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REGISTERED NUMBER: 05478583 (England and Wales)















Unaudited Financial Statements for the Year Ended 30 September 2024

for

West Park Contracting Limited

West Park Contracting Limited (Registered number: 05478583)






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




Page

Balance Sheet 1

Notes to the Financial Statements 3


West Park Contracting Limited (Registered number: 05478583)

Balance Sheet
30 September 2024

2024 2023
Notes £    £    £   
Fixed assets
Tangible fixed assets 4 175,632 108,929

Current assets
Debtors 5 1,016,758 842,458
Cash at bank 93,227 243,438
1,109,985 1,085,896
Creditors: amounts falling due within
one year

6

791,845

717,117
Net current assets 318,140 368,779
Total assets less current liabilities 493,772 477,708

Creditors: amounts falling due after
more than one year

7

(153,128

)

(114,523

)

Provisions for liabilities (43,908 ) (22,480 )
Net assets 296,736 340,705

Capital and reserves
Called up share capital 8 100,000 100,000
Capital redemption reserve 315 315
Retained earnings 196,421 240,390
Shareholders' funds 296,736 340,705

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

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

West Park Contracting Limited (Registered number: 05478583)

Balance Sheet - continued
30 September 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 Statement of Income and Retained Earnings has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 4 April 2025 and were signed on its behalf by:





M C Hughes - Director


West Park Contracting Limited (Registered number: 05478583)

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

1. Statutory information

West Park Contracting Limited is a private company, limited by shares , registered in England and Wales. The company's registered number and registered office address are as below:

Registered number: 05478583

Registered office: 85 Church Road
Hove
East Sussex
BN3 2BB

The presentation currency of the financial statements is in Pound Sterling (£) and rounding is to the nearest (£).

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.

West Park Contracting Limited (Registered number: 05478583)

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

2. Accounting policies - continued

Turnover
Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes.

Sale of goods
Turnover from the sale of goods is recognised when the significant risks and rewards of ownership of the goods have transferred to the buyer, usually on despatch of the goods, the amount of revenue can be measured reliably, it is probable that the associated economic benefits will flow to the entity, and the costs incurred or to be incurred in respect of the transactions can be measured reliably.

Construction revenue
Where the outcome of construction contracts can be reliably estimated, contract turnover and contract costs are recognised by reference to the stage of completion of the contract activity as at the period end. Where the outcome of construction contracts cannot be estimated reliably, turnover is recognised to the extent of contract costs incurred that it is probable will be recoverable, and contract costs are recognised as an expense in the period in which they are incurred.

When it is probable that total contract costs will exceed total contract turnover, the expected loss is expensed immediately, with a corresponding provision for an onerous contract being recognised.

Where the collectability of an amount already recognised as contract turnover is no longer probable, the uncollectible amount is expensed rather than recognised as an adjustment to the amount of contract turnover.

The entity uses the percentage of completion method to determine the amounts to be recognised in the period. The stage of completion is measured by reference to the contract costs incurred up to the end of the reporting period as a percentage of total estimated costs for each contract. Costs incurred for work performed to date do not include costs relating to future activity, such as for materials or prepayments.

Tangible fixed assets
Tangible fixed assets are stated at cost or valuation less accumulated depreciation and accumulated impairment losses. Cost includes costs directly attributable to making the asset capable of operating as intended.

Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Fixtures and fittings - 25% straight line
Motor vehicles - 25% straight line

Financial instruments
A financial asset or a financial liability is recognised only when the entity becomes a party to the contractual provisions of the instrument. Basic financial instruments are initially recognised at the transaction price, unless the arrangement constitutes a financing transaction, where it is recognised at the present value of the future payments discounted at a market rate of interest for a similar debt instrument.


West Park Contracting Limited (Registered number: 05478583)

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

2. Accounting policies - continued
Taxation
Taxation for the year comprises current and deferred tax. Tax is recognised in the Statement of Income and Retained Earnings, 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 at the reporting date. Unrelieved tax losses and other deferred tax assets are recognised to the extent that it is probable that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits.

Deferred tax is measured using the tax rates and laws that have been enacted or substantively enacted by the reporting date that are expected to apply to the reversal of the timing difference.

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.

Assets held under finance leases and hire purchase contracts are recognised in the statement of financial position as assets and liabilities at the lower of the fair value of the assets and the present value of the minimum lease payments, which is determined at the inception of the lease term. Any initial direct costs of the lease are added to the amount recognised as an asset.

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.

Sales invoice discounting
The company has a recourse sales invoice discounting agreement in place. The discounter has been assigned certain book trade debts, in return for a credit facility to the company. The discounter has the right to require the company to repurchase unpaid debts and therefore the company has retained the significant benefits and risks relating to the debts. The amortised cost of the credit facility is recognised in liabilities. All charges and interest payable are charged to the profit and loss account.

3. Employees and directors

The average number of employees during the year was 18 (2023 - 15 ) .

West Park Contracting Limited (Registered number: 05478583)

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

4. Tangible fixed assets
Fixtures
and Motor
fittings vehicles Totals
£    £    £   
Cost
At 1 October 2023 15,615 157,073 172,688
Additions 670 110,024 110,694
Disposals - (37,233 ) (37,233 )
At 30 September 2024 16,285 229,864 246,149
Depreciation
At 1 October 2023 7,439 56,320 63,759
Charge for year 3,669 40,322 43,991
Eliminated on disposal - (37,233 ) (37,233 )
At 30 September 2024 11,108 59,409 70,517
Net book value
At 30 September 2024 5,177 170,455 175,632
At 30 September 2023 8,176 100,753 108,929

5. Debtors: amounts falling due within one year
2024 2023
£    £   
Trade debtors 756,422 527,369
Amounts owed by group undertakings 78,000 78,000
Amounts recoverable on contracts 75,454 120,204
Other debtors 106,882 116,885
1,016,758 842,458

6. Creditors: amounts falling due within one year
2024 2023
£    £   
Bank loans and overdrafts 105,314 30,000
Hire purchase contracts 14,159 19,200
Trade creditors 463,051 467,908
Taxation and social security 98,331 89,955
Other creditors 110,990 110,054
791,845 717,117

West Park Contracting Limited (Registered number: 05478583)

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

6. Creditors: amounts falling due within one year - continued

The hire purchase and finance lease liabilities are secured on the assets to which they relate. There are bank loans amounting to £30,000 (2023: £30,000) which are secured by fixed and floating charges on the company's assets.

7. Creditors: amounts falling due after more than one year
2024 2023
£    £   
Bank loans 17,500 47,500
Hire purchase contracts 135,628 67,023
153,128 114,523

The hire purchase and finance lease liabilities are secured on the assets to which they relate. There are bank loans amounting to £17,500 (2023: £47,500) which are secured by fixed and floating charges on the company's assets.

8. Called up share capital

Allotted, issued and fully paid:
Number: Class: Nominal 2024 2023
value: £    £   
90,000 Ordinary A £1 90,000 90,000
5,000 Ordinary C £1 5,000 5,000
5,000 Ordinary D £1 5,000 5,000
100,000 100,000

9. Off-balance sheet arrangements

At the period end, the company had operating lease commitments of £53,475 (2023: £84,032).

10. Directors' advances, credits and guarantees

During the year, the company advanced the directors £nil (2023: £33,774) and they repaid £nil (2023: £473,444). At the year end, the directors owed the company £21,044 (2023: £21,044). The advances were interest-free, unsecured and repayable on demand. The directors loan has been fully repaid since the year end.

11. Related party disclosures

During the year, the company made sales of £nil to a director (2023: £540,000). The related balances receivable at the year end were £nil (2023: £nil)

At the year end, the company owed a director £19,075 (2023: £nil).