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REGISTERED NUMBER: 05245636 (England and Wales)















Unaudited Financial Statements for the Year Ended 31 December 2023

for

Woodstock Furniture Limited

Woodstock Furniture Limited (Registered number: 05245636)






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

Report of the Accountants 10

Woodstock Furniture Limited

Company Information
for the Year Ended 31 December 2023







DIRECTORS: Mrs M J Hall
A S Hall
K W Henderson
R J C Mawson





SECRETARY: Mrs M J Hall





REGISTERED OFFICE: 14 Hopkinson Way
West Portway Industrial Estate
Andover
Hampshire
SP10 3ZE





REGISTERED NUMBER: 05245636 (England and Wales)





ACCOUNTANTS: Johnston Wood Roach Limited
24 Picton House
Hussar Court
Waterlooville
Hampshire
PO7 7SQ

Woodstock Furniture Limited (Registered number: 05245636)

Balance Sheet
31 December 2023

31.12.23 31.12.22
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 1,109,506 1,120,935
Investments 5 100 100
1,109,606 1,121,035

CURRENT ASSETS
Stocks 102,011 117,901
Debtors 6 289,600 280,351
Cash at bank and in hand 460,226 494,828
851,837 893,080
CREDITORS
Amounts falling due within one year 7 459,054 585,058
NET CURRENT ASSETS 392,783 308,022
TOTAL ASSETS LESS CURRENT
LIABILITIES

1,502,389

1,429,057

CREDITORS
Amounts falling due after more than one
year

8

(92,542

)

(123,554

)

PROVISIONS FOR LIABILITIES 10 (38,993 ) (35,396 )
NET ASSETS 1,370,854 1,270,107

CAPITAL AND RESERVES
Called up share capital 11 1,000 1,000
Revaluation reserve 12 636,544 636,544
Retained earnings 733,310 632,563
SHAREHOLDERS' FUNDS 1,370,854 1,270,107

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.

Woodstock Furniture Limited (Registered number: 05245636)

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 30 July 2024 and were signed on its behalf by:





A S Hall - Director


Woodstock Furniture Limited (Registered number: 05245636)

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

1. STATUTORY INFORMATION

Woodstock Furniture 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.

The presentation currency of the financial statements is the Pound Sterling (£).


Accounts are rounded to the nearest pound.

The accounts represent the company as an individual entity.

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 as modified by the revaluation of certain assets.

Significant judgements and estimates
The preparation of financial statements requires the use of estimates and assumptions that affect reported amounts of assets and liabilities at the date of the financial statements, and revenues and expenses during the reporting period. These estimates and assumptions are based on management's best knowledge of the amount, events or actions. Actual results may differ from those amounts.

Management do not consider there to be any significant judgements or estimates used in the preparation of these financial statements.

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.
Freehold property - 2% on cost
Plant and machinery - 25% on cost
Fixtures and fittings - 20% on reducing balance
Motor vehicles - 25% on cost
Computer equipment - 33% on cost

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

Cost is calculated using the first-in, first-out method and includes all purchase, transport, and handling costs in bringing stocks 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.


Woodstock Furniture Limited (Registered number: 05245636)

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

2. ACCOUNTING POLICIES - continued
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.

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.

Warranty provision
The company provides a guarantee on it's products for a 10 year period. The company provides for the estimated cost of the fulfilment of these guarantees based on current costs, including a provision for overheads where applicable.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 13 (2022 - 13 ) .

4. TANGIBLE FIXED ASSETS
Fixtures
Freehold Plant and and
property machinery fittings
£    £    £   
COST OR VALUATION
At 1 January 2023 1,194,638 361,787 1,768
Additions - - -
Disposals - - -
At 31 December 2023 1,194,638 361,787 1,768
DEPRECIATION
At 1 January 2023 188,530 254,109 1,721
Charge for year 23,893 19,996 10
Eliminated on disposal - - -
At 31 December 2023 212,423 274,105 1,731
NET BOOK VALUE
At 31 December 2023 982,215 87,682 37
At 31 December 2022 1,006,108 107,678 47

Woodstock Furniture Limited (Registered number: 05245636)

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

4. TANGIBLE FIXED ASSETS - continued

Motor Computer
vehicles equipment Totals
£    £    £   
COST OR VALUATION
At 1 January 2023 39,870 13,952 1,612,015
Additions 35,932 - 35,932
Disposals (17,900 ) - (17,900 )
At 31 December 2023 57,902 13,952 1,630,047
DEPRECIATION
At 1 January 2023 34,926 11,794 491,080
Charge for year 2,300 1,162 47,361
Eliminated on disposal (17,900 ) - (17,900 )
At 31 December 2023 19,326 12,956 520,541
NET BOOK VALUE
At 31 December 2023 38,576 996 1,109,506
At 31 December 2022 4,944 2,158 1,120,935

Cost or valuation at 31 December 2023 is represented by:

Fixtures
Freehold Plant and and
property machinery fittings
£    £    £   
Valuation in 2021 636,545 361,787 1,768
Cost 558,093 - -
1,194,638 361,787 1,768

Motor Computer
vehicles equipment Totals
£    £    £   
Valuation in 2021 57,902 13,952 1,071,954
Cost - - 558,093
57,902 13,952 1,630,047

Woodstock Furniture Limited (Registered number: 05245636)

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

5. FIXED ASSET INVESTMENTS
Shares in
group
undertakings
£   
COST
At 1 January 2023
and 31 December 2023 100
NET BOOK VALUE
At 31 December 2023 100
At 31 December 2022 100

6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.12.23 31.12.22
£    £   
Trade debtors 242,122 233,309
Other debtors 47,478 47,042
289,600 280,351

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.12.23 31.12.22
£    £   
Bank loans and overdrafts 33,326 32,796
Trade creditors 188,906 183,254
Taxation and social security 134,449 115,569
Other creditors 102,373 253,439
459,054 585,058

8. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
31.12.23 31.12.22
£    £   
Bank loans 78,748 110,607
Other creditors 13,794 12,947
92,542 123,554

Amounts falling due in more than five years:

Repayable by instalments
Other loans more 5yrs instal 13,794 12,947

9. SECURED DEBTS

The following secured debts are included within creditors:

31.12.23 31.12.22
£    £   
Bank loans 112,074 143,403

Woodstock Furniture Limited (Registered number: 05245636)

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

10. PROVISIONS FOR LIABILITIES
31.12.23 31.12.22
£    £   
Deferred tax
Accelerated capital allowances 29,633 26,036
Provision for remedials 9,360 9,360
38,993 35,396

Deferred
tax
£   
Balance at 1 January 2023 26,036
Provided during year 3,597
Balance at 31 December 2023 29,633

11. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 31.12.23 31.12.22
value: £    £   
510 'A' £1 510 510
80 'B' £1 80 80
350 'C' £1 350 350
40 'D' £1 40 40
20 'E' £1 20 20
1,000 1,000

12. RESERVES
Revaluation
reserve
£   
At 1 January 2023
and 31 December 2023 636,544

13. DIRECTORS' ADVANCES, CREDITS AND GUARANTEES

The following advances and credits to directors subsisted during the years ended 31 December 2023 and 31 December 2022:

31.12.23 31.12.22
£    £   
A S Hall
Balance outstanding at start of year (8,262 ) (10,604 )
Amounts advanced 58,329 58,812
Amounts repaid (62,275 ) (56,470 )
Amounts written off - -
Amounts waived - -
Balance outstanding at end of year (12,208 ) (8,262 )

Woodstock Furniture Limited (Registered number: 05245636)

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

13. DIRECTORS' ADVANCES, CREDITS AND GUARANTEES - continued

Mrs M J Hall
Balance outstanding at start of year (1,942 ) (16,232 )
Amounts advanced 20,466 43,344
Amounts repaid (35,665 ) (29,054 )
Amounts written off - -
Amounts waived - -
Balance outstanding at end of year (17,141 ) (1,942 )

R J C Mawson
Balance outstanding at start of year (2,150 ) (1,138 )
Amounts advanced 104,009 61,813
Amounts repaid (103,124 ) (62,825 )
Amounts written off - -
Amounts waived - -
Balance outstanding at end of year (1,265 ) (2,150 )

At the date of this report the company owed the directors £30,614 (2022: £12,354).

Woodstock Furniture Limited

Report of the Accountants to the Directors of
Woodstock Furniture Limited

The following reproduces the text of the report prepared for the directors in respect of the company's annual unaudited financial statements. In accordance with the Companies Act 2006, the company is only required to file a Balance Sheet. Readers are cautioned that the Income Statement and certain other primary statements and the Report of the Directors are not required to be filed with the Registrar of Companies.

As described on the Balance Sheet you are responsible for the preparation of the financial statements for the year ended 31 December 2023 set out on pages three to eleven and you consider that the company is exempt from an audit.

In accordance with your instructions, we have compiled these unaudited financial statements in order to assist you to fulfil your statutory responsibilities, from the accounting records and information and explanations supplied to us.






Johnston Wood Roach Limited
24 Picton House
Hussar Court
Waterlooville
Hampshire
PO7 7SQ


Date: .............................................