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REGISTERED NUMBER: 09747615 (England and Wales)















Unaudited Financial Statements

for the Year Ended 31 August 2024

for

Westlink Design Limited

Westlink Design Limited (Registered number: 09747615)

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










Page

Company Information 1

Statement of Financial Position 2

Notes to the Financial Statements 4

Chartered Certified Accountant's Report 8

Westlink Design Limited

Company Information
for the Year Ended 31 August 2024







DIRECTORS: D F Reid
Mrs R E Reid





REGISTERED OFFICE: Gwel Teg Studio
47 Laflouder Fields
Mullion
Helston
Cornwall
TR12 7EJ





REGISTERED NUMBER: 09747615 (England and Wales)





ACCOUNTANT: Martin Laity Accounting & Tax Practitioner
Kelyn
Old Hill
Helston
Cornwall
TR13 8HT

Westlink Design Limited (Registered number: 09747615)

Statement of Financial Position
31 August 2024

2024 2023
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 22,002 8,267

CURRENT ASSETS
Stocks 4,000 4,000
Debtors 5 762 1,312
Cash at bank and in hand 8,616 52,693
13,378 58,005
CREDITORS
Amounts falling due within one year 6 31,423 60,740
NET CURRENT LIABILITIES (18,045 ) (2,735 )
TOTAL ASSETS LESS CURRENT
LIABILITIES

3,957

5,532

PROVISIONS FOR LIABILITIES 1,240 1,364
NET ASSETS 2,717 4,168

CAPITAL AND RESERVES
Called up share capital 100 100
Retained earnings 2,617 4,068
SHAREHOLDERS' FUNDS 2,717 4,168

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

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

Westlink Design Limited (Registered number: 09747615)

Statement of Financial Position - continued
31 August 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 17 January 2025 and were signed on its behalf by:




D F Reid - Director



Mrs R E Reid - Director


Westlink Design Limited (Registered number: 09747615)

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


1. STATUTORY INFORMATION

Westlink Design 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.

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 the net invoiced sale of services. The company is not VAT registered.

Revenue is recognised at fair value of consideration and invoiced upon completion of agreed work for clients, or where there is a right to consideration if earlier.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Improvements to property - 4% on cost
Plant and machinery - 25% on reducing balance
Fixtures and fittings - 20% on reducing balance
Computer equipment - 33% on cost

Stocks
Work in progress is valued at the lower of cost and net realisable value.

Cost is calculated using the first-in, first-out method and includes all purchase, transport, and handling costs in bringing stocks to their present location and condition.

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 statement of financial position date.


Westlink Design Limited (Registered number: 09747615)

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


2. ACCOUNTING POLICIES - continued
Deferred tax
Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the statement of financial position 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.

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 2 (2023 - 2 ) .

4. TANGIBLE FIXED ASSETS
Improvements Fixtures
to Plant and and
property machinery fittings
£    £    £   
COST
At 1 September 2023 9,191 888 2,411
Additions - 1,099 -
Disposals - - -
At 31 August 2024 9,191 1,987 2,411
DEPRECIATION
At 1 September 2023 2,941 768 1,563
Charge for year 368 305 169
Eliminated on disposal - - -
At 31 August 2024 3,309 1,073 1,732
NET BOOK VALUE
At 31 August 2024 5,882 914 679
At 31 August 2023 6,250 120 848

Westlink Design Limited (Registered number: 09747615)

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


4. TANGIBLE FIXED ASSETS - continued

Motor Computer
vehicles equipment Totals
£    £    £   
COST
At 1 September 2023 - 9,898 22,388
Additions 17,550 999 19,648
Disposals - (405 ) (405 )
At 31 August 2024 17,550 10,492 41,631
DEPRECIATION
At 1 September 2023 - 8,849 14,121
Charge for year 4,388 683 5,913
Eliminated on disposal - (405 ) (405 )
At 31 August 2024 4,388 9,127 19,629
NET BOOK VALUE
At 31 August 2024 13,162 1,365 22,002
At 31 August 2023 - 1,049 8,267

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Trade debtors 54 150
Other debtors - 340
Prepayments 708 822
762 1,312

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Tax 9,689 10,875
Directors' current accounts 18,787 46,918
Accrued expenses 2,947 2,947
31,423 60,740

The Directors Loan Account is non interest bearing and repayable upon demand.

7. DIRECTORS' ADVANCES, CREDITS AND GUARANTEES

There were no advances, credit or guarantees in favour of the Directors during the year.

8. RELATED PARTY DISCLOSURES

During the year, total dividends of £42,000 (2023 - £60,000) were paid to the directors .

Westlink Design Limited (Registered number: 09747615)

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


8. RELATED PARTY DISCLOSURES - continued

The directors charge the company £400 per month for use of the office studio situated at their home premises. The amount paid in the period amounted to £4,800.

At the Balance Sheet date the company owed the Directors £18,787, as disclosed on their Directors Loan Account in other creditors.

9. ULTIMATE CONTROLLING PARTY

The controlling party is DF and Mrs RE Reid.

The ultimate controlling party is DF and Mrs RE Reid.

Chartered Certified Accountant's Report to the Board of Directors
on the Unaudited Financial Statements of
Westlink Design Limited


The following reproduces the text of the report prepared for the directors in respect of the company's annual unaudited financial statements. In accordance with the Companies Act 2006, the company is only required to file a Statement of Financial Position. Readers are cautioned that the Income Statement and certain other primary statements and the Report of the Directors are not required to be filed with the Registrar of Companies.

In order to assist you to fulfil your duties under the Companies Act 2006, I have prepared for your approval the financial statements of Westlink Design Limited for the year ended 31 August 2024 which comprise the Income Statement, Statement of Financial Position and the related notes from the company's accounting records and from information and explanations you have given me.

As a practising member of the Association of Chartered Certified Accountants, I am subject to its ethical and other professional requirements which are detailed at http://www.accaglobal.com/rulebook.

This report is made solely to the Board of Directors of Westlink Design Limited, as a body, in accordance with my terms of engagement. My work has been undertaken solely to prepare for your approval the financial statements of Westlink Design Limited and state those matters that I have agreed to state to the Board of Directors of Westlink Design Limited, as a body, in this report in accordance with the requirements of the Association of Chartered Certified Accountants as detailed at
https://www.accaglobal.com/content/dam/ACCA_Global/Technical/fact/tf-163-jan-24.pdf.

To the fullest extent permitted by law, I do not accept or assume responsibility to anyone other than the company and its Board of Directors, as a body, for my work or for this report.

It is your duty to ensure that Westlink Design Limited has kept adequate accounting records and to prepare statutory financial statements that give a true and fair view of the assets, liabilities, financial position and profit of Westlink Design Limited. You consider that Westlink Design Limited is exempt from the statutory audit requirement for the year.

I have not been instructed to carry out an audit or a review of the financial statements of Westlink Design Limited. For this reason, I have not verified the accuracy or completeness of the accounting records or information and explanations you have given to me and I do not, therefore, express any opinion on the statutory financial statements.






Martin Laity Accounting & Tax Practitioner
Kelyn
Old Hill
Helston
Cornwall
TR13 8HT


17 January 2025