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REGISTERED NUMBER: 07246268 (England and Wales)















UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 JANUARY 2024

FOR

WOOTTON & WOOTTON (T & D) LIMITED

WOOTTON & WOOTTON (T & D) LIMITED (REGISTERED NUMBER: 07246268)






CONTENTS OF THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 JANUARY 2024




Page

Company Information 1

Statement of Financial Position 2

Notes to the Financial Statements 4


WOOTTON & WOOTTON (T & D) LIMITED

COMPANY INFORMATION
FOR THE YEAR ENDED 31 JANUARY 2024







DIRECTORS: L D Wootton
Miss L Pickles





REGISTERED OFFICE: Unit C12
Wem Industrial Estate
Wem
Shropshire
SY4 5SD





REGISTERED NUMBER: 07246268 (England and Wales)





ACCOUNTANTS: Crombies Accountants Limited
Chartered Accountants
34 Waterloo Road
Wolverhampton
West Midlands
WV1 4DG

WOOTTON & WOOTTON (T & D) LIMITED (REGISTERED NUMBER: 07246268)

STATEMENT OF FINANCIAL POSITION
31 JANUARY 2024

2024 2023
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 462,670 469,972

CURRENT ASSETS
Debtors 5 186,891 99,952
Cash at bank 773,385 846,413
960,276 946,365
CREDITORS
Amounts falling due within one year 6 227,060 192,126
NET CURRENT ASSETS 733,216 754,239
TOTAL ASSETS LESS CURRENT
LIABILITIES

1,195,886

1,224,211

CREDITORS
Amounts falling due after more than one
year

7

(28,698

)

(41,015

)

PROVISIONS FOR LIABILITIES (48,366 ) (31,063 )
NET ASSETS 1,118,822 1,152,133

CAPITAL AND RESERVES
Called up share capital 2 2
Capital redemption reserve 9 1 1
Retained earnings 9 1,118,819 1,152,130
SHAREHOLDERS' FUNDS 1,118,822 1,152,133

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

The members have not required the company to obtain an audit of its financial statements for the year ended 31 January 2024 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.

WOOTTON & WOOTTON (T & D) LIMITED (REGISTERED NUMBER: 07246268)

STATEMENT OF FINANCIAL POSITION - continued
31 JANUARY 2024


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 24 June 2024 and were signed on its behalf by:





L D Wootton - Director


WOOTTON & WOOTTON (T & D) LIMITED (REGISTERED NUMBER: 07246268)

NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 JANUARY 2024

1. STATUTORY INFORMATION

Wootton & Wootton (T & D) 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 preparation of 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
Revenue 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 the cost less estimated residual value of each asset over its estimated useful life.

Freehold land - No depreciation
Freehold property - 2% on straight line
Plant and equipment - 15% on reducing balance
Motor vehicles - 25% on reducing balance
Fixtures and fittings - 15% on reducing balance

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.

WOOTTON & WOOTTON (T & D) LIMITED (REGISTERED NUMBER: 07246268)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 JANUARY 2024

2. ACCOUNTING POLICIES - continued

Hire purchase and leasing contracts
Assets obtained under hire purchase contracts and finance leases are capitalised as tangible fixed assets. Assets acquired under finance leases are depreciated over the shorter of the lease term and their useful lives. Assets acquired under hire purchase contracts are depreciated over their useful lives. Finance leases are those where substantially all of the benefits and risks of ownership are assumed by the company. Obligations under such agreements are included in creditors net of the finance charge allocated to future periods. The finance element of the rental payment is charged to the profit and loss account so as to produce a constant periodic rate of charge on the net obligation outstanding in each period.
Rentals applicable to operating leases where substantially all of the benefits and risks of ownership remain with the lessor are charged to profit and loss account on a straight line basis.

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.

3. EMPLOYEES AND DIRECTORS

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

4. TANGIBLE FIXED ASSETS
Freehold Fixtures
land and Plant and and Motor
buildings equipment fittings vehicles Totals
£    £    £    £    £   
COST
At 1 February 2023 315,761 383,117 3,800 118,896 821,574
Additions - 469 - 29,991 30,460
At 31 January 2024 315,761 383,586 3,800 148,887 852,034
DEPRECIATION
At 1 February 2023 27,274 240,355 2,172 81,801 351,602
Charge for year 4,316 21,429 244 11,773 37,762
At 31 January 2024 31,590 261,784 2,416 93,574 389,364
NET BOOK VALUE
At 31 January 2024 284,171 121,802 1,384 55,313 462,670
At 31 January 2023 288,487 142,762 1,628 37,095 469,972

5. DEBTORS
2024 2023
£    £   
Trade debtors 113,000 61,951
Other debtors 73,891 38,001
186,891 99,952

WOOTTON & WOOTTON (T & D) LIMITED (REGISTERED NUMBER: 07246268)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 JANUARY 2024

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Bank loans and overdrafts 13,310 13,310
Trade creditors 60,143 47,519
Taxation and social security 90,827 85,120
Other creditors 62,780 46,177
227,060 192,126

7. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
2024 2023
£    £   
Bank loans 28,698 41,015

8. SECURED DEBTS

The following secured debts are included within creditors:

2024 2023
£    £   
Bank loans 42,008 54,325

The bank loan is secured by a legal charge over the companys freehold land and buildings together with a cross guarantee by Wootton & Wootton Ltd.

9. RESERVES
Capital
Retained redemption
earnings reserve Totals
£    £    £   

At 1 February 2023 1,152,130 1 1,152,131
Profit for the year 265,689 265,689
Dividends (299,000 ) (299,000 )
At 31 January 2024 1,118,819 1 1,118,820