SC381758false2023-10-012024-09-30http://www.companieshouse.gov.uk/2023-09-30http://www.companieshouse.gov.uk/pt:PlantMachinery2023-09-30http://www.companieshouse.gov.uk/cd:Director12023-10-012024-09-30http://www.companieshouse.gov.uk/pt:PlantMachinery2024-09-30http://www.companieshouse.gov.uk/pt:ShareCapital2024-09-30http://www.companieshouse.gov.uk/cd:Director22023-10-012024-09-30http://www.companieshouse.gov.uk/pt:FurnitureFittings2023-09-30http://www.companieshouse.gov.uk/pt:ToolsEquipment2023-09-30http://www.companieshouse.gov.uk/pt:FurnitureFittings2024-09-30http://www.companieshouse.gov.uk/cd:OrdinaryShareClass12023-10-012024-09-30http://www.companieshouse.gov.uk/pt:MotorCars2023-09-30http://www.companieshouse.gov.uk/pt:ToolsEquipment2024-09-30http://www.companieshouse.gov.uk/cd:RegisteredOffice2023-10-012024-09-30http://www.companieshouse.gov.uk/pt:MotorCars2024-09-30http://www.companieshouse.gov.uk/cd:AuditExemptWithAccountantsReport2023-10-012024-09-30http://www.companieshouse.gov.uk/pt:CurrentFinancialInstruments2024-09-30http://www.companieshouse.gov.uk/2023-10-012024-09-30http://www.companieshouse.gov.uk/cd:FRS1022023-10-012024-09-30http://www.companieshouse.gov.uk/2024-09-30http://www.companieshouse.gov.uk/cd:FullAccounts2023-10-012024-09-30http://www.companieshouse.gov.uk/pt:LandBuildings2023-09-30http://www.companieshouse.gov.uk/cd:PrivateLimitedCompanyLtd2023-10-012024-09-30http://www.companieshouse.gov.uk/pt:LandBuildings2024-09-30iso4217:GBPxbrli:sharesxbrli:pure
Registered number: SC381758

West Siphonics Systems Ltd

ACCOUNTS
FOR THE YEAR ENDED 30/09/2024

Prepared By:
Ian D Staples Associates
7
Westfield Road, Bramley
Rotherham
South Yorkshire
S66 2RX

West Siphonics Systems Ltd

ACCOUNTS
FOR THE YEAR ENDED 30/09/2024
DIRECTORS
RJ Connor
Z McCormick
REGISTERED OFFICE
94 Brown Street
Newmilns
KA16 9BP
COMPANY DETAILS
Private company limited by shares registered in SC - Scotland, registered number SC381758
ACCOUNTANTS
Ian D Staples Associates
7
Westfield Road, Bramley
Rotherham
South Yorkshire
S66 2RX

West Siphonics Systems Ltd

ACCOUNTS
FOR THEYEARENDED30/09/2024
CONTENTS
Page
Directors' Report-
Statement Of Comprehensive Income-
Balance Sheet3
Notes To The Accounts4
The following do not form part of the statutory financial statements:
Trading And Profit And Loss Account-
Profit And Loss Account Summaries-

West Siphonics Systems Ltd

BALANCE SHEET AT 30/09/2024
2024
Notes£
FIXED ASSETS
Tangible assets3220,026
CURRENT ASSETS
Stock150,573
Debtors52,483,659
Cash at bank and in hand910,433
3,544,665
CREDITORS: Amounts falling due within one year61,520,901
NET CURRENT ASSETS2,023,764
TOTAL ASSETS LESS CURRENT LIABILITIES2,243,790
CREDITORS: Amounts falling due after more than one year7109,302
PROVISIONS FOR LIABILITIES AND CHARGES852,150
NET ASSETS2,082,338
CAPITAL AND RESERVES
Called up share capital9100
Profit and loss account2,082,238
SHAREHOLDERS' FUNDS2,082,338
For the year ending 30/09/2024 the company was entitled to exemption under section 477 of the Companies Act 2006 relating to small companies.
The members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.
The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.
These accounts have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime.
The directors have decided not to deliver to the registrar a copy of the company's profit and loss account.
Approved by the board on 27/11/2024 and signed on their behalf by
.............................
RJ Connor
Director

West Siphonics Systems Ltd

NOTES TO THE ACCOUNTS
FOR THE YEAR ENDED 30/09/2024
1. ACCOUNTING POLICIES
1a. Basis Of Accounting FRS 1021 a
The accounts have been prepared under the historical cost convention.
The accounts have been prepared in accordance with FRS102 section 1A 'Small Entities' - The Financial Reporting Standard applicable in the UK and Republic of Ireland and the Companies Act 2006.
1b. Going Concern
The directors consider the current and future level of trading on an ongoing basis to assess the resources required to meet commitments as they fall due. Taking account of these factors and the availability of temporary bank support from time to time to support working capital cycles, the directors are confident that the company has sufficient resources now and going forward to allow the company to continue in operation. On the basis of all these factors, the accounts have been prepared on a going concern basis.
1c. Depreciation
Depreciation has been provided at the following rates in order to write off the assets over their estimated useful lives.
Land And Buildings 15%
Plant and Machinery 25%
Fixtures and Fittings 25%
Equipment 25%
Motor Cars 25%
1d. Stocks
Stocks are stated at the lower of cost and estimated selling price less costs to complete and sell (net realisable value). Costs, which comprise direct production costs, are based on the method most appropriate to the type of inventory class, but usually on a first-in-first-out basis. Overheads are charged to profit or loss as incurred. Net realisable value is based on the estimated selling price less any estimated completion or selling costs.
When stocks are sold, the carrying amount of those stocks is recognised as an expense in the period in which the related revenue is recognised. The amount of any write-down of stocks to net realisable value and all losses of stocks are recognised as an expense in the period in which the write-down or loss occurs. The amount of any reversal of any write-down of stocks is recognised as a reduction in the amount of stocks recognised as an expense in the period in which the reversal occurs.
1e. Pension Costs
The company operates a money purchase pension scheme in the form of employee personal pension plans. The contracts are between the individual and the pension provider and all funds are held externally by a third party pension provider. The pension charge represents the amounts payable by the company to the fund in respect of the year.

West Siphonics Systems Ltd

1f. Leasing Commitments
Assets obtained under hire purchase contracts and finance leases are capitalised as tangible fixed assets. Assets acquired under finance leases are depreciated over the shorter of the lease term and their useful lives. Assets acquired under hire purchase contracts are depreciated over their useful lives. Finance leases are those where substantially all of the benefits and risks of ownership are assumed by the company. Obligations under such agreements are included in creditors net of the finance charge allocated to future periods. The finance element of the rental payment is charged to the profit and loss account so as to produce a constant periodic rate of charge on the net obligation outstanding in each period.
Rentals applicable to operating leases where substantially all of the benefits and risks of ownership remain with the lessor are charged to profit and loss account on a straight line basis.
1g. Leases
Assets held under finance leases and hire purchase contracts are capitalised in the balance sheet at their fair value and depreciated over their expected useful lives. The interest element of leasing payments represents a constant proportion of the capital balance outstanding and is charged to the profit and loss account over the period of the lease. All other leases are regarded as operating leases and the payments made under them are charged to the profit and loss account on a straight line basis over the lease term.
2. EMPLOYEES
2024
No.No.
Average number of employees37
3. TANGIBLE FIXED ASSETS
Land AndPlant andFixtures
BuildingsMachineryand FittingsEquipmentMotor CarsTotal
££££££
Cost
At 01/10/202363,773196,18617,6557,528181,175466,317
Additions-58,236---58,236
Disposals----(7,500)(7,500)
At 30/09/202463,773254,42217,6557,528173,675517,053
Depreciation
At 01/10/202350,331109,20813,2464,83647,857225,478
For the year2,01636,3041,10267331,45471,549
At 30/09/202452,347145,51214,3485,50979,311297,027
Net Book Amounts
At 30/09/202411,426108,9103,3072,01994,364220,026
At 30/09/202313,44286,9784,4092,692133,318240,839

West Siphonics Systems Ltd

4. STOCK 2024
£
Stock comprises:
Stock51,469
Work in progress99,104
150,573
5. DEBTORS 2024
£
Amounts falling due within one year
Trade debtors2,169,253
VAT175,992
Amounts due from group companies64,526
Directors current account73,888
2,483,659
6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024
£
UK corporation tax12,816
PAYE control22,561
Finance leases78,541
Trade creditors1,020,195
Other creditors99,007
Pension schemes6,084
Accruals43,574
1,282,778
7. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR
2024
£
Other creditors > 1yr109,302
109,302

West Siphonics Systems Ltd

8. PROVISIONS FOR LIABILITIES 2024
£
Deferred taxation52,150
52,150
9. SHARE CAPITAL 2024
£
Allotted, issued and fully paid:
100 Ordinary shares of £1 each100
100