2023-07-012024-06-302024-06-30false13617634WESTLAKE MOTOR COMPANY LTD2024-11-0645112falseiso4217:GBPxbrli:pure136176342023-07-01136176342024-06-30136176342023-07-012024-06-30136176342022-07-01136176342023-06-30136176342022-07-012023-06-3013617634bus:SmallEntities2023-07-012024-06-3013617634bus:AuditExempt-NoAccountantsReport2023-07-012024-06-3013617634bus:FullAccounts2023-07-012024-06-3013617634bus:PrivateLimitedCompanyLtd2023-07-012024-06-3013617634core:WithinOneYear2024-06-3013617634core:AfterOneYear2024-06-3013617634core:WithinOneYear2023-06-3013617634core:AfterOneYear2023-06-3013617634core:ShareCapital2024-06-3013617634core:SharePremium2024-06-3013617634core:RevaluationReserve2024-06-3013617634core:OtherReservesSubtotal2024-06-3013617634core:RetainedEarningsAccumulatedLosses2024-06-3013617634core:ShareCapital2023-06-3013617634core:SharePremium2023-06-3013617634core:RevaluationReserve2023-06-3013617634core:OtherReservesSubtotal2023-06-3013617634core:RetainedEarningsAccumulatedLosses2023-06-3013617634core:LandBuildings2024-06-3013617634core:PlantMachinery2024-06-3013617634core:Vehicles2024-06-3013617634core:FurnitureFittings2024-06-3013617634core:OfficeEquipment2024-06-3013617634core:NetGoodwill2024-06-3013617634core:IntangibleAssetsOtherThanGoodwill2024-06-3013617634core:ListedExchangeTraded2024-06-3013617634core:UnlistedNon-exchangeTraded2024-06-3013617634core:LandBuildings2023-06-3013617634core:PlantMachinery2023-06-3013617634core:Vehicles2023-06-3013617634core:FurnitureFittings2023-06-3013617634core:OfficeEquipment2023-06-3013617634core:NetGoodwill2023-06-3013617634core:IntangibleAssetsOtherThanGoodwill2023-06-3013617634core:ListedExchangeTraded2023-06-3013617634core:UnlistedNon-exchangeTraded2023-06-3013617634core:LandBuildings2023-07-012024-06-3013617634core:PlantMachinery2023-07-012024-06-3013617634core:Vehicles2023-07-012024-06-3013617634core:FurnitureFittings2023-07-012024-06-3013617634core:OfficeEquipment2023-07-012024-06-3013617634core:NetGoodwill2023-07-012024-06-3013617634core:IntangibleAssetsOtherThanGoodwill2023-07-012024-06-3013617634core:ListedExchangeTraded2023-07-012024-06-3013617634core:UnlistedNon-exchangeTraded2023-07-012024-06-3013617634core:MoreThanFiveYears2023-07-012024-06-3013617634core:Non-currentFinancialInstruments2024-06-3013617634core:Non-currentFinancialInstruments2023-06-3013617634dpl:CostSales2023-07-012024-06-3013617634dpl:DistributionCosts2023-07-012024-06-3013617634core:LandBuildings2023-07-012024-06-3013617634core:PlantMachinery2023-07-012024-06-3013617634core:Vehicles2023-07-012024-06-3013617634core:FurnitureFittings2023-07-012024-06-3013617634core:OfficeEquipment2023-07-012024-06-3013617634dpl:AdministrativeExpenses2023-07-012024-06-3013617634core:NetGoodwill2023-07-012024-06-3013617634core:IntangibleAssetsOtherThanGoodwill2023-07-012024-06-3013617634dpl:GroupUndertakings2023-07-012024-06-3013617634dpl:ParticipatingInterests2023-07-012024-06-3013617634dpl:GroupUndertakingscore:ListedExchangeTraded2023-07-012024-06-3013617634core:ListedExchangeTraded2023-07-012024-06-3013617634dpl:GroupUndertakingscore:UnlistedNon-exchangeTraded2023-07-012024-06-3013617634core:UnlistedNon-exchangeTraded2023-07-012024-06-3013617634dpl:CostSales2022-07-012023-06-3013617634dpl:DistributionCosts2022-07-012023-06-3013617634core:LandBuildings2022-07-012023-06-3013617634core:PlantMachinery2022-07-012023-06-3013617634core:Vehicles2022-07-012023-06-3013617634core:FurnitureFittings2022-07-012023-06-3013617634core:OfficeEquipment2022-07-012023-06-3013617634dpl:AdministrativeExpenses2022-07-012023-06-3013617634core:NetGoodwill2022-07-012023-06-3013617634core:IntangibleAssetsOtherThanGoodwill2022-07-012023-06-3013617634dpl:GroupUndertakings2022-07-012023-06-3013617634dpl:ParticipatingInterests2022-07-012023-06-3013617634dpl:GroupUndertakingscore:ListedExchangeTraded2022-07-012023-06-3013617634core:ListedExchangeTraded2022-07-012023-06-3013617634dpl:GroupUndertakingscore:UnlistedNon-exchangeTraded2022-07-012023-06-3013617634core:UnlistedNon-exchangeTraded2022-07-012023-06-3013617634core:NetGoodwill2024-06-3013617634core:IntangibleAssetsOtherThanGoodwill2024-06-3013617634core:LandBuildings2024-06-3013617634core:PlantMachinery2024-06-3013617634core:Vehicles2024-06-3013617634core:FurnitureFittings2024-06-3013617634core:OfficeEquipment2024-06-3013617634core:AfterOneYear2024-06-3013617634core:WithinOneYear2024-06-3013617634core:ListedExchangeTraded2024-06-3013617634core:UnlistedNon-exchangeTraded2024-06-3013617634core:ShareCapital2024-06-3013617634core:SharePremium2024-06-3013617634core:RevaluationReserve2024-06-3013617634core:OtherReservesSubtotal2024-06-3013617634core:RetainedEarningsAccumulatedLosses2024-06-3013617634core:NetGoodwill2023-06-3013617634core:IntangibleAssetsOtherThanGoodwill2023-06-3013617634core:LandBuildings2023-06-3013617634core:PlantMachinery2023-06-3013617634core:Vehicles2023-06-3013617634core:FurnitureFittings2023-06-3013617634core:OfficeEquipment2023-06-3013617634core:AfterOneYear2023-06-3013617634core:WithinOneYear2023-06-3013617634core:ListedExchangeTraded2023-06-3013617634core:UnlistedNon-exchangeTraded2023-06-3013617634core:ShareCapital2023-06-3013617634core:SharePremium2023-06-3013617634core:RevaluationReserve2023-06-3013617634core:OtherReservesSubtotal2023-06-3013617634core:RetainedEarningsAccumulatedLosses2023-06-3013617634core:NetGoodwill2022-07-0113617634core:IntangibleAssetsOtherThanGoodwill2022-07-0113617634core:LandBuildings2022-07-0113617634core:PlantMachinery2022-07-0113617634core:Vehicles2022-07-0113617634core:FurnitureFittings2022-07-0113617634core:OfficeEquipment2022-07-0113617634core:AfterOneYear2022-07-0113617634core:WithinOneYear2022-07-0113617634core:ListedExchangeTraded2022-07-0113617634core:UnlistedNon-exchangeTraded2022-07-0113617634core:ShareCapital2022-07-0113617634core:SharePremium2022-07-0113617634core:RevaluationReserve2022-07-0113617634core:OtherReservesSubtotal2022-07-0113617634core:RetainedEarningsAccumulatedLosses2022-07-0113617634core:AfterOneYear2023-07-012024-06-3013617634core:WithinOneYear2023-07-012024-06-3013617634core:Non-currentFinancialInstrumentscore:CostValuation2023-07-012024-06-3013617634core:Non-currentFinancialInstrumentscore:AdditionsToInvestments2023-07-012024-06-3013617634core:Non-currentFinancialInstrumentscore:RevaluationsIncreaseDecreaseInInvestments2023-07-012024-06-3013617634core:Non-currentFinancialInstrumentscore:DisposalsDecreaseInInvestments2023-07-012024-06-3013617634core:Non-currentFinancialInstrumentscore:ProvidedReleasedInPeriodProvisionsForImpairmentInvestments2023-07-012024-06-3013617634core:Non-currentFinancialInstrumentscore:ImpairmentLossReversalProvisionsForImpairmentInvestments2023-07-012024-06-3013617634core:Non-currentFinancialInstrumentscore:AcquisitionsIncreaseInProvisionsForImpairmentInvestments2023-07-012024-06-3013617634core:Non-currentFinancialInstrumentscore:DisposalsDecreaseInProvisionsForImpairmentInvestments2023-07-012024-06-3013617634core:Non-currentFinancialInstrumentscore:OtherIncreaseDecreaseInProvisionsForImpairmentInvestments2023-07-012024-06-3013617634core:Non-currentFinancialInstrumentscore:CostValuation2024-06-3013617634core:Non-currentFinancialInstrumentscore:AdditionsToInvestments2024-06-3013617634core:Non-currentFinancialInstrumentscore:RevaluationsIncreaseDecreaseInInvestments2024-06-3013617634core:Non-currentFinancialInstrumentscore:DisposalsDecreaseInInvestments2024-06-3013617634core:Non-currentFinancialInstrumentscore:ProvidedReleasedInPeriodProvisionsForImpairmentInvestments2024-06-3013617634core:Non-currentFinancialInstrumentscore:ImpairmentLossReversalProvisionsForImpairmentInvestments2024-06-3013617634core:Non-currentFinancialInstrumentscore:AcquisitionsIncreaseInProvisionsForImpairmentInvestments2024-06-3013617634core:Non-currentFinancialInstrumentscore:DisposalsDecreaseInProvisionsForImpairmentInvestments2024-06-3013617634core:Non-currentFinancialInstrumentscore:OtherIncreaseDecreaseInProvisionsForImpairmentInvestments2024-06-3013617634core:Non-currentFinancialInstrumentscore:CostValuation2023-06-3013617634core:Non-currentFinancialInstrumentscore:AdditionsToInvestments2023-06-3013617634core:Non-currentFinancialInstrumentscore:RevaluationsIncreaseDecreaseInInvestments2023-06-3013617634core:Non-currentFinancialInstrumentscore:DisposalsDecreaseInInvestments2023-06-3013617634core:Non-currentFinancialInstrumentscore:ProvidedReleasedInPeriodProvisionsForImpairmentInvestments2023-06-3013617634core:Non-currentFinancialInstrumentscore:ImpairmentLossReversalProvisionsForImpairmentInvestments2023-06-3013617634core:Non-currentFinancialInstrumentscore:AcquisitionsIncreaseInProvisionsForImpairmentInvestments2023-06-3013617634core:Non-currentFinancialInstrumentscore:DisposalsDecreaseInProvisionsForImpairmentInvestments2023-06-3013617634core:Non-currentFinancialInstrumentscore:OtherIncreaseDecreaseInProvisionsForImpairmentInvestments2023-06-3013617634bus:Director12023-07-012024-06-3013617634bus:Director22023-07-012024-06-30

WESTLAKE MOTOR COMPANY LTD

Registered Number
13617634
(England and Wales)

Unaudited Financial Statements for the Year ended
30 June 2024

WESTLAKE MOTOR COMPANY LTD
Company Information
for the year from 1 July 2023 to 30 June 2024

Directors

SYMONDS, Christopher John
WALSH, Adam Thomas

Registered Address

Chestnut (First Floor), The Timber Yard Grange Road
Tilford
Farnham
GU10 2DQ

Registered Number

13617634 (England and Wales)
WESTLAKE MOTOR COMPANY LTD
Balance Sheet as at
30 June 2024

Notes

2024

2023

£

£

£

£

Fixed assets
Tangible assets3392523
392523
Current assets
Stocks459,87868,924
Debtors15,52510,051
Cash at bank and on hand23,2845,579
98,68784,554
Creditors amounts falling due within one year5(91,599)(77,595)
Net current assets (liabilities)7,0886,959
Total assets less current liabilities7,4807,482
Provisions for liabilities6(75)(99)
Net assets7,4057,383
Capital and reserves
Called up share capital22
Profit and loss account7,4037,381
Shareholders' funds7,4057,383
The financial statements were approved and authorised for issue by the Board of Directors on 6 November 2024, and are signed on its behalf by:
SYMONDS, Christopher John
Director
WALSH, Adam Thomas
Director

Registered Company No. 13617634
WESTLAKE MOTOR COMPANY LTD
Notes to the Financial Statements
for the year ended 30 June 2024

1.Accounting policies
Statutory information
The company is a private company limited by shares and registered in England and Wales. The company's registered number and registered office address can be found on the Company Information page.
Statement of compliance
The financial statements have been prepared in accordance with the Companies Act 2006 and FRS 102 The Financial Reporting Standard applicable in the UK and Republic of Ireland including Section 1A Small Entities.
Basis of preparation
The accounts have been prepared under the historical cost convention and in accordance with FRS 102, the financial reporting standard applicable in the UK and Republic of Ireland (as applied to small entities by section 1A of the standard).
Turnover policy
Turnover is measured at the fair value of the consideration received or receivable, net of discounts and value added taxes. Turnover includes revenue earned from the sale of goods and from the rendering of services.
Deferred tax
Deferred tax is recognised in respect of all timing differences between the recognition of income and expenses in the financial statements and their inclusion in tax assessments. 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. Deferred tax is measured using the tax rates and laws that have been enacted or substantively enacted by the reporting date and that are expected to apply to the reversal of the timing difference, except for revalued land and investment property where the tax rate that applies to the sale of the asset is used. Current and deferred tax assets and liabilities are not discounted.
Tangible fixed assets and depreciation
All fixed assets are initially recorded at cost. Property, plant and equipment is used in the company's principal activity for the production and supply of goods or for administrative purposes and is stated in the balance sheet under the historic cost model. This model requires the assets to be stated at cost less amounts in respect of depreciation and less any accumulated impairment losses. Depreciation is calculated so as to write off the cost of an asset, less its estimated residual value (which is the expected amount that would currently be obtained from disposal of an asset, after deducting the estimated costs of disposal, if the asset were already of the age and in the condition expected at the end of its useful life), over the useful economic life of the respective asset as follows:

Straight line (years)
Office Equipment5
Stocks and work in progress
Stock is valued at the lower of cost and estimated selling price less costs to complete and sell. The cost methodology employed by the entity is the first-in first-out method. Estimated selling price less costs to complete and sell are derived from the selling price which the goods would fetch in an open market transaction with established customers less the costs expected to be incurred to enable the sale to complete. Provision is made for slow-moving and obsolete items of stock. Such provisions are recognised in profit or loss. Work in progress is valued using the percentage of completion method and values are calculated using the lower of cost and estimated selling price less costs to complete and sell. When stocks are sold, the carrying amount of those stocks is recognised as an expense within cost of sales. This takes place in the same period that the associated revenue is recognised.
2.Average number of employees

20242023
Average number of employees during the year10
3.Tangible fixed assets

Office Equipment

Total

££
Cost or valuation
At 01 July 23654654
At 30 June 24654654
Depreciation and impairment
At 01 July 23131131
Charge for year131131
At 30 June 24262262
Net book value
At 30 June 24392392
At 30 June 23523523
4.Stocks

2024

2023

££
Other stocks59,87868,924
Total59,87868,924
5.Creditors: amounts due within one year

2024

2023

££
Trade creditors / trade payables68,06238,319
Bank borrowings and overdrafts20,20734,389
Taxation and social security2,5293,787
Accrued liabilities and deferred income8011,100
Total91,59977,595
6.Provisions for liabilities

2024

2023

££
Net deferred tax liability (asset)7599
Total7599