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REGISTERED NUMBER: 08418947 (England and Wales)















Unaudited Financial Statements

for the Year Ended 28 February 2023

for

Woodstyle Ltd

Woodstyle Ltd (Registered number: 08418947)






Contents of the Financial Statements
for the Year Ended 28 February 2023




Page

Statement of Financial Position 1

Notes to the Financial Statements 3


Woodstyle Ltd (Registered number: 08418947)

Statement of Financial Position
28 February 2023

28.2.23 28.2.22
Notes £    £    £    £   
FIXED ASSETS
Property, plant and equipment 4 87,491 86,837

CURRENT ASSETS
Inventories 380,000 400,000
Debtors 5 222,488 176,486
Cash at bank 400 -
602,888 576,486
CREDITORS
Amounts falling due within one year 6 474,154 421,431
NET CURRENT ASSETS 128,734 155,055
TOTAL ASSETS LESS CURRENT
LIABILITIES

216,225

241,892

CREDITORS
Amounts falling due after more than one year 7 35,977 68,720
NET ASSETS 180,248 173,172

CAPITAL AND RESERVES
Called up share capital 1 1
Retained earnings 180,247 173,171
SHAREHOLDERS' FUNDS 180,248 173,172

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.

Woodstyle Ltd (Registered number: 08418947)

Statement of Financial Position - 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 12 February 2024 and were signed on its behalf by:





Mr Malkit Singh Ubbi - Director


Woodstyle Ltd (Registered number: 08418947)

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

1. STATUTORY INFORMATION

Woodstyle Ltd is a private company, limited by shares , registered in England and Wales. The company's registered number and registered office address are as below:

Registered number: 08418947

Registered office: 8 Ramsgill Drive
Ilford
Essex
IG2 7TR

The presentation currency of the financial statements is the Pound Sterling (£).


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
Revenue 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 - 25% on reducing balance
Motor vehicles - 25% on reducing balance
Computer equipment - 25% on reducing balance

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 6 (2022 - 8 ) .

Woodstyle Ltd (Registered number: 08418947)

Notes to the Financial Statements - continued
for the Year Ended 28 February 2023

4. PROPERTY, PLANT AND EQUIPMENT
Plant and Motor Computer
machinery vehicles equipment Totals
£    £    £    £   
COST
At 1 March 2022 195,500 72,608 663 268,771
Additions 12,705 16,000 1,113 29,818
At 28 February 2023 208,205 88,608 1,776 298,589
DEPRECIATION
At 1 March 2022 152,925 28,626 383 181,934
Charge for year 13,820 14,996 348 29,164
At 28 February 2023 166,745 43,622 731 211,098
NET BOOK VALUE
At 28 February 2023 41,460 44,986 1,045 87,491
At 28 February 2022 42,575 43,982 280 86,837

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
28.2.23 28.2.22
£    £   
Trade debtors 109,628 175,630
Other debtors 112,860 856
222,488 176,486

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
28.2.23 28.2.22
£    £   
Bank loans and overdrafts 47,395 45,785
Hire purchase contracts 46,275 29,439
Trade creditors 98,188 131,520
Taxation and social security 168,880 116,354
Other creditors 113,416 98,333
474,154 421,431

7. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
28.2.23 28.2.22
£    £   
Bank loans 24,953 36,595
Hire purchase contracts 11,024 32,125
35,977 68,720