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REGISTERED NUMBER: 07202074 (England and Wales)















Unaudited Financial Statements For The Year Ended 31st March 2024

for

Wood Design & Management Limited

Wood Design & Management Limited (Registered number: 07202074)






Contents of the Financial Statements
For The Year Ended 31st March 2024




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 3


Wood Design & Management Limited

Company Information
For The Year Ended 31st March 2024







DIRECTOR: Ms M M Wood





REGISTERED OFFICE: Office 2.20
Causeway House
13 The Causeway
Teddington
TW11 0JR





REGISTERED NUMBER: 07202074 (England and Wales)





ACCOUNTANTS: Dua & Co. Limited
1st Floor
5 Century Court
Tolpits Lane
Watford
Hertfordshire
WD18 9PX

Wood Design & Management Limited (Registered number: 07202074)

Balance Sheet
31st March 2024

2024 2023
Notes £    £    £    £   
FIXED ASSETS
Property, plant and equipment 4 14,851 10,395

CURRENT ASSETS
Inventories 272,879 -
Debtors 5 970,551 1,108,537
Cash at bank and in hand 492,599 389,559
1,736,029 1,498,096
CREDITORS
Amounts falling due within one year 6 933,706 775,290
NET CURRENT ASSETS 802,323 722,806
TOTAL ASSETS LESS CURRENT LIABILITIES 817,174 733,201

CAPITAL AND RESERVES
Called up share capital 100 100
Retained earnings 817,074 733,101
SHAREHOLDERS' FUNDS 817,174 733,201

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 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 director and authorised for issue on 19th September 2024 and were signed by:





Ms M M Wood - Director


Wood Design & Management Limited (Registered number: 07202074)

Notes to the Financial Statements
For The Year Ended 31st March 2024

1. STATUTORY INFORMATION

Wood Design & Management 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 represents net invoiced sales of services, excluding Value Added Tax.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Fixtures and fittings - 25% on reducing balance
Computer equipment - 25% on reducing balance

Stocks
Work in progress is valued at the lower of cost and net realisable value.

Cost is calculated using the first-in, first-out method and includes all purchase, transport, and handling costs in bringing inventories to their present location and condition.

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.

Foreign currencies
Assets and liabilities in foreign currencies are translated into sterling at the rates of exchange ruling at the balance sheet date. Transactions in foreign currencies are translated into sterling at the rate of exchange ruling at the date of transaction. Exchange differences are taken into account in arriving at the operating result.

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 7 (2023 - 5 ) .

Wood Design & Management Limited (Registered number: 07202074)

Notes to the Financial Statements - continued
For The Year Ended 31st March 2024

4. PROPERTY, PLANT AND EQUIPMENT
Plant and
machinery
etc
£   
COST
At 1st April 2023 149,405
Additions 8,910
At 31st March 2024 158,315
DEPRECIATION
At 1st April 2023 139,010
Charge for year 4,454
At 31st March 2024 143,464
NET BOOK VALUE
At 31st March 2024 14,851
At 31st March 2023 10,395

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Trade debtors 584,113 1,096,752
Other debtors 386,438 11,785
970,551 1,108,537

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Payments on account 244,034 -
Trade creditors 446,016 502,275
Taxation and social security 46,053 19,740
Other creditors 197,603 253,275
933,706 775,290

7. ULTIMATE CONTROLLING PARTY

The controlling party is Ms M M Wood.

Ms Melanie Wood, a director controls the company by virtue of her shareholding.