| Registered number: SC381758 | ||||||||
| 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 | ||||||||
| REGISTERED OFFICE | ||||||||
| 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 Sheet | 3 | |||||||
| Notes To The Accounts | 4 | |||||||
| 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 | ||||||||||
| 2024 | ||||||||||
| Notes | £ | |||||||||
| FIXED ASSETS | ||||||||||
| Tangible assets | 3 | |||||||||
| CURRENT ASSETS | ||||||||||
| Stock | ||||||||||
| Debtors | 5 | |||||||||
| Cash at bank and in hand | ||||||||||
| 3,544,665 | ||||||||||
| CREDITORS: Amounts falling due within one year | 6 | |||||||||
| NET CURRENT ASSETS | ||||||||||
| TOTAL ASSETS LESS CURRENT LIABILITIES | ||||||||||
| CREDITORS: Amounts falling due after more than one year | 7 | 109,302 | ||||||||
| PROVISIONS FOR LIABILITIES AND CHARGES | 8 | |||||||||
| NET ASSETS | ||||||||||
| CAPITAL AND RESERVES | ||||||||||
| Called up share capital | 9 | |||||||||
| Profit and loss account | 2,082,238 | |||||||||
| SHAREHOLDERS' FUNDS | ||||||||||
| Approved by the board on | ||||||||||
| ............................. | ||||||||||
| 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 | ||||||||
| 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 | ||||||||
| 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 employees | ||||||
| 3. TANGIBLE FIXED ASSETS | ||||||||||||
| Land And | Plant and | Fixtures | ||||||||||
| Buildings | Machinery | and Fittings | Equipment | Motor Cars | Total | |||||||
| £ | £ | £ | £ | £ | £ | |||||||
| Cost | ||||||||||||
| At 01/10/2023 | 63,773 | 196,186 | 17,655 | 7,528 | 181,175 | 466,317 | ||||||
| Additions | - | 58,236 | - | - | - | 58,236 | ||||||
| Disposals | - | - | - | - | (7,500) | (7,500) | ||||||
| At 30/09/2024 | 63,773 | 254,422 | 17,655 | 7,528 | 173,675 | 517,053 | ||||||
| Depreciation | ||||||||||||
| At 01/10/2023 | 50,331 | 109,208 | 13,246 | 4,836 | 47,857 | 225,478 | ||||||
| For the year | 2,016 | 36,304 | 1,102 | 673 | 31,454 | 71,549 | ||||||
| At 30/09/2024 | 52,347 | 145,512 | 14,348 | 5,509 | 79,311 | 297,027 | ||||||
| Net Book Amounts | ||||||||||||
| At 30/09/2024 | 220,026 | |||||||||||
| At 30/09/2023 | 240,839 | |||||||||||
| West Siphonics Systems Ltd | ||||||||
| 4. STOCK | 2024 | |||
| £ | ||||
| Stock comprises: | ||||
| Stock | ||||
| Work in progress | ||||
| 5. DEBTORS | 2024 | |||||||
| £ | ||||||||
| Amounts falling due within one year | ||||||||
| Trade debtors | 2,169,253 | |||||||
| VAT | 175,992 | |||||||
| Amounts due from group companies | 64,526 | |||||||
| Directors current account | 73,888 | |||||||
| 2,483,659 | ||||||||
| 6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR | ||||||||
| 2024 | ||||||||
| £ | ||||||||
| UK corporation tax | 12,816 | |||||||
| PAYE control | 22,561 | |||||||
| Finance leases | 78,541 | |||||||
| Trade creditors | 1,020,195 | |||||||
| Other creditors | 99,007 | |||||||
| Pension schemes | 6,084 | |||||||
| Accruals | 43,574 | |||||||
| 1,282,778 | ||||||||
| 7. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR | ||||||||
| 2024 | ||||||||
| £ | ||||||||
| Other creditors > 1yr | 109,302 | |||||||
| 109,302 | ||||||||
| West Siphonics Systems Ltd | ||||||||
| 8. PROVISIONS FOR LIABILITIES | 2024 | |||||||
| £ | ||||||||
| Deferred taxation | 52,150 | |||||||
| 52,150 | ||||||||
| 9. SHARE CAPITAL | 2024 | |||||||
| £ | ||||||||
| Allotted, issued and fully paid: | ||||||||
| 100 | ||||||||
| 100 | ||||||||