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Registered number: 06660887
Westfield Londis Limited
Unaudited Financial Statements
For The Year Ended 31 July 2023
Your Consultancy
Contents
Page
Balance Sheet 1—2
Notes to the Financial Statements 3—4
Page 1
Balance Sheet
Registered number: 06660887
2023 2022
Notes £ £ £ £
FIXED ASSETS
Tangible Assets 4 3,731 3,236
3,731 3,236
CURRENT ASSETS
Stocks 5 50,500 45,280
Debtors 6 4,543 -
Cash at bank and in hand 34,738 23,938
89,781 69,218
Creditors: Amounts Falling Due Within One Year 7 (47,820 ) (52,572 )
NET CURRENT ASSETS (LIABILITIES) 41,961 16,646
TOTAL ASSETS LESS CURRENT LIABILITIES 45,692 19,882
PROVISIONS FOR LIABILITIES
Deferred Taxation (584 ) (584 )
NET ASSETS 45,108 19,298
CAPITAL AND RESERVES
Called up share capital 8 198 198
Profit and Loss Account 44,910 19,100
SHAREHOLDERS' FUNDS 45,108 19,298
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Page 2
For the year ending 31 July 2023 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.
The member has not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.
The director acknowledges her responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.
These accounts have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies' regime.
The company has taken advantage of section 444(1) of the Companies Act 2006 and opted not to deliver to the registrar a copy of the company's Profit and Loss Account.
On behalf of the board
Mrs Bina Patel
Director
02/04/2024
The notes on pages 3 to 4 form part of these financial statements.
Page 2
Page 3
Notes to the Financial Statements
1. General Information
Westfield Londis Limited is a private company, limited by shares, incorporated in England & Wales, registered number 06660887 . The registered office is 1, Robertson House Main Road, Westfield, Hastings, TN35 4QE.
2. Accounting Policies
2.1. Basis of Preparation of Financial Statements
The financial statements have been prepared under the historical cost convention and in accordance with Financial Reporting Standard 102 section 1A Small Entities "The Financial Reporting Standard applicable in the UK and Republic of Ireland" and the Companies Act 2006.
2.2. 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 is reduced for estimated customer returns, rebates and other similar allowances.
Sale of goods
Turnover from the sale of goods is recognised when the significant risks and rewards of ownership of the goods has transferred to the buyer. This is usually at the point that the customer has signed for the delivery of the goods.
Rendering of services
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. Turnover is only recognised to the extent of recoverable expenses when the outcome of a contract cannot be estimated reliably.
2.3. Tangible Fixed Assets and Depreciation
Tangible fixed assets are measured at cost less accumulated depreciation and any accumulated impairment losses. Depreciation is provided at rates calculated to write off the cost of the fixed assets, less their estimated residual value, over their expected useful lives on the following bases:
Leasehold 0
Plant & Machinery 25%
Fixtures & Fittings 25%
2.4. Stocks and Work in Progress
Stocks and work in progress are valued at the lower of cost and net realisable value after making due allowance for obsolete and slow-moving stocks. Cost includes all direct costs and an appropriate proportion of fixed and variable overheads. Work-in-progress is reflected in the accounts on a contract by contract basis by recording turnover and related costs as contract activity progresses.
3. Average Number of Employees
Average number of employees, including directors, during the year was: 3 (2022: 2)
3 2
4. Tangible Assets
Land & Property
Leasehold Plant & Machinery Fixtures & Fittings Total
£ £ £ £
Cost
As at 1 August 2022 1,186 230 2,845 4,261
Additions - - 1,900 1,900
As at 31 July 2023 1,186 230 4,745 6,161
...CONTINUED
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Depreciation
As at 1 August 2022 - 77 948 1,025
Provided during the period - 77 1,328 1,405
As at 31 July 2023 - 154 2,276 2,430
Net Book Value
As at 31 July 2023 1,186 76 2,469 3,731
As at 1 August 2022 1,186 153 1,897 3,236
5. Stocks
2023 2022
£ £
Finished goods 50,500 45,280
6. Debtors
2023 2022
£ £
Due within one year
Other debtors 4,543 -
7. Creditors: Amounts Falling Due Within One Year
2023 2022
£ £
Trade creditors 37,079 4,243
VAT 1,214 802
Accruals and deferred income 1,960 1,960
Director's loan account 7,567 45,567
47,820 52,572
8. Share Capital
2023 2022
£ £
Allotted, Called up and fully paid 198 198
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