Company registration number 08260948 (England and Wales)
WESTBY CONTRACTORS LTD
UNAUDITED FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2024
PAGES FOR FILING WITH REGISTRAR
WESTBY CONTRACTORS LTD
COMPANY INFORMATION
Directors
Mr J Pike
Mrs D P Pike
Company number
08260948
Registered office
7 Gillars Lane
Eccleston
St Helens
Merseyside
United Kingdom
WA10 5PZ
Accountants
BK Plus Limited
7 Waterside Court
St. Helens
Merseyside
United Kingdom
WA9 1UA
WESTBY CONTRACTORS LTD
CONTENTS
Page
Accountants' report
1
Balance sheet
2 - 3
Notes to the financial statements
4 - 7
WESTBY CONTRACTORS LTD
REPORT TO THE DIRECTORS ON THE PREPARATION OF THE UNAUDITED STATUTORY ACCOUNTS OF WESTBY CONTRACTORS LTD
- 1 -

In order to assist you to fulfil your duties under the Companies Act 2006, we have prepared for your approval the financial statements of Westby Contractors Ltd for the year ended 31 March 2024 which comprise, the 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 Association of Chartered Certified Accountants, we are subject to its ethical and other professional requirements which are detailed at https://www.accaglobal.com/gb/en/member/standards/rules-and-standards/rulebook.html.

This report is made solely to the board of directors of Westby Contractors Ltd, as a body, in accordance with the terms of our engagement letter dated 28 December 2023. Our work has been undertaken solely to prepare for your approval the financial statements of Westby Contractors Ltd and state those matters that we have agreed to state to the board of directors of Westby Contractors Ltd, as a body, in this report in accordance with the requirements of the Association of Chartered Certified Accountants as detailed at https://www.accaglobal.com/content/dam/ACCA_Global/Technical/fact/technical-factsheet-163.pdf. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than Westby Contractors Ltd and its board of directors as a body for our work or for this report.

It is your duty to ensure that Westby Contractors Ltd 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 Westby Contractors Ltd. You consider that Westby Contractors Ltd 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 Westby Contractors Ltd. 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.

BK Plus Limited
Chartered Certified Accountants
7 Waterside Court
St. Helens
Merseyside
WA9 1UA
United Kingdom
10 February 2025
WESTBY CONTRACTORS LTD
BALANCE SHEET
AS AT
31 MARCH 2024
31 March 2024
- 2 -
2024
2023
Notes
£
£
£
£
Fixed assets
Tangible assets
4
36,108
47,486
Current assets
Stocks
4,860
5,225
Debtors
5
87,164
86,590
Cash at bank and in hand
10,269
8,619
102,293
100,434
Creditors: amounts falling due within one year
6
(39,001)
(42,549)
Net current assets
63,292
57,885
Total assets less current liabilities
99,400
105,371
Creditors: amounts falling due after more than one year
7
(16,555)
(25,302)
Provisions for liabilities
(6,861)
(9,022)
Net assets
75,984
71,047
Capital and reserves
Called up share capital
100
100
Profit and loss reserves
75,884
70,947
Total equity
75,984
71,047
WESTBY CONTRACTORS LTD
BALANCE SHEET (CONTINUED)
AS AT
31 MARCH 2024
31 March 2024
- 3 -

For the financial year ended 31 March 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 of its financial statements for the year in question in accordance with section 476.

The directors acknowledge their responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of financial statements.

These financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime.

The directors of the company have elected not to include a copy of the profit and loss account within the financial statements.true

The financial statements were approved by the board of directors and authorised for issue on 30 January 2025 and are signed on its behalf by:
Mr J Pike
Director
Company registration number 08260948 (England and Wales)
WESTBY CONTRACTORS LTD
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2024
- 4 -
1
Accounting policies
Company information

Westby Contractors Ltd is a private company limited by shares incorporated in England and Wales. The registered office is 7 Gillars Lane, Eccleston, St Helens, Merseyside, United Kingdom, WA10 5PZ.

1.1
Accounting convention

These financial statements have been prepared in accordance with FRS 102 “The Financial Reporting Standard applicable in the UK and Republic of Ireland” (“FRS 102”) and the requirements of the Companies Act 2006 as applicable to companies subject to the small companies regime. The disclosure requirements of section 1A of FRS 102 have been applied other than where additional disclosure is required to show a true and fair view.

The financial statements are prepared in sterling, which is the functional currency of the company. Monetary amounts in these financial statements are rounded to the nearest £.

The financial statements have been prepared under the historical cost convention, [modified to include the revaluation of freehold properties and to include investment properties and certain financial instruments at fair value]. The principal accounting policies adopted are set out below.

1.2
Turnover

Turnover is recognised at the fair value of the consideration received or receivable for goods and services provided in the normal course of business, and is shown net of VAT and other sales related taxes. The fair value of consideration takes into account trade discounts, settlement discounts and volume rebates.

 

1.3
Intangible fixed assets - goodwill

Goodwill represents the excess of the cost of acquisition of unincorporated businesses over the fair value of net assets acquired. It is initially recognised as an asset at cost and is subsequently measured at cost less accumulated amortisation and accumulated impairment losses. Goodwill is considered to have a finite useful life and is amortised on a systematic basis over its expected life, which is 10 years.

1.4
Tangible fixed assets

Tangible fixed assets are initially measured at cost and subsequently measured at cost or valuation, net of depreciation and any impairment losses.

Depreciation is recognised so as to write off the cost or valuation of assets less their residual values over their useful lives on the following bases:

Plant and equipment
15% reducing balance
Motor vehicles
20% reducing balance

The gain or loss arising on the disposal of an asset is determined as the difference between the sale proceeds and the carrying value of the asset, and is credited or charged to profit or loss.

1.5
Stocks

Stocks are stated at the lower of cost and net realisable value after making allowances for obsolete and slow moving items

1.6
Taxation

The tax expense represents the sum of the tax currently payable and deferred tax.

WESTBY CONTRACTORS LTD
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 31 MARCH 2024
1
Accounting policies
(Continued)
- 5 -
Current tax

The tax currently payable is based on taxable profit for the year. Taxable profit differs from net profit as reported in the profit and loss account because it excludes items of income or expense that are taxable or deductible in other years and it further excludes items that are never taxable or deductible. The company’s liability for current tax is calculated using tax rates that have been enacted or substantively enacted by the reporting end date.

Deferred tax

Deferred tax is provided in full in respect of taxation deferred by timing differences between the treatment of certain items for taxation and accounting purposes. The deferred tax has not been discounted.

2
Employees

The average monthly number of persons (including directors) employed by the company during the year was:

2024
2023
Number
Number
Total
3
4
3
Intangible fixed assets
Goodwill
£
Cost
At 1 April 2023 and 31 March 2024
10,000
Amortisation and impairment
At 1 April 2023 and 31 March 2024
10,000
Carrying amount
At 31 March 2024
-
0
At 31 March 2023
-
0
WESTBY CONTRACTORS LTD
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 31 MARCH 2024
- 6 -
4
Tangible fixed assets
Plant and equipment
Motor vehicles
Total
£
£
£
Cost
At 1 April 2023
4,130
69,797
73,927
Additions
170
-
0
170
Disposals
-
0
(11,834)
(11,834)
At 31 March 2024
4,300
57,963
62,263
Depreciation and impairment
At 1 April 2023
1,670
24,771
26,441
Depreciation charged in the year
396
8,468
8,864
Eliminated in respect of disposals
-
0
(9,150)
(9,150)
At 31 March 2024
2,066
24,089
26,155
Carrying amount
At 31 March 2024
2,234
33,874
36,108
At 31 March 2023
2,460
45,026
47,486
5
Debtors
2024
2023
Amounts falling due within one year:
£
£
Trade debtors
72,310
73,513
Other debtors
14,854
13,077
87,164
86,590
6
Creditors: amounts falling due within one year
2024
2023
£
£
Bank loans
3,531
3,600
Trade creditors
13,278
23,201
Corporation tax
20
19
Other creditors
22,172
15,729
39,001
42,549
WESTBY CONTRACTORS LTD
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 31 MARCH 2024
- 7 -
7
Creditors: amounts falling due after more than one year
2024
2023
£
£
Bank loans and overdrafts
3,992
7,540
Other creditors
12,563
17,762
16,555
25,302
8
Directors' transactions
2024
Opening balance
Amounts repaid
Closing balance
£
£
£
Mr J Pike -
6,216
(6,216)
-
6,216
(6,216)
-
2023
Opening balance
Amounts advanced
Closing balance
£
£
£
Mr J Pike -
-
6,216
6,216
-
6,216
6,216
2024-03-312023-04-01falsefalsefalse10 February 2025CCH SoftwareCCH Accounts Production 2024.310No description of principal activityMr J PikeMrs D P Pike082609482023-04-012024-03-3108260948bus:Director12023-04-012024-03-3108260948bus:Director22023-04-012024-03-3108260948bus:RegisteredOffice2023-04-012024-03-31082609482024-03-31082609482023-03-3108260948core:PlantMachinery2024-03-3108260948core:MotorVehicles2024-03-3108260948core:PlantMachinery2023-03-3108260948core:MotorVehicles2023-03-3108260948core:CurrentFinancialInstrumentscore:WithinOneYear2024-03-3108260948core:CurrentFinancialInstrumentscore:WithinOneYear2023-03-3108260948core:Non-currentFinancialInstrumentscore:AfterOneYear2024-03-3108260948core:Non-currentFinancialInstrumentscore:AfterOneYear2023-03-3108260948core:CurrentFinancialInstruments2024-03-3108260948core:CurrentFinancialInstruments2023-03-3108260948core:Non-currentFinancialInstruments2024-03-3108260948core:Non-currentFinancialInstruments2023-03-3108260948core:ShareCapital2024-03-3108260948core:ShareCapital2023-03-3108260948core:RetainedEarningsAccumulatedLosses2024-03-3108260948core:RetainedEarningsAccumulatedLosses2023-03-3108260948core:Goodwill2023-04-012024-03-3108260948core:PlantMachinery2023-04-012024-03-3108260948core:MotorVehicles2023-04-012024-03-31082609482022-04-012023-03-3108260948core:NetGoodwill2023-03-3108260948core:NetGoodwill2024-03-3108260948core:NetGoodwill2023-03-3108260948core:PlantMachinery2023-03-3108260948core:MotorVehicles2023-03-31082609482023-03-3108260948core:WithinOneYear2024-03-3108260948core:WithinOneYear2023-03-3108260948bus:PrivateLimitedCompanyLtd2023-04-012024-03-3108260948bus:SmallCompaniesRegimeForAccounts2023-04-012024-03-3108260948bus:FRS1022023-04-012024-03-3108260948bus:AuditExemptWithAccountantsReport2023-04-012024-03-3108260948bus:FullAccounts2023-04-012024-03-31xbrli:purexbrli:sharesiso4217:GBP