Westerleigh Brands Ltd 11196061 false 2023-01-01 2023-12-31 2023-12-31 The principal activity of the company is wholesale of food, beverages and confectionery. Digita Accounts Production Advanced 6.30.9574.0 true true 11196061 2023-01-01 2023-12-31 11196061 2023-12-31 11196061 core:RetainedEarningsAccumulatedLosses 2023-12-31 11196061 core:ShareCapital 2023-12-31 11196061 core:CurrentFinancialInstruments core:WithinOneYear 2023-12-31 11196061 bus:SmallEntities 2023-01-01 2023-12-31 11196061 bus:Audited 2023-01-01 2023-12-31 11196061 bus:FullAccounts 2023-01-01 2023-12-31 11196061 bus:SmallCompaniesRegimeForAccounts 2023-01-01 2023-12-31 11196061 bus:RegisteredOffice 2023-01-01 2023-12-31 11196061 bus:Director5 2023-01-01 2023-12-31 11196061 bus:PrivateLimitedCompanyLtd 2023-01-01 2023-12-31 11196061 core:EntitiesWithJointControlOrSignificantInfluenceOverReportingEntity 2023-01-01 2023-12-31 11196061 core:ParentEntities 2023-01-01 2023-12-31 11196061 1 2023-01-01 2023-12-31 11196061 countries:EnglandWales 2023-01-01 2023-12-31 11196061 2022-01-01 2022-12-31 11196061 2022-12-31 11196061 core:RetainedEarningsAccumulatedLosses 2022-12-31 11196061 core:ShareCapital 2022-12-31 11196061 core:CurrentFinancialInstruments core:WithinOneYear 2022-12-31 iso4217:GBP xbrli:pure

Registration number: 11196061

Westerleigh Brands Ltd

Annual Report and Filleted Abridged Financial Statements

for the Year Ended 31 December 2023

 

Westerleigh Brands Ltd

Contents

Abridged Balance Sheet

1

Notes to the Abridged Financial Statements

2 to 3

 

Westerleigh Brands Ltd

(Registration number: 11196061)
Abridged Balance Sheet as at 31 December 2023

Note

2023
£

2022
£

Current assets

 

Stocks

-

8,047

Debtors

15

13,111

Cash at bank and in hand

 

1,531

162,780

 

1,546

183,938

Creditors: Amounts falling due within one year

(1,431)

(155,896)

Net assets

 

115

28,042

Capital and reserves

 

Called up share capital

100

100

Profit and loss account

15

27,942

Total equity

 

115

28,042

These financial statements have been prepared in accordance with the special provisions relating to companies subject to the small companies regime within Part 15 of the Companies Act 2006.

These financial statements have been delivered in accordance with the provisions applicable to companies subject to the small companies regime and the option not to file the Profit and Loss Account has been taken.

All of the Company’s members have consented to the preparation of an Abridged Profit and Loss Account and an Abridged Balance Sheet in accordance with Section 444(2A) of the Companies Act 2006.

Approved and authorised by the Board on 19 September 2024 and signed on its behalf by:
 




Mr RS Holley

Director

 

Westerleigh Brands Ltd

Notes to the Abridged Financial Statements for the Year Ended 31 December 2023

1

General information

The company is a private company limited by share capital, incorporated in England and Wales.

The address of its registered office is:
Unit F Boscombe Business Park
Severn Road
Hallen
Bristol
BS10 7SB

These financial statements were authorised for issue by the Board on 19 September 2024.

2

Accounting policies

Statement of compliance

These abridged financial statements were prepared in accordance with Financial Reporting Standard 102 Section 1A 'The Financial Reporting Standard applicable in the UK and Republic of Ireland' and the Companies Act 2006.

Basis of preparation

These abridged financial statements have been prepared using the historical cost convention except that as disclosed in the accounting policies certain items are shown at fair value.

Audit report

The Independent Auditor's Report was unqualified. The name of the Senior Statutory Auditor who signed the audit report on 19 September 2024 was Mr Duncan Nicholas FCA, who signed for and on behalf of Moore Scarrott Audit Limited.

Revenue recognition

Turnover comprises the fair value of the consideration received or receivable for the sale of goods and provision of services in the ordinary course of the company’s activities. Turnover is shown net of sales/value added tax, returns, rebates and discounts.

The company recognises revenue when the amount of revenue can be reliably measured, it is probable the future economic benefits will flow into the entity, and specific criteria have been met for each of the company activities.

Foreign currency transactions and balances

Transactions in foreign currencies are initially recorded at the functional currency rate prevailing at the date of the transaction. Monetary assets and liabilities denominated in foreign currencies are retranslated into the respective functional currency of the entity at the rates prevailing on the reporting period date. Non-monetary items carried at fair value that are denominated in foreign currencies are retranslated at the rate on the date when the fair value is re-measured.

Non-monetary items measured in terms of historical cost in a foreign currency are not retranslated.

Tax

The tax expense for the period comprises current and deferred tax. Tax is recognised in profit or loss, except that a change attributable to an item of income or expense recognised as other comprehensive income is also recognised directly in other comprehensive income.

The current tax charge is calculated on the basis of tax rates and laws that have been enacted or substantively enacted by the reporting date in the countries where the company operates and generates taxable income.

 

Westerleigh Brands Ltd

Notes to the Abridged Financial Statements for the Year Ended 31 December 2023

Deferred tax is recognised on temporary differences arising between the tax bases of assets and liabilities and their carrying amounts in the financial statements and on unused tax losses or tax credits in the company. Deferred income tax is determined using tax rates and laws that have been enacted or substantively enacted by the reporting date.

The carrying amount of deferred tax assets are reviewed at each reporting date and a valuation allowance is set up against deferred tax assets so that the net carrying amount equals the highest amount that is more likely than not to be recovered based on current or future taxable profit.

Stocks

Stocks are stated at the lower of cost and estimated selling price less costs to complete and sell.

The cost of finished goods and work in progress comprises direct materials and, where applicable, direct labour costs and those overheads that have been incurred in bringing the stocks to their present location and condition. At each reporting date, stocks are assessed for impairment. If stocks are impaired, the carrying amount is reduced to its selling price less costs to complete and sell; the impairment loss is recognised immediately in profit or loss.

3

Staff numbers

The average number of persons employed by the company (including directors) during the year, was 7 (2022 - 7).

4

Related party transactions

Summary of transactions with parent

During the year Westerleigh Brands Ltd entered into interest free transactions with its parent Holleys Fine Foods Holdings Ltd. During the year, £8,549 was written off as an exceptional expense. At the year end, the outstanding balance due to the parent was £1,431 (2022: £78,349) which is included within the creditors.
 

Summary of transactions with entities with joint control or significant interest

During the year Westerleigh Brands Ltd entered into interest free transactions with Holleys Fine Foods Ltd, a fellow subsidiary of Holleys Fine Foods Holdings Ltd. During the year, £14,970 was written off as exceptional income. At the year end, the outstanding balance due to this related party was £nil (2022: £53,676) which is included within the creditors.
 

5

Parent and ultimate parent undertaking

The company's immediate parent is Holleys Fine Foods Holdings Limited, incorporated in England.

  These financial statements are available upon request from Companies House.