REGISTERED NUMBER: 04157987 (England and Wales)

Financial Statements for the Year Ended 31 December 2024

for

WEST COUNTRY ACCOUNTING SERVICES LIMITED

Page

Company Information

1

Abridged Balance Sheet

2

Notes to the Financial Statements

4

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

FIXED ASSETS

Intangible assets

4

174,000

174,000

Tangible assets

5

2,259

2,090

176,259

176,090

CURRENT ASSETS

Debtors

25,888

14,877

Cash at bank and in hand

242,535

240,490

268,423

255,367

CREDITORS

Amounts falling due within one year

(25,071

)

(8,865

)

NET CURRENT ASSETS

293,494

264,232

TOTAL ASSETS LESS CURRENT LIABILITIES

469,753

440,322

CREDITORS

Amounts falling due after more than one year

60,812

60,812

NET ASSETS

408,941

379,510

CAPITAL AND RESERVES

Called up share capital

110

110

Retained earnings

6

408,831

379,400

SHAREHOLDERS' FUNDS

408,941

379,510

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

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

All the members have consented to the preparation of an abridged Income Statement and an abridged Balance Sheet for the year ended 31 December 2024 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 31 August 2525 and were signed by:

L J Levan BSc FCA - Director

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 5 (2023 - 5 ) .

4.	INTANGIBLE FIXED ASSETS

Totals

£

COST

At 1 January 2024

and 31 December 2024

174,000

NET BOOK VALUE

At 31 December 2024

174,000

At 31 December 2023

174,000

Cost of professional goodwill on acquisition of accountancy practices.

5.	TANGIBLE FIXED ASSETS

Totals

£

COST

At 1 January 2024

15,216

Additions

645

At 31 December 2024

15,861

DEPRECIATION

At 1 January 2024

13,126

Charge for year

476

At 31 December 2024

13,602

NET BOOK VALUE

At 31 December 2024

2,259

At 31 December 2023

2,090

6.

RESERVES

Retained

earnings

£

At 1 January 2024

379,400

Profit for the year

30,711

Dividends

(1,280

)

At 31 December 2024

408,831