Caseware UK (AP4) 2022.0.179 2022.0.179 2023-03-312023-03-312022-04-01falseNo description of principal activity33truetrueThe members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006. 04687766 2022-04-01 2023-03-31 04687766 2021-04-01 2022-03-31 04687766 2023-03-31 04687766 2022-03-31 04687766 c:Director1 2022-04-01 2023-03-31 04687766 d:PlantMachinery 2022-04-01 2023-03-31 04687766 d:MotorVehicles 2022-04-01 2023-03-31 04687766 d:OtherPropertyPlantEquipment 2022-04-01 2023-03-31 04687766 d:OtherPropertyPlantEquipment 2023-03-31 04687766 d:OtherPropertyPlantEquipment 2022-03-31 04687766 d:OtherPropertyPlantEquipment d:OwnedOrFreeholdAssets 2022-04-01 2023-03-31 04687766 d:OtherPropertyPlantEquipment d:LeasedAssetsHeldAsLessee 2022-04-01 2023-03-31 04687766 d:CurrentFinancialInstruments 2023-03-31 04687766 d:CurrentFinancialInstruments 2022-03-31 04687766 d:CurrentFinancialInstruments d:WithinOneYear 2023-03-31 04687766 d:CurrentFinancialInstruments d:WithinOneYear 2022-03-31 04687766 d:ShareCapital 2023-03-31 04687766 d:ShareCapital 2022-03-31 04687766 d:RetainedEarningsAccumulatedLosses 2023-03-31 04687766 d:RetainedEarningsAccumulatedLosses 2022-03-31 04687766 c:FRS102 2022-04-01 2023-03-31 04687766 c:AuditExempt-NoAccountantsReport 2022-04-01 2023-03-31 04687766 c:FullAccounts 2022-04-01 2023-03-31 04687766 c:PrivateLimitedCompanyLtd 2022-04-01 2023-03-31 04687766 2 2022-04-01 2023-03-31 iso4217:GBP xbrli:pure

Registered number: 04687766









WOODHURST CONSTRUCTION LIMITED







UNAUDITED

FINANCIAL STATEMENTS

INFORMATION FOR FILING WITH THE REGISTRAR

FOR THE YEAR ENDED 31 MARCH 2023

 
WOODHURST CONSTRUCTION LIMITED
REGISTERED NUMBER: 04687766

BALANCE SHEET
AS AT 31 MARCH 2023

2023
2022
Note
£
£

Fixed assets
  

Tangible assets
 4 
352,240
481,107

  
352,240
481,107

Current assets
  

Debtors: amounts falling due within one year
 5 
2,371,978
2,200,558

Cash at bank and in hand
 6 
2,423,593
1,390,977

  
4,795,571
3,591,535

Creditors: amounts falling due within one year
 7 
(1,298,233)
(948,560)

Net current assets
  
 
 
3,497,338
 
 
2,642,975

Total assets less current liabilities
  
3,849,578
3,124,082

  

Net assets
  
3,849,578
3,124,082


Capital and reserves
  

Called up share capital 
  
2
2

Profit and loss account
  
3,849,576
3,124,080

  
3,849,578
3,124,082


Page 1

 
WOODHURST CONSTRUCTION LIMITED
REGISTERED NUMBER: 04687766
    
BALANCE SHEET (CONTINUED)
AS AT 31 MARCH 2023

The director considers that the Company is entitled to exemption from audit under section 477 of the Companies Act 2006 and members have not required the Company to obtain an audit for the year in question in accordance with section 476 of the Companies Act 2006.

The director acknowledges his responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of financial statements.

The financial statements have been prepared 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 financial statements have been delivered in accordance with the provisions applicable to companies subject to the small companies regime.

The Company has opted not to file the statement of comprehensive income in accordance with provisions applicable to companies subject to the small companies' regime.

The financial statements were approved and authorised for issue by the board and were signed on its behalf by: 




K Bailey
Director

Date: 25 January 2024

The notes on pages 3 to 6 form part of these financial statements.

Page 2

 
WOODHURST CONSTRUCTION LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2023

1.


General information

Woodhurst Construction Limited is a private company limited by shares and incorporated in England and Wales. The registered office is 101 New Cavendish Street, 1st Floor South, London, United Kingdom W1W 6XH. Its principal place of business is Maple House, High Street, Potters Bar, Herts EN6 5BS.
The financial statements are presented in Sterling, which is the functional currency of the company.

2.Accounting policies

 
2.1

Basis of preparation of financial statements

The financial statements have been prepared under the historical cost convention unless otherwise specified within these accounting policies and in accordance with Section 1A of Financial Reporting Standard 102, the Financial Reporting Standard applicable in the UK and the Republic of Ireland and the Companies Act 2006.

The following principal accounting policies have been applied:

 
2.2

Revenue

Revenue is recognised to the extent that it is probable that the economic benefits will flow to the Company and the revenue can be reliably measured. Revenue is measured as the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes. The following criteria must also be met before revenue is recognised:

Rendering of services

Revenue from a contract to provide services is recognised in the period in which the services are provided in accordance with the stage of completion of the contract when all of the following conditions are satisfied:
the amount of revenue can be measured reliably;
it is probable that the Company will receive the consideration due under the contract;
the stage of completion of the contract at the end of the reporting period can be measured reliably; and
the costs incurred and the costs to complete the contract can be measured reliably.

 
2.3

Tangible fixed assets

Tangible fixed assets under the cost model are stated at historical cost less accumulated depreciation and any accumulated impairment losses. Historical cost includes expenditure that is directly attributable to bringing the asset to the location and condition necessary for it to be capable of operating in the manner intended by management.

Page 3

 
WOODHURST CONSTRUCTION LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2023

2.Accounting policies (continued)


2.3
Tangible fixed assets (continued)

Depreciation is charged so as to allocate the cost of assets less their residual value over their estimated useful lives, as per the below.

Depreciation is provided on the following basis:

Plant and machinery
-
25%
Reducing balance method
Motor vehicles
-
25%
Reducing balance method
Racehorses
-
20%
Straight line method

The assets' residual values, useful lives and depreciation methods are reviewed, and adjusted prospectively if appropriate, or if there is an indication of a significant change since the last reporting date.

Gains and losses on disposals are determined by comparing the proceeds with the carrying amount and are recognised in profit or loss.

 
2.4

Debtors

Short-term debtors are measured at transaction price, less any impairment. Loans receivable are measured initially at fair value, net of transaction costs, and are measured subsequently at amortised cost using the effective interest method, less any impairment.

 
2.5

Cash and cash equivalents

Cash is represented by cash in hand and deposits with financial institutions repayable without penalty on notice of not more than 24 hours. Cash equivalents are highly liquid investments that mature in no more than three months from the date of acquisition and that are readily convertible to known amounts of cash with insignificant risk of change in value.

 
2.6

Creditors

Short-term creditors are measured at the transaction price. Other financial liabilities, including bank loans, are measured initially at fair value, net of transaction costs, and are measured subsequently at amortised cost using the effective interest method.

 
2.7

Finance costs

Finance costs are charged to profit or loss over the term of the debt using the effective interest method so that the amount charged is at a constant rate on the carrying amount. Issue costs are initially recognised as a reduction in the proceeds of the associated capital instrument.

 
2.8

Dividends

Equity dividends are recognised when they become legally payable. Interim equity dividends are recognised when paid. Final equity dividends are recognised when approved by the shareholders at an annual general meeting.

 
2.9

Interest income

Interest income is recognised in profit or loss using the effective interest method.

Page 4

 
WOODHURST CONSTRUCTION LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2023

2.Accounting policies (continued)

 
2.10

Taxation

Tax is recognised in profit or loss except that a charge attributable to an item of income and expense recognised as other comprehensive income or to an item recognised directly in equity is also recognised in other comprehensive income or directly in equity respectively.

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


3.


Employees

The average monthly number of employees, including directors, during the year was 3 (2022 - 3).


4.


Tangible fixed assets





Other fixed assets

£



Cost or valuation


At 1 April 2022
905,150


Additions
17,173



At 31 March 2023

922,323



Depreciation


At 1 April 2022
424,043


Charge for the year on owned assets
120,214


Charge for the year on financed assets
25,826



At 31 March 2023

570,083



Net book value



At 31 March 2023
352,240

Page 5

 
WOODHURST CONSTRUCTION LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2023

5.


Debtors

2023
2022
£
£


Trade debtors
1,304,621
268,408

Amounts owed by group undertakings
-
920,431

Other debtors
211,926
156,288

Prepayments and accrued income
855,431
855,431

2,371,978
2,200,558



6.


Cash and cash equivalents

2023
2022
£
£

Cash at bank and in hand
2,423,593
1,390,977

2,423,593
1,390,977



7.


Creditors: Amounts falling due within one year

2023
2022
£
£

Trade creditors
406,774
288,240

Corporation tax
422,580
204,629

Amounts owed to group undertakings
19,569
-

Other taxation and social security
128,615
134,058

Other creditors
3,695
4,633

Accruals and deferred income
317,000
317,000

1,298,233
948,560



8.


Related party transactions

In the prior year, dividends were paid to the parent company, Woodhurst Holdings Limited.


9.


Controlling party

The parent company is Woodhurst Holdings Limited. The registered office is 1 Woodhurst Cottages, Cattlegate Road, Enfield, Middlesex, England, EN2 8AT.
 
Page 6