FINANCE WESTCOUNTRY LIMITED

Company Registration Number:
08264056 (England and Wales)

Unaudited statutory accounts for the year ended 31 October 2024

Period of accounts

Start date: 1 November 2023

End date: 31 October 2024

FINANCE WESTCOUNTRY LIMITED

Contents of the Financial Statements

for the Period Ended 31 October 2024

Balance sheet
Additional notes
Balance sheet notes

FINANCE WESTCOUNTRY LIMITED

Balance sheet

As at 31 October 2024

Notes 2024 2023


£
£
Fixed assets
Tangible assets: 3 7,182 7,834
Total fixed assets: 7,182 7,834
Current assets
Debtors: 4 39,433 49,933
Cash at bank and in hand: 2,312 2,266
Total current assets: 41,745 52,199
Creditors: amounts falling due within one year: 5 ( 20,339 ) ( 25,603 )
Net current assets (liabilities): 21,406 26,596
Total assets less current liabilities: 28,588 34,430
Creditors: amounts falling due after more than one year: 6 ( 21,565 ) ( 25,984 )
Provision for liabilities: 0 ( 1,104 )
Total net assets (liabilities): 7,023 7,342
Capital and reserves
Called up share capital: 100 100
Profit and loss account: 6,923 7,242
Total Shareholders' funds: 7,023 7,342

The notes form part of these financial statements

FINANCE WESTCOUNTRY LIMITED

Balance sheet statements

For the year ending 31 October 2024 the company was entitled to exemption under section 477 of the Companies Act 2006 relating to small companies.

The members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.

The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.

These accounts have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime.

The directors have chosen not to file a copy of the company's profit and loss account.

This report was approved by the board of directors on 29 October 2025
and signed on behalf of the board by:

Name: Mr S Beck
Status: Director

The notes form part of these financial statements

FINANCE WESTCOUNTRY LIMITED

Notes to the Financial Statements

for the Period Ended 31 October 2024

  • 1. Accounting policies

    Basis of measurement and preparation

    These financial statements have been prepared in accordance with the provisions of Section 1A (Small Entities) of Financial Reporting Standard 102

    Turnover policy

    Turnover comprises commissions and fees receivable.

    Tangible fixed assets depreciation policy

    Depreciation is calculated so as to write off the cost or valuation of an asset, less its residual value, over the useful economic life of that asset as follows: Office Equipment-20% reducing balance

    Other accounting policies

    The taxation expense represents the aggregate amount of current and deferred tax recognised in the reporting period. Tax is recognised in profit or loss, except to the extent that it relates to items recognised in other comprehensive income or directly in equity. In this case, tax is recognised in other comprehensive income or directly in equity, respectively.

FINANCE WESTCOUNTRY LIMITED

Notes to the Financial Statements

for the Period Ended 31 October 2024

  • 2. Employees

    2024 2023
    Average number of employees during the period 2 3

FINANCE WESTCOUNTRY LIMITED

Notes to the Financial Statements

for the Period Ended 31 October 2024

3. Tangible assets

Land & buildings Plant & machinery Fixtures & fittings Office equipment Motor vehicles Total
Cost £ £ £ £ £ £
At 1 November 2023 31,943 31,943
Additions 1,143 1,143
Disposals
Revaluations
Transfers
At 31 October 2024 33,086 33,086
Depreciation
At 1 November 2023 24,109 24,109
Charge for year 1,795 1,795
On disposals
Other adjustments
At 31 October 2024 25,904 25,904
Net book value
At 31 October 2024 7,182 7,182
At 31 October 2023 7,834 7,834

FINANCE WESTCOUNTRY LIMITED

Notes to the Financial Statements

for the Period Ended 31 October 2024

4. Debtors

2024 2023
£ £
Trade debtors 32,765 48,348
Other debtors 6,668 1,585
Total 39,433 49,933

FINANCE WESTCOUNTRY LIMITED

Notes to the Financial Statements

for the Period Ended 31 October 2024

5. Creditors: amounts falling due within one year note

2024 2023
£ £
Bank loans and overdrafts 5,154 5,154
Taxation and social security 11,833 17,747
Other creditors 3,352 2,702
Total 20,339 25,603

FINANCE WESTCOUNTRY LIMITED

Notes to the Financial Statements

for the Period Ended 31 October 2024

6. Creditors: amounts falling due after more than one year note

2024 2023
£ £
Bank loans and overdrafts 21,565 25,984
Total 21,565 25,984

FINANCE WESTCOUNTRY LIMITED

Notes to the Financial Statements

for the Period Ended 31 October 2024

7. Loans to directors

The Director's loan account remained in credit throughout the year: it is interest free, unsecured and repayable on demand.