Company Registration No. 07188145 (England and Wales)
West 1 Contracts Limited
Unaudited accounts
for the year ended 30 June 2023
West 1 Contracts Limited
Unaudited accounts
Contents
West 1 Contracts Limited
Company Information
for the year ended 30 June 2023
Directors
W Sparrowhawk
D Sumner
M Sumner
M Martin
T O'Reilly
Company Number
07188145 (England and Wales)
West 1 Contracts Limited
Statement of financial position
as at 30 June 2023
Tangible assets
14,978
24,968
Debtors
3,219,184
2,890,881
Cash at bank and in hand
311,036
141,689
Creditors: amounts falling due within one year
(2,704,202)
(2,181,441)
Net current assets
826,018
851,129
Total assets less current liabilities
840,996
876,097
Creditors: amounts falling due after more than one year
(81,056)
(85,000)
Net assets
759,940
791,097
Called up share capital
500
500
Profit and loss account
759,440
790,597
Shareholders' funds
759,940
791,097
For the year ending 30 June 2023 the company was entitled to exemption from audit 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 and in accordance with the provisions of FRS 102 Section 1A - Small Entities. The profit and loss account has not been delivered to the Registrar of Companies.
The financial statements were approved by the Board of Directors and authorised for issue on 14 March 2024 and were signed on its behalf by
D Sumner
Director
Company Registration No. 07188145
West 1 Contracts Limited
Notes to the Accounts
for the year ended 30 June 2023
West 1 Contracts Limited is a private company, limited by shares, registered in England and Wales, registration number 07188145.
2
Compliance with accounting standards
The accounts have been prepared in accordance with the provisions of FRS 102 Section 1A Small Entities. There were no material departures from that standard.
The principal accounting policies adopted in the preparation of the financial statements are set out below and have remained unchanged from the previous year, and also have been consistently applied within the same accounts.
The accounts have been prepared under the historical cost convention as modified by the revaluation of certain fixed assets.
The accounts are presented in £ sterling.
Tangible fixed assets and depreciation
Tangible assets are included at cost less depreciation and impairment. Depreciation has been provided at the following rates in order to write off the assets over their estimated useful lives:
Computer equipment
25% Straight Line
4
Tangible fixed assets
Plant & machinery
Amounts falling due within one year
Trade debtors
1,931,536
1,273,779
Accrued income and prepayments
1,011,259
858,857
Other debtors
276,389
758,245
West 1 Contracts Limited
Notes to the Accounts
for the year ended 30 June 2023
6
Creditors: amounts falling due within one year
2023
2022
Trade creditors
954,741
1,153,701
Taxes and social security
318,781
191,439
Other creditors
4,030
4,616
7
Creditors: amounts falling due after more than one year
2023
2022
Other creditors
81,056
85,000
8
Transactions with related parties
As at the end of the balance sheet date there were directors current account balances owed to the company totalling £NIL ( 2022 : £481,856)
9
Average number of employees
During the year the average number of employees was 13 (2022: 13).