Westwood Car and Commercial Limited Filleted accounts for Companies House (small and micro)

COMPANY REGISTRATION NUMBER: 04950273

Westwood Car and Commercial Limited

Filleted Unaudited Financial Statements

28 February 2025

Westwood Car and Commercial Limited

Statement of Financial Position

28 February 2025

	2025		2024
Note	£	£	£

Fixed assets

Tangible assets	6		240	480

Current assets

Stocks	549,693	492,371
Cash at bank and in hand	32,459	77,535
	---------	---------
	582,152	569,906

Creditors: amounts falling due within one year	7	255,910		231,614
		---------		---------
Net current assets			326,242	338,292
			---------	---------
Total assets less current liabilities			326,482	338,772

Creditors: amounts falling due after more than one year	8	366,465	333,412
		---------	---------
Net (liabilities)/assets		( 39,983)	5,360
		---------	---------

Capital and reserves

Called up share capital	100	100
Profit and loss account	( 40,083)	5,260
	--------	-------
Shareholders (deficit)/funds	( 39,983)	5,360
	--------	-------

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 year ending 28 February 2025 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 year 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 .

Westwood Car and Commercial Limited

Statement of Financial Position (continued)

28 February 2025

These financial statements were approved by the board of directors and authorised for issue on 28 November 2025 , and are signed on behalf of the board by:

Mr S Nokes
Director

Company registration number: 04950273

Westwood Car and Commercial Limited

Notes to the Financial Statements

Year ended 28 February 2025

1. General information

The company is a private company limited by shares, registered in England and Wales. The address of the registered office is Hartley Garage, Ash Road, Hartley, Longfield, DA3 8EL, Kent.

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.

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.

Amortisation

Amortisation is calculated so as to write off the cost of an asset, less its estimated residual value, over the useful life of that asset as follows:

	20% straight line method	-	20% straight line

If there is an indication that there has been a significant change in amortisation rate, useful life or residual value of an intangible asset, the amortisation is revised prospectively to reflect the new estimates.

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:

	20% straight line method	-	20% straight line

Stocks

Stocks are measured at the lower of cost and estimated selling price less costs to complete and sell. Cost includes all costs of purchase, costs of conversion and other costs incurred in bringing the stock to its present location and condition.

4. Employee numbers

The average number of persons employed by the company during the year amounted to 1 (2024: 1 ).

5. Intangible assets

	Goodwill
	£
Cost
At 1 March 2024 and 28 February 2025	25,000
	--------
Amortisation
At 1 March 2024 and 28 February 2025	25,000
	--------
Carrying amount
At 28 February 2025	–
	--------
At 29 February 2024	–
	--------

6. Tangible assets

	Fixtures and fittings	Equipment	Total
	£	£	£
Cost
At 1 March 2024 and 28 February 2025	1,517	12,434	13,951
	-------	--------	--------
Depreciation
At 1 March 2024	1,517	11,954	13,471
Charge for the year	–	240	240
	-------	--------	--------
At 28 February 2025	1,517	12,194	13,711
	-------	--------	--------
Carrying amount
At 28 February 2025	–	240	240
	-------	--------	--------
At 29 February 2024	–	480	480
	-------	--------	--------

7. Creditors: amounts falling due within one year

	2025	2024
	£	£
Trade creditors	249,382	227,036
Corporation tax	1,836	1,836
Social security and other taxes	3,692	2,742
Other creditors	1,000	–
	---------	---------
	255,910	231,614
	---------	---------

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

	2025	2024
	£	£
Bank loans and overdrafts	200,416	269,394
Other creditors	166,049	64,018
	---------	---------
	366,465	333,412
	---------	---------