Registered number
11378246
Woodberry Grove Ltd
Filleted Accounts
31 May 2023
Woodberry Grove Ltd
Registered number: 11378246
Balance Sheet
as at 31 May 2023
Notes 2023 2022
£ £
Fixed assets
Tangible assets 3 54,535 57,846
Current assets
Stocks 1,560 1,280
Debtors 4 12,000 12,000
Cash at bank and in hand 13,416 13,975
26,976 27,255
Creditors: amounts falling due within one year 5 (35,299) (31,063)
Net current liabilities (8,323) (3,808)
Total assets less current liabilities 46,212 54,038
Creditors: amounts falling due after more than one year 6 (18,233) (38,835)
Net assets 27,979 15,203
Capital and reserves
Called up share capital 100 100
Profit and loss account 27,879 15,103
Shareholders' funds 27,979 15,203
The directors are satisfied that the company is entitled to exemption from the requirement to obtain an audit under section 477 of the Companies Act 2006.
The members have not required the company to obtain an audit in accordance with section 476 of the Act.
The directors acknowledge their responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of accounts.
The accounts have been prepared and delivered in accordance with the special provisions applicable to companies subject to the small companies regime. The profit and loss account has not been delivered to the Registrar of Companies.
Mrs Mige Kocadag
Director
Approved by the board on 8 December 2023
Woodberry Grove Ltd
Notes to the Accounts
for the year ended 31 May 2023
1 Accounting policies
Basis of preparation
The accounts have been prepared under the historical cost convention and in accordance with FRS 102, The Financial Reporting Standard applicable in the UK and Republic of Ireland (as applied to small entities by section 1A of the standard).
Turnover
Turnover is measured at the fair value of the consideration received or receivable, net of discounts and value added taxes. Turnover includes revenue earned from the sale of goods. Turnover from the sale of goods is recognised when the significant risks and rewards of ownership of the goods have transferred to the buyer.
Tangible fixed assets
Tangible fixed assets are measured at cost less accumulative depreciation and any accumulative impairment losses. Depreciation is provided on all tangible fixed assets, other than on leasehold property at rates calculated to write off the cost, less estimated residual value, as follows:
Plant and machinery 18% Reducing balance
Stocks
Stocks are measured at the lower of cost and estimated selling price less costs to complete and sell. Cost is determined using the first in first out method. The carrying amount of stock sold is recognised as an expense in the period in which the related revenue is recognised.
Debtors
Short term debtors are measured at transaction price (which is usually the invoice price), less any impairment losses for bad and doubtful debts.
Creditors
Short term creditors are measured at transaction price (which is usually the invoice price).
Taxation
A corporation tax liability is recognised for the tax payable on the taxable profit of the current and past periods. Corporation tax liability is not discounted.
2 Employees 2023 2022
Number Number
Average number of persons employed by the company 6 6
3 Tangible fixed assets
Leasehold Property Fix,fittings & equipment Total
£ £ £
Cost
At 1 June 2022 39,451 24,686 64,137
At 31 May 2023 39,451 24,686 64,137
Depreciation
At 1 June 2022 - 6,291 6,291
Charge for the year - 3,311 3,311
At 31 May 2023 - 9,602 9,602
Net book value
At 31 May 2023 39,451 15,084 54,535
At 31 May 2022 39,451 18,395 57,846
4 Debtors 2023 2022
£ £
Deposit paid 12,000 12,000
5 Creditors: amounts falling due within one year 2023 2022
£ £
Bank loans 10,800 -
Trade creditors 9,929 21,384
Taxation and social security costs 14,570 9,679
35,299 31,063
6 Creditors: amounts falling due after one year 2023 2022
£ £
Bank loans 18,233 38,835
7 Other information
Woodberry Grove Ltd is a private company limited by shares and incorporated in England. Its registered office is:
151 Woodberry Grove
London
N4 2SB
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