REGISTERED NUMBER: 02823838 (England and Wales)

FINANCIAL STATEMENTS FOR THE PERIOD 1 OCTOBER 2023 TO 31 DECEMBER 2024

FOR

WEST TECHNOLOGY SYSTEMS LIMITED

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

4

DIRECTORS:

I A Harris

C W Wright

R Houghton

D C Richardson

SECRETARY:

I A Harris

REGISTERED OFFICE:

Dalton House

Armstrong Way

Yate

Bristol

BS37 5NG

REGISTERED NUMBER:

02823838 (England and Wales)

SENIOR STATUTORY AUDITOR:

Paul Freeman BA FCA FCCA

AUDITORS:

Lawes & Co UK Limited (Statutory Auditor)

Boyce's Building

Regent Street

Clifton

Bristol

BS8 4HU

FIXED ASSETS

Intangible assets

4

12,747

21,852

Tangible assets

5

140,091

1,902,911

Investments

6

802

802

153,640

1,925,565

CURRENT ASSETS

Stocks

2,291,665

1,291,812

Debtors

7

2,612,369

768,896

Cash at bank and in hand

427,222

600,299

5,331,256

2,661,007

CREDITORS

Amounts falling due within one year

8

886,894

594,916

NET CURRENT ASSETS

4,444,362

2,066,091

TOTAL ASSETS LESS CURRENT LIABILITIES

4,598,002

3,991,656

CREDITORS

Amounts falling due after more than one year

9

-

(540,091

)

PROVISIONS FOR LIABILITIES

(31,224

)

(212,351

)

NET ASSETS

4,566,778

3,239,214

CAPITAL AND RESERVES

Called up share capital

12

2,400

2,400

Share premium

19,976

19,976

Revaluation reserve

13

-

712,657

Capital redemption reserve

1,644

1,644

Retained earnings

4,542,758

2,502,537

SHAREHOLDERS' FUNDS

4,566,778

3,239,214

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

In accordance with Section 444 of the Companies Act 2006, the Income Statement has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 30 September 2025 and were signed on its behalf by:

I A Harris - Director

1.	STATUTORY INFORMATION

West Technology Systems Limited is a private company, limited by shares , registered in England and Wales. The company's registered number and registered office address can be found on the Company Information page.

2.	ACCOUNTING POLICIES

Basis of preparing the financial statements

These financial statements have been prepared in accordance with Financial Reporting Standard 102 "The Financial Reporting Standard applicable in the UK and Republic of Ireland" including the provisions of Section 1A "Small Entities" and the Companies Act 2006. The financial statements have been prepared under the historical cost convention.

Turnover

Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes.

Intangible assets

Intangible assets are initially measured at cost. After initial recognition, intangible assets are measured at cost less any accumulated amortisation and any accumulated impairment losses.

Computer software is being amortised evenly over its estimated useful life of ten years.

Tangible fixed assets

Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.

Improvements to property

-

5% on cost

Plant and machinery

-

25% on reducing balance

Motor vehicles

-

25% on reducing balance

Computer equipment

-

33% on cost

Investments in subsidiaries

Investments in subsidiary undertakings are recognised at cost.

Stocks

Stock is valued at the lower of cost and net realisable value, after making due allowance for obsolete and slow moving items.

Work in progress is valued at the selling price of work completed but not invoiced at the year end.

Taxation

Taxation for the period comprises current and deferred tax. Tax is recognised in the Income Statement, except to the extent that it relates to items recognised in other comprehensive income or directly in equity.

Current or deferred taxation assets and liabilities are not discounted.

Current tax is recognised at the amount of tax payable using the tax rates and laws that have been enacted or substantively enacted by the balance sheet date.

Deferred tax

Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the balance sheet date.

Timing differences arise from the inclusion of income and expenses in tax assessments in periods different from those in which they are recognised in financial statements. Deferred tax is measured using tax rates and laws that have been enacted or substantively enacted by the period end and that are expected to apply to the reversal of the timing difference.

Unrelieved tax losses and other deferred tax assets are recognised only to the extent that it is probable that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits.

Foreign currencies

Assets and liabilities in foreign currencies are translated into sterling at the rates of exchange ruling at the balance sheet date. Transactions in foreign currencies are translated into sterling at the rate of exchange ruling at the date of transaction. Exchange differences are taken into account in arriving at the operating result.

Hire purchase and leasing commitments

Rentals paid under operating leases are charged to profit or loss on a straight line basis over the period of the lease.

Pension costs and other post-retirement benefits

The company operates a defined contribution pension scheme. Contributions payable to the company's pension scheme are charged to profit or loss in the period to which they relate.

3.	EMPLOYEES AND DIRECTORS

The average number of employees during the period was 20 (2023 - 20 ) .

4.	INTANGIBLE FIXED ASSETS

Other

intangible

assets

£

COST

At 1 October 2023

and 31 December 2024

36,420

AMORTISATION

At 1 October 2023

14,568

Charge for period

9,105

At 31 December 2024

23,673

NET BOOK VALUE

At 31 December 2024

12,747

At 30 September 2023

21,852

5.	TANGIBLE FIXED ASSETS

Improvements

Freehold

to

Plant and

property

property

machinery

£

£

£

COST

At 1 October 2023

1,750,000

63,705

314,491

Additions

-

-

21,356

Disposals

(1,750,000

)

-

-

At 31 December 2024

-

63,705

335,847

DEPRECIATION

At 1 October 2023

-

17,925

243,944

Charge for period

-

14,309

25,872

Eliminated on disposal

-

-

-

At 31 December 2024

-

32,234

269,816

NET BOOK VALUE

At 31 December 2024

-

31,471

66,031

At 30 September 2023

1,750,000

45,780

70,547

Motor

Computer

vehicles

equipment

Totals

£

£

£

COST

At 1 October 2023

73,662

63,224

2,265,082

Additions

24,500

1,797

47,653

Disposals

(16,763

)

(2,395

)

(1,769,158

)

At 31 December 2024

81,399

62,626

543,577

DEPRECIATION

At 1 October 2023

45,053

55,249

362,171

Charge for period

15,576

4,716

60,473

Eliminated on disposal

(16,763

)

(2,395

)

(19,158

)

At 31 December 2024

43,866

57,570

403,486

NET BOOK VALUE

At 31 December 2024

37,533

5,056

140,091

At 30 September 2023

28,609

7,975

1,902,911

6.	FIXED ASSET INVESTMENTS

Included in the cost of fixed asset investments above is the cost of an investment in a company incorporated in the State of Indiana, USA, which is a wholly-owned subsidiary of West Technology Systems Limited.

7.

DEBTORS

31.12.24

30.9.23

£

£

Amounts falling due within one year:

Trade debtors

638,178

604,404

Other debtors

222,271

164,492

860,449

768,896

Amounts falling due after more than one year:

Other debtors

1,751,920

-

Aggregate amounts

2,612,369

768,896

8.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31.12.24

30.9.23

£

£

Bank loans and overdrafts

-

37,048

Trade creditors

411,867

304,605

Taxation and social security

394,590

225,266

Other creditors

80,437

27,997

886,894

594,916

9.

CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR

31.12.24

30.9.23

£

£

Bank loans

-

540,091

Amounts falling due in more than five years:

Repayable by instalments

Bank loans more 5 yr by instal

-

354,851

10.	LEASING AGREEMENTS

Minimum lease payments under non-cancellable operating leases fall due as follows:

31.12.24

30.9.23

£

£

Within one year

133,000

-

Between one and five years

460,945

-

593,945

-

11.	SECURED DEBTS

The following secured debts are included within creditors:

31.12.24

30.9.23

£

£

Bank loans

-

577,139

12.	CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:

Number:

Class:

Nominal

31.12.24

30.9.23

value:

£

£

2,000

Ordinary 'A' Shares

£1

2,000

2,000

400

Ordinary 'B' Shares

£1

400

400

2,400

2,400

13.

RESERVES

Revaluatio

reserve

£

At 1 October 2023

712,657

Reserves reclassification

(712,657

)

At 31 December 2024

-

14.	DISCLOSURE UNDER SECTION 444(5B) OF THE COMPANIES ACT 2006

The Report of the Auditors was unqualified.

Paul Freeman BA FCA FCCA (Senior Statutory Auditor)

for and on behalf of Lawes & Co UK Limited (Statutory Auditor)

15.	ULTIMATE CONTROLLING PARTY

The Ultimate Controlling Party is InduTrade UK Limited.

The registered office is Ellard House, Floats Road, Roundthorn Industrial Estate, Wythenshawe, M23 9WB.

16.	PARENT COMPANY

The parent company is Vacuum Engineering Services Limited.

Registered office: St Mowden Road, STretford, Manchester, M32 0ZE.

17.	PENSION COMMITMENTS

The company makes contributions to the West Technology Systems Limited Retirement Benefits Scheme, a defined contribution scheme for the directors. The assets of the scheme are being held separately from the assets of the company. The company's liability is limited to the amount of the contribution. The pension charge represents contributions paid by the company and amounts to £26,000 (2023: £59,218).

For employees, the company operates a separate defined contribution scheme. Included in the balance sheet is £11,225 (2023: £6,793) relating to employee and employer pension contributions payable under this scheme.