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REGISTERED NUMBER: 10886158 (England and Wales)















Unaudited Financial Statements

for the Year Ended 31 July 2023

for

Woodlea Food Ingredients Limited

Woodlea Food Ingredients Limited (Registered number: 10886158)






Contents of the Financial Statements
for the year ended 31 July 2023




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


Woodlea Food Ingredients Limited

Company Information
for the year ended 31 July 2023







DIRECTORS: P D King
A King





REGISTERED OFFICE: 1 Cherry Tree Fold
East Cowick
Goole
DN14 9FT





REGISTERED NUMBER: 10886158 (England and Wales)





ACCOUNTANTS: D'Arcy Howard & Co Leeds
Chartered Certified Accountants
207 Bradford Road
Stanningley
Pudsey
Leeds
West Yorkshire
LS28 6QB

Woodlea Food Ingredients Limited (Registered number: 10886158)

Balance Sheet
31 July 2023

2023 2022
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 14,197 19,092

CURRENT ASSETS
Stocks 74,690 33,563
Debtors 5 119,359 55,076
Cash at bank and in hand 84,956 24,458
279,005 113,097
CREDITORS
Amounts falling due within one year 6 170,931 67,001
NET CURRENT ASSETS 108,074 46,096
TOTAL ASSETS LESS CURRENT
LIABILITIES

122,271

65,188

CREDITORS
Amounts falling due after more than one
year

7

(16,230

)

(23,420

)

PROVISIONS FOR LIABILITIES 8 (2,697 ) (3,627 )
NET ASSETS 103,344 38,141

CAPITAL AND RESERVES
Called up share capital 9 125 100
Retained earnings 103,219 38,041
SHAREHOLDERS' FUNDS 103,344 38,141

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.

Woodlea Food Ingredients Limited (Registered number: 10886158)

Balance Sheet - continued
31 July 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 26 February 2024 and were signed on its behalf by:





P D King - Director


Woodlea Food Ingredients Limited (Registered number: 10886158)

Notes to the Financial Statements
for the year ended 31 July 2023

1. STATUTORY INFORMATION

Woodlea Food Ingredients 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.

The company is dependent upon the financial support of its creditors. The financial statements have been prepared on the basis that this financial support will continue.

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 or, if held under a finance lease, over the lease term, whichever is the shorter.

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 Income Statement, 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.

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.

Woodlea Food Ingredients Limited (Registered number: 10886158)

Notes to the Financial Statements - continued
for the year ended 31 July 2023

2. ACCOUNTING POLICIES - continued

Hire purchase and leasing commitments
Assets obtained under hire purchase contracts or finance leases are capitalised in the balance sheet. Those held under hire purchase contracts are depreciated over their estimated useful lives. Those held under finance leases are depreciated over their estimated useful lives or the lease term, whichever is the shorter.

The interest element of these obligations is charged to profit or loss over the relevant period. The capital element of the future payments is treated as a liability.

Rentals paid under operating leases are charged to profit or loss on a straight line basis over the period of the lease.

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 ) .

4. TANGIBLE FIXED ASSETS
Motor Computer
vehicles equipment Totals
£    £    £   
COST
At 1 August 2022
and 31 July 2023 25,000 836 25,836
DEPRECIATION
At 1 August 2022 6,251 493 6,744
Charge for year 4,687 208 4,895
At 31 July 2023 10,938 701 11,639
NET BOOK VALUE
At 31 July 2023 14,062 135 14,197
At 31 July 2022 18,749 343 19,092

Woodlea Food Ingredients Limited (Registered number: 10886158)

Notes to the Financial Statements - continued
for the year ended 31 July 2023

4. TANGIBLE FIXED ASSETS - continued

Fixed assets, included in the above, which are held under hire purchase contracts are as follows:
Motor
vehicles
£   
COST
At 1 August 2022
and 31 July 2023 25,000
DEPRECIATION
At 1 August 2022 6,251
Charge for year 4,687
At 31 July 2023 10,938
NET BOOK VALUE
At 31 July 2023 14,062
At 31 July 2022 18,749

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Trade debtors 52,003 11,491
Other debtors 67,356 43,585
119,359 55,076

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Bank loans and overdrafts 2,400 2,400
Hire purchase contracts 4,789 4,789
Trade creditors 145,972 51,524
Taxation and social security 16,240 7,413
Other creditors 1,530 875
170,931 67,001

7. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
2023 2022
£    £   
Bank loans 4,800 7,200
Hire purchase contracts 11,430 16,220
16,230 23,420

8. PROVISIONS FOR LIABILITIES
2023 2022
£    £   
Deferred tax 2,697 3,627

Woodlea Food Ingredients Limited (Registered number: 10886158)

Notes to the Financial Statements - continued
for the year ended 31 July 2023

8. PROVISIONS FOR LIABILITIES - continued

Deferred
tax
£   
Balance at 1 August 2022 3,627
Credit to Income Statement during year (930 )
Balance at 31 July 2023 2,697

The provision for deferred taxation is made up of accelerated capital allowances.

9. CALLED UP SHARE CAPITAL



Allotted, issued and fully paid:
Number: Class: Nominal 2023 2022
value: £    £   
100 Ordinary £1 100 100
25 A Ordinary £1 25 -
125 100

25 A Ordinary shares of £1 each were allotted and fully paid for cash at par during the year.

10. 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:

2023 2022
£    £   
P D King
Balance outstanding at start of year 9,452 -
Amounts advanced - 9,452
Amounts repaid (9,452 ) -
Amounts written off - -
Amounts waived - -
Balance outstanding at end of year - 9,452

The above movements represent aggregate amounts.

The loan was interest free and repayable on demand.

11. ULTIMATE CONTROLLING PARTY

The controlling party is P D King.