REGISTERED NUMBER: 01248552 (England and Wales)

Financial Statements

for the Year Ended 31 January 2026

for

Westcountry Books & Stationery Limited

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

3

DIRECTOR:

G Butlin

REGISTERED OFFICE:

37 Pennygillam Way

Pennygillam Industrial Estate

Launceston

Cornwall

PL15 7ED

REGISTERED NUMBER:

01248552 (England and Wales)

AUDITORS:

Streets Audit LLP

Melrose House

Rydon Lane

Exeter

Devon

EX2 5AZ

FIXED ASSETS

Tangible assets

4

25,689

35,177

CURRENT ASSETS

Stocks

154,466

213,053

Debtors

5

74,100

60,206

Cash at bank

260,219

254,142

488,785

527,401

CREDITORS

Amounts falling due within one year

6

66,645

59,836

NET CURRENT ASSETS

422,140

467,565

TOTAL ASSETS LESS CURRENT LIABILITIES

447,829

502,742

CAPITAL AND RESERVES

Called up share capital

8

10,300

10,300

Retained earnings

437,529

492,442

SHAREHOLDERS' FUNDS

447,829

502,742

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 director and authorised for issue on 21 October 2026 and were signed by:

G Butlin - Director

1.	STATUTORY INFORMATION

Westcountry Books & Stationery 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.

The presentation currency of the financial statements is the Pound Sterling (£).

2.	ACCOUNTING POLICIES

Basis of preparing the financial statements

These financial statements have been prepared in accordance with the provisions of Section 1A "Small Entities" of Financial Reporting Standard 102 "The Financial Reporting Standard applicable in the UK and Republic of Ireland" and the Companies Act 2006.

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

Turnover

Turnover is measured at the fair value of the consideration received or receivable net of VAT and trade discounts. The policies adopted for the recognition of turnover are as follows:

Sale of goods

Revenue is recognised for the sale of goods when the vendor has transferred the significant risks and rewards of ownership, it is probable that the economic benefit will flow to the entity and the revenue and associated costs can be reliably measured. This is usually on dispatch or collection of the goods.

Tangible fixed assets

Tangible fixed assets are stated at cost (or deemed cost) or valuation less accumulated depreciation and accumulated impairment losses. Cost includes costs directly attributable to making the asset capable of operating as intended.

Depreciation is provided on all tangible fixed assets, at rates calculated to write off the cost, less estimated residual value, of each asset on a systematic basis over its expected useful life as follows:

Plant and machinery etc - 10 and 20% on cost

Motor vehicles - 20% on reducing balance

Stocks

Stocks are stated at the lower of cost and estimated selling price less costs to complete and sell. Cost includes all costs of purchase, costs of conversion and other costs incurred in bringing stock to its present location and condition. Provision is made for damaged, obsolete and slow-moving stock where appropriate.

Taxation

Current tax represents the amount of tax payable or receivable in respect of the taxable profit (or loss) for the

current or past reporting periods. It is measured at the amount expected to be paid or recovered using the tax rates and laws that have been enacted or substantively enacted by the balance sheet date.

Deferred tax represents the future tax consequences of transactions and events recognised in the financial

statements of current and previous periods. It is recognised in respect of all timing differences, with certain

exceptions. Timing differences are differences between taxable profits and total comprehensive income as

stated in the financial statements that arise from the inclusion of income and expense in tax assessments in

periods different from those in which they are recognised in the financial statements. 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.

Deferred tax is measured using the tax rates and laws that have been enacted or substantively enacted by the balance sheet date that are expected to apply to the reversal of timing differences.

Hire purchase and leasing commitments

Rentals paid under operating leases are charged to profit or loss on a straight line basis over the period of the lease.

Financial instruments

All financial instruments are recognised initially at transaction price excluding transaction costs and subsequently at amortised cost. These include cash at bank, trade and other debtors and trade and other creditors.

Debtors and creditors receivable / payable within one year

Debtors and creditors with no stated interest rate and receivable or payable within one year are recorded at transaction price. Any losses arising from impairment are recognised in the profit and loss account in other administrative expenses.

Employee benefits

When employees have rendered service to the company, short-term employee benefits to which the employees are entitled are recognised at the undiscounted amount expected to be paid in exchange for that service.

The company operates a defined contribution plan for the benefit of its employees. Contributions are expensed as they become payable.

Going concern

The financial statements have been prepared on a going concern basis. Although the company continues to incur trading losses, it maintains significant cash reserves and a strong net current asset position. The directors have also considered the continued availability of financial support from the wider group.

Having assessed the company's financial position and future trading expectations, the directors are satisfied that the company has adequate resources to continue operating for at least twelve months from the date of approval of these financial statements.

3.	EMPLOYEES AND DIRECTORS

The average number of employees during the year was 5 (2025 - 5 ) .

4.	TANGIBLE FIXED ASSETS

Plant and

machinery

etc

£

COST

At 1 February 2025

100,604

Additions

775

At 31 January 2026

101,379

DEPRECIATION

At 1 February 2025

65,427

Charge for year

10,263

At 31 January 2026

75,690

NET BOOK VALUE

At 31 January 2026

25,689

At 31 January 2025

35,177

5.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2026

2025

£

£

Trade debtors

59,116

47,787

Other debtors

14,984

12,419

74,100

60,206

6.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2026

2025

£

£

Trade creditors

48,051

43,242

Taxation and social security

4,337

2,815

Other creditors

14,257

13,779

66,645

59,836

7.	LEASING AGREEMENTS

Minimum lease payments under non-cancellable operating leases fall due as follows:

2026

2025

£

£

Within one year

36,000

36,000

Between one and five years

75,000

111,000

111,000

147,000

8.	CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:

Number:

Class:

Nominal

2026

2025

value:

£

£

6,000

Ordinary

£1

6,000

6,000

4,000

Ordinary A

£1

4,000

4,000

300

Ordinary B

£1

300

300

10,300

10,300

9.	DISCLOSURE UNDER SECTION 444(5B) OF THE COMPANIES ACT 2006

The Report of the Auditors was unqualified.

Luke Harris ACCA (Senior Statutory Auditor)

for and on behalf of Streets Audit LLP

10.	ULTIMATE CONTROLLING PARTY

The directors consider Colthurst Limited, a private company incorporated in the British Virgin Islands to be the company's ultimate parent company. The company's immediate parent company is Octavian International Limited, a private company based in the British Virgin Islands.