Company Registration No. 11498322 (England and Wales)
WESTMOUNT FOOD LIMITED
Unaudited accounts
for the year ended 31 August 2022
WESTMOUNT FOOD LIMITED
Unaudited accounts
Contents
WESTMOUNT FOOD LIMITED
Company Information
for the year ended 31 August 2022
Company Number
11498322 (England and Wales)
Registered Office
40 Willoughby Road
LONDON
N8 0JG
United Kingdom
Accountants
Tatar Brothers & Co Accountants
40 Willoughby Road
Hornsey
London
N8 0JG
WESTMOUNT FOOD LIMITED
Statement of financial position
as at 31 August 2022
Tangible assets
4,402
3,193
Cash at bank and in hand
6,870
6,881
Creditors: amounts falling due within one year
(2,901)
(6,164)
Net current assets
8,536
1,497
Called up share capital
100
100
Profit and loss account
12,838
4,590
Shareholders' funds
12,938
4,690
For the year ending 31 August 2022 the company was entitled to exemption from audit 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 director acknowledges her 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 and in accordance with the provisions of FRS 102 Section 1A - Small Entities. The profit and loss account has not been delivered to the Registrar of Companies.
The financial statements were approved by the Board and authorised for issue on 7 September 2022 and were signed on its behalf by
Yeliz Polat
Director
Company Registration No. 11498322
WESTMOUNT FOOD LIMITED
Notes to the Accounts
for the year ended 31 August 2022
WESTMOUNT FOOD LIMITED is a private company, limited by shares, registered in England and Wales, registration number 11498322. The registered office is 40 Willoughby Road, LONDON, N8 0JG, United Kingdom.
2
Compliance with accounting standards
The accounts have been prepared in accordance with the provisions of FRS 102 Section 1A Small Entities. There were no material departures from that standard.
The principal accounting policies adopted in the preparation of the financial statements are set out below and have remained unchanged from the previous year, and also have been consistently applied within the same accounts.
The accounts have been prepared under the historical cost convention as modified by the revaluation of certain fixed assets.
The accounts are presented in £ sterling.
Tangible fixed assets and depreciation
Tangible assets are included at cost less depreciation and impairment. Depreciation has been provided at the following rates in order to write off the assets over their estimated useful lives:
Plant & machinery
20% reducing balance method
Fixtures & fittings
15% reducing balance method
Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes. Turnover from the sale of goods is recognised when goods have been delivered to customers such that risks and rewards of ownership have transferred to them.
Inventories have been valued at the lower of cost and estimated selling price less costs to complete and sell. In respect of work in progress and finished goods, cost includes a relevant proportion of overheads according to the stage of manufacturing/completion.
Basic financial instruments are recognised at amortised cost, except for investments in non-convertible preference and non-puttable ordinary shares which are measured at fair value, with changes recognised in profit or loss. Derivative financial instruments are initially recorded at cost and thereafter at fair value with changes recognised in profit or loss.
WESTMOUNT FOOD LIMITED
Notes to the Accounts
for the year ended 31 August 2022
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Tangible fixed assets
Plant & machinery
Fixtures & fittings
Total
Cost or valuation
At cost
At cost
At 1 September 2021
-
5,200
5,200
At 31 August 2022
2,110
5,200
7,310
At 1 September 2021
-
2,007
2,007
Charge for the year
422
479
901
At 31 August 2022
422
2,486
2,908
At 31 August 2022
1,688
2,714
4,402
At 31 August 2021
-
3,193
3,193
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Debtors: amounts falling due within one year
2022
2021
6
Creditors: amounts falling due within one year
2022
2021
Taxes and social security
1,651
139
Loans from directors
-
4,825
Allotted, called up and fully paid:
100 Ordinary shares of £1 each
100
100
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Average number of employees
During the year the average number of employees was 1 (2021: 1).