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Company Registration No. NI681682 (Northern Ireland)
Woodarch (Joinery) Ltd Unaudited accounts for the year ended 31 August 2023
Woodarch (Joinery) Ltd Statement of financial position as at 31 August 2023
2023 
2022 
Notes
£ 
£ 
Fixed assets
Tangible assets
130,064 
9,000 
Current assets
Inventories
20,006 
- 
Debtors
196 
136,622 
Cash at bank and in hand
11,454 
25,005 
31,656 
161,627 
Creditors: amounts falling due within one year
(222,068)
(224,768)
Net current liabilities
(190,412)
(63,141)
Net liabilities
(60,348)
(54,141)
Capital and reserves
Called up share capital
100 
100 
Profit and loss account
(60,448)
(54,241)
Shareholders' funds
(60,348)
(54,141)
For the year ending 31 August 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 8 April 2024 and were signed on its behalf by
Philip Millar Director Company Registration No. NI681682
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Woodarch (Joinery) Ltd Notes to the Accounts for the year ended 31 August 2023
1
Statutory information
Woodarch (Joinery) Ltd is a private company, limited by shares, registered in Northern Ireland, registration number NI681682. The registered office is Unit 2 Channel Wharf, 21 Old Channel Road, Belfast, County Antrim, BT3 9DE, Northern Ireland.
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.
Going concern
Having reviewed the resources available, the directors of Woodarch (Joinery) Ltd believe that the company has adequate resources available to enable it to continue to meet its ongoing obligations as and when they fall due for at least a period of 12 months from the date of approval of the financial statements. Accordingly, Woodarch (Joinery) Ltd continues to adopt the going concern basis in preparation of its financial statements.
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 sale and manufacture of kitchens is recognised when goods have been delivered to customers such that risks and rewards of ownership have transferred to them.
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
20% Straight Line
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Woodarch (Joinery) Ltd Notes to the Accounts for the year ended 31 August 2023
4
Tangible fixed assets
Plant & machinery 
£ 
Cost or valuation
At cost 
At 1 September 2022
10,000 
Additions
150,060 
At 31 August 2023
160,060 
Depreciation
At 1 September 2022
1,000 
Charge for the year
28,996 
At 31 August 2023
29,996 
Net book value
At 31 August 2023
130,064 
At 31 August 2022
9,000 
5
Debtors
2023 
2022 
£ 
£ 
Amounts falling due within one year
VAT
- 
567 
Trade debtors
96 
22,085 
Accrued income and prepayments
- 
113,870 
Other debtors
100 
100 
196 
136,622 
6
Creditors: amounts falling due within one year
2023 
2022 
£ 
£ 
VAT
11,021 
- 
Trade creditors
230 
177 
Taxes and social security
1,660 
1,726 
Other creditors
204,960 
219,957 
Accruals
4,197 
2,908 
222,068 
224,768 
7
Share capital
2023 
2022 
£ 
£ 
Allotted, called up and fully paid:
100 Ordinary shares of £1 each
100 
100 
8
Average number of employees
During the year the average number of employees was 4 (2022: 4).
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