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REGISTERED NUMBER: 04505466 (England and Wales)











FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 DECEMBER 2023

FOR

G. R. WESTBUILD LTD

G. R. WESTBUILD LTD (REGISTERED NUMBER: 04505466)






CONTENTS OF THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2023




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


G. R. WESTBUILD LTD

COMPANY INFORMATION
FOR THE YEAR ENDED 31 DECEMBER 2023







DIRECTORS: G A Latham Harrod
Mrs J L Rose
M J Whitfield





SECRETARY: Mrs T Latham Harrod





REGISTERED OFFICE: Westbuild House,
2 Midland Road
Bournemouth
Dorset
BH9 1PA





REGISTERED NUMBER: 04505466 (England and Wales)





ACCOUNTANTS: Accountants & Business Solutions Ltd
Independant Certified Practising Accountants
Bokers Farm Office
Poole Road
Lytchett Matravers
POOLE
Dorset
BH16 6AG

G. R. WESTBUILD LTD (REGISTERED NUMBER: 04505466)

BALANCE SHEET
31 DECEMBER 2023

31.12.23 31.12.22
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 228,068 80,741

CURRENT ASSETS
Stocks 7,699 124,400
Debtors 5 267,780 207,404
Cash at bank 257,376 38,849
532,855 370,653
CREDITORS
Amounts falling due within one year 6 404,593 298,377
NET CURRENT ASSETS 128,262 72,276
TOTAL ASSETS LESS CURRENT
LIABILITIES

356,330

153,017

CREDITORS
Amounts falling due after more than one year 7 (130,001 ) (72,119 )

PROVISIONS FOR LIABILITIES (25,475 ) (13,219 )
NET ASSETS 200,854 67,679

CAPITAL AND RESERVES
Called up share capital 4 4
Retained earnings 200,850 67,675
SHAREHOLDERS' FUNDS 200,854 67,679

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 December 2023.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 December 2023 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.

G. R. WESTBUILD LTD (REGISTERED NUMBER: 04505466)

BALANCE SHEET - continued
31 DECEMBER 2023


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 25 September 2024 and were signed on its behalf by:





G A Latham Harrod - Director


G. R. WESTBUILD LTD (REGISTERED NUMBER: 04505466)

NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2023

1. STATUTORY INFORMATION

G. R. Westbuild Ltd 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.

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.
Plant and machinery etc - 25% on reducing balance

Stocks
Work in progress is valued at the lower of cost and net realisable value.

Cost is calculated using the first-in, first-out method and includes all purchase, transport, and handling costs in bringing stocks to their present location and condition.

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.

G. R. WESTBUILD LTD (REGISTERED NUMBER: 04505466)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 DECEMBER 2023

2. ACCOUNTING POLICIES - continued

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.

Rentals paid under operating leases are charged to profit or loss on a straight line basis over the period of the lease.

Pension costs and other post-retirement benefits
The company operates a defined contribution pension scheme. Contributions payable to the company's pension scheme are charged to profit or loss in the period to which they relate.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 24 (2022 - 20 ) .

4. TANGIBLE FIXED ASSETS
Plant and
machinery
etc
£   
COST
At 1 January 2023 361,223
Additions 225,858
Disposals (40,738 )
At 31 December 2023 546,343
DEPRECIATION
At 1 January 2023 280,482
Charge for year 76,017
Eliminated on disposal (38,224 )
At 31 December 2023 318,275
NET BOOK VALUE
At 31 December 2023 228,068
At 31 December 2022 80,741

G. R. WESTBUILD LTD (REGISTERED NUMBER: 04505466)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 DECEMBER 2023

4. TANGIBLE FIXED ASSETS - continued

Fixed assets, included in the above, which are held under hire purchase contracts are as follows:

Plant and
machinery
etc
£   
COST
At 1 January 2023 256,031
Additions 210,019
Disposals (28,199 )
At 31 December 2023 437,851
DEPRECIATION
At 1 January 2023 183,228
Charge for year 70,174
Eliminated on disposal (26,082 )
At 31 December 2023 227,320
NET BOOK VALUE
At 31 December 2023 210,531
At 31 December 2022 72,803

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.12.23 31.12.22
£    £   
Trade debtors 252,897 199,079
Other debtors 14,883 8,325
267,780 207,404

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.12.23 31.12.22
£    £   
Bank loans and overdrafts 10,000 14,373
Hire purchase contracts 47,633 29,404
Trade creditors 232,225 172,430
Taxation and social security 42,094 35,408
Other creditors 72,641 46,762
404,593 298,377

G. R. WESTBUILD LTD (REGISTERED NUMBER: 04505466)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 DECEMBER 2023

7. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
31.12.23 31.12.22
£    £   
Bank loans 20,158 24,946
Hire purchase contracts 109,843 47,173
130,001 72,119

8. SECURED DEBTS

The following secured debts are included within creditors:

31.12.23 31.12.22
£    £   
Hire purchase contracts 157,476 76,577

The hire purchase liabilities are secured on the assets acquired with the loan.

The following legal charges are registered at Companies House:

Legal Charge dated 30.11.2016 filed 02.12.2016
Charge Code : 0450 5466 0003
Persons Entitled : NATIONAL WESTMINSTER BANK PLC
Contains fixed charge(s).
Contains floating charge(s) (floating charge covers all the property or undertaking of the company).
Contains a negative pledge.

9. ULTIMATE CONTROLLING PARTY

The company is under the control of it's shareholders.