29 January 2023 false No description of principal activity Taxfiler 2024.5 SC214038business:PrivateLimitedCompanyLtd2023-01-292024-01-28 SC2140382023-01-28 SC2140382023-01-292024-01-28 SC214038business:AuditExemptWithAccountantsReport2023-01-292024-01-28 SC214038business:FilletedAccounts2023-01-292024-01-28 SC2140382024-01-28 SC214038business:Director12023-01-292024-01-28 SC214038business:Director22023-01-292024-01-28 SC214038business:Director32023-01-292024-01-28 SC214038business:Director42023-01-292024-01-28 SC214038business:RegisteredOffice2023-01-292024-01-28 SC2140382023-01-28 SC214038core:WithinOneYear2024-01-28 SC214038core:WithinOneYear2023-01-28 SC214038core:AfterOneYear2024-01-28 SC214038core:AfterOneYear2023-01-28 SC214038core:ShareCapitalcore:PreviouslyStatedAmount2024-01-28 SC214038core:ShareCapitalcore:PreviouslyStatedAmount2023-01-28 SC214038core:RetainedEarningsAccumulatedLossescore:PreviouslyStatedAmount2024-01-28 SC214038core:RetainedEarningsAccumulatedLossescore:PreviouslyStatedAmount2023-01-28 SC214038core:PreviouslyStatedAmount2024-01-28 SC214038core:PreviouslyStatedAmount2023-01-28 SC214038business:SmallEntities2023-01-292024-01-28 SC214038countries:Scotland2023-01-292024-01-28 SC214038core:PlantMachinery2023-01-292024-01-28 SC214038core:MotorVehicles2023-01-292024-01-28 SC214038core:FurnitureFittings2023-01-292024-01-28 SC214038core:ComputerEquipment2023-01-292024-01-28 SC214038core:Goodwill2023-01-28 SC214038core:Goodwill2024-01-28 SC214038core:PlantMachinery2023-01-28 SC214038core:MotorVehicles2023-01-28 SC214038core:FurnitureFittings2023-01-28 SC214038core:ComputerEquipment2023-01-28 SC214038core:PlantMachinery2024-01-28 SC214038core:MotorVehicles2024-01-28 SC214038core:FurnitureFittings2024-01-28 SC214038core:ComputerEquipment2024-01-28 SC2140382022-02-012023-01-28 iso4217:GBP xbrli:pure
Company Registration No. SC214038 (Scotland)
G. Woods Bathrooms Limited Unaudited accounts for the year ended 28 January 2024
G. Woods Bathrooms Limited Unaudited accounts Contents
Page
- 2 -
G. Woods Bathrooms Limited Company Information for the year ended 28 January 2024
Directors
Anthony Woods Gerard Woods Michael Woods Patricia Woods
Company Number
SC214038 (Scotland)
Registered Office
TEXTILE HOUSE 3 DUKE STREET PAISLEY RENFREWSHIRE PA2 6RF
Accountants
Ascent Accounting Ltd Clyde Offices 2nd Floor 48 West George Street Glasgow G2 1BP
- 3 -
G. Woods Bathrooms Limited Statement of financial position as at 28 January 2024
2024 
2023 
Notes
£ 
£ 
Fixed assets
Tangible assets
41,206 
36,802 
Current assets
Inventories
30,426 
35,795 
Debtors
31,978 
20,905 
Cash at bank and in hand
12,647 
12,324 
75,051 
69,024 
Creditors: amounts falling due within one year
(192,017)
(184,104)
Net current liabilities
(116,966)
(115,080)
Total assets less current liabilities
(75,760)
(78,278)
Creditors: amounts falling due after more than one year
(47,299)
(46,968)
Net liabilities
(123,059)
(125,246)
Capital and reserves
Called up share capital
1,000 
1,000 
Profit and loss account
(124,059)
(126,246)
Shareholders' funds
(123,059)
(125,246)
For the year ending 28 January 2024 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies. The members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.
The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.
These accounts have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies' regime and in accordance with the provisions of FRS 102 Section 1A - Small Entities. The profit and loss account has not been delivered to the Registrar of Companies.
The financial statements were approved by the Board of Directors and authorised for issue on 21 August 2024 and were signed on its behalf by
Gerard Woods Director Company Registration No. SC214038
- 4 -
G. Woods Bathrooms Limited Notes to the Accounts for the year ended 28 January 2024
1
Statutory information
G. Woods Bathrooms Limited is a private company, limited by shares, registered in Scotland, registration number SC214038. The registered office is TEXTILE HOUSE, 3 DUKE STREET, PAISLEY, RENFREWSHIRE, PA2 6RF.
2
Compliance with accounting standards
The accounts have been prepared in accordance with the provisions of FRS 102 Section 1A Small Entities. There were no material departures from that standard.
3
Accounting policies
The principal accounting policies adopted in the preparation of the financial statements are set out below and have remained unchanged from the previous year, and also have been consistently applied within the same accounts.
Basis of preparation
The accounts have been prepared under the historical cost convention as modified by the revaluation of certain fixed assets.
Presentation currency
The accounts are presented in £ sterling.
Tangible fixed assets and depreciation
Tangible assets are included at cost less depreciation and impairment. Depreciation has been provided at the following rates in order to write off the assets over their estimated useful lives:
Plant & machinery
20% Reducing Balance
Motor vehicles
25% Reducing Balance
Fixtures & fittings
25% Reducing Balance
Computer equipment
25% Reducing Balance
Intangible fixed assets
Intangible fixed assets (including purchased goodwill and patents) are included at cost less accumulated amortisation.
4
Intangible fixed assets
Goodwill 
£ 
Cost
At 29 January 2023
9,000 
At 28 January 2024
9,000 
Amortisation
At 29 January 2023
9,000 
At 28 January 2024
9,000 
Net book value
At 28 January 2024
- 
- 5 -
G. Woods Bathrooms Limited Notes to the Accounts for the year ended 28 January 2024
5
Tangible fixed assets
Plant & machinery 
Motor vehicles 
Fixtures & fittings 
Computer equipment 
Total 
£ 
£ 
£ 
£ 
£ 
Cost or valuation
At cost 
At cost 
At cost 
At cost 
At 29 January 2023
27,628 
96,397 
62,932 
3,174 
190,131 
Additions
- 
13,750 
- 
- 
13,750 
At 28 January 2024
27,628 
110,147 
62,932 
3,174 
203,881 
Depreciation
At 29 January 2023
21,689 
67,369 
61,233 
3,038 
153,329 
Charge for the year
1,188 
7,699 
425 
34 
9,346 
At 28 January 2024
22,877 
75,068 
61,658 
3,072 
162,675 
Net book value
At 28 January 2024
4,751 
35,079 
1,274 
102 
41,206 
At 28 January 2023
5,939 
29,028 
1,699 
136 
36,802 
6
Debtors
2024 
2023 
£ 
£ 
Amounts falling due within one year
Trade debtors
30,490 
19,456 
Accrued income and prepayments
783 
744 
Other debtors
705 
705 
31,978 
20,905 
7
Creditors: amounts falling due within one year
2024 
2023 
£ 
£ 
Bank loans and overdrafts
14,178 
10,648 
VAT
28,412 
32,059 
Obligations under finance leases and hire purchase contracts
4,587 
4,587 
Trade creditors
72,529 
87,633 
Taxes and social security
9,593 
11,016 
Other creditors
3,355 
3,647 
Loans from directors
6,051 
(2,187)
Accruals
53,312 
36,701 
192,017 
184,104 
8
Creditors: amounts falling due after more than one year
2024 
2023 
£ 
£ 
Bank loans
33,863 
28,945 
Obligations under finance leases and hire purchase contracts
13,436 
18,023 
47,299 
46,968 
9
Average number of employees
During the year the average number of employees was 14 (2023: 12).
- 6 -