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REGISTERED NUMBER: 04157987 (England and Wales)















Abridged Financial Statements for the Year Ended 31 December 2023

for

WEST COUNTRY ACCOUNTING SERVICES LIMITED

WEST COUNTRY ACCOUNTING SERVICES LIMITED (REGISTERED NUMBER: 04157987)






Contents of the Financial Statements
for the Year Ended 31 December 2023




Page

Company Information 1

Abridged Balance Sheet 2

Notes to the Financial Statements 4


WEST COUNTRY ACCOUNTING SERVICES LIMITED

Company Information
for the Year Ended 31 December 2023







DIRECTOR: L J Levan BSc FCA





SECRETARY: Miss A C Levan





REGISTERED OFFICE: 5 Anglo Office Park
Bristol
BS15 1NT





REGISTERED NUMBER: 04157987 (England and Wales)





ACCOUNTANTS: West Country Accounting Services Limited
Chartered Accountants
BS15 1NT

WEST COUNTRY ACCOUNTING SERVICES LIMITED (REGISTERED NUMBER: 04157987)

Abridged Balance Sheet
31 December 2023

2023 2022
Notes £    £    £    £   
FIXED ASSETS
Intangible assets 4 174,000 174,000
Tangible assets 5 2,090 2,132
176,090 176,132

CURRENT ASSETS
Debtors 14,877 19,084
Cash at bank and in hand 240,490 239,265
255,367 258,349
CREDITORS
Amounts falling due within one year (14,256 ) 6,254
NET CURRENT ASSETS 269,623 252,095
TOTAL ASSETS LESS CURRENT
LIABILITIES

445,713

428,227

CREDITORS
Amounts falling due after more than one year 60,812 60,812
NET ASSETS 384,901 367,415

CAPITAL AND RESERVES
Called up share capital 110 110
Retained earnings 6 384,791 367,305
SHAREHOLDERS' FUNDS 384,901 367,415

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

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

The director acknowledges his 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.

WEST COUNTRY ACCOUNTING SERVICES LIMITED (REGISTERED NUMBER: 04157987)

Abridged Balance Sheet - continued
31 December 2023


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

All the members have consented to the preparation of an abridged Income Statement and an abridged Balance Sheet for the year ended 31 December 2023 in accordance with Section 444(2A) of the Companies Act 2006.

In accordance with Section 444 of the Companies Act 2006, the Income Statement has not been delivered.

The financial statements were approved by the director and authorised for issue on 26 September 2024 and were signed by:





L J Levan BSc FCA - Director


WEST COUNTRY ACCOUNTING SERVICES LIMITED (REGISTERED NUMBER: 04157987)

Notes to the Financial Statements
for the Year Ended 31 December 2023

1. STATUTORY INFORMATION

WEST COUNTRY ACCOUNTING 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.

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 is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes.

Goodwill
Professional goodwill on the acquisition of accountancy practices is not amortised on the grounds that the value is expected to be in excess of the stated amount.

Intangible assets
Intangible assets are initially measured at cost. After initial recognition, intangible assets are measured at cost less any accumulated amortisation and any accumulated impairment losses.

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 - 15% on reducing balance
Computer equipment - 20% on reducing balance

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 NIL (2022 - 5 ).

4. INTANGIBLE FIXED ASSETS
Totals
£   
COST
At 1 January 2023
and 31 December 2023 174,000
NET BOOK VALUE

At 31 December 2023 174,000
At 31 December 2022 174,000

Cost of professional goodwill on acquisition of accountancy practices.

WEST COUNTRY ACCOUNTING SERVICES LIMITED (REGISTERED NUMBER: 04157987)

Notes to the Financial Statements - continued
for the Year Ended 31 December 2023

5. TANGIBLE FIXED ASSETS
Totals
£   
COST
At 1 January 2023 14,859
Additions 357
At 31 December 2023 15,216
DEPRECIATION
At 1 January 2023 12,727
Charge for year 399
At 31 December 2023 13,126
NET BOOK VALUE
At 31 December 2023 2,090
At 31 December 2022 2,132

6. RESERVES
Retained
earnings
£   

At 1 January 2023 367,305
Profit for the year 19,436
Dividends (1,950 )
At 31 December 2023 384,791