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REGISTERED NUMBER: 01381027 (England and Wales)














UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 JANUARY 2024

FOR

WESTCRETE PRECAST CONCRETE LIMITED

WESTCRETE PRECAST CONCRETE LIMITED (REGISTERED NUMBER: 01381027)






CONTENTS OF THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 JANUARY 2024




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


WESTCRETE PRECAST CONCRETE LIMITED

COMPANY INFORMATION
FOR THE YEAR ENDED 31 JANUARY 2024







DIRECTORS: M H Thoennissen
Mrs. L C Thomson-Thoennissen
Mrs V N Gale





SECRETARY: Mr. M H Thoennissen





REGISTERED OFFICE: Stoney Bridges
Axminster
Devon
EX13 5RL





REGISTERED NUMBER: 01381027 (England and Wales)





ACCOUNTANT: Jane Miners
2 Turlake Mews
Cowley
Exeter
Devon
EX5 5ER

WESTCRETE PRECAST CONCRETE LIMITED (REGISTERED NUMBER: 01381027)

BALANCE SHEET
31 JANUARY 2024

31.1.24 31.1.23
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 127,326 140,515
Investments 5 1,300 1,300
128,626 141,815

CURRENT ASSETS
Stocks 145,861 144,573
Debtors 6 65,462 69,336
Cash at bank and in hand 122,531 167,564
333,854 381,473
CREDITORS
Amounts falling due within one year 7 101,951 111,205
NET CURRENT ASSETS 231,903 270,268
TOTAL ASSETS LESS CURRENT
LIABILITIES

360,529

412,083

CREDITORS
Amounts falling due after more than one
year

8

(20,200

)

(32,624

)

PROVISIONS FOR LIABILITIES (25,344 ) (28,735 )
NET ASSETS 314,985 350,724

CAPITAL AND RESERVES
Called up share capital 5,000 5,000
Retained earnings 309,985 345,724
SHAREHOLDERS' FUNDS 314,985 350,724

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

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

WESTCRETE PRECAST CONCRETE LIMITED (REGISTERED NUMBER: 01381027)

BALANCE SHEET - continued
31 JANUARY 2024


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 26 October 2024 and were signed on its behalf by:





Mrs. L C Thomson-Thoennissen - Director


WESTCRETE PRECAST CONCRETE LIMITED (REGISTERED NUMBER: 01381027)

NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 JANUARY 2024

1. STATUTORY INFORMATION

Westcrete Precast Concrete 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.

Tangible fixed assets and depreciation
Fixed assets are shown at their purchase cost together with any incidental costs of acquisition. Depreciation is calculated so as to write off the cost of tangible fixed assets, less their residual values, over their expected useful economic lives. The principal rates and bases used are :

Leasehold workshop and extensionStraight line basis 1% per annum
Motor vehiclesReducing balance basis 25% per annum
Plant and machineryReducing balance basis 20% per annum
Fixtures, fittings and equipmentReducing balance basis 15% and 33% per annum

Stocks
Stocks are stated at the lower of cost and estimated net realisable value.


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.

WESTCRETE PRECAST CONCRETE LIMITED (REGISTERED NUMBER: 01381027)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 JANUARY 2024

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
The company operates a defined contribution, auto enrolment pension scheme.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 14 (2023 - 12 ) .

4. TANGIBLE FIXED ASSETS
Plant and
Land and machinery
buildings etc Totals
£    £    £   
COST
At 1 February 2023 28,748 278,240 306,988
Additions - 20,580 20,580
Disposals - (5,886 ) (5,886 )
At 31 January 2024 28,748 292,934 321,682
DEPRECIATION
At 1 February 2023 10,819 155,654 166,473
Charge for year 392 33,296 33,688
Eliminated on disposal - (5,805 ) (5,805 )
At 31 January 2024 11,211 183,145 194,356
NET BOOK VALUE
At 31 January 2024 17,537 109,789 127,326
At 31 January 2023 17,929 122,586 140,515

The net book value of tangible fixed assets includes £ 63,835 (2023 - £ 109,229 ) in respect of assets held under hire purchase contracts.

WESTCRETE PRECAST CONCRETE LIMITED (REGISTERED NUMBER: 01381027)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 JANUARY 2024

5. FIXED ASSET INVESTMENTS
Other
investments
£   
COST
At 1 February 2023
and 31 January 2024 1,300
NET BOOK VALUE
At 31 January 2024 1,300
At 31 January 2023 1,300

6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.1.24 31.1.23
£    £   
Trade debtors 61,542 52,837
Other debtors 3,920 16,499
65,462 69,336

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.1.24 31.1.23
£    £   
Hire purchase contracts 12,424 16,142
Trade creditors 59,058 65,118
Taxation and social security 21,894 16,466
Other creditors 8,575 13,479
101,951 111,205

8. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
31.1.24 31.1.23
£    £   
Hire purchase contracts 20,200 32,624

9. SECURED DEBTS

The following secured debts are included within creditors:

31.1.24 31.1.23
£    £   
Hire purchase contracts 32,624 48,766

The hire purchase contracts are secured on the assets acquired using the advances.

WESTCRETE PRECAST CONCRETE LIMITED (REGISTERED NUMBER: 01381027)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 JANUARY 2024

10. OTHER FINANCIAL COMMITMENTS

At the balance sheet date the company was committed to paying the following contributions, to the defined contribution pension scheme, in the next twelve months:
31.1.2431.1.23
Provided in the Financial Statements:
Outstanding contributions£1,156£860

Not provided in the Financial Statements:
Annual contributions for the next year £5,000£5,000

11. DIRECTORS' ADVANCES, CREDITS AND GUARANTEES

Rent of £6,760 was paid to a director during the year.

12. ULTIMATE CONTROLLING PARTY

The ultimate controlling parties are the directors M H Thoennissen and Mrs L C Thomson-Thoennissen who own all of the issued share capital.