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REGISTERED NUMBER: SC220142 (Scotland)















Unaudited Financial Statements for the Year Ended 30 November 2023

for

Woodwise Carpenters And Joiners Limited

Woodwise Carpenters And Joiners Limited (Registered number: SC220142)






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


Woodwise Carpenters And Joiners Limited

Company Information
for the Year Ended 30 November 2023







DIRECTORS: D Keegan
Mrs F R Keegan





REGISTERED OFFICE: 505 Great Western Road
GLASGOW
G12 8HN





REGISTERED NUMBER: SC220142 (Scotland)





ACCOUNTANTS: The Kelvin Partnership Ltd
Chartered Accountants
The Cooper Building
505 Great Western Road
Glasgow
G12 8HN

Woodwise Carpenters And Joiners Limited (Registered number: SC220142)

Balance Sheet
30 November 2023

30.11.23 30.11.22
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 72,285 47,812

CURRENT ASSETS
Stocks 69,409 68,800
Debtors 5 - 563
Cash at bank and in hand 130,950 80,607
200,359 149,970
CREDITORS
Amounts falling due within one year 6 183,804 133,567
NET CURRENT ASSETS 16,555 16,403
TOTAL ASSETS LESS CURRENT
LIABILITIES

88,840

64,215

CREDITORS
Amounts falling due after more than one
year

7

15,000

25,000
NET ASSETS 73,840 39,215

CAPITAL AND RESERVES
Called up share capital 4 4
Retained earnings 73,836 39,211
SHAREHOLDERS' FUNDS 73,840 39,215

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.

Woodwise Carpenters And Joiners Limited (Registered number: SC220142)

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 Income Statement has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 13 August 2024 and were signed on its behalf by:





D Keegan - Director


Woodwise Carpenters And Joiners Limited (Registered number: SC220142)

Notes to the Financial Statements
for the Year Ended 30 November 2023

1. STATUTORY INFORMATION

Woodwise Carpenters And Joiners Limited is a private company, limited by shares , registered in Scotland. 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 the amount receivable for the provision of goods & services falling within the Company's ordinary activities, excluding 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.
Plant and machinery - 25% on cost
Computer equipment - 33% on cost

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

Cost is calculated using the first-in, first-out method and includes all purchase, transport, and handling costs in bringing stocks to their present location and condition.

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.


Woodwise Carpenters And Joiners Limited (Registered number: SC220142)

Notes to the Financial Statements - continued
for the Year Ended 30 November 2023

2. ACCOUNTING POLICIES - continued
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 11 (2022 - 9 ) .

4. TANGIBLE FIXED ASSETS
Plant and Motor Computer
machinery vehicles equipment Totals
£    £    £    £   
COST
At 1 December 2022 58,788 53,924 2,297 115,009
Additions 10,160 31,495 - 41,655
At 30 November 2023 68,948 85,419 2,297 156,664
DEPRECIATION
At 1 December 2022 27,816 37,518 1,863 67,197
Charge for year 12,208 4,757 217 17,182
At 30 November 2023 40,024 42,275 2,080 84,379
NET BOOK VALUE
At 30 November 2023 28,924 43,144 217 72,285
At 30 November 2022 30,972 16,406 434 47,812

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
30.11.23 30.11.22
£    £   
Trade debtors - 96
Prepayments - 467
- 563

Woodwise Carpenters And Joiners Limited (Registered number: SC220142)

Notes to the Financial Statements - continued
for the Year Ended 30 November 2023

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
30.11.23 30.11.22
£    £   
Bank loans and overdrafts 5,570 326
Other loans 10,000 10,000
Hire purchase contracts 18,179 -
Trade creditors 26,781 30,510
Tax 54,337 28,981
Social security and other taxes 8,606 8,228
Pensions (819 ) -
VAT 20,466 23,192
Deposits held 22,604 25,380
Accrued expenses 18,080 6,950
183,804 133,567

7. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN
ONE YEAR
30.11.23 30.11.22
£    £   
Other loans - 1-2 years 15,000 25,000