Company registration number SC477753 (Scotland)
Westerton Engineering Consulting Limited
Unaudited financial statements
for the year ended 31 May 2023
Pages for filing with registrar
Westerton Engineering Consulting Limited
Chartered Accountants' report to the board of directors on the preparation of the
unaudited statutory financial statements of Westerton Engineering Consulting Limited
1

In order to assist you to fulfil your duties under the Companies Act 2006, we have prepared for your approval the financial statements of Westerton Engineering Consulting Limited for the year ended 31 May 2023 which comprise, the statement of financial position and the related notes from the company’s accounting records and from information and explanations you have given us.

 

As a practising member firm of the ICAS we are subject to its ethical and other professional requirements which are detailed at https://www.icas.com/professional-resources/practice/support-and-guidance/framework-for-the-preparation-of-accounts-revised-june-2020.

This report is made solely to the Board of Directors of Westerton Engineering Consulting Limited, as a body, in accordance with the terms of our engagement letter dated 23 May 2014. Our work has been undertaken solely to prepare for your approval the financial statements of Westerton Engineering Consulting Limited and state those matters that we have agreed to state to the Board of Directors of Westerton Engineering Consulting Limited, as a body, in this report in accordance with the requirements of the ICAS as detailed at https://www.icas.com/professional-resources/practice/support-and-guidance/framework-for-the-preparation-of-accounts-revised-june-2020. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than Westerton Engineering Consulting Limited and its Board of Directors as a body, for our work or for this report.

It is your duty to ensure that Westerton Engineering Consulting Limited has kept adequate accounting records and to prepare statutory financial statements that give a true and fair view of the assets, liabilities, financial position and loss of Westerton Engineering Consulting Limited. You consider that Westerton Engineering Consulting Limited is exempt from the statutory audit requirement for the year.

We have not been instructed to carry out an audit or a review of the financial statements of Westerton Engineering Consulting Limited. For this reason, we have not verified the accuracy or completeness of the accounting records or information and explanations you have given to us and we do not, therefore, express any opinion on the statutory financial statements.

James Milne
Chartered Accountants
5 Bon Accord Square
Aberdeen
AB11 6XZ
20 February 2024
Westerton Engineering Consulting Limited
Statement of financial position
as at 31 May 2023
2
2023
2022
Notes
£
£
£
£
Fixed assets
Tangible assets
2
555
795
Current assets
Debtors
591
57,763
Cash at bank and in hand
830,274
820,785
830,865
878,548
Creditors: amounts falling due within one year
(27,382)
(37,575)
Net current assets
803,483
840,973
Net assets
804,038
841,768
Capital and reserves
Called up share capital
100
100
Profit and loss reserves
803,938
841,668
Total equity
804,038
841,768

In accordance with section 444 of the Companies Act 2006, all of the members of the company have consented to the preparation of abridged financial statements pursuant to paragraph 1A of Schedule 1 to the Small Companies and Groups (Accounts and Directors’ Report) Regulations (SI 2008/409)(b).

The directors of the company have elected not to include a copy of the income statement within the financial statements.true

For the financial year ended 31 May 2023 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

The directors acknowledge their responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of financial statements.

The members have not required the company to obtain an audit of its financial statements for the year in question in accordance with section 476.

These financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime.

Westerton Engineering Consulting Limited
Statement of financial position (continued)
as at 31 May 2023
3
The financial statements were approved by the board of directors and authorised for issue on 16 February 2024 and are signed on its behalf by:
John Nichols
Director
Company Registration No. SC477753
Westerton Engineering Consulting Limited
Notes to the financial statements
for the year ended 31 May 2023
4
1
Accounting policies
Company information

Westerton Engineering Consulting Limited is a private company limited by shares incorporated in Scotland. The registered office is Westerton Steading, Dess, Aboyne, AB34 5AY.

1.1
Accounting convention

These financial statements have been prepared in accordance with FRS 102 “The Financial Reporting Standard applicable in the UK and Republic of Ireland” (“FRS 102”) and the requirements of the Companies Act 2006 as applicable to companies subject to the small companies regime. The disclosure requirements of section 1A of FRS 102 have been applied other than where additional disclosure is required to show a true and fair view.

The financial statements are prepared in sterling, which is the functional currency of the company.

The financial statements have been prepared under the historical cost convention. The principal accounting policies adopted are set out below.

1.2
Turnover

Turnover represents revenue recognised in the accounts. Revenue is recognised when the company fulfils its contractual obligations to customers by supplying services. Where services are performed gradually over time, revenue is recognised as activity progresses by reference to the value of the work performed.

1.3
Tangible fixed assets

Tangible fixed assets are initially measured at cost and subsequently measured at cost or valuation, net of depreciation and any impairment losses.

Depreciation is recognised so as to write off the cost or valuation of assets less their residual values over their useful lives on the following bases:

Fixtures, fittings & equipment
3 years straight line
1.4
Foreign exchange

Transactions in currencies other than pounds sterling are recorded at the rates of exchange prevailing at the dates of the transactions. At each reporting end date, monetary assets and liabilities that are denominated in foreign currencies are retranslated at the rates prevailing on the reporting end date. Gains and losses arising on translation in the period are included in profit or loss.

Westerton Engineering Consulting Limited
Notes to the financial statements (continued)
for the year ended 31 May 2023
5
2
Tangible fixed assets
Total
£
Cost
At 1 June 2022
3,539
Additions
310
At 31 May 2023
3,849
Depreciation and impairment
At 1 June 2022
2,744
Depreciation charged in the year
550
At 31 May 2023
3,294
Carrying amount
At 31 May 2023
555
At 31 May 2022
795
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