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REGISTERED NUMBER: 06449388 (England and Wales)



































Unaudited Financial Statements

for the Year Ended 31 December 2023

for

Wye Oak Timber Framing Ltd

Wye Oak Timber Framing Ltd (Registered number: 06449388)






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




Page

Company Information 1

Abridged Balance Sheet 2

Notes to the Financial Statements 4


Wye Oak Timber Framing Ltd

Company Information
for the Year Ended 31 December 2023







DIRECTOR: N Secker





SECRETARY: Mrs H L Secker





REGISTERED OFFICE: 2 Wyevale Business Park
Kings Acre
Hereford
Herefordshire
HR4 7BS





REGISTERED NUMBER: 06449388 (England and Wales)





ACCOUNTANTS: Thorne Widgery Accountancy Ltd
Chartered Accountants
2 Wyevale Business Park
Kings Acre
Hereford
Herefordshire
HR4 7BS

Wye Oak Timber Framing Ltd (Registered number: 06449388)

Abridged Balance Sheet
31 December 2023

31.12.23 31.12.22
Notes £    £   
FIXED ASSETS
Tangible assets 4 174,480 173,699

CURRENT ASSETS
Stocks 15,500 25,500
Debtors 20,014 9,438
Cash at bank 232,516 163,543
268,030 198,481
CREDITORS
Amounts falling due within one year (142,118 ) (125,176 )
NET CURRENT ASSETS 125,912 73,305
TOTAL ASSETS LESS CURRENT LIABILITIES 300,392 247,004

PROVISIONS FOR LIABILITIES (6,683 ) (6,525 )
NET ASSETS 293,709 240,479

CAPITAL AND RESERVES
Called up share capital 5 100 100
Retained earnings 293,609 240,379
SHAREHOLDERS' FUNDS 293,709 240,479

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 director acknowledges his 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.

Wye Oak Timber Framing Ltd (Registered number: 06449388)

Abridged 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.

All the members have consented to the preparation of an abridged Balance Sheet for the year ended 31 December 2023 in accordance with Section 444(2A) of the Companies Act 2006.

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 30 August 2024 and were signed by:





N Secker - Director


Wye Oak Timber Framing Ltd (Registered number: 06449388)

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

1. STATUTORY INFORMATION

Wye Oak Timber Framing 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.
Plant and machinery - 20% on reducing balance
Motor vehicles - 33% on reducing balance
Computer equipment - 33% on reducing balance

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.

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.

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.

Wye Oak Timber Framing Ltd (Registered number: 06449388)

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

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 4 (2022 - 4 ) .

4. TANGIBLE FIXED ASSETS
Totals
£   
COST
At 1 January 2023 284,342
Additions 15,000
At 31 December 2023 299,342
DEPRECIATION
At 1 January 2023 110,643
Charge for year 14,219
At 31 December 2023 124,862
NET BOOK VALUE
At 31 December 2023 174,480
At 31 December 2022 173,699

5. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 31.12.23 31.12.22
value: £    £   
100 Ordinary A £1 100 100

6. ULTIMATE CONTROLLING PARTY

The ultimate controlling party is Mr N Secker by virtue of his shareholding.