Company Registration No. 03594863 (England and Wales)
Woodlands Building and Construction Limited
Unaudited accounts
for the year ended 31 December 2022
Woodlands Building and Construction Limited
Unaudited accounts
Contents
Woodlands Building and Construction Limited
Company Information
for the year ended 31 December 2022
Directors
Mr J A Lacey
Mr J M Lacey
Mrs D J Lacey
Company Number
03594863 (England and Wales)
Registered Office
5/7
Bridgegate
Retford
Nottinghamshire
DN22 6AF
UK
Accountants
Bland BSP Limited
5-7
Bridgegate
Retford
Nottinghamshire
DN22 6AF
Woodlands Building and Construction Limited
Statement of financial position
as at 31 December 2022
Tangible assets
6,324
8,942
Investments
400,000
400,000
Inventories
360,065
15,950
Cash at bank and in hand
71,766
221,660
Creditors: amounts falling due within one year
(561,429)
(374,150)
Net current liabilities
(67,527)
(89,516)
Total assets less current liabilities
338,797
319,426
Provisions for liabilities
Net assets
337,904
317,995
Called up share capital
1,000
1,000
Profit and loss account
336,904
316,995
Shareholders' funds
337,904
317,995
For the year ending 31 December 2022 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 directors acknowledge their 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 of Directors and authorised for issue on 19 October 2023 and were signed on its behalf by
Mr J A Lacey
Director
Company Registration No. 03594863
Woodlands Building and Construction Limited
Notes to the Accounts
for the year ended 31 December 2022
Woodlands Building and Construction Limited is a private company, limited by shares, registered in England and Wales, registration number 03594863. The registered office is 5/7, Bridgegate, Retford, Nottinghamshire, DN22 6AF, UK.
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.
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.
The accounts have been prepared under the historical cost convention.
The accounts are presented in £ sterling.
Tangible fixed assets and depreciation
Tangible assets are included at cost less depreciation and impairment. Depreciation has been provided at various rates in order to write off the assets over their estimated useful lives:
Land & buildings
Over 8 years
Plant & machinery
10% straight line
Motor vehicles
25% reducing balance
Fixtures & fittings
25% reducing balance
4
Tangible fixed assets
Land & buildings
Plant & machinery
Motor vehicles
Fixtures & fittings
Total
Cost or valuation
At cost
At cost
At cost
At cost
At 1 January 2022
26,350
80,065
37,391
18,568
162,374
At 31 December 2022
26,350
80,065
37,391
18,568
162,374
At 1 January 2022
24,939
79,889
32,609
15,995
153,432
Charge for the year
1,165
80
848
525
2,618
At 31 December 2022
26,104
79,969
33,457
16,520
156,050
At 31 December 2022
246
96
3,934
2,048
6,324
At 31 December 2021
1,411
176
4,782
2,573
8,942
Woodlands Building and Construction Limited
Notes to the Accounts
for the year ended 31 December 2022
5
Investments
Other investments
Valuation at 1 January 2022
400,000
Valuation at 31 December 2022
400,000
On the 6 July 2021 the company invested £400.000 in a True Potential Portfolio.
The value of the portfolio on 31 December 2022 was £365117. The company has been advised that the value is a temporary blip in the value. In these circumstances no impairment adjustment is required.
Amounts falling due within one year
Trade debtors
38,450
45,900
Accrued income and prepayments
1,368
1,124
7
Creditors: amounts falling due within one year
2022
2021
Trade creditors
73,377
14,881
Taxes and social security
5,158
14,919
Other creditors
449,030
293,762
Loans from directors
30,062
30,062
8
Deferred taxation
2022
2021
Accelerated capital allowances
893
1,431
Provision at start of year
1,431
2,118
Credited to the profit and loss account
(538)
(687)
Provision at end of year
893
1,431
Allotted, called up and fully paid:
1,000 Ordinary shares of £1 each
1,000
1,000
Woodlands Building and Construction Limited
Notes to the Accounts
for the year ended 31 December 2022
Loans from Directors do not have any interest charges and have no fixed date for repayment.
11
Average number of employees
During the year the average number of employees was 2 (2021: 4).