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REGISTERED NUMBER: 08118598 (England and Wales)















WESTMID LOGISTICS LIMITED

UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 24 DECEMBER 2024






WESTMID LOGISTICS LIMITED (REGISTERED NUMBER: 08118598)

CONTENTS OF THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 24 DECEMBER 2024










Page

Company Information 1

Chartered Accountants' Report 2

Statement of Financial Position 3

Notes to the Financial Statements 5


WESTMID LOGISTICS LIMITED

COMPANY INFORMATION
FOR THE YEAR ENDED 24 DECEMBER 2024







DIRECTORS: Mr. P.J. Clarke
Mr A Clarke





REGISTERED OFFICE: 15-17 Church Street
Stourbridge
West Midlands
DY8 1LU





REGISTERED NUMBER: 08118598 (England and Wales)





ACCOUNTANTS: Folkes Worton LLP
15-17 Church Street
Stourbridge
West Midlands
DY8 1LU

CHARTERED ACCOUNTANTS' REPORT TO THE BOARD OF DIRECTORS
ON THE UNAUDITED FINANCIAL STATEMENTS OF
WESTMID LOGISTICS LIMITED


The following reproduces the text of the report prepared for the directors in respect of the company's annual unaudited financial statements. In accordance with the Companies Act 2006, the company is only required to file a Statement of Financial Position. Readers are cautioned that the Statement of Comprehensive Income and certain other primary statements and the Report of the Directors are not required to be filed with the Registrar of Companies.

In order to assist you to fulfil your duties under the Companies Act 2006, we have prepared for your approval the financial statements of Westmid Logistics Limited for the year ended 24 December 2024 which comprise the Income Statement, Statement of Financial Position, Statement of Changes in Equity and the related notes from the company's accounting records and from information and explanations you have given us.

As a practising member firm of the Institute of Chartered Accountants in England and Wales (ICAEW), we are subject to its ethical and other professional requirements which are detailed within the ICAEW's regulations and guidance at http://www.icaew.com/en/membership/regulations-standards-and-guidance.

This report is made solely to the Board of Directors of Westmid Logistics Limited, as a body, in accordance with our terms of engagement. Our work has been undertaken solely to prepare for your approval the financial statements of Westmid Logistics Limited and state those matters that we have agreed to state to the Board of Directors of Westmid Logistics Limited, as a body, in this report in accordance with ICAEW Technical Release 07/16AAF. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than Westmid Logistics Limited and its Board of Directors, as a body, for our work or for this report.

It is your duty to ensure that Westmid Logistics Limited has kept adequate accounting records and to prepare statutory financial statements that give a true and fair view of the assets, liabilities, financial position and profit of Westmid Logistics Limited. You consider that Westmid Logistics Limited is exempt from the statutory audit requirement for the year.

We have not been instructed to carry out an audit or a review of the financial statements of Westmid Logistics Limited. For this reason, we have not verified the accuracy or completeness of the accounting records or information and explanations you have given to us and we do not, therefore, express any opinion on the statutory financial statements.






Folkes Worton LLP
15-17 Church Street
Stourbridge
West Midlands
DY8 1LU


17 April 2025

WESTMID LOGISTICS LIMITED (REGISTERED NUMBER: 08118598)

STATEMENT OF FINANCIAL POSITION
24 DECEMBER 2024

2024 2023
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 486,522 577,947

CURRENT ASSETS
Stocks 20,000 22,000
Debtors 5 355,718 251,496
Cash at bank 97,515 132,528
473,233 406,024
CREDITORS
Amounts falling due within one year 6 641,671 498,038
NET CURRENT LIABILITIES (168,438 ) (92,014 )
TOTAL ASSETS LESS CURRENT
LIABILITIES

318,084

485,933

CREDITORS
Amounts falling due after more than one year 7 12,443 (298,638 )

PROVISIONS FOR LIABILITIES (58,579 ) (28,865 )
NET ASSETS 271,948 158,430

CAPITAL AND RESERVES
Called up share capital 100 100
Retained earnings 271,848 158,330
SHAREHOLDERS' FUNDS 271,948 158,430

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 24 December 2024.

The members have not required the company to obtain an audit of its financial statements for the year ended 24 December 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.

WESTMID LOGISTICS LIMITED (REGISTERED NUMBER: 08118598)

STATEMENT OF FINANCIAL POSITION - continued
24 DECEMBER 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 17 April 2025 and were signed on its behalf by:





Mr. P.J. Clarke - Director


WESTMID LOGISTICS LIMITED (REGISTERED NUMBER: 08118598)

NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 24 DECEMBER 2024


1. STATUTORY INFORMATION

Westmid Logistics 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 represents net sales of goods/services, excluding value added tax

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life or, if held under a finance lease, over the lease term, whichever is the shorter.
Plant and machinery - 20% on reducing balance
Fixtures and fittings - 15% on reducing balance
Motor vehicles - 20% 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 statement of financial position date.

Deferred tax
Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the statement of financial position 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.

WESTMID LOGISTICS LIMITED (REGISTERED NUMBER: 08118598)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 24 DECEMBER 2024


2. ACCOUNTING POLICIES - continued

Hire purchase and leasing commitments
Assets obtained under hire purchase contracts or finance leases are capitalised in the balance sheet. Those held under hire purchase contracts are depreciated over their estimated useful lives. Those held under finance leases are depreciated over their estimated useful lives or the lease term, whichever is the shorter.

The interest element of these obligations is charged to profit or loss over the relevant period. The capital element of the future payments is treated as a liability.

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 15 (2023 - 16 ) .

4. TANGIBLE FIXED ASSETS
Fixtures
Plant and and Motor
machinery fittings vehicles Totals
£    £    £    £   
COST
At 25 December 2023 20,760 325 915,102 936,187
Additions - - 30,200 30,200
At 24 December 2024 20,760 325 945,302 966,387
DEPRECIATION
At 25 December 2023 16,189 204 341,847 358,240
Charge for year 914 18 120,693 121,625
At 24 December 2024 17,103 222 462,540 479,865
NET BOOK VALUE
At 24 December 2024 3,657 103 482,762 486,522
At 24 December 2023 4,571 121 573,255 577,947

WESTMID LOGISTICS LIMITED (REGISTERED NUMBER: 08118598)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 24 DECEMBER 2024


4. TANGIBLE FIXED ASSETS - continued

Fixed assets, included in the above, which are held under hire purchase contracts are as follows:
Motor
vehicles
£   
COST
At 25 December 2023 738,115
Additions 30,200
Transfer to ownership (51,450 )
At 24 December 2024 716,865
DEPRECIATION
At 25 December 2023 227,434
Charge for year 102,787
Transfer to ownership (24,501 )
At 24 December 2024 305,720
NET BOOK VALUE
At 24 December 2024 411,145
At 24 December 2023 510,681

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Trade debtors 355,718 251,496

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Bank loans and overdrafts 44,969 105,864
Hire purchase contracts 336,979 153,637
Trade creditors 112,297 128,110
Taxation and social security 73,285 101,782
Other creditors 74,141 8,645
641,671 498,038

WESTMID LOGISTICS LIMITED (REGISTERED NUMBER: 08118598)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 24 DECEMBER 2024


7. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
2024 2023
£    £   
Bank loans 24,339 25,000
Hire purchase contracts (36,782 ) 273,638
(12,443 ) 298,638

Amounts falling due in more than five years:

Repayable by instalments
Bank loans more 5 yr by instal 2,413 6,868

8. SECURED DEBTS

The following secured debts are included within creditors:

2024 2023
£    £   
Hire purchase contracts 300,197 427,275

Hire purchase liabilities are secured on the assets acquired thereunder.

9. ULTIMATE CONTROLLING PARTY

The controlling party is Mr. P.J. Clarke.