IRIS Accounts Production v23.3.1.45 04291257 Board of Directors 1.6.22 31.5.23 31.5.23 false true false false true false iso4217:GBPiso4217:USDiso4217:EURxbrli:sharesxbrli:pureutr:tonnesutr:kWh042912572022-05-31042912572023-05-31042912572022-06-012023-05-31042912572021-05-31042912572021-06-012022-05-31042912572022-05-3104291257ns10:Originalns15:EnglandWales2022-06-012023-05-3104291257ns14:PoundSterlingns10:Original2022-06-012023-05-3104291257ns10:Originalns10:Director12022-06-012023-05-3104291257ns10:Original2022-06-012023-05-3104291257ns10:Original2023-05-3104291257ns10:Originalns10:PrivateLimitedCompanyLtd2022-06-012023-05-3104291257ns10:Originalns10:SmallEntities2022-06-012023-05-3104291257ns10:Originalns10:AuditExempt-NoAccountantsReport2022-06-012023-05-3104291257ns10:Originalns10:SmallCompaniesRegimeForDirectorsReport2022-06-012023-05-3104291257ns10:SmallCompaniesRegimeForAccountsns10:Original2022-06-012023-05-3104291257ns10:Originalns10:FullAccounts2022-06-012023-05-3104291257ns10:Originalns10:Director22022-06-012023-05-3104291257ns10:Originalns10:RegisteredOffice2022-06-012023-05-3104291257ns10:Original2022-05-3104291257ns10:Originalns5:CurrentFinancialInstruments2023-05-3104291257ns10:Originalns5:CurrentFinancialInstruments2022-05-3104291257ns5:ShareCapitalns10:Original2023-05-3104291257ns5:ShareCapitalns10:Original2022-05-3104291257ns10:Originalns5:RetainedEarningsAccumulatedLosses2023-05-3104291257ns10:Originalns5:RetainedEarningsAccumulatedLosses2022-05-3104291257ns10:Originalns5:FurnitureFittings2022-06-012023-05-3104291257ns10:Originalns5:ComputerEquipment2022-06-012023-05-3104291257ns10:Original2021-06-012022-05-3104291257ns10:Originalns5:FurnitureFittings2022-05-3104291257ns10:Originalns5:ComputerEquipment2022-05-3104291257ns10:Original2022-05-3104291257ns10:Originalns5:FurnitureFittings2023-05-3104291257ns10:Originalns5:ComputerEquipment2023-05-3104291257ns10:Originalns5:FurnitureFittings2022-05-3104291257ns10:Originalns5:ComputerEquipment2022-05-3104291257ns10:Originalns5:CurrentFinancialInstrumentsns5:WithinOneYear2023-05-3104291257ns10:Originalns5:CurrentFinancialInstrumentsns5:WithinOneYear2022-05-31
REGISTERED NUMBER: 04291257 (England and Wales)















UNAUDITED FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MAY 2023

FOR

WESTMINSTER MANAGEMENT SERVICES LIMITED

WESTMINSTER MANAGEMENT SERVICES LIMITED (REGISTERED NUMBER: 04291257)






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




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 3


WESTMINSTER MANAGEMENT SERVICES LIMITED

COMPANY INFORMATION
FOR THE YEAR ENDED 31 MAY 2023







DIRECTORS: S.D. Peters
Ms G T Weeks





REGISTERED OFFICE: 4th Floor
Charles House
108-110 Finchley Road
London
NW3 5JJ





REGISTERED NUMBER: 04291257 (England and Wales)





ACCOUNTANTS: Numera Partners LLP
4th Floor
Charles House
108-110 Finchley Road
London
NW3 5JJ

WESTMINSTER MANAGEMENT SERVICES LIMITED (REGISTERED NUMBER: 04291257)

BALANCE SHEET
31 MAY 2023

31.5.23 31.5.22
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 12,550 14,148

CURRENT ASSETS
Debtors 5 805,116 1,085,538
Cash at bank and in hand 548,111 296,395
1,353,227 1,381,933
CREDITORS
Amounts falling due within one year 6 848,626 879,752
NET CURRENT ASSETS 504,601 502,181
TOTAL ASSETS LESS CURRENT
LIABILITIES

517,151

516,329

CAPITAL AND RESERVES
Called up share capital 2 2
Retained earnings 517,149 516,327
SHAREHOLDERS' FUNDS 517,151 516,329

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

The members have not required the company to obtain an audit of its financial statements for the year ended 31 May 2023 in accordance with Section 476 of the Companies Act 2006.

The directors acknowledge their 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 Income Statement has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 22 February 2024 and were signed on its behalf by:





S.D. Peters - Director


WESTMINSTER MANAGEMENT SERVICES LIMITED (REGISTERED NUMBER: 04291257)

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

1. STATUTORY INFORMATION

Westminster Management Services Limited 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.

The presentation currency of the financial statements is the Pound Sterling (£) and rounded to the nearest £.

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 represents the value of services, excluding value added tax.

Government grants
Grants are accounted under the accruals model as permitted by FRS 102. Grants relating to expenditure on tangible fixed assets are credited to profit or loss at the same rate as the depreciation on the assets to which the grant relates. The deferred element of grants is included in creditors as deferred income.

Grants of a revenue nature are recognised in the Statement of comprehensive income in the same period as the related expenditure.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Fixtures and fittings - 25% on reducing balance
Computer equipment - 33% on reducing balance

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

Current or deferred 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.

Deferred tax
Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the balance sheet date.

Timing differences arise from the inclusion of income and expenses in tax assessments in periods different from those in which they are recognised in financial statements. Deferred tax is measured using tax rates and laws that have been enacted or substantively enacted by the year end and that are expected to apply to the reversal of the timing difference.

Unrelieved tax losses and other deferred tax assets are recognised only to the extent that it is probable that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits.

Hire purchase and leasing commitments
Rentals paid under operating leases are charged to profit or loss on a straight line basis over the period of the lease.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 26 (2022 - 24 ) .

WESTMINSTER MANAGEMENT SERVICES LIMITED (REGISTERED NUMBER: 04291257)

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

4. TANGIBLE FIXED ASSETS
Fixtures
and Computer
fittings equipment Totals
£    £    £   
COST
At 1 June 2022 67,886 152,314 220,200
Additions 494 3,857 4,351
At 31 May 2023 68,380 156,171 224,551
DEPRECIATION
At 1 June 2022 66,428 139,624 206,052
Charge for year 488 5,461 5,949
At 31 May 2023 66,916 145,085 212,001
NET BOOK VALUE
At 31 May 2023 1,464 11,086 12,550
At 31 May 2022 1,458 12,690 14,148

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.5.23 31.5.22
£    £   
Trade debtors 266,930 989,666
Other debtors 1,591 1,416
VAT - 623
Prepayments 201,371 93,833
Accrued income 335,224 -
805,116 1,085,538

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.5.23 31.5.22
£    £   
Trade creditors 163,648 300,070
Tax 312 23,739
Social security and other taxes 30,549 28,235
Pension control 8,911 -
VAT 44,630 -
Other creditors 587,531 515,492
Wages control account (2,300 ) -
Accrued expenses 15,345 12,216
848,626 879,752