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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
Page
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Westacott Construction Limited Company Information for the year ended 30 April 2024
Director
James Westacott
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
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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
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Westacott Construction Limited Statement of financial position as at 30 April 2024
2024 
2023 
Notes
£ 
£ 
Fixed assets
Tangible assets
4,312 
6,811 
Current assets
Debtors
4,405 
2,846 
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
Deferred tax
(819)
(1,294)
Net assets
1,114 
1,281 
Capital and reserves
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
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Westacott Construction Limited Notes to the Accounts for the year ended 30 April 2024
1
Statutory information
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.
3
Accounting policies
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.
Basis of preparation
The accounts have been prepared under the historical cost convention as modified by the revaluation of certain fixed assets.
Presentation currency
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
Intangible fixed assets
Acquired goodwill is written off in equal instalments over its estimated useful economic life of 10 years.
Deferred taxation
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 
£ 
Cost
At 1 May 2023
12,000 
At 30 April 2024
12,000 
Amortisation
At 1 May 2023
12,000 
At 30 April 2024
12,000 
Net book value
At 30 April 2024
- 
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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 
Additions
106 
- 
106 
At 30 April 2024
25,226 
14,721 
39,947 
Depreciation
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 
Net book value
At 30 April 2024
4,312 
- 
4,312 
At 30 April 2023
6,811 
- 
6,811 
6
Debtors
2024 
2023 
£ 
£ 
Amounts falling due within one year
Trade debtors
1,000 
2,220 
Accrued income and prepayments
674 
626 
Other debtors
2,731 
- 
4,405 
2,846 
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 
Accruals
1,385 
1,419 
6,784 
7,082 
8
Loans to directors
Brought Forward 
Advance/ credit 
Repaid 
Carried Forward 
£ 
£ 
£ 
£ 
James Westacott
Interest free loan
(1,328)
39,924 
35,865 
2,731 
(1,328)
39,924 
35,865 
2,731 
9
Average number of employees
During the year the average number of employees was 3 (2023: 2).
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