Company Registration No. 12763030 (England and Wales)
The Woodturning Shop Ltd
Unaudited accounts
for the period from 1 August 2022 to 31 October 2023
The Woodturning Shop Ltd
Unaudited accounts
Contents
The Woodturning Shop Ltd
Company Information
for the period from 1 August 2022 to 31 October 2023
Directors
Martin Saban-Smith
Leslie Thorne
Company Number
12763030 (England and Wales)
Registered Office
Garthowen Garden Centre
Alton Lane
Four Marks
Hampshire
GU34 AJ
Accountants
Clare Weeks Accounting
18 Drift Road
Wallington
Fareham
Hampshire
PO16 8SY
The Woodturning Shop Ltd
Statement of financial position
as at 31 October 2023
Cash at bank and in hand
-
3,176
Creditors: amounts falling due within one year
(1,919)
(18,700)
Net current liabilities
(1,919)
(15,482)
Net (liabilities)/assets
(1,919)
8,161
Called up share capital
2
2
Profit and loss account
(1,921)
8,159
Shareholders' funds
(1,919)
8,161
For the period ending 31 October 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 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 8 November 2023 and were signed on its behalf by
Leslie Thorne
Director
Company Registration No. 12763030
The Woodturning Shop Ltd
Notes to the Accounts
for the period from 1 August 2022 to 31 October 2023
The Woodturning Shop Ltd is a private company, limited by shares, registered in England and Wales, registration number 12763030. The registered office is Garthowen Garden Centre, Alton Lane, Four Marks, Hampshire, GU34 AJ.
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 period, and also have been consistently applied within the same accounts.
The accounts have been prepared under the historical cost convention as modified by the revaluation of certain fixed assets.
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 the following rates in order to write off the assets over their estimated useful lives:
Land & buildings
3% straight line basis
Plant & machinery
33% straight line basis
4
Tangible fixed assets
Land & buildings
Plant & machinery
Total
Cost or valuation
At cost
At cost
At 1 August 2022
15,411
16,988
32,399
Disposals
(15,411)
(16,988)
(32,399)
At 1 August 2022
540
8,216
8,756
Charge for the period
347
4,205
4,552
On disposals
(887)
(12,421)
(13,308)
At 31 July 2022
14,871
8,772
23,643
Amounts falling due within one year
The Woodturning Shop Ltd
Notes to the Accounts
for the period from 1 August 2022 to 31 October 2023
6
Creditors: amounts falling due within one year
2023
2022
Taxes and social security
-
217
Loans from directors
1,919
12,082
7
Average number of employees
During the period the average number of employees was 1 (2022: 2).