1 January 2023 false No description of principal activity Taxfiler 2024.5 SC312611business:PrivateLimitedCompanyLtd2023-01-012023-12-31 SC3126112022-12-31 SC3126112023-01-012023-12-31 SC312611business:AuditExemptWithAccountantsReport2023-01-012023-12-31 SC312611business:AbridgedAccounts2023-01-012023-12-31 SC3126112023-12-31 SC312611business:Director12023-01-012023-12-31 SC312611business:Director22023-01-012023-12-31 SC312611business:CompanySecretary12023-01-012023-12-31 SC312611business:RegisteredOffice2023-01-012023-12-31 SC3126112022-12-31 SC312611core:WithinOneYear2023-12-31 SC312611core:WithinOneYear2022-12-31 SC312611core:AfterOneYear2023-12-31 SC312611core:AfterOneYear2022-12-31 SC312611core:ShareCapitalcore:PreviouslyStatedAmount2023-12-31 SC312611core:ShareCapitalcore:PreviouslyStatedAmount2022-12-31 SC312611core:RetainedEarningsAccumulatedLossescore:PreviouslyStatedAmount2023-12-31 SC312611core:RetainedEarningsAccumulatedLossescore:PreviouslyStatedAmount2022-12-31 SC312611core:PreviouslyStatedAmount2023-12-31 SC312611core:PreviouslyStatedAmount2022-12-31 SC312611business:SmallEntities2023-01-012023-12-31 SC312611countries:Scotland2023-01-012023-12-31 SC312611core:LandBuildings2023-01-012023-12-31 SC312611core:PlantMachinery2023-01-012023-12-31 SC312611core:MotorVehicles2023-01-012023-12-31 SC312611core:FurnitureFittings2023-01-012023-12-31 SC312611core:MotorVehiclescore:LeasedAssetsHeldAsLessee2023-12-31 SC312611core:MotorVehiclescore:LeasedAssetsHeldAsLessee2022-12-31 SC312611core:BetweenOneFiveYears2023-12-31 SC312611core:BetweenOneFiveYears2022-12-31 SC3126112022-01-012022-12-31 iso4217:GBP xbrli:pure
Company Registration No. SC312611 (Scotland)
Wee Westie Limited Unaudited accounts for the year ended 31 December 2023
Wee Westie Limited Unaudited accounts Contents
Page
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Wee Westie Limited Company Information for the year ended 31 December 2023
Directors
M Dunthorne B A Dunthorne
Secretary
B A Dunthorne
Company Number
SC312611 (Scotland)
Registered Office
14 Cabrich Kirkhill Inverness IV5 7PH
Accountants
CMM Accountancy (Inverness) Limited The Green House Beechwood Business Park North Inverness IV2 3BL
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Wee Westie Limited Statement of financial position as at 31 December 2023
2023 
2022 
Notes
£ 
£ 
Fixed assets
Tangible assets
344,346 
336,100 
Investments
61 
61 
344,407 
336,161 
Current assets
Inventories
32,076 
53,518 
Debtors
11,480 
27,340 
Cash at bank and in hand
36,827 
33,172 
80,383 
114,030 
Creditors: amounts falling due within one year
(213,870)
(211,918)
Net current liabilities
(133,487)
(97,888)
Total assets less current liabilities
210,920 
238,273 
Creditors: amounts falling due after more than one year
(98,408)
(124,947)
Provisions for liabilities
Deferred tax
(39,030)
(29,727)
Net assets
73,482 
83,599 
Capital and reserves
Called up share capital
100 
100 
Profit and loss account
73,382 
83,499 
Shareholders' funds
73,482 
83,599 
For the year ending 31 December 2023 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies. The members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.
The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.
The members have agreed to the preparation of abridged accounts for the year in accordance with Section 444(2A).
These accounts have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies' regime and in accordance with the provisions of FRS 102 Section 1A - Small Entities. The profit and loss account has not been delivered to the Registrar of Companies.
The financial statements were approved by the Board of Directors and authorised for issue on 11 September 2024 and were signed on its behalf by
B A Dunthorne Director Company Registration No. SC312611
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Wee Westie Limited Notes to the Accounts for the year ended 31 December 2023
1
Statutory information
Wee Westie Limited is a private company, limited by shares, registered in Scotland, registration number SC312611. The registered office is 14 Cabrich, Kirkhill, Inverness, IV5 7PH.
2
Compliance with accounting standards
The accounts have been prepared in accordance with the provisions of FRS 102 Section 1A Small Entities. There were no material departures from that standard.
3
Accounting policies
The principal accounting policies adopted in the preparation of the financial statements are set out below and have remained unchanged from the previous year, and also have been consistently applied within the same accounts.
Basis of preparation
The accounts have been prepared under the historical cost convention as modified by the revaluation of certain fixed assets.
Presentation currency
The accounts are presented in £ sterling.
Turnover
Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes. Turnover from the sale of goods is recognised when goods have been delivered to customers such that risks and rewards of ownership have transferred to them. Turnover from the rendering of services is recognised by reference to the stage of completion of the contract. The stage of completion of a contract is measured by comparing the costs incurred for work performed to date to the total estimated contract costs.
Tangible fixed assets and depreciation
During the year the accounting policy used to determine which class of assets capital items are allocated to has been revised. The brought forward fixed asset balances have been restated to reflect the change in accounting policy. This has had no effect on distributable reserves. Tangible assets are included at cost less depreciation and impairment. Depreciation has been provided at the following rates in order to write off the assets over their estimated useful lives:
Land & buildings
6.67% Straight line
Plant & machinery
20% Straight line
Motor vehicles
20% Straight line
Fixtures & fittings
20% Straight line
Intangible fixed assets
Intangible fixed assets (including purchased goodwill and patents) are included at cost less accumulated amortisation.
Investments
Investments in shares are included at cost.
Inventories
Inventories have been valued at the lower of cost and estimated selling price less costs to complete and sell. In respect of work in progress and finished goods, cost includes a relevant proportion of overheads according to the stage of manufacturing/completion.
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Wee Westie Limited Notes to the Accounts for the year ended 31 December 2023
Deferred taxation
Deferred tax arises as a result of including items of income and expenditure in taxation computations in periods different from those in which they are included in the company's accounts. Deferred tax is provided in full on timing differences which result in an obligation to pay more (or less) tax at a future date, at the average tax rates that are expected to apply when the timing differences reverse, based on current tax rates and laws. Deferred tax assets and liabilities are not discounted.
Group accounts
The company is entitled to the exemption under Section 398 of the Companies Act 2006 from the obligation to prepare group accounts.
Pension costs
The company operates a defined contribution scheme for the benefit of its employees. Contributions payable are recognised in the profit and loss account when due.
Leased assets
Rentals applicable to operating leases where substantially all of the benefits and risks of ownership remain with the lessor are charged against profit on a straight line basis over the lease term. Assets held under finance leases and hire purchase contracts are capitalised and depreciated over their useful lives. The corresponding lease or hire purchase obligation is treated in the balance sheet as a liability. The interest element of rental obligations is charged to the profit and loss account over the period of the lease at a constant proportion of the outstanding balance of capital repayments.
Government grants
Government grants in relation to tangible fixed assets are credited to profit and loss account over the useful lives of the related assets, whereas those in relation to expenditure are credited when the expenditure is charged to profit and loss.
4
Intangible fixed assets
Total 
£ 
Cost
At 1 January 2023
41,690 
At 31 December 2023
41,690 
Amortisation
At 1 January 2023
41,690 
At 31 December 2023
41,690 
Net book value
At 31 December 2023
- 
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Wee Westie Limited Notes to the Accounts for the year ended 31 December 2023
5
Tangible fixed assets
Total 
£ 
Cost or valuation
At 1 January 2023
690,947 
Additions
118,702 
Disposals
(103,182)
At 31 December 2023
706,467 
Depreciation
At 1 January 2023
354,847 
Charge for the year
98,221 
On disposals
(90,947)
At 31 December 2023
362,121 
Net book value
At 31 December 2023
344,346 
At 31 December 2022
336,100 
2023 
2022 
Carrying values included above held under finance leases and hire purchase contracts:
£ 
£ 
- Motor vehicles
74,710 
44,637 
6
Operating lease commitments
2023 
2022 
£ 
£ 
At 31 December 2023 the company had the following future minimum lease payments under non-cancellable operating leases for each of the following periods:
Not later than one year
700 
5,458 
Later than one year and not later than five years
13,000 
9,100 
13,700 
14,558 
7
Average number of employees
During the year the average number of employees was 27 (2022: 31).
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