REGISTERED NUMBER: 00180109 (England and Wales)

UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED

30 SEPTEMBER 2017

FOR

A.G. WESTMORELAND & CO. LIMITED

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

4

DIRECTORS:

Mr C S Westmoreland

Mr B G Westmoreland

SECRETARIES:

Mr B G Westmoreland

Mr B G Westmoreland

REGISTERED OFFICE:

T/A Dexter Products

Llanerch Industrial Estate

Llanerch Road

Llanfairfechan

Conwy

LL33 0EB

REGISTERED NUMBER:

00180109 (England and Wales)

ACCOUNTANTS:

Williams Denton Cyf

Chartered Certified Accountants

13 Trinity Square

Llandudno

United Kingdom

Conwy

LL30 2RB

FIXED ASSETS

Tangible assets

4

62,941

64,943

CURRENT ASSETS

Stocks

8,200

8,200

Debtors

5

13,611

70,083

Cash at bank

143,146

90,987

164,957

169,270

CREDITORS

Amounts falling due within one year

6

14,942

31,228

NET CURRENT ASSETS

150,015

138,042

TOTAL ASSETS LESS CURRENT LIABILITIES

212,956

202,985

CREDITORS

Amounts falling due after more than one year

7

38,653

31,314

NET ASSETS

174,303

171,671

CAPITAL AND RESERVES

Called up share capital

1,000

1,000

Revaluation reserve

8

24,326

24,326

Retained earnings

148,977

146,345

SHAREHOLDERS' FUNDS

174,303

171,671

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 30 September 2017.

The members have not required the company to obtain an audit of its financial statements for the year ended 30 September 2017 in accordance with Section 476 of the Companies Act 2006.

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 have been prepared and delivered in accordance with the provisions of Part 15 of the Companies Act 2006 relating to small companies.

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

The financial statements were approved by the Board of Directors on 11 June 2018 and were signed on its behalf by:

Mr C S Westmoreland - Director

1.	STATUTORY INFORMATION

A.G. Westmoreland & Co. 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 the provisions of Section 1A "Small Entities" of Financial Reporting Standard 102 "The Financial Reporting Standard applicable in the UK and Republic of Ireland" 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.

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.

Patents and licences have been fully amortised in the current year.

Intangible assets

Intangible assets are reviewed by the directors on an annual basis for any impairment.

Stocks

Stocks are valued at the lower of cost and net realisable value, after making due allowance for obsolete and slow

moving items.

Foreign currencies

Assets and liabilities in foreign currencies are translated into sterling at the rates of exchange ruling at the

balance sheet date. Transactions in foreign currencies are translated into sterling at the rate of exchange ruling at

the date of transaction. Exchange differences are taken into account in arriving at the operating result.

3.	EMPLOYEES AND DIRECTORS

The average number of employees during the year was 2 .

4.	TANGIBLE FIXED ASSETS

Plant and

Land and

machinery

buildings

etc

Totals

£

£

£

COST

At 1 October 2016

and 30 September 2017

55,291

175,768

231,059

DEPRECIATION

At 1 October 2016

-

166,116

166,116

Charge for year

-

2,002

2,002

At 30 September 2017

-

168,118

168,118

NET BOOK VALUE

At 30 September 2017

55,291

7,650

62,941

At 30 September 2016

55,291

9,652

64,943

5.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

30.9.17

30.9.16

£

£

Trade debtors

12,114

12,745

Other debtors

1,497

57,338

13,611

70,083

6.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

30.9.17

30.9.16

£

£

Trade creditors

4,785

4,718

Taxation and social security

7,907

11,460

Other creditors

2,250

15,050

14,942

31,228

7.

CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR

30.9.17

30.9.16

£

£

Other creditors

38,653

31,314

8.

RESERVES

Revaluation

reserve

£

At 1 October 2016

and 30 September 2017

24,326

9.	FIRST YEAR ADOPTION

These financial statements for the year ended 30 September 2017 are the first financial statements that comply

with FRS 102 Section 1A small entities. The date of transition is 1 October 2016.

The transition to FRS 102 Section 1A small entities has resulted in no significant changes in accounting policies

to those used previously.