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Company Registration No. 03278718 (England and Wales)
Woottons Limited Unaudited accounts for the year ended 31 March 2023
Woottons Limited Unaudited accounts Contents
Page
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Woottons Limited Company Information for the year ended 31 March 2023
Director
A Wootton
Secretary
Mrs J Wootton
Company Number
03278718 (England and Wales)
Registered Office
Primary House Spring Gardens Macclesfield Cheshire SK10 2DX
Accountants
Taylor Consultancy, Chartered Certified Accountants Primary House Spring Gardens Macclesfield Cheshire SK10 2DX
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Woottons Limited Statement of financial position as at 31 March 2023
2023 
2022 
Notes
£ 
£ 
Fixed assets
Tangible assets
4,238 
3,187 
Current assets
Inventories
7,539 
6,218 
Debtors
123,366 
86,796 
Cash at bank and in hand
325,724 
89,247 
456,629 
182,261 
Creditors: amounts falling due within one year
(257,944)
(136,355)
Net current assets
198,685 
45,906 
Total assets less current liabilities
202,923 
49,093 
Creditors: amounts falling due after more than one year
(24,947)
(34,837)
Provisions for liabilities
Deferred tax
(806)
(451)
Net assets
177,170 
13,805 
Capital and reserves
Called up share capital
150 
150 
Profit and loss account
177,020 
13,655 
Shareholders' funds
177,170 
13,805 
For the year ending 31 March 2023 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 director acknowledges his 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 and authorised for issue on 2 October 2023 and were signed on its behalf by
A Wootton Director Company Registration No. 03278718
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Woottons Limited Notes to the Accounts for the year ended 31 March 2023
1
Statutory information
Woottons Limited is a private company, limited by shares, registered in England and Wales, registration number 03278718. The registered office is Primary House, Spring Gardens, Macclesfield, Cheshire, SK10 2DX.
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.
3
Accounting policies
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.
Basis of preparation
The accounts have been prepared under the historical cost convention as modified by the revaluation of certain fixed assets.
Presentation currency
The accounts are presented in £ sterling.
Turnover
Turnover represents the value, net of VAT and discounts, of goods provided to customers and work carried out in respect of services provided to customers.
Pension costs
Contributions in respect of the company's defined contribution pension scheme are charged to the profit and loss account for the year in which they are payable to the scheme. Differences between contributions payable and contributions actually paid in the year are shown as either accruals or prepayments at the year end.
Tangible fixed assets policy
Depreciation has been provided at the following rates in order to write off the assets over their estimated useful lives:
Plant & machinery
25% per annum on a reducing balance basis
Motor vehicles
25% per annum on a reducing balance basis
Stocks
Stocks and work-in-progress are valued at the lower of cost and net realisable value, after making due allowance for obsolete and slow moving items. Cost includes all direct expenditure and an appropriate proportion of fixed and variable overheads.
Deferred taxation
Deferred tax arises as a result of including items of income and expenditure in taxation computations in periods different from those in which they are included in the company's accounts. Deferred tax is provided in full on timing differences which result in an obligation to pay more (or less) tax at a future date, at the average tax rates that are expected to apply when the timing differences reverse, based on current tax rates and laws. Deferred tax is not provided on timing differences arising from the revaluation of fixed assets where there is no commitment to sell the asset. Deferred tax assets and liabilities are not discounted.
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Woottons Limited Notes to the Accounts for the year ended 31 March 2023
4
Tangible fixed assets
Plant & machinery 
Motor vehicles 
Total 
£ 
£ 
£ 
Cost or valuation
At cost 
At cost 
At 1 April 2022
44,229 
25,400 
69,629 
Additions
1,848 
- 
1,848 
At 31 March 2023
46,077 
25,400 
71,477 
Depreciation
At 1 April 2022
41,733 
24,709 
66,442 
Charge for the year
625 
172 
797 
At 31 March 2023
42,358 
24,881 
67,239 
Net book value
At 31 March 2023
3,719 
519 
4,238 
At 31 March 2022
2,496 
691 
3,187 
5
Debtors
2023 
2022 
£ 
£ 
Amounts falling due within one year
Trade debtors
122,156 
85,948 
Accrued income and prepayments
1,210 
848 
123,366 
86,796 
6
Creditors: amounts falling due within one year
2023 
2022 
£ 
£ 
Bank loans and overdrafts
9,890 
9,646 
VAT
28,850 
18,106 
Trade creditors
59,499 
16,460 
Taxes and social security
60,777 
14,510 
Other creditors
94,587 
53,436 
Loans from directors
741 
20,797 
Accruals
3,600 
3,400 
257,944 
136,355 
7
Creditors: amounts falling due after more than one year
2023 
2022 
£ 
£ 
Bank loans
24,947 
34,837 
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Woottons Limited Notes to the Accounts for the year ended 31 March 2023
8
Share capital
2023 
2022 
£ 
£ 
Allotted, called up and fully paid:
100 Ordinary shares of £1 each
100 
100 
10 A Ordinary shares of £1 each
10 
10 
10 B Ordinary shares of £1 each
10 
10 
10 C Ordinary shares of £1 each
10 
10 
10 D Ordinary shares of £1 each
10 
10 
10 E Ordinary shares of £1 each
10 
10 
150 
150 
9
Average number of employees
During the year the average number of employees was 2 (2022: 2).
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