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REGISTERED NUMBER: 02584429 (England and Wales)















UNAUDITED FINANCIAL STATEMENTS FOR THE YEAR ENDED 28 FEBRUARY 2023

FOR

THE WOODWORK DUST CONTROL COMPANY LTD

THE WOODWORK DUST CONTROL COMPANY LTD (REGISTERED NUMBER: 02584429)






CONTENTS OF THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 28 FEBRUARY 2023




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


THE WOODWORK DUST CONTROL COMPANY LTD

COMPANY INFORMATION
FOR THE YEAR ENDED 28 FEBRUARY 2023







DIRECTORS: T G Greenwood
V L Wilson





REGISTERED OFFICE: Rushbeds Industrial Estate
Wotton Road
Brill
Buckinghamshire
HP18 9UB





REGISTERED NUMBER: 02584429 (England and Wales)





ACCOUNTANTS: Astral Accountancy Services Limited
Astral House
Granville Way
Bicester
Oxfordshire
OX26 4JT

THE WOODWORK DUST CONTROL COMPANY LTD (REGISTERED NUMBER: 02584429)

BALANCE SHEET
28 FEBRUARY 2023

2023 2022
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 128,921 169,423

CURRENT ASSETS
Stocks 21,945 22,854
Debtors 5 221,033 206,528
Cash at bank 288,755 250,488
531,733 479,870
CREDITORS
Amounts falling due within one year 6 192,326 160,440
NET CURRENT ASSETS 339,407 319,430
TOTAL ASSETS LESS CURRENT
LIABILITIES

468,328

488,853

CREDITORS
Amounts falling due after more than one year 7 (27,770 ) (75,101 )

PROVISIONS FOR LIABILITIES 8 (60,993 ) (62,688 )
NET ASSETS 379,565 351,064

CAPITAL AND RESERVES
Called up share capital 9 500 500
Capital redemption reserve 500 500
Retained earnings 378,565 350,064
SHAREHOLDERS' FUNDS 379,565 351,064

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 28 February 2023.

The members have not required the company to obtain an audit of its financial statements for the year ended 28 February 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.

THE WOODWORK DUST CONTROL COMPANY LTD (REGISTERED NUMBER: 02584429)

BALANCE SHEET - continued
28 FEBRUARY 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 28 November 2023 and were signed on its behalf by:





V L Wilson - Director


THE WOODWORK DUST CONTROL COMPANY LTD (REGISTERED NUMBER: 02584429)

NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 28 FEBRUARY 2023

1. STATUTORY INFORMATION

The Woodwork Dust Control Company Ltd 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.

Significant judgements and estimates
The preparation of financial statements requires the use of certain critical accounting estimates. It also requires management to exercise its judgement in the process of applying accounting policies. The areas involving a higher degree of judgement or complexity, or areas where assumptions and estimates are significant to the financial statements, are disclosed in the accounting policies below.

Estimates and judgements are continually evaluated and are based on historical experience and other factors, including expectations of future events that are believed to be reasonable under the circumstances.

Turnover
Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes.

Revenue is recognised for the sale of goods when the significant risks and rewards of ownership of the goods have passed to the buyer (usually on the dispatch of goods), the amount of revenue can be measured reliably, it is probable that the economic benefit will flow to the entity and the costs incurred or to be incurred in respect of the transaction can be measured reliably.

Revenue is recognised for the provision of services when it is probable that an economic benefit will flow to the entity and the Revenue costs can be reliably measured. For continuing services, revenue is recognised when the stage of completion can be reliably measured.

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.
Improvements to property - not provided
Plant and machinery - 15% on reducing balance
Fixtures and fittings - 15% on reducing balance
Motor vehicles - 25% on reducing balance
Computer equipment - 33% on reducing balance

No depreciation is provided in respect of the improvements to property. This conflicts with the requirements of the Companies Act 2006 that all tangible assets should be depreciated. The directors consider that, as the property is being fully maintained and its value is not diminishing, to depreciate it would not give a true and fair view.

Stocks
Stocks are valued at the lower of cost and net realisable value, after making due allowance for obsolete and slow moving items.


THE WOODWORK DUST CONTROL COMPANY LTD (REGISTERED NUMBER: 02584429)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 28 FEBRUARY 2023

2. ACCOUNTING POLICIES - continued
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.

Foreign currencies
Assets and liabilities in foreign currencies are translated into sterling at the rates of exchange ruling at the balance sheet date. Transactions in foreign currencies are translated into sterling at the rate of exchange ruling at the date of transaction. Exchange differences are taken into account in arriving at the operating result.

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.

3. EMPLOYEES AND DIRECTORS

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

THE WOODWORK DUST CONTROL COMPANY LTD (REGISTERED NUMBER: 02584429)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 28 FEBRUARY 2023

4. TANGIBLE FIXED ASSETS
Improvements Fixtures
to Plant and and
property machinery fittings
£    £    £   
COST
At 1 March 2022 26,316 106,119 9,345
Additions - 4,437 -
Disposals - - -
At 28 February 2023 26,316 110,556 9,345
DEPRECIATION
At 1 March 2022 - 65,244 8,051
Charge for year - 6,797 194
Eliminated on disposal - - -
Transfer to ownership - - -
At 28 February 2023 - 72,041 8,245
NET BOOK VALUE
At 28 February 2023 26,316 38,515 1,100
At 28 February 2022 26,316 40,875 1,294

Motor Computer
vehicles equipment Totals
£    £    £   
COST
At 1 March 2022 148,102 27,288 317,170
Additions 15,250 1,677 21,364
Disposals (88,780 ) - (88,780 )
At 28 February 2023 74,572 28,965 249,754
DEPRECIATION
At 1 March 2022 50,776 23,676 147,747
Charge for year 401 1,761 9,153
Eliminated on disposal (11,098 ) - (11,098 )
Transfer to ownership (24,969 ) - (24,969 )
At 28 February 2023 15,110 25,437 120,833
NET BOOK VALUE
At 28 February 2023 59,462 3,528 128,921
At 28 February 2022 97,326 3,612 169,423

THE WOODWORK DUST CONTROL COMPANY LTD (REGISTERED NUMBER: 02584429)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 28 FEBRUARY 2023

4. TANGIBLE FIXED ASSETS - continued

Fixed assets, included in the above, which are held under hire purchase contracts are as follows:
Motor
vehicles
£   
COST
At 1 March 2022 71,385
Disposals (44,390 )
At 28 February 2023 26,995
DEPRECIATION
At 1 March 2022 17,846
Charge for year (6,036 )
Transfer to ownership (24,969 )
At 28 February 2023 (13,159 )
NET BOOK VALUE
At 28 February 2023 40,154
At 28 February 2022 53,539

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Trade debtors 114,076 76,248
Other debtors 92,642 118,687
Prepayments 14,315 11,593
221,033 206,528

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Bank loans and overdrafts 10,896 10,000
Hire purchase contracts 4,499 11,731
Trade creditors 82,504 45,439
Tax 38,238 34,541
Social security and other taxes 46,520 51,306
Other creditors 1,612 1,046
Directors' current accounts 4,633 2,953
Accrued expenses 3,424 3,424
192,326 160,440

THE WOODWORK DUST CONTROL COMPANY LTD (REGISTERED NUMBER: 02584429)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 28 FEBRUARY 2023

7. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR
2023 2022
£    £   
Bank loans - more than 1 year 23,271 34,163
Hire purchase contracts 4,499 40,938
27,770 75,101

8. PROVISIONS FOR LIABILITIES
2023 2022
£    £   
Deferred tax 27,103 27,103
Other provisions 33,890 35,585
60,993 62,688

Deferred Other
tax provisions
£    £   
Balance at 1 March 2022 27,103 35,585
Provided during year - (1,695 )
Balance at 28 February 2023 27,103 33,890

9. CALLED UP SHARE CAPITAL


Allotted, issued and fully paid:
Number: Class: Nominal 2023 2022
value: £    £   
500 Ordinary 1 500 500