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REGISTERED NUMBER: 02044572 (England and Wales)















WEST QUAY LIMITED

UNAUDITED FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 JULY 2024






WEST QUAY LIMITED (REGISTERED NUMBER: 02044572)

CONTENTS OF THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 JULY 2024










Page

Company Information 1

Chartered Accountants' Report 2

Balance Sheet 3

Notes to the Financial Statements 4


WEST QUAY LIMITED

COMPANY INFORMATION
FOR THE YEAR ENDED 31 JULY 2024







DIRECTORS: Mr S J Davenport
Miss E C Davenport



REGISTERED OFFICE: Fryern House
125 Winchester Road
Chandlers Ford
Hampshire
SO53 2DR



REGISTERED NUMBER: 02044572 (England and Wales)



ACCOUNTANTS: Rothmans CF Limited
Fryern House
125 Winchester Road
Chandlers Ford
Hampshire
SO53 2DR



BANKERS: Lloyds TSB Bank Plc
36 Market Street
Eastleigh
Hampshire
SO50 9YT

CHARTERED ACCOUNTANTS' REPORT TO THE BOARD OF DIRECTORS
ON THE UNAUDITED FINANCIAL STATEMENTS OF
WEST QUAY LIMITED


The following reproduces the text of the report prepared for the directors in respect of the company's annual unaudited financial statements. In accordance with the Companies Act 2006, the company is only required to file a Balance Sheet. Readers are cautioned that the Income Statement and certain other primary statements and the Report of the Directors are not required to be filed with the Registrar of Companies.

In order to assist you to fulfil your duties under the Companies Act 2006, we have prepared for your approval the financial statements of West Quay Limited for the year ended 31 July 2024 which comprise the Statement of Income and Retained Earnings, Balance Sheet and the related notes from the company's accounting records and from information and explanations you have given us.

As a practising member firm of the Institute of Chartered Accountants in England and Wales (ICAEW), we are subject to its ethical and other professional requirements which are detailed within the ICAEW's regulations and guidance at http://www.icaew.com/en/membership/regulations-standards-and-guidance.

This report is made solely to the Board of Directors of West Quay Limited, as a body, in accordance with our terms of engagement. Our work has been undertaken solely to prepare for your approval the financial statements of West Quay Limited and state those matters that we have agreed to state to the Board of Directors of West Quay Limited, as a body, in this report in accordance with ICAEW Technical Release 07/16AAF. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than West Quay Limited and its Board of Directors, as a body, for our work or for this report.

It is your duty to ensure that West Quay Limited has kept adequate accounting records and to prepare statutory financial statements that give a true and fair view of the assets, liabilities, financial position and profit of West Quay Limited. You consider that West Quay Limited is exempt from the statutory audit requirement for the year.

We have not been instructed to carry out an audit or a review of the financial statements of West Quay Limited. For this reason, we have not verified the accuracy or completeness of the accounting records or information and explanations you have given to us and we do not, therefore, express any opinion on the statutory financial statements.






Rothmans CF Limited
Fryern House
125 Winchester Road
Chandlers Ford
Hampshire
SO53 2DR


Date: .............................................

WEST QUAY LIMITED (REGISTERED NUMBER: 02044572)

BALANCE SHEET
31 JULY 2024

2024 2023
Notes £ £ £ £
FIXED ASSETS
Tangible assets 4 39,561 47,709

CURRENT ASSETS
Stocks 2,250 2,250
Debtors 5 306,410 276,132
Cash at bank and in hand 104,697 71,672
413,357 350,054
CREDITORS
Amounts falling due within one year 6 329,051 205,023
NET CURRENT ASSETS 84,306 145,031
TOTAL ASSETS LESS CURRENT
LIABILITIES

123,867

192,740

CAPITAL AND RESERVES
Called up share capital 10,000 10,000
Retained earnings 113,867 182,740
SHAREHOLDERS' FUNDS 123,867 192,740

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

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

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 Statement of Income and Retained Earnings has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 14 January 2025 and were signed on its behalf by:





Mr S J Davenport - Director


WEST QUAY LIMITED (REGISTERED NUMBER: 02044572)

NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 JULY 2024


1. STATUTORY INFORMATION

West Quay Limited is a private company, limited by shares, registered in England and Wales. The company's registered number is 02044572 and the registered office address is Fryern House, 125 Winchester Road, Chandlers Ford, Eastleigh, Hampshire, SO53 2DR.

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.

The presentation currency is £ sterling.

Related party exemption
The company has taken advantage of exemption, under the terms of Financial Reporting Standard 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland', not to disclose related party transactions with wholly owned subsidiaries within the group.

Significant judgements and estimates
The preparation of the financial statements requires management to make judgements, estimates and assumptions. However, the nature of estimation means that actual outcomes could differ from those estimates.

The following judgements (apart from those involving estimates) have had the most significant effect on the amounts recognised in the financial statements:

1) Leases
A lease that does not transfer substantially all the risks and rewards of ownership is classified as an operating lease and is therefore not included in the Balance Sheet.

Other key sources of estimation uncertainty:

1) Useful life of tangible fixed assets
A reliable estimate is made of the useful life of tangible fixed assets on acquisition. This estimate is based on a variety of factors such as expected use of the asset.

2) Residual value of tangible fixed assets
Tangible fixed assets are depreciated over their useful lives, taking into account residual values where appropriate. The actual lives of the assets and residual values may vary depending on a number of factors, such as market conditions, the remaining life of the asset and projected disposal values.

Turnover
Turnover represents net sales in respect of order fulfilment, including recharges, during the year (excluding value added tax) adjusted for accrued and deferred income where applicable.

Depreciation
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Leasehold property - Over the period of the lease
Plant and machinery - 15% straight line
Fixtures, fittings and equipment - 25% straight line
Motor vehicles - 25% straight line

Fixed assets
All fixed assets are initially recorded at cost.

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

WEST QUAY LIMITED (REGISTERED NUMBER: 02044572)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 JULY 2024


2. ACCOUNTING POLICIES - continued

Financial instruments
The company only has financial assets and liabilities of the kind that qualify as basic financial instruments. Basic financial instruments are initially recognised at transaction value and debt instruments are subsequently measured at amortised cost.

Taxation
Taxation for the year comprises current and deferred tax. Tax is recognised in the Statement of Income and Retained Earnings, except to the extent that it relates to items recognised in other comprehensive income or directly in equity.

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.

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.

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.

Research and development
Expenditure on research and development is written off in the year in which it is incurred.

Operating lease agreements
Rentals applicable to operating leases, where substantially all of the benefits and risks of ownership remain with the lessor, are charged against profits on a straight line basis over the period of the lease.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 33 (2023 - 34 ) .

WEST QUAY LIMITED (REGISTERED NUMBER: 02044572)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 JULY 2024


4. TANGIBLE FIXED ASSETS
Fixtures,
fittings
Leasehold Plant and and Motor
property machinery equipment vehicles Totals
£ £ £ £ £
COST
At 1 August 2023 513,740 39,500 159,575 18,295 731,110
Additions - 9,374 2,761 - 12,135
At 31 July 2024 513,740 48,874 162,336 18,295 743,245
DEPRECIATION
At 1 August 2023 513,740 24,713 132,060 12,888 683,401
Charge for year - 5,608 11,423 3,252 20,283
At 31 July 2024 513,740 30,321 143,483 16,140 703,684
NET BOOK VALUE
At 31 July 2024 - 18,553 18,853 2,155 39,561
At 31 July 2023 - 14,787 27,515 5,407 47,709

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£ £
Trade debtors 187,791 215,153
Amounts owed by group undertakings 47,677 -
Other debtors 70,942 60,979
306,410 276,132

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£ £
Bank loans and overdrafts 865 2,362
Trade creditors 101,246 83,367
Amounts owed to group undertakings 1,694 92
Social security and other taxes 82,829 79,364
Other creditors 114,425 10,257
Accruals and deferred income 27,992 29,581
329,051 205,023

7. LEASING AGREEMENTS

Minimum lease payments under non-cancellable operating leases fall due as follows:
2024 2023
£ £
Within one year 120,000 120,000
Between one and five years 170,000 290,000
290,000 410,000

WEST QUAY LIMITED (REGISTERED NUMBER: 02044572)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 JULY 2024


8. PARENT UNDERTAKING

The ultimate controlling party is Miss E C Davenport.

The immediate parent company is DVPT Group (Holdings) Ltd, a company registered in England & Wales. Up until 30 April 2024 DVPT Group (Holdings) Ltd were also the ultimate parent company. From 30 April 2024 the ultimate parent company is ECF Holdings Limited, a company registered in England and Wales.