Acorah Software Products - Accounts Production 15.0.600 false true 31 December 2022 1 January 2022 false 1 January 2023 31 December 2023 31 December 2023 13057997 Mr W Allen Mr J Kirkham iso4217:GBP iso4217:EUR iso4217:USD xbrli:shares xbrli:pure xbrli:pure 13057997 2022-12-31 13057997 2023-12-31 13057997 2023-01-01 2023-12-31 13057997 frs-core:CurrentFinancialInstruments 2023-12-31 13057997 frs-core:ShareCapital 2023-12-31 13057997 frs-core:RetainedEarningsAccumulatedLosses 2023-12-31 13057997 frs-bus:PrivateLimitedCompanyLtd 2023-01-01 2023-12-31 13057997 frs-bus:FilletedAccounts 2023-01-01 2023-12-31 13057997 frs-bus:SmallEntities 2023-01-01 2023-12-31 13057997 frs-bus:AuditExempt-NoAccountantsReport 2023-01-01 2023-12-31 13057997 frs-bus:SmallCompaniesRegimeForAccounts 2023-01-01 2023-12-31 13057997 frs-bus:Director1 2023-01-01 2023-12-31 13057997 frs-bus:Director2 2023-01-01 2023-12-31 13057997 frs-countries:EnglandWales 2023-01-01 2023-12-31 13057997 2021-12-31 13057997 2022-12-31 13057997 2022-01-01 2022-12-31 13057997 frs-core:CurrentFinancialInstruments 2022-12-31 13057997 frs-core:ShareCapital 2022-12-31 13057997 frs-core:RetainedEarningsAccumulatedLosses 2022-12-31
Registered number: 13057997
Westkirk Homes Limited
Unaudited Financial Statements
For The Year Ended 31 December 2023
Contents
Page
Statement of Financial Position 1
Notes to the Financial Statements 2—3
Page 1
Statement of Financial Position
Registered number: 13057997
2023 2022
Notes £ £ £ £
CURRENT ASSETS
Cash at bank and in hand 3,219 10,681
3,219 10,681
Creditors: Amounts Falling Due Within One Year 4 (483 ) (8,006 )
NET CURRENT ASSETS (LIABILITIES) 2,736 2,675
TOTAL ASSETS LESS CURRENT LIABILITIES 2,736 2,675
NET ASSETS 2,736 2,675
CAPITAL AND RESERVES
Called up share capital 5 2 2
Income Statement 2,734 2,673
SHAREHOLDERS' FUNDS 2,736 2,675
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.
These accounts have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies' regime.
The company has taken advantage of section 444(1) of the Companies Act 2006 and opted not to deliver to the registrar a copy of the company's Income Statement.
On behalf of the board
Mr J Kirkham
Director
19 September 2024
The notes on pages 2 to 3 form part of these financial statements.
Page 1
Page 2
Notes to the Financial Statements
1. General Information
Westkirk Homes Limited is a private company, limited by shares, incorporated in England & Wales, registered number 13057997 . The registered office is Hanover Buildings, 11-13 Hanover Street, Liverpool, Merseyside, L1 3DN.
2. Accounting Policies
2.1. Basis of Preparation of Financial Statements
The financial statements have been prepared on the historical cost basis, as modified by the revaluation of certain financial assets and liabilities and investment properties measured at fair value through profit or loss.
The financial statements are prepared in sterling, which is the functional currency of the entity.
These financial statements have been prepared in compliance with Section 1A of FRS 102, 'The Financial Reporting Standard applicable in the UK and the Republic of Ireland'.
2.2. Turnover
Turnover is measured at the fair value of the consideration received or receivable, net of discounts and value added taxes. Turnover includes revenue earned from the sale of goods and from the rendering of services. Turnover is reduced for estimated customer returns, rebates and other similar allowances.
Rendering of services
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. Turnover is only recognised to the extent of recoverable expenses when the outcome of a contract cannot be estimated reliably.
2.3. Financial Instruments
Financial liabilities and equity instruments are classified according to the substance of the contractual arrangements entered into. An equity instrument is any contract that evidences a residual interest in the assets of the entity after deducting all of its financial liabilities.
Where the contractual obligations of financial instruments (including share capital) are equivalent to a similar debt instrument, those financial instruments are classed as financial liabilities. Financial liabilities are presented as such in the balance sheet. Finance costs and gains or losses relating to financial liabilities are included in the profit and loss account. Finance costs are calculated so as to produce a constant rate of return on the outstanding liability.
Where the contractual terms of share capital do not have any terms meeting the definition of a financial liability then this is classed as an equity instrument. Dividends and distributions relating to equity instruments are debited direct to equity.
2.4. Taxation
The taxation expense represents the aggregate amount of current and deferred tax recognised in the reporting period. Tax is recognised in profit or loss, except to the extent that it relates to items recognised in other comprehensive income or directly in equity. In this case, tax is recognised in other comprehensive income or directly in equity, respectively.
Deferred tax is recognised in respect of all timing differences at the reporting date. Unrelieved tax losses and other deferred tax assets are recognised to the extent that it is probable that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits. Deferred tax is measured using the tax rates and laws that have been enacted or substantively enacted by the reporting date that are expected to apply to the reversal of the timing difference.
3. Average Number of Employees
Average number of employees, including directors, during the year was: NIL (2022: NIL)
- -
4. Creditors: Amounts Falling Due Within One Year
2023 2022
£ £
Trade creditors - 1
Corporation tax 483 414
Accruals and deferred income - 7,000
Directors' loan accounts - 591
483 8,006
Page 2
Page 3
5. Share Capital
2023 2022
£ £
Allotted, Called up and fully paid 2 2
6. Directors Advances, Credits and Guarantees
No director received advances, credits or guarantees during the current or previous accounting periods.
Dividends paid to directors:
2023 2022
£ £
Mr W Allen 1,000 1,000
Mr J Kirkham 1,000 -
7. Related Party Transactions
No transactions with related parties were undertaken such as are required to be disclosed in accordance with FRS 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland'.
Page 3