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Company Registration No. 12260900 (England and Wales)
Wooldridge Interiors Ltd Unaudited accounts for the year ended 31 October 2023
Wooldridge Interiors Ltd Unaudited accounts Contents
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Wooldridge Interiors Ltd Company Information for the year ended 31 October 2023
Directors
Wendy Wooldridge Sabrina Wooldridge
Company Number
12260900 (England and Wales)
Registered Office
Unit 9 Riverbank Hurstake Road Newport Isle of Wight PO30 5UU
Accountants
Vision Accounting Fortis House Cothey Way Ryde Isle of Wight PO33 1QT
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Wooldridge Interiors Ltd Statement of financial position as at 31 October 2023
2023 
2022 
Notes
£ 
£ 
Fixed assets
Tangible assets
53,272 
81,945 
Current assets
Inventories
110,156 
114,517 
Debtors
5,892 
8,574 
Cash at bank and in hand
12,969 
8,237 
129,017 
131,328 
Creditors: amounts falling due within one year
(192,745)
(180,336)
Net current liabilities
(63,728)
(49,008)
Total assets less current liabilities
(10,456)
32,937 
Creditors: amounts falling due after more than one year
(25,795)
(46,587)
Net liabilities
(36,251)
(13,650)
Capital and reserves
Called up share capital
2 
2 
Profit and loss account
(36,253)
(13,652)
Shareholders' funds
(36,251)
(13,650)
For the year ending 31 October 2023 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies. The members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.
The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.
These accounts have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies' regime and in accordance with the provisions of FRS 102 Section 1A - Small Entities. The profit and loss account has not been delivered to the Registrar of Companies.
The financial statements were approved by the Board of Directors and authorised for issue on 19 March 2024 and were signed on its behalf by
Wendy Wooldridge Director Company Registration No. 12260900
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Wooldridge Interiors Ltd Notes to the Accounts for the year ended 31 October 2023
1
Statutory information
Wooldridge Interiors Ltd is a private company, limited by shares, registered in England and Wales, registration number 12260900. The registered office is Unit 9 Riverbank, Hurstake Road, Newport, Isle of Wight, PO30 5UU.
2
Compliance with accounting standards
The accounts have been prepared in accordance with the provisions of FRS 102 Section 1A Small Entities. There were no material departures from that standard.
3
Accounting policies
The principal accounting policies adopted in the preparation of the financial statements are set out below and have remained unchanged from the previous year, and also have been consistently applied within the same accounts.
Basis of preparation
The accounts have been prepared under the historical cost convention as modified by the revaluation of certain fixed assets.
Presentation currency
The accounts are presented in £ sterling.
Tangible fixed assets and depreciation
Tangible assets are included at cost less depreciation and impairment. Depreciation has been provided at the following rates in order to write off the assets over their estimated useful lives:
Plant & machinery
25% Straight Line
Fixtures & fittings
33.3% Straight Line
4
Tangible fixed assets
Plant & machinery 
Fixtures & fittings 
Total 
£ 
£ 
£ 
Cost or valuation
At cost 
At cost 
At 1 November 2022
29,120 
75,131 
104,251 
Additions
- 
3,835 
3,835 
At 31 October 2023
29,120 
78,966 
108,086 
Depreciation
At 1 November 2022
12,133 
10,173 
22,306 
Charge for the year
7,280 
25,228 
32,508 
At 31 October 2023
19,413 
35,401 
54,814 
Net book value
At 31 October 2023
9,707 
43,565 
53,272 
At 31 October 2022
16,987 
64,958 
81,945 
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Wooldridge Interiors Ltd Notes to the Accounts for the year ended 31 October 2023
5
Debtors
2023 
2022 
£ 
£ 
Amounts falling due within one year
VAT
- 
6,694 
Trade debtors
1,433 
- 
Accrued income and prepayments
4,459 
1,643 
Other debtors
- 
237 
5,892 
8,574 
6
Creditors: amounts falling due within one year
2023 
2022 
£ 
£ 
Bank loans and overdrafts
16,668 
16,668 
VAT
3,275 
- 
Obligations under finance leases and hire purchase contracts
4,124 
4,124 
Trade creditors
(2,000)
4,693 
Taxes and social security
77 
- 
Loans from directors
169,840 
153,306 
Accruals
500 
522 
Deferred income
261 
1,023 
192,745 
180,336 
7
Creditors: amounts falling due after more than one year
2023 
2022 
£ 
£ 
Bank loans
11,108 
27,776 
Obligations under finance leases and hire purchase contracts
14,687 
18,811 
25,795 
46,587 
8
Average number of employees
During the year the average number of employees was 3 (2022: 3).
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