02788789falsecarpenters, joiners, builders and property developers2022-10-012023-09-30http://www.companieshouse.gov.uk/2022-09-30http://www.companieshouse.gov.uk/pt:PlantMachinery2022-09-30http://www.companieshouse.gov.uk/pt:ShareCapital2022-09-30http://www.companieshouse.gov.uk/cd:Director12022-10-012023-09-30http://www.companieshouse.gov.uk/pt:PlantMachinery2023-09-30http://www.companieshouse.gov.uk/pt:SharePremium2022-09-30http://www.companieshouse.gov.uk/pt:ShareCapital2023-09-30http://www.companieshouse.gov.uk/cd:Director22022-10-012023-09-30http://www.companieshouse.gov.uk/pt:FurnitureFittings2022-09-30http://www.companieshouse.gov.uk/pt:CapitalRedemptionReserve2022-09-30http://www.companieshouse.gov.uk/pt:SharePremium2023-09-30http://www.companieshouse.gov.uk/cd:Director32022-10-012023-09-30http://www.companieshouse.gov.uk/pt:FurnitureFittings2023-09-30http://www.companieshouse.gov.uk/pt:CapitalRedemptionReserve2023-09-30http://www.companieshouse.gov.uk/cd:OrdinaryShareClass12022-10-012023-09-30http://www.companieshouse.gov.uk/pt:MotorCars2022-09-30http://www.companieshouse.gov.uk/cd:RegisteredOffice2022-10-012023-09-30http://www.companieshouse.gov.uk/cd:OrdinaryShareClass22022-10-012023-09-30http://www.companieshouse.gov.uk/pt:MotorCars2023-09-30http://www.companieshouse.gov.uk/cd:AuditExemptWithAccountantsReport2022-10-012023-09-30http://www.companieshouse.gov.uk/pt:CurrentFinancialInstruments2023-09-30http://www.companieshouse.gov.uk/pt:CurrentFinancialInstruments2022-09-30http://www.companieshouse.gov.uk/2022-10-012023-09-30http://www.companieshouse.gov.uk/2022-09-30http://www.companieshouse.gov.uk/cd:FRS1022022-10-012023-09-30http://www.companieshouse.gov.uk/2023-09-30http://www.companieshouse.gov.uk/cd:FullAccounts2022-10-012023-09-30http://www.companieshouse.gov.uk/cd:PrivateLimitedCompanyLtd2022-10-012023-09-30iso4217:GBPxbrli:sharesxbrli:pure
Registered number: 02788789

Westwood Contracts Ltd

ACCOUNTS
FOR THE YEAR ENDED 30/09/2023

Prepared By:
DBR Accounts Limited
1 Station Court
Station Approach
Wickford
Essex
SS11 7AT

Westwood Contracts Ltd

ACCOUNTS
FOR THE YEAR ENDED 30/09/2023
DIRECTORS
R M Watson
M Watson
K Cleary
REGISTERED OFFICE
The Courtyard
Stype
Hungerford
West Berkshire
RG17 0RE
COMPANY DETAILS
Private company limited by shares registered in EW - England and Wales, registered number 02788789
ACCOUNTANTS
DBR Accounts Limited
1 Station Court
Station Approach
Wickford
Essex
SS11 7AT

Westwood Contracts Ltd

ACCOUNTS
FOR THEYEARENDED30/09/2023
CONTENTS
Page
Directors' Report-
Accountants' Report-
Statement Of Comprehensive Income-
Balance Sheet3
Notes To The Accounts5
The following do not form part of the statutory financial statements:
Trading And Profit And Loss Account-
Profit And Loss Account Summaries-

Westwood Contracts Ltd

BALANCE SHEET AT 30/09/2023
20232022
Notes££
FIXED ASSETS
Tangible assets2251,221228,917
CURRENT ASSETS
Stock43,96140,258
Debtors547,433111,631
Cash at bank and in hand63,30143,738
154,695195,627
CREDITORS: Amounts falling due within one year692,60282,690
NET CURRENT ASSETS62,093112,937
TOTAL ASSETS LESS CURRENT LIABILITIES313,314341,854
CREDITORS: Amounts falling due after more than one year756,85771,764
NET ASSETS256,457270,090
CAPITAL AND RESERVES
Called up share capital9836836
Share premium account103,9733,973
Revaluation reserve1e,113,7603,760
Capital redemption reserve124848
Profit and loss account247,840261,473
SHAREHOLDERS' FUNDS256,457270,090

Westwood Contracts Ltd

BALANCE SHEET AT 30/09/2023
For the year ending 30/09/2023 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 decided not to deliver to the registrar a copy of the company's profit and loss account.
Approved by the board on 15/03/2024 and signed on their behalf by
.............................
R M Watson
Director
.............................
M Watson
Director
.............................
K Cleary
Director

Westwood Contracts Ltd

NOTES TO THE ACCOUNTS
FOR THE YEAR ENDED 30/09/2023
1. ACCOUNTING POLICIES
1a. Basis Of Accounting
The accounts have been prepared under the historical cost convention.
The accounts have been prepared in accordance with FRS102 - The Financial Reporting Standard applicable in the UK and Republic of Ireland and the Companies Act 2006 .
1b. Depreciation
Tangible assets are initially recorded at cost, and subsequently stated at cost less any accumulated depreciation and impairment losses.
Depreciation has been provided at the following rates in order to write off the assets over their estimated useful lives.
Plant And Machineryreducing balance25%
Fixtures And Fittingsreducing balance15%
Motor Carsreducing balance25%
1c. Investment Properties
Investment properties are included in the financial statements at open market value. No depreciation is provided on such property in compliance with the Financial Reporting Standard for Smaller Entities. This departure from Companies Act requirements is necessary to show a true and fair view.
The investment property, being freehold commercial property, was valued on an open market basis on 30 September 2022 by the director. The investment property is located within the United Kingdom.
1d. Stocks
Stocks are stated at the lower of cost and estimated selling price less costs to complete and sell (net realisable value). Costs, which comprise direct production costs, are based on the method most appropriate to the type of inventory class, but usually on a first-in-first-out basis. Overheads are charged to profit or loss as incurred. Net realisable value is based on the estimated selling price less any estimated completion or selling costs.
When stocks are sold, the carrying amount of those stocks is recognised as an expense in the period in which the related revenue is recognised. The amount of any write-down of stocks to net realisable value and all losses of stocks are recognised as an expense in the period in which the write-down or loss occurs. The amount of any reversal of any write-down of stocks is recognised as a reduction in the amount of stocks recognised as an expense in the period in which the reversal occurs.

Westwood Contracts Ltd

1e. Revaluation Reserve
Surpluses or deficits arising on the revaluation of individual fixed assets other than investment properties are credited or debited to a non-distributible reserve known as the revaluation reserve (see also note 11).
Revaluation deficits in excess of the amount of prior revaluation surpluses on the same asset are charged to the profit and loss account.
1f. Taxation
Taxation represents the tax currently payable. The company's liability for current tax is calculated using tax rates that have been enacted or substantively enacted by the end of the reporting period.
1g. Financial Instruments
A financial asset or a financial liability is recognised only when the entity becomes a party to the contractual provisions of the instrument.
Basic financial instruments are initially recognised at the transaction price, unless the arrangement constitutes a financing transaction, where it is recognised at the present value of the future payments discounted at a market rate of interest for a similar debt instrument. Debt instruments are initially measured at amortised cost.
Financial assets that are measured at cost or amortised cost are reviewed for objective evidence of impairment at the end of each reporting date. If there is objective evidence of impairment, an impairment loss is recognised in profit or loss immediately.
2. TANGIBLE FIXED ASSETS
Plant andFixtures
Machineryand FittingsMotor CarsTotal
££££
Cost
At 01/10/20221,3425,26560,17366,780
Additions--24,50024,500
Disposals--(29,384)(29,384)
At 30/09/20231,3425,26555,28961,896
Depreciation
At 01/10/20221,2004,73556,92862,863
Disposals--(29,160)(29,160)
For the year41991,8321,972
At 30/09/20231,2414,83429,60035,675
Net Book Amounts
At 30/09/202310143125,68926,221
At 30/09/20221425303,2453,917

Westwood Contracts Ltd

3. INVESTMENT PROPERTIES
Investment
PropertiesTotal
££
Fair value
At 01/10/2022225,000225,000
At 30/09/2023225,000225,000
The investment property, being freehold commercial property, was valued on an open market basis on 30 September 2022 by the director. The investment property is located within the United Kingdom.
4. STOCK 20232022
££
Stock comprises:
Stock6,0006,000
Work in progress37,96134,258
43,96140,258
5. DEBTORS 20232022
££
Amounts falling due within one year
Trade debtors-59,986
VAT4,5158,013
Other debtors1,0001,000
K Cleary41,91842,632
47,433111,631

Westwood Contracts Ltd

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
20232022
££
UK corporation tax11,2847,077
R Watson1,056505
Bank Loan9,6209,121
Loans5,5475,378
Credit card749-
Trade creditors47,45645,490
Other creditors3,1283,126
Accruals13,76211,993
92,60282,690
7. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR
20232022
££
Bank loans (secured) >1yr19,10728,464
Loans >1yr37,75043,300
56,85771,764
8. EMPLOYEES
20232022
No.No.
Average number of employees11

Westwood Contracts Ltd

9. SHARE CAPITAL 20232022
££
Allotted, issued and fully paid:
76 Ordinary shares of £10 each760760
76 Class B shares of £1 each7676
836836
10. SHARE PREMIUM ACCOUNT 20232022
££
Share premium account3,9733,973
11. REVALUATION RESERVE 20232022
££
Revaluation reserve3,7603,760
3,7603,760
12. OTHER RESERVES 20232022
££
Capital redemption reserve4848
4848
13. CONTROLLING PARTY
No one party is the ultimate controlling party of the company

Westwood Contracts Ltd

14. SECURITY ON CREDITORS
The company's bankers have an all debentures security on the net assets owned by Westwood Contracts Limited and a specific legal charge on the company's freehold property. The secured debts included within the creditors is for a bank loan and the amount outstanding as at the balance sheet date is £28,728 (2022: £37,584).
The company also have a secured rent deposit obligation to the company's landlord's of their trading address of £1,000.