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Unaudited Financial Statements for the Year Ended 31 March 2024

for

Woodway Industry Ltd

Woodway Industry Ltd (Registered number: 08548802)






Contents of the Financial Statements
for the Year Ended 31 March 2024




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 3


Woodway Industry Ltd

Company Information
for the Year Ended 31 March 2024







DIRECTOR: Robin M Hunt





REGISTERED OFFICE: Norcutt Barn
Bicester Road
Long Crendon
Aylesbury
Buckinghamshire
HP18 9FN





REGISTERED NUMBER: 08548802 (England and Wales)





ACCOUNTANTS: Peter Upton
Bridge House
2 Bridge Avenue
Maidenhead
Berkshire
SL6 1RR

Woodway Industry Ltd (Registered number: 08548802)

Balance Sheet
31 March 2024

31.3.24 31.3.23
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 1,131,625 1,149,390

CURRENT ASSETS
Debtors 5 4,249 1,026
Cash at bank and in hand 57,980 52,714
62,229 53,740
CREDITORS
Amounts falling due within one year 6 36,577 53,318
NET CURRENT ASSETS 25,652 422
TOTAL ASSETS LESS CURRENT
LIABILITIES

1,157,277

1,149,812

PROVISIONS FOR LIABILITIES 7 8,861 5,233
NET ASSETS 1,148,416 1,144,579

CAPITAL AND RESERVES
Called up share capital 8 900,000 900,000
Retained earnings 9 248,416 244,579
SHAREHOLDERS' FUNDS 1,148,416 1,144,579

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 March 2024.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 March 2024 in accordance with Section 476 of the Companies Act 2006.

The director acknowledges his 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.

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 director and authorised for issue on 17 July 2024 and were signed by:





Robin M Hunt - Director


Woodway Industry Ltd (Registered number: 08548802)

Notes to the Financial Statements
for the Year Ended 31 March 2024

1. STATUTORY INFORMATION

Woodway Industry Ltd is a private company, limited by shares , registered in England and Wales. The company's registered number and registered office address can be found on the Company Information page.

2. ACCOUNTING POLICIES

Basis of preparing the financial statements
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. The financial statements have been prepared under the historical cost convention.

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.
Plant and machinery etc - 20% on cost

Tangible fixed assets are capitalised at cost.

Financial instruments
The company only has financial assets and liabilities of a kind that qualify as basic financial instruments, which are initially recognised at transaction value and subsequently measured at their settlement value.

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.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was NIL (2023 - NIL).

Woodway Industry Ltd (Registered number: 08548802)

Notes to the Financial Statements - continued
for the Year Ended 31 March 2024

4. TANGIBLE FIXED ASSETS
Improvements
Freehold to Plant and
property property machinery Totals
£    £    £    £   
COST
At 1 April 2023 1,035,000 87,658 144,909 1,267,567
Additions - - 5,670 5,670
At 31 March 2024 1,035,000 87,658 150,579 1,273,237
DEPRECIATION
At 1 April 2023 - 6,163 112,014 118,177
Charge for year - 4,383 19,052 23,435
At 31 March 2024 - 10,546 131,066 141,612
NET BOOK VALUE
At 31 March 2024 1,035,000 77,112 19,513 1,131,625
At 31 March 2023 1,035,000 81,495 32,895 1,149,390

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.3.24 31.3.23
£    £   
Trade debtors 4,249 1,026

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.3.24 31.3.23
£    £   
Tax 25,929 33,469
VAT 8,448 10,229
Accrued expenses 2,200 9,620
36,577 53,318

7. PROVISIONS FOR LIABILITIES
31.3.24 31.3.23
£    £   
Deferred tax
Accelerated capital allowances 8,861 8,290
Deferred tax - (3,057 )
8,861 5,233

Deferred
tax
£   
Balance at 1 April 2023 5,233
Provided during year 3,628
Deferred tax
Balance at 31 March 2024 8,861

Woodway Industry Ltd (Registered number: 08548802)

Notes to the Financial Statements - continued
for the Year Ended 31 March 2024

8. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 31.3.24 31.3.23
value: £    £   
899,800 Ordinary £1 899,800 899,800
100 Ordinary A shares £1 100 100
100 Ordinary B shares £1 100 100
900,000 900,000

9. RESERVES
Retained
earnings
£   

At 1 April 2023 244,579
Profit for the year 74,037
Dividends (70,200 )
At 31 March 2024 248,416

10. ULTIMATE CONTROLLING PARTY

The controlling party is Robin M Hunt.