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REGISTERED NUMBER: 06041730 (England and Wales)















WESTBROOK FINANCIAL SERVICES LTD

UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 MARCH 2024






WESTBROOK FINANCIAL SERVICES LTD (REGISTERED NUMBER: 06041730)






CONTENTS OF THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2024




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 3


WESTBROOK FINANCIAL SERVICES LTD

COMPANY INFORMATION
FOR THE YEAR ENDED 31 MARCH 2024







DIRECTOR: M L Sanguigni





SECRETARY: Mrs A C Sanguigni





REGISTERED OFFICE: 3 Cecil Square
Margate
Kent
CT9 1BD





REGISTERED NUMBER: 06041730 (England and Wales)





ACCOUNTANTS: Spurling Cannon
King Arthur’s Court
Maidstone Road
Charing
Kent
TN27 0JS

WESTBROOK FINANCIAL SERVICES LTD (REGISTERED NUMBER: 06041730)

BALANCE SHEET
31 MARCH 2024

2024 2023
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 4,252 8,599

CURRENT ASSETS
Debtors 5 109,833 39,578
Cash at bank 176,810 233,473
286,643 273,051
CREDITORS
Amounts falling due within one year 6 230,148 202,147
NET CURRENT ASSETS 56,495 70,904
TOTAL ASSETS LESS CURRENT
LIABILITIES

60,747

79,503

CAPITAL AND RESERVES
Called up share capital 7 120 120
Retained earnings 8 60,627 79,383
SHAREHOLDERS' FUNDS 60,747 79,503

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 March 2024.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 March 2024 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.

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 Statement of Income and Retained Earnings has not been delivered.

The financial statements were approved by the director and authorised for issue on 25 April 2024 and were signed by:





M L Sanguigni - Director


WESTBROOK FINANCIAL SERVICES LTD (REGISTERED NUMBER: 06041730)

NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2024

1. STATUTORY INFORMATION

Westbrook Financial Services Ltd 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.

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

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

Current 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.

Pension costs and other post-retirement benefits
The company operates a defined contribution pension scheme. Contributions payable to the company's pension scheme are charged to profit or loss in the period to which they relate.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 4 (2023 - 4 ) .

WESTBROOK FINANCIAL SERVICES LTD (REGISTERED NUMBER: 06041730)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 MARCH 2024

4. TANGIBLE FIXED ASSETS
Plant and Fixture & Computer
machinery Fittings equipment Totals
£    £    £    £   
COST
At 1 April 2023
and 31 March 2024 11,598 2,012 34,409 48,019
DEPRECIATION
At 1 April 2023 6,705 1,451 31,264 39,420
Charge for year 1,223 140 2,984 4,347
At 31 March 2024 7,928 1,591 34,248 43,767
NET BOOK VALUE
At 31 March 2024 3,670 421 161 4,252
At 31 March 2023 4,893 561 3,145 8,599

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Trade debtors 26,433 16,203
Sundry debtors 83,400 23,375
109,833 39,578

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Trade creditors 10,720 8,270
Corporation Tax 16,096 12,573
Social security and other taxes 481 347
Pension 432 414
Sundry creditors 25,904 35,601
Directors' current accounts 175,220 143,647
Accrued expenses 1,295 1,295
230,148 202,147

7. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 2024 2023
value: £    £   
100 Ordinary £1 100 100
20 B share £1 20 20
120 120

WESTBROOK FINANCIAL SERVICES LTD (REGISTERED NUMBER: 06041730)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 MARCH 2024

8. RESERVES
Retained
earnings
£   

At 1 April 2023 79,383
Profit for the year 53,244
Dividends (72,000 )
At 31 March 2024 60,627