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REGISTERED NUMBER: 09162105 (England and Wales)















WOODFIRM INTERIORS LIMITED

UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED

31 MARCH 2024






WOODFIRM INTERIORS LIMITED (REGISTERED NUMBER: 09162105)

CONTENTS OF THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2024










Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 3 to 5


WOODFIRM INTERIORS LIMITED

COMPANY INFORMATION
FOR THE YEAR ENDED 31 MARCH 2024







DIRECTOR: Mr G Lawrence





REGISTERED OFFICE: 38 Kirby Road
Walton on Naze
Essex
CO14 8RA





REGISTERED NUMBER: 09162105 (England and Wales)

WOODFIRM INTERIORS LIMITED (REGISTERED NUMBER: 09162105)

BALANCE SHEET
31 MARCH 2024

2024 2023
Notes £    £   
FIXED ASSETS
Tangible assets 5 66,295 71,971

CURRENT ASSETS
Stocks 7,500 10,700
Debtors 6 111,656 104,139
Cash at bank 4,949 32,047
124,105 146,886
CREDITORS
Amounts falling due within one year 7 (86,879 ) (133,342 )
NET CURRENT ASSETS 37,226 13,544
TOTAL ASSETS LESS CURRENT LIABILITIES 103,521 85,515

CREDITORS
Amounts falling due after more than one year 8 (38,116 ) (47,721 )

PROVISIONS FOR LIABILITIES (16,574 ) (9,187 )
NET ASSETS 48,831 28,607

CAPITAL AND RESERVES
Called up share capital 1 1
Retained earnings 48,830 28,606
SHAREHOLDERS' FUNDS 48,831 28,607

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 March 2024.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 March 2024 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.

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 24 September 2024 and were signed by:





Mr G Lawrence - Director


WOODFIRM INTERIORS LIMITED (REGISTERED NUMBER: 09162105)

NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2024


1. STATUTORY INFORMATION

Woodfirm Interiors 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.

For the purposes of presentation the financial statements have been rounded to the nearest Pound Sterling (£).

2. STATEMENT OF COMPLIANCE

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.

3. ACCOUNTING POLICIES

Basis of preparing the financial statements
The financial statements have been prepared under the historical cost convention.

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 - 15% on reducing balance
Motor vehicles - 25% on reducing balance
Computer equipment - 15% 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.

Financial instruments
Basic financial instruments are recognised at amortised cost.

4. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 1 (2023 - 1 ) .

WOODFIRM INTERIORS LIMITED (REGISTERED NUMBER: 09162105)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 MARCH 2024


5. TANGIBLE FIXED ASSETS
Fixtures
and Motor Computer
fittings vehicles equipment Totals
£    £    £    £   
COST
At 1 April 2023 4,577 72,867 5,417 82,861
Additions - 17,000 1,224 18,224
Disposals - (7,700 ) - (7,700 )
At 31 March 2024 4,577 82,167 6,641 93,385
DEPRECIATION
At 1 April 2023 2,915 6,325 1,650 10,890
Charge for year 249 16,883 672 17,804
Eliminated on disposal - (1,604 ) - (1,604 )
At 31 March 2024 3,164 21,604 2,322 27,090
NET BOOK VALUE
At 31 March 2024 1,413 60,563 4,319 66,295
At 31 March 2023 1,662 66,542 3,767 71,971

6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Trade debtors 1,664 10,700
Other debtors 109,992 93,439
111,656 104,139

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Bank loans and overdrafts 4,077 5,000
Hire purchase contracts (see note 9) 6,449 6,302
Trade creditors 34,476 91,560
Taxation and social security 40,827 29,530
Other creditors 1,050 950
86,879 133,342

8. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR
2024 2023
£    £   
Bank loans 4,754 7,910
Hire purchase contracts (see note 9) 33,362 39,811
38,116 47,721

WOODFIRM INTERIORS LIMITED (REGISTERED NUMBER: 09162105)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 MARCH 2024


9. LEASING AGREEMENTS

Minimum lease payments fall due as follows:

Hire purchase contracts
2024 2023
£    £   
Net obligations repayable:
Within one year 6,449 6,302
Between one and five years 33,362 39,811
39,811 46,113

Non-cancellable operating leases
2024 2023
£    £   
Within one year 2,160 2,160
Between one and five years 3,600 5,760
5,760 7,920