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COMPANY REGISTRATION NUMBER: 11840461
WOODHOUSE CONSTRUCTION YORK LTD
FILLETED UNAUDITED FINANCIAL STATEMENTS
FOR THE YEAR ENDED
31 March 2024
WOODHOUSE CONSTRUCTION YORK LTD
STATEMENT OF FINANCIAL POSITION
31 March 2024
2024
2023
Note
£
£
£
£
FIXED ASSETS
Tangible assets
5
36,890
30,183
CURRENT ASSETS
Work in progress
20,500
Debtors
6
136,003
93,373
Cash at bank and in hand
39,992
60,466
----------
----------
175,995
174,339
CREDITORS: amounts falling due within one year
7
65,729
76,980
----------
----------
NET CURRENT ASSETS
110,266
97,359
----------
----------
TOTAL ASSETS LESS CURRENT LIABILITIES
147,156
127,542
PROVISIONS
Taxation including deferred tax
7,345
6,071
----------
----------
NET ASSETS
139,811
121,471
----------
----------
WOODHOUSE CONSTRUCTION YORK LTD
STATEMENT OF FINANCIAL POSITION (continued)
31 March 2024
2024
2023
Note
£
£
£
£
CAPITAL AND RESERVES
Called up share capital
100
100
Profit and loss account
139,711
121,371
----------
----------
SHAREHOLDERS FUNDS
139,811
121,471
----------
----------
These financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies' regime and in accordance with Section 1A of FRS 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland'.
In accordance with section 444 of the Companies Act 2006, the statement of income and retained earnings has not been delivered.
For the year ending 31 March 2024 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.
Director's responsibilities:
- The members have not required the company to obtain an audit of its financial statements for the year in question in accordance with section 476 ;
- The director acknowledges his responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of financial statements .
These financial statements were approved by the board of directors and authorised for issue on 8 August 2024 , and are signed on behalf of the board by:
Mr P Woodhouse
Director
Company registration number: 11840461
WOODHOUSE CONSTRUCTION YORK LTD
NOTES TO THE FINANCIAL STATEMENTS
YEAR ENDED 31 MARCH 2024
1. GENERAL INFORMATION
The company is a private company limited by shares, registered in England and Wales. The address of the registered office is Ambleside, West Lilling, York, YO60 6RP.
2. STATEMENT OF COMPLIANCE
These financial statements have been prepared in compliance with Section 1A of FRS 102, 'The Financial Reporting Standard applicable in the UK and the Republic of Ireland'.
3. ACCOUNTING POLICIES
(a) Basis of preparation
The financial statements have been prepared on the historical cost basis. The financial statements are prepared in sterling, which is the functional currency of the entity.
(b) Revenue recognition
Turnover is measured at the fair value of the consideration received or receivable and represents amounts receivable for goods supplied and services rendered, stated net of discounts and of Value Added Tax.
(c) Current & deferred tax
The taxation expense represents the aggregate amount of current tax recognised in the reporting period. Tax is recognised in profit or loss, except to the extent that it relates to items recognised in other comprehensive income or directly in equity. In this case, tax is recognised in other comprehensive income or directly in equity, respectively. Current tax is recognised on taxable profit for the current and past periods. Current tax is measured at the amounts of tax expected to pay or recover using the tax rates and laws that have been enacted or substantively enacted at the reporting date. Deferred tax is recognised in respect of all timing differences at the reporting date. Unrelieved tax losses and other deferred tax assets are recognised to the extent that it is probable that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits. Deferred tax is measured using the tax rates and laws that have been enacted or substantively enacted by the reporting date that are expected to apply to the reversal of the timing difference.
(d) Tangible assets
Tangible assets are initially recorded at cost, and subsequently stated at cost less any accumulated depreciation.
(e) Depreciation
Depreciation is calculated so as to write off the cost or valuation of an asset, less its residual value, over the useful economic life of that asset as follows:
Plant and machinery
-
15% reducing balance
Motor vehicles
-
25% reducing balance
Equipment
-
15% reducing balance
(f) Stocks
Stocks are measured at the lower of cost and estimated selling price less costs to complete and sell. Cost includes all costs of purchase, costs of conversion and other costs incurred in bringing the stock to its present location and condition.
(g) Provisions
Provisions are recognised when the entity has an obligation at the reporting date as a result of a past event, it is probable that the entity will be required to transfer economic benefits in settlement and the amount of the obligation can be estimated reliably. Provisions are recognised as a liability in the statement of financial position and the amount of the provision as an expense.
(h) Financial instruments
A financial asset or a financial liability is recognised only when the entity becomes a party to the contractual provisions of the instrument.
(i) Defined contribution plans
Contributions to defined contribution plans are recognised as an expense in the period in which the related service is provided. Prepaid contributions are recognised as an asset to the extent that the prepayment will lead to a reduction in future payments or a cash refund. When contributions are not expected to be settled wholly within 12 months of the end of the reporting date in which the employees render the related service, the liability is measured on a discounted present value basis. The unwinding of the discount is recognised as a finance cost in profit or loss in the period in which it arises.
4. EMPLOYEE NUMBERS
The average number of persons employed by the company during the year amounted to 3 (2023: 2 ).
5. TANGIBLE ASSETS
Plant and machinery
Motor vehicles
Equipment
Total
£
£
£
£
Cost
At 1 April 2023
19,277
27,290
6,356
52,923
Additions
675
14,995
541
16,211
--------
--------
-------
--------
At 31 March 2024
19,952
42,285
6,897
69,134
--------
--------
-------
--------
Depreciation
At 1 April 2023
3,944
16,832
1,964
22,740
Charge for the year
2,401
6,363
740
9,504
--------
--------
-------
--------
At 31 March 2024
6,345
23,195
2,704
32,244
--------
--------
-------
--------
Carrying amount
At 31 March 2024
13,607
19,090
4,193
36,890
--------
--------
-------
--------
At 31 March 2023
15,333
10,458
4,392
30,183
--------
--------
-------
--------
6. DEBTORS
2024
2023
£
£
Trade debtors
133,260
90,705
Other debtors
2,743
2,668
----------
--------
136,003
93,373
----------
--------
7. CREDITORS: amounts falling due within one year
2024
2023
£
£
Trade creditors
40,075
19,534
Corporation tax
7,444
9,685
Social security and other taxes
12,784
14,270
Directors current account
( 1,221)
Other creditors
5,426
34,712
--------
--------
65,729
76,980
--------
--------
8. DIRECTOR'S ADVANCES, CREDITS AND GUARANTEES
At the year the director was owed a loan account of £NIL. (2023 - £1,221 owed by the director).