Company No: 03002594 (England and Wales)

Contents

• Balance Sheet
• Notes to the Financial Statements

	Note	2024		2023
		£		£
Fixed assets
Intangible assets	3	18,033		2,333
Tangible assets	4	565,202		578,456
		583,235		580,789
Current assets
Stocks		145,000		115,754
Debtors	5	1,225,379		2,077,134
Cash at bank and in hand		2,345,151		1,745,415
		3,715,530		3,938,303
Creditors: amounts falling due within one year	6	( 1,212,270)		( 1,437,186)
Net current assets		2,503,260		2,501,117
Total assets less current liabilities		3,086,495		3,081,906
Provision for liabilities		( 5,235)		0
Net assets		3,081,260		3,081,906
Capital and reserves
Called-up share capital	7	2		2
Profit and loss account		3,081,258		3,081,904
Total shareholders' funds		3,081,260		3,081,906

For the financial year ending 31 December 2024 the Company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

Directors' responsibilities:

• The members have not required the Company to obtain an audit of its financial statements for the financial year in accordance with section 476;
• 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; and
• These financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime and a copy of the Statement of Income and Retained Earnings has not been delivered.

The financial statements of Western Mechanical Handling UK Limited (registered number: 03002594) were approved and authorised for issue by the Board of Directors on 26 September 2025. They were signed on its behalf by:

J R Tomlinson Director

1. Accounting policies

The principal accounting policies are summarised below. They have all been applied consistently throughout the financial year and to the preceding financial year, unless otherwise stated.

General information and basis of accounting

Western Mechanical Handling UK Limited (the Company) is a private company, limited by shares, incorporated in the United Kingdom under the Companies Act 2006 and is registered in England and Wales. The address of the Company's registered office is Moss Side Industrial Estate, Callington, Cornwall, PL17 7SD, United Kingdom.

The financial statements have been prepared under the historical cost convention, modified to include the revaluation of freehold properties and to include investment properties and certain items at fair value, and in accordance with Section 1A of Financial Reporting Standard 102 (FRS 102) ‘The Financial Reporting Standard applicable in the UK and Republic of Ireland’ issued by the Financial Reporting Council and the requirements of the Companies Act 2006 as applicable to companies subject to the small companies regime.

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

Turnover

Turnover represents the value of work done, net of VAT and trade discounts , in respect of the sale of goods and services to customers.

The value is measured as an appropriate proportion of total contract value based on stage of completion. Stage of completion is measured by reference to costs incurred to date as a percentage of total estimated costs for each contract. Where the contract outcome cannot be measured reliably, revenue is measured only to the extent of the expenses recognised that are recoverable.

Profit is recognised on long-term contracts, if the final outcome can be assessed with reasonable certainty, by including in the profit and loss account turnover and related costs as contract activity progresses. Provision is made for the full amount of foreseeable losses on contracts and is shown in the balance sheet as a creditor. 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.

Employee benefits

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

Taxation

Current tax
Current tax is provided at amounts expected to be paid (or recoverable) using the tax rates and laws that have been enacted or substantively enacted at the Balance Sheet date.

Deferred tax
Deferred tax arises as a result of including items of income and expenditure in taxation computations in periods different from those in which they are included in the Company's financial statements. Deferred tax is provided in full on timing differences which result in an obligation to pay more or less tax at a future date, at the average tax rates that are expected to apply when the timing differences reverse, based on tax rates and laws substantively enacted at the balance sheet date. Deferred tax assets and liabilities are not discounted.

Intangible assets

Intangible assets are stated at cost or valuation, net of amortisation and any provision for impairment. Amortisation is provided on all intangible assets at rates to write off the cost or valuation of each asset over its expected useful life as follows:

Goodwill	10 years straight line
Other intangible assets	4 years straight line

Trademarks, patents and licences

Separately acquired patents and trademarks are included at cost and amortised in equal annual instalments over a period of 4 years which is their estimated useful economic life. Provision is made for any impairment.

Tangible fixed assets

Tangible fixed assets are stated at cost or valuation, net of depreciation and any provision for impairment. Depreciation is provided on all tangible fixed assets, other than investment property and freehold land, at rates calculated to write off the cost or valuation, less estimated residual value, of each asset over its expected useful life, as follows:

Land and buildings	20 years straight line
Plant and machinery	4 years straight line
Vehicles	4 years straight line

Residual value represents the estimated amount which would currently be obtained from disposal of an asset, after deducting estimated costs of disposal, if the asset were already of the age and in the condition expected at the end of its useful life.

Stocks

Stocks are stated at the lower of cost and estimated selling price less costs to sell, which is equivalent to the net realisable value.

Amounts recoverable on long-term contracts, which are included in debtors are stated at the net sales value of the work done less amounts received as progress payments on account. Long-term contract balances represent costs incurred on specific contracts, net of amounts transferred to cost of sales in respect of work recorded as turnover, less foreseeable losses and payments on account not matched with turnover.

Financial instruments

Financial assets and financial liabilities are recognised when the Company becomes a party to the contractual provisions of the instrument.

Financial liabilities and equity instruments are classified according to the substance of the contractual arrangements entered into. An equity instrument is any contract that evidences a residual interest in the assets of the Company after deducting all of its liabilities.

Financial assets and liabilities are only offset in the Balance Sheet when, and only when there exists a legally enforceable right to set off the recognised amounts and the Company intends either to settle on a net basis, or to realise the asset and settle the liability simultaneously.

Basic financial assets
Basic financial assets receivable within one year, such as trade debtors and bank balances, are measured at transaction price less any impairment.

Basic financial assets receivable within more than one year are measured at amortised cost less any impairment.

Financial assets are derecognised when and only when the contractual rights to the cash flows from the financial asset expire or are settled, or the Company transfers to another party substantially all of the risks and rewards of ownership of the financial asset, or the Company, despite having retained some, but not all, significant risks and rewards of ownership, has transferred control of the asset to another party.

Basic financial liabilities
Basic financial liabilities that have no stated interest rate and are payable within one year, such as trade creditors, are measured at transaction price.

Other basic financial liabilities are measured at amortised cost.

Financial liabilities are derecognised when the company’s contractual obligations expire or are discharged or cancelled.

Provisions

Provisions are recognised when the Company has a present obligation (legal or constructive) as a result of a past event, it is probable that the Company will be required to settle that obligation and a reliable estimate can be made of the amount of the obligation.

The amount recognised as a provision is the best estimate of the consideration required to settle the present obligation at the Balance Sheet date, taking into account the risks and uncertainties surrounding the obligation. Where a provision is measured using the cash flows estimated to settle the present obligation, its carrying amount is the present value of those cash flows (when the effect of the time value of money is material).

When some or all of the economic benefits required to settle a provision are expected to be recovered from a third party, a receivable is recognised as an asset if it is virtually certain that reimbursement will be received and the amount of the receivable can be measured reliably.

2. Employees

	2024		2023
	Number		Number
Monthly average number of persons employed by the Company during the year, including directors	42		45

3. Intangible assets

	Goodwill		Other intangible assets		Total
	£		£		£
Cost
At 01 January 2024	8,000		13,760		21,760
Additions	0		21,000		21,000
At 31 December 2024	8,000		34,760		42,760
Accumulated amortisation
At 01 January 2024	5,667		13,760		19,427
Charge for the financial year	800		4,500		5,300
At 31 December 2024	6,467		18,260		24,727
Net book value
At 31 December 2024	1,533		16,500		18,033
At 31 December 2023	2,333		0		2,333

4. Tangible assets

	Land and buildings		Plant and machinery		Vehicles		Total
	£		£		£		£
Cost
At 01 January 2024	637,717		519,353		210,633		1,367,703
Additions	0		6,173		39,390		45,563
Disposals	0		0		( 56,683)		( 56,683)
At 31 December 2024	637,717		525,526		193,340		1,356,583
Accumulated depreciation
At 01 January 2024	129,274		504,264		155,709		789,247
Charge for the financial year	12,476		18,163		28,178		58,817
Disposals	0		0		( 56,683)		( 56,683)
At 31 December 2024	141,750		522,427		127,204		791,381
Net book value
At 31 December 2024	495,967		3,099		66,136		565,202
At 31 December 2023	508,443		15,089		54,924		578,456

5. Debtors

	2024		2023
	£		£
Trade debtors	941,690		1,811,416
Prepayments	31,329		27,106
Deferred tax asset	0		615
Corporation tax	252,360		237,997
	1,225,379		2,077,134

6. Creditors: amounts falling due within one year

	2024		2023
	£		£
Trade creditors	403,773		395,775
Amounts owed to directors	130,676		170,931
Accruals and deferred income	397,538		711,562
Other taxation and social security	267,130		142,709
Other creditors	13,153		16,209
	1,212,270		1,437,186

7. Called-up share capital

	2024		2023
	£		£
Allotted, called-up and fully-paid
2 Ordinary shares of £ 1.00 each	2		2