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REGISTERED NUMBER: 06841321 (England and Wales)















Westbrook Cycles Limited

Unaudited Financial Statements for the Year Ended 31st May 2024






Westbrook Cycles Limited (Registered number: 06841321)






Contents of the Financial Statements
for the Year Ended 31st May 2024




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 3


Westbrook Cycles Limited

Company Information
for the Year Ended 31st May 2024







DIRECTORS: P R C Richardson
Mrs S J Richardson





REGISTERED OFFICE: Brookside Farm
Potto
Northallerton
DL6 3HP





REGISTERED NUMBER: 06841321 (England and Wales)





ACCOUNTANTS: DRAYCOTT & KIRK LLP
Cleveland House
92 Westgate
Guisborough
CLEVELAND
TS14 6AP

Westbrook Cycles Limited (Registered number: 06841321)

Balance Sheet
31st May 2024

2024 2023
Notes £    £    £    £   
FIXED ASSETS
Intangible assets 4 8,335 8,335
Tangible assets 5 869,244 921,650
877,579 929,985

CURRENT ASSETS
Stocks 725,727 683,582
Cash at bank and in hand 598,321 586,026
1,324,048 1,269,608
CREDITORS
Amounts falling due within one year 6 265,419 229,420
NET CURRENT ASSETS 1,058,629 1,040,188
TOTAL ASSETS LESS CURRENT
LIABILITIES

1,936,208

1,970,173

CAPITAL AND RESERVES
Called up share capital 2 2
Retained earnings 1,936,206 1,970,171
SHAREHOLDERS' FUNDS 1,936,208 1,970,173

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31st May 2024.

The members have not required the company to obtain an audit of its financial statements for the year ended 31st May 2024 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.

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 15th October 2024 and were signed on its behalf by:





P R C Richardson - Director


Westbrook Cycles Limited (Registered number: 06841321)

Notes to the Financial Statements
for the Year Ended 31st May 2024

1. STATUTORY INFORMATION

Westbrook Cycles Limited 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.

Intangible assets
Intangible assets are initially measured at cost. After initial recognition, intangible assets are measured at cost less any accumulated amortisation and any accumulated impairment losses.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Plant and machinery etc - 25% on reducing balance and 15% on reducing balance

Stocks
Stocks are valued at the lower of cost and net realisable value, after making due allowance for obsolete and slow moving items.

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 14 (2023 - 12 ) .

4. INTANGIBLE FIXED ASSETS
Goodwill
£   
COST
At 1st June 2023
and 31st May 2024 8,335
NET BOOK VALUE
At 31st May 2024 8,335
At 31st May 2023 8,335

Westbrook Cycles Limited (Registered number: 06841321)

Notes to the Financial Statements - continued
for the Year Ended 31st May 2024

5. TANGIBLE FIXED ASSETS
Plant and
Land and machinery
buildings etc Totals
£    £    £   
COST
At 1st June 2023 732,578 262,599 995,177
Additions - 64,813 64,813
Disposals - (115,118 ) (115,118 )
At 31st May 2024 732,578 212,294 944,872
DEPRECIATION
At 1st June 2023 - 73,527 73,527
Charge for year - 30,898 30,898
Eliminated on disposal - (28,797 ) (28,797 )
At 31st May 2024 - 75,628 75,628
NET BOOK VALUE
At 31st May 2024 732,578 136,666 869,244
At 31st May 2023 732,578 189,072 921,650

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Bank loans and overdrafts 43,607 48,467
Trade creditors 178,049 110,758
Taxation and social security 40,877 38,060
Other creditors 2,886 32,135
265,419 229,420