REGISTERED NUMBER: |
UNAUDITED FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 JANUARY 2024 |
FOR |
WESTONGATE LTD |
REGISTERED NUMBER: |
UNAUDITED FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 JANUARY 2024 |
FOR |
WESTONGATE LTD |
WESTONGATE LTD (REGISTERED NUMBER: 11757128) |
CONTENTS OF THE FINANCIAL STATEMENTS |
for the Year Ended 31 January 2024 |
Page |
Company Information | 1 |
Balance Sheet | 2 |
Notes to the Financial Statements | 3 |
WESTONGATE LTD |
COMPANY INFORMATION |
for the Year Ended 31 January 2024 |
DIRECTORS: |
SECRETARY: |
REGISTERED OFFICE: |
REGISTERED NUMBER: |
ACCOUNTANTS: |
Block E, 2nd Floor |
286a Chase Road |
Southgate |
London |
N14 6HF |
WESTONGATE LTD (REGISTERED NUMBER: 11757128) |
BALANCE SHEET |
31 January 2024 |
31.1.24 | 31.1.23 |
Notes | £ | £ | £ | £ |
FIXED ASSETS |
Tangible assets | 4 |
CURRENT ASSETS |
Debtors | 5 |
Cash at bank |
CREDITORS |
Amounts falling due within one year | 6 |
NET CURRENT ASSETS |
TOTAL ASSETS LESS CURRENT LIABILITIES |
CAPITAL AND RESERVES |
Called up share capital |
Retained earnings |
The directors acknowledge their 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 were approved by the Board of Directors and authorised for issue on |
WESTONGATE LTD (REGISTERED NUMBER: 11757128) |
NOTES TO THE FINANCIAL STATEMENTS |
for the Year Ended 31 January 2024 |
1. | STATUTORY INFORMATION |
Westongate Ltd is a |
2. | ACCOUNTING POLICIES |
Basis of preparing the financial statements |
The company commenced trading on 1st February 2021. |
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 |
Computer equipment - 33% reducing balance |
Fixtures and fittings - 20% reducing balance |
3. | EMPLOYEES AND DIRECTORS |
The average number of employees during the year was |
4. | TANGIBLE FIXED ASSETS |
Plant and |
machinery |
etc |
£ |
COST |
At 1 February 2023 |
Additions |
At 31 January 2024 |
DEPRECIATION |
At 1 February 2023 |
Charge for year |
At 31 January 2024 |
NET BOOK VALUE |
At 31 January 2024 |
At 31 January 2023 |
WESTONGATE LTD (REGISTERED NUMBER: 11757128) |
NOTES TO THE FINANCIAL STATEMENTS - continued |
for the Year Ended 31 January 2024 |
5. | DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR |
31.1.24 | 31.1.23 |
£ | £ |
Trade debtors |
Other debtors |
6. | CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR |
31.1.24 | 31.1.23 |
£ | £ |
Bank loans and overdrafts |
Trade creditors |
Taxation and social security |
Other creditors |
7. | RELATED PARTY DISCLOSURES |
A) Mr Ben Warnes, a director in the reporting company, is the sole proprietor in a business, Ben Wanes t/a Westongate. |
The reporting company is owed £84,223 (2023 - £ 3,928) by Ben Warnes t/a Westongate at the balance sheet date. The total transactions for the year ended 31.01.2024 are as follows:- |
31.01.24 | 31.01.23 |
£ | £ |
Loans | 29,695 | (13,872 | ) |
Gross Sales | 122,040 | 86,400 |
Receipts for Gross Sales | (71,440 | ) | (72,000 | ) |
Other transactions | - | - |
B) LMA Coaching Ltd is a company wholly owned by Mr B. Warnes and Mrs C. Warnes, who are also directors of the reporting company. |
The reporting company is owed £4,600 (2023 - £2,814) by LMA Coaching Ltd and is shown in debtors falling due within one year. |
C) Mrs Charlotte Warnes, a director in the reporting company, is also the sole director of Charlotte Warnes Interiors Ltd. |
The reporting company owes Charlotte Warnes Interiors Ltd £20,000 (2023 - £20,000) at the balance sheet date. This amount is shown in creditors due within one year. |