTRY RIVERS LIMITED

Contents of the Financial Statements

for the Period Ended 31 December 2021

Directors report
Profit and loss
Balance sheet
Additional notes
Balance sheet notes

WESTCOUNTRY RIVERS LIMITED

Directors' report period ended 31 December 2021

The directors present their report with the financial statements of the company for the period ended 31 December 2021

Principal activities of the company

The company is a wholly owned subsidiary of Westcountry Rivers Trust, which is a registered charity, and was formed by the Trust to conduct trading activities ancillary to the objects of the Trust that would fall outside of its charitable status. The company is primarily engaged in consultancy work in the environmental sector.



Directors

The directors shown below have held office during the whole of the period from
1 January 2021 to 31 December 2021

Adam Fox-Edwards
Laurence Couldrick


Secretary Sarah Howe

The above report has been prepared in accordance with the special provisions in part 15 of the Companies Act 2006

This report was approved by the board of directors on
8 September 2022

And signed on behalf of the board by:
Name: Laurence Couldrick
Status: Director

WESTCOUNTRY RIVERS LIMITED

Profit And Loss Account

for the Period Ended 31 December 2021

2021 2020


£

£
Turnover: 13,710 128,452
Cost of sales: ( 100,397 ) ( 97,525 )
Gross profit(or loss): (86,687) 30,927
Administrative expenses: ( 30,313 ) ( 20,452 )
Operating profit(or loss): (117,000) 10,475
Profit(or loss) before tax: (117,000) 10,475
Profit(or loss) for the financial year: (117,000) 10,475

WESTCOUNTRY RIVERS LIMITED

Balance sheet

As at 31 December 2021

Notes 2021 2020


£

£
Current assets
Debtors: 3 34,204 66,581
Cash at bank and in hand: 22,772 21,451
Total current assets: 56,976 88,032
Creditors: amounts falling due within one year: 4 ( 37,071 ) ( 66,826 )
Net current assets (liabilities): 19,905 21,206
Total assets less current liabilities: 19,905 21,206
Total net assets (liabilities): 19,905 21,206
Capital and reserves
Called up share capital: 100 100
Profit and loss account: 19,805 21,106
Total Shareholders' funds: 19,905 21,206

The notes form part of these financial statements

WESTCOUNTRY RIVERS LIMITED

Balance sheet statements

For the year ending 31 December 2021 the company was entitled to exemption under section 477 of the Companies Act 2006 relating to small companies.

The members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.

The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.

These accounts have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime.

This report was approved by the board of directors on 8 September 2022
and signed on behalf of the board by:

Name: Laurence Couldrick
Status: Director

The notes form part of these financial statements

WESTCOUNTRY RIVERS LIMITED

Notes to the Financial Statements

for the Period Ended 31 December 2021

  • 1. Accounting policies

    Basis of measurement and preparation

    These financial statements have been prepared in accordance with the provisions of Section 1A (Small Entities) of Financial Reporting Standard 102

    Turnover policy

    Revenue is measured at the fair value of the consideration received or receivable, excluding any discounts and VAT.Revenue is recognised by reference to the stage of completion as determined by the given contract specifications. Where the outcome of the contract cannot be measured reliably, revenue is recognised only to the extent of the expenses recognised that are recoverable.

    Tangible fixed assets depreciation policy

    Tangible fixed assets are stated at cost less depreciation and impairment Depreciation is provided at rates calculated to write off the cost of fixed assets less their estimated residual value over their estimated useful economic lives

    Other accounting policies

    Amounts recoverable on contracts are stated at cost plus attributable profit to the extent that such profit is reasonably certain and after making provision for any foreseeable losses in completing contracts, less payments on account received. Amounts recoverable on contracts are included within debtors in the statement of financial position.

WESTCOUNTRY RIVERS LIMITED

Notes to the Financial Statements

for the Period Ended 31 December 2021

  • 2. Employees

    2021 2020
    Average number of employees during the period 2 2

WESTCOUNTRY RIVERS LIMITED

Notes to the Financial Statements

for the Period Ended 31 December 2021

3. Debtors

2021 2020
£ £
Trade debtors 18,775 43,248
Prepayments and accrued income 3,448 644
Other debtors 11,981 22,689
Total 34,204 66,581

WESTCOUNTRY RIVERS LIMITED

Notes to the Financial Statements

for the Period Ended 31 December 2021

4. Creditors: amounts falling due within one year note

2021 2020
£ £
Trade creditors 136 133
Taxation and social security 1,914
Accruals and deferred income 1,825 4,211
Other creditors 33,196 62,482
Total 37,071 66,826