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REGISTERED NUMBER: 01344107 (England and Wales)















Unaudited Financial Statements for the Year Ended 31 December 2023

for

I & C Woolstenholmes Limited

I & C Woolstenholmes Limited (Registered number: 01344107)






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


I & C Woolstenholmes Limited

Company Information
for the Year Ended 31 December 2023







DIRECTORS: Mr I Woolstenholmes
Mrs C Woolstenholmes
Mr D E Allen
Mrs L Woolstenholmes Green





SECRETARY: Mrs C Woolstenholmes





REGISTERED OFFICE: Whitley Way
Northfields Industrial Estate
Market Deeping
Peterborough
PE6 8AR





REGISTERED NUMBER: 01344107 (England and Wales)





ACCOUNTANTS: Jackson Mitchell Limited
Orchard Court
Abbotskerswell
Newton Abbot
Devon
TQ12 5NP

I & C Woolstenholmes Limited (Registered number: 01344107)

Balance Sheet
31 December 2023

31.12.23 31.12.22
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 13,937 15,079

CURRENT ASSETS
Stocks 280,995 284,842
Debtors 5 8,859 7,583
Cash at bank and in hand 79,008 64,193
368,862 356,618
CREDITORS
Amounts falling due within one year 6 46,014 49,634
NET CURRENT ASSETS 322,848 306,984
TOTAL ASSETS LESS CURRENT
LIABILITIES

336,785

322,063

PROVISIONS FOR LIABILITIES 2,648 2,865
NET ASSETS 334,137 319,198

CAPITAL AND RESERVES
Called up share capital 9,100 9,100
Retained earnings 325,037 310,098
SHAREHOLDERS' FUNDS 8 334,137 319,198

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.

I & C Woolstenholmes Limited (Registered number: 01344107)

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 Income Statement has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 1 March 2024 and were signed on its behalf by:





Mrs L Woolstenholmes Green - Director


I & C Woolstenholmes Limited (Registered number: 01344107)

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

1. STATUTORY INFORMATION

I & C Woolstenholmes 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.

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.
Plant and machinery etc - 25% on cost, 20% on reducing balance and 10% 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 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.

I & C Woolstenholmes Limited (Registered number: 01344107)

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

2. ACCOUNTING POLICIES - continued

Hire purchase and leasing commitments
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 6 (2022 - 6 ) .

4. TANGIBLE FIXED ASSETS
Plant and
machinery
etc
£   
COST
At 1 January 2023 84,114
Additions 890
At 31 December 2023 85,004
DEPRECIATION
At 1 January 2023 69,035
Charge for year 2,032
At 31 December 2023 71,067
NET BOOK VALUE
At 31 December 2023 13,937
At 31 December 2022 15,079

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.12.23 31.12.22
£    £   
Trade debtors 3,569 2,596
Other debtors 5,290 4,987
8,859 7,583

I & C Woolstenholmes Limited (Registered number: 01344107)

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

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.12.23 31.12.22
£    £   
Trade creditors 17,724 14,524
Taxation and social security 23,518 31,124
Other creditors 4,772 3,986
46,014 49,634

7. ULTIMATE CONTROLLING PARTY

The company is controlled by the directors, I Woolstenholmes and C Woolstenholmes, who acting in concert have the majority shareholding of the company's issued voting share capital.

8. RECONCILIATION OF MOVEMENTS IN SHAREHOLDERS' FUNDS
31.12.23 31.12.22
£    £   
Profit for the financial year 24,839 52,990
Dividends (9,900 ) (25,000 )
Net addition to shareholders' funds 14,939 27,990
Opening shareholders' funds 319,198 291,208
Closing shareholders' funds 334,137 319,198