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REGISTERED NUMBER: 12337133 (England and Wales)















Financial Statements for the Year Ended 30 November 2023

for

Wood Brothers Ltd

Wood Brothers Ltd (Registered number: 12337133)






Contents of the Financial Statements
for the Year Ended 30 November 2023




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4

Report of the Accountant 7

Wood Brothers Ltd

Company Information
for the Year Ended 30 November 2023







DIRECTORS: Mr Nigel Alexander Spooner
Mr Clifford J Spooner





SECRETARY:





REGISTERED OFFICE: 50 Dane Road
Warlingham
Surrey
CR6 9NP





REGISTERED NUMBER: 12337133 (England and Wales)





ACCOUNTANT: Marden & Co Accountants Limited
45 Nork Way
Banstead
Surrey
SM7 1PB

Wood Brothers Ltd (Registered number: 12337133)

Balance Sheet
30 November 2023

2023 2022
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 8,995 8,627

CURRENT ASSETS
Debtors 5 64,509 68,201
Cash at bank 22,876 14,455
87,385 82,656
CREDITORS
Amounts falling due within one year 6 81,160 69,968
NET CURRENT ASSETS 6,225 12,688
TOTAL ASSETS LESS CURRENT
LIABILITIES

15,220

21,315

CREDITORS
Amounts falling due after more than one
year

7

14,984

20,948
NET ASSETS 236 367

CAPITAL AND RESERVES
Called up share capital 8 100 100
Retained earnings 136 267
SHAREHOLDERS' FUNDS 236 367

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 30 November 2023.

The members have not required the company to obtain an audit of its financial statements for the year ended 30 November 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.

Wood Brothers Ltd (Registered number: 12337133)

Balance Sheet - continued
30 November 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 27 February 2024 and were signed on its behalf by:





Mr Nigel Alexander Spooner - Director


Wood Brothers Ltd (Registered number: 12337133)

Notes to the Financial Statements
for the Year Ended 30 November 2023

1. STATUTORY INFORMATION

Wood Brothers Ltd 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.

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.
Motor vehicles - 25% on cost
Computer equipment - 33% on cost

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.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was NIL (2022 - NIL).

Wood Brothers Ltd (Registered number: 12337133)

Notes to the Financial Statements - continued
for the Year Ended 30 November 2023

4. TANGIBLE FIXED ASSETS
Motor Computer
vehicles equipment Totals
£    £    £   
COST
At 1 December 2022 26,633 1,288 27,921
Additions 7,495 - 7,495
At 30 November 2023 34,128 1,288 35,416
DEPRECIATION
At 1 December 2022 18,006 1,288 19,294
Charge for year 7,127 - 7,127
At 30 November 2023 25,133 1,288 26,421
NET BOOK VALUE
At 30 November 2023 8,995 - 8,995
At 30 November 2022 8,627 - 8,627

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Trade debtors 4,971 15,632
Other debtors 59,538 52,569
64,509 68,201

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Bank loans and overdrafts 3,410 17,630
Trade creditors 10,113 23,635
Taxation and social security 67,262 35,518
Other creditors 375 (6,815 )
81,160 69,968

7. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
2023 2022
£    £   
Bank loans 14,984 20,948

8. CALLED UP SHARE CAPITAL

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

Wood Brothers Ltd (Registered number: 12337133)

Notes to the Financial Statements - continued
for the Year Ended 30 November 2023

9. DIRECTORS' ADVANCES, CREDITS AND GUARANTEES

The following advances and credits to a director subsisted during the years ended 30 November 2023 and 30 November 2022:

2023 2022
£    £   
Mr Nigel Alexander Spooner
Balance outstanding at start of year 51,984 39,952
Amounts advanced - 51,984
Amounts repaid - (39,952 )
Amounts written off - -
Amounts waived - -
Balance outstanding at end of year - 51,984

Wood Brothers Ltd

Report of the Accountant to the Directors of
Wood Brothers Ltd

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 Balance Sheet. 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.

As described on the Balance Sheet you are responsible for the preparation of the financial statements for the year ended 30 November 2023 set out on page nil and you consider that the company is exempt from an audit.

In accordance with your instructions, I have compiled these unaudited financial statements in order to assist you to fulfil your statutory responsibilities, from the accounting records and information and explanations supplied to me.






Marden & Co Accountants Limited
45 Nork Way
Banstead
Surrey
SM7 1PB


27 February 2024