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REGISTERED NUMBER: 10411525 (England and Wales)















Unaudited Financial Statements for the Year Ended 31 December 2024

for

Westwood Energy Limited

Westwood Energy Limited (Registered number: 10411525)






Contents of the Financial Statements
for the Year Ended 31 December 2024




Page

Company information 1

Balance sheet 2

Notes to the financial statements 4


Westwood Energy Limited

Company Information
for the Year Ended 31 December 2024







Directors: Mr J C Bloom
Mr J W Oxtoby
Mr J P I Lee





Registered office: Aura Innovation Centre
Bridgehead Business Park
Hessle
Hull
East Yorkshire
HU13 0GD





Registered number: 10411525 (England and Wales)





Accountants: Ullyott Limited
6 George Street
Driffield
East Yorkshire
YO25 6RA

Westwood Energy Limited (Registered number: 10411525)

Balance Sheet
31 December 2024

2024 2023
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 267,603 89,468
Investments 5 - 300,000
267,603 389,468

CURRENT ASSETS
Stocks 65,460 67,195
Debtors 6 1,066,890 548,530
Cash at bank and in hand 1,306,601 1,267,091
2,438,951 1,882,816
CREDITORS
Amounts falling due within one year 7 1,373,305 895,496
NET CURRENT ASSETS 1,065,646 987,320
TOTAL ASSETS LESS CURRENT
LIABILITIES

1,333,249

1,376,788

PROVISIONS FOR LIABILITIES 8 13,118 16,999
NET ASSETS 1,320,131 1,359,789

CAPITAL AND RESERVES
Called up share capital 202 202
Retained earnings 1,319,929 1,359,587
SHAREHOLDERS' FUNDS 1,320,131 1,359,789

Westwood Energy Limited (Registered number: 10411525)

Balance Sheet - continued
31 December 2024


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

The members have not required the company to obtain an audit of its financial statements for the year ended 31 December 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 March 2025 and were signed on its behalf by:





Mr J W Oxtoby - Director


Westwood Energy Limited (Registered number: 10411525)

Notes to the Financial Statements
for the Year Ended 31 December 2024

1. STATUTORY INFORMATION

Westwood Energy Limited is a private company, limited by shares , registered in England and Wales. The company's registered number and registered office address can be found on the Company Information page.

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
Income 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 - 5% on cost
Motor vehicles - 25% on reducing balance
Computer equipment - 25% on reducing balance

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 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 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.

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.

Westwood Energy Limited (Registered number: 10411525)

Notes to the Financial Statements - continued
for the Year Ended 31 December 2024

2. ACCOUNTING POLICIES - continued

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 - 8 ) .

4. TANGIBLE FIXED ASSETS
Freehold Plant and Motor Computer
property machinery vehicles equipment Totals
£    £    £    £    £   
COST
At 1 January 2024 - 54,050 53,578 7,235 114,863
Additions 198,563 - 2,749 145 201,457
At 31 December 2024 198,563 54,050 56,327 7,380 316,320
DEPRECIATION
At 1 January 2024 - 9,459 14,906 1,030 25,395
Charge for year - 2,703 18,961 1,658 23,322
At 31 December 2024 - 12,162 33,867 2,688 48,717
NET BOOK VALUE
At 31 December 2024 198,563 41,888 22,460 4,692 267,603
At 31 December 2023 - 44,591 38,672 6,205 89,468

5. FIXED ASSET INVESTMENTS

Investments (neither listed nor unlisted) were as follows:
2024 2023
£    £   
Unlisted Investments 300,000 -
Unlisted Investments additions - 300,000
Unlisted Investment disposals (300,000 ) -
- 300,000

Westwood Energy Limited (Registered number: 10411525)

Notes to the Financial Statements - continued
for the Year Ended 31 December 2024

6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Trade debtors 317,330 212,165
Prepayments and accrued income 63,759 29,828
Deferred expenditure 685,801 306,537
1,066,890 548,530

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Trade creditors 138,594 216,230
Corporation tax 9,285 290,713
Social security and other taxes 15,933 16,824
VAT 48,044 17,149
Other creditors 2,789 3,874
Directors' current accounts - 75,428
Deferred income 1,120,787 227,724
Accrued expenses 37,873 47,554
1,373,305 895,496

8. PROVISIONS FOR LIABILITIES
2024 2023
£    £   
Deferred tax
Accelerated capital allowances 13,118 16,999

Deferred
tax
£   
Balance at 1 January 2024 16,999
Provided during year (3,881 )
Balance at 31 December 2024 13,118