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WOODHAMS M.E.C. LIMITED
Registered Number:07139209
For the year ended 31 March 2023
England and Wales
Report of the Directors and Unaudited Financial Statements
2
For the year ended 31 March 2023
WOODHAMS M.E.C. LIMITED
Contents Page
Company Information
1
2
Directors' Report
3
Independent Accountants' Report
4
Income Statement
5
Statement of Financial Position
6 to 8
Notes to the Financial Statements
3
For the year ended 31 March 2023
WOODHAMS M.E.C. LIMITED
Company Information
G WOODHAMS
Directors
T WOODHAMS
07139209
Registered Number
UNIT 10 ELVETHAM BRIDGE
Registered Office
FLEET
HAMPSHIRE
GU51 1AE
Accountants
BURNETTS
CHARTERED CERTIFIED ACCOUNTANTS
2 FAUNA CLOSE
STANMORE
MIDDLESEX
HA7 4PX
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4
For the year ended 31 March 2023
WOODHAMS M.E.C. LIMITED
Directors' Report
The Directors present their report and financial statements for the year ended 31st March 2023
BUSINESS REVIEW
The directors are delighted to report that the company has enjoyed yet another successful financial year which has
maintained the company's strong and consistent financial position since the global pandemic.
The company has continued to expand its client base throughout the year, with a keen focus on the water industry
being at the heart of the business. We are very fortunate to work alonside fantastic clients and staff - without whom
our success would not be possible.
As inflation continues to climb, we're committed to finding innovative ways to reduce costs, without compromising the
quality of service we provide to our customers. We continue to work hard to ensure our overheads remain low in order
to offer competitive prices to our customers.
The directors are pleased to report the order book is full for the coming year, 2023/24 and the company is set to make
a record year in terms of sales as we push towards our 15th anniversary.
Principal activities
The principal activity of the company continued to be that of an all-encompassing construction and engineering services provider with extensive manufacturing capabilities; covering the residential, commercial, industrial and water services sectors.
Directors
The directors who served the company throughout the year were as follows:
G WOODHAMS
T WOODHAMS
G WOODHAMS
Signed on behalf of the board of directors
This report has been prepared in accordance with the special provisions relating to small companies within Part 15 of the Companies Act 2006.
Date:
10 October 2023
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5
For the year ended 31 March 2023
WOODHAMS M.E.C. LIMITED
Independent Accountants' Report
Report to the directors on the preparation of the unaudited statutory accounts of WOODHAMS M.E.C. LIMITED
for the year ended 31 March 2023
In order to assist you to fulfil your duties under Companies Act 2006, we have prepared for your approval the accounts
of WOODHAMS M.E.C. LIMITED for the year ended 31 March 2023 which comprise the Income Statement, the
Statement of Financial Position and the related notes from the company's accounting records and from information
and explanations you have given us.
As a practising firm of the Association of Chartered Certified Accountants, we are subject to its ethical and other
professional requirements which are detailed at http://rulebook.accaglobal.com.
This report is made solely to the Board of Directors of WOODHAMS M.E.C. LIMITED, as a body, in accordance with
the terms of our engagement letter dated 22 March 2018. Our work has been undertaken solely to prepare for your
approval the accounts of WOODHAMS M.E.C. LIMITED and state those matters that we have agreed to state to the
Board of Directors of WOODHAMS M.E.C. LIMITED, as a body, in this report in accordance with the requirements of
the Association of Chartered Certified Accountants and 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 WOODHAMS M.E.C.
LIMITED and its Board of Directors as a body for our work or for this report.
It is your duty to ensure that WOODHAMS M.E.C. LIMITED has kept adequate accounting records and to prepare
statutory accounts that give a true and fair view of the assets, liabilities, financial position and profit of WOODHAMS
M.E.C. LIMITED. You consider that WOODHAMS M.E.C. LIMITED is exempt from the statutory audit requirement for
the year.
BURNETTS
CHARTERED CERTIFIED ACCOUNTANTS
2 FAUNA CLOSE
STANMORE
MIDDLESEX
HA7 4PX
Date:
10 October 2023
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6
For the year ended 31 March 2023
WOODHAMS M.E.C. LIMITED
Income Statement
2022
£
2023
£
Notes
Turnover
2,938,876
2,911,675
(1,567,680)
Cost of sales
(1,548,395)
1,343,995
Gross profit
1,390,481
Administrative expenses
(967,614)
(933,705)
Operating profit
422,867
410,290
Interest payable and similar charges
(51,456)
(29,859)
371,411
380,431
Profit before taxation
37,429
35,500
Taxation
2
408,840
Profit for the financial year
415,931
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7
Registered Number :
07139209
As at 31 March 2023
WOODHAMS M.E.C. LIMITED
Statement of Financial Position
£
£
2022
2023
Notes
Fixed assets
Property, plant and equipment
210,605
128,331
4
210,605
128,331
Current assets
Inventories
275,000
275,000
Trade and other receivables
612,886
946,260
5
28,418
Cash and cash equivalents
21,586
1,242,846
916,304
Trade and other payables: amounts falling due within one
year
(357,829)
(706,101)
6
558,475
536,745
Net current assets
Total assets less current liabilities
747,350
686,806
Trade and other payables: amounts falling due after more
than one year
(36,507)
(14,211)
7
733,139
Net assets
650,299
Capital and reserves
Called up share capital
1,000
1,000
Retained earnings
732,139
649,299
733,139
650,299
Shareholders' funds
For the year ended 31 March 2023 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 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 proper 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 Section
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.
The financial statements have been prepared in accordance with the provisions applicable to companies subject to the small companies regime.
G WOODHAMS
These financial statements were approved and authorised for issue by the Board on 10 October 2023 and were signed by:
The notes form part of these financial statements
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8
For the year ended 31 March 2023
WOODHAMS M.E.C. LIMITED
Notes to the Financial Statements
Statutory Information
WOODHAMS M.E.C. LIMITED is a private limited company, limited by shares, domiciled in England and Wales,
registration number 07139209.
Registered address:
UNIT 10 ELVETHAM BRIDGE
FLEET
HAMPSHIRE
GU51 1AE
The presentation currency is £ sterling.
1. Accounting policies
Basis of preparing the financial statements
These financial statements have been prepared in accordance with the provisions of Section 1A of Financial
Reporting Standard 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland' and the
Companies Act 2006. The financial statements have been prepared under the historical costs convention as
modified by the revaluation of certain assets.
2. Taxation
2022
£
The taxation charge is based on the taxable profit for the year and
comprises:
£
2023
UK taxation
UK corporation tax
(37,429)
(35,500)
Tax on profit on ordinary activities
(37,429)
(35,500)
Taxation represents Research & Development credits receivable from HM Revenue & Customs less Corporation Tax
payable on profits
3. Intangible fixed assets
Goodwill
Cost or valuation
£
At 01 April 2022
500
At 31 March 2023
500
Amortisation
At 01 April 2022
500
At 31 March 2023
500
Net book value
At 31 March 2023
-
At 31 March 2022
-
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9
For the year ended 31 March 2023
WOODHAMS M.E.C. LIMITED
Notes to the Financial Statements Continued
4. Property, plant and equipment
Total
Furniture and
Fittings
Motor Vehicles
Plant and
Machinery
£
£
£
£
Cost or
valuation
At 01 April 2022
259,273
21,724
129,681
107,868
101,314
-
58,582
42,732
Additions
At 31 March 2023
150,600
188,263
21,724
360,587
Provision for depreciation and impairment
At 01 April 2022
130,942
12,205
41,149
77,588
Charge for year
19,040
680
14,710
3,650
At 31 March 2023
149,982
12,885
55,859
81,238
At 31 March 2023
Net book value
69,362
132,404
8,839
210,605
At 31 March 2022
30,280
88,532
9,519
128,331
5. Trade and other receivables
2022
2023
£
£
Trade debtors
841,509
472,049
Other debtors
104,751
140,837
612,886
946,260
6. Trade and other payables: amounts falling due within one year
2022
2023
£
£
Bank loans and overdraft
32,500
42,500
Trade creditors
480,469
225,860
Taxation and social security
72,327
11,480
Other creditors
120,805
77,989
706,101
357,829
7. Trade and other payables: amounts falling due after more than one year
2022
2023
£
£
Other creditors
14,211
36,507
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10
For the year ended 31 March 2023
WOODHAMS M.E.C. LIMITED
Notes to the Financial Statements Continued
8. Average number of persons employed
During the year the average number of employees was 16 (2022 : 18)
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