Westend Fabrics Limited Filleted accounts for Companies House (small and micro)

COMPANY REGISTRATION NUMBER: 02356355

Westend Fabrics Limited

Filleted Unaudited Financial Statements

31 March 2025

Westend Fabrics Limited

Statement of Financial Position

31 March 2025

	2025	2024
Note	£	£

Current assets

Debtors	5	493,521	493,922
Cash at bank and in hand		–	9,296
		---------	---------
		493,521	503,218

Creditors: amounts falling due within one year	6	1,100	1,624
		---------	---------
Net current assets		492,421	501,594
		---------	---------
Total assets less current liabilities		492,421	501,594
		---------	---------
Net assets		492,421	501,594
		---------	---------

Capital and reserves

Called up share capital	10,000	10,000
Profit and loss account	482,421	491,594
	---------	---------
Shareholders funds	492,421	501,594
	---------	---------

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 31 March 2025 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

Director's 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 director acknowledges his 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 3 December 2025 , and are signed on behalf of the board by:

Mr B Chandarana
Director

Company registration number: 02356355

Westend Fabrics Limited

Notes to the Financial Statements

Year ended 31 March 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 46 Boston Road, Leicester, LE4 1AA.

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.

Tangible assets

Tangible assets are initially recorded at cost, and subsequently stated at cost less any accumulated depreciation. Any tangible assets carried at revalued amounts are recorded at the fair value at the date of revaluation less any subsequent accumulated depreciation.

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:

	Equipment	-	30% straight line

Financial instruments

A financial asset or a financial liability is recognised only when the entity becomes a party to the contractual provisions of the instrument. Basic financial instruments are initially recognised at the transaction price, unless the arrangement constitutes a financing transaction, where it is recognised at the present value of the future payments discounted at a market rate of interest for a similar debt instrument.

4. Tangible assets

	Equipment
	£
Cost
At 1 April 2024 and 31 March 2025	1,175
	-------
Depreciation
At 1 April 2024 and 31 March 2025	1,175
	-------
Carrying amount
At 31 March 2025	–
	-------
At 31 March 2024	–
	-------

5. Debtors

	2025	2024
	£	£
Other debtors	493,521	493,922
	---------	---------

6. Creditors: amounts falling due within one year

	2025	2024
	£	£
Trade creditors	–	12
Social security and other taxes	–	512
Other creditors	1,100	1,100
	-------	-------
	1,100	1,624
	-------	-------

7. Related party transactions

The company has provided related parties with interest free loans repayable on demand. The amount due from the related parties as at 31 March 2025 amounted to £493,521 (2024: £493,922). During the year a related partry debtor amounting to £7,939 (2024: £nil) was written off.