IRIS Accounts Production v23.3.0.418 12454867 Board of Directors 1.4.22 31.3.23 31.3.23 0 0 false true false false false true false iso4217:GBPiso4217:USDiso4217:EURxbrli:sharesxbrli:pure124548672022-03-31124548672023-03-31124548672022-04-012023-03-31124548672021-03-31124548672021-04-012022-03-31124548672022-03-3112454867ns16:EnglandWales2022-04-012023-03-3112454867ns15:PoundSterling2022-04-012023-03-3112454867ns11:Director12022-04-012023-03-3112454867ns11:PrivateLimitedCompanyLtd2022-04-012023-03-3112454867ns11:SmallEntities2022-04-012023-03-3112454867ns11:AuditExempt-NoAccountantsReport2022-04-012023-03-3112454867ns11:SmallCompaniesRegimeForDirectorsReport2022-04-012023-03-3112454867ns11:SmallCompaniesRegimeForAccounts2022-04-012023-03-3112454867ns11:FullAccounts2022-04-012023-03-311245486712022-04-012023-03-3112454867ns11:Director22022-04-012023-03-3112454867ns11:Director32022-04-012023-03-3112454867ns11:RegisteredOffice2022-04-012023-03-3112454867ns6:CurrentFinancialInstruments2023-03-3112454867ns6:CurrentFinancialInstruments2022-03-3112454867ns6:Non-currentFinancialInstruments2023-03-3112454867ns6:Non-currentFinancialInstruments2022-03-3112454867ns6:ShareCapital2023-03-3112454867ns6:ShareCapital2022-03-3112454867ns6:RetainedEarningsAccumulatedLosses2023-03-3112454867ns6:RetainedEarningsAccumulatedLosses2022-03-3112454867ns6:IntangibleAssetsOtherThanGoodwill2022-04-012023-03-3112454867ns6:PlantMachinery2022-04-012023-03-3112454867ns6:FurnitureFittings2022-04-012023-03-3112454867ns6:ComputerEquipment2022-04-012023-03-3112454867ns6:PatentsTrademarksLicencesConcessionsSimilar2022-03-3112454867ns6:PatentsTrademarksLicencesConcessionsSimilar2022-04-012023-03-3112454867ns6:PatentsTrademarksLicencesConcessionsSimilar2023-03-3112454867ns6:PatentsTrademarksLicencesConcessionsSimilar2022-03-3112454867ns6:PlantMachinery2022-03-3112454867ns6:FurnitureFittings2022-03-3112454867ns6:ComputerEquipment2022-03-3112454867ns6:PlantMachinery2023-03-3112454867ns6:FurnitureFittings2023-03-3112454867ns6:ComputerEquipment2023-03-3112454867ns6:PlantMachinery2022-03-3112454867ns6:FurnitureFittings2022-03-3112454867ns6:ComputerEquipment2022-03-3112454867ns6:WithinOneYearns6:CurrentFinancialInstruments2023-03-3112454867ns6:WithinOneYearns6:CurrentFinancialInstruments2022-03-31
REGISTERED NUMBER: 12454867 (England and Wales)















Unaudited Financial Statements for the Year Ended 31 March 2023

for

Western Peak Limited

Western Peak Limited (Registered number: 12454867)






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




Page

Company Information 1

Statement of Financial Position 2

Notes to the Financial Statements 4


Western Peak Limited

Company Information
for the Year Ended 31 March 2023







Directors: T J Gregson
D Jones
T G Shotton





Registered office: Unit 7 Llay Industrial Estate
Llay
Wrexham
LL12 0PJ





Registered number: 12454867 (England and Wales)





Accountants: Ellis & Co
Chartered Accountants
114-120 Northgate Street
Chester
CH1 2HT

Western Peak Limited (Registered number: 12454867)

Statement of Financial Position
31 March 2023

31/3/23 31/3/22
Notes £    £    £    £   
Fixed assets
Intangible assets 4 68 102
Tangible assets 5 17,313 8,872
17,381 8,974

Current assets
Stocks 4,101 3,158
Debtors 6 2,212 5,660
Cash at bank 2,188 1,539
8,501 10,357
Creditors
Amounts falling due within one year 7 28,660 15,774
Net current liabilities (20,159 ) (5,417 )
Total assets less current liabilities (2,778 ) 3,557

Creditors
Amounts falling due after more than
one year

8

15,919

12,667
Net liabilities (18,697 ) (9,110 )

Capital and reserves
Called up share capital 132 132
Retained earnings (18,829 ) (9,242 )
Shareholders' funds (18,697 ) (9,110 )

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 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.

Western Peak Limited (Registered number: 12454867)

Statement of Financial Position - 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 Statement of Income and Retained Earnings has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 15 October 2023 and were signed on its behalf by:





D Jones - Director


Western Peak Limited (Registered number: 12454867)

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

1. Statutory information

Western Peak 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.

Turnover
Revenue from the sale of goods is recognised when the significant risks and rewards of ownership have transferred to the buyer, usually on despatch of the goods; the amount of revenue can be measured reliably; it is probable that the associated economic benefits will flow to the entity and the costs incurred or to be incurred in respect of the transactions can be measured reliably.

Revenue from the rendering of services is measured by reference to the stage of completion of the service transaction at the end of the reporting period provided that the outcome can be reliably estimated. When the outcome cannot be reliably estimated, revenue is recognised only to the extent that expenses recognised are recoverable.

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 are being amortised evenly over their estimated useful life of 5 years.

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
Fixtures and fittings - 20% on cost
Computer equipment - 20% on cost

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 Statement of Income and Retained Earnings, 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.

Western Peak Limited (Registered number: 12454867)

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

2. Accounting policies - continued

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.

Going concern
The financial statements have been prepared on the going concern basis of accounting, on
the assumption that the directors and other lenders will continue to provide financial support to enable the company to meet its liabilities, which exceeded its assets at 31 March 2023.

3. Employees and directors

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

4. Intangible fixed assets
Patents
and
licences
£   
Cost
At 1 April 2022
and 31 March 2023 170
Amortisation
At 1 April 2022 68
Amortisation for year 34
At 31 March 2023 102
Net book value
At 31 March 2023 68
At 31 March 2022 102

Western Peak Limited (Registered number: 12454867)

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

5. Tangible fixed assets
Fixtures
Plant and and Computer
machinery fittings equipment Totals
£    £    £    £   
Cost
At 1 April 2022 825 1,280 11,626 13,731
Additions 931 316 12,738 13,985
At 31 March 2023 1,756 1,596 24,364 27,716
Depreciation
At 1 April 2022 330 256 4,273 4,859
Charge for year 352 319 4,873 5,544
At 31 March 2023 682 575 9,146 10,403
Net book value
At 31 March 2023 1,074 1,021 15,218 17,313
At 31 March 2022 495 1,024 7,353 8,872

6. Debtors: amounts falling due within one year
31/3/23 31/3/22
£    £   
Other debtors 2,212 5,660

7. Creditors: amounts falling due within one year
31/3/23 31/3/22
£    £   
Bank loans and overdrafts 2,408 7,579
Trade creditors - 711
Taxation and social security 853 299
Other creditors 25,399 7,185
28,660 15,774

8. Creditors: amounts falling due after more than one year
31/3/23 31/3/22
£    £   
Bank loans 15,919 12,667

9. Related party disclosures

The directors have made loans to the company. The balance owed by the company at 31 March 2023 was £18,540 (2022 £4,126). The loans are interest free and repayable on demand.