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REGISTERED NUMBER: 04673890 (England and Wales)















UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31ST MARCH 2024

FOR

THE WOOD FAMILY LIMITED

THE WOOD FAMILY LIMITED (REGISTERED NUMBER: 04673890)






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




Page

Company Information 1

Statement of Financial Position 2

Notes to the Financial Statements 4


THE WOOD FAMILY LIMITED

COMPANY INFORMATION
FOR THE YEAR ENDED 31ST MARCH 2024







DIRECTOR: Mrs L I Wood





SECRETARY: Mrs L I Wood





REGISTERED OFFICE: 39 The Metro Centre
Tolpits Lane
Watford
Hertfordshire
WD18 9SB





REGISTERED NUMBER: 04673890 (England and Wales)





ACCOUNTANTS: Meades Group Limited
39 The Metro Centre
Tolpits Lane
Watford
Hertfordshire
WD18 9SB

THE WOOD FAMILY LIMITED (REGISTERED NUMBER: 04673890)

STATEMENT OF FINANCIAL POSITION
31ST MARCH 2024

2024 2023
Notes £    £    £    £   
FIXED ASSETS
Intangible assets 4 - -
Tangible assets 5 188 364
188 364

CURRENT ASSETS
Debtors 6 81 610
Cash at bank 6,473 1,883
6,554 2,493
CREDITORS
Amounts falling due within one
year

7

6,693

7,927
NET CURRENT LIABILITIES (139 ) (5,434 )
TOTAL ASSETS LESS CURRENT
LIABILITIES

49

(5,070

)

PROVISIONS FOR LIABILITIES 47 69
NET ASSETS/(LIABILITIES) 2 (5,139 )

CAPITAL AND RESERVES
Called up share capital 2 2
Retained earnings - (5,141 )
SHAREHOLDERS' FUNDS 2 (5,139 )

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

The members have not required the company to obtain an audit of its financial statements for the year ended 31st March 2024 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 WOOD FAMILY LIMITED (REGISTERED NUMBER: 04673890)

STATEMENT OF FINANCIAL POSITION - continued
31ST MARCH 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 3rd September 2024 and were signed by:





Mrs L I Wood - Director


THE WOOD FAMILY LIMITED (REGISTERED NUMBER: 04673890)

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

1. STATUTORY INFORMATION

The Wood Family Limited 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.

The financial statements have been prepared on the going concern basis, on the assumption that the company will continue to trade for the foreseeable future, despite it having net current liabilities of £139 (2023 - £5,434) as at the balance sheet date.

The director considers the going concern basis to be appropriate as, in her opinion, the company will be able to secure sufficient funding to enable it to pay its debts as they fall due.

Turnover
Turnover represents income earned from the operation of a cafe/newsagent and is stated net of value added tax.

Goodwill
Goodwill, being the amount paid in connection with the acquisition of a business in 2003, is being amortised evenly over its estimated useful life of twenty years.

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 - Straight line over 4 years
Fixtures and fittings - 25% on reducing balance and Straight line over 4 years

Pension costs and other post-retirement benefits
The company operates a defined contribution pension scheme. Contributions payable to the company's pension scheme are charged to profit or loss in the period to which they relate.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 3 (2023 - 2 ) .

THE WOOD FAMILY LIMITED (REGISTERED NUMBER: 04673890)

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

4. INTANGIBLE FIXED ASSETS
Goodwill
£   
COST
At 1st April 2023
and 31st March 2024 61,600
AMORTISATION
At 1st April 2023
and 31st March 2024 61,600
NET BOOK VALUE
At 31st March 2024 -
At 31st March 2023 -

5. TANGIBLE FIXED ASSETS
Fixtures
Plant and and
machinery fittings Totals
£    £    £   
COST
At 1st April 2023
and 31st March 2024 655 3,401 4,056
DEPRECIATION
At 1st April 2023 473 3,219 3,692
Charge for year 120 56 176
At 31st March 2024 593 3,275 3,868
NET BOOK VALUE
At 31st March 2024 62 126 188
At 31st March 2023 182 182 364

6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Social security and other
taxes - 34
Other debtors - 450
PAYE/NI repayable 81 -
VAT - 126
81 610

THE WOOD FAMILY LIMITED (REGISTERED NUMBER: 04673890)

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

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Trade creditors 158 603
Corporation tax 1,954 -
VAT 350 -
Pension contributions payable 181 70
Director's current account 4,050 7,254
6,693 7,927

8. RELATED PARTY DISCLOSURES

The director's current account balance of £4,050 (2023 - £7,254) has no fixed date for repayment, is repayable upon demand and is non-interest bearing.