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 | |
Company registered number: |
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STATEMENT OF FINANCIAL POSITION AT |
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Note | 2024 | 2023 | |||
£ | £ | £ | |||
FIXED ASSETS | |||||
Intangible assets | 3 | ||||
Property, plant and equipment | 4 | ||||
CURRENT ASSETS | |||||
Inventories | |||||
Debtors | 5 | ||||
Cash at bank and in hand | |||||
CREDITORS: Amounts falling due within one year | 6 | ||||
NET CURRENT ASSETS/(LIABILITIES) | ( |
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TOTAL ASSETS LESS CURRENT LIABILITIES | |||||
CREDITORS: Amounts falling due after more than one year | 7 | ( |
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PROVISIONS FOR LIABILITIES | ( |
( |
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NET ASSETS | £ |
£ |
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CAPITAL AND RESERVES | |||||
Called up share capital | |||||
Retained earnings | |||||
SHAREHOLDERS' FUNDS | £ |
£ |
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The notes on pages 5-10 form part of these financial statements | |
page 3 | |
Company registered number: |
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STATEMENT OF FINANCIAL POSITION AT |
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Note | 2024 | 2023 | |||
£ | £ | £ |
In approving these financial statements as directors of the company we hereby confirm the following: | |||
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 |
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Signed on behalf of the board of directors | |||
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 | |||
Registered office: | ||||
These financial statements are the first financial statements that comply with FRS 102. The date of transition is 1 October 2023. | ||||
Basis of accounting | ||||
1c. | Revenue recognition | |||
1d. | Borrowing costs | |||
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 | |||
1f. | Property, plant and equipment | ||
Plant and machinery | |||
Vehicles | |||
Fixtures and fittings | |||
Equipment |
1g. | Inventories | |||
1h. | Short term debtors and creditors | |||
1i. | 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 | |||
1k. | Leased assets | |||
1l. | Employee benefits | |||
2. | DIRECTORS AND EMPLOYEES | ||
Employee costs during the year amounted to: | 2024 | 2023 | |
£ | £ | ||
Wages and salaries | |||
Pension costs | |||
£ |
£ |
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The average weekly number of employees during the year were as follows: | |||
2024 | 2023 | ||
No. | No. | ||
Management and administration | |||
Production and sales | |||
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 | |||
At 30 September 2024 | |||
Amortisation | |||
At 1 October 2023 | |||
For the year | |||
At 30 September 2024 | |||
Net Book Amounts | |||
At 30 September 2024 | |||
At 30 September 2023 | |||
4. | PROPERTY, PLANT AND EQUIPMENT | ||||
Plant & | Fixtures & | ||||
Freehold | Machinery | Equipment | Total | ||
£ | £ | £ | £ | ||
Cost | |||||
At 1 October 2023 | |||||
Additions other than through business combinations | |||||
Disposals | ( |
( |
( |
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At 30 September 2024 | |||||
Depreciation | |||||
At 1 October 2023 | |||||
Disposals | ( |
( |
( |
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For the year | |||||
At 30 September 2024 | |||||
Net Book Amounts | |||||
At 30 September 2024 | £ |
£ |
£ |
£ |
|
At 30 September 2023 | £ |
£ |
£ |
£ |
|
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 | |||
Social security and other taxes | |||
Other debtors | |||
£ |
£ |
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6. | CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR | ||
2024 | 2023 | ||
£ | £ | ||
Bank loans and overdrafts | - | 491,925 | |
Finance leases and hire purchase contracts | |||
Trade creditors | |||
Corporation tax | |||
Other taxes and social security | |||
Other creditors | |||
Accruals and deferred income | |||
£ |
£ |
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7. | CREDITORS: AMOUNTS FALLING DUE AFTER ONE YEAR | ||
2024 | 2023 | ||
£ | £ | ||
Bank loans and overdrafts | |||
£ |
£ |
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Analysis of borrowings: | |||
Due within five years: | |||
within 1 year | |||
bank | |||
leases | |||
within 2-5 years | |||
bank | |||
£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 |