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REGISTERED NUMBER: 02762910 (England and Wales)















REPORT OF THE DIRECTOR AND

FINANCIAL STATEMENTS FOR THE YEAR ENDED 30 NOVEMBER 2021

FOR

WOODSTOCK (SOUTH WEST) LIMITED

WOODSTOCK (SOUTH WEST) LIMITED (REGISTERED NUMBER: 02762910)






CONTENTS OF THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 NOVEMBER 2021




Page

Company Information 1

Report of the Director 2

Report of the Independent Auditors 4

Income Statement 8

Balance Sheet 9

Notes to the Financial Statements 10


WOODSTOCK (SOUTH WEST) LIMITED

COMPANY INFORMATION
FOR THE YEAR ENDED 30 NOVEMBER 2021







DIRECTOR: R Williams





REGISTERED OFFICE: Boyce's Building
40-42 Regent Street
Clifton
Bristol
BS8 4HU





REGISTERED NUMBER: 02762910 (England and Wales)





AUDITORS: Lawes & Co UK Limited (Statutory Auditors)
Boyce's Building
40-42 Regent Street
Clifton
Bristol
BS8 4HU

WOODSTOCK (SOUTH WEST) LIMITED (REGISTERED NUMBER: 02762910)

REPORT OF THE DIRECTOR
FOR THE YEAR ENDED 30 NOVEMBER 2021

The director presents his report with the financial statements of the company for the year ended 30 November 2021.

PRINCIPAL ACTIVITY
The principal activity of the company in the year under review was that of contract management and building refurbishment contractors.

DIRECTOR
R Williams held office during the whole of the period from 1 December 2020 to the date of this report.

GOING CONCERN
There is currently significant uncertainty in the UK economy due to the worldwide Coronavirus pandemic. However, all reasonable steps have been taken to ensure the company is able to continue through the uncertainty and for a period of at least 12 months. As a result, it is considered appropriate to continue preparing the accounts on a going concern basis.

STATEMENT OF DIRECTOR'S RESPONSIBILITIES
The director is responsible for preparing the Report of the Director and the financial statements in accordance with applicable law and regulations.

Company law requires the director to prepare financial statements for each financial year. Under that law the director has elected to prepare the financial statements in accordance with United Kingdom Generally Accepted Accounting Practice (United Kingdom Accounting Standards and applicable law). Under company law the director must not approve the financial statements unless he is satisfied that they give a true and fair view of the state of affairs of the company and of the profit or loss of the company for that period. In preparing these financial statements, the director is required to:

-select suitable accounting policies and then apply them consistently;
-make judgements and accounting estimates that are reasonable and prudent;
-prepare the financial statements on the going concern basis unless it is inappropriate to presume that the company will continue in business.

The director is responsible for keeping adequate accounting records that are sufficient to show and explain the company's transactions and disclose with reasonable accuracy at any time the financial position of the company and enable him to ensure that the financial statements comply with the Companies Act 2006. He is also responsible for safeguarding the assets of the company and hence for taking reasonable steps for the prevention and detection of fraud and other irregularities.

STATEMENT AS TO DISCLOSURE OF INFORMATION TO AUDITORS
So far as the director is aware, there is no relevant audit information (as defined by Section 418 of the Companies Act 2006) of which the company's auditors are unaware, and he has taken all the steps that he ought to have taken as a director in order to make himself aware of any relevant audit information and to establish that the company's auditors are aware of that information.

AUDITORS
The auditors, Lawes & Co UK Limited (Statutory Auditors), will be proposed for re-appointment at the forthcoming Annual General Meeting.


WOODSTOCK (SOUTH WEST) LIMITED (REGISTERED NUMBER: 02762910)

REPORT OF THE DIRECTOR
FOR THE YEAR ENDED 30 NOVEMBER 2021

This report has been prepared in accordance with the provisions of Part 15 of the Companies Act 2006 relating to small companies.

ON BEHALF OF THE BOARD:





R Williams - Director


10 August 2022

REPORT OF THE INDEPENDENT AUDITORS TO THE MEMBERS OF
WOODSTOCK (SOUTH WEST) LIMITED

Opinion
We have audited the financial statements of Woodstock (South West) Limited (the 'company') for the year ended 30 November 2021 which comprise the Income Statement, Balance Sheet and Notes to the Financial Statements, including a summary of significant accounting policies. The financial reporting framework that has been applied in their preparation is applicable law and United Kingdom Accounting Standards, including Financial Reporting Standard 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland' (United Kingdom Generally Accepted Accounting Practice).

In our opinion the financial statements:
-give a true and fair view of the state of the company's affairs as at 30 November 2021 and of its profit for the year then ended;
-have been properly prepared in accordance with United Kingdom Generally Accepted Accounting Practice; and
-have been prepared in accordance with the requirements of the Companies Act 2006.

Basis for opinion
We conducted our audit in accordance with International Standards on Auditing (UK) (ISAs (UK)) and applicable law. Our responsibilities under those standards are further described in the Auditors' responsibilities for the audit of the financial statements section of our report. We are independent of the company in accordance with the ethical requirements that are relevant to our audit of the financial statements in the UK, including the FRC's Ethical Standard, and we have fulfilled our other ethical responsibilities in accordance with these requirements. We believe that the audit evidence we have obtained is sufficient and appropriate to provide a basis for our opinion.

Conclusions relating to going concern
In auditing the financial statements, we have concluded that the director's use of the going concern basis of accounting in the preparation of the financial statements is appropriate.

Based on the work we have performed, we have not identified any material uncertainties relating to events or conditions that, individually or collectively, may cast significant doubt on the company's ability to continue as a going concern for a period of at least twelve months from when the financial statements are authorised for issue.

Our responsibilities and the responsibilities of the director with respect to going concern are described in the relevant sections of this report.

Other information
The director is responsible for the other information. The other information comprises the information in the Report of the Director, but does not include the financial statements and our Report of the Auditors thereon.

Our opinion on the financial statements does not cover the other information and, except to the extent otherwise explicitly stated in our report, we do not express any form of assurance conclusion thereon.

In connection with our audit of the financial statements, our responsibility is to read the other information and, in doing so, consider whether the other information is materially inconsistent with the financial statements or our knowledge obtained in the audit or otherwise appears to be materially misstated. If we identify such material inconsistencies or apparent material misstatements, we are required to determine whether this gives rise to a material misstatement in the financial statements themselves. If, based on the work we have performed, we conclude that there is a material misstatement of this other information, we are required to report that fact. We have nothing to report in this regard.

REPORT OF THE INDEPENDENT AUDITORS TO THE MEMBERS OF
WOODSTOCK (SOUTH WEST) LIMITED


Opinions on other matters prescribed by the Companies Act 2006
In our opinion, based on the work undertaken in the course of the audit:
- the information given in the Report of the Director for the financial year for which the financial statements are prepared is consistent with the financial statements; and
- the Report of the Director has been prepared in accordance with applicable legal requirements.

Matters on which we are required to report by exception
In the light of the knowledge and understanding of the company and its environment obtained in the course of the audit, we have not identified material misstatements in the Report of the Director.

We have nothing to report in respect of the following matters where the Companies Act 2006 requires us to report to you if, in our opinion:
- adequate accounting records have not been kept, or returns adequate for our audit have not been received from branches not visited by us; or
- the financial statements are not in agreement with the accounting records and returns; or
- certain disclosures of director's remuneration specified by law are not made; or
- we have not received all the information and explanations we require for our audit; or
- the director was not entitled to prepare the financial statements in accordance with the small companies regime and take advantage of the small companies' exemption from the requirement to prepare a Strategic Report or in preparing the Report of the Director.

Responsibilities of director
As explained more fully in the Statement of Director's Responsibilities set out on page two, the director is responsible for the preparation of the financial statements and for being satisfied that they give a true and fair view, and for such internal control as the director determines necessary to enable the preparation of financial statements that are free from material misstatement, whether due to fraud or error.

In preparing the financial statements, the director is responsible for assessing the company's ability to continue as a going concern, disclosing, as applicable, matters related to going concern and using the going concern basis of accounting unless the director either intends to liquidate the company or to cease operations, or has no realistic alternative but to do so.

REPORT OF THE INDEPENDENT AUDITORS TO THE MEMBERS OF
WOODSTOCK (SOUTH WEST) LIMITED


Auditors' responsibilities for the audit of the financial statements
Our objectives are to obtain reasonable assurance about whether the financial statements as a whole are free from material misstatement, whether due to fraud or error, and to issue a Report of the Auditors that includes our opinion. Reasonable assurance is a high level of assurance, but is not a guarantee that an audit conducted in accordance with ISAs (UK) will always detect a material misstatement when it exists. Misstatements can arise from fraud or error and are considered material if, individually or in the aggregate, they could reasonably be expected to influence the economic decisions of users taken on the basis of these financial statements.

The extent to which our procedures are capable of detecting irregularities, including fraud is detailed below:

Based on our understanding of the Company and industry, we identified that the principal risks of non-compliance with laws and regulations related to employment laws and indirect taxes impacting the different territories, and we considered the extent to which non-compliance might have a material effect on the financial statements. We also considered those laws and regulations that have a direct impact on the preparation of the financial statements such as the Companies Act 2006. We evaluated management's incentives and opportunities for fraudulent manipulation of the financial statements (including the risk of override of controls), and determined that the principal risks were related to posting inappropriate journal entries to achieve desired financial results and the manipulation of stock values and management bias in accounting estimates. Furthermore, the additional pressures from the Covid-19 pandemic are considered to have inherently increased the overall risks. Audit procedures performed by the engagement team included, but were not limited to:

- enquiries with management, internal audit and the Company's legal counsel (internal and, where relevant, external), including consideration of known or suspected instances of fraud and non-compliance with laws and regulations and examining supporting calculations where a provision has been made in respect of these;
- reading key correspondence with regulatory authorities in relation to compliance with certain employment laws and indirect tax matters;
- understanding and evaluating the design and implementation of management's controls designed to prevent and detect irregularities;
- challenging assumptions and judgements made by management in their significant accounting estimates, in particular, in relation to stock values and stock provisions;
- identifying and testing journal entries, in particular any journal entries posted with unusual account combinations and postings by unusual users.

There are inherent limitations in the audit procedures described above and the further removed non-compliance with laws and regulations is from the events and transactions reflected in the financial statements, the less likely we would become aware of it. Also, the risk of not detecting a material misstatement due to fraud is higher than the risk of not detecting one resulting from error, as fraud may involve deliberate concealment by, for example, forgery or intentional misrepresentations, or through collusion.

A further description of our responsibilities for the audit of the financial statements is located on the Financial Reporting Council's website at www.frc.org.uk/auditorsresponsibilities. This description forms part of our Report of the Auditors.

REPORT OF THE INDEPENDENT AUDITORS TO THE MEMBERS OF
WOODSTOCK (SOUTH WEST) LIMITED


Use of our report
This report is made solely to the company's members, as a body, in accordance with Chapter 3 of Part 16 of the Companies Act 2006. Our audit work has been undertaken so that we might state to the company's members those matters we are required to state to them in a Report of the Auditors and for no other purpose. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than the company and the company's members as a body, for our audit work, for this report, or for the opinions we have formed.




Paul Freeman BA FCA FCCA (Senior Statutory Auditor)
for and on behalf of Lawes & Co UK Limited (Statutory Auditors)
Boyce's Building
40-42 Regent Street
Clifton
Bristol
BS8 4HU

15 August 2022

WOODSTOCK (SOUTH WEST) LIMITED (REGISTERED NUMBER: 02762910)

INCOME STATEMENT
FOR THE YEAR ENDED 30 NOVEMBER 2021

30.11.21 30.11.20
Notes £    £   

TURNOVER 1,293,425 928,145

Cost of sales 998,701 764,608
GROSS PROFIT 294,724 163,537

Administrative expenses 190,940 176,369
103,784 (12,832 )

Other operating income 22,308 24,111
OPERATING PROFIT 4 126,092 11,279

Interest receivable and similar
income

46

-
PROFIT BEFORE TAXATION 126,138 11,279

Tax on profit 24,515 (1,668 )
PROFIT FOR THE FINANCIAL YEAR 101,623 12,947

WOODSTOCK (SOUTH WEST) LIMITED (REGISTERED NUMBER: 02762910)

BALANCE SHEET
30 NOVEMBER 2021

30.11.21 30.11.20
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 5 302,455 321,679

CURRENT ASSETS
Stocks 30,614 39,757
Debtors 6 143,705 314,520
Cash at bank 681,138 658,627
855,457 1,012,904
CREDITORS
Amounts falling due within one year 7 117,385 332,991
NET CURRENT ASSETS 738,072 679,913
TOTAL ASSETS LESS CURRENT
LIABILITIES

1,040,527

1,001,592

PROVISIONS FOR LIABILITIES 10 45,301 47,989
NET ASSETS 995,226 953,603

CAPITAL AND RESERVES
Called up share capital 11 50 50
Revaluation reserve 12 235,973 235,973
Capital redemption reserve 150 150
Retained earnings 759,053 717,430
SHAREHOLDERS' FUNDS 995,226 953,603

The financial statements have been prepared in accordance with the provisions applicable to companies subject to the small companies regime.

The financial statements were approved by the director and authorised for issue on 10 August 2022 and were signed by:





R Williams - Director


WOODSTOCK (SOUTH WEST) LIMITED (REGISTERED NUMBER: 02762910)

NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 NOVEMBER 2021

1. STATUTORY INFORMATION

Woodstock (South West) 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.

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 as modified by the revaluation of certain assets.

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

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Plant and machinery - 20% on reducing balance
Fixtures and fittings - 33% on cost and 25% on reducing balance
Motor vehicles - 25% on reducing balance

Freehold property is shown at most recent valuation. Any aggregate surplus or deficit arising from changes in market value is transferred to a revaluation reserve.

Investment property
Investment property is shown at most recent valuation. Any aggregate surplus or deficit arising from changes in fair value is recognised in profit or loss.

Stocks
Work in progress is valued at the selling price of work completed but not invoiced at the year end.

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.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 6 (2020 - 7 ) .

WOODSTOCK (SOUTH WEST) LIMITED (REGISTERED NUMBER: 02762910)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 30 NOVEMBER 2021

4. OPERATING PROFIT

The operating profit is stated after charging:

30.11.21 30.11.20
£    £   
Depreciation - owned assets 849 7,224

5. TANGIBLE FIXED ASSETS
Fixtures
Freehold Plant and and Motor
property machinery fittings vehicles Totals
£    £    £    £    £   
COST OR VALUATION
At 1 December 2020 300,000 3,749 2,648 63,953 370,350
Disposals - - - (24,500 ) (24,500 )
At 30 November 2021 300,000 3,749 2,648 39,453 345,850
DEPRECIATION
At 1 December 2020 - 3,735 2,631 42,305 48,671
Charge for year - 14 17 818 849
Eliminated on disposal - - - (6,125 ) (6,125 )
At 30 November 2021 - 3,749 2,648 36,998 43,395
NET BOOK VALUE
At 30 November 2021 300,000 - - 2,455 302,455
At 30 November 2020 300,000 14 17 21,648 321,679

The freehold property was purchased for £64,027 and was revalued by the directors in the year ended 30 November 2017 to a market value of £300,000. This is considered to be a fair market value.

6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
30.11.21 30.11.20
£    £   
Trade debtors 135,905 304,738
Other debtors 7,800 9,782
143,705 314,520

WOODSTOCK (SOUTH WEST) LIMITED (REGISTERED NUMBER: 02762910)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 30 NOVEMBER 2021

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
30.11.21 30.11.20
£    £   
Trade creditors 54,272 224,385
Taxation and social security 57,759 103,835
Other creditors 5,354 4,771
117,385 332,991

8. LEASING AGREEMENTS

Minimum lease payments under non-cancellable operating leases fall due as follows:
30.11.21 30.11.20
£    £   
Within one year - 21,600

9. SECURED DEBTS

The company's overdraft facility is secured by a fixed and floating charge over the total assets of the company. The bank also have a first legal charge over the company's freehold property at 56 Franklyn Street.

10. PROVISIONS FOR LIABILITIES
30.11.21 30.11.20
£    £   
Deferred tax 45,301 47,989

Deferred
tax
£   
Balance at 1 December 2020 47,989
Provided during year (2,688 )
Balance at 30 November 2021 45,301

11. CALLED UP SHARE CAPITAL


Allotted, issued and fully paid:
Number: Class: Nominal 30.11.21 30.11.20
value: £    £   
50 Ordinary £1 50 50

WOODSTOCK (SOUTH WEST) LIMITED (REGISTERED NUMBER: 02762910)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 30 NOVEMBER 2021

12. RESERVES
Revaluation
reserve
£   
At 1 December 2020
and 30 November 2021 235,973

13. RELATED PARTY DISCLOSURES

At the year end the company owed R Williams, the company director, £21 (2020 - £21).




14. ULTIMATE CONTROLLING PARTY

The ultimate controlling party is R Williams.