01 October 2023 30 September 2024 No principle activity is included 11024593 2023-10-01 11024593 2024-09-30 11024593 2023-10-01 2024-09-30 11024593 2023-09-30 11024593 2022-10-01 2023-09-30 11024593 uk-core:WithinOneYear 2024-09-30 11024593 uk-core:WithinOneYear 2023-09-30 11024593 uk-core:AfterOneYear 2024-09-30 11024593 uk-core:AfterOneYear 2023-09-30 11024593 uk-core:ShareCapital 2024-09-30 11024593 uk-core:ShareCapital 2023-09-30 11024593 uk-core:RetainedEarningsAccumulatedLosses 2024-09-30 11024593 uk-core:RetainedEarningsAccumulatedLosses 2023-09-30 11024593 uk-bus:Director1 2023-10-01 2024-09-30 11024593 uk-bus:RegisteredOffice 2023-10-01 2024-09-30 11024593 uk-curr:PoundSterling 2023-10-01 2024-09-30 11024593 uk-core:PlantMachinery 2023-10-01 2024-09-30 11024593 uk-core:Vehicles 2023-10-01 2024-09-30 11024593 uk-core:FurnitureFittings 2023-10-01 2024-09-30 11024593 uk-core:OfficeEquipment 2023-10-01 2024-09-30 11024593 uk-core:NetGoodwill 2023-09-30 11024593 uk-core:NetGoodwill 2024-09-30 11024593 uk-core:NetGoodwill 2023-10-01 2024-09-30 11024593 uk-core:LandBuildings uk-core:OwnedOrFreeholdAssets 2023-09-30 11024593 uk-core:VehiclesPlantMachinery 2023-09-30 11024593 uk-core:FurnitureFittingsToolsEquipment 2023-09-30 11024593 uk-core:LandBuildings uk-core:OwnedOrFreeholdAssets 2023-10-01 2024-09-30 11024593 uk-core:VehiclesPlantMachinery 2023-10-01 2024-09-30 11024593 uk-core:FurnitureFittingsToolsEquipment 2023-10-01 2024-09-30 11024593 uk-core:LandBuildings uk-core:OwnedOrFreeholdAssets 2024-09-30 11024593 uk-core:VehiclesPlantMachinery 2024-09-30 11024593 uk-core:FurnitureFittingsToolsEquipment 2024-09-30 11024593 uk-core:BetweenTwoFiveYears 2024-09-30 11024593 uk-core:BetweenTwoFiveYears 2023-09-30 11024593 uk-core:OtherThanOnDemand 2024-09-30 11024593 uk-core:IndeterminateMaturityNon-expiringFinancialInstruments 2024-09-30 11024593 uk-core:MoreThanFiveYears 2024-09-30 11024593 uk-bus:FRS102 2023-10-01 2024-09-30 11024593 uk-bus:FullAccounts 2023-10-01 2024-09-30 11024593 uk-bus:AuditExempt-NoAccountantsReport 2023-10-01 2024-09-30 11024593 uk-bus:PrivateLimitedCompanyLtd 2023-10-01 2024-09-30 iso4217:GBP xbrli:pure
   
   
   
   
   
   
   
   
   
   
   
   
   
   
   
   
   
   
  WEST COAST MEP LTD
   
   
   
  UNAUDITED FINANCIAL STATEMENTS
   
   
  FOR THE YEAR ENDED 30 SEPTEMBER 2024
   
   
   
   
   
   
   
   
   
   
   
   
   
   
   
   
   
   
   
   
   
   
   
   
   
   
   
   
   
   
  WEST COAST MEP LTD
  FINANCIAL STATEMENTS
  FOR THE YEAR ENDED 30 SEPTEMBER 2024
       
       
  DIRECTORS
       
  Mr P McLoughlin
  Mr E Sweeney
       
       
  SECRETARY
       
  Mr P McLoughlin
       
  REGISTERED OFFICE
       
  Unit 8, Titan Court, Laporte Way, Luton, LU4 8EF
       
       
  COMPANY REGISTERED NUMBER
       
  11024593
       
       
  BANKERS
       
  Barclays Bank Plc
       
       
  ACCOUNTANTS
       
  Haartwells Accountants
  Chartered Certified Accountants
  25 Park Street West, Luton, Bedfordshire, LU1 3BE
       
  page 1
  WEST COAST MEP LTD
  FINANCIAL STATEMENTS
  FOR THE YEAR ENDED 30 SEPTEMBER 2024
       
       
       
  CONTENTS
       
  Pages
       
       
  3-4 Statement of Financial Position  
       
       
  5-10 Notes to the Financial Statements  
       
     
  page 2
  WEST COAST MEP LTD
  Company registered number: 11024593
  STATEMENT OF FINANCIAL POSITION AT 30 September 2024
           
    Note 2024 2023
      £ £ £
  FIXED ASSETS
  Intangible assets 3 2,880 3,840
  Property, plant and equipment 4 84,223 1,137,880
      87,103 1,141,720
  CURRENT ASSETS    
  Inventories   79,043 182,640
  Debtors 5 608,903 785,053
  Cash at bank and in hand   231,336 10,019
      919,282 977,712
  CREDITORS: Amounts falling due within one year 6 419,053 1,435,273
  NET CURRENT ASSETS/(LIABILITIES)   500,229 (457,561)
  TOTAL ASSETS LESS CURRENT LIABILITIES   587,332 684,159
           
  CREDITORS: Amounts falling due after more than one year 7 - (205,175)
           
  PROVISIONS FOR LIABILITIES   (16,525) (15,562)
  NET ASSETS   £570,807 £463,422
       
  CAPITAL AND RESERVES
  Called up share capital   200 200
  Retained earnings   570,607 463,222
  SHAREHOLDERS' FUNDS   £570,807 £463,422
       
  The notes on pages 5-10 form part of these financial statements
   
  page 3
  WEST COAST MEP LTD
  Company registered number: 11024593
  STATEMENT OF FINANCIAL POSITION AT 30 September 2024 (CONT.)
           
    Note 2024 2023
      £ £ £
       
       
  In approving these financial statements as directors of the company we hereby confirm the following:
       
  For the year in question the company was entitled to exemption under section 477 of the Companies Act 2006 relating to small companies.
       
  The members have not required the company to obtain an audit of its financial statements for the year ended 30 September 2024 in accordance with section 476 of the Companies Act 2006.
       
  The directors acknowledge their responsibilities for: 1) ensuring that the company keeps accounting records which comply with Sections 386 and 386 of the Companies Act 2006, and 2) preparing financial statements that give a true and fair view of the state of affairs of the company at at the end of each financial year and of its profit or loss for the 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 the financial statements, so far as they are applicable to the company.
 
 
  These financial statements have been prepared and delivered in accordance with the provisions of Part 15 of the Companies Act 2006 relating to small companies
       
  In accordance with Section 444 of the Companies Act 2006, the Income Statement has not been delivered.
       
  The financial statements were approved and authorised for issue by the board of directors on 22 January 2025
 
  Signed on behalf of the board of directors
 
 
       
  P McLoughlin, Director
       
       
  The notes on pages 5-10 form part of these financial statements
   
  page 4
  WEST COAST MEP LTD
  NOTES TO THE ACCOUNTS
  FOR THE YEAR ENDED 30 SEPTEMBER 2024
       
 
1. SIGNIFICANT ACCOUNTING POLICIES
       
         
1a. Statement of compliance
         
  West Coast MEP Ltd is a private limited company incorporated in England and Wales.
         
  Registered office:
  Unit 8, Titan Court, Laporte Way, Luton, LU4 8EF
  These financial statements are the first financial statements that comply with FRS 102. The date of transition is 1 October 2023.
         
  The transition to FRS 102 has resulted in a small number of changes in accounting policies to those used previously. The nature of these changes and their impact on opening equity and profit for the comparative period are explained in notes and below. 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" and the Companies Act 2006.
         
 
         
  Basis of accounting
         
 
  The financial statements have been prepared under the historical cost convention. The presentation currency is £ sterling.
         
1c. Revenue recognition
         
  Income is recognised when goods have been delivered to customers such that risks and rewards of ownership have transferred to them.
         
1d. Borrowing costs
         
  Borrowing costs directly attributable to the acquisition, construction or production of qualifying assets, which are assets that necessarily take a substantial period of time to get ready for their intended use or sale, are added to the cost of those assets, until such time as the assets are substantially ready for their intended use or sale. Investment income earned on the temporary investment of specific borrowings pending their expenditure on qualifying assets is deducted from the borrowing costs eligible for capitalisation. All other borrowing costs are recognised in profit or loss in the period in which they are incurred.
         
 
  The notes on pages 5-10 form part of these financial statements
   
  page 5
  WEST COAST MEP LTD
  NOTES TO THE ACCOUNTS (CONT.)
  FOR THE YEAR ENDED 30 SEPTEMBER 2024
       
 
1. SIGNIFICANT ACCOUNTING POLICIES (CONT.)
         
1e. Taxation
         
  Deferred tax is recognised on timing differences between the carrying amounts of assets and liabilities in the financial statements and the corresponding tax bases used in the computation of taxable profit. Deferred tax liabilities are generally recognised for all taxable temporary differences. Deferred tax assets are generally recognised for all deductible timing differences to the extent that it is probable that taxable profits will be available against which those deductible temporary differences can be utilised. The carrying amount of deferred tax assets is reviewed at the end of each reporting period and reduced to the extent that it is no longer probable that sufficient taxable profits will be available to allow all or part of the asset to be recovered. Deferred tax assets and liabilities are measured at the tax rates that are expected to apply in the period in which the liability is settled or the asset realised, based on tax rates (and tax laws) that have been enacted or substantively enacted by the end of the reporting period. The measurement of deferred tax liabilities and assets reflects the tax consequences that would follow from the manner in which the Company expects, at the end of the reporting period, to recover or settle the carrying amount of its assets and liabilities. Current or deferred tax for the year is recognised in profit or loss, except when they relate to items that are recognised in other comprehensive income or directly in equity, in which case, the current and deferred tax is also recognised in other comprehensive income or directly in equity respectively.
         
 
         
 
       
1f. Property, plant and equipment
       
  Depreciation is provided, after taking account of any grants receivable, at the following annual rates in order to write off each asset over its estimated useful life.
       
  Plant and machinery Reducing balance 25%  
  Vehicles Reducing balance 25%  
  Fixtures and fittings Reducing balance 15%  
  Equipment Reducing balance 15%  
         
1g. Inventories
         
  Stocks are stated at the lower of cost and net realisable value. Cost includes all costs incurred in bringing each product to its present location and condition.
         
         
1h. Short term debtors and creditors
         
  Debtors and creditors receivable or payable within one year are recorded at transaction price. Any losses arising from impairment are recognised in profit and loss.
         
         
1i. Cash and cash equivalents
         
  Cash and cash equivalents comprise cash at bank and on hand, demand deposits with banks and other short-term highly liquid investments with original maturities of three months or less and bank overdrafts. In the statement of financial position, bank overdrafts are shown within borrowings or current liabilities. For the purpose of statement of cash flows, bank overdrafts which are repayable on demand form an integral part of the Company's cash management are included as a component of cash and cash equivalents.
         
 
  The notes on pages 5-10 form part of these financial statements
   
  page 6
  WEST COAST MEP LTD
  NOTES TO THE ACCOUNTS (CONT.)
  FOR THE YEAR ENDED 30 SEPTEMBER 2024
       
 
1. SIGNIFICANT ACCOUNTING POLICIES (CONT.)
         
1j. Interest bearing borrowings
         
  All interest-bearing loans and borrowings which are basic financial instruments are initially recognised at the present value of cash payable to the bank (including interest). After initial recognition they are measured at amortised cost using the effective interest rate method, less impairment. Any difference between the amount initially recognised and redemption value is recognised in profit and loss together with any interest and fees payable.
         
         
1k. Leased assets
         
  Assets held under finance leases, which are leases where substantially all the risks and rewards of ownership of the asset have passed to the Company are capitalised in the balance sheet and are depreciated over the shorter of the lease term and the asset's useful life. A corresponding liability is recognised for the lower of the fair value of the leased asset and the present value of the minimum lease payments in the balance sheet. Lease payments are apportioned between the reduction of the lease liability and finance charges in the income statement so as to achieve a constant rate of interest on the remaining balance of the liability. Rentals payable under operating leases are charged in the profit and loss account on a straight line basis over the lease term. Lease incentives are recognised over the lease term on a straight line basis.
         
 
         
         
1l. Employee benefits
         
  The obligations for contributions to defined contribution scheme are recognised as an expense as incurred. The assets of the scheme are held separately from those of the Company in an independent administered fund.
         
       
       
2. DIRECTORS AND EMPLOYEES
       
  Employee costs during the year amounted to: 2024 2023
    £ £
  Wages and salaries 541,680 514,881
  Pension costs 21,654 5,591
    £563,334 £520,472
  The average weekly number of employees during the year were as follows:
    2024 2023
    No. No.
  Management and administration 7 7
  Production and sales 19 9
    26 16
   
  The notes on pages 5-10 form part of these financial statements
   
  page 7
  WEST COAST MEP LTD
  NOTES TO THE ACCOUNTS (CONT.)
  FOR THE YEAR ENDED 30 SEPTEMBER 2024
       
       
3. INTANGIBLE FIXED ASSETS
       
    Goodwill Total
    £ £
  Cost
       
  At 1 October 2023 9,600 9,600
  At 30 September 2024 9,600 9,600
  Amortisation
       
  At 1 October 2023 5,760 5,760
  For the year 960 960
  At 30 September 2024 6,720 6,720
   
  Net Book Amounts
       
  At 30 September 2024 2,880 2,880
  At 30 September 2023 3,840 3,840
   
           
4. PROPERTY, PLANT AND EQUIPMENT
      Plant & Fixtures &  
    Freehold Machinery Equipment Total
    £ £ £ £
  Cost
           
  At 1 October 2023 1,091,632 16,560 136,339 1,244,531
  Additions other than through business combinations - 283 52,512 52,795
           
  Disposals (1,091,632) - (20,800) (1,112,432)
  At 30 September 2024 - 16,843 168,051 184,894
   
  Depreciation
           
  At 1 October 2023 16,000 4,926 85,725 106,651
  Disposals (16,000) - (14,219) (30,219)
  For the year - 1,787 22,452 24,239
  At 30 September 2024 - 6,713 93,958 100,671
   
  Net Book Amounts
           
  At 30 September 2024 £- £10,130 £74,093 £84,223
  At 30 September 2023 £1,075,632 £11,634 £50,614 £1,137,880
   
  The notes on pages 5-10 form part of these financial statements
   
  page 8
  WEST COAST MEP LTD
  NOTES TO THE ACCOUNTS (CONT.)
  FOR THE YEAR ENDED 30 SEPTEMBER 2024
       
       
5. DEBTORS 2024 2023
    £ £
  Trade debtors 63,144 384,089
  Social security and other taxes 58,806 -
  Other debtors 486,953 400,964
    £608,903 £785,053
   
       
       
6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
    2024 2023
    £ £
  Bank loans and overdrafts - 491,925
  Finance leases and hire purchase contracts 12,759 -
  Trade creditors 274,794 689,057
  Corporation tax 58,500 19,265
  Other taxes and social security 12,668 13,098
  Other creditors 34,194 210,790
  Accruals and deferred income 26,138 11,138
    £419,053 £1,435,273
   
       
       
       
7. CREDITORS: AMOUNTS FALLING DUE AFTER ONE YEAR
    2024 2023
    £ £
  Bank loans and overdrafts - 205,175
    £- £205,175
   
       
       
  Analysis of borrowings:
       
  Due within five years:
  within 1 year
  bank - 491,925
  leases 12,759 -
  within 2-5 years
  bank - 49,390
    £12,759 £541,315
   
  Due after five years:
  wholly or in part by instalments - 155,785
  otherwise than by instalments - -
    £- £155,785
   
  The notes on pages 5-10 form part of these financial statements
   
  page 9
  WEST COAST MEP LTD
  NOTES TO THE ACCOUNTS (CONT.)
  FOR THE YEAR ENDED 30 SEPTEMBER 2024
       
       
7. CREDITORS: AMOUNTS FALLING DUE AFTER ONE YEAR (CONT.)
    2024 2023
    £ £
  The notes on pages 5-10 form part of these financial statements
   
  page 10