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REGISTERED NUMBER: 04739520 (England and Wales)















FINANCIAL STATEMENTS FOR THE YEAR ENDED 30 APRIL 2023

FOR

WOODFORD CORPUS LIMITED

WOODFORD CORPUS LIMITED (REGISTERED NUMBER: 04739520)






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




Page

Company Information 1

Abridged Balance Sheet 2

Notes to the Financial Statements 4


WOODFORD CORPUS LIMITED

COMPANY INFORMATION
FOR THE YEAR ENDED 30 APRIL 2023







DIRECTORS: B.J. Whitehead
C.L. Tattersall





SECRETARY: B.J. Whitehead





REGISTERED OFFICE: Unit 7
Brookside Mill
North Street
Whitworth
Lancashire
OL12 8RE





REGISTERED NUMBER: 04739520 (England and Wales)





ACCOUNTANTS: Wyatt Morris Golland Ltd
Park House
200 Drake Street
Rochdale
Lancashire
OL16 1PJ

WOODFORD CORPUS LIMITED (REGISTERED NUMBER: 04739520)

ABRIDGED BALANCE SHEET
30 APRIL 2023

2023 2022
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 38,044 74,542
Investments 5 400 400
38,444 74,942

CURRENT ASSETS
Debtors 6 630,492 483,735
Cash at bank and in hand 67,418 225,672
697,910 709,407
CREDITORS
Amounts falling due within one year 113,332 186,350
NET CURRENT ASSETS 584,578 523,057
TOTAL ASSETS LESS CURRENT
LIABILITIES

623,022

597,999

CREDITORS
Amounts falling due after more than one year (116,414 ) (123,217 )

PROVISIONS FOR LIABILITIES (8,551 ) (12,200 )
NET ASSETS 498,057 462,582

CAPITAL AND RESERVES
Called up share capital 8 100 100
Retained earnings 497,957 462,482
SHAREHOLDERS' FUNDS 498,057 462,582

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.

WOODFORD CORPUS LIMITED (REGISTERED NUMBER: 04739520)

ABRIDGED BALANCE SHEET - continued
30 APRIL 2023


The financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime.

All the members have consented to the preparation of an abridged Statement of Income and Retained Earnings and an abridged Balance Sheet for the year ended 30 April 2023 in accordance with Section 444(2A) of the Companies Act 2006.

In accordance with Section 444 of the Companies Act 2006, the Statement of Income and Retained Earnings has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 4 October 2023 and were signed on its behalf by:




B.J. Whitehead - Director



C.L. Tattersall - Director


WOODFORD CORPUS LIMITED (REGISTERED NUMBER: 04739520)

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

1. STATUTORY INFORMATION

Woodford Corpus 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.

Related party exemption
The company has taken advantage of exemption, under the terms of Financial Reporting Standard 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland', not to disclose related party transactions with wholly owned subsidiaries within the group.

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 or, if held under a finance lease, over the lease term, whichever is the shorter.
Short leasehold - 15% on reducing balance
Plant and machinery - 15% on reducing balance
Fixtures and fittings - 15% on reducing balance
Motor vehicles - 33% on reducing balance
Computer equipment - 33% on reducing balance

Investments in subsidiaries
Investments in subsidiary undertakings are recognised at cost.

Taxation
Taxation for the year comprises current and deferred tax. Tax is recognised in the Statement of Income and Retained Earnings, 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.

Hire purchase and leasing commitments
Assets obtained under hire purchase contracts or finance leases are capitalised in the balance sheet. Those held under hire purchase contracts are depreciated over their estimated useful lives. Those held under finance leases are depreciated over their estimated useful lives or the lease term, whichever is the shorter.

The interest element of these obligations is charged to profit or loss over the relevant period. The capital element of the future payments is treated as a liability.

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.

WOODFORD CORPUS LIMITED (REGISTERED NUMBER: 04739520)

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

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 6 (2022 - 6 ) .

4. TANGIBLE FIXED ASSETS
Totals
£   
COST
At 1 May 2022 182,368
Additions 183
Disposals (23,927 )
At 30 April 2023 158,624
DEPRECIATION
At 1 May 2022 107,826
Charge for year 13,418
Eliminated on disposal (664 )
At 30 April 2023 120,580
NET BOOK VALUE
At 30 April 2023 38,044
At 30 April 2022 74,542

Fixed assets, included in the above, which are held under hire purchase contracts are as follows:

Totals
£   
COST
At 1 May 2022 64,811
Transfer to ownership (34,380 )
At 30 April 2023 30,431
DEPRECIATION
At 1 May 2022 30,289
Charge for year 6,358
Transfer to ownership (19,125 )
At 30 April 2023 17,522
NET BOOK VALUE
At 30 April 2023 12,909
At 30 April 2022 34,522

5. FIXED ASSET INVESTMENTS

Information on investments other than loans is as follows:
Totals
£   
COST
At 1 May 2022
and 30 April 2023 400
NET BOOK VALUE
At 30 April 2023 400
At 30 April 2022 400

WOODFORD CORPUS LIMITED (REGISTERED NUMBER: 04739520)

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

5. FIXED ASSET INVESTMENTS - continued

The company has investments in the following subsidiary companies :-
2022 2021

Ordinary £1
shares
Ordinary £1
shares


Woodford Plastic Fabrications Ltd 100 100
Woodford CNC Machining Ltd 100 100
Pipeline Plus Ltd 100 100
Go Pipeline Ltd 100 100
400 400

6. DEBTORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR
2023 2022
£    £   
Other debtors 280,100 280,000

7. SECURED DEBTS

The following secured debts are included within creditors:

2023 2022
£    £   
Hire purchase contracts 7,373 16,517

The hire purchase creditor is secured on the asset to which it relates.

8. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 2023 2022
value: £    £   
100 Ordinary £1 100 100

9. ULTIMATE CONTROLLING PARTY

During the year, B.J. Whitehead and C.L. Tattersall, directors, together with members of their close families, controlled the company by virtue of a controlling interest (directly or indirectly) of 100% of the issued ordinary share capital.