WESTCOTE GROUP LIMITED

Company Registration Number:
12811541 (England and Wales)

Unaudited statutory accounts for the year ended 31 August 2022

Period of accounts

Start date: 1 September 2021

End date: 31 August 2022

WESTCOTE GROUP LIMITED

Contents of the Financial Statements

for the Period Ended 31 August 2022

Directors report
Balance sheet
Additional notes
Balance sheet notes

WESTCOTE GROUP LIMITED

Directors' report period ended 31 August 2022

The directors present their report with the financial statements of the company for the period ended 31 August 2022

Principal activities of the company

Construction works on new build housing sites and existing refurbishment development projects.



Directors

The director shown below has held office during the whole of the period from
1 September 2021 to 31 August 2022

Leszek Zurawicz


The above report has been prepared in accordance with the special provisions in part 15 of the Companies Act 2006

This report was approved by the board of directors on
5 June 2023

And signed on behalf of the board by:
Name: Leszek Zurawicz
Status: Director

WESTCOTE GROUP LIMITED

Balance sheet

As at 31 August 2022

Notes 2022 13 months to 31 August 2021


£

£
Fixed assets
Tangible assets: 3 18,898 16,709
Total fixed assets: 18,898 16,709
Current assets
Stocks: 4 1,974 2,805
Debtors: 5 4,532 3,118
Cash at bank and in hand: 8,286 10,784
Total current assets: 14,792 16,707
Creditors: amounts falling due within one year: 6 ( 3,850 ) ( 7,852 )
Net current assets (liabilities): 10,942 8,855
Total assets less current liabilities: 29,840 25,564
Creditors: amounts falling due after more than one year: 7 ( 6,300 ) ( 6,300 )
Provision for liabilities: ( 5,296 ) ( 2,510 )
Total net assets (liabilities): 18,244 16,754
Capital and reserves
Called up share capital: 1 1
Profit and loss account: 18,243 16,753
Total Shareholders' funds: 18,244 16,754

The notes form part of these financial statements

WESTCOTE GROUP LIMITED

Balance sheet statements

For the year ending 31 August 2022 the company was entitled to exemption under section 477 of the Companies Act 2006 relating to small companies.

The members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.

The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.

These accounts have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime.

The directors have chosen not to file a copy of the company's profit and loss account.

This report was approved by the board of directors on 5 June 2023
and signed on behalf of the board by:

Name: Leszek Zurawicz
Status: Director

The notes form part of these financial statements

WESTCOTE GROUP LIMITED

Notes to the Financial Statements

for the Period Ended 31 August 2022

  • 1. Accounting policies

    Basis of measurement and preparation

    These financial statements have been prepared in accordance with the provisions of Section 1A (Small Entities) of Financial Reporting Standard 102

    Turnover policy

    The turnover shown in the profit and loss account represents amounts invoiced for work carried out during the year, exclusive of Value Added Tax.

    Tangible fixed assets depreciation policy

    Tangible fixed assets are stated at cost less depreciation. Depreciation is provided at rates calculated to write off the cost less estimated residual value of each asset over its expected useful life as follows: Plant and machinery 20% straight line -Fixtures and fittings 33.33% straight line - Equipment 25% straight line - Motor vehicles 25% straight line.

    Other accounting policies

    Income Tax - The taxation expense represents the aggregate amount of current and deferred tax recognised in the reporting period. Tax is recognised in profit or loss, except to the extent that it relates to items recognised in other comprehensive income or directly in equity. In this case, tax is recognised in other comprehensive income or directly in equity, respectively. 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.Deferred tax is recognised in respect of all timing differences at the reporting date. Unrelieved tax losses and other deferred tax assets are recognised to the extent that it is probable that they will be recovered against the reversal of deterred tax liabilities or other future taxable profits. Deferred tax is measured using the tax rates and laws that have been enacted or substantively enacted by the reporting date that are expected to apply to the reversal of the timing difference. Stocks - Stocks are measured at the lower of cost and estimated selling price less costs to complete and sell. Cost includes all costs of purchase, costs of conversion and other costs incurred in bringing the stock to its present location and condition. Basis of preparation - The financial statements have been prepared on the historical cost basis, as modified by the revaluation of certain financial assets and liabilities and investment properties measured at fair value through profit or loss.

WESTCOTE GROUP LIMITED

Notes to the Financial Statements

for the Period Ended 31 August 2022

  • 2. Employees

    2022 13 months to 31 August 2021
    Average number of employees during the period 1 1

WESTCOTE GROUP LIMITED

Notes to the Financial Statements

for the Period Ended 31 August 2022

3. Tangible assets

Land & buildings Plant & machinery Fixtures & fittings Office equipment Motor vehicles Total
Cost £ £ £ £ £ £
At 1 September 2021 6,284 2,511 5,350 7,995 22,140
Additions 3,892 665 2,418 2,999 9,974
Disposals
Revaluations
Transfers
At 31 August 2022 10,176 3,176 7,768 10,994 32,114
Depreciation
At 1 September 2021 1,257 837 1,338 1,999 5,431
Charge for year 2,035 1,059 1,942 2,749 7,785
On disposals
Other adjustments
At 31 August 2022 3,292 1,896 3,280 4,748 13,216
Net book value
At 31 August 2022 6,884 1,280 4,488 6,246 18,898
At 31 August 2021 5,027 1,674 4,012 5,996 16,709

WESTCOTE GROUP LIMITED

Notes to the Financial Statements

for the Period Ended 31 August 2022

4. Stocks

2022 13 months to 31 August 2021
£ £
Stocks 1,974 2,805
Total 1,974 2,805

WESTCOTE GROUP LIMITED

Notes to the Financial Statements

for the Period Ended 31 August 2022

5. Debtors

2022 13 months to 31 August 2021
£ £
Trade debtors 4,532 3,118
Total 4,532 3,118

WESTCOTE GROUP LIMITED

Notes to the Financial Statements

for the Period Ended 31 August 2022

6. Creditors: amounts falling due within one year note

2022 13 months to 31 August 2021
£ £
Trade creditors 1,757 2,391
Taxation and social security 2,093 5,461
Total 3,850 7,852

WESTCOTE GROUP LIMITED

Notes to the Financial Statements

for the Period Ended 31 August 2022

7. Creditors: amounts falling due after more than one year note

2022 13 months to 31 August 2021
£ £
Other creditors 6,300 6,300
Total 6,300 6,300