Woolley & Associates Limited 08833648 true 2022-03-01 2023-02-28 2023-02-28 The principal activity of the company is Animation Production Digita Accounts Production Advanced 6.30.9574.0 true J S Woolley Mrs S J Woolley 08833648 2022-03-01 2023-02-28 08833648 2023-02-28 08833648 core:RetainedEarningsAccumulatedLosses 2023-02-28 08833648 core:ShareCapital 2023-02-28 08833648 core:CurrentFinancialInstruments 2023-02-28 08833648 core:CurrentFinancialInstruments core:WithinOneYear 2023-02-28 08833648 core:PlantMachinery 2023-02-28 08833648 bus:FRS102 2022-03-01 2023-02-28 08833648 bus:AuditExempt-NoAccountantsReport 2022-03-01 2023-02-28 08833648 bus:FullAccounts 2022-03-01 2023-02-28 08833648 bus:RegisteredOffice 2022-03-01 2023-02-28 08833648 bus:Director1 2022-03-01 2023-02-28 08833648 bus:Director2 2022-03-01 2023-02-28 08833648 bus:EntityNoLongerTradingButTradedInPast 2022-03-01 2023-02-28 08833648 bus:Consolidated 2022-03-01 2023-02-28 08833648 bus:PrivateLimitedCompanyLtd 2022-03-01 2023-02-28 08833648 core:PlantMachinery 2022-03-01 2023-02-28 08833648 countries:AllCountries 2022-03-01 2023-02-28 08833648 2022-02-28 08833648 core:PlantMachinery 2022-02-28 08833648 2022-02-28 08833648 core:RetainedEarningsAccumulatedLosses 2022-02-28 08833648 core:ShareCapital 2022-02-28 08833648 core:CurrentFinancialInstruments 2022-02-28 08833648 core:CurrentFinancialInstruments core:WithinOneYear 2022-02-28 iso4217:GBP

Registration number: 08833648

Woolley & Associates Limited

Annual Report and Unaudited Financial Statements

for the Year Ended 28 February 2023

 

Woolley & Associates Limited

Profit and Loss Account for the Year Ended 28 February 2023

The company has not traded during the year. During this year, the company received no income and incurred no expenditure and therefore made neither profit nor loss.

 

Woolley & Associates Limited

(Registration number: 08833648)
Balance Sheet as at 28 February 2023

Note

2023
£

2022
£

Current assets

 

Debtors

4

8,669

8,669

Creditors: Amounts falling due within one year

(10,329)

(10,329)

Net liabilities

 

(1,660)

(1,660)

Capital and reserves

 

Called up share capital

5

1,000

1,000

Retained earnings

(2,660)

(2,660)

Shareholders' deficit

 

(1,660)

(1,660)

For the financial 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.

For the financial year ending 28 February 2023 the company was entitled to exemption from audit under section 480 of the Companies Act 2006 relating to dormant companies.

Directors' responsibilities:

The members have not required the company to obtain an audit of its accounts for the year in question in accordance with section 476; and

The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.

These financial statements have been prepared in accordance with the special provisions relating to companies subject to the small companies regime within Part 15 of the Companies Act 2006.

Approved and authorised by the Board on 21 November 2023 and signed on its behalf by:
 

.........................................
J S Woolley
Director

 

Woolley & Associates Limited

Notes to the Unaudited Financial Statements for the Year Ended 28 February 2023

1

General information

The company is a private company limited by share capital, incorporated in England & Wales.

The address of its registered office is:
The Old Dairy
Ashton Hill Farm Weston Road
Failand
Bristol
Failand
BS8 3US
England

These financial statements were authorised for issue by the Board on 21 November 2023.

2

Accounting policies

Summary of significant accounting policies and key accounting estimates

The principal accounting policies applied in the preparation of these financial statements are set out below. These policies have been consistently applied to all the years presented, unless otherwise stated.

Statement of compliance

The financial statements have been prepared under the historical cost convention and in accordance with FRS 105 'The Financial Reporting Standard applicable to the Micro-entities Regime'.

Basis of preparation

These financial statements have been prepared using the historical cost convention except that as disclosed in the accounting policies certain items are shown at fair value.

Tangible assets

Tangible assets are stated in the balance sheet at cost, less any subsequent accumulated depreciation and subsequent accumulated impairment losses.

The cost of tangible assets includes directly attributable incremental costs incurred in their acquisition and installation.

Depreciation

Depreciation is charged so as to write off the cost of assets, other than land and properties under construction over their estimated useful lives, as follows:

Asset class

Depreciation method and rate

Plant and machinery

20% straight line

Trade debtors

Trade debtors are amounts due from customers for merchandise sold or services performed in the ordinary course of business.

Trade debtors are recognised initially at the transaction price. They are subsequently measured at amortised cost using the effective interest method, less provision for impairment. A provision for the impairment of trade debtors is established when there is objective evidence that the company will not be able to collect all amounts due according to the original terms of the receivables.

 

Woolley & Associates Limited

Notes to the Unaudited Financial Statements for the Year Ended 28 February 2023

Borrowings

Interest-bearing borrowings are initially recorded at fair value, net of transaction costs. Interest-bearing borrowings are subsequently carried at amortised cost, with the difference between the proceeds, net of transaction costs, and the amount due on redemption being recognised as a charge to the profit and loss account over the period of the relevant borrowing.

Interest expense is recognised on the basis of the effective interest method and is included in interest payable and similar charges.

Borrowings are classified as current liabilities unless the company has an unconditional right to defer settlement of the liability for at least twelve months after the reporting date.

Share capital

Ordinary shares are classified as equity. Equity instruments are measured at the fair value of the cash or other resources received or receivable, net of the direct costs of issuing the equity instruments. If payment is deferred and the time value of money is material, the initial measurement is on a present value basis.

 

Woolley & Associates Limited

Notes to the Unaudited Financial Statements for the Year Ended 28 February 2023

3

Tangible assets

Plant and machinery
£

Total
£

Cost or valuation

At 1 March 2022

6,000

6,000

At 28 February 2023

6,000

6,000

Depreciation

At 1 March 2022

6,000

6,000

At 28 February 2023

6,000

6,000

Carrying amount

At 28 February 2023

-

-

4

Debtors

Current

2023
£

2022
£

Other debtors

8,669

8,669

 

8,669

8,669

5

Share capital

Allotted, called up and fully paid shares

 

2023

2022

 

No.

£

No.

£

Ordinary shares of £1 each

1,000

1,000

1,000

1,000

         

6

Loans and borrowings

2023
£

2022
£

Current loans and borrowings

Bank overdrafts

14

14