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REGISTERED NUMBER: 02866778 (England and Wales)















Unaudited Financial Statements for the Year Ended 31 October 2024

for

Westbay Distribution Limited

Westbay Distribution Limited (Registered number: 02866778)






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




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 3


Westbay Distribution Limited

Company Information
for the Year Ended 31 October 2024







DIRECTORS: V Maharaj
R Bodasing
P Heer





SECRETARY: R Bodasing





REGISTERED OFFICE: Westbay House
Blackthorne Road
Conbrook
Berks.
SL3 0AP





REGISTERED NUMBER: 02866778 (England and Wales)





ACCOUNTANTS: Lawson & Co.
18, The Lagger
Chalfont St. Giles
Bucks.
HP8 4DG

Westbay Distribution Limited (Registered number: 02866778)

Balance Sheet
31 October 2024

31.10.24 31.10.23
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 6,695 6,152

CURRENT ASSETS
Debtors 5 636,204 626,384
Cash at bank 846,331 960,404
1,482,535 1,586,788
CREDITORS
Amounts falling due within one year 6 422,015 473,449
NET CURRENT ASSETS 1,060,520 1,113,339
TOTAL ASSETS LESS CURRENT
LIABILITIES

1,067,215

1,119,491

PROVISIONS FOR LIABILITIES 7 1,673 1,538
NET ASSETS 1,065,542 1,117,953

CAPITAL AND RESERVES
Called up share capital 8 1,000 1,000
Retained earnings 9 1,064,542 1,116,953
SHAREHOLDERS' FUNDS 1,065,542 1,117,953

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

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

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 July 2025 and were signed on its behalf by:



V Maharaj - Director


Westbay Distribution Limited (Registered number: 02866778)

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

1. STATUTORY INFORMATION

Westbay Distribution 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 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.
Plant and machinery etc - 25% on reducing balance

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.

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.

Hire purchase and leasing commitments
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 10 (2023 - 10 ) .

Westbay Distribution Limited (Registered number: 02866778)

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

4. TANGIBLE FIXED ASSETS
Plant and
machinery
etc
£   
COST
At 1 November 2023 66,393
Additions 2,612
At 31 October 2024 69,005
DEPRECIATION
At 1 November 2023 60,241
Charge for year 2,069
At 31 October 2024 62,310
NET BOOK VALUE
At 31 October 2024 6,695
At 31 October 2023 6,152

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.10.24 31.10.23
£    £   
Trade debtors 527,353 581,795
Amounts owed by group undertakings 64,099 -
Other debtors 44,752 44,589
636,204 626,384

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.10.24 31.10.23
£    £   
Trade creditors 74,459 84,364
Amounts owed to group undertakings 146,869 142,643
Taxation and social security 190,638 232,829
Other creditors 10,049 13,613
422,015 473,449

7. PROVISIONS FOR LIABILITIES
31.10.24 31.10.23
£    £   
Deferred tax 1,673 1,538

Deferred
tax
£   
Balance at 1 November 2023 1,538
Accelerated capital allowances 135
Balance at 31 October 2024 1,673

Westbay Distribution Limited (Registered number: 02866778)

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

8. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 31.10.24 31.10.23
value: £    £   
1,000 Ordinary £1 1,000 1,000

9. RESERVES
Retained
earnings
£   

At 1 November 2023 1,116,953
Profit for the year 182,589
Dividends (235,000 )
At 31 October 2024 1,064,542

10. RELATED PARTY DISCLOSURES

The company is a wholly owned subsidiary of Maharaj Distribution Limited, a company incorporated in England & Wales. The ultimate controlling party is Mr. V. Maharaj.

During the year the company has paid management fees of £16,750 (2023: £15,000) and rent of £75,500 (2023: £69,500) to its parent company, Maharaj Distribution Limited.