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
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
G. Woods Bathrooms Limited
Statement of financial position
as at 28 January 2024
Tangible assets
41,206
36,802
Cash at bank and in hand
12,647
12,324
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)
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
G. Woods Bathrooms Limited
Notes to the Accounts
for the year ended 28 January 2024
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.
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.
The accounts have been prepared under the historical cost convention as modified by the revaluation of certain fixed assets.
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 (including purchased goodwill and patents) are included at cost less accumulated amortisation.
4
Intangible fixed assets
Goodwill
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
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
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
Amounts falling due within one year
Trade debtors
30,490
19,456
Accrued income and prepayments
783
744
7
Creditors: amounts falling due within one year
2024
2023
Bank loans and overdrafts
14,178
10,648
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)
8
Creditors: amounts falling due after more than one year
2024
2023
Obligations under finance leases and hire purchase contracts
13,436
18,023
9
Average number of employees
During the year the average number of employees was 14 (2023: 12).