T W West Ltd - Period Ending 2025-03-31

Company Registration number: 04659833

T W West Ltd

Annual Report and Unaudited
Financial Statements

for the Year Ended 31 March 2025

T W West Ltd

Contents

Pages

Balance sheet	1 to 2
Notes to the financial statements	3 to 9

T W West Ltd

Balance Sheet as at 31 March 2025

	Note	2025 £	2024 £
Fixed assets
Tangible assets	4	4,109,266	3,929,984
Current assets
Stocks	5	331,920	330,220
Debtors	6	768,037	778,052
Cash at bank and in hand		20,001	-
		1,119,958	1,108,272
Creditors: Amounts falling due within one year	8	(982,327)	(1,150,625)
Net current assets/(liabilities)		137,631	(42,353)
Total assets less current liabilities		4,246,897	3,887,631
Creditors: Amounts falling due after more than one year	8	(2,488,870)	(2,251,195)
Provisions for liabilities		(765,586)	(480,082)
Net assets		992,441	1,156,354
Capital and reserves
Called up share capital		100	100
Retained earnings		992,341	1,156,254
Shareholders' funds		992,441	1,156,354

T W West Ltd

Balance Sheet as at 31 March 2025 (continued)

For the financial 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.

Directors' responsibilities:

•	The members have not required the company to obtain an audit of its accounts for the year in question in accordance with section 476; and
•	The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.

These financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime. As permitted by section 444 (5A) of the Companies Act 2006, the directors have not delivered to the registrar a copy of the Profit and Loss Account.

Company registration number: 04659833

Approved and authorised by the Board on 2 December 2025 and signed on its behalf by:

.........................................
Mr T W West
Director

T W West Ltd

Notes to the financial statements for the Year Ended 31 March 2025

1	GENERAL INFORMATION

The company is a private company limited by share capital, incorporated in England and Wales.

The address of its registered office is:
Whin Bank
Rottington
Sandwith
Whitehaven
CA28 9UR

These financial statements were authorised for issue by the Board on 2 December 2025.

2	ACCOUNTING POLICIES

Summary of significant accounting policies and key accounting estimates

The principal accounting policies applied in the preparation of these financial statements are set out below. These policies have been consistently applied to all the years presented, unless otherwise stated.

Statement of compliance

These financial statements have been prepared in accordance with Financial Reporting Standard 102 Section 1A smaller entities - 'The Financial Reporting Standard applicable in the United Kingdom and Republic of Ireland' and the Companies Act 2006 (as applicable to companies subject to the small companies' regime).

Basis of preparation

These financial statements have been prepared using the historical cost convention except that as disclosed in the accounting policies certain items are shown at fair value.

The financial statements are prepared in sterling, which is the functional currency of the entity. Monetary amounts in these financial statements are rounded to the nearest £.

Judgements and key sources of estimation uncertainty

The preparation of the financial statements requires management to make judgements, estimates and assumptions that affect the amounts reported. These estimates and judgements are continually reviewed and are based on experience and other factors, including expectations of future events that are believed to be reasonable under the circumstances. Actual results may differ from these estimates.

Revenue recognition

Turnover comprises the fair value of the consideration received or receivable for the sale of goods and provision of services in the ordinary course of the company’s activities. Turnover is shown net of sales/value added tax, returns, rebates and discounts.

The company recognises revenue when:
The amount of revenue can be reliably measured;
it is probable that future economic benefits will flow to the entity;
and specific criteria have been met for each of the company's activities.

T W West Ltd

Notes to the financial statements for the Year Ended 31 March 2025 (continued)

2	ACCOUNTING POLICIES (continued)

Tax

The tax expense for the period comprises deferred tax. Tax is recognised in profit or loss, except that a change attributable to an item of income or expense recognised as other comprehensive income is also recognised directly in other comprehensive income.

Deferred tax is recognised in respect of all timing differences between taxable profits and profits reported in the financial statements.

Unrelieved tax losses and other deferred tax assets are recognised when 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 and that are expected to apply to the reversal of the timing difference.

Tangible assets

Tangible assets are stated in the balance sheet at cost, less any subsequent accumulated depreciation and subsequent accumulated impairment losses.

The cost of tangible assets includes directly attributable incremental costs incurred in their acquisition and installation.

Depreciation

Depreciation is charged so as to write off the cost of assets, other than land and properties under construction over their estimated useful lives, as follows:

Asset class	Depreciation method and rate
Land and buildings	Straight line over the life of the lease
Motor vehicles	25% reducing balance
Plant and machinery	7.5% reducing balance
Tractors	7.5% reducing balance
Biomass boilers	Straight line over 15 years
Office equipment	25% straight line

Borrowings

Interest-bearing borrowings are initially recorded at fair value, net of transaction costs. Interest-bearing borrowings are subsequently carried at amortised cost, with the difference between the proceeds, net of transaction costs, and the amount due on redemption being recognised as a charge to the profit and loss account over the period of the relevant borrowing.

Interest expense is recognised on the basis of the effective interest method and is included in interest payable and similar charges.

Borrowings are classified as current liabilities unless the company has an unconditional right to defer settlement of the liability for at least twelve months after the reporting date.

T W West Ltd

Notes to the financial statements for the Year Ended 31 March 2025 (continued)

2	ACCOUNTING POLICIES (continued)

Leases

Leases in which substantially all the risks and rewards of ownership are retained by the lessor are classified as operating leases. Payments made under operating leases are charged to profit or loss on a straight-line basis over the period of the lease.

Leases are classified as finance leases whenever the terms of the lease transfer substantially all the risks and rewards of ownership to the lessee.

Assets held under finance leases are recognised at the lower of their fair value at inception of the lease and the present value of the minimum lease payments. These assets are depreciated on a straight-line basis over the shorter of the useful life of the asset and the lease term. The corresponding liability to the lessor is included in the balance sheet as a finance lease obligation.

Lease payments are apportioned between finance costs in the profit and loss account and reduction of the lease obligation so as to achieve a constant periodic rate of interest on the remaining balance of the liability.

Defined contribution pension obligation

A defined contribution plan is a pension plan under which fixed contributions are paid into a pension fund and the company has no legal or constructive obligation to pay further contributions even if the fund does not hold sufficient assets to pay all employees the benefits relating to employee service in the current and prior periods.

Contributions to defined contribution plans are recognised as employee benefit expense when they are due. If contribution payments exceed the contribution due for service, the excess is recognised as a prepayment.

Financial instruments

Classification
A financial asset or a financial liability is recognised only when the company becomes a party to the contractual provisions of the instrument.
Recognition and measurement
Basic financial instruments are initially recognised at the transaction price.
Impairment
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 profit or loss immediately.

Any reversals of impairment are recognised in profit or 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.

T W West Ltd

Notes to the financial statements for the Year Ended 31 March 2025 (continued)

3	STAFF NUMBERS

The average number of persons employed by the company (including directors) during the year, was 8 (2024 - 8).

T W West Ltd

Notes to the financial statements for the Year Ended 31 March 2025 (continued)

4	TANGIBLE ASSETS

Land and buildings
£

Office equipment
£

Motor vehicles
£

Tractors
£

Plant and machinery
£

Total
£

Cost or valuation

At 1 April 2024

196,700

60,896

32,999

1,406,990

3,730,526

5,428,111

Additions

-

-

-

342,917

538,578

881,495

Disposals

-

-

-

(70,000)

(392,995)

(462,995)

At 31 March 2025

196,700

60,896

32,999

1,679,907

3,876,109

5,846,611

Depreciation

At 1 April 2024

107,000

13,070

21,615

57,921

1,298,521

1,498,127

Charge for the year

9,835

11,956

2,846

107,747

214,326

346,710

Eliminated on disposal

-

-

-

(18,753)

(88,739)

(107,492)

At 31 March 2025

116,835

25,026

24,461

146,915

1,424,108

1,737,345

Carrying amount

At 31 March 2025

79,865

35,870

8,538

1,532,992

2,452,001

4,109,266

At 31 March 2024

89,700

47,826

11,384

1,349,069

2,432,005

3,929,984

- 7 -

T W West Ltd

Notes to the financial statements for the Year Ended 31 March 2025 (continued)

STOCKS

	2025 £	2024 £
Stocks	331,920	330,220

DEBTORS

Current	2025 £	2024 £
Trade debtors	162,307	190,662
Prepayments	180,971	127,261
Other debtors	424,759	460,129
	768,037	778,052

7	LOANS AND BORROWINGS

Non-current loans and borrowings

	2025 £	2024 £

Bank borrowings	296,495	329,301
Hire purchase contracts	2,146,061	1,864,882
Other borrowings	46,314	57,012
	2,488,870	2,251,195

Current loans and borrowings

	2025 £	2024 £

Bank borrowings	39,056	117,435
Bank overdrafts	219,203	347,378
Hire purchase contracts	503,344	445,823
	761,603	910,636

T W West Ltd

Notes to the financial statements for the Year Ended 31 March 2025 (continued)

CREDITORS

Creditors: amounts falling due within one year

	Note	2025 £	2024 £
Due within one year
Loans and borrowings	7	761,603	910,636
Trade creditors		129,109	128,314
Taxation and social security		41,151	35,458
Accruals and deferred income		10,520	10,470
Other creditors		39,944	65,747
		982,327	1,150,625

Creditors include bank loans and overdrafts and net obligations under finance lease and hire purchase contracts which are secured of £761,603 (2024 - £910,636).

Creditors: amounts falling due after more than one year

	Note	2025 £	2024 £
Due after one year
Loans and borrowings	7	2,488,870	2,251,195

Creditors include bank loans and overdrafts and net obligations under finance lease and hire purchase contracts which are secured of £2,488,870 (2024 - £2,251,195).

	Land and buildings £	Office equipment £	Motor vehicles £	Tractors £	Plant and machinery £	Total £
Cost or valuation
At 1 April 2024	196,700	60,896	32,999	1,406,990	3,730,526	5,428,111
Additions	-	-	-	342,917	538,578	881,495
Disposals	-	-	-	(70,000)	(392,995)	(462,995)
At 31 March 2025	196,700	60,896	32,999	1,679,907	3,876,109	5,846,611
Depreciation
At 1 April 2024	107,000	13,070	21,615	57,921	1,298,521	1,498,127
Charge for the year	9,835	11,956	2,846	107,747	214,326	346,710
Eliminated on disposal	-	-	-	(18,753)	(88,739)	(107,492)
At 31 March 2025	116,835	25,026	24,461	146,915	1,424,108	1,737,345
Carrying amount
At 31 March 2025	79,865	35,870	8,538	1,532,992	2,452,001	4,109,266
At 31 March 2024	89,700	47,826	11,384	1,349,069	2,432,005	3,929,984