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REGISTERED NUMBER: 08620392















WESTLEYHIRE LIMITED

UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 JULY 2023






WESTLEYHIRE LIMITED (REGISTERED NUMBER: 08620392)






CONTENTS OF THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 JULY 2023




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


WESTLEYHIRE LIMITED

COMPANY INFORMATION
FOR THE YEAR ENDED 31 JULY 2023







DIRECTORS: Ms J A Hogbin
Mr S R Westley





REGISTERED OFFICE: Boarded House Farm
Herne Common
Canterbury Road
Herne Bay
Kent
CT6 7LG





REGISTERED NUMBER: 08620392





ACCOUNTANTS: Spurling Cannon
King Arthur’s Court
Maidstone Road
Charing
Kent
TN27 0JS

WESTLEYHIRE LIMITED (REGISTERED NUMBER: 08620392)

BALANCE SHEET
31 JULY 2023

2023 2022
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 57,778 76,637

CURRENT ASSETS
Stocks 54,750 -
Debtors 5 27,484 41,566
Cash at bank 6,664 -
88,898 41,566
CREDITORS
Amounts falling due within one year 6 147,220 99,160
NET CURRENT LIABILITIES (58,322 ) (57,594 )
TOTAL ASSETS LESS CURRENT
LIABILITIES

(544

)

19,043

CREDITORS
Amounts falling due after more than one
year

7

70,938

83,468
NET LIABILITIES (71,482 ) (64,425 )

CAPITAL AND RESERVES
Called up share capital 1 1
Retained earnings (71,483 ) (64,426 )
(71,482 ) (64,425 )

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 July 2023.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 July 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.

WESTLEYHIRE LIMITED (REGISTERED NUMBER: 08620392)

BALANCE SHEET - continued
31 JULY 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 22 March 2024 and were signed on its behalf by:





Mr S R Westley - Director


WESTLEYHIRE LIMITED (REGISTERED NUMBER: 08620392)

NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 JULY 2023

1. STATUTORY INFORMATION

Westleyhire Limited is a private company, limited by shares , registered in Not specified/Other. The company's registered number and registered office address can be found on the Company Information page.

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.
Plant and machinery - 25% on reducing balance
Computer equipment - 25% on reducing balance

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

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.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 5 (2022 - 10 ) .

WESTLEYHIRE LIMITED (REGISTERED NUMBER: 08620392)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 JULY 2023

4. TANGIBLE FIXED ASSETS
Plant and Computer
machinery equipment Totals
£    £    £   
COST
At 1 August 2022 157,763 - 157,763
Additions - 400 400
At 31 July 2023 157,763 400 158,163
DEPRECIATION
At 1 August 2022 81,126 - 81,126
Charge for year 19,159 100 19,259
At 31 July 2023 100,285 100 100,385
NET BOOK VALUE
At 31 July 2023 57,478 300 57,778
At 31 July 2022 76,637 - 76,637

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Trade debtors 27,484 41,566

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Bank loans and overdrafts - 5,416
Loans - less than 1 year 5,105 5,942
Hire purchase contracts 14,249 19,146
Trade creditors 20,029 8,470
Social security and other taxes 124 -
VAT 11,756 11,352
Directors' current accounts 94,307 47,184
Accrued expenses 1,650 1,650
147,220 99,160

7. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
2023 2022
£    £   
Loans - more than 1 year 36,660 41,765
Hire purchase contracts 34,278 41,703
70,938 83,468

WESTLEYHIRE LIMITED (REGISTERED NUMBER: 08620392)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 JULY 2023

8. GOING CONCERN

The company made a loss during the year and at the balance sheet date, it had net liabilities. The
company is reliant on the support by the director, who has lent the company a loan.

On the basis that the director will continue to support the reporting entity for the foreseeable future,
the director considers it appropriate to prepare the financial statements on a going concern basis.