IRIS Accounts Production v22.1.4.3 04487030 Board of Directors 1.12.20 30.11.21 30.11.21 false true false false false true false Ordinary 1.00000 Ordinary 1.00000 iso4217:GBPiso4217:USDiso4217:EURxbrli:sharesxbrli:pure044870302020-11-30044870302021-11-30044870302020-12-012021-11-30044870302019-11-30044870302019-12-012020-11-30044870302020-11-3004487030ns16:EnglandWales2020-12-012021-11-3004487030ns15:PoundSterling2020-12-012021-11-3004487030ns11:Director12020-12-012021-11-3004487030ns11:PrivateLimitedCompanyLtd2020-12-012021-11-3004487030ns11:SmallEntities2020-12-012021-11-3004487030ns11:AuditExempt-NoAccountantsReport2020-12-012021-11-3004487030ns11:SmallCompaniesRegimeForDirectorsReport2020-12-012021-11-3004487030ns11:SmallCompaniesRegimeForAccounts2020-12-012021-11-3004487030ns11:AbridgedAccounts2020-12-012021-11-300448703012020-12-012021-11-3004487030ns11:OrdinaryShareClass12020-12-012021-11-3004487030ns11:Director22020-12-012021-11-3004487030ns11:RegisteredOffice2020-12-012021-11-3004487030ns6:CurrentFinancialInstruments2021-11-3004487030ns6:CurrentFinancialInstruments2020-11-3004487030ns6:Non-currentFinancialInstruments2021-11-3004487030ns6:Non-currentFinancialInstruments2020-11-3004487030ns6:ShareCapital2021-11-3004487030ns6:ShareCapital2020-11-3004487030ns6:RetainedEarningsAccumulatedLosses2021-11-3004487030ns6:RetainedEarningsAccumulatedLosses2020-11-3004487030ns6:IntangibleAssetsOtherThanGoodwill2020-12-012021-11-3004487030ns6:PlantMachinery2020-12-012021-11-3004487030ns6:FurnitureFittings2020-12-012021-11-3004487030ns6:MotorVehicles2020-12-012021-11-3004487030ns6:ComputerEquipment2020-12-012021-11-3004487030ns6:WithinOneYearns6:CurrentFinancialInstruments2021-11-3004487030ns6:WithinOneYearns6:CurrentFinancialInstruments2020-11-3004487030ns6:BetweenOneTwoYearsns6:Non-currentFinancialInstruments2021-11-3004487030ns6:BetweenOneTwoYearsns6:Non-currentFinancialInstruments2020-11-3004487030ns6:BetweenTwoFiveYearsns6:Non-currentFinancialInstruments2021-11-3004487030ns6:BetweenTwoFiveYearsns6:Non-currentFinancialInstruments2020-11-3004487030ns6:Secured2021-11-3004487030ns6:Secured2020-11-3004487030ns6:DeferredTaxation2020-11-3004487030ns6:DeferredTaxation2020-12-012021-11-3004487030ns6:DeferredTaxation2021-11-3004487030ns11:OrdinaryShareClass12021-11-30
REGISTERED NUMBER: 04487030 (England and Wales)















Westcoast Imports Limited

Unaudited Financial Statements for the Year Ended 30 November 2021






Westcoast Imports Limited (Registered number: 04487030)






Contents of the Financial Statements
for the Year Ended 30 November 2021




Page

Company Information 1

Abridged Statement of Financial Position 2

Notes to the Financial Statements 4


Westcoast Imports Limited

Company Information
for the Year Ended 30 November 2021







DIRECTORS: J M Jones
G B Jones



REGISTERED OFFICE: Unit 4a
Hawksfield Road
Minehead
Somerset
TA24 5BZ



REGISTERED NUMBER: 04487030 (England and Wales)



ACCOUNTANTS: Maxwells
Chartered Accountants
4 King Square
Bridgwater
Somerset
TA6 3YF



BANKERS: National Westminster Bank plc
9 The Parade
Minehead
Somerset
TA24 5LT

Westcoast Imports Limited (Registered number: 04487030)

Abridged Statement of Financial Position
30 November 2021

30.11.21 30.11.20
Notes £    £    £    £   
FIXED ASSETS
Intangible assets 5 - -
Tangible assets 6 58,034 65,618
58,034 65,618

CURRENT ASSETS
Stocks 422,372 420,224
Debtors 17,602 50,792
Cash at bank and in hand 62,819 98,154
502,793 569,170
CREDITORS
Amounts falling due within one year 79,767 65,769
NET CURRENT ASSETS 423,026 503,401
TOTAL ASSETS LESS CURRENT
LIABILITIES

481,060

569,019

CREDITORS
Amounts falling due after more than one
year

(10,125

)

(12,141

)

PROVISIONS FOR LIABILITIES 9 (4,086 ) (7,454 )
NET ASSETS 466,849 549,424

CAPITAL AND RESERVES
Called up share capital 10 2 2
Retained earnings 466,847 549,422
SHAREHOLDERS' FUNDS 466,849 549,424

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 30 November 2021.

The members have not required the company to obtain an audit of its financial statements for the year ended 30 November 2021 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.

Westcoast Imports Limited (Registered number: 04487030)

Abridged Statement of Financial Position - continued
30 November 2021


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 Statement of Financial Position for the year ended 30 November 2021 in accordance with Section 444(2A) of the Companies Act 2006.

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

The financial statements were approved by the Board of Directors and authorised for issue on 18 August 2022 and were signed on its behalf by:





G B Jones - Director


Westcoast Imports Limited (Registered number: 04487030)

Notes to the Financial Statements
for the Year Ended 30 November 2021

1. STATUTORY INFORMATION

Westcoast Imports 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. STATEMENT OF COMPLIANCE

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.

3. ACCOUNTING POLICIES

Basis of preparing the financial statements
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.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Plant and machinery - 20% on reducing balance
Fixtures and fittings - 10% on reducing balance
Motor vehicles - 20% on reducing balance
Computer equipment - 10% on reducing balance

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

Cost is calculated using the first-in, first-out method and includes all purchase, transport, and handling costs in bringing stocks to their present location and condition.

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 statement of financial position date.

Deferred tax
Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the statement of financial position 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.

Westcoast Imports Limited (Registered number: 04487030)

Notes to the Financial Statements - continued
for the Year Ended 30 November 2021

4. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 2 (2020 - 2 ) .

5. INTANGIBLE FIXED ASSETS
Totals
£   
COST
At 1 December 2020
and 30 November 2021 59,763
AMORTISATION
At 1 December 2020
and 30 November 2021 59,763
NET BOOK VALUE

At 30 November 2021 -
At 30 November 2020 -

6. TANGIBLE FIXED ASSETS
Totals
£   
COST
At 1 December 2020
and 30 November 2021 104,774
DEPRECIATION
At 1 December 2020 39,156
Charge for year 7,584
At 30 November 2021 46,740
NET BOOK VALUE
At 30 November 2021 58,034
At 30 November 2020 65,618

7. LOANS

An analysis of the maturity of loans is given below:

30.11.21 30.11.20
£    £   
Amounts falling due within one year or on demand:
Bank loans 2,627 2,627

Amounts falling due between one and two years:
Bank loans 2,627 2,627

Amounts falling due between two and five years:
Bank loans 7,498 9,514

Westcoast Imports Limited (Registered number: 04487030)

Notes to the Financial Statements - continued
for the Year Ended 30 November 2021

8. SECURED DEBTS

The following secured debts are included within creditors:

30.11.21 30.11.20
£    £   
Bank loans 12,752 -

9. PROVISIONS FOR LIABILITIES
30.11.21 30.11.20
£    £   
Deferred tax 4,086 7,454

Deferred
tax
£   
Balance at 1 December 2020 7,454
Credit to Income Statement during year (3,368 )
Balance at 30 November 2021 4,086

10. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 30.11.21 30.11.20
value: £    £   
2 Ordinary £1 2 2