Company Registration No. 08469565 (England and Wales)
Westacott Construction Limited
Unaudited accounts
for the year ended 30 April 2024
Westacott Construction Limited
Unaudited accounts
Contents
Westacott Construction Limited
Company Information
for the year ended 30 April 2024
Secretary
Mrs Jacqueline Rachel Westacott
Company Number
08469565 (England and Wales)
Registered Office
2 Traceys Cottages
Knowstone
South Molton
EX36 4RY
Accountants
R O Walters
48 Water Park Road
Bideford
EX39 3RN
Westacott Construction Limited
Accountants' report
Accountants' report to the director of Westacott Construction Limited (the company)
These financial statements have been prepared in accordance with our terms of engagement and in order to assist you to fulfil your duties under the Companies Acts that relate to preparing the financial statements of the company for the year ended 30 April 2024.
We have prepared these financial statements based on the accounting records, information and explanations provided by you. We do not express any opinion on the financial statements.
On the balance sheet you have acknowledged your duties under the prevailing Companies Acts to ensure that the company keeps adequate accounting records and prepares financial statements that give "a true and fair view".
You have determined that the company is exempt from the statutory requirement for an audit for the year ended 30 April 2024. Therefore, the financial statements are unaudited.
The financial statements are provided exclusively to the director for the limited purpose mentioned above, and may not be used or relied upon for any other purpose or by any other person, and we shall not be liable for any other usage or reliance.
R O Walters
48 Water Park Road
Bideford
EX39 3RN
23 January 2025
Westacott Construction Limited
Statement of financial position
as at 30 April 2024
Tangible assets
4,312
6,811
Creditors: amounts falling due within one year
(6,784)
(7,082)
Net current liabilities
(2,379)
(4,236)
Total assets less current liabilities
1,933
2,575
Provisions for liabilities
Called up share capital
1,000
1,000
Profit and loss account
114
281
Shareholders' funds
1,114
1,281
For the year ending 30 April 2024 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies. The members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.
The director acknowledges his responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.
These accounts have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies' regime and in accordance with the provisions of FRS 102 Section 1A - Small Entities. The profit and loss account has not been delivered to the Registrar of Companies.
The financial statements were approved by the Board and authorised for issue on 23 January 2025 and were signed on its behalf by
James Westacott
Director
Company Registration No. 08469565
Westacott Construction Limited
Notes to the Accounts
for the year ended 30 April 2024
Westacott Construction Limited is a private company, limited by shares, registered in England and Wales, registration number 08469565. The registered office is 2 Traceys Cottages, Knowstone, South Molton, EX36 4RY.
2
Compliance with accounting standards
The accounts have been prepared in accordance with the provisions of FRS 102 Section 1A Small Entities. There were no material departures from that standard.
The principal accounting policies adopted in the preparation of the financial statements are set out below and have remained unchanged from the previous year, and also have been consistently applied within the same accounts.
The accounts have been prepared under the historical cost convention as modified by the revaluation of certain fixed assets.
The accounts are presented in £ sterling.
Tangible fixed assets and depreciation
Tangible assets are included at cost less depreciation and impairment. Depreciation has been provided at the following rates in order to write off the assets over their estimated useful lives:
Plant & machinery
12.5% straight line
Acquired goodwill is written off in equal instalments over its estimated useful economic life of 10 years.
Deferred tax arises as a result of including items of income and expenditure in taxation computations in periods different from those in which they are included in the company's accounts. Deferred tax is provided in full on timing differences which result in an obligation to pay more (or less) tax at a future date, at the average tax rates that are expected to apply when the timing differences reverse, based on current tax rates and laws.
Deferred tax assets and liabilities are not discounted.
4
Intangible fixed assets
Goodwill
Westacott Construction Limited
Notes to the Accounts
for the year ended 30 April 2024
5
Tangible fixed assets
Plant & machinery
Motor vehicles
Total
Cost or valuation
At cost
At cost
At 1 May 2023
25,120
14,721
39,841
At 30 April 2024
25,226
14,721
39,947
At 1 May 2023
18,309
14,721
33,030
Charge for the year
2,605
-
2,605
At 30 April 2024
20,914
14,721
35,635
At 30 April 2024
4,312
-
4,312
At 30 April 2023
6,811
-
6,811
Amounts falling due within one year
Accrued income and prepayments
674
626
7
Creditors: amounts falling due within one year
2024
2023
Bank loans and overdrafts
3,423
905
Taxes and social security
1,976
3,430
Loans from directors
-
1,328
Brought
Forward
Advance/
credit
Repaid
Carried
Forward
Interest free loan
(1,328)
39,924
35,865
2,731
(1,328)
39,924
35,865
2,731
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Average number of employees
During the year the average number of employees was 3 (2023: 2).