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Company Registration No. 10625800 (England and Wales)
Woodies Timber Limited Unaudited accounts for the year ended 28 February 2023
Woodies Timber Limited Unaudited accounts Contents
Page
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Woodies Timber Limited Company Information for the year ended 28 February 2023
Directors
Lee Folkes Jodie Thompson
Company Number
10625800 (England and Wales)
Registered Office
Unit 11 Sankey Bridge Industrial Estate Liverpool Road Great Sankey Warrington WA5 1QQ
Accountants
Barnes Cooper Ltd Offices 3 & 4 The Meadows Church Road Dodleston Chester CH4 9NG
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Woodies Timber Limited Statement of financial position as at 28 February 2023
2023 
2022 
Notes
£ 
£ 
Fixed assets
Tangible assets
21,152 
28,203 
Current assets
Inventories
52,000 
48,000 
Debtors
7,882 
13,640 
Cash at bank and in hand
10,492 
26,537 
70,374 
88,177 
Creditors: amounts falling due within one year
(51,122)
(39,092)
Net current assets
19,252 
49,085 
Total assets less current liabilities
40,404 
77,288 
Creditors: amounts falling due after more than one year
(39,655)
(49,585)
Net assets
749 
27,703 
Capital and reserves
Called up share capital
1 
1 
Profit and loss account
748 
27,702 
Shareholders' funds
749 
27,703 
For the year ending 28 February 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 1 October 2023 and were signed on its behalf by
Lee Folkes Director Company Registration No. 10625800
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Woodies Timber Limited Notes to the Accounts for the year ended 28 February 2023
1
Statutory information
Woodies Timber Limited is a private company, limited by shares, registered in England and Wales, registration number 10625800. The registered office is Unit 11 Sankey Bridge Industrial Estate, Liverpool Road, Great Sankey, Warrington, WA5 1QQ.
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 year, 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:
Plant & machinery
Reducing Balance 25%
Motor vehicles
Reducing Balance 25%
Fixtures & fittings
Reducing Balance 25%
4
Tangible fixed assets
Plant & machinery 
Motor vehicles 
Fixtures & fittings 
Total 
£ 
£ 
£ 
£ 
Cost or valuation
At cost 
At cost 
At cost 
At 1 March 2022
13,234 
41,632 
2,426 
57,292 
At 28 February 2023
13,234 
41,632 
2,426 
57,292 
Depreciation
At 1 March 2022
7,490 
19,749 
1,850 
29,089 
Charge for the year
1,436 
5,471 
144 
7,051 
At 28 February 2023
8,926 
25,220 
1,994 
36,140 
Net book value
At 28 February 2023
4,308 
16,412 
432 
21,152 
At 28 February 2022
5,744 
21,883 
576 
28,203 
5
Debtors
2023 
2022 
£ 
£ 
Amounts falling due within one year
Trade debtors
7,882 
13,640 
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Woodies Timber Limited Notes to the Accounts for the year ended 28 February 2023
6
Creditors: amounts falling due within one year
2023 
2022 
£ 
£ 
Bank loans and overdrafts
6,768 
6,768 
VAT
4,519 
7,810 
Obligations under finance leases and hire purchase contracts
4,375 
4,375 
Trade creditors
33,536 
16,154 
Taxes and social security
3,454 
3,067 
Loans from directors
(1,530)
918 
51,122 
39,092 
7
Creditors: amounts falling due after more than one year
2023 
2022 
£ 
£ 
Bank loans
34,436 
39,991 
Obligations under finance leases and hire purchase contracts
5,219 
9,594 
39,655 
49,585 
8
Average number of employees
During the year the average number of employees was 3 (2022: 3).
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