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REGISTERED NUMBER: 08620523 (England and Wales)















WESTLEY SE LIMITED

UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 JULY 2023






WESTLEY SE LIMITED (REGISTERED NUMBER: 08620523)






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


WESTLEY SE LIMITED

COMPANY INFORMATION
FOR THE YEAR ENDED 31 JULY 2023







DIRECTOR: Mr S R Westley





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





REGISTERED NUMBER: 08620523 (England and Wales)





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

WESTLEY SE LIMITED (REGISTERED NUMBER: 08620523)

BALANCE SHEET
31 JULY 2023

2023 2022
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 9,544 12,725

CURRENT ASSETS
Stocks 89,500 86,000
Debtors 5 85,592 7,842
175,092 93,842
CREDITORS
Amounts falling due within one year 6 182,960 96,430
NET CURRENT LIABILITIES (7,868 ) (2,588 )
TOTAL ASSETS LESS CURRENT
LIABILITIES

1,676

10,137

CREDITORS
Amounts falling due after more than one
year

7

35,467

40,601
NET LIABILITIES (33,791 ) (30,464 )

CAPITAL AND RESERVES
Called up share capital 2 2
Retained earnings (33,793 ) (30,466 )
(33,791 ) (30,464 )

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 director acknowledges his 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.

WESTLEY SE LIMITED (REGISTERED NUMBER: 08620523)

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 director and authorised for issue on 22 March 2024 and were signed by:





Mr S R Westley - Director


WESTLEY SE LIMITED (REGISTERED NUMBER: 08620523)

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

1. STATUTORY INFORMATION

Westley SE 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.

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

Stocks
Work in progress is valued at the lower of cost and net realisable value.

Cost is calculated using the first-in, first-out method and includes all purchase, transport, and handling costs in bringing stocks to their present location and condition.

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.

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.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 3 (2022 - 3 ) .

WESTLEY SE LIMITED (REGISTERED NUMBER: 08620523)

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

4. TANGIBLE FIXED ASSETS
Plant and
machinery
£   
COST
At 1 August 2022
and 31 July 2023 76,283
DEPRECIATION
At 1 August 2022 63,558
Charge for year 3,181
At 31 July 2023 66,739
NET BOOK VALUE
At 31 July 2023 9,544
At 31 July 2022 12,725

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Trade debtors 83,503 6,588
VAT 2,089 1,254
85,592 7,842

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Bank loans and overdrafts 3,320 5,921
Other loans 5,135 5,971
Trade creditors 43,103 17,840
Corporation Tax - 2,643
Sundry creditors - 83
Directors' current accounts 129,752 62,322
Accrued expenses 1,650 1,650
182,960 96,430

7. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
2023 2022
£    £   
Other loans - 1-2 years 35,467 40,601