Registered number
04089811
Westwood Inc Ltd
Filleted Accounts
31 December 2023
Westwood Inc Ltd
Registered number: 04089811
Balance Sheet
as at 31 December 2023
Notes 2023 2022
£ £
Fixed assets
Tangible assets 3 150,000 150,000
Current assets
Cash at bank and in hand 100 100
Creditors: amounts falling due within one year 4 (150,000) (150,000)
Net current liabilities (149,900) (149,900)
Net assets 100 100
Capital and reserves
Called up share capital 100 100
Shareholders' funds 100 100
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.
Mr R K Westwood
Director
Approved by the board on 24 September 2024
Westwood Inc Ltd
Notes to the Accounts
for the year ended 31 December 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).
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:
Freehold buildings over 50 years
Leasehold land and buildings over the lease term
Plant and machinery over 5 years
Fixtures, fittings, tools and equipment over 5 years
Creditors
Short term creditors are measured at transaction price (which is usually the invoice price). Loans and other financial liabilities are initially recognised at transaction price net of any transaction costs and subsequently measured at amortised cost determined using the effective interest method.
2 Employees 2023 2022
Number Number
Average number of persons employed by the company 0 0
3 Tangible fixed assets
Land and buildings Plant and machinery etc Total
£ £ £
Cost
At 1 January 2023 150,000 13,371 163,371
At 31 December 2023 150,000 13,371 163,371
Depreciation
At 1 January 2023 - 13,371 13,371
At 31 December 2023 - 13,371 13,371
Net book value
At 31 December 2023 150,000 - 150,000
At 31 December 2022 150,000 - 150,000
4 Creditors: amounts falling due within one year 2023 2022
£ £
Other creditors 150,000 150,000
5 Other information
Westwood Inc Ltd is a private company limited by shares and incorporated in England. Its registered office is:
70 Lower High Street
Wednesbury
West Midlands
WS10 7AP
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