IRIS Accounts Production v24.1.9.2 04947145 director 1.11.22 31.10.23 31.10.23 false true false false true false Ordinary 1.00000 iso4217:GBPiso4217:USDiso4217:EURxbrli:sharesxbrli:pureutr:tonnesutr:kWh049471452022-10-31049471452023-10-31049471452022-11-012023-10-31049471452021-10-31049471452021-11-012022-10-31049471452022-10-3104947145ns15:EnglandWales2022-11-012023-10-3104947145ns14:PoundSterling2022-11-012023-10-3104947145ns10:Director12022-11-012023-10-3104947145ns10:PrivateLimitedCompanyLtd2022-11-012023-10-3104947145ns10:SmallEntities2022-11-012023-10-3104947145ns10:AuditExempt-NoAccountantsReport2022-11-012023-10-3104947145ns10:SmallCompaniesRegimeForDirectorsReport2022-11-012023-10-3104947145ns10:SmallCompaniesRegimeForAccounts2022-11-012023-10-3104947145ns10:FullAccounts2022-11-012023-10-3104947145ns10:OrdinaryShareClass12022-11-012023-10-3104947145ns10:CompanySecretary12022-11-012023-10-3104947145ns10:RegisteredOffice2022-11-012023-10-3104947145ns5:CurrentFinancialInstruments2023-10-3104947145ns5:CurrentFinancialInstruments2022-10-3104947145ns5:ShareCapital2023-10-3104947145ns5:ShareCapital2022-10-3104947145ns5:RetainedEarningsAccumulatedLosses2023-10-3104947145ns5:RetainedEarningsAccumulatedLosses2022-10-3104947145ns5:LandBuildings2022-11-012023-10-3104947145ns5:PlantMachinery2022-11-012023-10-3104947145ns5:LandBuildings2022-10-3104947145ns5:PlantMachinery2022-10-3104947145ns5:LandBuildings2023-10-3104947145ns5:PlantMachinery2023-10-3104947145ns5:LandBuildings2022-10-3104947145ns5:PlantMachinery2022-10-3104947145ns5:CurrentFinancialInstrumentsns5:WithinOneYear2023-10-3104947145ns5:CurrentFinancialInstrumentsns5:WithinOneYear2022-10-3104947145ns10:OrdinaryShareClass12023-10-31
REGISTERED NUMBER: 04947145 (England and Wales)















WOOD FARM LIMITED

UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 OCTOBER 2023






WOOD FARM LIMITED (REGISTERED NUMBER: 04947145)






CONTENTS OF THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 OCTOBER 2023




Page

Company Information 1

Statement of Financial Position 2

Notes to the Financial Statements 3 to 4


WOOD FARM LIMITED

COMPANY INFORMATION
FOR THE YEAR ENDED 31 OCTOBER 2023







DIRECTOR: N M Moor





SECRETARY: N M Moor





REGISTERED OFFICE: Woodfarm
Lowfields
Wellingore
Lincolnshire
LN5 0LP





REGISTERED NUMBER: 04947145 (England and Wales)





ACCOUNTANTS: Duncan & Toplis Limited
4 Henley Way
Doddington Road
Lincoln
Lincolnshire
LN6 3QR

WOOD FARM LIMITED (REGISTERED NUMBER: 04947145)

STATEMENT OF FINANCIAL POSITION
31 OCTOBER 2023

31.10.23 31.10.22
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 376,887 275,770

CURRENT ASSETS
Debtors 5 50,947 26,980
Cash at bank 5,439 8,102
56,386 35,082
CREDITORS
Amounts falling due within one year 6 379,653 278,527
NET CURRENT LIABILITIES (323,267 ) (243,445 )
TOTAL ASSETS LESS CURRENT LIABILITIES 53,620 32,325

PROVISIONS FOR LIABILITIES 19,202 18,059
NET ASSETS 34,418 14,266

CAPITAL AND RESERVES
Called up share capital 7 300 300
Retained earnings 34,118 13,966
SHAREHOLDERS' FUNDS 34,418 14,266

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 October 2023.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 October 2023 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 12 July 2024 and were signed by:





N M Moor - Director


WOOD FARM LIMITED (REGISTERED NUMBER: 04947145)

NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 OCTOBER 2023

1. STATUTORY INFORMATION

Wood Farm Limited 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.

The presentation currency of the financial statements is the Pound Sterling (£).


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 represents income from the production of electricity and farming, net of value added tax.

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 - Land - Not depreciated
Plant and machinery etc - 25% on reducing balance, 10% on cost and 4% on cost

Tangible fixed assets are stated at cost (or deemed cost) or valuation less accumulated depreciation and accumulated impairment losses. Cost includes costs directly attributable to making the asset capable of operating as intended.

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 statement of financial position date.

Deferred tax
Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the statement of financial position 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 2 (2022 - 2 ) .

WOOD FARM LIMITED (REGISTERED NUMBER: 04947145)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 OCTOBER 2023

4. TANGIBLE FIXED ASSETS
Plant and
Land and machinery
buildings etc Totals
£    £    £   
COST
At 1 November 2022 - 459,903 459,903
Additions 95,103 33,144 128,247
At 31 October 2023 95,103 493,047 588,150
DEPRECIATION
At 1 November 2022 - 184,133 184,133
Charge for year - 27,130 27,130
At 31 October 2023 - 211,263 211,263
NET BOOK VALUE
At 31 October 2023 95,103 281,784 376,887
At 31 October 2022 - 275,770 275,770

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.10.23 31.10.22
£    £   
Trade debtors 10,934 9,198
Other debtors 40,013 17,782
50,947 26,980

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.10.23 31.10.22
£    £   
Trade creditors 9,746 2,674
Tax 5,793 -
Social security and other taxes 160 -
Directors' current accounts 361,714 273,753
Accrued expenses 2,240 2,100
379,653 278,527

7. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 31.10.23 31.10.22
value: £    £   
300 Ordinary £1 300 300