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REGISTERED NUMBER: 11074364 (England and Wales)















Financial Statements for the Year Ended 31st January 2023

for

WOODCROSS STORE LTD

WOODCROSS STORE LTD (Registered number: 11074364)

Contents of the Financial Statements
for the Year Ended 31st January 2023










Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


WOODCROSS STORE LTD

Company Information
for the Year Ended 31st January 2023







DIRECTOR: MR S KHUNKHUN





SECRETARY:





REGISTERED OFFICE: 9 Jhonson Street
Wolverhampton
West Midlands
WV14 9RL





REGISTERED NUMBER: 11074364 (England and Wales)





ACCOUNTANT: A K & Co Accountants
732 Walsall Road
Great Barr
Birmingham
West Midlands
B42 1EX

WOODCROSS STORE LTD (Registered number: 11074364)

Balance Sheet
31st January 2023

31.1.23 31.1.22
Notes £    £    £    £   
FIXED ASSETS
Property, plant and equipment 4 20,396 22,663

CURRENT ASSETS
Inventories 5 80,443 81,112
Debtors 6 4,897 4,974
Cash at bank and in hand 23,885 25,296
109,225 111,382
CREDITORS
Amounts falling due within one year 7 34,017 35,221
NET CURRENT ASSETS 75,208 76,161
TOTAL ASSETS LESS CURRENT LIABILITIES 95,604 98,824

CREDITORS
Amounts falling due after more than one
year

8

40,556

50,000
NET ASSETS 55,048 48,824

CAPITAL AND RESERVES
Called up share capital 10 1 1
Retained earnings 11 55,047 48,823
SHAREHOLDERS' FUNDS 55,048 48,824

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

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

The director acknowledges her 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.

WOODCROSS STORE LTD (Registered number: 11074364)

Balance Sheet - continued
31st January 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 16th July 2023 and were signed by:





MR S KHUNKHUN - Director


WOODCROSS STORE LTD (Registered number: 11074364)

Notes to the Financial Statements
for the Year Ended 31st January 2023


1. STATUTORY INFORMATION

WOODCROSS STORE LTD 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
Revenue 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.

Fixtures and fittings 15% pa on reducing balance

Motor vehicle 25% pa on reducing balance

Stocks
Inventories 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.

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.

WOODCROSS STORE LTD (Registered number: 11074364)

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


3. EMPLOYEES AND DIRECTORS

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

4. PROPERTY, PLANT AND EQUIPMENT
Fixtures
and Motor
fittings vehicles Totals
£    £    £   
COST
At 1st February 2022
and 31st January 2023 25,608 5,500 31,108
DEPRECIATION
At 1st February 2022 6,178 2,267 8,445
Charge for year 1,782 485 2,267
At 31st January 2023 7,960 2,752 10,712
NET BOOK VALUE
At 31st January 2023 17,648 2,748 20,396
At 31st January 2022 19,430 3,233 22,663

5. INVENTORIES
31.1.23 31.1.22
£    £   
Stocks 80,443 81,112

6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.1.23 31.1.22
£    £   
Trade debtors 1,897 1,974
Prepayments and accrued income 3,000 3,000
4,897 4,974

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.1.23 31.1.22
£    £   
Trade creditors 13,077 14,443
Tax 1,992 4,236
Social security and other taxes 4,617 2,211
Directors' current accounts 12,881 12,881
Accrued expenses 1,450 1,450
34,017 35,221

WOODCROSS STORE LTD (Registered number: 11074364)

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


8. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR
31.1.23 31.1.22
£    £   
Other loans (see note 9) 40,556 50,000

9. LOANS

An analysis of the maturity of loans is given below:

31.1.23 31.1.22
£    £   
Amounts falling due between one and two years:
Other loans - 1-2 years 40,556 50,000

10. CALLED UP SHARE CAPITAL


Allotted, issued and fully paid:
Number: Class: Nominal 31.1.23 31.1.22
value: £    £   
1 ordinary share capital £1 1 1

1 ordinary share capital share of £1 was allotted and fully paid for cash at par during the year.

11. RESERVES
Retained
earnings
£   

At 1st February 2022 48,823
Profit for the year 6,224
At 31st January 2023 55,047