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REGISTERED NUMBER: 11344807 (England and Wales)
























UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 MAY 2024

FOR

32WEST LTD

32WEST LTD (REGISTERED NUMBER: 11344807)






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




Page

Company Information 1

Abridged Balance Sheet 2

Notes to the Financial Statements 4


32WEST LTD

COMPANY INFORMATION
FOR THE YEAR ENDED 31 MAY 2024







DIRECTORS: Mr J R J Higgins
Mr F E Stretton
Mr J R Lee



REGISTERED OFFICE: Room 105
Ulverston Business Centre
New Market Street
Ulverston
Cumbria
LA12 7LQ



REGISTERED NUMBER: 11344807 (England and Wales)



BANKERS: Clydesdale Bank plc
15A The Avenue
Newton Mearns
Glasgow
G77 6AA

32WEST LTD (REGISTERED NUMBER: 11344807)

ABRIDGED BALANCE SHEET
31 MAY 2024

31.5.24 31.5.23
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 116,798 142,196

CURRENT ASSETS
Debtors 145,183 114,082
Cash at bank and in hand 204,606 120,011
349,789 234,093
CREDITORS
Amounts falling due within one year 241,975 150,321
NET CURRENT ASSETS 107,814 83,772
TOTAL ASSETS LESS CURRENT
LIABILITIES

224,612

225,968

CREDITORS
Amounts falling due after more than one
year

64,538

104,540
NET ASSETS 160,074 121,428

CAPITAL AND RESERVES
Called up share capital 6 39 45
Capital redemption reserve 6 -
Retained earnings 160,029 121,383
SHAREHOLDERS' FUNDS 160,074 121,428

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

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

32WEST LTD (REGISTERED NUMBER: 11344807)

ABRIDGED BALANCE SHEET - continued
31 MAY 2024


The financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime.

All the members have consented to the preparation of an abridged Balance Sheet for the year ended 31 May 2024 in accordance with Section 444(2A) of the Companies Act 2006.

In accordance with Section 444 of the Companies Act 2006, the Profit and Loss Account has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 8 November 2024 and were signed on its behalf by:




Mr J R J Higgins - Director Mr F E Stretton - Director




Mr J R Lee - Director


32WEST LTD (REGISTERED NUMBER: 11344807)

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

1. STATUTORY INFORMATION

32West 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.

The presentation currency of the financial statements is the Pound Sterling (£).


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 represents net invoiced sales of services as adjusted for accrued and deferred income, excluding VAT.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life or, if held under a finance lease, over the lease term, whichever is the shorter.
Plant and machinery - 15% on cost
Fixtures and fittings - 33% on cost and 20% on cost
Motor vehicles - 15% on cost
Computer equipment - 50% on cost and 33% on cost

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 13 (2023 - 13 ) .

4. TANGIBLE FIXED ASSETS
Totals
£   
COST
At 1 June 2023 179,702
Additions 3,314
Disposals (907 )
At 31 May 2024 182,109
DEPRECIATION
At 1 June 2023 37,506
Charge for year 28,519
Eliminated on disposal (714 )
At 31 May 2024 65,311
NET BOOK VALUE
At 31 May 2024 116,798
At 31 May 2023 142,196

32WEST LTD (REGISTERED NUMBER: 11344807)

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

4. TANGIBLE FIXED ASSETS - continued

The net book value of tangible fixed assets includes £107,755 (2023: £131,046) in respect of assets held under hire purchase agreements. The amount of depreciation in respect of such assets amounted to £23,291 (2023: £20,211) for the financial year.

Fixed assets, included in the above, which are held under hire purchase contracts are as follows:

Totals
£   
COST
At 1 June 2023
and 31 May 2024 155,275
DEPRECIATION
At 1 June 2023 24,229
Charge for year 23,291
At 31 May 2024 47,520
NET BOOK VALUE
At 31 May 2024 107,755
At 31 May 2023 131,046

5. SECURED DEBTS

The following secured debts are included within creditors:

31.5.24 31.5.23
£    £   
Hire purchase contracts 84,402 112,572

Hire purchase agreements are secured against the asset they fund.

6. CALLED UP SHARE CAPITAL

Allotted, issued
and fully paid:

Number: Class: Nominal 31.05.24 31.05.23
value: £ £
1,000 A Ordinary 1p 10.00 10.00
1,000 B Ordinary 1p 10.00 10.00
1,000 C Ordinary 1p 10.00 10.00
150 D Ordinary 1p 1.50 3.00
100 E Ordinary 1p 1.00 3.00
150 F Ordinary 1p 1.50 3.00
NIL A Dividend 1p - 3.00
NIL B Dividend 1p - 3.00
150 G Ordinary 1p 1.50 -
150 H Ordinary 1p 1.50 -
100 I Ordinary 1p 1.00 -
100 J Ordinary 1p 1.00 -
39.00 45.00