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REGISTERED NUMBER: 06555855 (England and Wales)















Unaudited Financial Statements for the Year Ended 31 March 2023

for

Woodcock Transport Limited

Woodcock Transport Limited (Registered number: 06555855)






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




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4

Chartered Certified Accountants' Report 7

Woodcock Transport Limited

Company Information
for the Year Ended 31 March 2023







DIRECTORS: D Woodcock
A D Woodcock
S J Woodcock





REGISTERED OFFICE: Unit 5 Station Road Industrial Estate
Ampthill
Bedfordshire
MK45 2QY





REGISTERED NUMBER: 06555855 (England and Wales)





ACCOUNTANTS: JRS Accountancy Limited
3 Windermere Drive
Biggleswade
Bedfordshire
SG18 8LR

Woodcock Transport Limited (Registered number: 06555855)

Balance Sheet
31 March 2023

31.3.23 31.3.22
Notes £    £    £    £   
FIXED ASSETS
Intangible assets 4 19,834 23,134
Tangible assets 5 374,095 334,172
393,929 357,306

CURRENT ASSETS
Stocks 7,730 7,368
Debtors 6 154,119 183,429
Cash at bank 141,836 143,007
303,685 333,804
CREDITORS
Amounts falling due within one year 7 183,335 184,171
NET CURRENT ASSETS 120,350 149,633
TOTAL ASSETS LESS CURRENT
LIABILITIES

514,279

506,939

CREDITORS
Amounts falling due after more than one
year

8

142,208

147,368
NET ASSETS 372,071 359,571

CAPITAL AND RESERVES
Called up share capital 100 100
Retained earnings 371,971 359,471
SHAREHOLDERS' FUNDS 372,071 359,571

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

The members have not required the company to obtain an audit of its financial statements for the year ended 31 March 2023 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.

Woodcock Transport Limited (Registered number: 06555855)

Balance Sheet - continued
31 March 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 Board of Directors and authorised for issue on 9 October 2023 and were signed on its behalf by:





D Woodcock - Director


Woodcock Transport Limited (Registered number: 06555855)

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

1. STATUTORY INFORMATION

Woodcock Transport 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.

Goodwill
Goodwill, being the amount paid in connection with the acquisition of a business in 2008, is being amortised evenly over its estimated useful life of twenty years.

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.
Plant and machinery - 25% on reducing balance
Motor vehicles - 25% on reducing balance
Computer equipment - 33% on cost

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.

Woodcock Transport Limited (Registered number: 06555855)

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

2. ACCOUNTING POLICIES - continued

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.

Pension costs and other post-retirement benefits
The company operates a defined contribution pension scheme. Contributions payable to the company's pension scheme are charged to profit or loss in the period to which they relate.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 14 (2022 - 11 ) .

4. INTANGIBLE FIXED ASSETS
Goodwill
£   
COST
At 1 April 2022
and 31 March 2023 66,064
AMORTISATION
At 1 April 2022 42,930
Charge for year 3,300
At 31 March 2023 46,230
NET BOOK VALUE
At 31 March 2023 19,834
At 31 March 2022 23,134

5. TANGIBLE FIXED ASSETS
Plant and Motor Computer
machinery vehicles equipment Totals
£    £    £    £   
COST
At 1 April 2022 2,100 886,141 - 888,241
Additions - 163,465 1,302 164,767
At 31 March 2023 2,100 1,049,606 1,302 1,053,008
DEPRECIATION
At 1 April 2022 2,100 551,969 - 554,069
Charge for year - 124,410 434 124,844
At 31 March 2023 2,100 676,379 434 678,913
NET BOOK VALUE
At 31 March 2023 - 373,227 868 374,095
At 31 March 2022 - 334,172 - 334,172

Woodcock Transport Limited (Registered number: 06555855)

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

6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.3.23 31.3.22
£    £   
Trade debtors 152,271 170,022
Other debtors 1,848 13,407
154,119 183,429

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.3.23 31.3.22
£    £   
Bank loans and overdrafts 10,000 10,000
Hire purchase contracts 114,616 85,332
Trade creditors 25,149 28,164
Taxation and social security 28,940 53,924
Other creditors 4,630 6,751
183,335 184,171

8. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
31.3.23 31.3.22
£    £   
Bank loans 21,613 31,613
Hire purchase contracts 120,595 115,755
142,208 147,368

Chartered Certified Accountants' Report to the Board of Directors
on the Unaudited Financial Statements of
Woodcock Transport Limited

The following reproduces the text of the report prepared for the directors in respect of the company's annual unaudited financial statements. In accordance with the Companies Act 2006, the company is only required to file a Balance Sheet. Readers are cautioned that the Income Statement and certain other primary statements and the Report of the Directors are not required to be filed with the Registrar of Companies.

In order to assist you to fulfil your duties under the Companies Act 2006, we have prepared for your approval the financial statements of Woodcock Transport Limited for the year ended 31 March 2023 which comprise the Income Statement, Balance Sheet and the related notes from the company's accounting records and from information and explanations you have given us.

As a practising member firm of the Association of Chartered Certified Accountants, we are subject to its ethical and other professional requirements which are detailed at http://www.accaglobal.com/rulebook.

This report is made solely to the Board of Directors of Woodcock Transport Limited, as a body, in accordance with our terms of engagement. Our work has been undertaken solely to prepare for your approval the financial statements of Woodcock Transport Limited and state those matters that we have agreed to state to the Board of Directors of Woodcock Transport Limited, as a body, in this report in accordance with the requirements of the Association of Chartered Certified Accountants as detailed at http://www.accaglobal.com/factsheet163. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than the company and its Board of Directors, as a body, for our work or for this report.

It is your duty to ensure that Woodcock Transport Limited has kept adequate accounting records and to prepare statutory financial statements that give a true and fair view of the assets, liabilities, financial position and profit of Woodcock Transport Limited. You consider that Woodcock Transport Limited is exempt from the statutory audit requirement for the year.

We have not been instructed to carry out an audit or a review of the financial statements of Woodcock Transport Limited. For this reason, we have not verified the accuracy or completeness of the accounting records or information and explanations you have given to us and we do not, therefore, express any opinion on the statutory financial statements.






JRS Accountancy Limited
3 Windermere Drive
Biggleswade
Bedfordshire
SG18 8LR


9 October 2023