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REGISTERED NUMBER: 01241555 (England and Wales)












FINANCIAL STATEMENTS

FOR THE YEAR ENDED 30 APRIL 2023

FOR

M J WOOD LIMITED

M J WOOD LIMITED (REGISTERED NUMBER: 01241555)






CONTENTS OF THE FINANCIAL STATEMENTS
for the Year Ended 30 APRIL 2023




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 3


M J WOOD LIMITED

COMPANY INFORMATION
for the Year Ended 30 APRIL 2023







DIRECTORS: Mrs M S Wood
N H Wood





SECRETARY:





REGISTERED OFFICE: 46-54 High Street
Ingatestone
Essex
CM4 9DW





REGISTERED NUMBER: 01241555 (England and Wales)





ACCOUNTANTS: Taylor Viney & Marlow Ltd
46-54 High Street
Ingatestone
Essex
CM4 9DW

M J WOOD LIMITED (REGISTERED NUMBER: 01241555)

BALANCE SHEET
30 APRIL 2023

30.4.23 30.4.22
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 1,300,075 1,300,469

CURRENT ASSETS
Debtors 5 1,339 8,706
Cash at bank 44,860 75,282
46,199 83,988
CREDITORS
Amounts falling due within one year 6 7,029 24,551
NET CURRENT ASSETS 39,170 59,437
TOTAL ASSETS LESS CURRENT
LIABILITIES

1,339,245

1,359,906

PROVISIONS FOR LIABILITIES 103,264 103,264
NET ASSETS 1,235,981 1,256,642

CAPITAL AND RESERVES
Called up share capital 100 100
Retained earnings 1,235,881 1,256,542
SHAREHOLDERS' FUNDS 1,235,981 1,256,642

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 30 April 2023.

The members have not required the company to obtain an audit of its financial statements for the year ended 30 April 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.

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 19 October 2023 and were signed on its behalf by:



N H Wood - Director


M J WOOD LIMITED (REGISTERED NUMBER: 01241555)

NOTES TO THE FINANCIAL STATEMENTS
for the Year Ended 30 APRIL 2023

1. STATUTORY INFORMATION

M J Wood 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 as modified by the revaluation of certain assets.

Turnover
Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes.

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 etc - 33% on reducing balance, 25% on reducing balance and 15% on cost

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.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 2 (2022 - 2 ) .

M J WOOD LIMITED (REGISTERED NUMBER: 01241555)

NOTES TO THE FINANCIAL STATEMENTS - continued
for the Year Ended 30 APRIL 2023

4. TANGIBLE FIXED ASSETS
Plant and
Land and machinery
buildings etc Totals
£    £    £   
COST OR VALUATION
At 1 May 2022 1,300,000 41,904 1,341,904
Disposals - (39,636 ) (39,636 )
At 30 April 2023 1,300,000 2,268 1,302,268
DEPRECIATION
At 1 May 2022 - 41,435 41,435
Charge for year - 215 215
Eliminated on disposal - (39,457 ) (39,457 )
At 30 April 2023 - 2,193 2,193
NET BOOK VALUE
At 30 April 2023 1,300,000 75 1,300,075
At 30 April 2022 1,300,000 469 1,300,469

Cost or valuation at 30 April 2023 is represented by:

Plant and
Land and machinery
buildings etc Totals
£    £    £   
Valuation in 2008 366,160 - 366,160
Valuation in 2015 (330,000 ) - (330,000 )
Valuation in 2017 730,000 - 730,000
Cost 533,840 2,268 536,108
1,300,000 2,268 1,302,268

If Freehold land and buildings had not been revalued they would have been included at the following historical cost:

30.4.23 30.4.22
£    £   
Cost 533,840 533,840

Freehold land and buildings were valued on an open market basis on 30 April 2022 by Directors .

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
30.4.23 30.4.22
£    £   
Trade debtors 76 6,687
Other debtors 1,263 2,019
1,339 8,706

M J WOOD LIMITED (REGISTERED NUMBER: 01241555)

NOTES TO THE FINANCIAL STATEMENTS - continued
for the Year Ended 30 APRIL 2023

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
30.4.23 30.4.22
£    £   
Trade creditors 1,782 2,293
Taxation and social security 910 1,750
Other creditors 4,337 20,508
7,029 24,551