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REGISTERED NUMBER: 12261549 (England and Wales)















Unaudited Financial Statements

for the Year Ended 31 October 2023

for

Woodensteel Ltd

Woodensteel Ltd (Registered number: 12261549)






Contents of the Financial Statements
for the Year Ended 31 October 2023




Page

Company Information 1

Chartered Accountants' Report 2

Balance Sheet 3

Notes to the Financial Statements 4


Woodensteel Ltd

Company Information
for the Year Ended 31 October 2023







DIRECTORS: K Waugh
A W Waugh
L Winter





REGISTERED OFFICE: 5 West Court
Enterprise Road
Maidstone
Kent
ME15 6JD





REGISTERED NUMBER: 12261549 (England and Wales)





ACCOUNTANTS: Charcroft Baker LLP
Chartered Accountants
5 West Court
Enterprise Road
Maidstone
Kent
ME15 6JD

Chartered Accountants' Report to the Board of Directors
on the Unaudited Financial Statements of
Woodensteel Ltd

The following reproduces the text of the report prepared for the directors in respect of the company's annual unaudited financial statements. In accordance with the Companies Act 2006, the company is only required to file a Balance Sheet. Readers are cautioned that the Income Statement and certain other primary statements and the Report of the Directors are not required to be filed with the Registrar of Companies.

In order to assist you to fulfil your duties under the Companies Act 2006, we have prepared for your approval the financial statements of Woodensteel Ltd for the year ended 31 October 2023 which comprise the Income Statement, Balance Sheet, Statement of Changes in Equity and the related notes from the company's accounting records and from information and explanations you have given us.

As a practising member firm of the Institute of Chartered Accountants in England and Wales (ICAEW), we are subject to its ethical and other professional requirements which are detailed within the ICAEW's regulations and guidance at http://www.icaew.com/en/membership/regulations-standards-and-guidance.

This report is made solely to the Board of Directors of Woodensteel Ltd, as a body, in accordance with our terms of engagement. Our work has been undertaken solely to prepare for your approval the financial statements of Woodensteel Ltd and state those matters that we have agreed to state to the Board of Directors of Woodensteel Ltd, as a body, in this report in accordance with ICAEW Technical Release 07/16AAF. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than Woodensteel Ltd and its Board of Directors, as a body, for our work or for this report.

It is your duty to ensure that Woodensteel Ltd has kept adequate accounting records and to prepare statutory financial statements that give a true and fair view of the assets, liabilities, financial position and profit of Woodensteel Ltd. You consider that Woodensteel Ltd is exempt from the statutory audit requirement for the year.

We have not been instructed to carry out an audit or a review of the financial statements of Woodensteel Ltd. For this reason, we have not verified the accuracy or completeness of the accounting records or information and explanations you have given to us and we do not, therefore, express any opinion on the statutory financial statements.






Charcroft Baker LLP
Chartered Accountants
5 West Court
Enterprise Road
Maidstone
Kent
ME15 6JD


31 July 2024

Woodensteel Ltd (Registered number: 12261549)

Balance Sheet
31 October 2023

2023 2022
Notes £    £   
CURRENT ASSETS
Stocks 21,306 21,306
Debtors 4 295 295
Cash at bank 246 246
21,847 21,847
CREDITORS
Amounts falling due within one year 5 39,100 39,100
NET CURRENT LIABILITIES (17,253 ) (17,253 )
TOTAL ASSETS LESS CURRENT
LIABILITIES

(17,253

)

(17,253

)

CAPITAL AND RESERVES
Called up share capital 300 300
Retained earnings (17,553 ) (17,553 )
(17,253 ) (17,253 )

The company is entitled to exemption from audit under Section 480 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 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.

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 31 July 2024 and were signed on its behalf by:





K Waugh - Director


Woodensteel Ltd (Registered number: 12261549)

Notes to the Financial Statements
for the Year Ended 31 October 2023

1. STATUTORY INFORMATION

Woodensteel 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.

Stocks
Stocks are valued at the lower of cost and net realisable value, after making due allowance for obsolete and slow moving items.

Going concern
The directors acknowledge the uncertainty concerning Covid-19 and the impact that this could have on the company's operational existence. At the time of approving the financial statements, Covid-19 has not had a material impact on the activities of the company and the directors have a reasonable expectation that the company has adequate resources to continue in operational existence for the foreseeable future.Therefore, the directors deem it appropriate to continue to adopt the going concern basis in preparing the financial statements.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was NIL (2022 - 3 ).

4. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Other debtors 295 295

5. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Trade creditors 5,900 5,900
Other creditors 33,200 33,200
39,100 39,100

6. DIRECTORS' ADVANCES, CREDITS AND GUARANTEES

Included in other creditors are amounts of £12,900 (2022 - £12,900) owed to K Waugh, £9,900 (2022 - £9,900) owed to A Waugh and £9,900 (2022 - £9,900) owed to L Winter in respect of their directors loan account. These loans are unsecured, interest free and repayable on demand.