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REGISTERED NUMBER: 07387222 (England and Wales)







UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 30 SEPTEMBER 2023

FOR

WOOLLEY & CO LIMITED

WOOLLEY & CO LIMITED (REGISTERED NUMBER: 07387222)

CONTENTS OF THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 SEPTEMBER 2023










Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


WOOLLEY & CO LIMITED

COMPANY INFORMATION
FOR THE YEAR ENDED 30 SEPTEMBER 2023







DIRECTORS: A Woolley
M Webley
K L Mctaggart





REGISTERED OFFICE: Silverstone House
Gaydon
Warwick
Warwickshire
CV35 0EP





REGISTERED NUMBER: 07387222 (England and Wales)





ACCOUNTANTS: Prime
Chartered Accountants
5 Argosy Court
Scimitar Way
Whitley Business Park
Coventry
CV3 4GA

WOOLLEY & CO LIMITED (REGISTERED NUMBER: 07387222)

BALANCE SHEET
30 SEPTEMBER 2023

2023 2022
Notes £    £    £    £   
FIXED ASSETS
Intangible assets 3 - -
Tangible assets 4 4,261 5,435
Investments 5 - -
4,261 5,435

CURRENT ASSETS
Stocks 58,030 67,832
Debtors 6 320,639 239,181
Cash at bank 909,350 690,813
1,288,019 997,826
CREDITORS
Amounts falling due within one year 7 414,697 338,995
NET CURRENT ASSETS 873,322 658,831
TOTAL ASSETS LESS CURRENT
LIABILITIES

877,583

664,266

CAPITAL AND RESERVES
Called up share capital 100 100
Retained earnings 877,483 664,166
SHAREHOLDERS' FUNDS 877,583 664,266

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

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

WOOLLEY & CO LIMITED (REGISTERED NUMBER: 07387222)

BALANCE SHEET - continued
30 SEPTEMBER 2023


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 16 November 2023 and were signed on its behalf by:





M Webley - Director


WOOLLEY & CO LIMITED (REGISTERED NUMBER: 07387222)

NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 SEPTEMBER 2023


1. 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.

Turnover
Turnover represents net sales of services, excluding value added tax.

Goodwill
Goodwill, being the amount paid in connection with the acquisition of a business in 2011, is being amortised evenly over its estimated useful life of ten years.

Intangible assets
Intangible assets are initially measured at cost. After initial recognition, intangible assets are measured at cost less any accumulated amortisation and any accumulated impairment losses.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Fixtures and fittings - 25% on reducing balance
Website - 33.33% on cost
Computer equipment - 33.33% on cost

Investments in subsidiaries
Investments in subsidiary undertakings are recognised at cost less any provision for impairment.

Stocks
Work in progress is valued at the lower of cost and net realisable value.

Cost includes all direct expenditure and an appropriate proportion of fixed and variable overheads.

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.

WOOLLEY & CO LIMITED (REGISTERED NUMBER: 07387222)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 30 SEPTEMBER 2023


1. ACCOUNTING POLICIES - continued

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.

2. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 12 (2022 - 10 ) .

3. INTANGIBLE FIXED ASSETS
Goodwill
£   
COST
At 1 October 2022
and 30 September 2023 1,100,000
AMORTISATION
At 1 October 2022
and 30 September 2023 1,100,000
NET BOOK VALUE
At 30 September 2023 -
At 30 September 2022 -

4. TANGIBLE FIXED ASSETS
Fixtures
and Computer
fittings Website equipment Totals
£    £    £    £   
COST
At 1 October 2022 17,211 1,250 21,163 39,624
Additions - - 576 576
At 30 September 2023 17,211 1,250 21,739 40,200
DEPRECIATION
At 1 October 2022 14,170 1,250 18,769 34,189
Charge for year 760 - 990 1,750
At 30 September 2023 14,930 1,250 19,759 35,939
NET BOOK VALUE
At 30 September 2023 2,281 - 1,980 4,261
At 30 September 2022 3,041 - 2,394 5,435

WOOLLEY & CO LIMITED (REGISTERED NUMBER: 07387222)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 30 SEPTEMBER 2023


5. FIXED ASSET INVESTMENTS
Shares in
group
undertakings
£   
COST
At 1 October 2022
and 30 September 2023 100
PROVISIONS
At 1 October 2022
and 30 September 2023 100
NET BOOK VALUE
At 30 September 2023 -
At 30 September 2022 -

The company's investments at the Balance Sheet date in the share capital of companies include the following:

Virtual Legal Managerial Services Limited
Registered office:
Nature of business: Dormant company
%
Class of shares: holding
Ordinary 100.00

6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Trade debtors 220,059 176,810
Other debtors 100,580 62,371
320,639 239,181

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Trade creditors 29,689 25,417
Taxation and social security 208,172 190,702
Other creditors 176,836 122,876
414,697 338,995

8. SECURED DEBTS

HSBC Bank PLC hold a fixed and floating charge over the undertaking and all property and assets present and future.