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Registration number: 09629678

Woodpecker Court Ltd

Annual Report and Unaudited Financial Statements

for the Year Ended 31 July 2023

(filleted for filing purposes)

 

Woodpecker Court Ltd

Contents

Company Information

1

Balance Sheet

2 to 3

Notes to the Financial Statements

4 to 8

 

Woodpecker Court Ltd

Company Information

Directors

Mr D K Meehan

Mrs R Meehan

Registered office

Woodpecker Court Wigmore Lane
Eythorne
Dover
Kent
CT15 4BF

 

Woodpecker Court Ltd

(Registration number: 09629678)
Balance Sheet as at 31 July 2023

Note

2023
£

2022
£

Fixed assets

 

Tangible assets

4

929,622

839,648

Current assets

 

Stocks

5

-

450

Debtors

6

75,092

93,014

Cash at bank and in hand

 

151,645

117,053

 

226,737

210,517

Creditors: Amounts falling due within one year

7

(146,493)

(150,166)

Net current assets

 

80,244

60,351

Total assets less current liabilities

 

1,009,866

899,999

Creditors: Amounts falling due after more than one year

7

(33,250)

(66,500)

Provisions for liabilities

(65,428)

(39,074)

Net assets

 

911,188

794,425

Capital and reserves

 

Called up share capital

8

3

3

Retained earnings

911,185

794,422

Shareholders' funds

 

911,188

794,425

For the financial year ending 31 July 2023 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small 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.

These financial statements have been delivered in accordance with the provisions applicable to companies subject to the small companies regime and the option not to file the Profit and Loss Account has been taken.

Approved and authorised by the Board on 23 February 2024 and signed on its behalf by:
 

 

Woodpecker Court Ltd

(Registration number: 09629678)
Balance Sheet as at 31 July 2023

.........................................
Mr D K Meehan
Director

.........................................
Mrs R Meehan
Director

 

Woodpecker Court Ltd

Notes to the Financial Statements for the Year Ended 31 July 2023

1

General information

The company is a private company limited by share capital, incorporated in United Kingdom.

The address of its registered office is:
Woodpecker Court Wigmore Lane
Eythorne
Dover
Kent
CT15 4BF

These financial statements were authorised for issue by the Board on 23 February 2024.

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

These financial statements have been prepared in accordance with Financial Reporting Standard 102 Section 1A smaller entities - 'The Financial Reporting Standard applicable in the United Kingdom and Republic of Ireland' and the Companies Act 2006 (as applicable to companies subject to the small companies' 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.

Revenue recognition

Turnover comprises the fair value of the consideration received or receivable for the sale of goods and provision of services in the ordinary course of the company’s activities. Turnover is shown net of sales/value added tax, returns, rebates and discounts.

The company recognises revenue when:
The amount of revenue can be reliably measured;
it is probable that future economic benefits will flow to the entity;
and specific criteria have been met for each of the company's activities.

Tax

The tax expense for the period comprises current and deferred tax. Tax is recognised in profit or loss, except that a change attributable to an item of income or expense recognised as other comprehensive income is also recognised directly in other comprehensive income.

The current income tax charge is calculated on the basis of tax rates and laws that have been enacted or substantively enacted by the reporting date in the countries where the company operates and generates taxable income.

 

Woodpecker Court Ltd

Notes to the Financial Statements for the Year Ended 31 July 2023

Deferred tax is recognised in respect of all timing differences between taxable profits and profits reported in the financial statements.

Unrelieved tax losses and other deferred tax assets are recognised when it is probable that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits.

Deferred tax is measured using the tax rates and laws that have been enacted or substantively enacted by the reporting date and that are expected to apply to the reversal of the timing difference.

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

Fixtures, fittings and equipment

15% reducing balance

Land and buildings

25 years straight line

Motor vehicles

25% reducing balance

Cash and cash equivalents

Cash and cash equivalents comprise cash on hand and call deposits, and other short-term highly liquid investments that are readily convertible to a known amount of cash and are subject to an insignificant risk of change in value.

Trade debtors

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

Stocks

Stocks are stated at the lower of cost and estimated selling price less costs to complete and sell. Cost is determined using the first-in, first-out (FIFO) method.

The cost of finished goods and work in progress comprises direct materials and, where applicable, direct labour costs and those overheads that have been incurred in bringing the inventories to their present location and condition. At each reporting date, stocks are assessed for impairment. If stocks are impaired, the carrying amount is reduced to its selling price less costs to complete and sell; the impairment loss is recognised immediately in profit or loss.

Trade creditors

Trade creditors are obligations to pay for goods or services that have been acquired in the ordinary course of business from suppliers.

Borrowings

 

Woodpecker Court Ltd

Notes to the Financial Statements for the Year Ended 31 July 2023

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.

Leases

Leases in which substantially all the risks and rewards of ownership are retained by the lessor are classified as operating leases. Payments made under operating leases are charged to profit or loss on a straight-line basis over the period of the lease.

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.

3

Staff numbers

The average number of persons employed by the company (including directors) during the year, was 32 (2022 - 26).

4

Tangible assets

Land and buildings
£

Furniture, fittings and equipment
 £

Motor vehicles
 £

Total
£

Cost or valuation

At 1 August 2022

719,492

225,910

95,663

1,041,065

Additions

63,751

57,251

41,953

162,955

At 31 July 2023

783,243

283,161

137,616

1,204,020

Depreciation

At 1 August 2022

66,273

68,643

66,501

201,417

Charge for the year

23,027

32,175

17,779

72,981

At 31 July 2023

89,300

100,818

84,280

274,398

Carrying amount

At 31 July 2023

693,943

182,343

53,336

929,622

At 31 July 2022

653,219

157,267

29,162

839,648

 

Woodpecker Court Ltd

Notes to the Financial Statements for the Year Ended 31 July 2023

5

Stocks

2023
£

2022
£

Other inventories

-

450

6

Debtors

2023
£

2022
£

Trade debtors

32,256

52,002

Other debtors

30,223

23,769

Prepayments

12,613

17,243

75,092

93,014

7

Creditors

Note

2023
£

2022
£

Due within one year

 

Bank loans and overdrafts

9

33,250

36,021

Trade creditors

 

6,133

17,346

Directors loan account

12,382

10,020

Taxation and social security

 

8,336

-

Other creditors

 

86,392

86,779

 

146,493

150,166

Due after one year

 

Loans and borrowings

9

33,250

66,500

8

Share capital

Allotted, called up and fully paid shares

 

2023

2022

 

No.

£

No.

£

Ordinary Shares of £0.01 each

100

1

100

1

Ordinary A Shares of £1 each

1

1

1

1

Ordinary B Shares of £1 each

1

1

1

1

 

102

3

102

3

 

Woodpecker Court Ltd

Notes to the Financial Statements for the Year Ended 31 July 2023

9

Loans and borrowings

2023
£

2022
£

Non-current loans and borrowings

Bank borrowings

33,250

66,500

2023
£

2022
£

Current loans and borrowings

Bank borrowings

33,250

36,021

10

Financial commitments, guarantees and contingencies

Amounts not provided for in the balance sheet

The total amount of financial commitments not included in the balance sheet is £62,221 (2022 - £62,074).