Acorah Software Products - Accounts Production 16.3.350 false true 31 January 2024 1 February 2023 false 1 February 2024 31 January 2025 31 January 2025 SC554395 Mr J Buckland Mrs L Buckland Jonathan Buckland and Lisa Buckland true iso4217:GBP iso4217:EUR iso4217:USD xbrli:shares xbrli:pure xbrli:pure SC554395 2024-01-31 SC554395 2025-01-31 SC554395 2024-02-01 2025-01-31 SC554395 frs-core:CurrentFinancialInstruments 2025-01-31 SC554395 frs-core:ComputerEquipment 2025-01-31 SC554395 frs-core:ComputerEquipment 2024-02-01 2025-01-31 SC554395 frs-core:ComputerEquipment 2024-01-31 SC554395 frs-core:FurnitureFittings 2025-01-31 SC554395 frs-core:FurnitureFittings 2024-02-01 2025-01-31 SC554395 frs-core:FurnitureFittings 2024-01-31 SC554395 frs-core:ShareCapital 2025-01-31 SC554395 frs-core:RetainedEarningsAccumulatedLosses 2025-01-31 SC554395 frs-bus:PrivateLimitedCompanyLtd 2024-02-01 2025-01-31 SC554395 frs-bus:FilletedAccounts 2024-02-01 2025-01-31 SC554395 frs-bus:SmallEntities 2024-02-01 2025-01-31 SC554395 frs-bus:AuditExempt-NoAccountantsReport 2024-02-01 2025-01-31 SC554395 frs-bus:SmallCompaniesRegimeForAccounts 2024-02-01 2025-01-31 SC554395 1 2024-02-01 2025-01-31 SC554395 frs-bus:Director1 2024-02-01 2025-01-31 SC554395 frs-bus:Director1 2024-01-31 SC554395 frs-bus:Director1 2025-01-31 SC554395 frs-bus:Director2 2024-02-01 2025-01-31 SC554395 frs-bus:Director2 2024-01-31 SC554395 frs-bus:Director2 2025-01-31 SC554395 frs-countries:Scotland 2024-02-01 2025-01-31 SC554395 2023-01-31 SC554395 2024-01-31 SC554395 2023-02-01 2024-01-31 SC554395 frs-core:CurrentFinancialInstruments 2024-01-31 SC554395 frs-core:ShareCapital 2024-01-31 SC554395 frs-core:RetainedEarningsAccumulatedLosses 2024-01-31
Registered number: SC554395
Westfield Engineering & Technology Ltd
Unaudited Financial Statements
For The Year Ended 31 January 2025
Nuvo Scotland Limited
Contents
Page
Balance Sheet 1
Notes to the Financial Statements 2—4
Page 1
Balance Sheet
Registered number: SC554395
2025 2024
Notes £ £ £ £
FIXED ASSETS
Tangible Assets 4 722 1,486
722 1,486
CURRENT ASSETS
Debtors 5 743 1,830
Cash at bank and in hand 27,517 11,724
28,260 13,554
Creditors: Amounts Falling Due Within One Year 6 (23,103 ) (3,922 )
NET CURRENT ASSETS (LIABILITIES) 5,157 9,632
TOTAL ASSETS LESS CURRENT LIABILITIES 5,879 11,118
NET ASSETS 5,879 11,118
CAPITAL AND RESERVES
Called up share capital 100 100
Profit and Loss Account 5,779 11,018
SHAREHOLDERS' FUNDS 5,879 11,118
For the year ending 31 January 2025 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.
The members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.
The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.
These accounts have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime.
The company has taken advantage of section 444(1) of the Companies Act 2006 and opted not to deliver to the registrar a copy of the company's Profit and Loss Account.
On behalf of the board
Mr J Buckland
Director
15 September 2025
The notes on pages 2 to 4 form part of these financial statements.
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Page 2
Notes to the Financial Statements
1. General Information
Westfield Engineering & Technology Ltd is a private company, limited by shares, incorporated in Scotland, registered number SC554395 . The registered office is 15 Strathburn Gardens, Inverurie, AB51 4RY.
The presentation currency of the financial statements is the Pound Sterling (£).
2. Accounting Policies
2.1. Basis of Preparation of Financial Statements
The financial statements have been prepared under the historical cost convention and in accordance with Financial Reporting Standard 102 section 1A Small Entities "The Financial Reporting Standard applicable in the UK and Republic of Ireland" and the Companies Act 2006.
2.2. Turnover
Turnover is stated net of VAT and trade discounts. Turnover from the supply of services represents the value of services provided under contracts to the extent that there is a right to consideration and is recorded at the value of the consideration due. Where the contract has only been partially completed at the balance sheet date turnover represents the value of the service provided to date based on a proportion of the total contract value. Where payments are received from customers in advance of services provided, the amounts are recorded as Deferred Income and included as part of Creditors due within one year.
2.3. Tangible Fixed Assets and Depreciation
At each balance sheet date, the company reviews the carrying amount of its tangible fixed assets to determine whether there is any indication that any items have suffered an impairment loss. If any such indication exists, the recoverable amount of an 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 the asset, the company estimates the recoverable amount of the cash-generating unit to which the asset belongs.
Assets held under finance leases are depreciated in the same way as owned assets.
Tangible fixed assets are measured at cost less accumulated depreciation and any accumulated impairment losses. Depreciation is provided at rates calculated to write off the cost of the fixed assets, less their estimated residual value, over their expected useful lives on the following bases:
Fixtures & Fittings 20% on cost
Computer Equipment 20% on cost
2.4. Financial Instruments
Financial instruments are recognised when the company becomes party to the contractual provisions of the instrument.
Basic financial assets
Basic financial assets, which include trade and other debtors and cash and bank balances are measured at transaction price
including transaction costs.
Financial assets are derecognised when the contractual rights to cash flows from the asset expire or are settled or when the company transfers the risks and rewards of ownership to another entity.
Basic financial liabilities
Basic financial liabilities, which include trade and other creditors and bank loans payable within one year are not amortised and is recognised at transaction price. 
Debt instruments are initially recognised at transaction price plus transaction cost and subsequently carried at amortised cost using the effective interest rate method. 
Financial liabilities are derecognised when the company's contractual obligations are discharged.
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2.5. Taxation
Income tax expense represents the sum of the tax currently payable and deferred tax.
The tax currently payable is based on taxable profit for the year. Taxable profit differs from profit as reported in the statement of comprehensive income because of items of income or expense that are taxable or deductible in other years and 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 end of the reporting period.
Deferred tax
Deferred tax is recognised on timing differences between the carrying amounts of assets and liabilities in the financial statements and the corresponding tax bases used in the computation of taxable profit. Deferred tax liabilities are generally recognised for all taxable timing differences. Deferred tax assets are generally recognised for all deductible temporary differences to the extent that it is probable that taxable profits will be available against which those deductible timing differences can be utilised. The carrying amount of deferred tax assets is reviewed at the end of each reporting period 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 assets and liabilities are measured at the tax rates that are expected to apply in the period in which the liability is settled or the asset realised, based on tax rates (and tax laws) that have been enacted or substantively enacted by the end of the reporting period. Deferred tax liabilities are presented within provisions for liabilities and deferred tax assets within debtors. The measurement of deferred tax liabilities and assets reflect the tax consequences that would follow from the manner in which the Company expects, at the end of the reporting period, to recover or settle the carrying amount of its assets and liabilities.
Current and deferred tax are recognised in profit or loss for the year, except when they relate to items that are recognised in other comprehensive income or directly in equity, in which case current and deferred tax are recognised in other comprehensive income or directly in equity respectively.
3. Average Number of Employees
Average number of employees, including directors, during the year was: 2 (2024: 1)
2 1
4. Tangible Assets
Fixtures & Fittings Computer Equipment Total
£ £ £
Cost
As at 1 February 2024 1,138 3,379 4,517
As at 31 January 2025 1,138 3,379 4,517
Depreciation
As at 1 February 2024 455 2,576 3,031
Provided during the period 228 536 764
As at 31 January 2025 683 3,112 3,795
Net Book Value
As at 31 January 2025 455 267 722
As at 1 February 2024 683 803 1,486
5. Debtors
2025 2024
£ £
Due within one year
Trade debtors - 1,830
Prepayments and accrued income 743 -
743 1,830
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6. Creditors: Amounts Falling Due Within One Year
2025 2024
£ £
Corporation tax 18,053 1,801
Other taxes and social security - 278
VAT 5,050 1,755
Directors' loan accounts - 88
23,103 3,922
7. Directors Advances, Credits and Guarantees
Included within creditors are the following loans to directors:
As at 1 February 2024 Amounts advanced Amounts repaid Amounts written off As at 31 January 2025
£ £ £ £ £
Mr Jonathan Buckland (13 ) 7,382 (7,057 ) - -
Mrs Lisa Buckland (74 ) 386 (312 ) - -
The above loan is interest free and has no fixed repayment terms.
8. Ultimate Controlling Party
The company's ultimate controlling party is Jonathan Buckland and Lisa Buckland by virtue of their ownership of 100% of the issued share capital in the company.
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