IRIS Accounts Production v25.1.0.734 08620523 director 1.8.23 31.7.24 31.7.24 false true false false true false iso4217:GBPiso4217:USDiso4217:EURxbrli:sharesxbrli:pureutr:tonnesutr:kWh086205232023-07-31086205232024-07-31086205232023-08-012024-07-31086205232022-07-31086205232022-08-012023-07-31086205232023-07-3108620523ns15:EnglandWales2023-08-012024-07-3108620523ns14:PoundSterling2023-08-012024-07-3108620523ns10:Director12023-08-012024-07-3108620523ns10:PrivateLimitedCompanyLtd2023-08-012024-07-3108620523ns10:SmallEntities2023-08-012024-07-3108620523ns10:AuditExempt-NoAccountantsReport2023-08-012024-07-3108620523ns10:SmallCompaniesRegimeForDirectorsReport2023-08-012024-07-3108620523ns10:SmallCompaniesRegimeForAccounts2023-08-012024-07-3108620523ns10:FullAccounts2023-08-012024-07-3108620523ns10:RegisteredOffice2023-08-012024-07-3108620523ns5:CurrentFinancialInstruments2024-07-3108620523ns5:CurrentFinancialInstruments2023-07-3108620523ns5:Non-currentFinancialInstruments2024-07-3108620523ns5:Non-currentFinancialInstruments2023-07-3108620523ns5:ShareCapital2024-07-3108620523ns5:ShareCapital2023-07-3108620523ns5:RetainedEarningsAccumulatedLosses2024-07-3108620523ns5:RetainedEarningsAccumulatedLosses2023-07-3108620523ns5:PlantMachinery2023-08-012024-07-3108620523ns5:PlantMachinery2023-07-3108620523ns5:PlantMachinery2024-07-3108620523ns5:PlantMachinery2023-07-3108620523ns5:WithinOneYearns5:CurrentFinancialInstruments2024-07-3108620523ns5:WithinOneYearns5:CurrentFinancialInstruments2023-07-3108620523ns5:Non-currentFinancialInstrumentsns5:MoreThanFiveYears2024-07-3108620523ns5:Non-currentFinancialInstrumentsns5:MoreThanFiveYears2023-07-31
REGISTERED NUMBER: 08620523 (England and Wales)















WESTLEY SE LIMITED

UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 JULY 2024






WESTLEY SE LIMITED (REGISTERED NUMBER: 08620523)






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


WESTLEY SE LIMITED

COMPANY INFORMATION
FOR THE YEAR ENDED 31 JULY 2024







DIRECTOR: Mr S R Westley





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





REGISTERED NUMBER: 08620523 (England and Wales)





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

WESTLEY SE LIMITED (REGISTERED NUMBER: 08620523)

BALANCE SHEET
31 JULY 2024

2024 2023
Notes £    £   
FIXED ASSETS
Tangible assets 4 7,158 9,544

CURRENT ASSETS
Stocks 87,500 89,500
Debtors 5 94,051 85,592
181,551 175,092
CREDITORS
Amounts falling due within one year 6 (211,823 ) (182,960 )
NET CURRENT LIABILITIES (30,272 ) (7,868 )
TOTAL ASSETS LESS CURRENT
LIABILITIES

(23,114

)

1,676

CREDITORS
Amounts falling due after more than one year 7 (30,332 ) (35,467 )
NET LIABILITIES (53,446 ) (33,791 )

CAPITAL AND RESERVES
Called up share capital 1 2
Retained earnings (53,447 ) (33,793 )
(53,446 ) (33,791 )

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 director acknowledges his 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.

WESTLEY SE LIMITED (REGISTERED NUMBER: 08620523)

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 director and authorised for issue on 23 April 2025 and were signed by:





Mr S R Westley - Director


WESTLEY SE LIMITED (REGISTERED NUMBER: 08620523)

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

1. STATUTORY INFORMATION

Westley SE 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
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

Stocks
Work in progress is valued at the lower of cost and net realisable value.

Cost is calculated using the first-in, first-out method and includes all purchase, transport, and handling costs in bringing stocks to their present location and condition.

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.

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 3 (2023 - 3 ) .

WESTLEY SE LIMITED (REGISTERED NUMBER: 08620523)

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

4. TANGIBLE FIXED ASSETS
Plant and
machinery
£   
COST
At 1 August 2023
and 31 July 2024 76,283
DEPRECIATION
At 1 August 2023 66,739
Charge for year 2,386
At 31 July 2024 69,125
NET BOOK VALUE
At 31 July 2024 7,158
At 31 July 2023 9,544

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Trade debtors 86,377 83,503
VAT 7,674 2,089
94,051 85,592

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Bank loans and overdrafts 5,915 3,320
Other loans 5,135 5,135
Trade creditors 104,584 43,103
Social security and other taxes 1,075 -
Directors' current accounts 93,314 129,752
Accrued expenses 1,800 1,650
211,823 182,960

7. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
2024 2023
£    £   
Other loans - 1-2 years 30,332 35,467

WESTLEY SE LIMITED (REGISTERED NUMBER: 08620523)

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

8. GOING CONCERN

The company has 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.