REGISTERED NUMBER: |
Unaudited Financial Statements |
for the Period 1 December 2021 to 31 March 2023 |
for |
Woodcraft Designs (South West) Ltd |
REGISTERED NUMBER: |
Unaudited Financial Statements |
for the Period 1 December 2021 to 31 March 2023 |
for |
Woodcraft Designs (South West) Ltd |
Woodcraft Designs (South West) Ltd (Registered number: 12312203) |
Contents of the Financial Statements |
for the Period 1 December 2021 to 31 March 2023 |
Page |
Company Information | 1 |
Abridged Balance Sheet | 2 |
Notes to the Financial Statements | 4 |
Woodcraft Designs (South West) Ltd |
Company Information |
for the Period 1 December 2021 to 31 March 2023 |
DIRECTORS: |
REGISTERED OFFICE: |
REGISTERED NUMBER: |
ACCOUNTANTS: |
Chartered Accountants |
69 High Street |
Bideford |
Devon |
EX39 2AT |
Woodcraft Designs (South West) Ltd (Registered number: 12312203) |
Abridged Balance Sheet |
31 March 2023 |
2023 | 2021 |
Notes | £ | £ | £ | £ |
FIXED ASSETS |
Intangible assets | 5 |
Tangible assets | 6 |
CURRENT ASSETS |
Debtors |
Cash at bank |
CREDITORS |
Amounts falling due within one year |
NET CURRENT ASSETS/(LIABILITIES) | ( |
) |
TOTAL ASSETS LESS CURRENT LIABILITIES |
CREDITORS |
Amounts falling due after more than one year |
( |
) |
PROVISIONS FOR LIABILITIES | ( |
) |
NET ASSETS/(LIABILITIES) | ( |
) |
CAPITAL AND RESERVES |
Called up share capital | 7 |
Retained earnings | ( |
) |
SHAREHOLDERS' FUNDS | ( |
) |
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. |
Woodcraft Designs (South West) Ltd (Registered number: 12312203) |
Abridged Balance Sheet - continued |
31 March 2023 |
In accordance with Section 444 of the Companies Act 2006, the Statement of Income and Retained Earnings has not been delivered. |
The financial statements were approved by the Board of Directors and authorised for issue on |
Woodcraft Designs (South West) Ltd (Registered number: 12312203) |
Notes to the Financial Statements |
for the Period 1 December 2021 to 31 March 2023 |
1. | STATUTORY INFORMATION |
Woodcraft Designs (South West) Ltd is a |
The presentation currency of the financial statements is the Pound Sterling (£). |
2. | STATEMENT OF COMPLIANCE |
3. | ACCOUNTING POLICIES |
Basis of preparing the financial statements |
The company ceased trading at the balance sheet date. The financial statements have not, therefore, been prepared on a going concern basis. Accordingly, full provision has been made in these accounts for all known liabilities and anticipated losses on realisation of assets. This is in accordance with the provisions of FRS 102 Section 1A small entities and the Companies Act 2006. |
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 representing the excess of the purchase price over the fair value of the net assets of undertakings acquired is capitalised in the balance sheet and is amortised by equal annual instalments over the expected useful economic life of 10 years. |
Tangible fixed assets |
Plant and machinery | - |
Fixtures and fittings | - |
Motor vehicles | - |
Tangible fixed assets are stated at cost (or deemed cost) or valuation less accumulated depreciation and accumulated impairment losses. Cost includes costs directly attributable to making the asset capable of operating as intended by management. |
Financial instruments |
Basic financial instruments with no stated interest rate and receivable or payable within one year are recorded at transaction price. Any losses arising from impairment are recognised in the profit and loss account in administrative expenses. Loans and borrowings are initially recognised at the transaction price including transaction costs. |
Woodcraft Designs (South West) Ltd (Registered number: 12312203) |
Notes to the Financial Statements - continued |
for the Period 1 December 2021 to 31 March 2023 |
3. | ACCOUNTING POLICIES - continued |
Taxation |
Taxation for the period comprises current and deferred tax. Tax is recognised in the Statement of Income and Retained Earnings, 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 period 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 |
Assets obtained under hire purchase contracts or finance leases are capitalised in the balance sheet. Those held under hire purchase contracts are depreciated over their estimated useful lives. Those held under finance leases are depreciated over their estimated useful lives or the lease term, whichever is the shorter. |
The interest element of these obligations is charged to profit or loss over the relevant period. The capital element of the future payments is treated as a liability. |
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. |
The company discloses as exceptional items material items which derive from events or transactions that fall within the ordinary activities of the reporting entity and which individually, or, if of a similar type, in aggregate, it is considered need to be disclosed by virtue of their size or incidence if the financial statements are to give a true and fair view. |
4. | EMPLOYEES AND DIRECTORS |
The average number of employees during the period was |
Woodcraft Designs (South West) Ltd (Registered number: 12312203) |
Notes to the Financial Statements - continued |
for the Period 1 December 2021 to 31 March 2023 |
5. | INTANGIBLE FIXED ASSETS |
Totals |
£ |
COST |
At 1 December 2021 |
Disposals | ( |
) |
At 31 March 2023 |
AMORTISATION |
At 1 December 2021 |
Eliminated on disposal | ( |
) |
At 31 March 2023 |
NET BOOK VALUE |
At 31 March 2023 |
At 30 November 2021 |
6. | TANGIBLE FIXED ASSETS |
Totals |
£ |
COST |
At 1 December 2021 |
Disposals | ( |
) |
At 31 March 2023 |
DEPRECIATION |
At 1 December 2021 |
Eliminated on disposal | ( |
) |
At 31 March 2023 |
NET BOOK VALUE |
At 31 March 2023 |
At 30 November 2021 |
7. | CALLED UP SHARE CAPITAL |
Allotted, issued and fully paid: |
Number: | Class: | Nominal | 2023 | 2021 |
value: | £ | £ |
Ordinary | £1 | 2 | 2 |
Woodcraft Designs (South West) Ltd (Registered number: 12312203) |
Notes to the Financial Statements - continued |
for the Period 1 December 2021 to 31 March 2023 |
8. | CORRESPONDING AMOUNTS |
These financial statements cover the period 1 December 2021 to 31 March 2023. The comparative figures cover the year ended 30 November 2021. Accordingly, the corresponding amounts may not be comparable as required by the provisions of FRS 102 Section 1A small entities. |
9. | GOING CONCERN |
The company ceased trading on 31 March 2023. Consequently all assets and liabilities have been written down to their realisable values. |