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REGISTERED NUMBER: 00490107 (England and Wales)















WESCOL LIMITED

Unaudited Financial Statements for the Year Ended 31 December 2024






WESCOL LIMITED (REGISTERED NUMBER: 00490107)

Contents of the Financial Statements
for the Year Ended 31 December 2024










Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4

Chartered Accountants' Report 8

WESCOL LIMITED

Company Information
for the Year Ended 31 December 2024







DIRECTORS: R T P Jervis
S R Jervis
G H Jervis





SECRETARY: S R Jervis





REGISTERED OFFICE: Granville House
2 Tettenhall Road
Wolverhampton
West Midlands
WV1 4SB





REGISTERED NUMBER: 00490107 (England and Wales)





ACCOUNTANTS: Lancaster Haskins Limited
Granville House
2 Tettenhall Road
Wolverhampton
West Midlands
WV1 4SB

WESCOL LIMITED (REGISTERED NUMBER: 00490107)

Balance Sheet
31 December 2024

31.12.24 31.12.23
Notes £    £    £   
FIXED ASSETS
Tangible assets 4 611,174 285,175

CURRENT ASSETS
Stocks 21,181 139,240
Debtors 5 430,587 170,952
Cash at bank and in hand 535,575 987,636
987,343 1,297,828
CREDITORS
Amounts falling due within one year 6 817,080 1,136,692
NET CURRENT ASSETS 170,263 161,136
TOTAL ASSETS LESS CURRENT
LIABILITIES

781,437

446,311

PROVISIONS FOR LIABILITIES 24,597 -
NET ASSETS 756,840 446,311

CAPITAL AND RESERVES
Called up share capital 7 245,003 245,003
Revaluation reserve 8 373,794 103,761
Retained earnings 138,043 97,547
SHAREHOLDERS' FUNDS 756,840 446,311

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 December 2024.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 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.

WESCOL LIMITED (REGISTERED NUMBER: 00490107)

Balance Sheet - continued
31 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 24 June 2025 and were signed on its behalf by:





R T P Jervis - Director


WESCOL LIMITED (REGISTERED NUMBER: 00490107)

Notes to the Financial Statements
for the Year Ended 31 December 2024


1. STATUTORY INFORMATION

Wescol 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 as modified by the revaluation of certain assets.

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

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

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Freehold property - 2% on cost
Plant and machinery - 10% on cost
Fixtures and fittings - 10% on cost
Computer equipment - 10% on cost

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

Financial instruments
A financial asset or a financial liability is recognised only when the company 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 the future payments discounted at a market rate of interest for a similar debt instrument.
Other financial instruments are subsequently measured at fair value, with any changes recognised in profit or loss, with the exception of hedging instruments in a designated hedging relationship.

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 balance sheet date.


WESCOL LIMITED (REGISTERED NUMBER: 00490107)

Notes to the Financial Statements - continued
for the Year Ended 31 December 2024


2. ACCOUNTING POLICIES - continued
Deferred tax
Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the balance sheet 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.

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 4 (2023 - 6 ) .

4. TANGIBLE FIXED ASSETS
Fixtures
Freehold Plant and and Computer
property machinery fittings equipment Totals
£    £    £    £    £   
COST OR VALUATION
At 1 January 2024 325,684 223,933 4,211 38,617 592,445
Additions - - - 499 499
Revaluations 284,316 - - - 284,316
At 31 December 2024 610,000 223,933 4,211 39,116 877,260
DEPRECIATION
At 1 January 2024 45,189 220,268 4,211 37,602 307,270
Charge for year 11,650 3,665 - 340 15,655
Revaluation adjustments (56,839 ) - - - (56,839 )
At 31 December 2024 - 223,933 4,211 37,942 266,086
NET BOOK VALUE
At 31 December 2024 610,000 - - 1,174 611,174
At 31 December 2023 280,495 3,665 - 1,015 285,175

WESCOL LIMITED (REGISTERED NUMBER: 00490107)

Notes to the Financial Statements - continued
for the Year Ended 31 December 2024


4. TANGIBLE FIXED ASSETS - continued

Cost or valuation at 31 December 2024 is represented by:

Fixtures
Freehold Plant and and Computer
property machinery fittings equipment Totals
£    £    £    £    £   
Valuation in 2024 284,316 - - - 284,316
Valuation in 2019 48,075 - - - 48,075
Valuation in 2017 26,500 - - - 26,500
Valuation in 2004 39,500 - - - 39,500
Cost 211,609 223,933 4,211 39,116 478,869
610,000 223,933 4,211 39,116 877,260

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.12.24 31.12.23
£    £   
Trade debtors 414,495 161,903
Other debtors 16,092 9,049
430,587 170,952

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.12.24 31.12.23
£    £   
Trade creditors 672,035 787,632
Taxation and social security 43,338 25,936
Other creditors 101,707 323,124
817,080 1,136,692

7. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 31.12.24 31.12.23
value: £    £   
245,000 Ordinary 1.00 245,003 245,003
300 Variable redeemable 0.01 - -
245,003 245,003

WESCOL LIMITED (REGISTERED NUMBER: 00490107)

Notes to the Financial Statements - continued
for the Year Ended 31 December 2024


8. RESERVES
Revaluation
reserve
£   
At 1 January 2024 103,761
Transfer excess depreciation (5,715 )
Reval Excess Depreciation (8,568 )
Non distributable transfer 284,316

At 31 December 2024 373,794

9. ULTIMATE CONTROLLING PARTY

The ultimate controlling party is R T P Jervis.

Chartered Accountants' Report to the Board of Directors
on the Unaudited Financial Statements of
Wescol 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 Balance Sheet. Readers are cautioned that the Income Statement 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 Wescol Limited for the year ended 31 December 2024 which comprise the Income Statement, Balance Sheet, 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 Wescol 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 Wescol Limited and state those matters that we have agreed to state to the Board of Directors of Wescol 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 Wescol Limited and its Board of Directors, as a body, for our work or for this report.

It is your duty to ensure that Wescol 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 Wescol Limited. You consider that Wescol 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 Wescol 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.






Lancaster Haskins Limited
Granville House
2 Tettenhall Road
Wolverhampton
West Midlands
WV1 4SB


24 June 2025