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REGISTERED NUMBER: 05809434 (England and Wales)


















Unaudited Financial Statements

for the Year Ended 31 May 2023

for

Woods Environmental Limited

Woods Environmental Limited (Registered number: 05809434)






Contents of the Financial Statements
for the Year Ended 31 May 2023




Page

Company Information 1

Statement of Financial Position 2

Notes to the Financial Statements 4


Woods Environmental Limited

Company Information
for the Year Ended 31 May 2023







DIRECTOR: Mr K J Woods



REGISTERED OFFICE: Delmon House
36-38 Church Road
Burgess Hill
West Sussex
RH15 9AE



REGISTERED NUMBER: 05809434 (England and Wales)



ACCOUNTANTS: Sigma Partners
Delmon House
36-38 Church Road
Burgess Hill
West Sussex
RH15 9AE



BANKERS: HSBC
31 Keymer Road
Hassocks
West Sussex
BN6 8AH

Woods Environmental Limited (Registered number: 05809434)

Statement of Financial Position
31 May 2023

31.5.23 31.5.22
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 90,396 65,162

CURRENT ASSETS
Debtors 5 4,118 2,249
Cash at bank 43,385 39,687
47,503 41,936
CREDITORS
Amounts falling due within one year 6 30,139 33,208
NET CURRENT ASSETS 17,364 8,728
TOTAL ASSETS LESS CURRENT
LIABILITIES

107,760

73,890

CREDITORS
Amounts falling due after more than one
year

7

(84,246

)

(56,321

)

PROVISIONS FOR LIABILITIES (17,175 ) (12,381 )
NET ASSETS 6,339 5,188

CAPITAL AND RESERVES
Called up share capital 100 100
Retained earnings 6,239 5,088
SHAREHOLDERS' FUNDS 6,339 5,188

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 May 2023.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 May 2023 in accordance with Section 476 of the Companies Act 2006.

The director acknowledges his 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.

Woods Environmental Limited (Registered number: 05809434)

Statement of Financial Position - continued
31 May 2023


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 director and authorised for issue on 21 September 2023 and were signed by:





Mr K J Woods - Director


Woods Environmental Limited (Registered number: 05809434)

Notes to the Financial Statements
for the Year Ended 31 May 2023

1. STATUTORY INFORMATION

Woods Environmental 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 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 or, if held under a finance lease, over the lease term, whichever is the shorter.
Plant and machinery - 25% on reducing balance
Computer equipment - 25% on cost

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 statement of financial position date.

Deferred tax
Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the statement of financial position 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.

Woods Environmental Limited (Registered number: 05809434)

Notes to the Financial Statements - continued
for the Year Ended 31 May 2023

2. ACCOUNTING POLICIES - continued

Hire purchase and leasing commitments
Assets obtained under hire purchase contracts or finance leases are capitalised in the balance sheet. Those held under hire purchase contracts are depreciated over their estimated useful lives. Those held under finance leases are depreciated over their estimated useful lives or the lease term, whichever is the shorter.

The interest element of these obligations is charged to profit or loss over the relevant period. The capital element of the future payments is treated as a liability.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 2 (2022 - 2 ) .

4. TANGIBLE FIXED ASSETS
Plant and
machinery
etc
£   
COST
At 1 June 2022 190,052
Additions 55,367
At 31 May 2023 245,419
DEPRECIATION
At 1 June 2022 124,890
Charge for year 30,133
At 31 May 2023 155,023
NET BOOK VALUE
At 31 May 2023 90,396
At 31 May 2022 65,162

Woods Environmental Limited (Registered number: 05809434)

Notes to the Financial Statements - continued
for the Year Ended 31 May 2023

4. TANGIBLE FIXED ASSETS - continued

Fixed assets, included in the above, which are held under hire purchase contracts are as follows:

Plant and
machinery
etc
£   
COST
At 1 June 2022 159,656
Additions 54,870
Transfer to ownership (70,500 )
At 31 May 2023 144,026
DEPRECIATION
At 1 June 2022 100,765
Charge for year 28,440
Transfer to ownership (55,164 )
At 31 May 2023 74,041
NET BOOK VALUE
At 31 May 2023 69,985
At 31 May 2022 58,891

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.5.23 31.5.22
£    £   
Trade debtors 1,020 -
Other debtors 3,098 2,249
4,118 2,249

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.5.23 31.5.22
£    £   
Bank loans and overdrafts 8,710 2,887
Hire purchase contracts 19,771 13,151
Taxation and social security (386 ) 15,491
Other creditors 2,044 1,679
30,139 33,208

Woods Environmental Limited (Registered number: 05809434)

Notes to the Financial Statements - continued
for the Year Ended 31 May 2023

7. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN
ONE YEAR
31.5.23 31.5.22
£    £   
Bank loans 33,462 37,820
Hire purchase contracts 50,784 18,501
84,246 56,321

Amounts falling due in more than five years:

Repayable by instalments
Bank loans more 5 yr by instal 11,474 17,288

8. ULTIMATE CONTROLLING PARTY

The ultimate controlling party is Mr K J Woods.