WESTBOURNE FINANCE & LEASING LIMITED
Registered number: 03474679
Balance Sheet
as at 30 November 2023
Notes 2023 2022
£ £
Current assets
Debtors 4 147,576 838,476
Cash at bank and in hand - 131
147,576 838,607
Creditors: amounts falling due within one year 5 (11,186) (11,186)
Net current assets 136,390 827,421
Total assets less current liabilities 136,390 827,421
Creditors: amounts falling due after more than one year 6 (252,112) (943,012)
Net liabilities (115,722) (115,591)
Capital and reserves
Called up share capital 210,000 210,000
Profit and loss account (325,722) (325,591)
Shareholders' funds (115,722) (115,591)
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.
John Lee Hickens
Director
Approved by the board on 13 March 2024
WESTBOURNE FINANCE & LEASING LIMITED
Notes to the Accounts
for the year ended 30 November 2023
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 (as applied to small entities by section 1A of the standard).
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:
Plant and machinery over 5 years
2 Employees 2023 2022
Number Number
Average number of persons employed by the company 1 1
3 Tangible fixed assets
Plant and machinery etc
£
Cost
At 1 December 2022 38,792
At 30 November 2023 38,792
Depreciation
At 1 December 2022 38,792
At 30 November 2023 38,792
Net book value
At 30 November 2023 -
4 Debtors 2023 2022
£ £
Trade debtors 147,576 838,476
5 Creditors: amounts falling due within one year 2023 2022
£ £
Other taxes and social security costs 7,186 7,186
Accruals 4,000 4,000
11,186 11,186
6 Creditors: amounts falling due after one year 2023 2022
£ £
Loans 252,112 943,012
7 Other information
WESTBOURNE FINANCE & LEASING LIMITED is a private company limited by shares and incorporated in England. Its registered office is:
6 Portal Business Park Suite 3 & 4
Eaton Lane
Tarporley
Cheshire
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