Westwood Printers Limited 03867492 false 2023-01-01 2023-12-31 2023-12-31 The principal activity of the company is Printers Digita Accounts Production Advanced 6.30.9574.0 true true true 03867492 2023-01-01 2023-12-31 03867492 2023-12-31 03867492 core:CurrentFinancialInstruments 2023-12-31 03867492 core:CurrentFinancialInstruments core:WithinOneYear 2023-12-31 03867492 core:Non-currentFinancialInstruments 2023-12-31 03867492 core:Non-currentFinancialInstruments core:AfterOneYear 2023-12-31 03867492 core:FurnitureFittingsToolsEquipment 2023-12-31 03867492 bus:SmallEntities 2023-01-01 2023-12-31 03867492 bus:AuditExemptWithAccountantsReport 2023-01-01 2023-12-31 03867492 bus:FullAccounts 2023-01-01 2023-12-31 03867492 bus:SmallCompaniesRegimeForAccounts 2023-01-01 2023-12-31 03867492 bus:RegisteredOffice 2023-01-01 2023-12-31 03867492 bus:CompanySecretary1 2023-01-01 2023-12-31 03867492 bus:Director1 2023-01-01 2023-12-31 03867492 bus:PrivateLimitedCompanyLtd 2023-01-01 2023-12-31 03867492 core:FurnitureFittingsToolsEquipment 2023-01-01 2023-12-31 03867492 core:MotorVehicles 2023-01-01 2023-12-31 03867492 core:OfficeEquipment 2023-01-01 2023-12-31 03867492 core:PlantMachinery 2023-01-01 2023-12-31 03867492 1 2023-01-01 2023-12-31 03867492 countries:EnglandWales 2023-01-01 2023-12-31 03867492 2022-12-31 03867492 core:FurnitureFittingsToolsEquipment 2022-12-31 03867492 2022-01-01 2022-12-31 03867492 2022-12-31 03867492 core:CurrentFinancialInstruments 2022-12-31 03867492 core:CurrentFinancialInstruments core:WithinOneYear 2022-12-31 03867492 core:Non-currentFinancialInstruments 2022-12-31 03867492 core:Non-currentFinancialInstruments core:AfterOneYear 2022-12-31 iso4217:GBP xbrli:pure

Registration number: 03867492

Westwood Printers Limited

Unaudited Filleted Financial Statements

for the Year Ended 31 December 2023

 

Westwood Printers Limited

Contents

Company Information

1

Balance Sheet

2

Notes to the Unaudited Financial Statements

3 to 7

 

Westwood Printers Limited

Company Information

Director

D Skates

Company secretary

L Jenkinson

Registered office

Kingfisher Court
Plaxton Bridge Road
Woodmansey
Beverley
East Yorkshire
HU17 0RT

 

Westwood Printers Limited

(Registration number: 03867492)
Balance Sheet as at 31 December 2023

Note

2023
£

2022
£

Current assets

 

Debtors

5

262

85,758

Cash at bank and in hand

 

3,294

22,818

 

3,556

108,576

Creditors: Amounts falling due within one year

6

(2,349)

(61,914)

Total assets less current liabilities

 

1,207

46,662

Creditors: Amounts falling due after more than one year

6

-

(28,369)

Net assets

 

1,207

18,293

Capital and reserves

 

Called up share capital

2

2

Retained earnings

1,205

18,291

Shareholders' funds

 

1,207

18,293

For the financial year ending 31 December 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 accounts for the year in question in accordance with section 476; and

The Director acknowledges his responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.

These financial statements have been prepared in accordance with the special provisions relating to companies subject to the small companies regime within Part 15 of the Companies Act 2006.

These financial statements have been delivered in accordance with the provisions applicable to companies subject to the small companies regime. As permitted by section 444 (5A) of the Companies Act 2006, the Director has not delivered to the registrar a copy of the Profit and Loss Account.

Approved and authorised by the director on 1 March 2024
 

.........................................
D Skates
Director

 

Westwood Printers Limited

Notes to the Unaudited Financial Statements for the Year Ended 31 December 2023

1

General information

The company is a private company limited by share capital incorporated in England and Wales and the company registration number is 03867492.

The address of its registered office is:
Kingfisher Court
Plaxton Bridge Road
Woodmansey
Beverley
East Yorkshire
HU17 0RT
England

The principal place of business is:
Unit C3
Willowbridge Way
Castleford
West Yorkshire
WF10 5NP

These financial statements were authorised for issue by the director on 1 March 2024.

2

Accounting policies

Summary of significant accounting policies and key accounting estimates

The principal accounting policies applied in the preparation of these financial statements are set out below. These policies have been consistently applied to all the years presented, unless otherwise stated.

Statement of compliance

These financial statements have been prepared in accordance with Financial Reporting Standard 102 Section 1A smaller entities - 'The Financial Reporting Standard applicable in the United Kingdom and Republic of Ireland' and the Companies Act 2006 (as applicable to companies subject to the small companies' regime).

Basis of preparation

These financial statements have been prepared using the historical cost convention except that as disclosed in the accounting policies certain items are shown at fair value.

The financial statements have been prepared in sterling and are rounded to the nearest pound.

Summary of disclosure exemptions

The company has taken advantage of exemption, under the terms of Financial Reporting Standard 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland', not to disclose related party transactions with wholly owned subsidiaries within the group..

Going concern

The company ceased to trade on 31st December 2023.

 

Westwood Printers Limited

Notes to the Unaudited Financial Statements for the Year Ended 31 December 2023

Revenue recognition

Turnover arises from the sale of printing. Turnover is measured at the fair value of the consideration received or receivable and represents amounts for the rendering of services in the normal course of business, net of discounts and other sales-related taxes.

Turnover from the provision of services is recognised when the service is performed.

The company recognises revenue when:
The amount of revenue can be reliably measure;
it is probable that future economic benefits will flow to the entity;
and specific criteria have been met of each of the companies activities.

Tax

The tax expense for the period comprises current tax. Tax is recognised in profit or loss, except that a change attributable to an item of income or expense recognised as other comprehensive income is also recognised directly in other comprehensive income.

The current income tax charge is calculated on the basis of tax rates and laws that have been enacted or substantively enacted by the reporting date in the countries where the company operates and generates taxable income.

Tangible assets

Tangible assets are stated in the statement of financial position at cost, less any subsequent accumulated depreciation and subsequent accumulated impairment losses.

The cost of tangible assets includes directly attributable incremental costs incurred in their acquisition and installation.

At each reporting date fixed assets are reviewed to determine whether there is any indication that those assets have suffered an impairment loss. If there is an indication of possible impairment, the recoverable amount of any affected asset is estimated and compared with its carrying amount. If the estimated recoverable amount is lower, the carrying amount is reduced to its estimated recoverable amount, and an impairment loss is recognised immediately in the profit and loss account.

If an impairment loss subsequently reverses, the carrying amount of the asset is increased to the revised estimate of its recoverable amount, but not in excess of the amount that would have been determined had no impairment loss has been recognised for the asset in prior years. A reversal of an impairment loss is recognised immediately in the profit and loss account.

Depreciation

Depreciation is charged so as to write off the cost of assets, other than land and properties under construction over their estimated useful lives, as follows:

Asset class

Depreciation method and rate

Motor vehicles

25% Reducing balance

Plant and machinery

15% Reducing balance

Office equipment

3 years on cost

Cash and cash equivalents

Cash and cash equivalents comprise cash on hand and call deposits, and other short-term highly liquid investments that are readily convertible to a known amount of cash and are subject to an insignificant risk of change in value.

 

Westwood Printers Limited

Notes to the Unaudited Financial Statements for the Year Ended 31 December 2023

Trade creditors

Trade creditors are obligations to pay for goods or services that have been acquired in the ordinary course of business from suppliers. Accounts payable are classified as current liabilities if the company does not have an unconditional right, at the end of the reporting period, to defer settlement of the creditor for at least twelve months after the reporting date. If there is an unconditional right to defer settlement for at least twelve months after the reporting date, they are presented as non-current liabilities.

Trade creditors are recognised initially at the transaction price.

Borrowings

Interest-bearing borrowings are initially recorded at fair value, net of transaction costs. Interest-bearing borrowings are subsequently carried at amortised cost, with the difference between the proceeds, net of transaction costs, and the amount due on redemption being recognised as a charge to the profit and loss account over the period of the relevant borrowing.

Interest expense is recognised on the basis of the effective interest method and is included in interest payable and similar charges.

Borrowings are classified as current liabilities unless the Company has an unconditional right to defer settlement of the liability for at least twelve months after the reporting date.

Share capital

Ordinary shares are classified as equity. Equity instruments are measured at the fair value of the cash or other resources received or receivable, net of the direct costs of issuing the equity instruments. If payment is deferred and the time value of money is material, the initial measurement is on a present value basis.

Dividends

Dividend distribution to the Company’s shareholders is recognised as a liability in the financial statements in the reporting period in which the dividends are declared.

Defined contribution pension obligation

A defined contribution plan is a pension plan under which fixed contributions are paid into a pension fund and the Company has no legal or constructive obligation to pay further contributions even if the fund does not hold sufficient assets to pay all employees the benefits relating to employee service in the current and prior periods.

Contributions to defined contribution plans are recognised as employee benefit expense when they are due. If contribution payments exceed the contribution due for service, the excess is recognised as a prepayment.

3

Staff numbers

The average number of persons employed by the Company (including the Director) during the year, was 1 (2022 - 2).

 

Westwood Printers Limited

Notes to the Unaudited Financial Statements for the Year Ended 31 December 2023

4

Tangible assets

Furniture, fittings and equipment
 £

Total
£

Cost or valuation

At 1 January 2023

37,748

37,748

Disposals

(37,748)

(37,748)

At 31 December 2023

-

-

Depreciation

At 1 January 2023

37,748

37,748

Eliminated on disposal

(37,748)

(37,748)

At 31 December 2023

-

-

Carrying amount

At 31 December 2023

-

-

5

Debtors

2023
£

2022
£

Trade debtors

-

77,273

Prepayments

-

994

Other debtors

262

7,491

262

85,758

6

Creditors

Creditors: amounts falling due within one year

Note

2023
£

2022
£

Due within one year

 

Loans and borrowings

7

-

10,465

Trade creditors

 

186

13,107

Taxation and social security

 

684

9,293

Accruals and deferred income

 

1,479

2,648

Other creditors

 

-

26,401

 

2,349

61,914

 

Westwood Printers Limited

Notes to the Unaudited Financial Statements for the Year Ended 31 December 2023

Creditors: amounts falling due after more than one year

Note

2023
£

2022
£

Due after one year

 

Loans and borrowings

7

-

28,369

7

Loans and borrowings

2023
£

2022
£

Current loans and borrowings

Bank borrowings

-

10,000

Other borrowings

-

465

-

10,465

2023
£

2022
£

Non-current loans and borrowings

Bank borrowings

-

28,369

8

Related party transactions

The company has taken advantage of exemption, under the terms of Financial Reporting Standard 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland', not to disclose related party transactions with wholly owned subsidaries within the group.

Other transactions with the Director

At the year end, the director owed the company £Nil (2022: the company owed the director £465). This amount is unsecured, interest free and repayable on demand.

9

Parent and ultimate parent undertaking

The Company's immediate parent is Ivory Printers (Holdings) Limited, incorporated in England and Wales.

  These financial statements are available upon request from Unit C3, Willowbridge Way, Castleford, West Yorkshire, WF10 5NP