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REGISTERED NUMBER: SC618905 (Scotland)













Unaudited Financial Statements

for the Year Ended 31 January 2024

for

WEST COVE CATERING REPAIR LTD

WEST COVE CATERING REPAIR LTD (REGISTERED NUMBER: SC618905)






Contents of the Financial Statements
FOR THE YEAR ENDED 31 JANUARY 2024




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


WEST COVE CATERING REPAIR LTD

Company Information
FOR THE YEAR ENDED 31 JANUARY 2024







DIRECTORS: D Steele
Mrs N K Steele





REGISTERED OFFICE: 6th Floor
Gordon Chambers
90 Mitchell Street
Glasgow
G1 3NQ





REGISTERED NUMBER: SC618905 (Scotland)





ACCOUNTANTS: BK Plus Ltd
6th Floor
Gordon Chambers
90 Mitchell Street
Glasgow
Lanarkshire
G1 3NQ

WEST COVE CATERING REPAIR LTD (REGISTERED NUMBER: SC618905)

Balance Sheet
31 JANUARY 2024

2024 2023
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 81,152 90,617

CURRENT ASSETS
Stocks 5 28,253 27,500
Debtors 6 86,797 102,441
Cash at bank 64,946 59,971
179,996 189,912
CREDITORS
Amounts falling due within one year 7 167,874 138,805
NET CURRENT ASSETS 12,122 51,107
TOTAL ASSETS LESS CURRENT
LIABILITIES

93,274

141,724

CREDITORS
Amounts falling due after more than one
year

8

(48,212

)

(80,685

)

PROVISIONS FOR LIABILITIES (20,288 ) (22,654 )
NET ASSETS 24,774 38,385

CAPITAL AND RESERVES
Called up share capital 2 2
Retained earnings 24,772 38,383
24,774 38,385

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

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

WEST COVE CATERING REPAIR LTD (REGISTERED NUMBER: SC618905)

Balance Sheet - continued
31 JANUARY 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 27 January 2025 and were signed on its behalf by:





Mrs N K Steele - Director


WEST COVE CATERING REPAIR LTD (REGISTERED NUMBER: SC618905)

Notes to the Financial Statements
FOR THE YEAR ENDED 31 JANUARY 2024

1. STATUTORY INFORMATION

West Cove Catering Repair Ltd is a private company, limited by shares , registered in Scotland. 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 is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Plant and machinery - 25% on a reducing balance basis
Fixtures and fittings - 20% on a reducing balance basis
Motor vehicles - 20% on a reducing balance basis
Computer equipment - 33% on a straight line basis

Stocks
Stocks are valued at the lower of cost and net realisable value, after making due allowance for obsolete and slow moving items.

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 balance sheet date.


WEST COVE CATERING REPAIR LTD (REGISTERED NUMBER: SC618905)

Notes to the Financial Statements - continued
FOR THE YEAR ENDED 31 JANUARY 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 balance sheet 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.

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 9 (2023 - 6 ) .

4. TANGIBLE FIXED ASSETS
Fixtures
Plant and and Motor Computer
machinery fittings vehicles equipment Totals
£    £    £    £    £   
COST
At 1 February 2023 13,692 265 125,914 770 140,641
Additions 5,525 1,662 1,800 847 9,834
At 31 January 2024 19,217 1,927 127,714 1,617 150,475
DEPRECIATION
At 1 February 2023 6,203 156 42,895 770 50,024
Charge for year 2,145 23 16,903 228 19,299
At 31 January 2024 8,348 179 59,798 998 69,323
NET BOOK VALUE
At 31 January 2024 10,869 1,748 67,916 619 81,152
At 31 January 2023 7,489 109 83,019 - 90,617

WEST COVE CATERING REPAIR LTD (REGISTERED NUMBER: SC618905)

Notes to the Financial Statements - continued
FOR THE YEAR ENDED 31 JANUARY 2024

5. STOCKS
2024 2023
£    £   
Stocks 28,253 27,500

6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Trade debtors 85,727 102,441
Other debtors 1,070 -
86,797 102,441

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Bank loans and overdrafts 8,883 11,283
Hire purchase contracts (see note 9) 15,008 17,858
Trade creditors 61,760 40,867
Taxation and social security 57,532 52,254
Other creditors 24,691 16,543
167,874 138,805

8. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN
ONE YEAR
2024 2023
£    £   
Bank loans 9,446 23,766
Hire purchase contracts (see note 9) 38,766 56,919
48,212 80,685

9. LEASING AGREEMENTS

Minimum lease payments fall due as follows:

Hire purchase contracts
2024 2023
£    £   
Net obligations repayable:
Within one year 15,008 17,858
Between one and five years 38,766 56,919
53,774 74,777

WEST COVE CATERING REPAIR LTD (REGISTERED NUMBER: SC618905)

Notes to the Financial Statements - continued
FOR THE YEAR ENDED 31 JANUARY 2024

9. LEASING AGREEMENTS - continued

Non-cancellable operating leases
2024 2023
£    £   
Within one year 7,023 -
Between one and five years 16,972 -
23,995 -