Registered number
07823233
Westend Repairs Ltd
Filleted Accounts
31 October 2023
Westend Repairs Ltd
Registered number: 07823233
Balance Sheet
as at 31 October 2023
Notes 2023 2022
£ £
Fixed assets
Tangible assets 3 1,060 1,325
Current assets
Stocks 6,281 1,830
Debtors 4 36,233 44,070
Cash at bank and in hand 1,352 7,982
43,866 53,882
Creditors: amounts falling due within one year 5 (415) -
Net current assets 43,451 53,882
Total assets less current liabilities 44,511 55,207
Creditors: amounts falling due after more than one year 6 (38,075) (45,427)
Net assets 6,436 9,780
Capital and reserves
Called up share capital 100 100
Profit and loss account 6,336 9,680
Shareholders' funds 6,436 9,780
The directors are satisfied that the company is entitled to exemption from the requirement to obtain an audit under section 477 of the Companies Act 2006.
The members have not required the company to obtain an audit in accordance with section 476 of the Act.
The directors acknowledge their responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of accounts.
The accounts have been prepared and delivered in accordance with the special provisions applicable to companies subject to the small companies regime. The profit and loss account has not been delivered to the Registrar of Companies.
Ayesha Usman
Director
Approved by the board on 3 March 2024
Westend Repairs Ltd
Notes to the Accounts
for the year ended 31 October 2023
1 Accounting policies
Turnover
Turnover is measured at the fair value of the consideration received or receivable, net of discounts and value added taxes. Turnover includes revenue earned from the sale of goods and from the rendering of services. Turnover from the sale of goods is recognised when the significant risks and rewards of ownership of the goods have transferred to the buyer. Turnover from the rendering of services is recognised by reference to the stage of completion of the contract. The stage of completion of a contract is measured by comparing the costs incurred for work performed to date to the total estimated contract costs.
Tangible fixed assets
Tangible fixed assets are measured at cost less accumulative depreciation and any accumulative impairment losses. Depreciation is provided on all tangible fixed assets, other than freehold land, at rates calculated to write off the cost, less estimated residual value, of each asset evenly over its expected useful life, as follows:
Freehold buildings over 50 years
Leasehold land and buildings over the lease term
Plant and machinery over 5 years
Fixtures, fittings, tools and equipment over 5 years
Taxation
A current tax liability is recognised for the tax payable on the taxable profit of the current and past periods. A current tax asset is recognised in respect of a tax loss that can be carried back to recover tax paid in a previous period. Deferred tax is recognised in respect of all timing differences between the recognition of income and expenses in the financial statements and their inclusion in tax assessments. Unrelieved tax losses and other deferred tax assets are recognised only to the extent that it is probable that they will be recovered against the reversal of deferred 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 and that are expected to apply to the reversal of the timing difference, except for revalued land and investment property where the tax rate that applies to the sale of the asset is used. Current and deferred tax assets and liabilities are not discounted.
2 Employees 2023 2022
Number Number
Average number of persons employed by the company 1 1
3 Tangible fixed assets
Plant and machinery etc
£
Cost
At 1 November 2022 6,016
At 31 October 2023 6,016
Depreciation
At 1 November 2022 4,691
Charge for the year 265
At 31 October 2023 4,956
Net book value
At 31 October 2023 1,060
At 31 October 2022 1,325
4 Debtors 2023 2022
£ £
Other debtors 36,233 44,070
5 Creditors: amounts falling due within one year 2023 2022
£ £
Corporation tax 407 -
Other taxes and social security costs 8 -
415 -
6 Creditors: amounts falling due after one year 2023 2022
£ £
Bank loans 38,075 45,427
7 Other information
Westend Repairs Ltd is a private company limited by shares and incorporated in England. Its registered office is:
47 Tottenham Court Road
London
W1T 2EE
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