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REGISTERED NUMBER: 01025108 (England and Wales)







UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 30 NOVEMBER 2023

FOR

WESTAIR REPRODUCTIONS LIMITED

WESTAIR REPRODUCTIONS LIMITED (REGISTERED NUMBER: 01025108)

CONTENTS OF THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 NOVEMBER 2023










Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


WESTAIR REPRODUCTIONS LIMITED

COMPANY INFORMATION
FOR THE YEAR ENDED 30 NOVEMBER 2023







DIRECTORS: C J Read
N M Read





SECRETARY: N M Read





REGISTERED OFFICE: 17 Seeleys Road
Tyseley Industrial Estate
Birmingham
West Midlands
B11 2LQ





REGISTERED NUMBER: 01025108 (England and Wales)





ACCOUNTANTS: Prime
Chartered Accountants
161 Newhall Street
Birmingham
B3 1SW

WESTAIR REPRODUCTIONS LIMITED (REGISTERED NUMBER: 01025108)

BALANCE SHEET
30 NOVEMBER 2023

2023 2022
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 52,682 73,418

CURRENT ASSETS
Stocks 535,305 408,977
Debtors 5 123,730 189,658
Cash at bank and in hand 582,212 463,554
1,241,247 1,062,189
CREDITORS
Amounts falling due within one year 6 279,598 219,508
NET CURRENT ASSETS 961,649 842,681
TOTAL ASSETS LESS CURRENT
LIABILITIES

1,014,331

916,099

PROVISIONS FOR LIABILITIES 1,696 2,819
NET ASSETS 1,012,635 913,280

CAPITAL AND RESERVES
Called up share capital 10,000 10,000
Retained earnings 1,002,635 903,280
SHAREHOLDERS' FUNDS 1,012,635 913,280

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 30 November 2023.

The members have not required the company to obtain an audit of its financial statements for the year ended 30 November 2023 in accordance with Section 476 of the Companies Act 2006.

The directors acknowledge their responsibilities for:
(a)ensuring that the company keeps accounting records which comply with Sections 386 and 387 of the Companies Act 2006 and
(b)preparing financial statements which give a true and fair view of the state of affairs of the company as at the end of each financial year and of its profit or loss for each financial year in accordance with the requirements of Sections 394 and 395 and which otherwise comply with the requirements of the Companies Act 2006 relating to financial statements, so far as applicable to the company.

WESTAIR REPRODUCTIONS LIMITED (REGISTERED NUMBER: 01025108)

BALANCE SHEET - continued
30 NOVEMBER 2023


The financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime.

In accordance with Section 444 of the Companies Act 2006, the Income Statement has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 13 March 2024 and were signed on its behalf by:




C J Read - Director



N M Read - Director


WESTAIR REPRODUCTIONS LIMITED (REGISTERED NUMBER: 01025108)

NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 NOVEMBER 2023


1. STATUTORY INFORMATION

Westair Reproductions Limited is a private company, limited by shares , registered in England and Wales. The company's registered number and registered office address can be found on the Company Information page.

The presentation currency of the financial statements is the Pound Sterling (£).


2. ACCOUNTING POLICIES

Basis of preparing the financial statements
These financial statements have been prepared in accordance with Financial Reporting Standard 102 "The Financial Reporting Standard applicable in the UK and Republic of Ireland" including the provisions of Section 1A "Small Entities" and the Companies Act 2006. The financial statements have been prepared under the historical cost convention.

Turnover
Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Improvements to property - 20% on cost and at varying rates on cost
Plant and machinery - 20% on cost and 10% on cost
Fixtures and fittings - 33.33% on cost and 10% on cost
Motor vehicles - 25% on cost

Stocks
Stocks are valued at the lower of cost and net realisable value, after making due allowance for obsolete and slow moving items.

Current and deferred taxation
Taxation for the year comprises current and deferred tax. Tax is recognised in the Income Statement, except to the extent that it relates to items recognised in other comprehensive income or directly in equity.

Current or deferred taxation assets and liabilities are not discounted.

Current tax is recognised at the amount of tax payable using the tax rates and laws that have been enacted or substantively enacted by the balance sheet date.

Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the balance sheet date.

Timing differences arise from the inclusion of income and expenses in tax assessments in periods different from those in which they are recognised in financial statements. Deferred tax is measured using tax rates and laws that have been enacted or substantively enacted by the year end and that are expected to apply to the reversal of the timing difference.

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.

WESTAIR REPRODUCTIONS LIMITED (REGISTERED NUMBER: 01025108)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 30 NOVEMBER 2023


2. ACCOUNTING POLICIES - continued

Foreign currencies
Assets and liabilities in foreign currencies are translated into sterling at the rates of exchange ruling at the balance sheet date. Transactions in foreign currencies are translated into sterling at the rate of exchange ruling at the date of transaction. Exchange differences are taken into account in arriving at the operating result.

Hire purchase and leasing commitments
Rentals paid under operating leases are charged to profit or loss on a straight line basis over the period of the lease.

Pension costs and other post-retirement benefits
The company operates a defined contribution pension scheme. Contributions payable to the company's pension scheme are charged to profit or loss in the period to which they relate.

Impairment of assets
Assets, other than those measured at fair value, are assessed for indicators of impairment at each balance sheet date. If there is objective evidence of impairment, an impairment loss is recognised in profit or loss.

For financial assets carried at amortised costs, the amount of an impairment is the difference between the asset's carrying amount and the present value of estimated future cash flows, discounted at the financial asset's original effective interest rate.

For financial assets carried at cost less impairment, the impairment loss is the difference between the asset's carrying amount and the best estimate of the amount that would be received for the asset if it were to be sold at the reporting date.

Where indicators exist for the decrease in impairment loss, and the decrease can be related objectively to an event occuring after the impairment was recognised, the prior impairment loss is tested to determine reversal. An impairment loss is reversed on an individual impaired financial asset to the extent that the revised recoverable value does not lead to a revised carrying amount higher than the carrying value had no impairment been recognised.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 13 (2022 - 11 ) .

WESTAIR REPRODUCTIONS LIMITED (REGISTERED NUMBER: 01025108)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 30 NOVEMBER 2023


4. TANGIBLE FIXED ASSETS
Improvements Fixtures
to Plant and and Motor
property machinery fittings vehicles Totals
£    £    £    £    £   
COST
At 1 December 2022 1,746 4,996 53,099 84,690 144,531
Additions - - 3,206 - 3,206
Disposals - - - (16,250 ) (16,250 )
At 30 November 2023 1,746 4,996 56,305 68,440 131,487
DEPRECIATION
At 1 December 2022 1,746 4,824 38,312 26,231 71,113
Charge for year - 172 6,660 17,110 23,942
Eliminated on disposal - - - (16,250 ) (16,250 )
At 30 November 2023 1,746 4,996 44,972 27,091 78,805
NET BOOK VALUE
At 30 November 2023 - - 11,333 41,349 52,682
At 30 November 2022 - 172 14,787 58,459 73,418

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Trade debtors 113,843 181,383
Prepayments 9,887 8,275
123,730 189,658

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Trade creditors 68,649 104,257
Taxation and social security 203,748 113,821
Other creditors 7,201 1,430
279,598 219,508

7. LEASING AGREEMENTS

Minimum lease payments under non-cancellable operating leases fall due as follows:
2023 2022
£    £   
Within one year 48,000 41,500
Between one and five years 192,000 -
In more than five years 96,000 -
336,000 41,500

WESTAIR REPRODUCTIONS LIMITED (REGISTERED NUMBER: 01025108)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 30 NOVEMBER 2023


7. LEASING AGREEMENTS - continued

Commitments shown above are in respect of property for both the current and prior year.

8. CONTROLLING PARTY

No individual has control of the company.