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REGISTERED NUMBER: 11162404 (England and Wales)















Unaudited Financial Statements for the Year Ended 31 January 2024

for

West Lancashire Engineering Ltd

West Lancashire Engineering Ltd (Registered number: 11162404)






Contents of the Financial Statements
for the Year Ended 31 January 2024




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 3


West Lancashire Engineering Ltd

Company Information
for the Year Ended 31 January 2024







DIRECTOR: J Dreha





REGISTERED OFFICE: 53 Glebe Road
East Gillibrands
Skelmersdale
Lancashire
WN8 9JP





REGISTERED NUMBER: 11162404 (England and Wales)





ACCOUNTANTS: Haines Watts
3rd Floor Pacific Chambers
11-13 Victoria Street
Liverpool
Merseyside
L2 5QQ

West Lancashire Engineering Ltd (Registered number: 11162404)

Balance Sheet
31 January 2024

31.1.24 31.1.23
Notes £ £ £ £
FIXED ASSETS
Tangible assets 4 62,424 62,705

CURRENT ASSETS
Stocks 81,608 -
Debtors 5 103,391 240,002
Cash at bank 12,618 87,924
197,617 327,926
CREDITORS
Amounts falling due within one year 6 402,033 633,634
NET CURRENT LIABILITIES (204,416 ) (305,708 )
TOTAL ASSETS LESS CURRENT
LIABILITIES

(141,992

)

(243,003

)

CAPITAL AND RESERVES
Called up share capital 100 100
Retained earnings (142,092 ) (243,103 )
(141,992 ) (243,003 )

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 director acknowledges his 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 director and authorised for issue on 30 October 2024 and were signed by:




J Dreha - Director


West Lancashire Engineering Ltd (Registered number: 11162404)

Notes to the Financial Statements
for the Year Ended 31 January 2024

1. STATUTORY INFORMATION

West Lancashire Engineering 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.
Plant and machinery etc - 20% 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.

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.

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

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 10 (2023 - 10 ) .

West Lancashire Engineering Ltd (Registered number: 11162404)

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

4. TANGIBLE FIXED ASSETS
Plant and
machinery
etc
£
COST
At 1 February 2023 100,312
Additions 15,325
At 31 January 2024 115,637
DEPRECIATION
At 1 February 2023 37,607
Charge for year 15,606
At 31 January 2024 53,213
NET BOOK VALUE
At 31 January 2024 62,424
At 31 January 2023 62,705

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.1.24 31.1.23
£ £
Trade debtors 103,391 240,002

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.1.24 31.1.23
£ £
Bank loans and overdrafts 23,383 32,627
Trade creditors 49,444 33,714
Taxation and social security 256,461 392,179
Other creditors 72,745 175,114
402,033 633,634