Custom Built of Westbury Limited

	Page
Accountants' Report	1
Statement of Financial Position	2—3
Notes to the Financial Statements	4—6

Chartered Accountants' report to the director on the preparation of the unaudited statutory accounts of Custom Built of Westbury Limited for the year ended 30 November 2024

In order to assist you to fulfil your duties under the Companies Act 2006, we have prepared for your approval the accounts of Custom Built of Westbury Limited for the year ended 30 November 2024 which comprise the Income Statement, the Statement of Financial Position and the related notes from the company's accounting records and from information and explanations you have given to us.

As a practising member firm of the Institute of Chartered Accountants in England and Wales (ICAEW), we are subject to its ethical and other professional requirements which are detailed at http://www.icaew.com/en/membership/regulations-standards-and-guidance.

This report is made solely to the director of Custom Built of Westbury Limited , as a body, in accordance with the terms of our engagement letter dated 14 April 2022. Our work has been undertaken solely to prepare for your approval the accounts of Custom Built of Westbury Limited and state those matters that we have agreed to state to the director of Custom Built of Westbury Limited , as a body, in this report in accordance with ICAEW Technical Release 07/16 AAF. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than Custom Built of Westbury Limited and its director, as a body, for our work or for this report.

It is your duty to ensure that Custom Built of Westbury Limited has kept adequate accounting records and to prepare statutory accounts that give a true and fair view of the assets, liabilities, financial position and profit or loss of Custom Built of Westbury Limited . You consider that Custom Built of Westbury Limited is exempt from the statutory audit requirement for the year.

We have not been instructed to carry out an audit of the accounts of Custom Built of Westbury Limited . For this reason, we have not verified the accuracy or completeness of the accounting records or information and explanations you have given to us and we do not, therefore, express any opinion on the financial statements.

29/09/2025

Charlton Baker (Trowbridge)

33 Duke Street

Trowbridge

Wiltshire

BA14 8EA

Page 1

Page 2

Custom Built of Westbury Limited

Statement of Financial Position

As At 30 November 2024

Statement of Financial Position

Registered number: 05284302

		2024		2023
	Notes	£	£	£	£
FIXED ASSETS
Tangible Assets	4		81,861		109,152

			81,861		109,152
CURRENT ASSETS
Stocks	5	1,350,000		1,603,507
Debtors	6	42,996		15,534
Cash at bank and in hand		199,580		-

		1,592,576		1,619,041
Creditors: Amounts Falling Due Within One Year	7	(1,154,810 )		(1,241,425 )

NET CURRENT ASSETS (LIABILITIES)			437,766		377,616

TOTAL ASSETS LESS CURRENT LIABILITIES			519,627		486,768

Creditors: Amounts Falling Due After More Than One Year	8		(30,968 )		(50,723 )

NET ASSETS			488,659		436,045

CAPITAL AND RESERVES
Called up share capital	10		100		100
Income Statement			488,559		435,945

SHAREHOLDERS' FUNDS			488,659		436,045

Page 2

Page 3

Custom Built of Westbury Limited

Statement of Financial Position (continued)

As At 30 November 2024

For the year ending 30 November 2024 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

The member has not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.

The director acknowledges his 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 Income Statement.

On behalf of the board

Mr A Jones

Director

29/09/2025

The notes on pages 4 to 6 form part of these financial statements.

Page 3

Page 4

Custom Built of Westbury Limited

Notes to the Financial Statements

For The Year Ended 30 November 2024

Notes to the Financial Statements

1. General Information

Custom Built of Westbury Limited is a private company, limited by shares, incorporated in England & Wales, registered number 05284302 . The registered office is 3 Lower Marsh Road, Warminster, Wiltshire, BA12 9PB.

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 measured at the fair value of the consideration received or receivable, net of discounts and value added taxes. Turnover includes revenue earned from the sale of goods and from the rendering of services. Turnover is reduced for estimated customer returns, rebates and other similar allowances.

Sale of goods

Turnover from the sale of goods is recognised when the significant risks and rewards of ownership of the goods has transferred to the buyer. This is usually at the point that the customer has signed for the delivery of the goods.

Rendering of services

Turnover from the rendering of services is recognised by reference to the stage of completion of the contract. The stage of completion of a contract is measured by comparing the costs incurred for work performed to date to the total estimated contract costs. Turnover is only recognised to the extent of recoverable expenses when the outcome of a contract cannot be estimated reliably.

2.3. Tangible Fixed Assets and Depreciation

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:

Plant & Machinery	25% reducing balance
Fixtures & Fittings	25% reducing balance
Computer Equipment	25% reducing balance

2.4. Leasing and Hire Purchase Contracts

Assets obtained under finance leases are capitalised as tangible fixed assets. Assets acquired under finance leases are depreciated over the shorter of the lease term and their useful lives. Assets acquired under hire purchase contracts are depreciated over their useful lives. Finance leases are those where substantially all of the benefits and risks of ownership are assumed by the company. Obligations under such agreements are included in the creditors net of the finance charge allocated to future periods. The finance element of the rental payment is charged to the income statement so as to produce a constant periodic rate of charge on the net obligation outstanding in each period.

Rentals applicable to operating leases where substantially all of the benefits and risks of ownership remain with the lessor are charged to the income statement as incurred.

2.5. Stocks and Work in Progress

Stocks and work in progress are valued at the lower of cost and net realisable value after making due allowance for obsolete and slow-moving stocks. Cost includes all direct costs and an appropriate proportion of fixed and variable overheads. Work-in-progress is reflected in the accounts on a contract by contract basis by recording turnover and related costs as contract activity progresses.

3. Average Number of Employees

Average number of employees, including directors, during the year was: 2 (2023: 2)

Page 4

Page 5

Custom Built of Westbury Limited

Notes to the Financial Statements (continued)

For The Year Ended 30 November 2024

4. Tangible Assets

	Plant & Machinery	Fixtures & Fittings	Computer Equipment	Total
	£	£	£	£
Cost
As at 1 December 2023	278,863	8,755	5,184	292,802

As at 30 November 2024	278,863	8,755	5,184	292,802

Depreciation
As at 1 December 2023	173,642	7,574	2,434	183,650
Provided during the period	26,307	296	688	27,291

As at 30 November 2024	199,949	7,870	3,122	210,941

Net Book Value
As at 30 November 2024	78,914	885	2,062	81,861

As at 1 December 2023	105,221	1,181	2,750	109,152

5. Stocks

	2024	2023
	£	£
Work in progress	1,350,000	1,603,507

6. Debtors

	2024	2023
	£	£
Due within one year
Trade debtors	2,250	2,250
Other debtors	40,746	13,284

	42,996	15,534

7. Creditors: Amounts Falling Due Within One Year

	2024	2023
	£	£
Net obligations under finance lease and hire purchase contracts	9,380	14,953
Trade creditors	124,288	163,306
Bank loans and overdrafts	10,375	46,023
Other loans	834,116	834,116
Other creditors	160,654	167,030
Taxation and social security	15,997	15,997

	1,154,810	1,241,425

8. Creditors: Amounts Falling Due After More Than One Year

	2024	2023
	£	£
Net obligations under finance lease and hire purchase contracts	25,682	35,062
Bounce Back Loan (due >1 year)	5,286	15,661

	30,968	50,723

Page 5

Page 6

Custom Built of Westbury Limited

Notes to the Financial Statements (continued)

For The Year Ended 30 November 2024

9. Obligations Under Finance Leases and Hire Purchase

	2024	2023
	£	£
The future minimum finance lease payments are as follows:
Not later than one year	9,380	14,953
Later than one year and not later than five years	25,682	35,062

	35,062	50,015

	35,062	50,015

10. Share Capital

	2024	2023
	£	£
Allotted, Called up and fully paid	100	100

Page 6