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REGISTERED NUMBER: 06816868 (England and Wales)















UNAUDITED FINANCIAL STATEMENTS FOR THE YEAR ENDED 31ST MARCH 2024

FOR

WESTLINKS JOINERS & LOCKSMITHS LIMITED

WESTLINKS JOINERS & LOCKSMITHS LIMITED (REGISTERED NUMBER: 06816868)






CONTENTS OF THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31ST MARCH 2024




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


WESTLINKS JOINERS & LOCKSMITHS LIMITED

COMPANY INFORMATION
FOR THE YEAR ENDED 31ST MARCH 2024







DIRECTORS: W Ede
S Jackson
S Whitfield





SECRETARY:





REGISTERED OFFICE: 159 Southcoates Avenue
Hull
East Yorkshire
HU9 3HF





REGISTERED NUMBER: 06816868 (England and Wales)





ACCOUNTANTS: Flemingate - Accountancy and Taxation
1 Village Courtyard
High Street
Holme on Spalding Moor
York
North Yorkshire
YO43 4AA

WESTLINKS JOINERS & LOCKSMITHS LIMITED (REGISTERED NUMBER: 06816868)

BALANCE SHEET
31ST MARCH 2024

31.3.24 31.3.23
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 552,009 508,834

CURRENT ASSETS
Stocks 400,653 450,000
Debtors 5 595,613 628,662
996,266 1,078,662
CREDITORS
Amounts falling due within one year 6 851,956 775,587
NET CURRENT ASSETS 144,310 303,075
TOTAL ASSETS LESS CURRENT
LIABILITIES

696,319

811,909

CREDITORS
Amounts falling due after more than one
year

7

(426,734

)

(504,451

)

PROVISIONS FOR LIABILITIES (36,752 ) (19,068 )
NET ASSETS 232,833 288,390

CAPITAL AND RESERVES
Called up share capital 8 10 10
Revaluation reserve 9 148,525 148,525
Retained earnings 84,298 139,855
SHAREHOLDERS' FUNDS 232,833 288,390

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31st March 2024.

The members have not required the company to obtain an audit of its financial statements for the year ended 31st March 2024 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.

WESTLINKS JOINERS & LOCKSMITHS LIMITED (REGISTERED NUMBER: 06816868)

BALANCE SHEET - continued
31ST MARCH 2024


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 31st July 2024 and were signed on its behalf by:




W Ede - Director S Jackson - Director




S Whitfield - Director


WESTLINKS JOINERS & LOCKSMITHS LIMITED (REGISTERED NUMBER: 06816868)

NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31ST MARCH 2024

1. STATUTORY INFORMATION

Westlinks Joiners & Locksmiths 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 as modified by the revaluation of certain assets.

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 or, if held under a finance lease, over the lease term, whichever is the shorter.

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.

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.

Hire purchase and leasing commitments
Assets obtained under hire purchase contracts or finance leases are capitalised in the balance sheet. Those held under hire purchase contracts are depreciated over their estimated useful lives. Those held under finance leases are depreciated over their estimated useful lives or the lease term, whichever is the shorter.

The interest element of these obligations is charged to profit or loss over the relevant period. The capital element of the future payments is treated as a liability.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 72 (2023 - 63 ) .

WESTLINKS JOINERS & LOCKSMITHS LIMITED (REGISTERED NUMBER: 06816868)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31ST MARCH 2024

4. TANGIBLE FIXED ASSETS
Fixtures
Freehold Plant and and Motor
property machinery fittings vehicles Totals
£    £    £    £    £   
COST OR VALUATION
At 1st April 2023 405,000 98,200 13,103 226,623 742,926
Additions - - 2,460 84,182 86,642
At 31st March 2024 405,000 98,200 15,563 310,805 829,568
DEPRECIATION
At 1st April 2023 - 63,446 8,793 161,853 234,092
Charge for year - 5,213 1,016 37,238 43,467
At 31st March 2024 - 68,659 9,809 199,091 277,559
NET BOOK VALUE
At 31st March 2024 405,000 29,541 5,754 111,714 552,009
At 31st March 2023 405,000 34,754 4,310 64,770 508,834

Included in cost or valuation of land and buildings is freehold land of £ 405,000 (2023 - £ 405,000 ) which is not depreciated.

Cost or valuation at 31st March 2024 is represented by:

Fixtures
Freehold Plant and and Motor
property machinery fittings vehicles Totals
£    £    £    £    £   
Valuation in 2022 405,000 98,200 15,563 310,805 829,568

If freehold property had not been revalued it would have been included at the following historical cost:

31.3.24 31.3.23
£    £   
Cost 256,475 256,475

Freehold property was valued on an open market basis basis on 28th July 2022 by Leonards Chartered Surveyors .

WESTLINKS JOINERS & LOCKSMITHS LIMITED (REGISTERED NUMBER: 06816868)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31ST MARCH 2024

4. TANGIBLE FIXED ASSETS - continued

Fixed assets, included in the above, which are held under hire purchase contracts or finance leases are as follows:
Motor
vehicles
£   
COST OR VALUATION
At 1st April 2023 57,725
Additions 80,362
At 31st March 2024 138,087
DEPRECIATION
At 1st April 2023 17,131
Charge for year 30,239
At 31st March 2024 47,370
NET BOOK VALUE
At 31st March 2024 90,717
At 31st March 2023 40,594

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.3.24 31.3.23
£    £   
Trade debtors 551,068 526,873
Directors' current accounts - 14,560
Prepayments 44,545 87,229
595,613 628,662

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.3.24 31.3.23
£    £   
Bank loans and overdrafts 358,308 253,578
Trade creditors 209,852 221,103
Tax 107,543 80,471
Social security and other taxes 40,833 72,203
VAT 128,314 133,083
Directors' current accounts 1,917 12,670
Accrued expenses 5,189 2,479
851,956 775,587

7. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
31.3.24 31.3.23
£    £   
Bank loans - 1-2 years 194,294 159,037
Bank loans - 2-5 years 232,440 345,414
426,734 504,451

WESTLINKS JOINERS & LOCKSMITHS LIMITED (REGISTERED NUMBER: 06816868)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31ST MARCH 2024

8. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 31.3.24 31.3.23
value: £    £   
20,010 Ordinary £1 10 10

9. RESERVES
Revaluation
reserve
£   
At 1st April 2023
and 31st March 2024 148,525

10. RELATED PARTY DISCLOSURES

Throughout the course of the period the company transacted with the directors by way on interest free loan account. The transactions were as follows:-

Mr W Ede
The balance owing to the director at the balance sheet date was £ 750

Mr S Jackson
The balance owing to the director at the balance sheet date was £ 868

Mr S Whitfield
The balance owing to the director at the balance sheet date was £ 299

11. ULTIMATE CONTROLLING PARTY

The ultimate controlling party are the director's who own 100% of the issued share capital.