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REGISTERED NUMBER: 02680675 (England and Wales)















UNAUDITED FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 JULY 2023

FOR

Westcare Limited

Westcare Limited (Registered number: 02680675)






CONTENTS OF THE FINANCIAL STATEMENTS
for the year ended 31 July 2023




Page

Company Information 1

Balance Sheet 2 to 3

Notes to the Financial Statements 4 to 8


Westcare Limited

COMPANY INFORMATION
for the year ended 31 July 2023







Directors: Miss D Webster
Mrs F Boulton





Registered office: Unit 20, Forresters Business Park
35 Estover Close
Plymouth
Devon
PL6 7PL





Registered number: 02680675 (England and Wales)





Accountants: Nigel Webster & Co
129 North Hill
Plymouth
Devon
PL4 8JY

Westcare Limited (Registered number: 02680675)

BALANCE SHEET
31 July 2023

2023 2022
Notes £    £    £    £   
Fixed assets
Intangible assets 4 - -
Tangible assets 5 68,902 91,481
68,902 91,481

Current assets
Stocks 111,911 215,734
Debtors 6 407,453 544,529
Cash at bank and in hand 211,197 219,174
730,561 979,437
Creditors
Amounts falling due within one year 7 526,595 210,839
Net current assets 203,966 768,598
Total assets less current liabilities 272,868 860,079

Creditors
Amounts falling due after more than
one year

8

(61,661

)

(123,321

)

Provisions for liabilities 11 (6,500 ) (8,600 )
Net assets 204,707 728,158

Capital and reserves
Called up share capital 12 50 50
Capital redemption reserve 50 50
Profit and loss account 204,607 728,058
Shareholders' funds 204,707 728,158

Westcare Limited (Registered number: 02680675)

BALANCE SHEET - continued
31 July 2023


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.

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 Profit & Loss Account has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 20 November 2023 and were signed on its behalf by:





Miss D Webster - Director


Westcare Limited (Registered number: 02680675)

NOTES TO THE FINANCIAL STATEMENTS
for the year ended 31 July 2023

1. STATUTORY INFORMATION

Westcare 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 receivable, including any uninvoiced work in progress as at the year end, net of discounts and value added tax. Turnover includes revenue from the sale of goods and is recognised when the significant risks and rewards of ownership of the goods have transferred to the buyer.

Goodwill
Goodwill, being the amount paid in connection with the aquisition of businesses is amortised evenly over its estimated useful life of five years.

Intangible assets
Intangible assets are initially measured at cost. After initial recognition, intangible assets are measured at cost less any accumulated amortisation and any accumulated impairment losses.

Tangible fixed assets
Depreciation is calculated to write down the cost of tangible fixed assets over their expected useful economic lives using the following rates:

Freehold land - nil
Freehold property- straight line over 50 years
Leasehold upgrades- straight line over remaining period of primary lease
Fittings & equipment- 10%-50% reducing balance
Vans - 25% reducing balance

Stocks
Stock is valued at the lower of cost and net realisable value. Cost is determined on a first in, first out basis. Net realisable value represents estimated selling price less costs required to sell. Provision is made for slow moving, obsolete or damaged stock where the net realisable value is less than cost.


Westcare Limited (Registered number: 02680675)

NOTES TO THE FINANCIAL STATEMENTS - continued
for the year ended 31 July 2023

2. ACCOUNTING POLICIES - continued
Taxation
Taxation for the year comprises current and deferred tax. Tax is recognised in the Profit & Loss Account, 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
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.

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.

Creditors
Short term creditors are measured at transaction price (which is usually the invoice price). Loans and other financial liabilities are initially recognised at transaction price net of any transaction costs and subsequently measured at amortised cost determined using the effective interest method.

Debtors
Short term debtors are measured at transaction price (which is usually the invoice price), less any impairment losses for bad and doubtful debts. Loans and other financial assets are initially recognised at transaction price including any transaction costs and subsequently measured at amortised cost determined using the effective interest method, less any impairment losses for bad and doubtful debts.

Grants
Grants received in respect of the purchase of fixed assets are recorded as deferred income in creditors. The grant income is released on a straight line basis to the profit and loss account over the expected useful economic life of the relevant asset. Amounts released in the period are included within other operating income.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 25 (2022 - 26 ) .

Westcare Limited (Registered number: 02680675)

NOTES TO THE FINANCIAL STATEMENTS - continued
for the year ended 31 July 2023

4. INTANGIBLE FIXED ASSETS
Goodwill
£   
Cost
At 1 August 2022
and 31 July 2023 62,360
Amortisation
At 1 August 2022
and 31 July 2023 62,360
Net book value
At 31 July 2023 -
At 31 July 2022 -

5. TANGIBLE FIXED ASSETS
Buildings
& leasehold
upgrades Vans Totals
£    £    £   
Cost
At 1 August 2022
and 31 July 2023 106,600 65,697 172,297
Depreciation
At 1 August 2022 35,926 44,890 80,816
Charge for year 17,377 5,202 22,579
At 31 July 2023 53,303 50,092 103,395
Net book value
At 31 July 2023 53,297 15,605 68,902
At 31 July 2022 70,674 20,807 91,481

6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Trade debtors 302,721 232,320
Amounts owed by group undertakings 1,147 293,949
Other debtors 103,585 18,260
407,453 544,529

Westcare Limited (Registered number: 02680675)

NOTES TO THE FINANCIAL STATEMENTS - continued
for the year ended 31 July 2023

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Bank loans and overdrafts 61,826 61,661
Trade creditors 197,616 78,663
Amounts owed to group undertakings 191,042 -
Taxation and social security 63,873 56,302
Other creditors 12,238 14,213
526,595 210,839

8. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN
ONE YEAR
2023 2022
£    £   
Bank loans 61,661 123,321

9. LEASING AGREEMENTS

Minimum lease payments under non-cancellable operating leases fall due as follows:
2023 2022
£    £   
Within one year 55,000 48,000
Between one and five years 96,250 132,000
151,250 180,000

10. SECURED DEBTS

The following secured debts are included within creditors:

2023 2022
£    £   
Bank overdraft 165 -
Bank loans 123,322 184,982
123,487 184,982

11. PROVISIONS FOR LIABILITIES
2023 2022
£    £   
Deferred tax 6,500 8,600

Westcare Limited (Registered number: 02680675)

NOTES TO THE FINANCIAL STATEMENTS - continued
for the year ended 31 July 2023

11. PROVISIONS FOR LIABILITIES - continued

Deferred
tax
£   
Balance at 1 August 2022 8,600
Provided during year (2,100 )
Balance at 31 July 2023 6,500

12. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 2023 2022
value: £    £   
50 Ordinary shares £1 50 50

13. RELATED PARTY DISCLOSURES AND TRANSACTIONS WITH DIRECTORS

At the balance sheet date the company owed D Webster the director of the company and owner of the holding company £833.

No interest has been charged on this amount.

During the year, dividends of £540,000, rent of £48,014, hire of equipment of £5,000 and service charges of £7,200 were paid to Westfit Limited.

14. ULTIMATE CONTROLLING PARTY

Westcare Limited is a 100% subsidiary of Westfit Limited which is wholly owned by Miss D P Webster.