Westlec Auto Electrical Services Ltd - Accounts to registrar (filleted)

REGISTERED NUMBER: 04901573

Unaudited Financial Statements for the Year Ended 31 March 2025

for

Westlec Auto Electrical Services Ltd

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

4

DIRECTOR:

J Skuse

SECRETARY:

Mrs S J Skuse

REGISTERED OFFICE:

Unit 4 & 5

The Grove Industrial Estate

Gloucester Road

Patchway

Bristol

BS34 5BB

REGISTERED NUMBER:

04901573

ACCOUNTANTS:

M R Dury and Co Ltd

51 Peaslands Road

Sidmouth

Devon

EX10 9BE

FIXED ASSETS

Intangible assets

4

-

Tangible assets

5

42,593

44,910

42,593

44,910

CURRENT ASSETS

Stocks

2,352

Debtors

6

80,725

129,695

Cash at bank and in hand

147,985

91,483

231,062

223,530

CREDITORS

Amounts falling due within one year

7

95,749

97,791

NET CURRENT ASSETS

135,313

125,739

TOTAL ASSETS LESS CURRENT
LIABILITIES

177,906

170,649

CREDITORS

Amounts falling due after more than one
year

8

11,254

16,027

NET ASSETS

166,652

154,622

CAPITAL AND RESERVES

Called up share capital

100

Retained earnings

166,552

154,522

SHAREHOLDERS' FUNDS

166,652

154,622

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

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

The director acknowledges his 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 Statement of Income and Retained Earnings has not been delivered.

The financial statements were approved by the director and authorised for issue on 22 December 2025 and were signed by:

J Skuse - Director

1.	STATUTORY INFORMATION

Westlec Auto Electrical Services Ltd is a private company, limited by shares , registered in Not specified/Other. 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.

Turnover

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

Goodwill

Goodwill, being the amount paid in connection with the acquisition of a business in 2003, is being amortised evenly over its estimated useful life of twenty years.

Intangible assets

Intangible assets are initially measured at cost. After initial recognition, intangible assets are measured at cost less any accumulated amortisation and any accumulated impairment losses.

Tangible fixed assets

Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life or, if held under a finance lease, over the lease term, whichever is the shorter.

Stocks

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

Taxation

Taxation for the year comprises current and deferred tax. Tax is recognised in the Statement of Income and Retained Earnings, 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 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 6 (2024 - 6 ) .

4.	INTANGIBLE FIXED ASSETS

Goodwill

£

COST

At 1 April 2024

and 31 March 2025

30,000

AMORTISATION

At 1 April 2024

and 31 March 2025

30,000

NET BOOK VALUE

At 31 March 2025

-

At 31 March 2024

-

5.	TANGIBLE FIXED ASSETS

Plant and

machinery

etc

£

COST

At 1 April 2024

140,937

Additions

15,383

Disposals

(4,000

)

At 31 March 2025

152,320

DEPRECIATION

At 1 April 2024

96,027

Charge for year

17,166

Eliminated on disposal

(3,466

)

At 31 March 2025

109,727

NET BOOK VALUE

At 31 March 2025

42,593

At 31 March 2024

44,910

The net book value of tangible fixed assets includes £ 9,400 (2024 - £ 16,846 ) in respect of assets held under finance leases.

6.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2025

2024

£

Trade debtors

74,003

129,695

Other debtors

6,722

-

80,725

129,695

7.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2025

2024

£

Finance leases (see note 9)

4,773

6,133

Trade creditors

9,051

13,994

Taxation and social security

45,113

54,971

Other creditors

36,812

22,693

95,749

97,791

8.

CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR

2025

2024

£

Finance leases (see note 9)

11,254

16,027

9.	LEASING AGREEMENTS

Minimum lease payments under finance leases fall due as follows:

Finance leases

2025

2024

£

Gross obligations repayable:

Within one year

5,812

7,834

Between one and five years

12,364

18,176

26,010

Finance charges repayable:

Within one year

1,039

1,701

Between one and five years

1,110

2,149

3,850

Net obligations repayable:

Within one year

4,773

6,133

Between one and five years

11,254

16,027

22,160

10.	DIRECTOR'S ADVANCES, CREDITS AND GUARANTEES

The following advances and credits to a director subsisted during the years ended 31 March 2025 and 31 March 2024:

2025

2024

£

J Skuse

Balance outstanding at start of year

-

1,111

Amounts repaid

-

(1,111

)

Amounts written off

-

Amounts waived

-

Balance outstanding at end of year

-

Interest accrues on funded directors loan at a rate of 3%.

11.	ULTIMATE CONTROLLING PARTY

The company is controlled by J Skuse (director) who owns 75% of the share capital.