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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
Page
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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
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The Woodturning Shop Ltd Statement of financial position as at 31 October 2023
2023 
2022 
Notes
£ 
£ 
Fixed assets
Tangible assets
- 
23,643 
Current assets
Debtors
- 
42 
Cash at bank and in hand
- 
3,176 
- 
3,218 
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 
Capital and reserves
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
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The Woodturning Shop Ltd Notes to the Accounts for the period from 1 August 2022 to 31 October 2023
1
Statutory information
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.
3
Accounting policies
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.
Basis of preparation
The accounts have been prepared under the historical cost convention as modified by the revaluation of certain fixed assets.
Presentation currency
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 31 October 2023
- 
- 
- 
Depreciation
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 October 2023
- 
- 
- 
Net book value
At 31 October 2023
- 
- 
- 
At 31 July 2022
14,871 
8,772 
23,643 
5
Debtors
2023 
2022 
£ 
£ 
Amounts falling due within one year
Other debtors
- 
42 
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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 
£ 
£ 
VAT
- 
1,086 
Taxes and social security
- 
217 
Other creditors
- 
5,315 
Loans from directors
1,919 
12,082 
1,919 
18,700 
7
Average number of employees
During the period the average number of employees was 1 (2022: 2).
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