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COMPANY REGISTRATION NUMBER: SC199151

Westfield Caledonian Limited

Filleted Unaudited Financial Statements

30 September 2024

Westfield Caledonian Limited

Financial Statements

Period from 1 April 2024 to 30 September 2024

Contents | Page

Chartered accountants report to the board of directors on the preparation of the unaudited statutory financial statements | 1

Statement of financial position | 2

Notes to the financial statements | 4

Westfield Caledonian Limited

Chartered Accountants Report to the Board of Directors on the Preparation of the Unaudited Statutory Financial Statements of Westfield Caledonian Limited

Period from 1 April 2024 to 30 September 2024
In order to assist you to fulfil your duties under the Companies Act 2006, we have prepared for your approval the financial statements of Westfield Caledonian Limited for the period ended 30 September 2024, which comprise the statement of financial position and the related notes from the company's accounting records and from information and explanations you have given us. As a practising member firm of ICAS, we are subject to its ethical and other professional requirements which are detailed at www.icas.com/accountspreparationguidance. This report is made solely to the Board of Directors of Westfield Caledonian Limited, as a body. Our work has been undertaken solely to prepare for your approval the financial statements of Westfield Caledonian Limited and state those matters that we have agreed to state to you, as a body, in this report in accordance with the requirements of ICAS as detailed at www.icas.com/accountspreparationguidance. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than Westfield Caledonian Limited and its Board of Directors, as a body, for our work or for this report.
It is your duty to ensure that Westfield Caledonian Limited has kept adequate accounting records and to prepare statutory financial statements that give a true and fair view of the assets, liabilities, financial position and profit of Westfield Caledonian Limited. You consider that Westfield Caledonian Limited is exempt from the statutory audit requirement for the period. We have not been instructed to carry out an audit or a review of the financial statements of Westfield Caledonian 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 statutory financial statements.
GILLILAND & COMPANY Chartered Accountants
216 West George Street Glasgow G2 2PQ
22 October 2025

Westfield Caledonian Limited

Statement of Financial Position

30 September 2024

| 30 Sep 24 | 31 Mar 24
Note | £ | £ | £

Fixed assets

Tangible assets | 5 |  | 171,101 | 198,518

Current assets

Stocks | 30,626 |  | 6,168
Debtors | 6 | 139,850 |  | 199,873
Cash at bank and in hand | 469,005 |  | 355,798
| --------- |  | ---------
| 639,481 |  | 561,839

Creditors: amounts falling due within one year | 7 | 240,095 |  | 232,280
| --------- |  | ---------
Net current assets |  | 399,386 | 329,559
|  | --------- | ---------
Total assets less current liabilities |  | 570,487 | 528,077

Creditors: amounts falling due after more than one year | 8 |  | 3,470 | 11,806

Provisions

Taxation including deferred tax |  | 14,862 | 16,615
|  | --------- | ---------
Net assets |  | 552,155 | 499,656
|  | --------- | ---------

Westfield Caledonian Limited

Statement of Financial Position (continued)

30 September 2024

| 30 Sep 24 | 31 Mar 24
Note | £ | £ | £

Capital and reserves

Called up share capital |  | 2,000 | 2,000
Share premium account |  | 10,000 | 10,000
Capital redemption reserve |  | 10,001 | 10,001
Other reserves |  | 69,740 | 69,740
Profit and loss account |  | 460,414 | 407,915
|  | --------- | ---------
Shareholders funds |  | 552,155 | 499,656
|  | --------- | ---------

These financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies' regime and in accordance with Section 1A of FRS 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland'.
In accordance with section 444 of the Companies Act 2006, the statement of income and retained earnings has not been delivered.
For the period ending 30 September 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 period in question in accordance with section 476 ;
- The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of financial statements .
These financial statements were approved by the board of directors and authorised for issue on 22 October 2025 , and are signed on behalf of the board by:

Mr W Leitch
Director

Company registration number: SC199151

Westfield Caledonian Limited

Notes to the Financial Statements

Period from 1 April 2024 to 30 September 2024
1. General information
The company is a private company limited by shares, registered in Scotland. The address of the registered office is 4 Mollins Court, Westfield, Cumbernauld, Glasgow, G68 9HP.
2. Statement of compliance
These financial statements have been prepared in compliance with Section 1A of FRS 102, 'The Financial Reporting Standard applicable in the UK and the Republic of Ireland'.
3. Accounting policies
Basis of preparation
The financial statements have been prepared on the historical cost basis, as modified by the revaluation of certain financial assets and liabilities and investment properties measured at fair value through profit or loss.
The financial statements are prepared in sterling, which is the functional currency of the entity.
Cash and cash equivalents
Cash is represented by cash in hand and deposits with financial institutions repayable without penalty on notice of not more than 24 hours. Cash equivalents are highly liquid investments that mature in no more than three months from the date of acquisition and that are readily convertible to known amounts of cash with insignificant risk of change in value.
Reporting period
The company is presenting the financial statements for a period of six months. Comparative amounts are therefore not comparable.
Revenue recognition
Turnover is measured at the fair value of the consideration received or receivable for goods supplied and services rendered, net of discounts and Value Added Tax. Revenue from the sale of goods is recognised when the significant risks and rewards of ownership have transferred to the buyer (usually on despatch of the goods); the amount of revenue can be measured reliably; it is probable that the associated economic benefits will flow to the entity; and the costs incurred or to be incurred in respect of the transactions can be measured reliably.
Income tax
The taxation expense represents the aggregate amount of current and deferred tax recognised in the reporting period. Tax is recognised in profit or loss, except to the extent that it relates to items recognised in other comprehensive income or directly in equity. In this case, tax is recognised in other comprehensive income or directly in equity, respectively. Current tax is recognised on taxable profit for the current and past periods. Current tax is measured at the amounts of tax expected to pay or recover using the tax rates and laws that have been enacted or substantively enacted at the reporting date.
Deferred tax is recognised in respect of all timing differences at the reporting date. Unrelieved tax losses and other deferred tax assets are recognised to the extent that it is probable that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits. Deferred tax is measured using the tax rates and laws that have been enacted or substantively enacted by the reporting date that are expected to apply to the reversal of the timing difference.
Tangible assets
Tangible assets are initially recorded at cost, and subsequently stated at cost less any accumulated depreciation and impairment losses. Any tangible assets carried at revalued amounts are recorded at the fair value at the date of revaluation less any subsequent accumulated depreciation and subsequent accumulated impairment losses. An increase in the carrying amount of an asset as a result of a revaluation, is recognised in other comprehensive income and accumulated in equity, except to the extent it reverses a revaluation decrease of the same asset previously recognised in profit or loss. A decrease in the carrying amount of an asset as a result of revaluation, is recognised in other comprehensive income to the extent of any previously recognised revaluation increase accumulated in equity in respect of that asset. Where a revaluation decrease exceeds the accumulated revaluation gains accumulated in equity in respect of that asset, the excess shall be recognised in profit or loss.
Depreciation
Depreciation is calculated so as to write off the cost or valuation of an asset, less its residual value, over the useful economic life of that asset as follows:

| Tenants Improvements | - | 25% straight line
| Laboratory Equipment | - | 33% straight line
| Plant & Machinery | - | 33% straight line
| Fixtures & Fittings | - | 20% straight line
| Motor Vehicles | - | 30% reducing balance

| Computer Equipment | - | 33% straight line
| Laboratory Fit-out | - | 25% straight line

Work in progress
Work in progress is valued on the basis of direct costs plus attributable overheads based on normal level of activity. Provision is made for any foreseeable losses where appropriate. No element of profit is included in the valuation of work in progress.
Finance leases and hire purchase contracts
Assets held under finance leases and hire purchase contracts are recognised in the statement of financial position as assets and liabilities at the lower of the fair value of the assets and the present value of the minimum lease payments, which is determined at the inception of the lease term. Any initial direct costs of the lease are added to the amount recognised as an asset. Lease payments are apportioned between the finance charges and reduction of the outstanding lease liability using the effective interest method. Finance charges are allocated to each period so as to produce a constant rate of interest on the remaining balance of the liability.
Provisions
Provisions are recognised when the entity has an obligation at the reporting date as a result of a past event, it is probable that the entity will be required to transfer economic benefits in settlement and the amount of the obligation can be estimated reliably. Provisions are recognised as a liability in the statement of financial position and the amount of the provision as an expense. Provisions are initially measured at the best estimate of the amount required to settle the obligation at the reporting date and subsequently reviewed at each reporting date and adjusted to reflect the current best estimate of the amount that would be required to settle the obligation. Any adjustments to the amounts previously recognised are recognised in profit or loss unless the provision was originally recognised as part of the cost of an asset. When a provision is measured at the present value of the amount expected to be required to settle the obligation, the unwinding of the discount is recognised as a finance cost in profit or loss in the period it arises.
Financial instruments
Financial instruments are classified and accounted for, according to the substance of the contractual arrangement, as either financial assets, financial liabilities or equity instruments. An equity instrument is any contract that evidences a residual interest in the assets of the company after deducting all of its liabilities.
Defined contribution plans
Contributions to defined contribution plans are recognised as an expense in the period in which the related service is provided. Prepaid contributions are recognised as an asset to the extent that the prepayment will lead to a reduction in future payments or a cash refund. When contributions are not expected to be settled wholly within 12 months of the end of the reporting date in which the employees render the related service, the liability is measured on a discounted present value basis. The unwinding of the discount is recognised as a finance cost in profit or loss in the period in which it arises.
4. Employee numbers
The average number of persons employed by the company during the period amounted to 16 (2024: 15 ).
5. Tangible assets

| Laboratory Equipment | Plant and machinery | Fixtures and fittings | Motor vehicles | Lab Fit-Out | Total
| £ | £ | £ | £ | £ | £
Cost |  |  |  |  |  |
At 1 Apr 2024 | 44,719 | 61,456 | 61,882 | 218,376 | 59,370 | 445,803
Additions | – | – | 118 | – | 1,047 | 1,165
| -------- | -------- | -------- | --------- | -------- | ---------
At 30 Sep 2024 | 44,719 | 61,456 | 62,000 | 218,376 | 60,417 | 446,968
| -------- | -------- | -------- | --------- | -------- | ---------
Depreciation |  |  |  |  |  |
At 1 Apr 2024 | 41,055 | 49,829 | 57,854 | 86,899 | 11,648 | 247,285
Charge for the period | 741 | 2,428 | 326 | 19,384 | 5,703 | 28,582
| -------- | -------- | -------- | --------- | -------- | ---------
At 30 Sep 2024 | 41,796 | 52,257 | 58,180 | 106,283 | 17,351 | 275,867
| -------- | -------- | -------- | --------- | -------- | ---------
Carrying amount |  |  |  |  |  |
At 30 Sep 2024 | 2,923 | 9,199 | 3,820 | 112,093 | 43,066 | 171,101
| -------- | -------- | -------- | --------- | -------- | ---------
At 31 Mar 2024 | 3,664 | 11,627 | 4,028 | 131,477 | 47,722 | 198,518
| -------- | -------- | -------- | --------- | -------- | ---------

6. Debtors

| 30 Sep 24 | 31 Mar 24
| £ | £
Trade debtors | 122,272 | 186,543
Other debtors | 17,578 | 13,330
| --------- | ---------
| 139,850 | 199,873
| --------- | ---------

7. Creditors: amounts falling due within one year

| 30 Sep 24 | 31 Mar 24
| £ | £
Trade creditors | 31,853 | 47,000
Corporation tax | 100,307 | 64,931
Social security and other taxes | 52,027 | 51,640
Other creditors | 55,908 | 68,709
| --------- | ---------
| 240,095 | 232,280
| --------- | ---------

8. Creditors: amounts falling due after more than one year

| 30 Sep 24 | 31 Mar 24
| £ | £
Other creditors | 3,470 | 11,806
| ------- | --------

9. Controlling party
The company is under the control of the director during the current and prior periods.