REGISTERED NUMBER: 03588595 (England and Wales)

Unaudited Financial Statements

for the Year Ended 30 June 2025

for

West Tool Limited

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

4

DIRECTORS:

C R Duffner

Mrs H C Duffner

REGISTERED OFFICE:

113 Staple Hill Road

Fishponds

Bristol

BS16 5AD

REGISTERED NUMBER:

03588595 (England and Wales)

ACCOUNTANTS:

Stanley Joseph Limited

Chartered Accountants

Suite 1

Liberty House

South Liberty Lane

Bristol

BS3 2ST

FIXED ASSETS

Property, plant and equipment

4

456,483

539,722

CURRENT ASSETS

Inventories

-

10,200

Debtors

5

3,648

15,623

Cash at bank

31,056

68,344

34,704

94,167

CREDITORS

Amounts falling due within one year

6

67,535

108,284

NET CURRENT LIABILITIES

(32,831

)

(14,117

)

TOTAL ASSETS LESS CURRENT LIABILITIES

423,652

525,605

CREDITORS

Amounts falling due after more than one year

7

-

(9,833

)

PROVISIONS FOR LIABILITIES

(64,921

)

(88,408

)

NET ASSETS

358,731

427,364

CAPITAL AND RESERVES

Called up share capital

2

2

Fair value reserve

8

325,026

371,565

Retained earnings

33,703

55,797

358,731

427,364

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 30 June 2025.

The members have not required the company to obtain an audit of its financial statements for the year ended 30 June 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 19 November 2025 and were signed on its behalf by:

C R Duffner - Director

Mrs H C Duffner - Director

1.	STATUTORY INFORMATION

West Tool 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 as modified by the revaluation of certain assets.

Turnover

Turnover represents the amounts receivable, excluding VAT and trade discounts, by the company for goods and services provided during the year. All transactions arose in the United Kingdom.

Tangible fixed assets

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

Freehold property

-

2% on cost

Improvements to property

-

10% on cost

Plant and machinery

-

25% on reducing balance

Fixtures and fittings

-

25% on reducing balance

Motor vehicles

-

25% on reducing balance

Computer equipment

-

33% on reducing balance

Stocks

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

Financial instruments

The company only enters into basic financial instruments that result in the recognition of financial assets and liabilities like cash and bank balances, trade debtors and creditors, bank overdrafts, finance leases and hire purchase contracts and loans to or from related parties.

A financial asset or financial liability is recognised only when the company 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.

Debt instruments are subsequently measured at amortised cost.

Financial assets that are measured at cost or amortised cost are reviewed for objective evidence of impairment at the end of each reporting date. If there is objective evidence of impairment, an impairment loss is recognised in the profit and loss immediately.

Any reversals of impairment are recognised in the profit and loss immediately, to the extent that the reversal does not result in a carrying amount of the financial asset that exceeds what the carrying amount would have been had the impairment not previously been recognised.

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.

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 year was 3 (2024 - 6 ) .

4.	PROPERTY, PLANT AND EQUIPMENT

Improvements

Freehold

to

Plant and

property

property

machinery

£

£

£

COST OR VALUATION

At 1 July 2024

475,000

1,000

109,269

Additions

-

-

-

Disposals

-

-

(109,269

)

At 30 June 2025

475,000

1,000

-

DEPRECIATION

At 1 July 2024

9,500

1,000

46,808

Charge for year

9,500

-

-

Eliminated on disposal

-

-

(46,808

)

At 30 June 2025

19,000

1,000

-

NET BOOK VALUE

At 30 June 2025

456,000

-

-

At 30 June 2024

465,500

-

62,461

Fixtures

and

Motor

Computer

fittings

vehicles

equipment

Totals

£

£

£

£

COST OR VALUATION

At 1 July 2024

7,850

34,223

14,691

642,033

Additions

-

-

724

724

Disposals

(7,850

)

(34,223

)

(14,018

)

(165,360

)

At 30 June 2025

-

-

1,397

477,397

DEPRECIATION

At 1 July 2024

7,840

22,583

14,580

102,311

Charge for year

-

-

352

9,852

Eliminated on disposal

(7,840

)

(22,583

)

(14,018

)

(91,249

)

At 30 June 2025

-

-

914

20,914

NET BOOK VALUE

At 30 June 2025

-

-

483

456,483

At 30 June 2024

10

11,640

111

539,722

Cost or valuation at 30 June 2025 is represented by:

Improvements

Freehold

to

Computer

property

property

equipment

Totals

£

£

£

£

Valuation in 2023

270,000

-

-

270,000

Cost

205,000

1,000

1,397

207,397

475,000

1,000

1,397

477,397

If Freehold property had not been revalued they would have been included at the following historical cost:

30.6.25

30.6.24

£

£

Cost

205,000

205,000

Aggregate depreciation

138,826

138,826

Freehold property were valued on an open market basis on 30 June 2023 by the directors .

5.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

30.6.25

30.6.24

£

£

Trade debtors

3,271

15,394

Other debtors

377

229

3,648

15,623

6.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

30.6.25

30.6.24

£

£

Bank loans and overdrafts

464

10,048

Trade creditors

-

4,347

Taxation and social security

3,542

26,098

Other creditors

63,529

67,791

67,535

108,284

7.

CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR

30.6.25

30.6.24

£

£

Bank loans

-

9,833

8.

RESERVES

Fair

value

reserve

£

At 1 July 2024

371,565

Deferred tax on revaluation

1,350

Depreciation on fair value

(5,400

)

Fair value reserve released

(42,489

)

At 30 June 2025

325,026