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REGISTERED NUMBER: 03085134 (England and Wales)















Unaudited Financial Statements for the Year Ended 30 June 2021

for

Woodrow Morris Limited

Woodrow Morris Limited (Registered number: 03085134)






Contents of the Financial Statements
for the Year Ended 30 June 2021




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


Woodrow Morris Limited

Company Information
for the Year Ended 30 June 2021







DIRECTORS: S D Morris
C E Symonds





SECRETARY: S D Morris





REGISTERED OFFICE: Gowran House
56 Broad Street
Chipping Sodbury
Bristol
BS37 6AG





REGISTERED NUMBER: 03085134 (England and Wales)





ACCOUNTANTS: R A Leslie & Co. LLP
Chartered Accountants
Gowran House
56 Broad Street
Chipping Sodbury
Bristol
BS37 6AG

Woodrow Morris Limited (Registered number: 03085134)

Balance Sheet
30 June 2021

30.6.21 30.6.20
Notes £    £    £    £   
FIXED ASSETS
Intangible assets 4 12,500 12,500
Tangible assets 5 - -
12,500 12,500

CURRENT ASSETS
Stocks 6 25,000 -
Debtors 7 18,348 15,256
Cash at bank 1,186 8,553
44,534 23,809
CREDITORS
Amounts falling due within one year 8 40,327 38,592
NET CURRENT ASSETS/(LIABILITIES) 4,207 (14,783 )
TOTAL ASSETS LESS CURRENT
LIABILITIES

16,707

(2,283

)

CREDITORS
Amounts falling due after more than one
year

9

16,500

-
NET ASSETS/(LIABILITIES) 207 (2,283 )

CAPITAL AND RESERVES
Called up share capital 100 100
Retained earnings 107 (2,383 )
SHAREHOLDERS' FUNDS 207 (2,283 )

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 30 June 2021.

The members have not required the company to obtain an audit of its financial statements for the year ended 30 June 2021 in accordance with Section 476 of the Companies Act 2006.

The directors acknowledge their responsibilities for:
(a)ensuring that the company keeps accounting records which comply with Sections 386 and 387 of the Companies Act 2006 and
(b)preparing financial statements which give a true and fair view of the state of affairs of the company as at the end of each financial year and of its profit or loss for each financial year in accordance with the requirements of Sections 394 and 395 and which otherwise comply with the requirements of the Companies Act 2006 relating to financial statements, so far as applicable to the company.

Woodrow Morris Limited (Registered number: 03085134)

Balance Sheet - continued
30 June 2021


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 1 August 2022 and were signed on its behalf by:





S D Morris - Director


Woodrow Morris Limited (Registered number: 03085134)

Notes to the Financial Statements
for the Year Ended 30 June 2021

1. STATUTORY INFORMATION

Woodrow Morris 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.

Turnover
Turnover represents net invoiced sales of services, excluding value added tax.

Goodwill
Goodwill, being the amount paid in connection with the acquisition of a business in 2012, is being amortised evenly over its estimated useful life of twelve years, but as it is considered to be valued in excess of £12500, the charge has been suspended for the time being.

Intangible assets
Intangible assets are initially measured at cost. After initial recognition, intangible assets are measured at cost less any accumulated amortisation and any accumulated impairment losses.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Equipment - fully depreciated

Stocks
Stocks are valued at the lower of cost and net realisable value, after making due allowance for obsolete and slow moving items.

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.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 4 (2020 - 4 ) .

Woodrow Morris Limited (Registered number: 03085134)

Notes to the Financial Statements - continued
for the Year Ended 30 June 2021

4. INTANGIBLE FIXED ASSETS
Goodwill
£   
COST
At 1 July 2020
and 30 June 2021 50,000
AMORTISATION
At 1 July 2020
and 30 June 2021 37,500
NET BOOK VALUE
At 30 June 2021 12,500
At 30 June 2020 12,500

Acquired from S D Morris at market value on 1 January 2012, operated on a self-employed basis since 01/05/05.

5. TANGIBLE FIXED ASSETS
Equipment
£   
COST
At 1 July 2020
and 30 June 2021 10,518
DEPRECIATION
At 1 July 2020
and 30 June 2021 10,518
NET BOOK VALUE
At 30 June 2021 -
At 30 June 2020 -

6. STOCKS
30.6.21 30.6.20
£    £   
Stock and work in progress 25,000 -

7. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
30.6.21 30.6.20
£    £   
Sundry debtors and prepayments 12,367 7,245
Directors' current accounts 5,981 8,011
18,348 15,256

Woodrow Morris Limited (Registered number: 03085134)

Notes to the Financial Statements - continued
for the Year Ended 30 June 2021

8. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
30.6.21 30.6.20
£    £   
Bank loans and overdrafts 10,892 4,420
Trade creditors and accruals 15,087 18,827
Corporation tax 9,155 4,394
Social security and other taxes 5,193 10,951
40,327 38,592

9. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
30.6.21 30.6.20
£    £   
Bank loans 16,500 -

10. RELATED PARTY DISCLOSURES

The company is under the control of the directors who owe £5,981 to the company at 30/06/21. (2020: £8,011).