IRIS Accounts Production v24.1.9.2 05739227 Board of Directors 1.6.23 31.5.24 31.5.24 false true false false false true false Ordinary 1.00000 iso4217:GBPiso4217:USDiso4217:EURxbrli:sharesxbrli:pureutr:tonnesutr:kWh057392272023-05-31057392272024-05-31057392272023-06-012024-05-31057392272022-05-31057392272022-06-012023-05-31057392272023-05-3105739227ns15:EnglandWales2023-06-012024-05-3105739227ns14:PoundSterling2023-06-012024-05-3105739227ns10:Director12023-06-012024-05-3105739227ns10:PrivateLimitedCompanyLtd2023-06-012024-05-3105739227ns10:SmallEntities2023-06-012024-05-3105739227ns10:AuditExempt-NoAccountantsReport2023-06-012024-05-3105739227ns10:SmallCompaniesRegimeForDirectorsReport2023-06-012024-05-3105739227ns10:SmallCompaniesRegimeForAccounts2023-06-012024-05-3105739227ns10:FullAccounts2023-06-012024-05-310573922712023-06-012024-05-3105739227ns10:OrdinaryShareClass12023-06-012024-05-3105739227ns10:Director22023-06-012024-05-3105739227ns10:RegisteredOffice2023-06-012024-05-3105739227ns5:CurrentFinancialInstruments2024-05-3105739227ns5:CurrentFinancialInstruments2023-05-3105739227ns5:ShareCapital2024-05-3105739227ns5:ShareCapital2023-05-3105739227ns5:RetainedEarningsAccumulatedLosses2024-05-3105739227ns5:RetainedEarningsAccumulatedLosses2023-05-3105739227ns5:IntangibleAssetsOtherThanGoodwill2023-06-012024-05-3105739227ns5:FurnitureFittings2023-06-012024-05-3105739227ns5:MotorVehicles2023-06-012024-05-3105739227ns5:ComputerEquipment2023-06-012024-05-3105739227ns5:NetGoodwill2023-05-3105739227ns5:NetGoodwill2024-05-3105739227ns5:NetGoodwill2023-05-3105739227ns5:LongLeaseholdAssetsns5:LandBuildings2023-05-3105739227ns5:FurnitureFittings2023-05-3105739227ns5:MotorVehicles2023-05-3105739227ns5:ComputerEquipment2023-05-3105739227ns5:LongLeaseholdAssetsns5:LandBuildings2023-06-012024-05-3105739227ns5:LongLeaseholdAssetsns5:LandBuildings2024-05-3105739227ns5:FurnitureFittings2024-05-3105739227ns5:MotorVehicles2024-05-3105739227ns5:ComputerEquipment2024-05-3105739227ns5:LongLeaseholdAssetsns5:LandBuildings2023-05-3105739227ns5:FurnitureFittings2023-05-3105739227ns5:MotorVehicles2023-05-3105739227ns5:ComputerEquipment2023-05-3105739227ns5:CurrentFinancialInstrumentsns5:WithinOneYear2024-05-3105739227ns5:CurrentFinancialInstrumentsns5:WithinOneYear2023-05-3105739227ns10:OrdinaryShareClass12024-05-31
REGISTERED NUMBER: 05739227 (England and Wales)













THOMAS H WOOD LIMITED

FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31ST MAY 2024






THOMAS H WOOD LIMITED (REGISTERED NUMBER: 05739227)

CONTENTS OF THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31ST MAY 2024










Page

Company Information 1

Statement of Financial Position 2

Notes to the Financial Statements 4


THOMAS H WOOD LIMITED

COMPANY INFORMATION
FOR THE YEAR ENDED 31ST MAY 2024







DIRECTORS: Mr. P Wood
Mr. J Wood





REGISTERED OFFICE: 14 Park Road
Whitchurch
Cardiff
CF14 7BQ





REGISTERED NUMBER: 05739227 (England and Wales)





ACCOUNTANTS: Carston Chartered Accountants
Tudor House
16 Cathedral Road
Cardiff
CF11 9LJ

THOMAS H WOOD LIMITED (REGISTERED NUMBER: 05739227)

STATEMENT OF FINANCIAL POSITION
31ST MAY 2024

2024 2023
Notes £    £    £    £   
FIXED ASSETS
Intangible assets 4 - -
Tangible assets 5 57,496 56,950
57,496 56,950

CURRENT ASSETS
Debtors 6 138,430 14,966
Cash at bank and in hand 114,999 268,500
253,429 283,466
CREDITORS
Amounts falling due within one year 7 58,703 50,587
NET CURRENT ASSETS 194,726 232,879
TOTAL ASSETS LESS CURRENT LIABILITIES 252,222 289,829

PROVISIONS FOR LIABILITIES 14,158 14,111
NET ASSETS 238,064 275,718

CAPITAL AND RESERVES
Called up share capital 8 100 100
Retained earnings 237,964 275,618
SHAREHOLDERS' FUNDS 238,064 275,718

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

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

THOMAS H WOOD LIMITED (REGISTERED NUMBER: 05739227)

STATEMENT OF FINANCIAL POSITION - continued
31ST MAY 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 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 13th August 2024 and were signed on its behalf by:





Mr. J Wood - Director


THOMAS H WOOD LIMITED (REGISTERED NUMBER: 05739227)

NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31ST MAY 2024


1. STATUTORY INFORMATION

Thomas H Wood 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.

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.

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.
Fixtures and fittings - 15% on reducing balance
Motor vehicles - 25% on reducing balance
Computer equipment - 15% on reducing balance

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 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.

Hire purchase and leasing commitments
Rentals paid under operating leases are charged to profit or loss on a straight line basis over the period of the lease.

THOMAS H WOOD LIMITED (REGISTERED NUMBER: 05739227)

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


3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 9 (2023 - 9 ) .

4. INTANGIBLE FIXED ASSETS
Goodwill
£   
COST
At 1st June 2023
and 31st May 2024 343,500
AMORTISATION
At 1st June 2023
and 31st May 2024 343,500
NET BOOK VALUE
At 31st May 2024 -
At 31st May 2023 -

5. TANGIBLE FIXED ASSETS
Fixtures
Long and Motor Computer
leasehold fittings vehicles equipment Totals
£    £    £    £    £   
COST
At 1st June 2023 36,507 16,618 8,883 66,192 128,200
Additions - - - 4,419 4,419
At 31st May 2024 36,507 16,618 8,883 70,611 132,619
DEPRECIATION
At 1st June 2023 - 14,636 7,466 49,148 71,250
Charge for year - 298 355 3,220 3,873
At 31st May 2024 - 14,934 7,821 52,368 75,123
NET BOOK VALUE
At 31st May 2024 36,507 1,684 1,062 18,243 57,496
At 31st May 2023 36,507 1,982 1,417 17,044 56,950

6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Trade debtors - 14,425
Other debtors 138,430 541
138,430 14,966

THOMAS H WOOD LIMITED (REGISTERED NUMBER: 05739227)

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


7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Trade creditors 3,950 3,950
Taxation and social security 49,469 45,917
Other creditors 5,284 720
58,703 50,587

8. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 2024 2023
value: £    £   
100 Ordinary £1 100 100

9. RELATED PARTY DISCLOSURES

As at the year end Thomas H Wood Limited was owed £130,000 (2023 - £0) by a company in which the directors have a controlling interest.