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REGISTERED NUMBER: 00807649 (England and Wales)















Unaudited Financial Statements for the Year Ended 31 December 2023

for

DC Woodhead & Partners Ltd

DC Woodhead & Partners Ltd (Registered number: 00807649)






Contents of the Financial Statements
for the Year Ended 31 December 2023




Page

Company information 1

Balance sheet 2

Notes to the financial statements 4


DC Woodhead & Partners Ltd

Company Information
for the Year Ended 31 December 2023







DIRECTORS: Mrs D Lightowler
M Woodhead





REGISTERED OFFICE: Adastra Works
Carlisle Drive
Pudsey
West Yorkshire
LS28 8QW





REGISTERED NUMBER: 00807649 (England and Wales)





ACCOUNTANTS: DWilkinson&Company
Bank House
27 King Street
Leeds
West Yorkshire
LS1 2HL

DC Woodhead & Partners Ltd (Registered number: 00807649)

Balance Sheet
31 December 2023

31.12.23 31.12.22
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 33,144 22,604
Investments 5 250,000 250,000
283,144 272,604

CURRENT ASSETS
Stocks 642,800 558,991
Debtors 6 459,610 595,278
Cash at bank and in hand 205,476 272,492
1,307,886 1,426,761
CREDITORS
Amounts falling due within one year 7 267,815 411,932
NET CURRENT ASSETS 1,040,071 1,014,829
TOTAL ASSETS LESS CURRENT
LIABILITIES

1,323,215

1,287,433

CREDITORS
Amounts falling due after more than
one year

8

7,905

-
NET ASSETS 1,315,310 1,287,433

CAPITAL AND RESERVES
Called up share capital 10 100 100
Retained earnings 1,315,210 1,287,333
SHAREHOLDERS' FUNDS 1,315,310 1,287,433

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 December 2023.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 December 2023 in accordance with Section 476 of the Companies Act 2006.

The directors acknowledge their 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.

DC Woodhead & Partners Ltd (Registered number: 00807649)

Balance Sheet - continued
31 December 2023


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 Board of Directors and authorised for issue on 7 March 2024 and were signed on its behalf by:




Mrs D Lightowler - Director



M Woodhead - Director


DC Woodhead & Partners Ltd (Registered number: 00807649)

Notes to the Financial Statements
for the Year Ended 31 December 2023

1. STATUTORY INFORMATION

DC Woodhead & Partners 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 or, if held under a finance lease, over the lease term, whichever is the shorter.
Plant and machinery - 20% on reducing balance
Fixtures and fittings - 15% on reducing balance
Motor vehicles - 25% on reducing balance

Stocks
Stocks are valued at the lower of cost and net realisable value, after making due allowance for obsolete and slow moving items.

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 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.

DC Woodhead & Partners Ltd (Registered number: 00807649)

Notes to the Financial Statements - continued
for the Year Ended 31 December 2023

2. ACCOUNTING POLICIES - continued

Hire purchase and leasing commitments
Assets obtained under hire purchase contracts or finance leases are capitalised in the balance sheet. Those held under hire purchase contracts are depreciated over their estimated useful lives. Those held under finance leases are depreciated over their estimated useful lives or the lease term, whichever is the shorter.

The interest element of these obligations is charged to profit or loss over the relevant period. The capital element of the future payments is treated as a liability.

Rentals paid under operating leases are charged to profit or loss on a straight line basis over the period of the lease.

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 8 (2022 - 8 ) .

4. TANGIBLE FIXED ASSETS
Fixtures
Plant and and Motor
machinery fittings vehicles Totals
£    £    £    £   
COST
At 1 January 2023 380,687 40,052 24,601 445,340
Additions - - 20,568 20,568
At 31 December 2023 380,687 40,052 45,169 465,908
DEPRECIATION
At 1 January 2023 368,864 38,300 15,572 422,736
Charge for year 2,365 263 7,400 10,028
At 31 December 2023 371,229 38,563 22,972 432,764
NET BOOK VALUE
At 31 December 2023 9,458 1,489 22,197 33,144
At 31 December 2022 11,823 1,752 9,029 22,604

DC Woodhead & Partners Ltd (Registered number: 00807649)

Notes to the Financial Statements - continued
for the Year Ended 31 December 2023

4. TANGIBLE FIXED ASSETS - continued

Fixed assets, included in the above, which are held under hire purchase contracts are as follows:
Motor
vehicles
£   
COST
At 1 January 2023 17,451
Additions 20,568
At 31 December 2023 38,019
DEPRECIATION
At 1 January 2023 10,089
Charge for year 6,983
At 31 December 2023 17,072
NET BOOK VALUE
At 31 December 2023 20,947
At 31 December 2022 7,362

5. FIXED ASSET INVESTMENTS
Other
investment
£   
COST
At 1 January 2023
and 31 December 2023 250,000
NET BOOK VALUE
At 31 December 2023 250,000
At 31 December 2022 250,000

6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.12.23 31.12.22
£    £   
Trade debtors 236,995 391,119
Other debtors 51,324 47,945
Deferred tax asset 171,291 156,214
459,610 595,278

DC Woodhead & Partners Ltd (Registered number: 00807649)

Notes to the Financial Statements - continued
for the Year Ended 31 December 2023

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.12.23 31.12.22
£    £   
Other loans 55 10,544
Hire purchase contracts 6,776 1,098
Trade creditors 196,330 307,604
Tax 20 20
Social security and other taxes 8,239 7,704
VAT 51,346 80,314
Other creditors 759 538
Accrued expenses 4,290 4,110
267,815 411,932

8. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN
ONE YEAR
31.12.23 31.12.22
£    £   
Hire purchase contracts 7,905 -

9. DEFERRED TAX
£   
Balance at 1 January 2023 (156,214 )
Future loss relief
Accelerated capital allowances (15,077 )
Balance at 31 December 2023 (171,291 )

10. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 31.12.23 31.12.22
value: £    £   
100 Ordinary shares £1.00 100 100

11. ULTIMATE CONTROLLING PARTY

The directors control the company due to holding 100% of issued share capital.