IRIS Accounts Production v24.2.0.383 04353223 director 1.2.23 31.1.24 31.1.24 false true false false true false Fair value model iso4217:GBPiso4217:USDiso4217:EURxbrli:sharesxbrli:pureutr:tonnesutr:kWh043532232023-01-31043532232024-01-31043532232023-02-012024-01-31043532232022-01-31043532232022-02-012023-01-31043532232023-01-3104353223ns15:EnglandWales2023-02-012024-01-3104353223ns14:PoundSterling2023-02-012024-01-3104353223ns10:Director12023-02-012024-01-3104353223ns10:PrivateLimitedCompanyLtd2023-02-012024-01-3104353223ns10:SmallEntities2023-02-012024-01-3104353223ns10:AuditExempt-NoAccountantsReport2023-02-012024-01-3104353223ns10:SmallCompaniesRegimeForDirectorsReport2023-02-012024-01-3104353223ns10:SmallCompaniesRegimeForAccounts2023-02-012024-01-3104353223ns10:FullAccounts2023-02-012024-01-3104353223ns10:RegisteredOffice2023-02-012024-01-3104353223ns5:CurrentFinancialInstruments2024-01-3104353223ns5:CurrentFinancialInstruments2023-01-3104353223ns5:Non-currentFinancialInstruments2024-01-3104353223ns5:Non-currentFinancialInstruments2023-01-3104353223ns5:ShareCapital2024-01-3104353223ns5:ShareCapital2023-01-3104353223ns5:RetainedEarningsAccumulatedLosses2024-01-3104353223ns5:RetainedEarningsAccumulatedLosses2023-01-3104353223ns5:PlantMachinery2023-02-012024-01-3104353223ns5:FurnitureFittings2023-02-012024-01-3104353223ns5:ComputerEquipment2023-02-012024-01-3104353223ns5:PlantMachinery2023-01-3104353223ns5:FurnitureFittings2023-01-3104353223ns5:ComputerEquipment2023-01-3104353223ns5:PlantMachinery2024-01-3104353223ns5:FurnitureFittings2024-01-3104353223ns5:ComputerEquipment2024-01-3104353223ns5:PlantMachinery2023-01-3104353223ns5:FurnitureFittings2023-01-3104353223ns5:ComputerEquipment2023-01-3104353223ns5:CurrentFinancialInstrumentsns5:WithinOneYear2024-01-3104353223ns5:CurrentFinancialInstrumentsns5:WithinOneYear2023-01-3104353223ns5:Non-currentFinancialInstrumentsns5:MoreThanFiveYears2024-01-3104353223ns5:Non-currentFinancialInstrumentsns5:MoreThanFiveYears2023-01-31
REGISTERED NUMBER: 04353223 (England and Wales)










UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31ST JANUARY 2024

FOR

WOODLEY SERVICES LTD

WOODLEY SERVICES LTD (REGISTERED NUMBER: 04353223)






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




Page

Company Information 1

Statement of Financial Position 2

Notes to the Financial Statements 4


WOODLEY SERVICES LTD

COMPANY INFORMATION
FOR THE YEAR ENDED 31ST JANUARY 2024







DIRECTOR: I Collins





REGISTERED OFFICE: 9 High Street
Woburn Sands
Milton Keynes
Buckinghamshire
MK17 8RF





REGISTERED NUMBER: 04353223 (England and Wales)





ACCOUNTANTS: Camfield Chapman Lowe
9 High Street
Woburn Sands
Milton Keynes
MK17 8RF

WOODLEY SERVICES LTD (REGISTERED NUMBER: 04353223)

STATEMENT OF FINANCIAL POSITION
31ST JANUARY 2024

2024 2023
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 70 100
Investment property 5 507,707 527,707
507,777 527,807

CURRENT ASSETS
Debtors 6 1,356 -
Cash at bank 9,520 8,203
10,876 8,203
CREDITORS
Amounts falling due within one year 7 163,378 104,038
NET CURRENT LIABILITIES (152,502 ) (95,835 )
TOTAL ASSETS LESS CURRENT
LIABILITIES

355,275

431,972

CREDITORS
Amounts falling due after more than one
year

8

(201,305

)

(259,188

)

PROVISIONS FOR LIABILITIES (2,597 ) (3,571 )
NET ASSETS 151,373 169,213

CAPITAL AND RESERVES
Called up share capital 2 2
Retained earnings 151,371 169,211
SHAREHOLDERS' FUNDS 151,373 169,213

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

The members have not required the company to obtain an audit of its financial statements for the year ended 31st January 2024 in accordance with Section 476 of the Companies Act 2006.

The director acknowledges his 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.

WOODLEY SERVICES LTD (REGISTERED NUMBER: 04353223)

STATEMENT OF FINANCIAL POSITION - continued
31ST JANUARY 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 director and authorised for issue on 30th August 2024 and were signed by:





I Collins - Director


WOODLEY SERVICES LTD (REGISTERED NUMBER: 04353223)

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

1. STATUTORY INFORMATION

Woodley Services Ltd 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 as modified by the revaluation of certain assets.

Turnover
Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Plant and machinery - at varying rates on cost
Fixtures and fittings - 15% on cost
Computer equipment - 25% on cost

Investment property
Investment property is shown at most recent valuation. Any aggregate surplus or deficit arising from changes in fair value is recognised in profit or loss.

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.

Secured debts
The mortgages on the investment properties are secured by first legal charges over the properties.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 1 (2023 - 1 ) .

WOODLEY SERVICES LTD (REGISTERED NUMBER: 04353223)

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

4. TANGIBLE FIXED ASSETS
Fixtures
Plant and and Computer
machinery fittings equipment Totals
£    £    £    £   
COST
At 1st February 2023 859 350 239 1,448
Disposals (859 ) - (239 ) (1,098 )
At 31st January 2024 - 350 - 350
DEPRECIATION
At 1st February 2023 859 250 239 1,348
Charge for year - 30 - 30
Eliminated on disposal (859 ) - (239 ) (1,098 )
At 31st January 2024 - 280 - 280
NET BOOK VALUE
At 31st January 2024 - 70 - 70
At 31st January 2023 - 100 - 100

5. INVESTMENT PROPERTY
Total
£   
FAIR VALUE
At 1st February 2023 527,707
Revaluations (20,000 )
At 31st January 2024 507,707
NET BOOK VALUE
At 31st January 2024 507,707
At 31st January 2023 527,707

The investment properties were purchased in April 2016 and September 2019. Investment properties were valued on an open market basis on 31st January 2024 by the director.

6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Trade debtors 1,356 -

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Taxation and social security 285 1,061
Other creditors 163,093 102,977
163,378 104,038

WOODLEY SERVICES LTD (REGISTERED NUMBER: 04353223)

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

8. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
2024 2023
£    £   
Bank loans 201,305 259,188

Amounts falling due in more than five years:

Repayable otherwise than by instalments
Bank loans more 5 yrs non-inst 201,305 259,188

9. SECURED DEBTS

The mortgages on the investment properties are secured by first legal charges over the properties.