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REGISTERED NUMBER: 05475032 (England and Wales)












UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 30 SEPTEMBER 2023

FOR

WOODROSE CARPENTRY CONTRACTORS LIMITED

WOODROSE CARPENTRY CONTRACTORS LIMITED (REGISTERED NUMBER: 05475032)






CONTENTS OF THE FINANCIAL STATEMENTS
for the year ended 30 September 2023




Page

Company Information 1

Abridged Balance Sheet 2

Notes to the Financial Statements 4


WOODROSE CARPENTRY CONTRACTORS LIMITED

COMPANY INFORMATION
for the year ended 30 September 2023







DIRECTORS: D E Timms
Mrs L Timms
R Davies



SECRETARY: Mrs L Timms



REGISTERED OFFICE: Unit 5 Centech Park Fringe
Meadow Road
Moons Moat North
Redditch
Worcestershire
B98 9NR



REGISTERED NUMBER: 05475032 (England and Wales)



BANKERS: Lloyds Bank PLC
73 The Parade
Leamington Spa
Warwickshire
CV32 4BB

WOODROSE CARPENTRY CONTRACTORS LIMITED (REGISTERED NUMBER: 05475032)

ABRIDGED BALANCE SHEET
30 September 2023

2023 2022
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 39,821 76,293

CURRENT ASSETS
Stocks 165,876 148,410
Debtors 372,587 495,444
Cash at bank and in hand 433,108 594,321
971,571 1,238,175
CREDITORS
Amounts falling due within one year 456,619 455,054
NET CURRENT ASSETS 514,952 783,121
TOTAL ASSETS LESS CURRENT
LIABILITIES

554,773

859,414

CREDITORS
Amounts falling due after more than one
year

(6,976

)

(20,930

)

PROVISIONS FOR LIABILITIES (3,390 ) (2,063 )
NET ASSETS 544,407 836,421

CAPITAL AND RESERVES
Called up share capital 7 21 21
Retained earnings 544,386 836,400
SHAREHOLDERS' FUNDS 544,407 836,421

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

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

WOODROSE CARPENTRY CONTRACTORS LIMITED (REGISTERED NUMBER: 05475032)

ABRIDGED BALANCE SHEET - continued
30 September 2023


The financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime.

All the members have consented to the preparation of an abridged Balance Sheet for the year ended 30 September 2023 in accordance with Section 444(2A) of the Companies Act 2006.

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:





D E Timms - Director


WOODROSE CARPENTRY CONTRACTORS LIMITED (REGISTERED NUMBER: 05475032)

NOTES TO THE FINANCIAL STATEMENTS
for the year ended 30 September 2023

1. STATUTORY INFORMATION

Woodrose Carpentry Contractors 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.

2. ACCOUNTING POLICIES

Basis of preparing the financial statements
These financial statements have been prepared in accordance with the provisions of Section 1A "Small Entities" of Financial Reporting Standard 102 "The Financial Reporting Standard applicable in the UK and Republic of Ireland" and the Companies Act 2006.

The financial statements are presented in sterling which is the functional currency of the company and is rounded to the nearest £1.

Turnover
Turnover comprises the value of sales (net of value added tax) of goods and services provided in the normal course of business. Revenue is recognised in respect of service contracts when the company obtains the right to consideration.

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.
Fixtures, fittings and equipment - 25% on reducing balance
Motor vehicles - 25% on reducing balance

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

Cost is calculated using the first-in, first-out method and includes all purchase, transport, and handling costs in bringing stocks to their present location and condition.

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.

WOODROSE CARPENTRY CONTRACTORS LIMITED (REGISTERED NUMBER: 05475032)

NOTES TO THE FINANCIAL STATEMENTS - continued
for the year ended 30 September 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 14 (2022 - 14 ) .

4. TANGIBLE FIXED ASSETS
Totals
£   
COST
At 1 October 2022 156,879
Additions 807
Disposals (75,382 )
At 30 September 2023 82,304
DEPRECIATION
At 1 October 2022 80,586
Charge for year 13,273
Eliminated on disposal (51,376 )
At 30 September 2023 42,483
NET BOOK VALUE
At 30 September 2023 39,821
At 30 September 2022 76,293

WOODROSE CARPENTRY CONTRACTORS LIMITED (REGISTERED NUMBER: 05475032)

NOTES TO THE FINANCIAL STATEMENTS - continued
for the year ended 30 September 2023

4. TANGIBLE FIXED ASSETS - continued

Fixed assets, included in the above, which are held under hire purchase contracts are as follows:

Totals
£   
COST
At 1 October 2022
and 30 September 2023 58,810
DEPRECIATION
At 1 October 2022 14,703
Charge for year 11,026
At 30 September 2023 25,729
NET BOOK VALUE
At 30 September 2023 33,081
At 30 September 2022 44,107

5. LEASING AGREEMENTS

Minimum lease payments fall due as follows:

Hire purchase contracts
2023 2022
£    £   
Net obligations repayable:
Within one year 13,953 13,953
Between one and five years 6,976 20,930
20,929 34,883

Non-cancellable operating leases
2023 2022
£    £   
Within one year 43,934 31,686
Between one and five years 63,482 52,300
107,416 83,986

6. SECURED DEBTS

The following secured debts are included within creditors:

2023 2022
£    £   
Hire purchase contracts 20,929 34,883

The hire purchase is secured on the assets concerned.

WOODROSE CARPENTRY CONTRACTORS LIMITED (REGISTERED NUMBER: 05475032)

NOTES TO THE FINANCIAL STATEMENTS - continued
for the year ended 30 September 2023

7. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 2023 2022
value: £    £   
20 Ordinary £1 20 20
1 Ordinary B £1 1 1
21 21

8. PENSION COMMITMENTS

The company operates a defined contribution pension scheme in respect of the directors and certain employees. The scheme and its assets are held by independent managers. The pension charge represents contributions due from the company and amounted to £93,699 (2022 - £91,550). At the year end there was a balance outstanding amounting to £1,015 (2022 - £954).