Westline Publishing Ltd
Registered number: 04269698
Balance Sheet
as at 31 December 2023
Notes 2023 2022
£ £
Fixed assets
Intangible assets 3 137,490 157,130
Investments 4 44,625 48,500
182,115 205,630
Current assets
Stocks 24,528 30,567
Debtors 5 34,003 40,263
Cash at bank and in hand 119,007 100,731
177,538 171,561
Creditors: amounts falling due within one year 6 (136,022) (147,454)
Net current assets 41,516 24,107
Total assets less current liabilities 223,631 229,737
Creditors: amounts falling due after more than one year 7 (144,763) (161,055)
Net assets 78,868 68,682
Capital and reserves
Called up share capital 38,550 38,550
Profit and loss account 40,318 30,132
Shareholders' funds 78,868 68,682
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.
J.Sellers
Director
Approved by the board on 6 September 2024
Westline Publishing 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).
Turnover
Turnover is measured at the fair value of the consideration received or receivable, net of discounts and value added taxes. Turnover consists of revenue earned from the sale of goods and services. Turnover from the sale of goods is recognised when the significant risks and rewards of ownership have transferred to the buyer. Turnover from the sale of services is recognised at the invoice date.
Intangible fixed assets
Intangible fixed assets are measured at cost less accumulative amortisation and any accumulative impairment losses.
Investments
Investments in subsidiaries and associates are measured at cost less any accumulated impairment losses.
Stocks
Stocks are measured at the lower of cost and estimated selling price less costs to complete and sell. Cost is determined using the first in first out method. The carrying amount of stock sold is recognised as an expense in the period in which the related revenue is recognised.
Foreign currency translation
Transactions in foreign currencies are recognised at the rate of exchange at the date of the transaction. At the end of each reporting period foreign monetary items are translated at the closing rate of exchange. All differences are charged to profit or loss.
2 Employees 2023 2022
Number Number
Average number of persons employed by the company 4 3
3 Intangible fixed assets £
Goodwill:
Cost
At 1 January 2023 313,417
At 31 December 2023 313,417
Amortisation
At 1 January 2023 156,287
Provided during the year 19,640
At 31 December 2023 175,927
Net book value
At 31 December 2023 137,490
At 31 December 2022 157,130
4 Investments
Investments in
subsidiary Other
undertakings investments Total
£ £ £
Cost
At 1 January 2023 44,500 4,000 48,500
Additions - (3,875) (3,875)
At 31 December 2023 44,500 125 44,625
5 Debtors 2023 2022
£ £
Trade debtors 26,325 34,200
Other debtors 7,678 6,063
34,003 40,263
6 Creditors: amounts falling due within one year 2023 2022
£ £
Trade creditors 31,701 24,000
Amounts owed to group undertaking 44,748 41,384
Corporation tax 9,156 9,072
Other creditors 50,417 72,998
136,022 147,454
7 Creditors: amounts falling due after one year 2023 2022
£ £
Bank loans 36,659 41,055
Other creditors 108,104 120,000
144,763 161,055
8 Other information
Westline Publishing Ltd is a private company limited by shares and incorporated in England. Its registered office is:
The Old Hen House
St Martins Farm
Zeals
Warminster
BA12 6NZ
Place of business is:
The Old Hen House
St Martin’s Farm
Zeals
Warminster
Wiltshire BA12 6NZ
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