1 March 2022 v2023.30.1 limited_company_frs_102_section_1a_v1_1_1 companies_houseSoftwarefalsetruetrueNo description of principal activityfalsetruexbrli:purexbrli:sharesiso4217:GBP132243922022-03-012023-02-28132243922023-02-28132243922022-02-2813224392core:WithinOneYear2023-02-2813224392core:WithinOneYear2022-02-2813224392core:ShareCapital2023-02-2813224392core:ShareCapital2022-02-2813224392core:RetainedEarningsAccumulatedLosses2023-02-2813224392core:RetainedEarningsAccumulatedLosses2022-02-2813224392bus:Director12022-03-012023-02-2813224392bus:RegisteredOffice2022-03-012023-02-2813224392core:MotorVehicles2022-03-012023-02-28132243922021-02-252022-02-2813224392core:PlantMachinery2022-03-0113224392core:PlantMachinery2022-03-012023-02-2813224392core:PlantMachinery2023-02-2813224392core:PlantMachinery2022-02-2813224392countries:EnglandWales2022-03-012023-02-2813224392bus:AuditExemptWithAccountantsReport2022-03-012023-02-2813224392bus:PrivateLimitedCompanyLtd2022-03-012023-02-2813224392bus:SmallEntities2022-03-012023-02-2813224392bus:FullAccounts2022-03-012023-02-28
Company registration number:
13224392
Westway Hire Ltd
Unaudited Filleted Financial Statements for the year ended
28 February 2023
Westway Hire Ltd
Statement of Financial Position
28 February 2023
20232022
Note££
Fixed assets    
Tangible assets 5
114,791
 
39,750
 
Current assets    
Cash at bank and in hand
7,796
 
19,384
 
Creditors: amounts falling due within one year 6
(85,821
)
(50,541
)
Net current liabilities
(78,025
)
(31,157
)
Total assets less current liabilities 36,766   8,593  
Capital and reserves    
Called up share capital
100
 
100
 
Profit and loss account
36,666
 
8,493
 
Shareholders funds
36,766
 
8,593
 
For the year ending
28 February 2023
, the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.
Director's responsibilities:
  • The members have not required the company to obtain an audit of its financial statements for the year in question in accordance with section 476;
  • The director acknowledges their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of financial statements.
These
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.
These
financial statements
were approved by the board of directors and authorised for issue on
30 November 2023
, and are signed on behalf of the board by:
Mr Kamran Ahmedi
Director
Company registration number:
13224392
Westway Hire Ltd
Notes to the Financial Statements
Year ended
28 February 2023

1 General information

The company is a private company limited by shares and is registered in England and Wales. The address of the registered office is
6 Abbey Parade
,
Ealing
,
London
,
W5 1EE
, United Kingdom.

2 Statement of compliance

These
financial statements
have been prepared in compliance with FRS 102 Section 1A, 'The Financial Reporting Standard applicable to the UK and Republic of Ireland'.

3 Accounting policies

Basis of preparation

The
financial statements
have been prepared on the historical cost basis, as modified by the revaluation of certain assets.
The
financial statements
are prepared in sterling, which is the functional currency of the company.

Turnover

Turnover is measured at the fair value of the consideration received or receivable for goods supplied, net of discounts and Value Added Tax.

Current tax

Current tax is recognised on taxable profit for the current and past periods. Current tax is measured at the amounts of tax expected to pay or recover using the tax rates and laws that have been enacted or substantively enacted at the reporting date.

Tangible assets

Tangible assets are initially measured at cost, and are subsequently measured at cost less any accumulated depreciation and accumulated impairment losses or at a revalued amount.
Depreciation is calculated so as to write off the cost of an asset, less its estimated residual value, over the useful economic life of that asset as follows:
Motor vehicles
15% reducing balance basis

4 Average number of employees

The average number of persons employed by the company during the year was
1
(2022:
1.00
).

5 Tangible assets

Plant and machinery etc.
£
Cost  
At
1 March 2022
42,400
 
Additions
103,992
 
Disposals
(17,038
)
At
28 February 2023
129,354
 
Depreciation  
At
1 March 2022
2,650
 
Charge
12,573
 
Disposals
(660
)
At
28 February 2023
14,563
 
Carrying amount  
At
28 February 2023
114,791
 
At 28 February 2022
39,750
 

6 Creditors: amounts falling due within one year

20232022
££
Trade creditors
26,742
 
3,750
 
Taxation and social security
(823
)
823
 
Other creditors
59,902
 
45,968
 
85,821
 
50,541