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REGISTERED NUMBER: 04235308 (England and Wales)















Unaudited Financial Statements for the Year Ended 31 July 2023

for

Woodbridge & Mounsey Limited

Woodbridge & Mounsey Limited (Registered number: 04235308)






Contents of the Financial Statements
for the Year Ended 31 July 2023




Page

Balance Sheet 1

Notes to the Financial Statements 3


Woodbridge & Mounsey Limited (Registered number: 04235308)

Balance Sheet
31 July 2023

31.7.23 31.7.22
Notes £    £    £    £   
FIXED ASSETS
Intangible assets 4 - -
Tangible assets 5 5,481 5,696
5,481 5,696

CURRENT ASSETS
Stocks 15,702 16,192
Debtors 6 8,604 14,804
Cash at bank and in hand 50 18,629
24,356 49,625
CREDITORS
Amounts falling due within one year 7 29,373 30,406
NET CURRENT (LIABILITIES)/ASSETS (5,017 ) 19,219
TOTAL ASSETS LESS CURRENT
LIABILITIES

464

24,915

CREDITORS
Amounts falling due after more than one
year

8

(17,500

)

(27,500

)

PROVISIONS FOR LIABILITIES (80 ) (80 )
NET LIABILITIES (17,116 ) (2,665 )

CAPITAL AND RESERVES
Called up share capital 120 120
Retained earnings (17,236 ) (2,785 )
(17,116 ) (2,665 )

Woodbridge & Mounsey Limited (Registered number: 04235308)

Balance Sheet - continued
31 July 2023


The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 July 2023.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 July 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.

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 Statement of Income and Retained Earnings has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 6 February 2024 and were signed on its behalf by:





D M Woodbridge - Director


Woodbridge & Mounsey Limited (Registered number: 04235308)

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

1. STATUTORY INFORMATION

Woodbridge & Mounsey Limited 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: 04235308

Registered office: 138 Highgate
Kendal
Cumbria
LA9 4HE

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
Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes.

Goodwill
Goodwill, being the amount paid in connection with the acquisition of a business in 2001, is being amortised evenly over its estimated useful life of twenty years.

Intangible assets
Intangible assets are initially measured at cost. After initial recognition, intangible assets are measured at cost less any accumulated amortisation and any accumulated impairment losses.

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 - 33% on cost and 10% on reducing balance
Fixtures and fittings - 10% on reducing balance

Stocks
Stocks are valued at the lower of cost and net realisable value, after making due allowance for obsolete and slow moving items.

Taxation
Taxation for the year comprises current and deferred tax. Tax is recognised in the Statement of Income and Retained Earnings, 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.


Woodbridge & Mounsey Limited (Registered number: 04235308)

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

2. ACCOUNTING POLICIES - continued
Deferred tax
Deferred tax is recognised in respect of all 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 3 (2022 - 3 ) .

4. INTANGIBLE FIXED ASSETS
Goodwill
£   
COST
At 1 August 2022
and 31 July 2023 60,000
AMORTISATION
At 1 August 2022
and 31 July 2023 60,000
NET BOOK VALUE
At 31 July 2023 -
At 31 July 2022 -

5. TANGIBLE FIXED ASSETS
Fixtures
Plant and and
machinery fittings Totals
£    £    £   
COST
At 1 August 2022
and 31 July 2023 6,040 454 6,494
DEPRECIATION
At 1 August 2022 393 405 798
Charge for year 210 5 215
At 31 July 2023 603 410 1,013
NET BOOK VALUE
At 31 July 2023 5,437 44 5,481
At 31 July 2022 5,647 49 5,696

Woodbridge & Mounsey Limited (Registered number: 04235308)

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

6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.7.23 31.7.22
£    £   
Trade debtors 4,127 8,819
Other debtors 4,477 5,985
8,604 14,804

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.7.23 31.7.22
£    £   
Bank loans and overdrafts 10,180 10,000
Trade creditors 16,776 18,079
Taxation and social security 287 226
Other creditors 2,130 2,101
29,373 30,406

8. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
31.7.23 31.7.22
£    £   
Bank loans 17,500 27,500

9. DIRECTORS' ADVANCES, CREDITS AND GUARANTEES

The following advances and credits to a director subsisted during the years ended 31 July 2023 and 31 July 2022:

31.7.23 31.7.22
£    £   
D M Woodbridge
Balance outstanding at start of year 148 727
Amounts advanced 6,908 6,739
Amounts repaid (5,390 ) (7,318 )
Amounts written off - -
Amounts waived - -
Balance outstanding at end of year 1,666 148