Westcrete Precast Concrete Limited - Accounts to registrar (filleted)

REGISTERED NUMBER: 01381027 (England and Wales)

UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 JANUARY 2025

FOR

WESTCRETE PRECAST CONCRETE LIMITED

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

4

DIRECTORS:

M H Thoennissen

Mrs. L C Thomson-Thoennissen

Mrs V N Gale

SECRETARY:

Mr. M H Thoennissen

REGISTERED OFFICE:

Stoney Bridges

Axminster

Devon

EX13 5RL

REGISTERED NUMBER:

01381027 (England and Wales)

ACCOUNTANT:

Jane Miners

2 Turlake Mews

Cowley

Exeter

Devon

EX5 5ER

FIXED ASSETS

Tangible assets

4

158,786

127,326

Investments

5

1,300

160,086

128,626

CURRENT ASSETS

Stocks

135,968

145,861

Debtors

6

50,609

65,462

Cash at bank and in hand

90,415

122,531

276,992

333,854

CREDITORS

Amounts falling due within one year

7

121,467

101,951

NET CURRENT ASSETS

155,525

231,903

TOTAL ASSETS LESS CURRENT
LIABILITIES

315,611

360,529

CREDITORS

Amounts falling due after more than one
year

8

(34,942

)

(20,200

)

PROVISIONS FOR LIABILITIES

10

(14,469

)

(25,344

)

NET ASSETS

266,200

314,985

CAPITAL AND RESERVES

Called up share capital

5,000

Retained earnings

261,200

309,985

SHAREHOLDERS' FUNDS

266,200

314,985

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 January 2025.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 January 2025 in accordance with Section 476 of the Companies Act 2006.

The directors acknowledge their responsibilities for:

(a)	ensuring that the company keeps 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 Sections 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.

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 October 2025 and were signed on its behalf by:

Mrs. L C Thomson-Thoennissen - Director

1.	STATUTORY INFORMATION

Westcrete Precast Concrete 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.

The directors consider that there are no material uncertainties about the company's ability to continue as a going concern nor any areas of uncertainty that affect the carrying value of its assets and liabilities. Hence the accounts have been prepared on the going concern basis.

Turnover

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

Tangible fixed assets and depreciation

Fixed assets are shown at their purchase cost together with any incidental costs of acquisition. Depreciation is calculated so as to write off the cost of tangible fixed assets, less their residual values, over their expected useful economic lives. The principal rates and bases used are :

Leasehold workshop and extension

Straight line basis 1% per annum

Motor vehicles

Reducing balance basis 25% per annum

Plant and machinery

Reducing balance basis 20% per annum

Fixtures, fittings and equipment

Reducing balance basis 15% and 33% per annum

Stocks

Stocks are stated at the lower of cost and estimated net realisable value.

Taxation

Taxation for the year 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 year 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.

Hire purchase and leasing commitments

Assets obtained under hire purchase contracts or finance leases are capitalised in the balance sheet. Those held under hire purchase contracts are depreciated over their estimated useful lives. Those held under finance leases are depreciated over their estimated useful lives or the lease term, whichever is the shorter.

The interest element of these obligations is charged to profit or loss over the relevant period. The capital element of the future payments is treated as a liability.

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

Pension costs

The company operates a defined contribution, auto enrolment pension scheme.

3.	EMPLOYEES AND DIRECTORS

The average number of employees during the year was 14 (2024 - 14 ) .

4.	TANGIBLE FIXED ASSETS

Plant and

Land and

machinery

buildings

etc

Totals

£

COST

At 1 February 2024

28,748

292,934

321,682

Additions

-

66,841

Disposals

-

(32,706

)

(32,706

)

At 31 January 2025

28,748

327,069

355,817

DEPRECIATION

At 1 February 2024

11,211

183,145

194,356

Charge for year

392

30,424

30,816

Eliminated on disposal

-

(28,141

)

(28,141

)

At 31 January 2025

11,603

185,428

197,031

NET BOOK VALUE

At 31 January 2025

17,145

141,641

158,786

At 31 January 2024

17,537

109,789

127,326

The net book value of tangible fixed assets includes £ 108,064 (2024 - £ 63,835 ) in respect of assets held under hire purchase contracts.

5.	FIXED ASSET INVESTMENTS

Other

investments

£

COST

At 1 February 2024

and 31 January 2025

1,300

NET BOOK VALUE

At 31 January 2025

1,300

At 31 January 2024

1,300

6.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31.1.25

31.1.24

£

Trade debtors

46,937

61,542

Other debtors

3,672

3,920

50,609

65,462

7.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31.1.25

31.1.24

£

Hire purchase contracts

22,369

12,424

Trade creditors

71,229

59,058

Taxation and social security

20,189

21,894

Other creditors

7,680

8,575

121,467

101,951

8.

CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR

31.1.25

31.1.24

£

Hire purchase contracts

34,942

20,200

9.	SECURED DEBTS

The following secured debts are included within creditors:

31.1.25

31.1.24

£

Hire purchase contracts

57,311

32,624

The hire purchase contracts are secured on the assets acquired using the advances.

10.	PROVISIONS FOR LIABILITIES

31.1.25

31.1.24

£

Deferred tax

Accelerated capital allowances

29,809

25,344

Tax losses available

for future relief

(15,340

)

-

14,469

25,344

Deferred

tax

£

Balance at 1 February 2024

25,344

Credit to Income Statement during year

(10,875

)

Balance at 31 January 2025

14,469

11.	GUARANTEES AND OTHER FINANCIAL COMMITMENTS

At the balance sheet date the total amount of commitments, guarantees and contingencies was £10,700 (2024 - £17,900).

12.	RELATED PARTY DISCLOSURES

Rent of £6,760 was paid to a director during the year and dividends of £14,000 were paid to the directors.

13.	ULTIMATE CONTROLLING PARTY

The ultimate controlling parties are the directors M H Thoennissen and Mrs L C Thomson-Thoennissen who own all of the issued share capital.