| West Suffolk Tool And Gauge Limited |
| Registered Number:01954304 |
For the year ended 31 December 2024
England and Wales
Unaudited Financial Statements
For the year ended 31 December 2024
West Suffolk Tool And Gauge Limited
Contents Page
1
Statement of Financial Position
2 to 4
Notes to the Financial Statements
West Suffolk Tool And Gauge Limited
Statement of Financial Position
2023
2024
3,500
3,700
2
| Trade and other receivables |
122,830
91,604
3
175,038
| Cash and cash equivalents |
216,637
311,941
301,368
| Trade and other payables: amounts falling due within |
| one year |
(32,478)
(32,135)
4
268,890
279,806
Net current assets
| Total assets less current liabilities |
279,806
268,890
279,806
Net assets
268,890
2
2
279,804
268,888
279,806
268,890
Shareholders' funds
| For the year ended 31 December 2024 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 of its financial statements for the year ended 31 December 2024 in accordance with Section 476 of the Companies Act 2006 |
| The director acknowledges his responsibilities for:a) ensuring that the company keeps proper 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 Section 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. |
| In accordance with Section 444 of the Companies Act 2006, the Income Statement has not been delivered |
| . |
| The financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime. |
| Mr David James King Director |
| These financial statements were approved and authorised for issue by the Board on 24 September 2025 and were signed by: |
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For the year ended 31 December 2024
West Suffolk Tool And Gauge Limited
Statement of Financial Position Continued
| The notes form part of these financial statements |
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For the year ended 31 December 2024
West Suffolk Tool And Gauge Limited
Notes to the Financial Statements
Statutory Information
| West Suffolk Tool And Gauge Limited is a private limited company, limited by shares, domiciled in |
| England and Wales, registration number 01954304. |
63D Gorse Ind Estate
Elveden Road
Barnham
Thetford
IP24 2PH
| The presentation currency is £ sterling. |
Basis of preparing the financial statements
| These financial statements have been prepared in accordance with the provisions of Section 1A of |
| Financial Reporting Standard 102 'The Financial Reporting Standard applicable in the UK and |
| Republic of Ireland' and the Companies Act 2006. The financial statements have been prepared under |
| the historical costs convention as modified by the revaluation of certain assets. |
Revenue recognition
| Turnover comprises the invoiced value of goods and services supplied by the company, net of Value Added Tax and trade discounts. |
Inventories
| Stocks are valued at the lower of cost and net realisable value after making due allowance for obsolete and slow moving items. Cost includes all direct costs and an appropriate proportion of fixed and variable overheads. |
Foreign currencies
| Monetary assets and liabilities denominated in foreign currencies are translated into sterling at the rate of exchange ruling at the balance sheet date. Transactions in foreign currencies are recorded at the rate ruling at the date of the transaction. All foreign exchange differences are included to the profit and loss account. |
Hire purchase and leasing commitments
| Rentals payable under operating leases are charged against income on a straight line basis over the lease term. |
Pension costs and other post-retirement benefits
| The company operates a defined contribution pension scheme for the benefit of its directors/and employees.A seperate National Employee Savings Trust defined contribution stakeholder pension scheme became operational during 2018 to comply with auto-enrolment legislation.Contributions payable are charged to the profit and loss account in the period in which they are payable. |
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For the year ended 31 December 2024
West Suffolk Tool And Gauge Limited
Notes to the Financial Statements Continued
2023
2024
3,700
3,500
| 3. Trade and other receivables |
2023
2024
35,274
44,950
| Amounts owed by group undertakings and participating inte |
| rests |
47,330
67,817
9,000
10,063
122,830
91,604
| 4. Trade and other payables: amounts falling due within one year |
2023
2024
15,975
19,075
| Taxation and social security |
10,670
8,669
5,490
4,734
32,135
32,478
| 5. Related party transactions |
| The company is under the control of D J King who owns 100% of the issued share capital. |
| During the year D J King traded as West Suffolk Tool & Gauge Company, an unincorporated business. |
| During the year the company hired plant and machinery from West Suffolk Tool & Gauge Company at |
| a cost of £66,000 (2023: £66,000) on normal business terms. |
| At 31 December 2024 the net amount owed to the limited company by West Suffolk Tool & Gauge |
| Company was £47.330 (2023: £67,817 ) and this is shown in the trade and other recivables note. |
| 6. Average number of persons employed |
During the year the average number of employees was 7 (2023 : 8)
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