01146389falsethe provision of sports and entertainment facilities2022-02-012023-01-31http://www.companieshouse.gov.uk/2022-01-31http://www.companieshouse.gov.uk/pt:ShareCapital2022-01-31http://www.companieshouse.gov.uk/cd:Director12022-02-012023-01-31http://www.companieshouse.gov.uk/pt:ShareCapital2023-01-31http://www.companieshouse.gov.uk/cd:Director22022-02-012023-01-31http://www.companieshouse.gov.uk/pt:FurnitureFittings2022-01-31http://www.companieshouse.gov.uk/pt:ToolsEquipment2022-01-31http://www.companieshouse.gov.uk/pt:FurnitureFittings2023-01-31http://www.companieshouse.gov.uk/cd:OrdinaryShareClass12022-02-012023-01-31http://www.companieshouse.gov.uk/pt:ToolsEquipment2023-01-31http://www.companieshouse.gov.uk/cd:RegisteredOffice2022-02-012023-01-31http://www.companieshouse.gov.uk/pt:NetGoodwill2022-01-31http://www.companieshouse.gov.uk/pt:NetGoodwill2023-01-31http://www.companieshouse.gov.uk/cd:AuditExemptWithAccountantsReport2022-02-012023-01-31http://www.companieshouse.gov.uk/pt:CurrentFinancialInstruments2023-01-31http://www.companieshouse.gov.uk/pt:NetGoodwill2022-02-012023-01-31http://www.companieshouse.gov.uk/pt:CurrentFinancialInstruments2022-01-31http://www.companieshouse.gov.uk/2022-02-012023-01-31http://www.companieshouse.gov.uk/2022-01-31http://www.companieshouse.gov.uk/cd:FRS1022022-02-012023-01-31http://www.companieshouse.gov.uk/2023-01-31http://www.companieshouse.gov.uk/cd:FullAccounts2022-02-012023-01-31http://www.companieshouse.gov.uk/cd:PrivateLimitedCompanyLtd2022-02-012023-01-31iso4217:GBPxbrli:sharesxbrli:pure
Registered number: 01146389

WESTCOL LIMITED

ACCOUNTS
FOR THE YEAR ENDED 31/01/2023

Prepared By:
Woodways Accountancy
Accountants
The White Cottage
10 Worminghall Road
Oakley
Bucks
HP18 9QY

WESTCOL LIMITED

ACCOUNTS
FOR THE YEAR ENDED 31/01/2023
DIRECTORS
N J Preston
S F Martin
SECRETARY
N J Preston
REGISTERED OFFICE
Racquets Fitness Centre
North Street
Thame
Oxon
OX9 3TH
COMPANY DETAILS
Private company limited by shares registered in EW - England and Wales, registered number 01146389
ACCOUNTANTS
Woodways Accountancy
Accountants
The White Cottage
10 Worminghall Road
Oakley
Bucks
HP18 9QY

WESTCOL LIMITED

ACCOUNTS
FOR THEYEARENDED31/01/2023
CONTENTS
Page
Directors' Report-
Statement Of Comprehensive Income-
Balance Sheet3
Notes To The Accounts4
The following do not form part of the statutory financial statements:
Trading And Profit And Loss Account-
Profit And Loss Account Summaries-

WESTCOL LIMITED

BALANCE SHEET AT 31/01/2023
20232022
Notes££
FIXED ASSETS
Intangible assets35,0005,000
Tangible assets415,80919,811
20,80924,811
CURRENT ASSETS
Stock1,5002,200
Debtors616,49411,253
Cash at bank and in hand7,17424,233
25,16837,686
CREDITORS: Amounts falling due within one year797,45654,846
NET CURRENT LIABILITIES(72,288)(17,160)
TOTAL ASSETS LESS CURRENT LIABILITIES(51,479)7,651
CREDITORS: Amounts falling due after more than one year846,64549,333
NET LIABILITIES(98,124)(41,682)
CAPITAL AND RESERVES
Called up share capital9100100
Profit and loss account(98,224)(41,782)
SHAREHOLDERS' FUNDS(98,124)(41,682)
For the year ending 31/01/2023 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.
The directors have decided not to deliver to the registrar a copy of the company's profit and loss account.
Approved by the board on 23/10/2023 and signed on their behalf by
.............................
N J Preston
Director

WESTCOL LIMITED

NOTES TO THE ACCOUNTS
FOR THE YEAR ENDED 31/01/2023
1. ACCOUNTING POLICIES
1a. Basis Of Accounting
The accounts have been prepared under the historical cost convention.
The accounts have been prepared in accordance with FRS102 section 1A - The Financial Reporting Standard applicable in the UK and Republic of Ireland and the Companies Act 2006 .
1b. Depreciation
Depreciation has been provided at the following rates in order to write off the assets over their estimated useful lives.
Long Leasehold Properties 10%
Fixtures and Fittings 25%
Equipment 25%
1c. Stocks
Stocks are stated at the lower of cost and estimated selling price less costs to complete and sell (net realisable value). Costs, which comprise direct production costs, are based on the method most appropriate to the type of inventory class, but usually on a first-in-first-out basis. Overheads are charged to profit or loss as incurred. Net realisable value is based on the estimated selling price less any estimated completion or selling costs.
When stocks are sold, the carrying amount of those stocks is recognised as an expense in the period in which the related revenue is recognised. The amount of any write-down of stocks to net realisable value and all losses of stocks are recognised as an expense in the period in which the write-down or loss occurs. The amount of any reversal of any write-down of stocks is recognised as a reduction in the amount of stocks recognised as an expense in the period in which the reversal occurs.
1d. Pension Costs
The company operates a defined contribution pension scheme. The pension charge represents the amounts payable by the company to the fund in respect of the year.
1e. Goodwill
Goodwill arising in connection with the acquisition of businesses is capitalised and amortised over its estimated economic life to a maximum of 20 years. Goodwill is reviewed annually for impairment if events or changes in circumstances indicate that the carrying value may not be recoverable.
1f.

WESTCOL LIMITED

1g. Leases
Assets held under finance leases and hire purchase contracts are capitalised in the balance sheet at their fair value and depreciated over their expected useful lives. The interest element of leasing payments represents a constant proportion of the capital balance outstanding and is charged to the profit and loss account over the period of the lease. All other leases are regarded as operating leases and the payments made under them are charged to the profit and loss account on a straight line basis over the lease term.
2. EMPLOYEES
20232022
No.No.
Average number of employees17-
3. INTANGIBLE FIXED ASSETS
Purchased
GoodwillTotal
££
Cost
At 01/02/20225,0005,000
At 31/01/20235,0005,000
Depreciation
At 31/01/2023--
Net Book Amounts
At 31/01/20235,0005,000
At 31/01/20225,0005,000

WESTCOL LIMITED

4. TANGIBLE FIXED ASSETS
Long LeaseholdFixtures
Propertiesand FittingsEquipmentTotal
££££
Cost
At 01/02/20226,121304,54210,808321,471
Additions-40500540
At 31/01/20236,121304,58211,308322,011
Depreciation
At 01/02/20221,493290,7349,433301,660
For the year6123,5773534,542
At 31/01/20232,105294,3119,786306,202
Net Book Amounts
At 31/01/20234,01610,2711,52215,809
At 31/01/20224,62813,8081,37519,811
5. STOCK 20232022
££
Stock comprises:
Stock1,5002,200
1,5002,200
6. DEBTORS 20232022
££
Amounts falling due within one year
Prepayments16,49411,253
16,49411,253

WESTCOL LIMITED

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
20232022
££
VAT5,3664,031
PAYE control456637
Directors current account1,4731,116
Loans4,83910,000
Trade creditors24,9647,491
Other creditors17,6843,000
Accruals42,67428,571
97,45654,846
8. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR
20232022
££
Bank loans (unsecured) >1yr30,64533,333
Loans >1yr16,00016,000
46,64549,333
9. SHARE CAPITAL 20232022
££
Allotted, issued and fully paid:
200 Ordinary shares of £0.50 each100100
100100