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REGISTERED NUMBER: SC593592 (Scotland)















Unaudited Financial Statements for the Year Ended 30 June 2024

for

Tradstocks Westwood Ltd

Tradstocks Westwood Ltd (Registered number: SC593592)






Contents of the Financial Statements
for the Year Ended 30 June 2024




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4

Report of the Accountants 7

Tradstocks Westwood Ltd

Company Information
for the Year Ended 30 June 2024







DIRECTORS: Mr Mark Edward Freedman
Mr Peter James Allan Stewart





REGISTERED OFFICE: Five Sisters Business Park
Westwood
West Calder
United Kingdom
EH55 8PN





REGISTERED NUMBER: SC593592 (Scotland)





ACCOUNTANTS: Wallace White Accountants
2nd Floor
22-24 Blythswood Square
Glasgow
G2 4BG

Tradstocks Westwood Ltd (Registered number: SC593592)

Balance Sheet
30 June 2024

30.6.24 30.6.23
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 576,322 423,536

CURRENT ASSETS
Stocks 40,879 105,764
Debtors 5 747,315 535,413
Cash in hand 6 193
788,200 641,370
CREDITORS
Amounts falling due within one year 6 1,124,335 571,767
NET CURRENT (LIABILITIES)/ASSETS (336,135 ) 69,603
TOTAL ASSETS LESS CURRENT
LIABILITIES

240,187

493,139

CREDITORS
Amounts falling due after more than one year 7 (83,765 ) (127,622 )

PROVISIONS FOR LIABILITIES - (73,521 )
NET ASSETS 156,422 291,996

CAPITAL AND RESERVES
Called up share capital 100 100
Retained earnings 156,322 291,896
156,422 291,996

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 30 June 2024.

The members have not required the company to obtain an audit of its financial statements for the year ended 30 June 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.

Tradstocks Westwood Ltd (Registered number: SC593592)

Balance Sheet - continued
30 June 2024


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 Income Statement has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 25 March 2025 and were signed on its behalf by:




Mr Mark Edward Freedman - Director



Mr Peter James Allan Stewart - Director


Tradstocks Westwood Ltd (Registered number: SC593592)

Notes to the Financial Statements
for the Year Ended 30 June 2024

1. STATUTORY INFORMATION

Tradstocks Westwood Ltd is a private company, limited by shares , registered in Scotland. 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
Turnover 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 etc - 25% on cost and Straight line over 8 years

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 Income Statement, 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.

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.

Tradstocks Westwood Ltd (Registered number: SC593592)

Notes to the Financial Statements - continued
for the Year Ended 30 June 2024

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 17 (2023 - 17 ) .

4. TANGIBLE FIXED ASSETS
Plant and
Land and machinery
buildings etc Totals
£    £    £   
COST
At 1 July 2023 37,150 686,961 724,111
Additions - 330,475 330,475
Disposals - (42,000 ) (42,000 )
At 30 June 2024 37,150 975,436 1,012,586
DEPRECIATION
At 1 July 2023 18,405 282,170 300,575
Charge for year 3,714 137,225 140,939
Eliminated on disposal - (5,250 ) (5,250 )
At 30 June 2024 22,119 414,145 436,264
NET BOOK VALUE
At 30 June 2024 15,031 561,291 576,322
At 30 June 2023 18,745 404,791 423,536

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
30.6.24 30.6.23
£    £   
Trade debtors 501,509 500,396
Other debtors 245,806 35,017
747,315 535,413

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
30.6.24 30.6.23
£    £   
Bank loans and overdrafts 98,266 88,281
Hire purchase contracts 80,087 65,039
Trade creditors 325,075 157,008
Taxation and social security 78,363 149,581
Other creditors 542,544 111,858
1,124,335 571,767

Tradstocks Westwood Ltd (Registered number: SC593592)

Notes to the Financial Statements - continued
for the Year Ended 30 June 2024

7. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
30.6.24 30.6.23
£    £   
Bank loans 13,413 24,167
Hire purchase contracts 70,352 103,455
83,765 127,622

Tradstocks Westwood Ltd

Report of the Accountants to the Directors of
Tradstocks Westwood Ltd

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.

As described on the Balance Sheet you are responsible for the preparation of the financial statements for the year ended 30 June 2024 set out on page nil and you consider that the company is exempt from an audit.

In accordance with your instructions, we have compiled these unaudited financial statements in order to assist you to fulfil your statutory responsibilities, from the accounting records and information and explanations supplied to us.






Wallace White Accountants
2nd Floor
22-24 Blythswood Square
Glasgow
G2 4BG


25 March 2025