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REGISTERED NUMBER: SC588644 (Scotland)















Unaudited Financial Statements for the Year Ended 31 March 2023

for

WESTWOOD JOINERS LIMITED

WESTWOOD JOINERS LIMITED (REGISTERED NUMBER: SC588644)

Contents of the Financial Statements
for the Year Ended 31 March 2023










Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


WESTWOOD JOINERS LIMITED

Company Information
for the Year Ended 31 March 2023







DIRECTOR: L Cowie





REGISTERED OFFICE: 5 Carden Place
Aberdeen
AB10 1UT





REGISTERED NUMBER: SC588644 (Scotland)






WESTWOOD JOINERS LIMITED (REGISTERED NUMBER: SC588644)

Balance Sheet
31 March 2023

2023 2022
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 17,345 3,475

CURRENT ASSETS
Debtors 5 14,002 5,779
Cash at bank 7,765 23,431
21,767 29,210
CREDITORS
Amounts falling due within one year 6 15,192 12,902
NET CURRENT ASSETS 6,575 16,308
TOTAL ASSETS LESS CURRENT
LIABILITIES

23,920

19,783

CREDITORS
Amounts falling due after more than one
year

7

24,542

19,345
NET (LIABILITIES)/ASSETS (622 ) 438

CAPITAL AND RESERVES
Called up share capital 1 1
Retained earnings (623 ) 437
(622 ) 438

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 March 2023.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 March 2023 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.

WESTWOOD JOINERS LIMITED (REGISTERED NUMBER: SC588644)

Balance Sheet - continued
31 March 2023


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 director and authorised for issue on 27 July 2023 and were signed by:





L Cowie - Director


WESTWOOD JOINERS LIMITED (REGISTERED NUMBER: SC588644)

Notes to the Financial Statements
for the Year Ended 31 March 2023


1. STATUTORY INFORMATION

Westwood Joiners Limited is a private company, limited by shares , registered in Scotland. 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.

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 cost
Motor vehicles - 25% on reducing balance

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.

Pension costs and other post-retirement benefits
The company operates a defined contribution pension scheme. Contributions payable to the company's pension scheme are charged to profit or loss in the period to which they relate.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 1 (2022 - 1 ) .

WESTWOOD JOINERS LIMITED (REGISTERED NUMBER: SC588644)

Notes to the Financial Statements - continued
for the Year Ended 31 March 2023


4. TANGIBLE FIXED ASSETS
Plant and Motor
machinery vehicles Totals
£    £    £   
COST
At 1 April 2022 1,344 8,375 9,719
Additions - 18,315 18,315
Disposals - (8,375 ) (8,375 )
At 31 March 2023 1,344 18,315 19,659
DEPRECIATION
At 1 April 2022 519 5,725 6,244
Charge for year 269 1,526 1,795
Eliminated on disposal - (5,725 ) (5,725 )
At 31 March 2023 788 1,526 2,314
NET BOOK VALUE
At 31 March 2023 556 16,789 17,345
At 31 March 2022 825 2,650 3,475

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Trade debtors - 910
Other debtors 14,002 4,869
14,002 5,779

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Bank loans and overdrafts 6,389 6,389
Hire purchase contracts 2,935 -
Trade creditors - 1,067
Taxation and social security 5,098 5,446
Other creditors 770 -
15,192 12,902

7. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
2023 2022
£    £   
Bank loans 13,534 19,345
Hire purchase contracts 11,008 -
24,542 19,345

WESTWOOD JOINERS LIMITED (REGISTERED NUMBER: SC588644)

Notes to the Financial Statements - continued
for the Year Ended 31 March 2023


8. DIRECTOR'S ADVANCES, CREDITS AND GUARANTEES

The following advances and credits to a director subsisted during the years ended 31 March 2023 and 31 March 2022:

2023 2022
£    £   
L Cowie
Balance outstanding at start of year 4,869 3,658
Amounts advanced 7,738 4,478
Amounts repaid (2,138 ) (3,267 )
Amounts written off - -
Amounts waived - -
Balance outstanding at end of year 10,469 4,869

9. ULTIMATE CONTROLLING PARTY

The controlling party is L Cowie.