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
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
Wooldridge Interiors Ltd
Statement of financial position
as at 31 October 2023
Tangible assets
53,272
81,945
Inventories
110,156
114,517
Cash at bank and in hand
12,969
8,237
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)
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
Wooldridge Interiors Ltd
Notes to the Accounts
for the year ended 31 October 2023
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.
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.
The accounts have been prepared under the historical cost convention as modified by the revaluation of certain fixed assets.
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
At 31 October 2023
29,120
78,966
108,086
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
At 31 October 2023
9,707
43,565
53,272
At 31 October 2022
16,987
64,958
81,945
Wooldridge Interiors Ltd
Notes to the Accounts
for the year ended 31 October 2023
Amounts falling due within one year
Accrued income and prepayments
4,459
1,643
6
Creditors: amounts falling due within one year
2023
2022
Bank loans and overdrafts
16,668
16,668
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
7
Creditors: amounts falling due after more than one year
2023
2022
Obligations under finance leases and hire purchase contracts
14,687
18,811
8
Average number of employees
During the year the average number of employees was 3 (2022: 3).