Silverfin false 31/01/2023 10/01/2022 31/01/2023 F C Woodman 10/01/2022 M Woodman 10/01/2022 06 October 2023 The principal activity of the Company during the financial year was to provide management consultancy activities other than financial management.

The company was incorporated on 10 January 2022 and commenced to trade the same day.
13839055 2023-01-31 13839055 bus:Director1 2023-01-31 13839055 bus:Director2 2023-01-31 13839055 core:CurrentFinancialInstruments 2023-01-31 13839055 core:ShareCapital 2023-01-31 13839055 core:RetainedEarningsAccumulatedLosses 2023-01-31 13839055 core:OtherPropertyPlantEquipment 2022-01-09 13839055 2022-01-09 13839055 core:OtherPropertyPlantEquipment 2023-01-31 13839055 core:DeferredTaxation 2022-01-09 13839055 core:DeferredTaxation 2023-01-31 13839055 core:AcceleratedTaxDepreciationDeferredTax 2023-01-31 13839055 bus:OrdinaryShareClass1 2023-01-31 13839055 bus:OrdinaryShareClass2 2023-01-31 13839055 2022-01-10 2023-01-31 13839055 bus:FullAccounts 2022-01-10 2023-01-31 13839055 bus:SmallEntities 2022-01-10 2023-01-31 13839055 bus:AuditExemptWithAccountantsReport 2022-01-10 2023-01-31 13839055 bus:PrivateLimitedCompanyLtd 2022-01-10 2023-01-31 13839055 bus:Director1 2022-01-10 2023-01-31 13839055 bus:Director2 2022-01-10 2023-01-31 13839055 core:OtherPropertyPlantEquipment core:TopRangeValue 2022-01-10 2023-01-31 13839055 core:OtherPropertyPlantEquipment 2022-01-10 2023-01-31 13839055 core:DeferredTaxation 2022-01-10 2023-01-31 13839055 bus:OrdinaryShareClass1 2022-01-10 2023-01-31 13839055 bus:OrdinaryShareClass2 2022-01-10 2023-01-31 iso4217:GBP xbrli:pure xbrli:shares

Company No: 13839055 (England and Wales)

WOODMAN-STEWART LIMITED

Unaudited Financial Statements
For the financial period from 10 January 2022 to 31 January 2023
Pages for filing with the registrar

WOODMAN-STEWART LIMITED

Unaudited Financial Statements

For the financial period from 10 January 2022 to 31 January 2023

Contents

WOODMAN-STEWART LIMITED

BALANCE SHEET

As at 31 January 2023
WOODMAN-STEWART LIMITED

BALANCE SHEET (continued)

As at 31 January 2023
Note 31.01.2023
£
Fixed assets
Tangible assets 4 4,477
4,477
Current assets
Debtors 5 722
Cash at bank and in hand 68,729
69,451
Creditors: amounts falling due within one year 6 ( 17,831)
Net current assets 51,620
Total assets less current liabilities 56,097
Provision for liabilities 7 ( 1,119)
Net assets 54,978
Capital and reserves
Called-up share capital 8 100
Profit and loss account 54,878
Total shareholders' funds 54,978

For the financial period ending 31 January 2023 the Company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

Directors' responsibilities:

The financial statements of Woodman-Stewart Limited (registered number: 13839055) were approved and authorised for issue by the Director on 06 October 2023. They were signed on its behalf by:

F C Woodman
Director
WOODMAN-STEWART LIMITED

NOTES TO THE FINANCIAL STATEMENTS

For the financial period from 10 January 2022 to 31 January 2023
WOODMAN-STEWART LIMITED

NOTES TO THE FINANCIAL STATEMENTS

For the financial period from 10 January 2022 to 31 January 2023
1. Accounting policies

The principal accounting policies are summarised below. They have all been applied consistently throughout the financial period, unless otherwise stated.

General information and basis of accounting

Woodman-Stewart Limited (the Company) is a private company, limited by shares, incorporated in the United Kingdom under the Companies Act 2006 and is registered in England and Wales. The address of the Company's registered office is 7 Oakhill Road, Beckenham, BR3 6NG, England, United Kingdom.

The financial statements have been prepared under the historical cost convention, modified to include certain items at fair value, and in accordance with Section 1A of Financial Reporting Standard 102 (FRS 102) ‘The Financial Reporting Standard applicable in the UK and Republic of Ireland’ issued by the Financial Reporting Council and the requirements of the Companies Act 2006 as applicable to companies subject to the small companies regime.

The financial statements are presented in pounds sterling which is the functional currency of the Company and rounded to the nearest £.

Going concern

The directors have assessed the Balance Sheet and likely future cash flows at the date of approving these financial statements. The directors have a reasonable expectation that the Company has adequate resources to continue in operational existence and to meet its financial obligations as they fall due for at least 12 months from the date of signing these financial statements. Accordingly, they continue to adopt the going concern basis in preparing the financial statements.

Reporting period length

The company is preparing accounts for a long period covering from incorporation to its year end.

Turnover

Turnover is recognised at the fair value of the consideration received or receivable for goods and services provided in the normal course of business, and is shown net of VAT and other sales related taxes. The fair value of consideration takes into account trade discounts, settlement discounts and volume rebates.

Turnover is recognised when the significant risks and rewards are considered to have been transferred to the customer.

Taxation

Current tax
Current tax is provided at amounts expected to be paid (or recoverable) using the tax rates and laws that have been enacted or substantively enacted at the Balance Sheet date.

Tangible fixed assets

Tangible fixed assets are stated at cost or valuation, net of depreciation and any provision for impairment. Depreciation is provided on all tangible fixed assets, other than investment property and freehold land, at rates calculated to write off the cost or valuation, less estimated residual value, of each asset on a straight-line or reducing balance basis over its expected useful life, as follows:

Plant and machinery etc. 5 years straight line

Residual value represents the estimated amount which would currently be obtained from disposal of an asset, after deducting estimated costs of disposal, if the asset were already of the age and in the condition expected at the end of its useful life.

The gain or loss arising on the disposal of an asset is determined as the difference between the sale proceeds and the carrying value of the asset, and is credited or charged to profit or loss.

Trade and other debtors

Trade and other debtors are initially recognised at fair value and thereafter stated at amortised cost using the effective interest method less impairment losses for bad and doubtful debts, except where the effect of discounting would be immaterial. In such cases the debtors are stated at cost less impairment losses for bad and doubtful debts.

Cash and cash equivalents

Cash and cash equivalents are basic financial assets and include cash in hand, deposits held at call with banks, other short-term liquid investments with original maturities of three months or less, and bank overdrafts. Bank overdrafts are shown within borrowings in creditors: amounts falling due within one year.

Trade and other creditors

Trade and other creditors are initially recognised at fair value and thereafter stated at amortised cost using the effective interest rate method, unless the effect of discounting would be immaterial, in which case they are stated at cost.

Financial instruments

Financial assets and financial liabilities are recognised when the Company becomes a party to the contractual provisions of the instrument.

Financial liabilities and equity instruments are classified according to the substance of the contractual arrangements entered into. An equity instrument is any contract that evidences a residual interest in the assets of the Company after deducting all of its liabilities.

Financial assets and liabilities are only offset in the Balance Sheet when, and only when there exists a legally enforceable right to set off the recognised amounts and the Company intends either to settle on a net basis, or to realise the asset and settle the liability simultaneously.

Provisions

Provisions are recognised when the Company has a present obligation (legal or constructive) as a result of a past event, it is probable that the Company will be required to settle that obligation and a reliable estimate can be made of the amount of the obligation.

The amount recognised as a provision is the best estimate of the consideration required to settle the present obligation at the Balance Sheet date, taking into account the risks and uncertainties surrounding the obligation. Where a provision is measured using the cash flows estimated to settle the present obligation, its carrying amount is the present value of those cash flows (when the effect of the time value of money is material).

When some or all of the economic benefits required to settle a provision are expected to be recovered from a third party, a receivable is recognised as an asset if it is virtually certain that reimbursement will be received and the amount of the receivable can be measured reliably.

Ordinary share capital

The ordinary share capital of the Company is presented as equity. Equity instruments are measured at the fair value of the cash or other resources received or receivable, net of the direct costs of issuing the equity instruments. If payment is deferred and the time value of money is material, the initial measurement is on a present value basis.

Dividends

Equity dividends are recognised when they become legally payable. Interim equity dividends are recognised when paid. Final equity dividends are recognised when approved by the shareholders at an annual general meeting.

2. Critical accounting judgements and key sources of estimation uncertainty

In the application of the Company’s accounting policies, the directors are required to make judgements that have a significant impact on the amounts recognised. The following are the critical judgements that the directors have made in the process of applying the Company’s accounting policies and that have the most significant effect on the amounts recognised in the financial statements.

Specifically, judgements and estimates are required in determining the useful economic lives of fixed assets, the recoverability of debtors and the adoption of the going concern basis in preparing these accounts.

The estimates and underlying assumptions are reviewed on an ongoing basis. Revisions to accounting estimates are recognised in the period in which the estimate is revised if the revision affects only that period, or in the period of the revision and future periods if the revision affects both current and future periods.

3. Employees

Period from
10.01.2022 to
31.01.2023
Number
Monthly average number of persons employed by the Company during the period, including directors 2

4. Tangible assets

Plant and machinery etc. Total
£ £
Cost
At 10 January 2022 0 0
Additions 4,969 4,969
At 31 January 2023 4,969 4,969
Accumulated depreciation
At 10 January 2022 0 0
Charge for the financial period 492 492
At 31 January 2023 492 492
Net book value
At 31 January 2023 4,477 4,477

5. Debtors

31.01.2023
£
Other debtors 722

6. Creditors: amounts falling due within one year

31.01.2023
£
Taxation and social security 11,781
Other creditors 6,050
17,831

7. Provision for liabilities

31.01.2023
£
Deferred tax 1,119
Deferred taxation Total
£ £
At 10 January 2022 0 0
Charged to the Profit and Loss Account 1,119 1,119
At 31 January 2023 1,119 1,119

Deferred tax

31.01.2023
£
Accelerated capital allowances 1,119
Provision for deferred tax 1,119

8. Called-up share capital

31.01.2023
£
Allotted, called-up and fully-paid
50 Ordinary Shares-A shares of £ 1.00 each 50
50 Ordinary Shares-B shares of £ 1.00 each 50
100

50 Ordinary A shares having nominal value of £1 issued during the period at par and rank parri passu.
50 Ordinary B shares having nominal of £1 issued during the period at par and rank parri passu.

9. Related party transactions

Transactions with the entity's directors

31.01.2023
£
Amounts payable to key management 2,411

These amounts are unsecured, repayable on demand and are provided interest free.