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REGISTERED NUMBER: 11344807 (England and Wales)
























UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 MAY 2023

FOR

32WEST LTD

32WEST LTD (REGISTERED NUMBER: 11344807)






CONTENTS OF THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MAY 2023




Page

Company Information 1

Abridged Balance Sheet 2

Notes to the Financial Statements 4


32WEST LTD

COMPANY INFORMATION
FOR THE YEAR ENDED 31 MAY 2023







DIRECTORS: Mr J R J Higgins
Mr F E Stretton
Mr J R Lee



REGISTERED OFFICE: Room 216 -217
Ulverston Business Centre
New Market Street
Ulverston
Cumbria
LA12 7LQ



REGISTERED NUMBER: 11344807 (England and Wales)



BANKERS: Clydesdale Bank plc
15A The Avenue
Newton Mearns
Glasgow
G77 6AA

32WEST LTD (REGISTERED NUMBER: 11344807)

ABRIDGED BALANCE SHEET
31 MAY 2023

31.5.23 31.5.22
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 142,196 112,872

CURRENT ASSETS
Debtors 114,082 79,834
Cash at bank and in hand 120,011 142,961
234,093 222,795
CREDITORS
Amounts falling due within one year 150,321 123,441
NET CURRENT ASSETS 83,772 99,354
TOTAL ASSETS LESS CURRENT
LIABILITIES

225,968

212,226

CREDITORS
Amounts falling due after more than one
year

104,540

103,955
NET ASSETS 121,428 108,271

CAPITAL AND RESERVES
Called up share capital 6 45 45
Retained earnings 121,383 108,226
SHAREHOLDERS' FUNDS 121,428 108,271

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

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

32WEST LTD (REGISTERED NUMBER: 11344807)

ABRIDGED BALANCE SHEET - continued
31 MAY 2023


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 Balance Sheet for the year ended 31 May 2023 in accordance with Section 444(2A) of the Companies Act 2006.

In accordance with Section 444 of the Companies Act 2006, the Profit and Loss Account has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 13 November 2023 and were signed on its behalf by:




Mr J R J Higgins - Director Mr F E Stretton - Director




Mr J R Lee - Director


32WEST LTD (REGISTERED NUMBER: 11344807)

NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MAY 2023

1. STATUTORY INFORMATION

32West Ltd 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.

The presentation currency of the financial statements is the Pound Sterling (£).


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 represents net invoiced sales of services, excluding VAT.

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.
Plant and machinery - 15% on cost
Fixtures and fittings - 33% on cost and 20% on cost
Motor vehicles - 15% on cost
Computer equipment - 50% on cost and 33% on cost

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 13 (2022 - 11 ) .

4. TANGIBLE FIXED ASSETS
Totals
£   
COST
At 1 June 2022 125,010
Additions 54,692
At 31 May 2023 179,702
DEPRECIATION
At 1 June 2022 12,138
Charge for year 25,368
At 31 May 2023 37,506
NET BOOK VALUE
At 31 May 2023 142,196
At 31 May 2022 112,872

32WEST LTD (REGISTERED NUMBER: 11344807)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 MAY 2023

4. TANGIBLE FIXED ASSETS - continued

Fixed assets, included in the above, which are held under hire purchase contracts are as follows:

Totals
£   
COST
At 1 June 2022 106,280
Additions 48,995
At 31 May 2023 155,275
DEPRECIATION
At 1 June 2022 4,018
Charge for year 20,211
At 31 May 2023 24,229
NET BOOK VALUE
At 31 May 2023 131,046
At 31 May 2022 102,262

5. SECURED DEBTS

The following secured debts are included within creditors:

31.5.23 31.5.22
£    £   
Hire purchase contracts 112,572 91,392

Hire purchase agreements are secured against the asset they fund.

6. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 31.5.23 31.5.22
value: £    £   
1,000 A ordinary 1p 10 10
1,000 B ordinary 1p 10 10
1,000 C ordinary 1p 10 10
300 D ordinary 1p 3 3
300 E ordinary 1p 3 3
300 F ordinary 1p 3 3
300 A dividend 1p 3 3
300 B dividend 1p 3 3
45 45