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REGISTERED NUMBER: 07352735 (England and Wales)














Unaudited Financial Statements

for the Year Ended 30 August 2023

for

Woodroyd Solutions Limited

Woodroyd Solutions Limited (Registered number: 07352735)






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




Page

Balance Sheet 1

Notes to the Financial Statements 3


Woodroyd Solutions Limited (Registered number: 07352735)

Balance Sheet
30 August 2023

2023 2022
Notes £    £    £    £   
FIXED ASSETS
Intangible assets 4 780 1,170
Tangible assets 5 265,500 296,172
266,280 297,342

CURRENT ASSETS
Stocks 77,815 71,489
Debtors 6 494,452 517,110
Cash at bank 270,020 382,712
842,287 971,311
CREDITORS
Amounts falling due within one year 7 719,488 743,744
NET CURRENT ASSETS 122,799 227,567
TOTAL ASSETS LESS CURRENT LIABILITIES 389,079 524,909

CREDITORS
Amounts falling due after more than one year 8 (57,924 ) (86,515 )

PROVISIONS FOR LIABILITIES (50,340 ) (56,160 )
NET ASSETS 280,815 382,234

CAPITAL AND RESERVES
Called up share capital 10 10
Retained earnings 280,805 382,224
SHAREHOLDERS' FUNDS 280,815 382,234

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

The members have not required the company to obtain an audit of its financial statements for the year ended 30 August 2023 in accordance with Section 476 of the Companies Act 2006.

The director acknowledges his 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.

Woodroyd Solutions Limited (Registered number: 07352735)

Balance Sheet - continued
30 August 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 Profit and Loss Account has not been delivered.

The financial statements were approved by the director and authorised for issue on 28 January 2024 and were signed by:





Mr Richard Howard Austin - Director


Woodroyd Solutions Limited (Registered number: 07352735)

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

1. STATUTORY INFORMATION

Woodroyd Solutions Limited is a private company, limited by shares , registered in England and Wales. The company's registered number and registered office address are as below:

Registered number: 07352735

Registered office: Engineering Workshop
Tunstead Quarry
Buxton
SK17 8TG

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.

Revenue is recognised as the company becomes entitled to consideration for the services supplied.

Intangible assets
Intangible assets are initially measured at cost. After initial recognition, intangible assets are measured at cost less any accumulated amortisation and any accumulated impairment losses.

Computer software is being amortised evenly over its estimated useful life of five years.

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.
Plant and machinery - 10% on reducing balance
Fixtures and fittings - 20% on reducing balance
Motor vehicles - 20% on cost and 10% on reducing balance
Computer equipment - 25% on cost

Stocks
Work in progress is valued at the lower of cost and net realisable value.

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 Profit and Loss Account, 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.


Woodroyd Solutions Limited (Registered number: 07352735)

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

2. ACCOUNTING POLICIES - continued
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.

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 20 (2022 - 21 ) .

4. INTANGIBLE FIXED ASSETS
Computer
software
£   
COST
At 31 August 2022
and 30 August 2023 1,950
AMORTISATION
At 31 August 2022 780
Amortisation for year 390
At 30 August 2023 1,170
NET BOOK VALUE
At 30 August 2023 780
At 30 August 2022 1,170

Woodroyd Solutions Limited (Registered number: 07352735)

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

5. TANGIBLE FIXED ASSETS
Fixtures
Plant and and Motor Computer
machinery fittings vehicles equipment Totals
£    £    £    £    £   
COST
At 31 August 2022 305,496 330 157,038 8,209 471,073
Additions 5,931 980 - - 6,911
At 30 August 2023 311,427 1,310 157,038 8,209 477,984
DEPRECIATION
At 31 August 2022 130,348 330 38,378 5,845 174,901
Charge for year 18,111 196 18,244 1,032 37,583
At 30 August 2023 148,459 526 56,622 6,877 212,484
NET BOOK VALUE
At 30 August 2023 162,968 784 100,416 1,332 265,500
At 30 August 2022 175,148 - 118,660 2,364 296,172

Fixed assets, included in the above, which are held under hire purchase contracts are as follows:
Plant and Motor
machinery vehicles Totals
£    £    £   
COST
At 31 August 2022
and 30 August 2023 25,230 88,500 113,730
DEPRECIATION
At 31 August 2022 4,794 8,850 13,644
Charge for year 2,044 7,965 10,009
At 30 August 2023 6,838 16,815 23,653
NET BOOK VALUE
At 30 August 2023 18,392 71,685 90,077
At 30 August 2022 20,436 79,650 100,086

6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Trade debtors 489,911 511,281
Other debtors 4,541 5,829
494,452 517,110

Woodroyd Solutions Limited (Registered number: 07352735)

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

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Bank loans and overdrafts 10,000 10,000
Hire purchase contracts 18,592 22,340
Trade creditors 363,125 342,974
Amounts owed to group undertakings 37,911 75,411
Taxation and social security 225,506 228,406
Other creditors 64,354 64,613
719,488 743,744

8. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR
2023 2022
£    £   
Bank loans 18,333 28,333
Hire purchase contracts 39,591 58,182
57,924 86,515

9. SECURED DEBTS

The following secured debts are included within creditors:

2023 2022
£    £   
Hire purchase contracts 58,183 80,522

The Hire Purchase debts are secured against the asset to which they relate.

10. ULTIMATE CONTROLLING PARTY

The ultimate controlling party is Mr R H Austin by virtue of his shareholding in R H Austin Limited.