REGISTERED NUMBER: 04549276 (England and Wales)

FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 MARCH 2025

FOR

WESTVILLE LIMITED

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

4

DIRECTORS:

J Stevenson

I C Stevenson

S Stevenson

A L Stevenson

SECRETARY:

I C Stevenson

REGISTERED OFFICE:

29 Arboretum Street

Nottingham

Nottinghamshire

NG1 4JA

REGISTERED NUMBER:

04549276 (England and Wales)

ACCOUNTANTS:

Lemans

Chartered Certified Accountants

29 Arboretum Street

Nottingham

Nottinghamshire

NG1 4JA

FIXED ASSETS

Tangible assets

4

99,511

129,651

CURRENT ASSETS

Stocks

5

407,867

473,640

Debtors

6

2,494,119

927,838

Cash at bank and in hand

3,052,101

3,178,591

5,954,087

4,580,069

CREDITORS

Amounts falling due within one year

7

1,464,449

904,573

NET CURRENT ASSETS

4,489,638

3,675,496

TOTAL ASSETS LESS CURRENT LIABILITIES

4,589,149

3,805,147

PROVISIONS FOR LIABILITIES

19,945

26,320

NET ASSETS

4,569,204

3,778,827

CAPITAL AND RESERVES

Called up share capital

9

85

85

Capital redemption reserve

15

15

Retained earnings

4,569,104

3,778,727

SHAREHOLDERS' FUNDS

4,569,204

3,778,827

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 March 2025.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 March 2025 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 Statement of Income and Retained Earnings has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 4 September 2025 and were signed on its behalf by:

S Stevenson - Director

1.	STATUTORY INFORMATION

Westville 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.

The financial statements are presented in sterling which is the functional currency of the company and rounded to the nearest £.

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.

The significant accounting policies applied in the preparation of these financial statements are set out below. These policies have been consistently applied to all years presented unless stated.

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.

Improvements to property

-

Over lease term : straight line basis

Plant and machinery

-

15% on reducing balance

Fixtures and fittings

-

15% on reducing balance

Motor vehicles

-

25% on reducing balance

Computer equipment

-

33% on cost

Stocks

Stocks and work in progress are valued at the lower of cost and estimated selling price less costs to complete and sell.

Cost is calculated using the first-in, first-out method and includes all purchase, transport and handling costs in bringing stocks to their present location and condition.

Taxation

Taxation for the year comprises current and deferred tax. Tax is recognised in the Statement of Income and Retained Earnings, 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.

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.

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 the transaction price.

Leasing

Rentals payable under operating leases are charged to the profit and loss account on a straight line basis over the period of the lease.

3.	EMPLOYEES AND DIRECTORS

The average number of employees during the year was 28 (2024 - 26 ) .

4.	TANGIBLE FIXED ASSETS

Improvements

Fixtures

to

Plant and

and

property

machinery

fittings

£

£

£

COST

At 1 April 2024

and 31 March 2025

115,393

72,765

52,829

DEPRECIATION

At 1 April 2024

88,547

67,026

34,189

Charge for year

5,113

861

2,796

At 31 March 2025

93,660

67,887

36,985

NET BOOK VALUE

At 31 March 2025

21,733

4,878

15,844

At 31 March 2024

26,846

5,739

18,640

Motor

Computer

vehicles

equipment

Totals

£

£

£

COST

At 1 April 2024

and 31 March 2025

104,890

35,000

380,877

DEPRECIATION

At 1 April 2024

36,056

25,408

251,226

Charge for year

17,208

4,162

30,140

At 31 March 2025

53,264

29,570

281,366

NET BOOK VALUE

At 31 March 2025

51,626

5,430

99,511

At 31 March 2024

68,834

9,592

129,651

5.

STOCKS

31.3.25

31.3.24

£

£

Stocks

179,726

211,260

Work-in-progress

228,141

262,380

407,867

473,640

6.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31.3.25

31.3.24

£

£

Trade debtors

2,260,985

754,590

Other debtors

175,394

124,578

Prepayments

57,740

48,670

2,494,119

927,838

7.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31.3.25

31.3.24

£

£

Trade creditors

1,105,340

453,033

Corporation tax

171,189

290,630

Social security and other taxes

131,780

114,878

Other creditors

3,976

4,038

Directors' current accounts

809

204

Accrued expenses

51,355

41,790

1,464,449

904,573

8.	LEASING AGREEMENTS

Minimum lease payments under non-cancellable operating leases fall due as follows:

31.3.25

31.3.24

£

£

Within one year

44,000

44,000

Between one and five years

132,000

176,000

176,000

220,000

9.	CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:

Number:

Class:

Nominal

31.3.25

31.3.24

value:

£

£

287

Ordinary 'A'

10p

29

29

238

Ordinary 'B'

10p

24

24

70

Ordinary 'C'

10p

7

7

255

Ordinary 'D'

10p

25

25

85

85