Westhill Marketing Limited
Registered number: SC247621
Balance Sheet
as at 30 April 2022
Notes 2022 2021
£ £
Fixed assets
Tangible assets 3 5,211 3,735
Current assets
Stocks - 100
Debtors 4 3,258 11,436
Cash at bank and in hand 26,436 27,029
29,694 38,565
Creditors: amounts falling due within one year 5 (11,360) (14,812)
Net current assets 18,334 23,753
Net assets 23,545 27,488
Capital and reserves
Called up share capital 10 10
Profit and loss account 23,535 27,478
Shareholders' funds 23,545 27,488
The directors are satisfied that the company is entitled to exemption from the requirement to obtain an audit under section 477 of the Companies Act 2006.
The members have not required the company to obtain an audit in accordance with section 476 of the Act.
The directors acknowledge their responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of accounts.
The accounts have been prepared and delivered in accordance with the special provisions applicable to companies subject to the small companies regime. The profit and loss account has not been delivered to the Registrar of Companies.
E A Douglas
Director
Approved by the board on 31 August 2022
Westhill Marketing Limited
Notes to the Accounts
for the year ended 30 April 2022
1 Accounting policies
Basis of preparation
The accounts have been prepared under the historical cost convention and in accordance with FRS 102, The Financial Reporting Standard applicable in the UK and Republic of Ireland.
Turnover
Turnover is measured at the fair value of the consideration received or receivable, net of discounts and value added taxes. Turnover includes revenue earned from the sale of goods and from the rendering of services. Turnover from the sale of goods is recognised when the significant risks and rewards of ownership of the goods have transferred to the buyer. Turnover from the rendering of services is recognised by reference to the stage of completion of the contract. The stage of completion of a contract is measured by comparing the costs incurred for work performed to date to the total estimated contract costs.
Tangible fixed assets
Tangible fixed assets are measured at cost less accumulative depreciation and any accumulative impairment losses. Depreciation is provided on all tangible fixed assets, other than freehold land, at rates calculated to write off the cost, less estimated residual value, of each asset evenly over its expected useful life, as follows:
Freehold buildings over 50 years
Leasehold land and buildings over the lease term
Plant and machinery over 5 years
Fixtures, fittings, tools and equipment over 5 years
Stocks
Stocks are measured at the lower of cost and estimated selling price less costs to complete and sell. Cost is determined using the first in first out method. The carrying amount of stock sold is recognised as an expense in the period in which the related revenue is recognised.
Taxation
A current tax liability is recognised for the tax payable on the taxable profit of the current and past periods. A current tax asset is recognised in respect of a tax loss that can be carried back to recover tax paid in a previous period. Deferred tax is recognised in respect of all timing differences between the recognition of income and expenses in the financial statements and their inclusion in tax assessments. 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. Deferred tax is measured using the tax rates and laws that have been enacted or substantively enacted by the reporting date and that are expected to apply to the reversal of the timing difference, except for revalued land and investment property where the tax rate that applies to the sale of the asset is used. Current and deferred tax assets and liabilities are not discounted.
2 Employees 2022 2021
Number Number
Average number of persons employed by the company 2 2
3 Tangible fixed assets
Land and buildings Plant and machinery etc Motor vehicles Total
£ £ £ £
Cost
At 1 May 2021 4,150 3,221 13,607 20,978
Additions - - 2,522 2,522
At 30 April 2022 4,150 3,221 16,129 23,500
Depreciation
At 1 May 2021 415 3,221 13,607 17,243
Charge for the year 415 - 631 1,046
At 30 April 2022 830 3,221 14,238 18,289
Net book value
At 30 April 2022 3,320 - 1,891 5,211
At 30 April 2021 3,735 - - 3,735
4 Debtors 2022 2021
£ £
Trade debtors 3,258 11,436
5 Creditors: amounts falling due within one year 2022 2021
£ £
Trade creditors 7,668 5,329
Accruals 999 996
Corporation tax 950 6,301
Other taxes and social security costs 1,635 2,078
Other creditors 108 108
11,360 14,812
6 Other information
Westhill Marketing Limited is a private company limited by shares and incorporated in Scotland. Its registered office is:
Computer
Westhill
Aberdeen
Aberdeenshire
AB32 6PT
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