Woodsure 2023 Limited 14843311 true 2023-05-03 2024-03-31 2024-03-31 The principal activity of the company is that of a dormant entity. Digita Accounts Production Advanced 6.30.9574.0 true Mr B N Allen Mrs S N Sumner true false 14843311 2023-05-03 2024-03-31 14843311 2024-03-31 14843311 core:ShareCapital 2024-03-31 14843311 core:CurrentFinancialInstruments 2024-03-31 14843311 bus:FRS102 2023-05-03 2024-03-31 14843311 bus:AuditExempt-NoAccountantsReport 2023-05-03 2024-03-31 14843311 bus:FullAccounts 2023-05-03 2024-03-31 14843311 bus:RegisteredOffice 2023-05-03 2024-03-31 14843311 bus:Director1 2023-05-03 2024-03-31 14843311 bus:Director2 2023-05-03 2024-03-31 14843311 bus:EntityHasNeverTraded 2023-05-03 2024-03-31 14843311 bus:PrivateLimitedCompanyLtd 2023-05-03 2024-03-31 14843311 1 2023-05-03 2024-03-31 14843311 countries:EnglandWales 2023-05-03 2024-03-31 iso4217:GBP

Registration number: 14843311

Woodsure 2023 Limited

Annual Report and Unaudited Financial Statements

for the Period from 3 May 2023 to 31 March 2024

 

Woodsure 2023 Limited

Profit and Loss Account for the Period from 3 May 2023 to 31 March 2024

The company has not traded during the period. During this period, the company received no income and incurred no expenditure and therefore made neither profit nor loss.

 

Woodsure 2023 Limited

(Registration number: 14843311)
Balance Sheet as at 31 March 2024

Note

2024
£

Current assets

 

Debtors

4

1

Capital and reserves

 

Called up share capital

5

1

Shareholders' funds

 

1

For the financial period ending 31 March 2024 the company was entitled to exemption from audit under section 480 of the Companies Act 2006 relating to dormant companies.

Directors' responsibilities:

The members have not required the company to obtain an audit of its accounts for the period in question in accordance with section 476; and

The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.

These financial statements have been prepared in accordance with the special provisions relating to companies subject to the small companies regime within Part 15 of the Companies Act 2006.

Approved and authorised by the Board on 9 September 2024 and signed on its behalf by:
 


Mr B N Allen
Director

 

Woodsure 2023 Limited

Notes to the Unaudited Financial Statements for the Period from 3 May 2023 to 31 March 2024

1

General information

The company is a private company limited by share capital, incorporated in England and Wales.

The address of its registered office is:
Severn House
Unit 5, Newtown Trading Estate
Green Lane
Tewkesbury
Gloucestershire
GL20 8HD

2

Accounting policies

Summary of significant accounting policies and key accounting estimates

The principal accounting policies applied in the preparation of these financial statements are set out below. These policies have been consistently applied to all the years presented, unless otherwise stated.

Statement of compliance

These financial statements have been prepared in accordance with Financial Reporting Standard 102 Section 1A smaller entities - 'The Financial Reporting Standard applicable in the United Kingdom and Republic of Ireland' and the Companies Act 2006 (as applicable to companies subject to the small companies' regime).

Basis of preparation

These financial statements have been prepared using the historical cost convention except for, where disclosed in these accounting policies, certain items that are shown at fair value.

The presentational currency of the financial statements is Pounds Sterling, being the functional currency of the primary economic environment in which the company operates. Monetary amounts in these financial statements are rounded to the nearest Pound.

Profit and loss account

The company has not traded during the year. During this time, the company received no income and incurred no expenditure and therefore no profit and loss account is presented in these financial statements.

Group accounts not prepared

The company has taken advantage of the exemption in section 398 of the Companies Act 2006 from the requirement to prepare consolidated financial statements, on the grounds that it is a small group.

Going concern

After reviewing the company's forecasts and projections, the directors have a reasonable expectation that the company has adequate resources to continue in operational existence for the foreseeable future. The company therefore continues to adopt the going concern basis in preparing its financial statements.

Judgements

No significant judgements have been made by management in preparing these financial statements.

Key sources of estimation uncertainty

No key sources of estimation uncertainty have been identified by management in preparing these financial statements other than those detailed in these accounting policies..

Trade debtors

Trade debtors are amounts due from customers for merchandise sold or services performed in the ordinary course of business.

Trade debtors are recognised initially at the transaction price. All trade debtors are repayable within one year and hence are included at the undiscounted cost of cash expected to be received. A provision for the impairment of trade debtors is established when there is objective evidence that the company will not be able to collect all amounts due according to the original terms of the debtors.

 

Woodsure 2023 Limited

Notes to the Unaudited Financial Statements for the Period from 3 May 2023 to 31 March 2024

Share capital

Ordinary shares are classified as equity. Equity instruments are measured at the fair value of the cash or other resources received or receivable, net of the direct costs of issuing the equity instruments. If payment is deferred and the time value of money is material, the initial measurement is on a present value basis.

Financial instruments

Classification
Financial instruments are classified and accounted for according to the substance of the contractual arrangement, as financial assets, financial liabilities or equity instruments. An equity instrument is any contract that evidences a residual interest in the assets of the company after deducting all of its liabilities. Where shares are issued, any component that creates a financial liability of the company is presented as a liability on the balance sheet. The corresponding dividends relating to the liability component are charged as interest expenses in the profit and loss account.

 Recognition and measurement
All financial assets and liabilities are initially measured at transaction price (including transaction costs), except for those financial assets classified as at fair value through profit or loss, which are initially measured at fair value (which is normally the transaction price excluding transaction costs), unless the arrangement constitutes a financing transaction. If an arrangement constitutes a financing transaction, the financial asset or financial liability is measured at the present value of the future payments discounted at a market rate of interest for a similar debt instrument.

 Impairment
Assets, other than those measured at fair value, are assessed for indicators of impairment at each balance sheet date. If there is objective evidence of impairment, an impairment loss is recognised in profit or loss as described below.

A non financial asset is impaired where there is objective evidence that, as a result of one or more events that occurred after initial recognition, the estimated recoverable value of the asset has been reduced. The recoverable amount of an asset is the higher of its fair value less costs to sell and its value in use.

Where indicators exist for a decrease in impairment loss, the prior impairment loss is tested to determine reversal. An impairment loss is reversed on an individual impaired asset to the extent that the revised recoverable value does not lead to a revised carrying amount higher than the carrying value had no impairment been recognised.

For financial assets carried at amortised cost, the amount of an impairment is the difference between the asset’s carrying amount and the present value of estimated future cash flows, discounted at the financial asset’s original effective interest rate.

For financial assets carried at cost less impairment, the impairment loss is the difference between the asset’s carrying amount and the best estimate of the amount that would be received for the asset if it were to be sold at the reporting date.

Where indicators exist for a decrease in impairment loss, and the decrease can be related objectively to an event occurring after the impairment was recognised, the prior impairment loss is tested to determine reversal. An impairment loss is reversed on an individual impaired financial asset to the extent that the revised recoverable value does not lead to a revised carrying amount higher than the carrying value had no impairment been recognised.

3

Staff numbers

The average number of persons employed by the company (including directors) during the period, was Nil.

4

Debtors

2024
£

Amounts owed by group undertakings

1

1

 

Woodsure 2023 Limited

Notes to the Unaudited Financial Statements for the Period from 3 May 2023 to 31 March 2024

5

Share capital

Allotted, called up and fully paid shares

 

2024

 

No.

£

Ordinary share capital of £1 each

1

1

     

6

Parent and ultimate parent undertaking

The company's immediate parent is Woodsure Limited, a private company limited by guarantee, incorporated in United Kingdom.

 The ultimate parent is Cleaner Safer Group, a private company limited by guarantee, incorporated in England.

 The ultimate controlling party is Cleaner Safer Group.