Company registration number 04431056 (England and Wales)
WEST COAST UK LIMITED
UNAUDITED FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2025
PAGES FOR FILING WITH REGISTRAR
WEST COAST UK LIMITED
COMPANY INFORMATION
Directors
Mr G R J Gomm
Mrs S M E Nicholls
Mr S Nicholls
Secretary
Mrs S M E Nicholls
Company number
04431056
WEST COAST UK LIMITED
CONTENTS
Page
Balance sheet
1 - 2
Notes to the financial statements
3 - 7
WEST COAST UK LIMITED
BALANCE SHEET
AS AT
31 MARCH 2025
31 March 2025
- 1 -
2025
2024
Notes
£
£
£
£
Fixed assets
Goodwill
4
-
0
-
0
Tangible assets
5
1,040,268
1,311,237
1,040,268
1,311,237
Current assets
Stocks
37,862
34,272
Debtors
6
4,237
3,007
Cash at bank and in hand
1,320,992
783,164
1,363,091
820,443
Creditors: amounts falling due within one year
7
(157,446)
(108,583)
Net current assets
1,205,645
711,860
Total assets less current liabilities
2,245,913
2,023,097
Creditors: amounts falling due after more than one year
8
(2,500)
(12,500)
Provisions for liabilities
(2,376)
(2,842)
Net assets
2,241,037
2,007,755
Capital and reserves
Called up share capital
9
112
99
Profit and loss reserves
2,240,925
2,007,656
Total equity
2,241,037
2,007,755

The directors of the company have elected not to include a copy of the profit and loss account within the financial statements.true

For the financial year ended 31 March 2025 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

The directors acknowledge their responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of financial statements.

The members have not required the company to obtain an audit of its financial statements for the year in question in accordance with section 476.

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

WEST COAST UK LIMITED
BALANCE SHEET (CONTINUED)
AS AT
31 MARCH 2025
31 March 2025
- 2 -
The financial statements were approved by the board of directors and authorised for issue on 21 August 2025 and are signed on its behalf by:
Mr G R J Gomm
Director
Company Registration No. 04431056
WEST COAST UK LIMITED
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2025
- 3 -
1
Accounting policies
Company information

West Coast UK Limited is a private company limited by shares incorporated in England and Wales. The principal place of business is The Bank, 12 Market Place, Padstow, PL28 8AL.

1.1
Accounting convention

These financial statements have been prepared in accordance with FRS 102 “The Financial Reporting Standard applicable in the UK and Republic of Ireland” (“FRS 102”) and the requirements of the Companies Act 2006 as applicable to companies subject to the small companies regime. The disclosure requirements of section 1A of FRS 102 have been applied other than where additional disclosure is required to show a true and fair view.

The financial statements are prepared in sterling, which is the functional currency of the company. Monetary amounts in these financial statements are rounded to the nearest £.

The financial statements have been prepared under the historical cost convention. The principal accounting policies adopted are set out below.

1.2
Turnover

Turnover is recognised at the fair value of the consideration received or receivable for general retailing, net of VAT and trade discounts.

1.3
Intangible fixed assets - goodwill

Goodwill represents the excess of the cost of acquisition of unincorporated businesses over the fair value of net assets acquired. It is initially recognised as an asset at cost and is subsequently measured at cost less accumulated amortisation and accumulated impairment losses. Goodwill is considered to have a finite useful life and is amortised on a systematic basis over its expected life, which is twenty years.

1.4
Tangible fixed assets

Tangible fixed assets are initially measured at cost and subsequently measured at cost or valuation, net of depreciation and any impairment losses.

Depreciation is recognised so as to write off the cost or valuation of assets less their residual values over their useful lives on the following bases:

Freehold property
2% per annum on the straight line method
Fixtures, fittings & equipment
15% per annum on the reducing balance method
Motor vehicles
25% per annum on the reducing balance method

The gain or loss arising on the disposal of an asset is determined as the difference between the sale proceeds and the carrying value of the asset, and is credited or charged to profit or loss.

1.5
Impairment of fixed assets

At each reporting period end date, the company reviews the carrying amounts of its tangible and intangible assets to determine whether there is any indication that those assets have suffered an impairment loss. If any such indication exists, the recoverable amount of the asset is estimated in order to determine the extent of the impairment loss (if any). Where it is not possible to estimate the recoverable amount of an individual asset, the company estimates the recoverable amount of the cash-generating unit to which the asset belongs.

1.6
Stocks

Stocks are stated at the lower of cost and estimated selling price less costs to complete and sell after making due allowance for obsolete and slow moving stock.

WEST COAST UK LIMITED
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 31 MARCH 2025
1
Accounting policies
(Continued)
- 4 -
1.7
Cash at bank and in hand

Cash at bank and in hand are basic financial assets and include cash in hand and deposits held at call with banks.

1.8
Debtors and creditors receivable/payable within one year

Debtors and creditors with no stated interest rate and receivable or payable within one year are recorded at transaction price. Any losses arising from impairment are recognised in the profit and loss account in other administrative expenses.

1.9
Taxation

The tax expense represents the sum of the tax currently payable and deferred tax.

Current tax

The tax currently payable is based on taxable profit for the year. Taxable profit differs from net profit as reported in the profit and loss account because it excludes items of income or expense that are taxable or deductible in other years and it further excludes items that are never taxable or deductible. The company’s liability for current tax is calculated using tax rates that have been enacted or substantively enacted by the reporting end date.

Deferred tax

Deferred tax liabilities are generally recognised for all timing differences and deferred tax assets are recognised to the extent that it is probable that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits. Such assets and liabilities are not recognised if the timing difference arises from goodwill or from the initial recognition of other assets and liabilities in a transaction that affects neither the tax profit nor the accounting profit.

 

The carrying amount of deferred tax assets is reviewed at each reporting end date and reduced to the extent that it is no longer probable that sufficient taxable profits will be available to allow all or part of the asset to be recovered. Deferred tax is calculated at the tax rates that are expected to apply in the period when the liability is settled or the asset is realised. Deferred tax is charged or credited in the profit and loss account, except when it relates to items charged or credited directly to equity, in which case the deferred tax is also dealt with in equity. Deferred tax assets and liabilities are offset when the company has a legally enforceable right to offset current tax assets and liabilities and the deferred tax assets and liabilities relate to taxes levied by the same tax authority.

1.10
Employee benefits

The cost of any unused holiday entitlement is recognised in the period in which the employee’s services are received.

1.11
Retirement benefits

Payments to defined contribution retirement benefit schemes are charged as an expense as they fall due.

WEST COAST UK LIMITED
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 31 MARCH 2025
1
Accounting policies
(Continued)
- 5 -
1.12
Leases

Rentals payable under operating leases, including any lease incentives received, are charged to profit or loss on a straight line basis over the term of the relevant lease except where another more systematic basis is more representative of the time pattern in which economic benefits from the leases asset are consumed.

2
Employees

The average monthly number of persons (including directors) employed by the company during the year was:

2025
2024
Number
Number
Total
6
7
3
Taxation
2025
2024
£
£
Current tax
UK corporation tax on profits for the current year
89,508
48,425
Deferred tax
Origination and reversal of timing differences
(466)
(564)
Total tax charge
89,042
47,861
4
Intangible fixed assets
Goodwill
£
Cost
At 1 April 2024 and 31 March 2025
110,000
Amortisation and impairment
At 1 April 2024 and 31 March 2025
110,000
Carrying amount
At 31 March 2025
-
0
At 31 March 2024
-
0
WEST COAST UK LIMITED
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 31 MARCH 2025
- 6 -
5
Tangible fixed assets
Freehold property
Fixtures, fittings & equipment
Motor vehicles
Total
£
£
£
£
Cost
At 1 April 2024
1,302,291
58,101
18,022
1,378,414
Additions
7,589
-
0
-
0
7,589
Disposals
(276,447)
-
0
-
0
(276,447)
At 31 March 2025
1,033,433
58,101
18,022
1,109,556
Depreciation
At 1 April 2024
2,423
48,316
16,438
67,177
Depreciation charged in the year
247
1,468
396
2,111
At 31 March 2025
2,670
49,784
16,834
69,288
Carrying amount
At 31 March 2025
1,030,763
8,317
1,188
1,040,268
At 31 March 2024
1,299,868
9,785
1,584
1,311,237
6
Debtors: amounts falling due within one year
2025
2024
£
£
Other debtors
4,237
3,007
7
Creditors: amounts falling due within one year
2025
2024
£
£
Bank loan
10,000
10,000
Trade creditors
39,601
29,790
Corporation tax
89,508
48,362
Other taxation and social security
1,507
5,065
Other creditors
16,830
15,366
157,446
108,583
8
Creditors: amounts falling due after more than one year
2025
2024
£
£
Bank loan
2,500
12,500
WEST COAST UK LIMITED
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 31 MARCH 2025
- 7 -
9
Called up share capital
2025
2024
Ordinary share capital
£
£
Issued and fully paid
'A' Ordinary shares of £1 each
30
30
'B' Ordinary shares of £1 each
82
69
112
99
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