IRIS Accounts Production v24.3.2.46 08636949 director 1.9.23 31.8.24 31.8.24 false true false false true false Ordinary 1.00000 iso4217:GBPiso4217:USDiso4217:EURxbrli:sharesxbrli:pureutr:tonnesutr:kWh086369492023-08-31086369492024-08-31086369492023-09-012024-08-31086369492022-08-31086369492022-09-012023-08-31086369492023-08-3108636949ns15:EnglandWales2023-09-012024-08-3108636949ns14:PoundSterling2023-09-012024-08-3108636949ns10:Director12023-09-012024-08-3108636949ns10:PrivateLimitedCompanyLtd2023-09-012024-08-3108636949ns10:SmallEntities2023-09-012024-08-3108636949ns10:AuditExempt-NoAccountantsReport2023-09-012024-08-3108636949ns10:SmallCompaniesRegimeForDirectorsReport2023-09-012024-08-3108636949ns10:SmallCompaniesRegimeForAccounts2023-09-012024-08-3108636949ns10:FullAccounts2023-09-012024-08-3108636949ns10:OrdinaryShareClass12023-09-012024-08-3108636949ns10:RegisteredOffice2023-09-012024-08-3108636949ns5:CurrentFinancialInstruments2024-08-3108636949ns5:CurrentFinancialInstruments2023-08-3108636949ns5:Non-currentFinancialInstruments2024-08-3108636949ns5:Non-currentFinancialInstruments2023-08-3108636949ns5:ShareCapital2024-08-3108636949ns5:ShareCapital2023-08-3108636949ns5:RetainedEarningsAccumulatedLosses2024-08-3108636949ns5:RetainedEarningsAccumulatedLosses2023-08-3108636949ns5:PlantMachinery2023-09-012024-08-3108636949ns5:MotorVehicles2023-09-012024-08-3108636949ns5:PlantMachinery2023-08-3108636949ns5:MotorVehicles2023-08-3108636949ns5:PlantMachinery2024-08-3108636949ns5:MotorVehicles2024-08-3108636949ns5:PlantMachinery2023-08-3108636949ns5:MotorVehicles2023-08-3108636949ns5:CurrentFinancialInstruments2023-09-012024-08-3108636949ns5:BetweenOneTwoYearsns5:Non-currentFinancialInstruments2024-08-3108636949ns5:BetweenOneTwoYearsns5:Non-currentFinancialInstruments2023-08-3108636949ns5:Non-currentFinancialInstrumentsns5:BetweenTwoFiveYears2024-08-3108636949ns5:Non-currentFinancialInstrumentsns5:BetweenTwoFiveYears2023-08-3108636949ns5:Non-currentFinancialInstruments2023-09-012024-08-3108636949ns10:OrdinaryShareClass12024-08-31
REGISTERED NUMBER: 08636949 (England and Wales)















UNAUDITED FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 AUGUST 2024

FOR

T.M. WEST & SON (CONTRACTS) LIMITED

T.M. WEST & SON (CONTRACTS) LIMITED (REGISTERED NUMBER: 08636949)






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




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 3


T.M. WEST & SON (CONTRACTS) LIMITED

COMPANY INFORMATION
FOR THE YEAR ENDED 31 AUGUST 2024







DIRECTOR: S E West





REGISTERED OFFICE: Room 73
Wrest House
Wrest Park
Silsoe
Bedfordshire
MK45 4HR





REGISTERED NUMBER: 08636949 (England and Wales)





ACCOUNTANTS: MDG Business Associates Limited
Room 73
Wrest House
Wrest Park
Silsoe
Bedfordshire
MK45 4HR

T.M. WEST & SON (CONTRACTS) LIMITED (REGISTERED NUMBER: 08636949)

BALANCE SHEET
31 AUGUST 2024

2024 2023
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 36,199 48,265

CURRENT ASSETS
Stocks 172,105 44,110
Debtors 5 190,764 335,838
Cash at bank 93,585 35,111
456,454 415,059
CREDITORS
Amounts falling due within one year 6 284,330 251,040
NET CURRENT ASSETS 172,124 164,019
TOTAL ASSETS LESS CURRENT LIABILITIES 208,323 212,284

CREDITORS
Amounts falling due after more than one year 7 (7,258 ) (17,250 )

PROVISIONS FOR LIABILITIES (172 ) (172 )
NET ASSETS 200,893 194,862

CAPITAL AND RESERVES
Called up share capital 8 1 1
Retained earnings 200,892 194,861
SHAREHOLDERS' FUNDS 200,893 194,862

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

The members have not required the company to obtain an audit of its financial statements for the year ended 31 August 2024 in accordance with Section 476 of the Companies Act 2006.

The director acknowledges her 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 Income Statement has not been delivered.

The financial statements were approved by the director and authorised for issue on 4 April 2025 and were signed by:





S E West - Director


T.M. WEST & SON (CONTRACTS) LIMITED (REGISTERED NUMBER: 08636949)

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

1. STATUTORY INFORMATION

T.M. West & Son (Contracts) 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.

The presentation currency of the financial statements is the Pound Sterling (£).


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 - 25% on reducing balance
Motor vehicles - 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 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.

Bounce back loan scheme
The Bounce Back Loan Scheme (BBLS) enables smaller businesses to access finance more quickly during the coronavirus outbreak. The scheme helps small and medium-sized businesses to borrow between £2,000 and up to 25% of their turnover. The maximum loan available was £50,000. The government guarantees 100% of the loan and there are no fees or interest to pay for the first 12 months. After 12 months the interest rate will be 2.5% a year.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 2 (2023 - 2 ) .

T.M. WEST & SON (CONTRACTS) LIMITED (REGISTERED NUMBER: 08636949)

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

4. TANGIBLE FIXED ASSETS
Plant and Motor
machinery vehicles Totals
£    £    £   
Cost
At 1 September 2023
and 31 August 2024 27,405 38,085 65,490
Depreciation
At 1 September 2023 12,158 5,067 17,225
Charge for year 3,812 8,254 12,066
At 31 August 2024 15,970 13,321 29,291
Net book value
At 31 August 2024 11,435 24,764 36,199
At 31 August 2023 15,247 33,018 48,265

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Trade debtors 190,764 335,838

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Bank loans and overdrafts 9,000 9,000
Trade creditors 55,500 50,730
Corporation tax 66,791 61,326
Social security and other taxes 13,532 11,821
VAT 128,989 109,142
Other creditors 6,918 5,421
Accrued expenses 3,600 3,600
284,330 251,040

The bank loan is undertaken under the Bounce Back Loan Scheme. The loan is 100% government guaranteed with interest charged at 2.5% per annum from year 2.

7. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR
2024 2023
£    £   
Bank loans - 1-2 years 7,258 9,000
Bank loans - 2-5 years - 8,250
7,258 17,250

The bank loan is undertaken under the Bounce Back Loan Scheme. The loan is 100% government guaranteed with interest charged at 2.5% per annum from year 2.

8. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 2024 2023
value: £    £   
1 Ordinary £1 1 1

T.M. WEST & SON (CONTRACTS) LIMITED (REGISTERED NUMBER: 08636949)

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

9. RELATED PARTY DISCLOSURES

Included within creditors is amount of £4,017 (2023: £5,421) due to S E West, director. No interest has been paid on this amount (2023: £Nil) and there are no set repayment terms.