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Company Registration No. 11186631 (England and Wales)
Woods Executive Services Limited Unaudited accounts for the year ended 31 March 2024
Woods Executive Services Limited Unaudited accounts Contents
Page
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Woods Executive Services Limited Statement of financial position as at 31 March 2024
2024 
2023 
Notes
£ 
£ 
Fixed assets
Tangible assets
- 
328 
Current assets
Debtors
6,467 
4,445 
Cash at bank and in hand
13,485 
14,338 
19,952 
18,783 
Creditors: amounts falling due within one year
(16,471)
(17,421)
Net current assets
3,481 
1,362 
Net assets
3,481 
1,690 
Capital and reserves
Called up share capital
1 
1 
Profit and loss account
3,480 
1,689 
Shareholders' funds
3,481 
1,690 
For the year ending 31 March 2024 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 director acknowledges her 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 and authorised for issue on 15 April 2024 and were signed on its behalf by
M.L.Woods Director Company Registration No. 11186631
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Woods Executive Services Limited Notes to the Accounts for the year ended 31 March 2024
1
Statutory information
Woods Executive Services Limited is a private company, limited by shares, registered in England and Wales, registration number 11186631. The registered office is 13 Adelaide Road, West Ealing, London, W13.9ED, UK.
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 where relevant.
Presentation currency
The accounts are presented in £ sterling.
Turnover
Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes. Turnover from the rendering of services is recognised by reference to the stage of completion of the contract.
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:
Computer equipment
25% straight line
Deferred taxation
Deferred tax arises as a result of including items of income and expenditure in taxation computations in periods different from those in which they are included in the company's accounts. Deferred tax is provided in full on timing differences which result in an obligation to pay more (or less) tax at a future date, at the average tax rates that are expected to apply when the timing differences reverse, based on current tax rates and laws. Deferred tax assets and liabilities are not discounted.
Foreign exchange
Monetary assets and liabilities in foreign currencies are translated into sterling at the rates of exchange ruling at the balance sheet date. Transactions in foreign currencies are translated into sterling at the rates of exchange ruling at the date of the transaction. Exchange differences are taken into account in arriving at the operating profit.
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Woods Executive Services Limited Notes to the Accounts for the year ended 31 March 2024
4
Tangible fixed assets
Computer equipment 
£ 
Cost or valuation
At cost 
At 1 April 2023
1,309 
At 31 March 2024
1,309 
Depreciation
At 1 April 2023
981 
Charge for the year
328 
At 31 March 2024
1,309 
Net book value
At 31 March 2024
- 
At 31 March 2023
328 
5
Debtors
2024 
2023 
£ 
£ 
Amounts falling due within one year
Trade debtors
6,467 
4,445 
6
Creditors: amounts falling due within one year
2024 
2023 
£ 
£ 
Taxes and social security
8,226 
7,531 
Loans from directors
5,523 
7,482 
Accruals
2,722 
2,408 
16,471 
17,421 
7
Share capital
2024 
2023 
£ 
£ 
Allotted, called up and fully paid:
1 Ordinary shares of £1 each
1 
1 
8
Transactions with related parties
The balance on the director`s current account with the company at the balance sheet date was £5,523 credit (2023: £7,482 credit) owed by the company to the director. This amount is unsecured, interest free, repayable on demand, and was in credit throughout the year.
9
Controlling party
The ultimate owner of the company is the director, M.L.Woods, who owns 100% of the share capital.
10
Average number of employees
During the year the average number of employees was 1 (2023: 1).
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