Company Registration No. 08344750 (England and Wales)
David Woollacott Limited
Unaudited accounts
for the year ended 31 January 2024
David Woollacott Limited
Unaudited accounts
Contents
David Woollacott Limited
Company Information
for the year ended 31 January 2024
Company Number
08344750 (England and Wales)
Registered Office
2 PAUL GARDENS
CROYDON
CR0 5QL
Accountants
Milton & Co
International Accountants
2 Paul Gardens
Croydon
Surrey
CR0 5QL
David Woollacott Limited
Accountants' report
Accountants' report to the director of David Woollacott Limited on the preparation of the unaudited statutory accounts for the year ended 31 January 2024
In order to assist you to fulfil your duties under the Companies Act 2006, we have prepared for your approval the accounts of
David Woollacott Limited for the year ended
31 January 2024 as set out on pages
5 -
7 from the company's accounting records and from information and explanations you have given us.
This report is made solely to the Board of Directors of David Woollacott Limited, as a body, in accordance with the terms of our engagement. Our work has been undertaken solely to prepare for your approval the accounts of David Woollacott Limited and state those matters that we have agreed to state to them, as a body, in this report. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than David Woollacott Limited and its Board of Directors as a body for our work or for this report.
It is your duty to ensure that David Woollacott Limited has kept adequate accounting records and to prepare statutory accounts that give a true and fair view of the assets, liabilities, financial position and loss of David Woollacott Limited. You consider that David Woollacott Limited is exempt from the statutory audit requirement for the year.
We have not been instructed to carry out an audit or a review of the accounts of David Woollacott Limited. For this reason, we have not verified the accuracy or completeness of the accounting records or information and explanations you have given to us and we do not, therefore, express any opinion on the statutory accounts.
Milton & Co
International Accountants
2 Paul Gardens
Croydon
Surrey
CR0 5QL
13 March 2024
David Woollacott Limited
Statement of financial position
as at 31 January 2024
Tangible assets
4,784
6,379
Cash at bank and in hand
61,711
83,972
Creditors: amounts falling due within one year
(10,400)
(20,733)
Net current assets
51,311
63,239
Total assets less current liabilities
56,095
69,618
Creditors: amounts falling due after more than one year
(23,354)
(31,027)
Called up share capital
1
1
Profit and loss account
32,740
38,590
Shareholders' funds
32,741
38,591
For the year ending 31 January 2024 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies. The members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.
The director acknowledges his responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.
These accounts have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies' regime and in accordance with the provisions of FRS 102 Section 1A - Small Entities. The profit and loss account has not been delivered to the Registrar of Companies.
The financial statements were approved by the Board and authorised for issue on 13 March 2024 and were signed on its behalf by
D Woollacott
Director
Company Registration No. 08344750
David Woollacott Limited
Notes to the Accounts
for the year ended 31 January 2024
David Woollacott Limited is a private company, limited by shares, registered in England and Wales, registration number 08344750. The registered office is 2 PAUL GARDENS, CROYDON, CR0 5QL. The principal place of business is Beech House, 2 The Drive, Sidcup, Kent, DA14 4HQ, UK.
2
Compliance with accounting standards
The accounts have been prepared in accordance with the provisions of FRS 102 Section 1A Small Entities. There were no material departures from that standard.
The principal accounting policies adopted in the preparation of the financial statements are set out below and have remained unchanged from the previous year, and also have been consistently applied within the same accounts.
The accounts have been prepared under the historical cost convention as modified by the revaluation of certain fixed assets.
The accounts are presented in £ sterling.
Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes. Turnover from the sale of goods is recognised when goods have been delivered to customers such that risks and rewards of ownership have transferred to them. Turnover from the rendering of services is recognised by reference to the stage of completion of the contract. The stage of completion of a contract is measured by comparing the costs incurred for work performed to date to the total estimated contract costs.
Tangible fixed assets and depreciation
Tangible assets are included at cost less depreciation and impairment. Depreciation has been provided at the following rates in order to write off the assets over their estimated useful lives:
Plant & machinery
25% reducing balance basis
The principal activity of the Company is that of Photographic Activities.
The Director does not recommend the payment of any Dividend (2023 - £2000)
The accounts have been drawn up on the going concern basis following the Director’s assessment of the company’s ability to trade for at least 12 months from the date these accounts have been approved. In conclusion, whilst there is some uncertainty, the Director does not believe there is a material uncertainty which casts significant doubt on the company’s ability to continue to trade.
David Woollacott Limited
Notes to the Accounts
for the year ended 31 January 2024
4
Tangible fixed assets
Plant & machinery
5
Creditors: amounts falling due within one year
2024
2023
Taxes and social security
7,360
11,986
Loans from directors
-
2,000
6
Creditors: amounts falling due after more than one year
2024
2023
Allotted, called up and fully paid:
1 Ordinary shares- D Woolacott of £1 each
1
1
8
Average number of employees
During the year the average number of employees was 2 (2023: 2).