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REGISTERED NUMBER: 02680675 (England and Wales)















FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 JULY 2024

FOR

Westcare Limited

Westcare Limited (Registered number: 02680675)






CONTENTS OF THE FINANCIAL STATEMENTS
for the year ended 31 July 2024




Page

Company Information 1

Balance Sheet 2 to 3

Notes to the Financial Statements 4 to 8


Westcare Limited

COMPANY INFORMATION
for the year ended 31 July 2024







Directors: Miss D Webster
Mrs F Boulton





Registered office: Unit 20, Forresters Business Park
35 Estover Close
Plymouth
Devon
PL6 7PL





Registered number: 02680675 (England and Wales)





Accountants: Websters
129 North Hill
Plymouth
Devon
PL4 8JY

Westcare Limited (Registered number: 02680675)

BALANCE SHEET
31 July 2024

2024 2023
Notes £    £    £    £   
Fixed assets
Intangible assets 4 - -
Tangible assets 5 61,770 68,902
61,770 68,902

Current assets
Stocks 69,213 111,911
Debtors 6 298,689 407,453
Cash at bank and in hand 182,163 211,197
550,065 730,561
Creditors
Amounts falling due within one year 7 391,792 526,595
Net current assets 158,273 203,966
Total assets less current liabilities 220,043 272,868

Creditors
Amounts falling due after more than
one year

8

-

(61,661

)

Provisions for liabilities 11 (9,700 ) (6,500 )
Net assets 210,343 204,707

Capital and reserves
Called up share capital 12 50 50
Capital redemption reserve 50 50
Profit and loss account 210,243 204,607
Shareholders' funds 210,343 204,707

Westcare Limited (Registered number: 02680675)

BALANCE SHEET - continued
31 July 2024


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

The members have not required the company to obtain an audit of its financial statements for the year ended 31 July 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 Profit & Loss Account has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 6 November 2024 and were signed on its behalf by:





Miss D Webster - Director


Westcare Limited (Registered number: 02680675)

NOTES TO THE FINANCIAL STATEMENTS
for the year ended 31 July 2024

1. STATUTORY INFORMATION

Westcare 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 receivable, including any uninvoiced work in progress as at the year end, net of discounts and value added tax. Turnover includes revenue from the sale of goods and is recognised when the significant risks and rewards of ownership of the goods have transferred to the buyer.

Goodwill
Goodwill, being the amount paid in connection with the aquisition of businesses is amortised evenly over its estimated useful life of five years.

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 calculated to write down the cost of tangible fixed assets over their expected useful economic lives using the following rates:

Freehold land - nil
Freehold property- straight line over 50 years
Leasehold upgrades- straight line over remaining period of primary lease
Fittings & equipment- 10%-50% reducing balance
Vans - 25% reducing balance

Stocks
Stock is valued at the lower of cost and net realisable value. Cost is determined on a first in, first out basis. Net realisable value represents estimated selling price less costs required to sell. Provision is made for slow moving, obsolete or damaged stock where the net realisable value is less than cost.


Westcare Limited (Registered number: 02680675)

NOTES TO THE FINANCIAL STATEMENTS - continued
for the year ended 31 July 2024

2. ACCOUNTING POLICIES - continued
Taxation
Taxation for the year comprises current and deferred tax. Tax is recognised in the Profit & Loss Account, 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.

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.

Creditors
Short term creditors are measured at transaction price (which is usually the invoice price). Loans and other financial liabilities are initially recognised at transaction price net of any transaction costs and subsequently measured at amortised cost determined using the effective interest method.

Debtors
Short term debtors are measured at transaction price (which is usually the invoice price), less any impairment losses for bad and doubtful debts. Loans and other financial assets are initially recognised at transaction price including any transaction costs and subsequently measured at amortised cost determined using the effective interest method, less any impairment losses for bad and doubtful debts.

Grants
Grants received in respect of the purchase of fixed assets are recorded as deferred income in creditors. The grant income is released on a straight line basis to the profit and loss account over the expected useful economic life of the relevant asset. Amounts released in the period are included within other operating income.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 19 (2023 - 25 ) .

Westcare Limited (Registered number: 02680675)

NOTES TO THE FINANCIAL STATEMENTS - continued
for the year ended 31 July 2024

4. INTANGIBLE FIXED ASSETS
Goodwill
£   
Cost
At 1 August 2023
and 31 July 2024 62,360
Amortisation
At 1 August 2023
and 31 July 2024 62,360
Net book value
At 31 July 2024 -
At 31 July 2023 -

5. TANGIBLE FIXED ASSETS
Buildings
& leasehold
upgrades Vans Totals
£    £    £   
Cost
At 1 August 2023 106,600 65,697 172,297
Additions - 18,850 18,850
Disposals - (27,485 ) (27,485 )
At 31 July 2024 106,600 57,062 163,662
Depreciation
At 1 August 2023 53,303 50,092 103,395
Charge for year 17,377 6,400 23,777
Eliminated on disposal - (25,280 ) (25,280 )
At 31 July 2024 70,680 31,212 101,892
Net book value
At 31 July 2024 35,920 25,850 61,770
At 31 July 2023 53,297 15,605 68,902

6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Trade debtors 271,247 302,721
Other debtors 27,442 104,732
298,689 407,453

Westcare Limited (Registered number: 02680675)

NOTES TO THE FINANCIAL STATEMENTS - continued
for the year ended 31 July 2024

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Bank loans and overdrafts 61,661 61,826
Trade creditors 174,932 197,616
Amounts owed to group undertakings 86,542 191,042
Taxation and social security 62,040 63,873
Other creditors 6,617 12,238
391,792 526,595

8. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN
ONE YEAR
2024 2023
£    £   
Bank loans - 61,661

9. LEASING AGREEMENTS

Minimum lease payments under non-cancellable operating leases fall due as follows:
2024 2023
£    £   
Within one year 55,000 55,000
Between one and five years 41,250 96,250
96,250 151,250

10. SECURED DEBTS

The following secured debts are included within creditors:

2024 2023
£    £   
Bank overdraft - 165
Bank loans 61,661 123,322
61,661 123,487

11. PROVISIONS FOR LIABILITIES
2024 2023
£    £   
Deferred tax 9,700 6,500

Westcare Limited (Registered number: 02680675)

NOTES TO THE FINANCIAL STATEMENTS - continued
for the year ended 31 July 2024

11. PROVISIONS FOR LIABILITIES - continued

Deferred
tax
£   
Balance at 1 August 2023 6,500
Provided during year 3,200
Balance at 31 July 2024 9,700

12. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 2024 2023
value: £    £   
50 Ordinary shares £1 50 50

13. RELATED PARTY DISCLOSURES AND TRANSACTIONS WITH DIRECTORS

At the balance sheet date the company owed D Webster, the director of the company and owner of the holding company, £1,095.

No interest has been charged on this amount.

During the year, rent of £55,000, hire of equipment of £5,000 and service charges of £8,250 were paid to Westfit Limited.

14. ULTIMATE CONTROLLING PARTY

Westcare Limited is a 100% subsidiary of Westfit Limited which is wholly owned by Miss D P Webster.