Westacre Productions Limited


FINANCIAL STATEMENTS


for the year ended 30th September 2023



Westacre Productions Limited

CONTENTS

for the year ended 30th September 2023







The Accounts are comprised of the following:

Statement of Financial Position

Notes to the Accounts



Please note that the Accounts comprise of HTML and iXBRL source code and that this is a printed or visual representation of that source code some of which will not be displayed or printed.

Westacre Productions Limited

Company No. 09791179

STATEMENT OF FINANCIAL POSITION

as at 30th September 2023

20232022
Note£££
FIXED ASSETS
Property, plant and equipment4109149233
109149233
CURRENT ASSETS
Debtors57554761457
Cash at bank and in hand61824040
8172965497
CURRENT LIABILITIES
Creditors: amounts falling due
within one year66002640879
NET CURRENT ASSETS2170324618
TOTAL ASSETS LESS CURRENT LIABILITIES3261733851
 
Creditors: amounts falling due
after more than one year72585831080
 
NET ASSETS67592771
 
CAPITAL AND RESERVES
Called up share capital22
Retained earnings67572769
SHAREHOLDERS FUNDS67592771

The accounts have been prepared in accordance with the provisions in Part 15 of the Companies Act 2006 applicable to companies which are subject to the small companies' regime. The Income Statement has not been delivered to the Registrar of Companies.

For the year ended 30th September 2023 the Company is entitled to the exemption from the requirement to obtain an audit conferred by section 477 of the Companies Act 2006 and 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.

Approved by the Board on 24 April 2024


J Cooper

Director

Company Number 09791179 (England)

Westacre Productions Limited

NOTES TO THE ACCOUNTS

for the year ended 30th September 2023


1   Statutory information

Westacre Productions Limited is a private company limited by shares and registered under company number 09791179 in England. Its registered office address is 12, Hatherley Road, Sidcup, Kent, DA14 4DT.

These financial statements are presented in Sterling, which is the functional currency of the company.

2   Accounting policies

Basis of preparation of financial statements

The accounts have been prepared under the historical cost convention in accordance with the accounting policies set out below, and in accordance with Financial Reporting Standard 102 Section 1A and the Companies Act 2006.

Income Recognition

Revenue is measured at the fair value of the consideration received or receivable. Turnover is shown net of value added tax, returns, rebates and discounts. Revenue is recognised for the sale of goods when the vendor has transferred the significant risks and rewards of ownership, it is possible that the economic benefit will flow to the entity and the revenue and associated costs can be reliably measured.

Depreciation

Depreciation is provided on all property, plant and equipment, 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, machinery and vehicles20-25% reducing balance

Leasing

Assets, obtained under hire purchase contracts and finance leases, are capitalised as tangible fixed assets. Assets acquired under finance leases are depreciated over the shorter of the lease term and their useful lives. Assets acquired under hire purchase contracts are depreciated over their useful lives. Finance leases are those where substantially all of the benefits and risks of ownership are assumed by the company. Obligations under such agreements are included in creditors net of the finance charge allocated to future periods. The finance element of the rental payment is charged to the profit and loss account so as to produce a constant periodic rate of charge on the net obligation outstanding in each period.

Rentals applicable to operating leases where substantially all of the benefits and risks of ownership remain with the lessor are charged to profit and loss account on a straight line basis.

3   Employee information

The average number of employees during the accounting period was 1 (2022 - 1).

4   Property, plant and equipment
 
PlantFixtures
andand
MachineryFittingsTotal
£££
Cost
At 1st October 2022 14235599320228
Additions34742483722
At 30th September 202317709624123950
 
Depreciation
At 1st October 2022 7658333710995
Charge for year13157262041
At 30th September 20238973406313036
 
Net Book Value
At 30th September 20238736217810914
At 30th September 2022657726569233

5   Debtors20232022
££
 
Trade Debtors2400-
Other debtors7314761457
7554761457

6   Creditors: amounts falling due within one year20232022
££
 
Loans and Overdrafts44444444
Corporation tax2799018856
Taxes and social security costs53276629
Other creditors1099010950
Accruals and deferred income11275-
6002640879

7   Creditors: amounts falling due after one year20232022
££
 
Loans and Overdrafts2585831080
2585831080

8   Loans20232022
££
Analysis of maturity of debt:
 
Within one year44444444
Between one and five years2585831080
3030235524

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