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REGISTERED NUMBER: 13016145 (England and Wales)















FINANCIAL STATEMENTS FOR THE YEAR ENDED 30 NOVEMBER 2023

FOR

GD WOODMAN LTD

GD WOODMAN LTD (REGISTERED NUMBER: 13016145)






CONTENTS OF THE FINANCIAL STATEMENTS
for the year ended 30 November 2023




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 3


GD WOODMAN LTD

COMPANY INFORMATION
for the year ended 30 November 2023







DIRECTOR: Ms N Li





REGISTERED OFFICE: 7 Lorian Close
London
N12 7DW





REGISTERED NUMBER: 13016145 (England and Wales)





ACCOUNTANTS: Jeffrey C C Hoong FCCA
Hoong & Company
7 Lorian Close
Woodside Park
London
N12 7DW

GD WOODMAN LTD (REGISTERED NUMBER: 13016145)

BALANCE SHEET
30 November 2023

2023 2022
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 766,388 766,797

CURRENT ASSETS
Debtors 5 - 5,859
Prepayments and accrued income - 8,019
Cash at bank 27 3
27 13,881
CREDITORS
Amounts falling due within one year 6 185,306 54,737
NET CURRENT LIABILITIES (185,279 ) (40,856 )
TOTAL ASSETS LESS CURRENT LIABILITIES 581,109 725,941

CREDITORS
Amounts falling due after more than one year 7 674,478 835,722
NET LIABILITIES (93,369 ) (109,781 )

CAPITAL AND RESERVES
Called up share capital 150 150
Retained earnings 9 (93,519 ) (109,931 )
(93,369 ) (109,781 )

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 30 November 2023.

The members have not required the company to obtain an audit of its financial statements for the year ended 30 November 2023 in accordance with Section 476 of the Companies Act 2006.

The director acknowledges her 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.

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 Income Statement has not been delivered.

The financial statements were approved by the director and authorised for issue on 21 August 2024 and were signed by:





Ms N Li - Director


GD WOODMAN LTD (REGISTERED NUMBER: 13016145)

NOTES TO THE FINANCIAL STATEMENTS
for the year ended 30 November 2023

1. STATUTORY INFORMATION

GD Woodman 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.

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.
Fixtures and fittings - 20% on reducing balance
Computer equipment - 33% on reducing balance

Taxation
Taxation for the year comprises current and deferred tax. Tax is recognised in the Income Statement, 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 balance sheet date.

Deferred tax
Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the balance sheet 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.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 1 (2022 - 1 ) .

4. TANGIBLE FIXED ASSETS
Freehold Short Plant and
property leasehold machinery
£    £    £   
COST
At 1 December 2022 753,905 - 13,637
Additions - 11,456 -
Disposals (11,446 ) - (13,637 )
At 30 November 2023 742,459 11,456 -
DEPRECIATION
At 1 December 2022 - - 2,841
Charge for year - - -
Eliminated on disposal - - (2,841 )
At 30 November 2023 - - -
NET BOOK VALUE
At 30 November 2023 742,459 11,456 -
At 30 November 2022 753,905 - 10,796

GD WOODMAN LTD (REGISTERED NUMBER: 13016145)

NOTES TO THE FINANCIAL STATEMENTS - continued
for the year ended 30 November 2023

4. TANGIBLE FIXED ASSETS - continued

Fixtures
and Computer
fittings equipment Totals
£    £    £   
COST
At 1 December 2022 915 1,472 769,929
Additions 13,637 - 25,093
Disposals - - (25,083 )
At 30 November 2023 14,552 1,472 769,939
DEPRECIATION
At 1 December 2022 76 215 3,132
Charge for year 2,841 419 3,260
Eliminated on disposal - - (2,841 )
At 30 November 2023 2,917 634 3,551
NET BOOK VALUE
At 30 November 2023 11,635 838 766,388
At 30 November 2022 839 1,257 766,797

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Amount owed by group undertaking - 4,238
VAT - 1,621
- 5,859

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Trade creditors 176,106 17,787
Tax 749 -
VAT 6,951 -
Accrued expenses 1,500 36,950
185,306 54,737

7. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR
2023 2022
£    £   
Other loans (see note 8) 674,478 835,722

8. LOANS

An analysis of the maturity of loans is given below:

2023 2022
£    £   
Amounts falling due between one and two years:
Other loans - 1-2 years 404,775 584,775
Amounts due to group undertaking 269,703 250,947
674,478 835,722

GD WOODMAN LTD (REGISTERED NUMBER: 13016145)

NOTES TO THE FINANCIAL STATEMENTS - continued
for the year ended 30 November 2023

9. RESERVES
Retained
earnings
£   

At 1 December 2022 (109,931 )
Profit for the year 16,412
At 30 November 2023 (93,519 )