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REGISTERED NUMBER: 05816820 (England and Wales)















UNAUDITED FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MAY 2023

FOR

WOOLSTONE LTD

WOOLSTONE LTD (REGISTERED NUMBER: 05816820)

CONTENTS OF THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MAY 2023










Page

Balance Sheet 1

Notes to the Financial Statements 3


WOOLSTONE LTD (REGISTERED NUMBER: 05816820)

BALANCE SHEET
31 MAY 2023

31.5.23 31.5.22
as restated
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 751,778 395,869

CURRENT ASSETS
Debtors 5 8,984 8,984
Cash at bank 22,133 289,117
31,117 298,101
CREDITORS
Amounts falling due within one year 6 542,790 150,349
NET CURRENT (LIABILITIES)/ASSETS (511,673 ) 147,752
TOTAL ASSETS LESS CURRENT
LIABILITIES

240,105

543,621

PROVISIONS FOR LIABILITIES - 500
NET ASSETS 240,105 543,121

CAPITAL AND RESERVES
Called up share capital 100 100
Retained earnings 240,005 543,021
240,105 543,121

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 May 2023.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 May 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.

WOOLSTONE LTD (REGISTERED NUMBER: 05816820)

BALANCE SHEET - continued
31 MAY 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 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 20 November 2023 and were signed on its behalf by:





S S Gill - Director


WOOLSTONE LTD (REGISTERED NUMBER: 05816820)

NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MAY 2023


1. STATUTORY INFORMATION

Woolstone Ltd is a private company, limited by shares, registered in England and Wales, registered number
05816820. Its registered office is Admiral House, Waterfront East, Brierley Hill, West Midlands, DY5 1XG.

The financial statements are presented in Sterling, which is the functional currency of the company.

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.

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.
Plant and machinery etc - 33% on cost

Financial instruments
Basic financial liabilities, including trade and other debtors and creditors, bank loans and other loans are initially
recognised at transaction price, unless the arrangement constitutes a financing transaction, where the debt
instrument is measured at the present value of the future receipts discounted at a market rate of interest.

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.

Job retention scheme
Amounts receivable under the Coronavirus Job Retention Scheme have been accounted for on an accruals basis.

WOOLSTONE LTD (REGISTERED NUMBER: 05816820)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 MAY 2023


3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 2 (2022 - 2 ) .

4. TANGIBLE FIXED ASSETS
Plant and
Land and machinery
buildings etc Totals
£    £    £   
COST
At 1 June 2022 393,013 13,412 406,425
Additions 589,389 708 590,097
Impairments (232,402 ) - (232,402 )
At 31 May 2023 750,000 14,120 764,120
DEPRECIATION
At 1 June 2022 - 10,556 10,556
Charge for year - 1,786 1,786
At 31 May 2023 - 12,342 12,342
NET BOOK VALUE
At 31 May 2023 750,000 1,778 751,778
At 31 May 2022 393,013 2,856 395,869

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.5.23 31.5.22
as restated
£    £   
Trade debtors 7,934 7,934
Other debtors 1,050 1,050
8,984 8,984

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.5.23 31.5.22
as restated
£    £   
Trade creditors 5,430 (970 )
Taxation and social security 68,480 63,198
Other creditors 468,880 88,121
542,790 150,349

7. RELATED PARTY DISCLOSURES

During the year, total dividends of £87,500 (2022 - £70,000) were paid to the directors .