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Registered number: 02203979










PESTWEST ELECTRONICS LIMITED










FINANCIAL STATEMENTS

INFORMATION FOR FILING WITH THE REGISTRAR

FOR THE YEAR ENDED 31 DECEMBER 2024

 
PESTWEST ELECTRONICS LIMITED
REGISTERED NUMBER: 02203979

BALANCE SHEET
AS AT 31 DECEMBER 2024

2024
2023
Note
£
£

  

Current assets
  

Stocks
  
2,306,746
2,818,635

Debtors: amounts falling due within one year
 4 
3,480,763
2,604,667

  
5,787,509
5,423,302

Creditors: amounts falling due within one year
 5 
(3,568,614)
(3,291,257)

Net current assets
  
 
 
2,218,895
 
 
2,132,045

Total assets less current liabilities
  
2,218,895
2,132,045

  

Net assets
  
2,218,895
2,132,045


Capital and reserves
  

Called up share capital 
  
500
500

Profit and loss account
  
2,218,395
2,131,545

  
2,218,895
2,132,045


The Company's financial statements have been prepared in accordance with the provisions applicable to companies subject to the small companies regime.

The financial statements have been delivered in accordance with the provisions applicable to companies subject to the small companies regime.

The Company has opted not to file the statement of income and retained earnings in accordance with provisions applicable to companies subject to the small companies' regime.

The financial statements were approved and authorised for issue by the board and were signed on its behalf on 13 June 2025.




Mr R.B. Broome
Director



Registered number: 02203979

The notes on pages 2 to 6 form part of these financial statements.

Page 1

 
PESTWEST ELECTRONICS LIMITED
 

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

1.


General information

The principal activity of the company during the year was the manufacture and distribution of electronic fly killers and related accessories.
The company is a private limited company, which is incorporated and registered in England (company number 02203979).  The address of the registered office is:
Wakefield Road
Ossett
West Yorkshire
WF5 9AJ

2.Accounting policies

 
2.1

Basis of preparation of financial statements

The financial statements have been prepared under the historical cost convention unless otherwise specified within these accounting policies and in accordance with Financial Reporting Standard 102, the Financial Reporting Standard applicable in the UK and the Republic of Ireland and the Companies Act 2006.

The financial statements are prepared in sterling, which is the functional currency of the entty.

The preparation of financial statements in compliance with FRS 102 requires the use of certain critical accounting estimates. It also requires management to exercise judgement in applying the Company's accounting policies.

The following principal accounting policies have been applied:

 
2.2

Going concern

The directors continually monitor the ongoing financial health of the company and have prepared forward-looking projections for the business for at least 12 months from the sign off date.
Having regard to the above, the directors believe it appropriate to adopt the going concern basis of accounting in preparing the financial statements.

  
2.3

Disclosure exemptions

The entity satisfies the criteria of being a qualifying entity as defined in FRS 102. Its financial statements are consolidated into the financial statements of Killgerm Group Limited which can be obtained from the Killgerm Group Limited, Wakefield Road, Ossett, WF5 9AJ. As such, advantage has been taken of the following disclosure exemptions available under paragraph 1.12 of FRS 102:
(a) Disclosures in respect of each class of share capital have not been presented.
(b) No cash flow statement has been presented for the company.
(c) Disclosures in respect of financial instruments have not been presented.
(d) Disclosures in respect of share-based payments have not been presented.
(e) No disclosure has been given for the aggregate remuneration of key management personnel.

Page 2

 
PESTWEST ELECTRONICS LIMITED
 

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

2.Accounting policies (continued)

 
2.4

Foreign currency translation

Functional and presentation currency

The Company's functional and presentational currency is GBP.

Transactions and balances

Foreign currency transactions are translated into the functional currency using the spot exchange rates at the dates of the transactions.

At each period end foreign currency monetary items are translated using the closing rate. Non-monetary items measured at historical cost are translated using the exchange rate at the date of the transaction and non-monetary items measured at fair value are measured using the exchange rate when fair value was determined.

 
2.5

Revenue

Revenue is recognised to the extent that it is probable that the economic benefits will flow to the Company and the revenue can be reliably measured. Revenue is measured as the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes. The following criteria must also be met before revenue is recognised:

Sale of goods

Revenue from the sale of goods is recognised when all of the following conditions are satisfied:
the Company has transferred the significant risks and rewards of ownership to the buyer;
the Company retains neither continuing managerial involvement to the degree usually associated with ownership nor effective control over the goods sold;
the amount of revenue can be measured reliably;
it is probable that the Company will receive the consideration due under the transaction; and
the costs incurred or to be incurred in respect of the transaction can be measured reliably.

 
2.6

Operating leases

Rentals paid under operating leases are charged to profit or loss on a straight-line basis over the lease term.

Benefits received and receivable as an incentive to sign an operating lease are recognised on a straight-line basis over the lease term, unless another systematic basis is representative of the time pattern of the lessee's benefit from the use of the leased asset.

Page 3

 
PESTWEST ELECTRONICS LIMITED
 

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

2.Accounting policies (continued)

  
2.7

Pension costs

The company participates in the Killgerm Group's pension scheme which provides benefits based on final pensionable pay. The assets of the scheme are held separately from those of the holding company. Contributions to the scheme are charged to the profit and loss account so as to spread the cost of pensions over employees' working lives with the company and are determined by a qualified actuary on the basis of triennial valuations using the projected unit method.
Further details can be found in the accounts of Killgerm Group Limited.
The company also contributes to a Money Purchase scheme on behalf of its directors and staff. The charge in the profit and loss account in respect of this scheme is the amount of contributions payable in the accounting period.

 
2.8

Interest income

Interest income is recognised in profit or loss using the effective interest method.

 
2.9

Taxation

Tax is recognised in profit or loss except that a charge attributable to an item of income and expense recognised as other comprehensive income or to an item recognised directly in equity is also recognised in other comprehensive income or directly in equity respectively.

The current income tax charge is calculated on the basis of tax rates and laws that have been enacted or substantively enacted by the balance sheet date in the countries where the Company operates and generates income.


  
2.10

Stocks

Stocks are measured at the lower of cost and net realisable value, after making due allowance for obsolete and slow moving items.

 
2.11

Debtors

Short-term debtors are measured at transaction price, less any impairment. Loans receivable are measured initially at fair value, net of transaction costs, and are measured subsequently at amortised cost using the effective interest method, less any impairment.

 
2.12

Creditors

Short-term creditors are measured at the transaction price. Other financial liabilities, including bank loans, are measured initially at fair value, net of transaction costs, and are measured subsequently at amortised cost using the effective interest method.
 
2.13

Dividends

Equity dividends are recognised when they become legally payable. Interim equity dividends are recognised when paid. Final equity dividends are recognised when approved by the shareholders at an annual general meeting.

Page 4

 
PESTWEST ELECTRONICS LIMITED
 

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

3.


Employees

The average monthly number of employees, including the directors, during the year was as follows:


        2024
        2023
            No.
            No.







Admin & management
7
8



Operations (warehouse)
16
15

23
23


4.


Debtors

2024
2023
£
£


Trade debtors
1,041,678
676,642

Amounts owed by group undertakings
2,153,181
1,660,918

Other debtors
210,935
193,843

Prepayments and accrued income
74,969
73,264

3,480,763
2,604,667



5.


Creditors: Amounts falling due within one year

2024
2023
£
£

Bank overdrafts
1,923,072
2,130,877

Trade creditors
764,636
518,469

Amounts owed to group undertakings
-
23,429

Corporation tax
25,000
-

Other taxation and social security
28,943
31,090

Other creditors
9,165
7,180

Accruals and deferred income
817,798
580,212

3,568,614
3,291,257


HSBC bank borrowings are secured by debentures including a fixed charge over all current and future assets of the company. The bank also has a legal right of set-off incorporated in an unlimited multilateral guarantee with the Holding Company and UK fellow subsidiaries.


6.


Contingencies

The company has entered into an unlimited unilateral guarantee with Killgerm Group Limited and Killgerm Chemicals Limited in respect of the amounts owing to HSBC Bank plc by those companies.

Page 5

 
PESTWEST ELECTRONICS LIMITED
 

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

7.


Related party transactions

Advantage has been taken of the exemption under the FRS102 Section 33 'Related Party Disclosure' not to disclose transactions with entities that are part of the Killgerm group or associates and joint ventures of other Killgerm companies, on the grounds that all the voting rights of the company are controlled by Killgerm Group Limited, who will be preparing consolidated accounts.


8.


Controlling party

The ultimate holding company is Killgerm Group Limited, a company registered in England and Wales.
Killgerm Group Limited is under the control of The Trustees of the Killgerm Employee Benefit Trust.  Copies of the group accounts of Killgerm Group Limited can be obtained from:
Killgerm Group Limited
Wakefield Road
Ossett
West Yorkshire
WF5 9AJ


9.


Auditors' information

The auditors' report on the financial statements for the year ended 31 December 2024 was unqualified.

The audit report was signed on 13 June 2025 by James Hunt BA (Hons) MA FCA CTA (Senior Statutory Auditor) on behalf of AAB Audit & Accountancy Limited.


Page 6