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REGISTERED NUMBER: 04902033 (England and Wales)















UNAUDITED FINANCIAL STATEMENTS FOR THE YEAR ENDED 30 NOVEMBER 2024

FOR

WESTOAKS BUILDERS LIMITED

WESTOAKS BUILDERS LIMITED (REGISTERED NUMBER: 04902033)






CONTENTS OF THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 NOVEMBER 2024




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


WESTOAKS BUILDERS LIMITED

COMPANY INFORMATION
FOR THE YEAR ENDED 30 NOVEMBER 2024







DIRECTORS: T Noble
D Edgeworth
S Noble





SECRETARY: T Noble





REGISTERED OFFICE: Railview Lofts
19c Commercial Road
Eastbourne
East Sussex
BN21 3XE





REGISTERED NUMBER: 04902033 (England and Wales)





ACCOUNTANTS: LMDB Accountants
Chartered Certified Accountants
Railview Lofts
19c Commercial Road
Eastbourne
East Sussex
BN21 3XE

WESTOAKS BUILDERS LIMITED (REGISTERED NUMBER: 04902033)

BALANCE SHEET
30 NOVEMBER 2024

2024 2023
Notes £    £    £    £   
FIXED ASSETS
Intangible assets 4 - -
Tangible assets 5 31,164 41,551
31,164 41,551

CURRENT ASSETS
Stocks 3,000 3,000
Debtors 6 299,026 479,807
Cash at bank and in hand 86,763 156,735
388,789 639,542
CREDITORS
Amounts falling due within one year 7 402,146 385,660
NET CURRENT (LIABILITIES)/ASSETS (13,357 ) 253,882
TOTAL ASSETS LESS CURRENT LIABILITIES 17,807 295,433

CREDITORS
Amounts falling due after more than one
year

8

(59,943

)

(129,342

)

PROVISIONS FOR LIABILITIES - (10,388 )
NET (LIABILITIES)/ASSETS (42,136 ) 155,703

WESTOAKS BUILDERS LIMITED (REGISTERED NUMBER: 04902033)

BALANCE SHEET - continued
30 NOVEMBER 2024

2024 2023
Notes £    £    £    £   
CAPITAL AND RESERVES
Called up share capital 9 507 507
Retained earnings (42,643 ) 155,196
SHAREHOLDERS' FUNDS (42,136 ) 155,703

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 30 November 2024.

The members have not required the company to obtain an audit of its financial statements for the year ended 30 November 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 13 August 2025 and were signed on its behalf by:





S Noble - Director


WESTOAKS BUILDERS LIMITED (REGISTERED NUMBER: 04902033)

NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 NOVEMBER 2024

1. STATUTORY INFORMATION

Westoaks Builders 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.

Going Concern

Following trading losses in the period on contracts which have now been substantially completed, the company has reported net liabilities as at 30 November 2024. Since this date, the company has secured additional funding from the director and majority shareholder T Noble in the sum of £100,000, with the availability for a further £150,000 if required. .

The directors are of the opinion that this will provide sufficient funding to meet the company's working capital needs whilst it returns to trading profitability and continue as a going concern.

Turnover
Turnover represents net invoiced sales of goods and services, excluding value added tax, except in respect of service contracts where turnover is recognised when the company obtains the right to consideration.

Goodwill
Goodwill has been amortised in accordance with an estimated useful life of 10 years from December 2013 following the adoption of FRS 102.

Intangible assets
Intangible assets are initially measured at cost. After initial recognition, intangible assets are measured at cost less any accumulated amortisation and any accumulated impairment losses.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life or, if held under a finance lease, over the lease term, whichever is the shorter.
Plant and machinery etc - 33% on cost and 25% on reducing balance

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

WESTOAKS BUILDERS LIMITED (REGISTERED NUMBER: 04902033)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 30 NOVEMBER 2024

2. ACCOUNTING POLICIES - continued

Financial instruments
Financial assets and financial liabilities are recognised in the balance sheet when the company becomes a party to the contractual provisions of the instrument.

Trade and other debtors and creditors are classified as basic financial instruments and are initially measured at initial recognition at transaction price. Debtors and creditors are subsequently measured at amortised cost using the effective interest rate method. A provision will be established when there is objective evidence that the company will not be able to collect all amounts due. Cash and cash equivalents are classified as basic financial instruments and comprise cash at bank and short-term bank deposits with an original maturity of three months or less which are an integral part of the company's cash management.

Financial liabilities issued by the company are classified in accordance with the substance of the contractual arrangements entered into and meet the definitions of a financial liability.

Financial assets are de-recognised when:
- the contractual right to the cash flows from the financial asset expire or are settled; or
- the company transfers to another party substantially all of the risks and rewards of ownership of the financial asset; or
- the company, despite having retained some but not all off significant risks and rewards of ownership, has transferred control of the asset to another party.

Financial liabilities are de-recognised only when the obligation specified in the contract is discharged, cancelled or expires.

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.

WESTOAKS BUILDERS LIMITED (REGISTERED NUMBER: 04902033)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 30 NOVEMBER 2024

2. ACCOUNTING POLICIES - continued

Hire purchase and leasing commitments
Assets obtained under hire purchase contracts or finance leases are capitalised in the balance sheet. Those held under hire purchase contracts are depreciated over their estimated useful lives. Those held under finance leases are depreciated over their estimated useful lives or the lease term, whichever is the shorter.

The interest element of these obligations is charged to profit or loss over the relevant period. The capital element of the future payments is treated as a liability.

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 36 (2023 - 36 ) .

4. INTANGIBLE FIXED ASSETS
Goodwill
£   
COST
At 1 December 2023
and 30 November 2024 60,000
AMORTISATION
At 1 December 2023
and 30 November 2024 60,000
NET BOOK VALUE
At 30 November 2024 -
At 30 November 2023 -

WESTOAKS BUILDERS LIMITED (REGISTERED NUMBER: 04902033)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 30 NOVEMBER 2024

5. TANGIBLE FIXED ASSETS
Plant and
machinery
etc
£   
COST
At 1 December 2023
and 30 November 2024 203,210
DEPRECIATION
At 1 December 2023 161,659
Charge for year 10,387
At 30 November 2024 172,046
NET BOOK VALUE
At 30 November 2024 31,164
At 30 November 2023 41,551

Fixed assets, included in the above, which are held under hire purchase contracts are as follows:

Plant and
machinery
etc
£   
COST
At 1 December 2023 112,347
Transfer to ownership (37,193 )
At 30 November 2024 75,154
DEPRECIATION
At 1 December 2023 71,909
Charge for year 7,393
Transfer to ownership (26,331 )
At 30 November 2024 52,971
NET BOOK VALUE
At 30 November 2024 22,183
At 30 November 2023 40,438

WESTOAKS BUILDERS LIMITED (REGISTERED NUMBER: 04902033)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 30 NOVEMBER 2024

6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Trade debtors 88,715 241,163
Amounts recoverable on
contracts 192,966 237,712
Other debtors 17,345 932
299,026 479,807

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Bank loans and overdrafts 50,000 50,000
Hire purchase contracts 8,731 19,350
Trade creditors 243,104 111,594
Taxation and social security 72,256 139,741
Other creditors 28,055 64,975
402,146 385,660

8. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR
2024 2023
£    £   
Bank loans 59,943 120,839
Hire purchase contracts - 8,503
59,943 129,342

WESTOAKS BUILDERS LIMITED (REGISTERED NUMBER: 04902033)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 30 NOVEMBER 2024

9. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 2024 2023
value: £    £   
250 A Ordinary £1 250 250
250 B Ordinary £1 250 250
1 C Ordinary £1 1 1
1 D Ordinary £1 1 1
1 E Ordinary £1 1 1
1 F Ordinary £1 1 1
1 G Ordinary £1 1 1
1 H Ordinary £1 1 1
1 I Ordinary £1 1 1
507 507



The company's ordinary share capital is subdivided into ten classes designated A ordinary to J ordinary, each consisting of 1,000 shares of £1 each. All classes of share ranking in all respects pari passu.

10. ULTIMATE CONTROLLING PARTY

The company is controlled by Mrs T Noble by virtue of her shareholding in the company.