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REGISTERED NUMBER: 06041730 (England and Wales)















WESTBROOK FINANCIAL SERVICES LTD

UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 MARCH 2023






WESTBROOK FINANCIAL SERVICES LTD (REGISTERED NUMBER: 06041730)






CONTENTS OF THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2023




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 3


WESTBROOK FINANCIAL SERVICES LTD

COMPANY INFORMATION
FOR THE YEAR ENDED 31 MARCH 2023







DIRECTOR: M L Sanguigni





SECRETARY: Mrs A C Sanguigni





REGISTERED OFFICE: 3 Cecil Square
Margate
Kent
CT9 1BD





REGISTERED NUMBER: 06041730 (England and Wales)





ACCOUNTANTS: Spurling Cannon
King Arthur’s Court
Maidstone Road
Charing
Kent
TN27 0JS

WESTBROOK FINANCIAL SERVICES LTD (REGISTERED NUMBER: 06041730)

BALANCE SHEET
31 MARCH 2023

2023 2022
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 8,599 11,022

CURRENT ASSETS
Debtors 5 39,578 44,982
Cash at bank 233,473 204,895
273,051 249,877
CREDITORS
Amounts falling due within one year 6 202,147 161,363
NET CURRENT ASSETS 70,904 88,514
TOTAL ASSETS LESS CURRENT
LIABILITIES

79,503

99,536

CAPITAL AND RESERVES
Called up share capital 7 120 120
Retained earnings 8 79,383 99,416
SHAREHOLDERS' FUNDS 79,503 99,536

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 March 2023.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 March 2023 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 applicable to companies subject to the small companies regime.

In accordance with Section 444 of the Companies Act 2006, the Statement of Income and Retained Earnings has not been delivered.

The financial statements were approved by the director and authorised for issue on 24 April 2023 and were signed by:





M L Sanguigni - Director


WESTBROOK FINANCIAL SERVICES LTD (REGISTERED NUMBER: 06041730)

NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2023

1. STATUTORY INFORMATION

Westbrook Financial Services Ltd 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 Financial Reporting Standard 102 "The Financial Reporting Standard applicable in the UK and Republic of Ireland" including the provisions of Section 1A "Small Entities" 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.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Fixture & Fittings - 25% on reducing balance
Computer equipment - 25% on reducing balance

Taxation
Taxation for the year comprises current tax. Tax is recognised in the Statement of Income and Retained Earnings, except to the extent that it relates to items recognised in other comprehensive income or directly in equity.

Current 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.

Pension costs and other post-retirement benefits
The company operates a defined contribution pension scheme. Contributions payable to the company's pension scheme are charged to profit or loss in the period to which they relate.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 4 (2022 - 4 ) .

WESTBROOK FINANCIAL SERVICES LTD (REGISTERED NUMBER: 06041730)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 MARCH 2023

4. TANGIBLE FIXED ASSETS
Plant and Fixture & Computer
machinery Fittings equipment Totals
£    £    £    £   
COST
At 1 April 2022 11,598 2,012 32,149 45,759
Additions - - 2,260 2,260
At 31 March 2023 11,598 2,012 34,409 48,019
DEPRECIATION
At 1 April 2022 5,074 1,264 28,399 34,737
Charge for year 1,631 187 2,865 4,683
At 31 March 2023 6,705 1,451 31,264 39,420
NET BOOK VALUE
At 31 March 2023 4,893 561 3,145 8,599
At 31 March 2022 6,524 748 3,750 11,022

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Trade debtors 16,203 12,407
Sundry debtors 23,375 32,575
39,578 44,982

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Trade creditors 8,270 5,547
Corporation Tax 12,573 18,929
Social security and other taxes 347 339
Pension 414 -
Sundry creditors 35,601 50,555
Directors' current accounts 143,647 84,698
Accrued expenses 1,295 1,295
202,147 161,363

7. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 2023 2022
value: £    £   
100 Ordinary £1 100 100
20 B share £1 20 20
120 120

WESTBROOK FINANCIAL SERVICES LTD (REGISTERED NUMBER: 06041730)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 MARCH 2023

8. RESERVES
Retained
earnings
£   

At 1 April 2022 99,416
Profit for the year 51,967
Dividends (72,000 )
At 31 March 2023 79,383