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REGISTERED NUMBER: SC257314 (Scotland)











Unaudited Financial Statements

for the Year Ended 31 March 2023

for

Westhill Cars Limited

Westhill Cars Limited (Registered number: SC257314)






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


Westhill Cars Limited

Company Information
for the year ended 31 March 2023







DIRECTOR: D H Mennie





SECRETARY: D H Mennie





REGISTERED OFFICE: Enterprise Drive
Westhill Industrial Estate
Westhill
Aberdeenshire
AB32 6TQ





REGISTERED NUMBER: SC257314 (Scotland)





ACCOUNTANTS: Grampian Accounting
3 Prospect Place
Arnhall Business Park
Westhill
Aberdeenshire
AB32 6SY

Westhill Cars Limited (Registered number: SC257314)

Balance Sheet
31 March 2023

31.3.23 31.3.22
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 38,294 24,696

CURRENT ASSETS
Stocks 542,637 550,084
Debtors 5 135,968 3,665
678,605 553,749
CREDITORS
Amounts falling due within one year 6 176,347 169,033
NET CURRENT ASSETS 502,258 384,716
TOTAL ASSETS LESS CURRENT
LIABILITIES

540,552

409,412

CREDITORS
Amounts falling due after more than one
year

7

17,638

30,770
NET ASSETS 522,914 378,642

CAPITAL AND RESERVES
Called up share capital 50 50
Capital redemption reserve 50 50
Retained earnings 522,814 378,542
522,914 378,642

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.

Westhill Cars Limited (Registered number: SC257314)

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 5 October 2023 and were signed by:





D H Mennie - Director


Westhill Cars Limited (Registered number: SC257314)

Notes to the Financial Statements
for the year ended 31 March 2023

1. STATUTORY INFORMATION

Westhill Cars 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.

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.

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 7 (2022 - 6 ) .

Westhill Cars Limited (Registered number: SC257314)

Notes to the Financial Statements - continued
for the year ended 31 March 2023

4. TANGIBLE FIXED ASSETS
Plant and
machinery
etc
£   
COST
At 1 April 2022 111,603
Additions 23,123
At 31 March 2023 134,726
DEPRECIATION
At 1 April 2022 86,907
Charge for year 9,525
At 31 March 2023 96,432
NET BOOK VALUE
At 31 March 2023 38,294
At 31 March 2022 24,696

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.3.23 31.3.22
£    £   
Other debtors 135,968 3,665

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.3.23 31.3.22
£    £   
Bank loans and overdrafts 79,489 51,827
Hire purchase contracts 4,410 1,882
Trade creditors 44,154 23,284
Taxation and social security 38,371 83,077
Other creditors 9,923 8,963
176,347 169,033

7. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
31.3.23 31.3.22
£    £   
Bank loans - 30,770
Hire purchase contracts 17,638 -
17,638 30,770