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REGISTERED NUMBER: 04666048 (England and Wales)















Unaudited Financial Statements for the Year Ended 31st March 2024

for

REAL WOOD COMPANY UK LTD

REAL WOOD COMPANY UK LTD (REGISTERED NUMBER: 04666048)

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










Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


REAL WOOD COMPANY UK LTD

Company Information
for the Year Ended 31st March 2024







DIRECTOR: Mrs N J Poole





SECRETARY: Ms G B Hitchen





REGISTERED OFFICE: Cathedral House
5 Beacon Street
Lichfield
Staffordshire
WS13 7AA





REGISTERED NUMBER: 04666048 (England and Wales)






REAL WOOD COMPANY UK LTD (REGISTERED NUMBER: 04666048)

Balance Sheet
31st March 2024

31.3.24 31.3.23
Notes £    £    £    £   
FIXED ASSETS
Intangible assets 4 2,000 3,000
Tangible assets 5 17,505 18,174
19,505 21,174

CURRENT ASSETS
Stocks 125,120 212,974
Debtors 6 - 6,119
Cash at bank and in hand 28,218 79,898
153,338 298,991
CREDITORS
Amounts falling due within one year 7 59,491 101,495
NET CURRENT ASSETS 93,847 197,496
TOTAL ASSETS LESS CURRENT
LIABILITIES

113,352

218,670

CREDITORS
Amounts falling due after more than
one year

8

75,826

190,056
NET ASSETS 37,526 28,614

REAL WOOD COMPANY UK LTD (REGISTERED NUMBER: 04666048)

Balance Sheet - continued
31st March 2024

31.3.24 31.3.23
Notes £    £    £    £   
CAPITAL AND RESERVES
Called up share capital 100 100
Retained earnings 37,426 28,514
SHAREHOLDERS' FUNDS 37,526 28,614

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

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

The director acknowledges her 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 2nd August 2024 and were signed by:





Mrs N J Poole - Director


REAL WOOD COMPANY UK LTD (REGISTERED NUMBER: 04666048)

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


1. STATUTORY INFORMATION

Real Wood Company UK 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.

Goodwill
Goodwill, being the amount paid in connection with the acquisition of a business in 0, is being amortised evenly over its estimated useful life of nil years.

Intangible assets
Intangible assets are initially measured at cost. After initial recognition, intangible assets are measured at cost less any accumulated amortisation and any accumulated impairment losses.

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 - 20% on reducing balance
Equipment - 25% on reducing balance
Motor vehicles - 25% on reducing balance

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


REAL WOOD COMPANY UK LTD (REGISTERED NUMBER: 04666048)

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


2. ACCOUNTING POLICIES - continued
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.

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 5 (2023 - 8 ) .

REAL WOOD COMPANY UK LTD (REGISTERED NUMBER: 04666048)

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


4. INTANGIBLE FIXED ASSETS
Goodwill
£   
COST
At 1st April 2023
and 31st March 2024 10,000
AMORTISATION
At 1st April 2023 7,000
Charge for year 1,000
At 31st March 2024 8,000
NET BOOK VALUE
At 31st March 2024 2,000
At 31st March 2023 3,000

5. TANGIBLE FIXED ASSETS
Freehold Plant and Motor
property machinery Equipment vehicles Totals
£    £    £    £    £   
COST
At 1st April 2023
and 31st March 2024 15,486 85 15,858 11,671 43,100
DEPRECIATION
At 1st April 2023 - 17 13,238 11,671 24,926
Charge for year - 14 655 - 669
At 31st March 2024 - 31 13,893 11,671 25,595
NET BOOK VALUE
At 31st March 2024 15,486 54 1,965 - 17,505
At 31st March 2023 15,486 68 2,620 - 18,174

6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE
YEAR
31.3.24 31.3.23
£    £   
Amounts owed by group undertakings - 6,119

REAL WOOD COMPANY UK LTD (REGISTERED NUMBER: 04666048)

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


7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE
YEAR
31.3.24 31.3.23
£    £   
Bank loans and overdrafts 11,246 11,460
Trade creditors 19,223 31,725
Amounts owed to group undertakings 3,481 -
Taxation and social security 9,290 23,594
Other creditors 16,251 34,716
59,491 101,495

8. CREDITORS: AMOUNTS FALLING DUE AFTER MORE
THAN ONE YEAR
31.3.24 31.3.23
£    £   
Bank loans 12,500 22,500
Other creditors 63,326 167,556
75,826 190,056

9. DIRECTOR'S ADVANCES, CREDITS AND GUARANTEES

The following advances and credits to a director subsisted during the years ended 31st March 2024 and 31st March 2023:

31.3.24 31.3.23
£    £   
Mrs N J Poole
Balance outstanding at start of year (167,556 ) (104,008 )
Amounts advanced 104,230 -
Amounts repaid - (63,548 )
Amounts written off - -
Amounts waived - -
Balance outstanding at end of year (63,326 ) (167,556 )