Company Registration No. 09928308 (England and Wales)
Bierton and Woods Ltd
Unaudited accounts
for the year ended 31 December 2023
Bierton and Woods Ltd
Unaudited accounts
Contents
Bierton and Woods Ltd
Company Information
for the year ended 31 December 2023
Directors
Mr R Bierton
Mr M Woods
Company Number
09928308 (England and Wales)
Registered Office
DBH6 Diss Business Hub
Diss Business Park
Diss
Norfolk
IP22 4GT
Accountants
Ace Tax and Bookkeeping Solutions
DBH6 Diss Business Hub
Diss Business Park
Diss
Norfolk
IP22 4GT
Bierton and Woods Ltd
Statement of financial position
as at 31 December 2023
Tangible assets
89,295
117,844
Cash at bank and in hand
1,360,901
1,183,132
Creditors: amounts falling due within one year
(149,925)
(138,369)
Net current assets
1,462,969
1,367,120
Total assets less current liabilities
1,552,264
1,484,964
Provisions for liabilities
Deferred tax
(14,825)
(15,260)
Net assets
1,537,439
1,469,704
Called up share capital
99
100
Capital redemption reserve
(160,000)
-
Profit and loss account
1,697,340
1,469,604
Shareholders' funds
1,537,439
1,469,704
For the year ending 31 December 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 6 September 2024 and were signed on its behalf by
Mr R Bierton
Director
Company Registration No. 09928308
Bierton and Woods Ltd
Notes to the Accounts
for the year ended 31 December 2023
Bierton and Woods Ltd is a private company, limited by shares, registered in England and Wales, registration number 09928308. The registered office is DBH6 Diss Business Hub, Diss Business Park, Diss, Norfolk, IP22 4GT.
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
25% Reducing balance
Motor vehicles
20% Reducing balance
Fixtures & fittings
25% Reducing balance
4
Tangible fixed assets
Plant & machinery
Motor vehicles
Fixtures & fittings
Total
Cost or valuation
At cost
At cost
At cost
At 1 January 2023
333,097
109,305
1,344
443,746
Disposals
-
(7,400)
-
(7,400)
At 31 December 2023
333,097
101,905
1,344
436,346
At 1 January 2023
286,549
38,515
838
325,902
Charge for the year
11,637
13,502
127
25,266
On disposals
-
(4,117)
-
(4,117)
At 31 December 2023
298,186
47,900
965
347,051
At 31 December 2023
34,911
54,005
379
89,295
At 31 December 2022
46,548
70,790
506
117,844
Bierton and Woods Ltd
Notes to the Accounts
for the year ended 31 December 2023
Amounts falling due within one year
Trade debtors
165,152
246,490
6
Creditors: amounts falling due within one year
2023
2022
Trade creditors
38,819
34,404
Taxes and social security
77,035
59,800
Loans from directors
1,173
370
7
Deferred taxation
2023
2022
Accelerated capital allowances
14,825
15,260
Provision at start of year
15,260
14,498
(Credited)/charged to the profit and loss account
(435)
762
Provision at end of year
14,825
15,260
Allotted, called up and fully paid:
99 Ordinary shares of £1 each
99
100
Defined Contribution Pension Plan
The company operates a defined contribution plan for its employees, under which the company pays fixed contributions into a separate entity. Once the contributions have been made, the company has no further payment obligations.
The contributions are recognised as an expense in the Profit and Loss Account when they fall due. Amounts not paid are shown as a liability in the Balance Sheet. The assets of the plan are held separately from the Company in independently administered funds.
This amounted to £2,629 (£1,351 - 2022).
10
Average number of employees
During the year the average number of employees was 10 (2022: 9).