IRIS Accounts Production v25.1.0.734 08620392 Board of Directors 1.8.23 31.7.24 31.7.24 false true false false true false iso4217:GBPiso4217:USDiso4217:EURxbrli:sharesxbrli:pureutr:tonnesutr:kWh086203922023-07-31086203922024-07-31086203922023-08-012024-07-31086203922022-07-31086203922022-08-012023-07-31086203922023-07-3108620392ns14:PoundSterling2023-08-012024-07-3108620392ns10:Director12023-08-012024-07-3108620392ns10:PrivateLimitedCompanyLtd2023-08-012024-07-3108620392ns10:SmallEntities2023-08-012024-07-3108620392ns10:AuditExempt-NoAccountantsReport2023-08-012024-07-3108620392ns10:SmallCompaniesRegimeForDirectorsReport2023-08-012024-07-3108620392ns10:SmallCompaniesRegimeForAccounts2023-08-012024-07-3108620392ns10:FullAccounts2023-08-012024-07-3108620392ns10:Director22023-08-012024-07-3108620392ns10:RegisteredOffice2023-08-012024-07-3108620392ns5:CurrentFinancialInstruments2024-07-3108620392ns5:CurrentFinancialInstruments2023-07-3108620392ns5:Non-currentFinancialInstruments2024-07-3108620392ns5:Non-currentFinancialInstruments2023-07-3108620392ns5:ShareCapital2024-07-3108620392ns5:ShareCapital2023-07-3108620392ns5:RetainedEarningsAccumulatedLosses2024-07-3108620392ns5:RetainedEarningsAccumulatedLosses2023-07-3108620392ns5:PlantMachinery2023-08-012024-07-3108620392ns5:ComputerEquipment2023-08-012024-07-3108620392ns5:PlantMachinery2023-07-3108620392ns5:ComputerEquipment2023-07-3108620392ns5:PlantMachinery2024-07-3108620392ns5:ComputerEquipment2024-07-3108620392ns5:PlantMachinery2023-07-3108620392ns5:ComputerEquipment2023-07-3108620392ns5:Non-currentFinancialInstrumentsns5:MoreThanFiveYears2024-07-3108620392ns5:Non-currentFinancialInstrumentsns5:MoreThanFiveYears2023-07-31
REGISTERED NUMBER: 08620392















WESTLEYHIRE LIMITED

UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 JULY 2024






WESTLEYHIRE LIMITED (REGISTERED NUMBER: 08620392)






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




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


WESTLEYHIRE LIMITED

COMPANY INFORMATION
FOR THE YEAR ENDED 31 JULY 2024







DIRECTORS: Ms J A Hogbin
Mr S R Westley





REGISTERED OFFICE: Boarded House Farm
Herne Common
Canterbury Road
Herne Bay
Kent
CT6 7LG





REGISTERED NUMBER: 08620392





ACCOUNTANTS: Spurling Cannon
King Arthur's Court
Maidstone Road
Charing
Kent
TN27 0JS

WESTLEYHIRE LIMITED (REGISTERED NUMBER: 08620392)

BALANCE SHEET
31 JULY 2024

2024 2023
Notes £    £   
FIXED ASSETS
Tangible assets 4 43,333 57,778

CURRENT ASSETS
Stocks 66,750 54,750
Debtors 5 27,153 27,484
Cash at bank - 6,664
93,903 88,898
CREDITORS
Amounts falling due within one year 6 (164,426 ) (147,220 )
NET CURRENT LIABILITIES (70,523 ) (58,322 )
TOTAL ASSETS LESS CURRENT
LIABILITIES

(27,190

)

(544

)

CREDITORS
Amounts falling due after more than one year 7 (51,649 ) (70,938 )
NET LIABILITIES (78,839 ) (71,482 )

CAPITAL AND RESERVES
Called up share capital 1 1
Retained earnings (78,840 ) (71,483 )
(78,839 ) (71,482 )

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

The members have not required the company to obtain an audit of its financial statements for the year ended 31 July 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.

WESTLEYHIRE LIMITED (REGISTERED NUMBER: 08620392)

BALANCE SHEET - continued
31 JULY 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 23 April 2025 and were signed on its behalf by:





Mr S R Westley - Director


WESTLEYHIRE LIMITED (REGISTERED NUMBER: 08620392)

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

1. STATUTORY INFORMATION

Westleyhire Limited is a private company, limited by shares , registered in Not specified/Other. 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 - 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 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.

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 5 (2023 - 5 ) .

WESTLEYHIRE LIMITED (REGISTERED NUMBER: 08620392)

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

4. TANGIBLE FIXED ASSETS
Plant and Computer
machinery equipment Totals
£    £    £   
COST
At 1 August 2023
and 31 July 2024 157,763 400 158,163
DEPRECIATION
At 1 August 2023 100,285 100 100,385
Charge for year 14,370 75 14,445
At 31 July 2024 114,655 175 114,830
NET BOOK VALUE
At 31 July 2024 43,108 225 43,333
At 31 July 2023 57,478 300 57,778

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Trade debtors 27,153 27,484

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Bank loans and overdrafts 6,925 -
Loans - less than 1 year 4,709 5,105
Hire purchase contracts 16,176 14,249
Trade creditors 23,526 20,029
Corporation Tax 23 -
Social security and other taxes 882 124
VAT 14,311 11,756
Directors' current accounts 96,224 94,307
Accrued expenses 1,650 1,650
164,426 147,220

7. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
2024 2023
£    £   
Loans - more than 1 year 31,951 36,660
Hire purchase contracts 19,698 34,278
51,649 70,938

WESTLEYHIRE LIMITED (REGISTERED NUMBER: 08620392)

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

8. GOING CONCERN

The company made a loss during the year and at the balance sheet date, it had net liabilities. The
company is reliant on the support by the director, who has lent the company a loan.

On the basis that the director will continue to support the reporting entity for the foreseeable future,
the director considers it appropriate to prepare the financial statements on a going concern basis.