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Registered number: 05573224
Westwood (Derby) Ltd
Unaudited ABRIDGED Financial Statements
For The Year Ended 31 March 2026
Contents
Page
Abridged Balance Sheet 1—2
Notes to the Abridged Financial Statements 3—5
Page 1
Abridged Balance Sheet
Registered number: 05573224
2026 2025
Notes £ £ £ £
FIXED ASSETS
Intangible Assets 4 25,000 25,000
Tangible Assets 5 11,461 11,082
36,461 36,082
CURRENT ASSETS
Debtors 6 41,175 18,763
Cash at bank and in hand 108,242 143,385
149,417 162,148
Creditors: Amounts Falling Due Within One Year (83,099 ) (93,203 )
NET CURRENT ASSETS (LIABILITIES) 66,318 68,945
TOTAL ASSETS LESS CURRENT LIABILITIES 102,779 105,027
NET ASSETS 102,779 105,027
CAPITAL AND RESERVES
Called up share capital 7 6 6
Profit and Loss Account 102,773 105,021
SHAREHOLDERS' FUNDS 102,779 105,027
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For the year ending 31 March 2026 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.
The members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.
The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.
These accounts have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime.
The company has taken advantage of section 444(1) of the Companies Act 2006 and opted not to deliver to the registrar a copy of the company's Profit and Loss Account.
All of the company's members have consented to the preparation of an Abridged Balance Sheet for the year end 31 March 2026 in accordance with section 444(2A) of the Companies Act 2006.
On behalf of the board
G K Johal
Director
23/07/2026
The notes on pages 3 to 5 form part of these financial statements.
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Notes to the Abridged Financial Statements
1. General Information
Westwood (Derby) Ltd is a private company, limited by shares, incorporated in England & Wales, registered number 05573224 . The registered office is 12 Darley Abbey Mills, Darley Abbey, Derby, DE22 1DZ.
2. Accounting Policies
2.1. Basis of Preparation of Financial Statements
The financial statements have been prepared under the historical cost convention and in accordance with Financial Reporting Standard 102 section 1A Small Entities "The Financial Reporting Standard applicable in the UK and Republic of Ireland" and the Companies Act 2006.
2.2. Turnover
Turnover is measured at the fair value of the consideration received or receivable, net of discounts and value added taxes. Turnover includes revenue earned from the sale of goods and from the rendering of services. Turnover is reduced for estimated customer returns, rebates and other similar allowances.
Sale of goods
Turnover from the sale of goods is recognised when the significant risks and rewards of ownership of the goods has transferred to the buyer. This is usually at the point that the customer has signed for the delivery of the goods.
Rendering of services
Turnover from the rendering of services is recognised by reference to the stage of completion of the contract. The stage of completion of a contract is measured by comparing the costs incurred for work performed to date to the total estimated contract costs. Turnover is only recognised to the extent of recoverable expenses when the outcome of a contract cannot be estimated reliably.
2.3. Intangible Fixed Assets and Amortisation - Goodwill
Goodwill is the difference between amounts paid on the acquisition of a business and the fair value of the separable net assets. It is amortised to profit and loss account over its estimated economic life of 15 years.
2.4. Tangible Fixed Assets and Depreciation
Tangible fixed assets are measured at cost less accumulated depreciation and any accumulated impairment losses. Depreciation is provided at rates calculated to write off the cost of the fixed assets, less their estimated residual value, over their expected useful lives on the following bases:
Leasehold 25% on reducing balance
Plant & Machinery 25% on reducing balance
Motor Vehicles 25% on reducing balance
Fixtures & Fittings 25% on reducing balance
Computer Equipment 25% on reducing balance
2.5. Government Grant
Government grants are recognised in the profit and loss account in an appropriate manner that matches them with the expenditure towards which they are intended to contribute.
Grants for immediate financial support or to cover costs already incurred are recognised immediately in the profit and loss account. Grants towards general activities of the entity over a specific period are recognised in the profit and loss account over that period.
Grants towards fixed assets are recognised over the expected useful lives of the related assets and are treated as deferred income and released to the profit and loss account over the useful life of the asset concerned.
All grants in the profit and loss account are recognised when all conditions for receipt have been complied with.
3. Average Number of Employees
Average number of employees, including directors, during the year was: 26 (2025: 24)
26 24
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4. Intangible Assets
Total
£
Cost
As at 1 April 2025 125,000
As at 31 March 2026 125,000
Amortisation
As at 1 April 2025 100,000
As at 31 March 2026 100,000
Net Book Value
As at 31 March 2026 25,000
As at 1 April 2025 25,000
5. Tangible Assets
Total
£
Cost
As at 1 April 2025 81,899
Additions 4,199
As at 31 March 2026 86,098
Depreciation
As at 1 April 2025 70,817
Provided during the period 3,820
As at 31 March 2026 74,637
Net Book Value
As at 31 March 2026 11,461
As at 1 April 2025 11,082
6. Debtors
2026 2025
£ £
Due after more than one year
Corporation tax recoverable assets - 3,164
7. Share Capital
2026 2025
£ £
Allotted, Called up and fully paid 6 6
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8. Directors Advances, Credits and Guarantees
Included within Debtors are the following loans to directors:
As at 1 April 2025 Amounts advanced Amounts repaid Amounts written off As at 31 March 2026
£ £ £ £ £
Mrs Gurpreet Johal 9,376 - 9,376 - -
The above loan is unsecured, interest free and repayable on demand.
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