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REGISTERED NUMBER: 03462022 (England and Wales)



















UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 30 NOVEMBER 2023

FOR

WOODBRIDGE PLANT LIMITED

WOODBRIDGE PLANT LIMITED (REGISTERED NUMBER: 03462022)






CONTENTS OF THE FINANCIAL STATEMENTS
for the Year Ended 30 NOVEMBER 2023




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


WOODBRIDGE PLANT LIMITED

COMPANY INFORMATION
for the Year Ended 30 NOVEMBER 2023







DIRECTORS: Mr C B McCarthy
Mr G McCarthy





SECRETARY: Mr G McCarthy





REGISTERED OFFICE: 260 - 270
Butterfield
Great Marlings
Luton
Bedfordshire
LU2 8DL





BUSINESS ADDRESS: Unit 4
250 Toddington Road
Luton
Bedfordshire
LU4 9DZ





REGISTERED NUMBER: 03462022 (England and Wales)





ACCOUNTANTS: Foxley Kingham
Chartered Accountants
260 - 270 Butterfield
Great Marlings
Luton
Bedfordshire
LU2 8DL

WOODBRIDGE PLANT LIMITED (REGISTERED NUMBER: 03462022)

BALANCE SHEET
30 NOVEMBER 2023

2023 2022
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 1,219,949 1,305,586

CURRENT ASSETS
Stocks 856,560 728,015
Debtors 5 530,975 902,018
Cash at bank and in hand 146,499 95,216
1,534,034 1,725,249
CREDITORS
Amounts falling due within one year 6 525,659 752,851
NET CURRENT ASSETS 1,008,375 972,398
TOTAL ASSETS LESS CURRENT
LIABILITIES

2,228,324

2,277,984

CREDITORS
Amounts falling due after more than one
year

7

(257,691

)

(328,471

)

PROVISIONS FOR LIABILITIES (63,347 ) (81,961 )
NET ASSETS 1,907,286 1,867,552

CAPITAL AND RESERVES
Called up share capital 100 100
Retained earnings 1,907,186 1,867,452
SHAREHOLDERS' FUNDS 1,907,286 1,867,552

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 30 November 2023.

The members have not required the company to obtain an audit of its financial statements for the year ended 30 November 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.

WOODBRIDGE PLANT LIMITED (REGISTERED NUMBER: 03462022)

BALANCE SHEET - continued
30 NOVEMBER 2023


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 Statement of Income and Retained Earnings has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 8 August 2024 and were signed on its behalf by:





Mr G McCarthy - Director


WOODBRIDGE PLANT LIMITED (REGISTERED NUMBER: 03462022)

NOTES TO THE FINANCIAL STATEMENTS
for the Year Ended 30 NOVEMBER 2023

1. STATUTORY INFORMATION

Woodbridge Plant 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 the fair value of consideration received or receivable after any trade discounts and prompt settlement discounts, excluding value added tax

Tangible fixed assets
Tangible fixed assets held for the company's own use are stated at cost less accumulated depreciation and accumulated impairment losses.

Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Freehold property - 2% on cost
Plant and machinery - 5% on cost
Fixtures and fittings - 25% on cost
Motor vehicles - 25% on reducing balance
Computer equipment - 25% on reducing balance

Stocks
Stocks are valued at the lower of cost and estimated selling price less costs to complete and sell.

Taxation
Taxation for the year comprises current and deferred tax. Tax is recognised in the Statement of Income and Retained Earnings, 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.

WOODBRIDGE PLANT LIMITED (REGISTERED NUMBER: 03462022)

NOTES TO THE FINANCIAL STATEMENTS - continued
for the Year Ended 30 NOVEMBER 2023

2. ACCOUNTING POLICIES - continued

Hire purchase and leasing commitments
Assets obtained under hire purchase contracts or finance leases are capitalised in the balance sheet. Those held under hire purchase contracts are depreciated over their estimated useful lives. Those held under finance leases are depreciated over their estimated useful lives or the lease term, whichever is the shorter.

The interest element of these obligations is charged to profit or loss over the relevant period. The capital element of the future payments is treated as a liability.

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 4 (2022 - 4 ) .

4. TANGIBLE FIXED ASSETS
Fixtures
Freehold Plant and and
property machinery fittings
£    £    £   
COST
At 1 December 2022 871,427 973,577 2,884
Additions - 2,750 -
At 30 November 2023 871,427 976,327 2,884
DEPRECIATION
At 1 December 2022 30,000 710,216 2,884
Charge for year 3,000 24,592 -
At 30 November 2023 33,000 734,808 2,884
NET BOOK VALUE
At 30 November 2023 838,427 241,519 -
At 30 November 2022 841,427 263,361 -

WOODBRIDGE PLANT LIMITED (REGISTERED NUMBER: 03462022)

NOTES TO THE FINANCIAL STATEMENTS - continued
for the Year Ended 30 NOVEMBER 2023

4. TANGIBLE FIXED ASSETS - continued

Motor Computer
vehicles equipment Totals
£    £    £   
COST
At 1 December 2022 647,978 6,491 2,502,357
Additions - - 2,750
At 30 November 2023 647,978 6,491 2,505,107
DEPRECIATION
At 1 December 2022 447,823 5,848 1,196,771
Charge for year 60,634 161 88,387
At 30 November 2023 508,457 6,009 1,285,158
NET BOOK VALUE
At 30 November 2023 139,521 482 1,219,949
At 30 November 2022 200,155 643 1,305,586

Included in cost of land and buildings is freehold land of £ 721,427 (2022 - £ 721,427 ) which is not depreciated.

Fixed assets, included in the above, which are held under hire purchase contracts are as follows:
Motor
vehicles
£   
COST
At 1 December 2022
and 30 November 2023 177,998
DEPRECIATION
At 1 December 2022 44,498
Charge for year 33,375
At 30 November 2023 77,873
NET BOOK VALUE
At 30 November 2023 100,125
At 30 November 2022 133,500

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Trade debtors 349,849 639,906
Other debtors 171,308 135,779
VAT 6,988 123,971
Prepayments and accrued income 2,830 2,362
530,975 902,018

WOODBRIDGE PLANT LIMITED (REGISTERED NUMBER: 03462022)

NOTES TO THE FINANCIAL STATEMENTS - continued
for the Year Ended 30 NOVEMBER 2023

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Hire purchase contracts 30,780 29,263
Trade creditors 441,060 707,095
Corporation tax 40,652 6,060
Taxation and social security 4,693 5,189
Director's current account 3,674 624
Accrued expenses 4,800 4,620
525,659 752,851

7. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
2023 2022
£    £   
Mortgage 224,159 264,159
Hire purchase contracts 33,532 64,312
257,691 328,471

Amounts falling due in more than five years:

Repayable otherwise than by instalments
Mortgage 224,159 264,159

8. SECURED DEBTS

The following secured debts are included within creditors:

2023 2022
£    £   
Bank loans 224,159 264,159
Hire purchase contracts 64,312 93,575
288,471 357,734

Hire purchase contracts are secured on the assets being purchased.

Bank loans are secured by fixed and floating charges over all of the property and undertakings of the company.

9. ULTIMATE CONTROLLING PARTY

The ultimate controlling party is Mr G McCarthy.