ACCOUNTS - Final Accounts

Registered number: 07898831

WES INDUSTRIAL GASES LIMITED

UNAUDITED

FINANCIAL STATEMENTS

INFORMATION FOR FILING WITH THE REGISTRAR

FOR THE YEAR ENDED 31 DECEMBER 2024

WES INDUSTRIAL GASES LIMITED

REGISTERED NUMBER: 07898831

BALANCE SHEET

AS AT 31 DECEMBER 2024

		2024		2023
Note		£		£


Current assets
Debtors: amounts falling due within one year	4	10,591		8,212
Cash at bank and in hand	5	60,660		26,279
Creditors: amounts falling due within one year	6	(10,683)		(7,092)
Net current assets			60,568		27,399

Net assets			60,568		27,399

Capital and reserves
Called up share capital	7	5,415	5,415
Profit and loss account	8	55,153	21,984
		60,568	27,399

The director considers that the Company is entitled to exemption from audit under section 477 of the Companies Act 2006 and members have not required the Company to obtain an audit for the year in question in accordance with section 476 of the Companies Act 2006.

The director acknowledges his responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of financial statements.

The financial statements have been prepared in accordance with the provisions applicable to companies subject to the small companies regime and in accordance with the provisions of FRS 102 Section 1A - small entities.

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

The Company has opted not to file the statement of income and retained earnings in accordance with provisions applicable to companies subject to the small companies' regime.

The financial statements were approved and authorised for issue by the board and were signed on its behalf on 16 July 2025.

D P Westhorp

Director

The notes on pages 2 to 5 form part of these financial statements.

Page 1

WES INDUSTRIAL GASES LIMITED

NOTES TO THE FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 DECEMBER 2024

1.	General information

WES Industrial Gases Limited ("the company") is a private company limited by shares, incorporated in England and Wales. Its registered office is Leytonstone House, 3 Hanbury Drive, Leytonstone, London, E11 1GA.

The principal activity is an agent for the supply of industrial gases.

2.Accounting policies

2.1

Basis of preparation of financial statements

The financial statements have been prepared under the historical cost convention unless otherwise specified within these accounting policies and in accordance with FRS 102 'The Financial Reporting Standard applicable in the UK and the Republic of Ireland' and the requirements of the Companies Act 2006. 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 following principal accounting policies have been applied:

2.2

Going concern

These accounts have been prepared on the going concern basis, on the understanding that the directors, shareholders and group companies will continue to financially support the company during future periods.

2.3

Revenue

Revenue is recognised to the extent that it is probable that the economic benefits will flow to the Company and the revenue can be reliably measured. Revenue is measured as the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes. The following criteria must also be met before revenue is recognised:

Rendering of services

Revenue from a contract to provide services is recognised in the period in which the services are provided in accordance with the stage of completion of the contract when all of the following conditions are satisfied:

∙the amount of revenue can be measured reliably;

∙it is probable that the Company will receive the consideration due under the contract;

∙the stage of completion of the contract at the end of the reporting period can be measured reliably; and

∙the costs incurred and the costs to complete the contract can be measured reliably.

Page 2

WES INDUSTRIAL GASES LIMITED

NOTES TO THE FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 DECEMBER 2024

2.Accounting policies (continued)

2.4

Taxation

Tax is recognised in profit or loss except that a charge attributable to an item of income and expense recognised as other comprehensive income or to an item recognised directly in equity is also recognised in other comprehensive income or directly in equity respectively.

The current income tax charge is calculated on the basis of tax rates and laws that have been enacted or substantively enacted by the balance sheet date in the countries where the Company operates and generates income.

2.5

Debtors

Short-term debtors are measured at transaction price, less any impairment. Loans receivable are measured initially at fair value, net of transaction costs, and are measured subsequently at amortised cost using the effective interest method, less any impairment.

2.6

Cash and cash equivalents

Cash is represented by cash in hand and deposits with financial institutions repayable without penalty on notice of not more than 24 hours. Cash equivalents are highly liquid investments that mature in no more than three months from the date of acquisition and that are readily convertible to known amounts of cash with insignificant risk of change in value.

2.7

Creditors

Short-term creditors are measured at the transaction price. Other financial liabilities, including bank loans, are measured initially at fair value, net of transaction costs, and are measured subsequently at amortised cost using the effective interest method.

Employees

The average monthly number of employees, including directors, during the year was 1 (2023 - 1).

Page 3

WES INDUSTRIAL GASES LIMITED

NOTES TO THE FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 DECEMBER 2024

Debtors

					2024	2023
					£	£


Trade debtors	5,073	-
Amounts owed by group undertakings	2,765	2,765
Called up share capital not paid	100	100
Prepayments and accrued income	2,653	5,347
	10,591	8,212

5.	Cash and cash equivalents
		2024	2023
		£	£

	Cash at bank and in hand	60,660	26,279

6.	Creditors: Amounts falling due within one year
		2024	2023
		£	£

	Other creditors	10,683	7,092

7.	Share capital
		2024	2023
		£	£

Allotted, called up and fully paid

2,708 (2023 - 2,708) Ordinary A shares of £1.00 each	2,708	2,708
1,507 (2023 - 1,507) Ordinary B shares of £1.00 each	1,507	1,507
400 (2023 - 400) Ordinary C shares of £1.00 each	400	400
400 (2023 - 400) Ordinary D shares of £1.00 each	400	400
400 (2023 - 400) Ordinary E shares of £1.00 each	400	400

	5,415	5,415

Page 4

WES INDUSTRIAL GASES LIMITED

NOTES TO THE FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 DECEMBER 2024

Reserves

Profit and loss account

The Profit and loss account consists of distributable reserves arising from cumulative historical profits and losses less any distributions made.

9.	Related party transactions
	Included within debtors is an amount of £2,765 (2023 - £2,765) due from a company which is a fellow subsidiary.

10.	Controlling party

The immediate parent company is Westhorp Holdings Limited, whose registered office is Leytonstone House, 3 Hanbury Drive, Leytonstone, London, E11 1GA.

Page 5