Company Registration No. 08218457 (England and Wales)
Westbrook Commercials Limited
Unaudited accounts
for the year ended 30 November 2022
Westbrook Commercials Limited
Unaudited accounts
Contents
Westbrook Commercials Limited
Company Information
for the year ended 30 November 2022
Directors
Mrs Julie Johnson
Mr David Johnson
Company Number
08218457 (England and Wales)
Registered Office
20 CORFE ROAD
WILTSHIRE
SN12 6BQ
Accountants
Sunnyside Accountancy Ltd
Hazelwood House
Rood Ashton Park
West Ashton
Wiltshire
BA14 6AS
Westbrook Commercials Limited
Statement of financial position
as at 30 November 2022
Tangible assets
497,490
454,332
Cash at bank and in hand
24,371
35,071
Creditors: amounts falling due within one year
(234,620)
(103,594)
Net current assets
50,057
146,489
Total assets less current liabilities
547,547
600,821
Creditors: amounts falling due after more than one year
(461,369)
(517,254)
Provisions for liabilities
Called up share capital
2
2
Profit and loss account
8,876
83,565
Shareholders' funds
8,878
83,567
For the year ending 30 November 2022 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 and in accordance with the provisions of FRS 102 Section 1A - Small Entities. The profit and loss account has not been delivered to the Registrar of Companies.
The financial statements were approved by the Board of Directors and authorised for issue on 6 April 2023 and were signed on its behalf by
Mrs Julie Johnson
Director
Company Registration No. 08218457
Westbrook Commercials Limited
Notes to the Accounts
for the year ended 30 November 2022
Westbrook Commercials Limited is a private company, limited by shares, registered in England and Wales, registration number 08218457. The registered office is 20 CORFE ROAD, WILTSHIRE, SN12 6BQ.
2
Compliance with accounting standards
The accounts have been prepared in accordance with the provisions of FRS 102 Section 1A Small Entities. There were no material departures from that standard.
The principal accounting policies adopted in the preparation of the financial statements are set out below and have remained unchanged from the previous year, and also have been consistently applied within the same accounts.
The accounts have been prepared under the historical cost convention as modified by the revaluation of certain fixed assets.
The accounts are presented in £ sterling.
Tangible fixed assets and depreciation
Tangible assets are included at cost less depreciation and impairment. Depreciation has been provided at the following rates in order to write off the assets over their estimated useful lives:
4
Tangible fixed assets
Plant & machinery
Motor vehicles
Computer equipment
Total
Cost or valuation
At cost
At cost
At cost
At 1 December 2021
237,477
584,909
1,553
823,939
Additions
151,000
97,550
2,272
250,822
Disposals
(10,185)
(142,697)
-
(152,882)
At 30 November 2022
378,292
539,762
3,825
921,879
At 1 December 2021
104,365
263,690
1,552
369,607
Charge for the year
63,779
107,852
455
172,086
On disposals
(7,639)
(109,665)
-
(117,304)
At 30 November 2022
160,505
261,877
2,007
424,389
At 30 November 2022
217,787
277,885
1,818
497,490
At 30 November 2021
133,112
321,219
1
454,332
Westbrook Commercials Limited
Notes to the Accounts
for the year ended 30 November 2022
Amounts falling due within one year
Trade debtors
216,399
167,921
Deferred tax asset
-
16,002
Accrued income and prepayments
20,501
23,921
Other debtors
23,406
7,168
6
Creditors: amounts falling due within one year
2022
2021
Bank loans and overdrafts
10,000
11,274
Obligations under finance leases and hire purchase contracts
59,958
-
Trade creditors
64,455
27,989
Taxes and social security
8,465
8,009
Loans from directors
60,000
39,223
7
Creditors: amounts falling due after more than one year
2022
2021
Obligations under finance leases and hire purchase contracts
143,558
483,017
8
Deferred taxation
2022
2021
Accelerated capital allowances
77,300
(16,002)
Provision at start of year
(16,002)
(32,841)
Charged to the profit and loss account
93,302
16,839
Provision at end of year
77,300
(16,002)
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.
Westbrook Commercials Limited
Notes to the Accounts
for the year ended 30 November 2022
9
Average number of employees
During the year the average number of employees was 11 (2021: 10).