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REGISTERED NUMBER: SC311401 (Scotland)












Financial Statements for the Year Ended 30 September 2023

for

WOOD PRODUCTION SERVICES LTD

WOOD PRODUCTION SERVICES LTD (REGISTERED NUMBER: SC311401)






Contents of the Financial Statements
for the Year Ended 30 September 2023




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


WOOD PRODUCTION SERVICES LTD

Company Information
for the Year Ended 30 September 2023







DIRECTOR: M C Wood





REGISTERED OFFICE: 12 Traill Drive
Montrose
Angus
DD10 8SW





REGISTERED NUMBER: SC311401 (Scotland)





ACCOUNTANTS: Account Tax Ltd
Chartered Certified Accountants
12 Traill Drive
Montrose
Angus
DD10 8SW

WOOD PRODUCTION SERVICES LTD (REGISTERED NUMBER: SC311401)

Balance Sheet
30 September 2023

2023 2022
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 249,265 249,650

CURRENT ASSETS
Debtors 5 19,171 34,255
Cash at bank 161,027 127,082
180,198 161,337
CREDITORS
Amounts falling due within one year 6 33,827 37,503
NET CURRENT ASSETS 146,371 123,834
TOTAL ASSETS LESS CURRENT
LIABILITIES

395,636

373,484

PROVISIONS FOR LIABILITIES 3,020 2,662
NET ASSETS 392,616 370,822

CAPITAL AND RESERVES
Called up share capital 5 5
Revaluation reserve (42,477 ) (42,477 )
Retained earnings 435,088 413,294
SHAREHOLDERS' FUNDS 392,616 370,822

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 30 September 2023.

The members have not required the company to obtain an audit of its financial statements for the year ended 30 September 2023 in accordance with Section 476 of the Companies Act 2006.

The director acknowledges his 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.

WOOD PRODUCTION SERVICES LTD (REGISTERED NUMBER: SC311401)

Balance Sheet - continued
30 September 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 Profit & Loss Account has not been delivered.

The financial statements were approved by the director and authorised for issue on 23 February 2024 and were signed by:





M C Wood - Director


WOOD PRODUCTION SERVICES LTD (REGISTERED NUMBER: SC311401)

Notes to the Financial Statements
for the Year Ended 30 September 2023

1. STATUTORY INFORMATION

Wood Production Services Ltd is a private company, limited by shares , registered in Scotland. 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 as modified by the revaluation of certain assets.

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 - 25% on reducing balance
Fixtures and fittings - 25% on reducing balance
Computer equipment - 25% on reducing balance

Taxation
Taxation for the year comprises current and deferred tax. Tax is recognised in the Profit & Loss Account, 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 material 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.

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 1 (2022 - 1 ) .

WOOD PRODUCTION SERVICES LTD (REGISTERED NUMBER: SC311401)

Notes to the Financial Statements - continued
for the Year Ended 30 September 2023

4. TANGIBLE FIXED ASSETS
Fixtures
Freehold Plant and and Computer
property machinery fittings equipment Totals
£    £    £    £    £   
COST OR VALUATION
At 1 October 2022 235,000 18,479 9,198 8,685 271,362
Additions - 4,768 - - 4,768
Disposals - (2,517 ) - - (2,517 )
At 30 September 2023 235,000 20,730 9,198 8,685 273,613
DEPRECIATION
At 1 October 2022 - 11,359 8,043 2,310 21,712
Charge for year - 2,474 288 1,594 4,356
Eliminated on disposal - (1,720 ) - - (1,720 )
At 30 September 2023 - 12,113 8,331 3,904 24,348
NET BOOK VALUE
At 30 September 2023 235,000 8,617 867 4,781 249,265
At 30 September 2022 235,000 7,120 1,155 6,375 249,650

Cost or valuation at 30 September 2023 is represented by:

Fixtures
Freehold Plant and and Computer
property machinery fittings equipment Totals
£    £    £    £    £   
Valuation in 2023 235,000 20,730 9,198 8,685 273,613

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Trade debtors 16,116 34,200
Other debtors 3,055 55
19,171 34,255

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Taxation and social security 28,159 31,694
Other creditors 5,668 5,809
33,827 37,503

WOOD PRODUCTION SERVICES LTD (REGISTERED NUMBER: SC311401)

Notes to the Financial Statements - continued
for the Year Ended 30 September 2023

7. RELATED PARTY DISCLOSURES

The company was under the control of M Wood, the director, throughout the current and previous year.

During the year the company repaid the director net amounts totalling £201. As at 30 September 2022 included within other creditors is a balance outstanding due to the director of £4,583 (2022 - £4,784). No interest has been paid on this loan.