Westfield Services (UK) Limited - Accounts to registrar (filleted) - small 22.3

REGISTERED NUMBER: 02244439 (England and Wales)

FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 DECEMBER 2021

FOR

WESTFIELD SERVICES (UK) LIMITED

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

3

DIRECTORS:

M D Cieply

D Jasper

P Perkins

SECRETARY:

P Perkins

REGISTERED OFFICE:

Sovereign House

Pennine View

Birstall

West Yorkshire

WF17 9NF

REGISTERED NUMBER:

02244439 (England and Wales)

AUDITORS:

Sedulo Audit Limited

Statutory Auditors

Regency Court

62-66 Deansgate

Manchester

M3 2EN

BANKERS:

Yorkshire Bank PLC

86a Queen Street

Morley

Leeds

West Yorkshire

LS27 9BU

FIXED ASSETS

Tangible assets

4

4,515

5,293

CURRENT ASSETS

Stocks

148,466

135,162

Debtors

5

1,063,865

1,057,453

Cash at bank and in hand

1,423,279

1,284,934

2,635,610

2,477,549

CREDITORS

Amounts falling due within one year

6

356,493

435,050

NET CURRENT ASSETS

2,279,117

2,042,499

TOTAL ASSETS LESS CURRENT LIABILITIES

2,283,632

2,047,792

CAPITAL AND RESERVES

Called up share capital

60,000

60,000

Retained earnings

2,223,632

1,987,792

SHAREHOLDERS' FUNDS

2,283,632

2,047,792

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 Board of Directors and authorised for issue on 25 October 2022 and were signed on its behalf by:

D Jasper - Director

M D Cieply - Director

1.	STATUTORY INFORMATION

Westfield Services (UK) 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 principal activities of the company in the year under review were that of the supply, installation and repair of petrol pumps and tanks, including the statutory testing and maintenance of fuel and electrical installations, building contractors, contract maintenance services and the supply and installation of barrier systems.

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.

At the time of signing these accounts, having considered the economic climate, the Directors expectations and intentions for the next twelve months, and the availability of working capital, the Directors are of the opinion that the Company will remain viable for the foreseeable future and therefore these Financial Statements have been prepared on the Going Concern basis.

Preparation of consolidated financial statements

The company's parent undertaking, Turton Group Trading Limited, whose registered office is Sovereign House, Pennine View, Birstall, WF17 9NF prepares consolidated financial statements of which this company is a member.

Turnover

Turnover represents net invoiced sales of goods and services, excluding value added tax, as adjusted for the effect of revenue recognition.

In respect of service contracts turnover is recognised when the right to consideration has been obtained through performance under each contract. Consideration accrues as contract activity progresses by reference to the value of the work performed.

Retentions are accounted for when received.

Tangible fixed assets

Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.

Improvements to property

-

5% on reducing balance

Plant and machinery

-

25% on reducing balance

Fixtures and fittings

-

15% on reducing balance

Computer equipment

-

10% on reducing balance

Stocks

Stock and work in progress is valued at the lower of cost and net realisable value, after making due allowance for obsolete and slow moving items and any appropriate provision for losses.

Cost includes all direct expenditure and an appropriate proportion of fixed and variable overheads.

Taxation

Taxation for the year comprises current and deferred tax. Tax is recognised in the Income Statement, 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

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.

Deferred taxation

Deferred tax is provided in full on timing differences which result in an obligation at the balance sheet date to pay more tax, or a right to pay less tax, at a future date, at rates expected to apply when they crystallise based on current tax rates and law. Timing differences arise from the inclusion of items of income and expenditure in taxation computations in periods different from those in which they are included in financial statements. Deferred tax assets and liabilities are not discounted.

Research and development

Research and development expenditure is charged to the profit and loss account as incurred.

3.	EMPLOYEES AND DIRECTORS

The average number of employees during the year was 27 (2020 - 27 ) .

4.	TANGIBLE FIXED ASSETS

Improvements

Fixtures

to

Plant and

and

Computer

property

machinery

fittings

equipment

Totals

£

£

£

£

£

COST

At 1 January 2021

and 31 December 2021

38,611

107,732

1,939

30,564

178,846

DEPRECIATION

At 1 January 2021

36,365

105,331

1,916

29,941

173,553

Charge for year

112

600

3

63

778

At 31 December 2021

36,477

105,931

1,919

30,004

174,331

NET BOOK VALUE

At 31 December 2021

2,134

1,801

20

560

4,515

At 31 December 2020

2,246

2,401

23

623

5,293

5.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2021

2020

£

£

Trade debtors

1,027,570

1,016,782

Other debtors

30,377

33,143

Prepayments

5,918

7,528

1,063,865

1,057,453

6.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2021

2020

£

£

Trade creditors

102,940

141,946

Amounts owed to group undertakings

4,698

4,102

Taxation and social security

184,606

270,359

Other creditors

64,249

18,643

356,493

435,050

RETENTION OF TITLE

Certain trade creditors have supplied goods under terms which include a retention of title clause. In view of the nature of this security and as the liability is cleared in the normal course of business, it is not considered practical to quantify the amount involved.

7.	LEASING AGREEMENTS

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

2021

2020

£

£

Within one year

15,158

35,700

Between one and five years

3,498

23,336

18,656

59,036

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

The Report of the Auditors was unqualified.

Gavin Bell (Senior Statutory Auditor)

for and on behalf of Sedulo Audit Limited

9.	RELATED PARTY DISCLOSURES

Related party exemption

The company has taken advantage of exemption, under the terms of Financial Reporting Standard 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland', not to disclose related party transactions with wholly owned subsidiaries within the group.

Transactions between group entities which have been eliminated on consolidation are not disclosed within the financial statements.