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REGISTERED NUMBER: 06816868 (England and Wales)















UNAUDITED FINANCIAL STATEMENTS FOR THE YEAR ENDED 31ST MARCH 2022

FOR

WESTLINKS JOINERS & LOCKSMITHS LIMITED

WESTLINKS JOINERS & LOCKSMITHS LIMITED (REGISTERED NUMBER: 06816868)






CONTENTS OF THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31ST MARCH 2022




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


WESTLINKS JOINERS & LOCKSMITHS LIMITED

COMPANY INFORMATION
FOR THE YEAR ENDED 31ST MARCH 2022







DIRECTORS: W Ede
S Jackson
S Whitfield





SECRETARY:





REGISTERED OFFICE: 159 Southcoates Avenue
Hull
East Yorkshire
HU9 3HF





REGISTERED NUMBER: 06816868 (England and Wales)





ACCOUNTANTS: Flemingate - Accountancy and Taxation
1 Village Courtyard
High Street
Holme on Spalding Moor
York
North Yorkshire
YO43 4AA

WESTLINKS JOINERS & LOCKSMITHS LIMITED (REGISTERED NUMBER: 06816868)

BALANCE SHEET
31ST MARCH 2022

31.3.22 31.3.21
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 536,712 243,635

CURRENT ASSETS
Stocks 450,000 469,600
Debtors 5 924,604 889,592
1,374,604 1,359,192
CREDITORS
Amounts falling due within one year 6 903,372 838,880
NET CURRENT ASSETS 471,232 520,312
TOTAL ASSETS LESS CURRENT
LIABILITIES

1,007,944

763,947

CREDITORS
Amounts falling due after more than one year 7 (570,597 ) (526,869 )

PROVISIONS FOR LIABILITIES (25,025 ) (16,455 )
NET ASSETS 412,322 220,623

CAPITAL AND RESERVES
Called up share capital 8 10 10
Revaluation reserve 9 148,525 35,085
Retained earnings 263,787 185,528
SHAREHOLDERS' FUNDS 412,322 220,623

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31st March 2022.

The members have not required the company to obtain an audit of its financial statements for the year ended 31st March 2022 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.

WESTLINKS JOINERS & LOCKSMITHS LIMITED (REGISTERED NUMBER: 06816868)

BALANCE SHEET - continued
31ST MARCH 2022


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 Income Statement has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 6th August 2022 and were signed on its behalf by:




W Ede - Director S Jackson - Director




S Whitfield - Director


WESTLINKS JOINERS & LOCKSMITHS LIMITED (REGISTERED NUMBER: 06816868)

NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31ST MARCH 2022

1. STATUTORY INFORMATION

Westlinks Joiners & Locksmiths 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 as modified by the revaluation of certain assets.

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 or, if held under a finance lease, over the lease term, whichever is the shorter.

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

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

Current or deferred 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.

Deferred tax
Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the balance sheet date.

Timing differences arise from the inclusion of income and expenses in tax assessments in periods different from those in which they are recognised in financial statements. Deferred tax is measured using tax rates and laws that have been enacted or substantively enacted by the year end and that are expected to apply to the reversal of the timing difference.

Unrelieved tax losses and other deferred tax assets are recognised only to the extent that it is probable that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits.

Hire purchase and leasing commitments
Assets obtained under hire purchase contracts or finance leases are capitalised in the balance sheet. Those held under hire purchase contracts are depreciated over their estimated useful lives. Those held under finance leases are depreciated over their estimated useful lives or the lease term, whichever is the shorter.

The interest element of these obligations is charged to profit or loss over the relevant period. The capital element of the future payments is treated as a liability.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 60 (2021 - 62 ) .

WESTLINKS JOINERS & LOCKSMITHS LIMITED (REGISTERED NUMBER: 06816868)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31ST MARCH 2022

4. TANGIBLE FIXED ASSETS
Fixtures
Freehold Plant and and Motor
property machinery fittings vehicles Totals
£    £    £    £    £   
COST OR VALUATION
At 1st April 2021 161,361 97,667 13,031 161,982 434,041
Additions 130,199 - - 64,641 194,840
Revaluations 113,440 - - - 113,440
At 31st March 2022 405,000 97,667 13,031 226,623 742,321
DEPRECIATION
At 1st April 2021 - 50,192 7,151 133,063 190,406
Charge for year - 7,121 882 7,200 15,203
At 31st March 2022 - 57,313 8,033 140,263 205,609
NET BOOK VALUE
At 31st March 2022 405,000 40,354 4,998 86,360 536,712
At 31st March 2021 161,361 47,475 5,880 28,919 243,635

Included in cost or valuation of land and buildings is freehold land of £ 405,000 (2021 - £ 0 ) which is not depreciated.

Cost or valuation at 31st March 2022 is represented by:

Fixtures
Freehold Plant and and Motor
property machinery fittings vehicles Totals
£    £    £    £    £   
Valuation in 2022 405,000 - - - 405,000
Cost - 97,667 13,031 226,623 337,321
405,000 97,667 13,031 226,623 742,321

If freehold property had not been revalued it would have been included at the following historical cost:

31.3.22 31.3.21
£    £   
Cost 256,475 -

Freehold property was valued on an open market basis basis on 28th July 2022 by Leonards Chartered Surveyors .

WESTLINKS JOINERS & LOCKSMITHS LIMITED (REGISTERED NUMBER: 06816868)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31ST MARCH 2022

4. TANGIBLE FIXED ASSETS - continued

Fixed assets, included in the above, which are held under hire purchase contracts or finance leases are as follows:
Motor
vehicles
£   
COST OR VALUATION
Additions 57,725
At 31st March 2022 57,725
DEPRECIATION
Charge for year 3,600
At 31st March 2022 3,600
NET BOOK VALUE
At 31st March 2022 54,125

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.3.22 31.3.21
£    £   
Trade debtors 646,989 608,294
Other debtors - 61,901
Directors' current accounts 202,290 154,594
Prepayments 75,325 64,803
924,604 889,592

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.3.22 31.3.21
£    £   
Bank loans and overdrafts 302,388 66,933
Trade creditors 328,686 384,375
Tax 68,317 43,162
Social security and other taxes 30,580 11,235
VAT 170,922 330,696
Accrued expenses 2,479 2,479
903,372 838,880

7. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR
31.3.22 31.3.21
£    £   
Bank loans - 1-2 years 193,128 79,839
Bank loans - 2-5 years 377,469 447,030
570,597 526,869

WESTLINKS JOINERS & LOCKSMITHS LIMITED (REGISTERED NUMBER: 06816868)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31ST MARCH 2022

8. CALLED UP SHARE CAPITAL


Allotted, issued and fully paid:
Number: Class: Nominal 31.3.22 31.3.21
value: £    £   
20,010 Ordinary £1 10 10

9. RESERVES
Revaluation
reserve
£   
At 1st April 2021 35,085
Property revaluation 113,440

At 31st March 2022 148,525

10. RELATED PARTY DISCLOSURES

Throughout the course of the period the company transacted with the directors by way on interest free loan account. The transactions were as follows:-

Mr W Ede
The balance owing to the director at the balance sheet date was £ 85,329

Mr S Jackson
The balance owing to the director at the balance sheet date was £ 85,445

Mr S Whitfield
The balance owing to the director at the balance sheet date was £ 31,516


Dividends were voted after the year end date to cover the above amounts.

11. ULTIMATE CONTROLLING PARTY

The ultimate controlling party are the director's who own 100% of the issued share capital.