8 false false false false false false false false false false true false false false false false false No description of principal activity 2023-08-01 Sage Accounts Production Advanced 2023 - FRS102_2023 85,433 85,433 359,263 359,263 359,263 xbrli:pure xbrli:shares iso4217:GBP 09111733 2023-08-01 2024-07-31 09111733 2024-07-31 09111733 2023-07-31 09111733 2022-08-01 2023-07-31 09111733 2023-07-31 09111733 2022-07-31 09111733 core:NetGoodwill 2023-08-01 2024-07-31 09111733 core:PlantMachinery 2023-08-01 2024-07-31 09111733 core:FurnitureFittings 2023-08-01 2024-07-31 09111733 core:MotorVehicles 2023-08-01 2024-07-31 09111733 bus:Director6 2023-08-01 2024-07-31 09111733 core:NetGoodwill 2024-07-31 09111733 core:LandBuildings 2023-07-31 09111733 core:FurnitureFittings 2023-07-31 09111733 core:MotorVehicles 2023-07-31 09111733 core:LandBuildings 2024-07-31 09111733 core:FurnitureFittings 2024-07-31 09111733 core:MotorVehicles 2024-07-31 09111733 core:WithinOneYear 2024-07-31 09111733 core:WithinOneYear 2023-07-31 09111733 core:AfterOneYear 2024-07-31 09111733 core:AfterOneYear 2023-07-31 09111733 core:ShareCapital 2024-07-31 09111733 core:ShareCapital 2023-07-31 09111733 core:RetainedEarningsAccumulatedLosses 2024-07-31 09111733 core:RetainedEarningsAccumulatedLosses 2023-07-31 09111733 core:LandBuildings 2023-08-01 2024-07-31 09111733 core:CostValuation core:Non-currentFinancialInstruments 2024-07-31 09111733 core:Non-currentFinancialInstruments 2024-07-31 09111733 core:Non-currentFinancialInstruments 2023-07-31 09111733 core:LandBuildings 2023-07-31 09111733 bus:SmallEntities 2023-08-01 2024-07-31 09111733 bus:AuditExemptWithAccountantsReport 2023-08-01 2024-07-31 09111733 bus:SmallCompaniesRegimeForAccounts 2023-08-01 2024-07-31 09111733 bus:PrivateLimitedCompanyLtd 2023-08-01 2024-07-31 09111733 bus:FullAccounts 2023-08-01 2024-07-31 09111733 core:LandBuildings core:OwnedOrFreeholdAssets 2023-08-01 2024-07-31
COMPANY REGISTRATION NUMBER: 09111733
A W Mays (Westbury) Limited
Filleted Unaudited Financial Statements
31 July 2024
A W Mays (Westbury) Limited
Statement of Financial Position
31 July 2024
2024
2023
Note
£
£
£
£
Fixed assets
Tangible assets
6
21,750
41,500
Investments
7
359,263
359,263
---------
---------
381,013
400,763
Current assets
Stocks
5,942
7,117
Debtors
8
58,918
61,939
Cash at bank and in hand
38,072
62,735
---------
---------
102,932
131,791
Creditors: amounts falling due within one year
9
( 79,123)
( 102,179)
---------
---------
Net current assets
23,809
29,612
---------
---------
Total assets less current liabilities
404,822
430,375
Creditors: amounts falling due after more than one year
10
( 62,103)
( 86,762)
---------
---------
Net assets
342,719
343,613
---------
---------
Capital and reserves
Called up share capital
100
100
Profit and loss account
342,619
343,513
---------
---------
Shareholders funds
342,719
343,613
---------
---------
These financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies' regime and in accordance with Section 1A of FRS 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland'.
In accordance with section 444 of the Companies Act 2006, the statement of income and retained earnings has not been delivered.
For the year ending 31 July 2024 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.
Directors' responsibilities:
- 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 Act with respect to accounting records and the preparation of financial statements .
A W Mays (Westbury) Limited
Statement of Financial Position (continued)
31 July 2024
These financial statements were approved by the board of directors and authorised for issue on 8 April 2025 , and are signed on behalf of the board by:
Mrs A Adams
Director
Company registration number: 09111733
A W Mays (Westbury) Limited
Notes to the Financial Statements
Year ended 31 July 2024
1. General information
The company is a private company limited by shares, registered in England and Wales. The address of the registered office is 6 Gibbs Close, Westbury, Wiltshire, BA13 3DT.
2. Statement of compliance
These financial statements have been prepared in compliance with Section 1A of FRS 102, 'The Financial Reporting Standard applicable in the UK and the Republic of Ireland'.
3. Accounting policies
Basis of preparation
The financial statements have been prepared on the historical cost basis, as modified by the revaluation of certain financial assets and liabilities and investment properties measured at fair value through profit or loss.
The financial statements are prepared in sterling, which is the functional currency of the entity.
Revenue recognition
Turnover is measured at the fair value of the consideration received or receivable and represents amounts receivable for goods supplied and services rendered, stated net of discounts and of Value Added Tax.
Income tax
The taxation expense represents the aggregate amount of current and deferred tax recognised in the reporting period. Tax is recognised in profit or loss, except to the extent that it relates to items recognised in other comprehensive income or directly in equity. In this case, tax is recognised in other comprehensive income or directly in equity, respectively. Current tax is recognised on taxable profit for the current and past periods. Current tax is measured at the amounts of tax expected to pay or recover using the tax rates and laws that have been enacted or substantively enacted at the reporting date. Deferred tax where material is recognised in respect of all timing differences at the reporting date.
Amortisation
Amortisation is calculated so as to write off the cost of an asset, less its estimated residual value, over the useful economic life of that asset as follows:
Goodwill
-
20% straight line
If there is an indication that there has been a significant change in amortisation rate, useful life or residual value of an intangible asset, the amortisation is revised prospectively to reflect the new estimates.
Tangible assets
Tangible assets are initially recorded at cost, and subsequently stated at cost less any accumulated depreciation and impairment losses. Any tangible assets carried at revalued amounts are recorded at the fair value at the date of revaluation less any subsequent accumulated depreciation and subsequent accumulated impairment losses.
Depreciation
Depreciation is calculated so as to write off the cost or valuation of an asset, less its residual value, over the useful economic life of that asset as follows:
Freehold property
-
Not depreciated
Plant and Machinery
-
25% straight line
Fixtures and fittings
-
25% straight line
Motor vehicles
-
25% straight line
Investments
Investment property is initially recorded at cost, which includes purchase price and any directly attributable expenditure. In the opinion of the Directors the market value of the flats is not significantly different from their cost as shown in the accounts.
Stocks
Stocks are measured at the lower of cost and estimated selling price less costs to complete and sell. Cost includes all costs of purchase, costs of conversion and other costs incurred in bringing the stock to its present location and condition.
4. Employee numbers
The average number of persons employed by the company during the year amounted to 8 (2023: 8 ).
5. Intangible assets
Goodwill
£
Cost
At 1 August 2023 and 31 July 2024
85,433
--------
Amortisation
At 1 August 2023 and 31 July 2024
85,433
--------
Carrying amount
At 31 July 2024
--------
At 31 July 2023
--------
6. Tangible assets
Land and buildings
Fixtures and fittings
Motor vehicles
Total
£
£
£
£
Cost
At 1 August 2023 and 31 July 2024
86,000
11,458
10,500
107,958
--------
--------
--------
---------
Depreciation
At 1 August 2023
44,500
11,458
10,500
66,458
Charge for the year
19,750
19,750
--------
--------
--------
---------
At 31 July 2024
64,250
11,458
10,500
86,208
--------
--------
--------
---------
Carrying amount
At 31 July 2024
21,750
21,750
--------
--------
--------
---------
At 31 July 2023
41,500
41,500
--------
--------
--------
---------
7. Investments
Investment property
£
Cost
At 1 August 2023 and 31 July 2024
359,263
---------
Impairment
At 1 August 2023 and 31 July 2024
---------
Carrying amount
At 31 July 2024
359,263
---------
At 31 July 2023
359,263
---------
8. Debtors
2024
2023
£
£
Trade debtors
58,918
61,939
--------
--------
9. Creditors: amounts falling due within one year
2024
2023
£
£
Bank loans and overdrafts
34,388
34,388
Trade creditors
3,128
4,075
Corporation tax
7,160
17,902
Social security and other taxes
1,303
1,534
Other creditors
33,144
44,280
--------
---------
79,123
102,179
--------
---------
10. Creditors: amounts falling due after more than one year
2024
2023
£
£
Bank loans and overdrafts
62,103
86,762
--------
--------