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REGISTERED NUMBER: 04306284 (England and Wales)















Unaudited Financial Statements for the Year Ended 31 May 2023

for

Woollens Limited

Woollens Limited (Registered number: 04306284)






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




Page

Company Information 1

Statement of Financial Position 2

Notes to the Financial Statements 4

Chartered Certified Accountants' Report 7

Woollens Limited

Company Information
for the Year Ended 31 May 2023







DIRECTORS: P A Austin
M Gibbon





REGISTERED OFFICE: 10 High Street
Wickford
Essex
SS12 9AZ





REGISTERED NUMBER: 04306284 (England and Wales)





ACCOUNTANTS: Edison and Co
Chartered Certified Accountants
29 Herbert Road
Hornchurch
Essex
RM11 3LH

Woollens Limited (Registered number: 04306284)

Statement of Financial Position
31 May 2023

31.5.23 31.5.22
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 8,327 8,454

CURRENT ASSETS
Debtors 5 409,639 415,296
Cash at bank and in hand 6 328,271 249,624
737,910 664,920
CREDITORS
Amounts falling due within one year 7 366,458 267,696
NET CURRENT ASSETS 371,452 397,224
TOTAL ASSETS LESS CURRENT
LIABILITIES

379,779

405,678

CAPITAL AND RESERVES
Called up share capital 100 100
Retained earnings 8 379,679 405,578
379,779 405,678

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

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

Woollens Limited (Registered number: 04306284)

Statement of Financial Position - continued
31 May 2023


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 Income Statement has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 21 February 2024 and were signed on its behalf by:





M Gibbon - Director


Woollens Limited (Registered number: 04306284)

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

1. STATUTORY INFORMATION

Woollens Limited is a private company, limited by shares , registered in England and Wales. The company's registered number and registered office address can be found on the Company Information page.

The presentation currency of the financial statements is the Pound Sterling (£).


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.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Fixtures and fittings - 25% on reducing balance
Computer equipment - 25% on reducing balance

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 2 (2022 - 2 ) .

Woollens Limited (Registered number: 04306284)

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

4. TANGIBLE FIXED ASSETS
Fixtures
and Computer
fittings equipment Totals
£    £    £   
COST
At 1 June 2022 42,726 114,254 156,980
Additions 2,650 - 2,650
At 31 May 2023 45,376 114,254 159,630
DEPRECIATION
At 1 June 2022 35,686 112,840 148,526
Charge for year 2,423 354 2,777
At 31 May 2023 38,109 113,194 151,303
NET BOOK VALUE
At 31 May 2023 7,267 1,060 8,327
At 31 May 2022 7,040 1,414 8,454

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.5.23 31.5.22
£    £   
Trade debtors 306,932 300,210
Other debtors 102,707 115,086
409,639 415,296

6. CASH AT BANK AND IN HAND

Cash at bank include designated client account balances of £60,382

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.5.23 31.5.22
£    £   
Trade creditors 286,594 159,021
Taxation and social security 11,283 33,332
Other creditors 68,581 75,343
366,458 267,696

Woollens Limited (Registered number: 04306284)

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

8. RESERVES
Retained
earnings
£   

At 1 June 2022 405,578
Profit for the year 34,101
Dividends (60,000 )
At 31 May 2023 379,679

Chartered Certified Accountants' Report to the Board of Directors
on the Unaudited Financial Statements of
Woollens Limited

The following reproduces the text of the report prepared for the directors in respect of the company's annual unaudited financial statements. In accordance with the Companies Act 2006, the company is only required to file a Statement of Financial Position. Readers are cautioned that the Income Statement and certain other primary statements and the Report of the Directors are not required to be filed with the Registrar of Companies.

In order to assist you to fulfil your duties under the Companies Act 2006, we have prepared for your approval the financial statements of Woollens Limited for the year ended 31 May 2023 which comprise the Income Statement, Statement of Financial Position and the related notes from the company's accounting records and from information and explanations you have given us.

As a practising member firm of the Association of Chartered Certified Accountants, we are subject to its ethical and other professional requirements which are detailed at http://www.accaglobal.com/rulebook.

This report is made solely to the Board of Directors of Woollens Limited, as a body, in accordance with our terms of engagement. Our work has been undertaken solely to prepare for your approval the financial statements of Woollens Limited and state those matters that we have agreed to state to the Board of Directors of Woollens Limited, as a body, in this report in accordance with the requirements of the Association of Chartered Certified Accountants as detailed at http://www.accaglobal.com/factsheet163. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than the company and its Board of Directors, as a body, for our work or for this report.

It is your duty to ensure that Woollens Limited has kept adequate accounting records and to prepare statutory financial statements that give a true and fair view of the assets, liabilities, financial position and profit of Woollens Limited. You consider that Woollens 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 financial statements of Woollens 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 financial statements.






Edison and Co
Chartered Certified Accountants
29 Herbert Road
Hornchurch
Essex
RM11 3LH


21 February 2024