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REGISTERED NUMBER: SC266419 (Scotland)















UNAUDITED FINANCIAL STATEMENTS FOR THE YEAR ENDED 30 APRIL 2023

FOR

WOODBURN & WALKER LIMITED

WOODBURN & WALKER LIMITED (REGISTERED NUMBER: SC266419)






CONTENTS OF THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 APRIL 2023




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


WOODBURN & WALKER LIMITED

COMPANY INFORMATION
FOR THE YEAR ENDED 30 APRIL 2023







DIRECTORS: K J Walker
Mrs C E V Walker





SECRETARY: A.C. Morrison & Richards LLP





REGISTERED OFFICE: 18 Bon Accord Crescent
Aberdeen
AB11 6XY





REGISTERED NUMBER: SC266419 (Scotland)

WOODBURN & WALKER LIMITED (REGISTERED NUMBER: SC266419)

BALANCE SHEET
30 APRIL 2023

2023 2022
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 5 432,877 440,894
Investments 6 50 50
Investment property 7 1,026,992 1,026,992
1,459,919 1,467,936

CURRENT ASSETS
Stocks 1,500 1,500
Debtors 8 1,068,113 743,246
Cash at bank and in hand 72,507 239,815
1,142,120 984,561
CREDITORS
Amounts falling due within one year 9 720,110 711,437
NET CURRENT ASSETS 422,010 273,124
TOTAL ASSETS LESS CURRENT
LIABILITIES

1,881,929

1,741,060

CREDITORS
Amounts falling due after more than one
year

10

(388,743

)

(433,511

)

PROVISIONS FOR LIABILITIES (28,640 ) (26,858 )
NET ASSETS 1,464,546 1,280,691

CAPITAL AND RESERVES
Called up share capital 100 100
Revaluation reserve 12 (132,567 ) (132,567 )
Retained earnings 1,597,013 1,413,158
SHAREHOLDERS' FUNDS 1,464,546 1,280,691

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

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

WOODBURN & WALKER LIMITED (REGISTERED NUMBER: SC266419)

BALANCE SHEET - continued
30 APRIL 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 19 January 2024 and were signed on its behalf by:




K J Walker - Director



Mrs C E V Walker - Director


WOODBURN & WALKER LIMITED (REGISTERED NUMBER: SC266419)

NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 APRIL 2023

1. STATUTORY INFORMATION

Woodburn & Walker Limited is a private company, limited by shares , registered in Scotland. The company's registered number and registered office address can be found on the Company Information page.

2. STATEMENT OF COMPLIANCE

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.

3. ACCOUNTING POLICIES

Basis of preparing the financial statements
The presentation currency of the financial statements is the Pound Sterling (£). Monetary amounts in these financial statements are rounded to the nearest pound.

Going concern
At the time of approving the financial statements, the directors have a reasonable expectation that the company has adequate resources to continue in operational existence for the foreseeable future. Thus the directors continue to adopt the going concern basis of accounting in preparing the financial statements.

Significant judgements and estimates
In the application of the company's accounting policies, the directors are required to make judgements, estimates and assumptions about the carrying amount of assets and liabilities that are not readily apparent from other sources. The estimates and associated assumptions are based on historical experience and other factors that are considered to be relevant. Actual results may differ from these estimates.

The estimates and underlying assumptions are reviewed on an ongoing basis. Revisions to accounting estimates are recognised in the period in which the estimate is revised where the revision affects only that period, or in the period of the revision and future periods where the revision affects both current and future periods.

The directors consider that there are no estimates and underlying assumptions which have a significant risk of causing a material adjustment to the carrying amount of the assets and liabilities.

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.
Land and buildings - Straight line over 50 years
Plant and machinery etc - 20% on reducing balance

Investment property
Investment property is shown at most recent valuation. Any aggregate surplus or deficit arising from changes in fair value is recognised in profit or loss.

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


WOODBURN & WALKER LIMITED (REGISTERED NUMBER: SC266419)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 30 APRIL 2023

3. ACCOUNTING POLICIES - continued
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.

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.

Cash and cash equivalents
Cash and cash equivalents include cash in hand, deposits held in call with banks, other short-term liquid investments with original maturities of three months or less, and bank overdrafts. Bank overdrafts are shown within borrowings in current liabilities.

4. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 29 (2022 - 26 ) .

5. TANGIBLE FIXED ASSETS
Plant and
Land and machinery
buildings etc Totals
£    £    £   
COST
At 1 May 2022 613,274 66,554 679,828
Additions - 7,927 7,927
Disposals - (500 ) (500 )
At 30 April 2023 613,274 73,981 687,255
DEPRECIATION
At 1 May 2022 187,024 51,910 238,934
Charge for year 11,813 3,875 15,688
Eliminated on disposal - (244 ) (244 )
At 30 April 2023 198,837 55,541 254,378
NET BOOK VALUE
At 30 April 2023 414,437 18,440 432,877
At 30 April 2022 426,250 14,644 440,894

WOODBURN & WALKER LIMITED (REGISTERED NUMBER: SC266419)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 30 APRIL 2023

5. TANGIBLE FIXED ASSETS - continued

Included in land and buildings is land costing £22,640 (2022 - £22,640) which is not depreciated.

6. FIXED ASSET INVESTMENTS

Investments (neither listed nor unlisted) were as follows:
2023 2022
£    £   
Ringlink shares 50 50

7. INVESTMENT PROPERTY
Total
£   
FAIR VALUE
At 1 May 2022
and 30 April 2023 1,026,992
NET BOOK VALUE
At 30 April 2023 1,026,992
At 30 April 2022 1,026,992

The fair value of the investment properties have been arrived at on the basis of a valuation carried out at 30 April 2023 by the directors. The valuation was made on an open market value basis by reference to market evidence of transaction prices for similar properties.

8. DEBTORS
2023 2022
£    £   
Amounts falling due within one year:
Trade debtors 3,952 2,756
Other debtors 6,100 5,490
10,052 8,246

Amounts falling due after more than one year:
Other debtors 1,058,061 735,000

Aggregate amounts 1,068,113 743,246

9. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Bank loans and overdrafts 64,203 59,522
Trade creditors 15,146 17,301
Taxation and social security 55,618 51,322
Other creditors 585,143 583,292
720,110 711,437

WOODBURN & WALKER LIMITED (REGISTERED NUMBER: SC266419)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 30 APRIL 2023

10. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
2023 2022
£    £   
Bank loans 388,743 433,511

Amounts falling due in more than five years:

Repayable by instalments
Bank loans more 5 yr by instal 152,822 154,851

11. SECURED DEBTS

The following secured debts are included within creditors:

2023 2022
£    £   
Bank loans 452,946 493,033

Bank loans are secured by a standard security over the freehold land and buildings and a bond and floating charge over the other company assets.

12. RESERVES
Revaluation
reserve
£   
At 1 May 2022
and 30 April 2023 (132,567 )