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Company Registration No. 12047334 (England and Wales)
D A Wood and Sons Ltd Unaudited accounts for the year ended 30 November 2023
D A Wood and Sons Ltd Unaudited accounts Contents
Page
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D A Wood and Sons Ltd Company Information for the year ended 30 November 2023
Directors
Mr D A Wood Mrs K Wood Mr L Williams Mr M Kent
Company Number
12047334 (England and Wales)
Registered Office
1 Calverley Road Oulton Leeds LS29 8JD
Accountants
John Shackleton & Co Ltd, 10 Claro Court Business Centre Claro Road Harrogate North Yorkshire HG1 4BA
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D A Wood and Sons Ltd Statement of financial position as at 30 November 2023
2023 
2022 
Notes
£ 
£ 
Fixed assets
Investment property
11,034,999 
11,769,999 
Current assets
Debtors
204,258 
11,293 
Cash at bank and in hand
18,785 
52,680 
223,043 
63,973 
Creditors: amounts falling due within one year
(1,091,466)
(668,128)
Net current liabilities
(868,423)
(604,155)
Total assets less current liabilities
10,166,576 
11,165,844 
Creditors: amounts falling due after more than one year
(4,707,650)
(4,888,600)
Provisions for liabilities
Deferred tax
(1,274,654)
(1,458,404)
Net assets
4,184,272 
4,818,840 
Capital and reserves
Called up share capital
100 
100 
Fair value reserve
3,914,492 
4,375,213 
Profit and loss account
269,680 
443,527 
Shareholders' funds
4,184,272 
4,818,840 
For the year ending 30 November 2023 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 27 August 2024 and were signed on its behalf by
Mr D A Wood Director Company Registration No. 12047334
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D A Wood and Sons Ltd Notes to the Accounts for the year ended 30 November 2023
1
Statutory information
D A Wood and Sons Ltd is a private company, limited by shares, registered in England and Wales, registration number 12047334. The registered office is 1 Calverley Road, Oulton, Leeds, LS29 8JD.
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. The comparatives on these accounts have been restated to show a provision for deferred tax on revaluation of investment property at 25%. The revaluation of investment property net of deferred tax provision is now shown in a fair value reserve.
Presentation currency
The accounts are presented in £ sterling.
Deferred taxation
Deferred tax arises as a result of including items of income and expenditure in taxation computations in periods different from those in which they are included in the company's accounts. Deferred tax is provided in full on timing differences which result in an obligation to pay more (or less) tax at a future date, at the average tax rates that are expected to apply when the timing differences reverse, based on current tax rates and laws. Deferred tax assets and liabilities are not discounted.
Investment property
Investment property is included at market fair value. Gains are recognised in the income statement. Deferred taxation is provided on these gains at the rate expected to apply when the property is sold.
4
Investment property
2023 
£ 
Fair value at 1 December 2022
11,769,999 
Net loss from fair value adjustments
(735,000)
At 30 November 2023
11,034,999 
On 15 September 2023 a fire badly damaged the bakery at Dudley. The valuation of that site was reduced by £860,000 to take this into account.
5
Debtors
2023 
2022 
£ 
£ 
Amounts falling due within one year
Other debtors
204,258 
11,293 
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D A Wood and Sons Ltd Notes to the Accounts for the year ended 30 November 2023
6
Creditors: amounts falling due within one year
2023 
2022 
£ 
£ 
Bank loans and overdrafts
336,261 
349,186 
VAT
32,505 
20,804 
Taxes and social security
- 
8,009 
Other creditors
- 
287,429 
Loans from directors
95,000 
- 
Accruals
2,700 
2,700 
Deferred income
625,000 
- 
1,091,466 
668,128 
7
Creditors: amounts falling due after more than one year
2023 
2022 
£ 
£ 
Bank loans
4,707,650 
4,888,600 
Aggregate of amounts that fall due for payment after five years
3,264,201 
3,491,857 
Bank loans are secured by fixed and floating charges over the company's assets.
8
Deferred taxation
2023 
2022 
£ 
£ 
Revaluation of investment property
1,274,654 
1,458,404 
2023 
2022 
£ 
£ 
Provision at start of year
1,458,404 
549,386 
(Credited)/charged to the profit and loss account
(183,750)
909,018 
Provision at end of year
1,274,654 
1,458,404 
9
Share capital
2023 
2022 
£ 
£ 
Allotted, called up and fully paid:
50 Ordinary shares A of £1 each
50 
50 
50 Ordinary shares B of £1 each
50 
50 
100 
100 
10
Loans to directors
Brought Forward 
Advance/ credit 
Repaid 
Carried Forward 
£ 
£ 
£ 
£ 
Mr D A Wood
Advances to director
11,293 
- 
11,293 
- 
11,293 
- 
11,293 
- 
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D A Wood and Sons Ltd Notes to the Accounts for the year ended 30 November 2023
11
Transactions with related parties
Loans had been made of £204, 258 to David Wood Baking Ltd. (other debtors) In the previous year, loans have been received from David Wood Baking Ltd of £287,429 (other creditors). David Wood Baking Ltd which is a company in which David and Karen Wood are also shareholders and directors. No interest has been received or charged on these loans in this period.
12
Average number of employees
During the year the average number of employees was 0 (2022: 0).
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