Acorah Software Products - Accounts Production 15.0.600 false true true 31 December 2022 1 January 2022 false 1 January 2023 31 December 2023 31 December 2023 08321885 Mr David Locke Mr David Royden LOCKE true iso4217:GBP iso4217:EUR iso4217:USD xbrli:shares xbrli:pure xbrli:pure 08321885 2022-12-31 08321885 2023-12-31 08321885 2023-01-01 2023-12-31 08321885 frs-core:CurrentFinancialInstruments 2023-12-31 08321885 frs-core:Non-currentFinancialInstruments 2023-12-31 08321885 frs-core:BetweenOneFiveYears 2023-12-31 08321885 frs-core:ComputerEquipment 2023-12-31 08321885 frs-core:ComputerEquipment 2023-01-01 2023-12-31 08321885 frs-core:ComputerEquipment 2022-12-31 08321885 frs-core:MotorVehicles 2023-12-31 08321885 frs-core:MotorVehicles 2023-01-01 2023-12-31 08321885 frs-core:MotorVehicles 2022-12-31 08321885 frs-core:PlantMachinery 2023-12-31 08321885 frs-core:PlantMachinery 2023-01-01 2023-12-31 08321885 frs-core:PlantMachinery 2022-12-31 08321885 frs-core:WithinOneYear 2023-12-31 08321885 frs-core:ShareCapital 2023-12-31 08321885 frs-core:RetainedEarningsAccumulatedLosses 2023-12-31 08321885 frs-bus:PrivateLimitedCompanyLtd 2023-01-01 2023-12-31 08321885 frs-bus:FilletedAccounts 2023-01-01 2023-12-31 08321885 frs-bus:SmallEntities 2023-01-01 2023-12-31 08321885 frs-bus:AuditExempt-NoAccountantsReport 2023-01-01 2023-12-31 08321885 frs-bus:SmallCompaniesRegimeForAccounts 2023-01-01 2023-12-31 08321885 1 2023-01-01 2023-12-31 08321885 frs-bus:Director1 2023-01-01 2023-12-31 08321885 frs-bus:Director1 2022-12-31 08321885 frs-bus:Director1 2023-12-31 08321885 frs-countries:EnglandWales 2023-01-01 2023-12-31 08321885 2021-12-31 08321885 2022-12-31 08321885 2022-01-01 2022-12-31 08321885 frs-core:CurrentFinancialInstruments 2022-12-31 08321885 frs-core:Non-currentFinancialInstruments 2022-12-31 08321885 frs-core:BetweenOneFiveYears 2022-12-31 08321885 frs-core:WithinOneYear 2022-12-31 08321885 frs-core:ShareCapital 2022-12-31 08321885 frs-core:RetainedEarningsAccumulatedLosses 2022-12-31
Registered number: 08321885
Westwood Mot, Tyre & Service Centre Ltd
Unaudited Financial Statements
For The Year Ended 31 December 2023
Kent Coast Accounts Ltd
AAT Licenced Accountants
39 Brooke Avenue
Margate
Kent
CT9 5NG
Balance Sheet
Registered number: 08321885
2023 2022
Notes £ £ £ £
FIXED ASSETS
Tangible Assets 4 111,501 132,743
111,501 132,743
CURRENT ASSETS
Stocks 5 1,000 1,000
Debtors 6 39,044 3,460
Cash at bank and in hand 69,330 83,944
109,374 88,404
Creditors: Amounts Falling Due Within One Year 7 (42,778 ) (37,969 )
NET CURRENT ASSETS (LIABILITIES) 66,596 50,435
TOTAL ASSETS LESS CURRENT LIABILITIES 178,097 183,178
Creditors: Amounts Falling Due After More Than One Year 8 (95,501 ) (110,036 )
PROVISIONS FOR LIABILITIES
Deferred Taxation - (14,391 )
NET ASSETS 82,596 58,751
CAPITAL AND RESERVES
Called up share capital 10 1,000 1,000
Profit and Loss Account 81,596 57,751
SHAREHOLDERS' FUNDS 82,596 58,751
Page 0
Page 1
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 member has not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.
The director acknowledges his 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 Profit and Loss Account.
On behalf of the board
Mr David Locke
Director
20th September 2024
The notes on pages 2 to 4 form part of these financial statements.
Page 1
Page 2
Notes to the Financial Statements
1. General Information
Westwood Mot, Tyre & Service Centre Ltd is a private company, limited by shares, incorporated in England & Wales, registered number 08321885 . The registered office is Unit 3, Goodwin Park, Westwood Industrial Estate, Continental Approach, Margate, Kent, CT9 4HX.
2. Accounting Policies
2.1. Basis of Preparation of Financial Statements
The financial statements have been prepared under the historical cost convention and in accordance with Financial Reporting Standard 102 section 1A Small Entities "The Financial Reporting Standard applicable in the UK and Republic of Ireland" and the Companies Act 2006.
2.2. Going Concern Disclosure
The directors have not identified any material uncertainties related to events or conditions that may cast significant doubt about the company's ability to continue as a going concern.
2.3. 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. 
Sale of goods
Turnover from the sale of goods is recognised when the significant risks and rewards of ownership of the goods has transferred to the buyer. This is at the point payment has been received in full by the customer.
Rendering of services
Turnover from the rendering of services is recognised by reference to the stage of completion of the contract.
2.4. Tangible Fixed Assets and Depreciation
Tangible fixed assets are measured at cost less accumulated depreciation and any accumulated impairment losses. Depreciation is provided at rates calculated to write off the cost of the fixed assets, less their estimated residual value, over their expected useful lives on the following bases:
Plant & Machinery 4 to 5 years, straight line
Motor Vehicles 4 years, straight line
Computer Equipment 33% straight line
Assets considered to fully lose their value in the first year of acquisition are fully depreciated at cost. Depreciation is adjusted for assets residual value.
2.5. Leasing and Hire Purchase Contracts
Assets obtained under finance leases are capitalised as tangible fixed assets. Assets acquired under finance leases are depreciated over the shorter of the lease term and their useful lives. Assets acquired under hire purchase contracts are depreciated over their useful lives. Finance leases are those where substantially all of the benefits and risks of ownership are assumed by the company. Obligations under such agreements are included in the creditors net of the finance charge allocated to future periods. The finance element of the rental payment is charged to the profit and loss account so as to produce a constant periodic rate of charge on the net obligation outstanding in each period.

Rentals applicable to operating leases where substantially all of the benefits and risks of ownership remain with the lessor are charged to profit and loss account as incurred.
2.6. Stocks and Work in Progress
Stocks and work in progress are valued at the lower of cost and net realisable value.
2.7. Taxation
Income tax expense represents the sum of the tax currently payable and deferred tax.
The tax currently payable is based on taxable profit for the year. Taxable profit differs from profit as reported in the statement of comprehensive income because of items of income or expense that are taxable or deductible in other years and items that are never taxable or deductible. The company's liability for current tax is calculated using tax rates that have been enacted or substantively enacted by the end of the reporting period.
Page 2
Page 3
2.8. Pensions
The company operates a defined pension contribution scheme. Contributions are charged to the profit and loss account as they become payable in accordance with the rules of the scheme.
3. Average Number of Employees
Average number of employees, including directors, during the year was: 3 (2022: 5)
3 5
4. Tangible Assets
Plant & Machinery Motor Vehicles Computer Equipment Total
£ £ £ £
Cost
As at 1 January 2023 70,611 120,699 5,800 197,110
Additions 321 - - 321
As at 31 December 2023 70,932 120,699 5,800 197,431
Depreciation
As at 1 January 2023 43,039 15,938 5,390 64,367
Provided during the period 9,217 11,941 405 21,563
As at 31 December 2023 52,256 27,879 5,795 85,930
Net Book Value
As at 31 December 2023 18,676 92,820 5 111,501
As at 1 January 2023 27,572 104,761 410 132,743
5. Stocks
2023 2022
£ £
Stock 1,000 1,000
6. Debtors
2023 2022
£ £
Due within one year
Trade debtors - 1,500
Other debtors 39,044 1,960
39,044 3,460
7. Creditors: Amounts Falling Due Within One Year
2023 2022
£ £
Net obligations under finance lease and hire purchase contracts 7,589 5,498
Trade creditors 716 21
Bank loans and overdrafts 10,868 9,673
Other creditors 726 7,036
Taxation and social security 22,879 15,741
42,778 37,969
Page 3
Page 4
8. Creditors: Amounts Falling Due After More Than One Year
2023 2022
£ £
Net obligations under finance lease and hire purchase contracts 68,141 75,731
Bank loans 27,360 34,305
95,501 110,036
9. Obligations Under Finance Leases and Hire Purchase
2023 2022
£ £
The future minimum finance lease payments are as follows:
Not later than one year 7,589 5,498
Later than one year and not later than five years 68,141 75,731
75,730 81,229
75,730 81,229
10. Share Capital
2023 2022
£ £
Allotted, Called up and fully paid 1,000 1,000
11. Pension Commitments
The company operates a defined contribution pension scheme for employees. The assets of the scheme are held separately from those of the company in an independently administered fund. At the balance sheet date unpaid contributions of 2023 - £717 (2022 - £103 were due to the fund. They are included in Other Creditors.
12. Directors Advances, Credits and Guarantees
Included within Debtors are the following loans to directors:
As at 1 January 2023 Amounts advanced Amounts repaid Amounts written off As at 31 December 2023
£ £ £ £ £
Mr David Locke - 44,008 11,500 - 32,508
The above loan is unsecured,  interest is charged at an annual rate of 3% per annum. Total interest charged in the financial year 2023 - £203 (2022 - £nil). This loan is repayable within one year.
13. Ultimate Controlling Party
The company's ultimate controlling party is Mr David Royden LOCKE by virtue of his ownership of 100% of the issued share capital in the company.
Page 4