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REGISTERED NUMBER: 09137354 (England and Wales)








FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 MARCH 2024

FOR

WOODMACE CONCRETE STRUCTURES LIMITED

WOODMACE CONCRETE STRUCTURES LIMITED (REGISTERED NU

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










Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


WOODMACE CONCRETE STRUCTURES LIMITED

COMPANY INFORMATION
FOR THE YEAR ENDED 31 MARCH 2024







DIRECTOR: J Oak



REGISTERED OFFICE: 3 Durrant Road
Bournemouth
Dorset
BH2 6NE



REGISTERED NUMBER: 09137354 (England and Wales)



SENIOR STATUTORY
AUDITOR:
Andrew Clark BSc FCA



AUDITORS: Carter & Coley Limited
Chartered Accountants and Statutory Auditor
3 Durrant Road
Bournemouth
Dorset
BH2 6NE

WOODMACE CONCRETE STRUCTURES LIMITED (REGISTERED NU

BALANCE SHEET
31 MARCH 2024

2024 2023
Notes £    £    £    £   
FIXED ASSETS
Intangible assets 4 97,309 129,745
Tangible assets 5 2,324,254 2,197,812
2,421,563 2,327,557

CURRENT ASSETS
Stocks 6 43,000 18,000
Debtors 7 3,257,177 1,772,680
Cash at bank and in hand 393,920 228,366
3,694,097 2,019,046
CREDITORS
Amounts falling due within one year 8 3,800,666 2,804,619
NET CURRENT LIABILITIES (106,569 ) (785,573 )
TOTAL ASSETS LESS CURRENT
LIABILITIES

2,314,994

1,541,984

CREDITORS
Amounts falling due after more than one
year

9

(1,753,224

)

(1,215,149

)

PROVISIONS FOR LIABILITIES (24,294 ) -
NET ASSETS 537,476 326,835

CAPITAL AND RESERVES
Called up share capital 100 100
Retained earnings 537,376 326,735
SHAREHOLDERS' FUNDS 537,476 326,835

WOODMACE CONCRETE STRUCTURES LIMITED (REGISTERED NU

BALANCE SHEET - continued
31 MARCH 2024


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 Statement of Income and Retained Earnings has not been delivered.

The financial statements were approved by the director and authorised for issue on 26 July 2024 and were signed by:





J Oak - Director


WOODMACE CONCRETE STRUCTURES LIMITED (REGISTERED NU

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


1. STATUTORY INFORMATION

Woodmace Concrete Structures 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.

Related party exemption
The company has taken advantage of exemption, under the terms of Financial Reporting Standard 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland', not to disclose related party transactions with wholly owned subsidiaries within the group.

Turnover
Turnover represents work done during the period, excluding trade discounts and value added tax.

Goodwill
Goodwill, being the amount paid in connection with the acquisition of a business in 2023, is being amortised evenly over its estimated useful life of five years.

Intangible assets
Intangible assets are initially measured at cost. After initial recognition, intangible assets are measured at cost less any accumulated amortisation and any accumulated impairment losses.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life or, if held under a finance lease, over the lease term, whichever is the shorter.
Plant and machinery - at varying rates on cost
Fixtures and fittings - 15% on cost
Motor vehicles - at varying rates on cost

Fixed assets are initially recognised at cost.

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


WOODMACE CONCRETE STRUCTURES LIMITED (REGISTERED NU

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


2. ACCOUNTING POLICIES - continued
Taxation
Taxation for the year comprises current and deferred tax. Tax is recognised in the Statement of Income and Retained Earnings, 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
Assets obtained under hire purchase contracts or finance leases are capitalised in the balance sheet. Those held under hire purchase contracts are depreciated over their estimated useful lives. Those held under finance leases are depreciated over their estimated useful lives or the lease term, whichever is the shorter.

The interest element of these obligations is charged to profit or loss over the relevant period. The capital element of the future payments is treated as a liability.

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.

Revenue recognition and service contracts
In respect of long-term contracts and contracts for on-going services, turnover represents the value of work done in the year, including estimates of amounts not invoiced. Turnover in respect of long-term contracts and contracts for on-going services is recognised by reference to the stage of completion. The closing value of these contracts is disclosed as amounts recoverable on contract.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 73 (2023 - 64 ) .

WOODMACE CONCRETE STRUCTURES LIMITED (REGISTERED NU

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


4. INTANGIBLE FIXED ASSETS
Goodwill
£   
COST
At 1 April 2023
and 31 March 2024 162,181
AMORTISATION
At 1 April 2023 32,436
Charge for year 32,436
At 31 March 2024 64,872
NET BOOK VALUE
At 31 March 2024 97,309
At 31 March 2023 129,745

5. TANGIBLE FIXED ASSETS
Fixtures
Plant and and Motor
machinery fittings vehicles Totals
£    £    £    £   
COST
At 1 April 2023 1,733,760 8,182 580,852 2,322,794
Additions 541,207 653 - 541,860
Disposals - - (1,395 ) (1,395 )
At 31 March 2024 2,274,967 8,835 579,457 2,863,259
DEPRECIATION
At 1 April 2023 79,723 1,187 44,072 124,982
Charge for year 251,092 1,301 163,025 415,418
Eliminated on disposal - - (1,395 ) (1,395 )
At 31 March 2024 330,815 2,488 205,702 539,005
NET BOOK VALUE
At 31 March 2024 1,944,152 6,347 373,755 2,324,254
At 31 March 2023 1,654,037 6,995 536,780 2,197,812

WOODMACE CONCRETE STRUCTURES LIMITED (REGISTERED NU

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


5. TANGIBLE FIXED ASSETS - continued

Fixed assets, included in the above, which are held under hire purchase contracts are as follows:
Plant and Motor
machinery vehicles Totals
£    £    £   
COST
At 1 April 2023 1,367,660 472,782 1,840,442
Additions 118,500 - 118,500
At 31 March 2024 1,486,160 472,782 1,958,942
DEPRECIATION
At 1 April 2023 61,860 26,906 88,766
Charge for year 189,538 109,312 298,850
At 31 March 2024 251,398 136,218 387,616
NET BOOK VALUE
At 31 March 2024 1,234,762 336,564 1,571,326
At 31 March 2023 1,305,800 445,876 1,751,676

6. STOCKS
2024 2023
£    £   
Stocks 43,000 18,000

7. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Trade debtors 949,711 542,449
Amounts owed by participating interests - 20
Amounts recoverable on contract 2,122,949 1,126,667
Other debtors 825 290
VAT 152,223 69,006
Prepayments and accrued income 31,469 34,248
3,257,177 1,772,680

WOODMACE CONCRETE STRUCTURES LIMITED (REGISTERED NU

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


8. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Hire purchase contracts 457,312 430,572
Trade creditors 1,719,211 772,507
Amounts owed to group undertakings 148,960 629,203
Social security and other taxes 548,516 321,317
Other creditors 772,012 135,628
Wages control 27,358 -
Directors' current accounts 25,000 425,000
Accruals and deferred income 102,297 90,392
3,800,666 2,804,619

9. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN
ONE YEAR
2024 2023
£    £   
Hire purchase contracts 853,224 1,215,149
Amounts owed to group undertakings 500,000 -
Directors' loan accounts 400,000 -
1,753,224 1,215,149

10. SECURED DEBTS

The following secured debts are included within creditors:

2024 2023
£    £   
Hire purchase contracts 1,310,536 1,645,721
Bibby factoring account 599,268 -
1,909,804 1,645,721

11. DISCLOSURE UNDER SECTION 444(5B) OF THE COMPANIES ACT 2006

The Report of the Auditors was unqualified.

Andrew Clark BSc FCA (Senior Statutory Auditor)
for and on behalf of Carter & Coley Limited

WOODMACE CONCRETE STRUCTURES LIMITED (REGISTERED NU

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


12. RELATED PARTY DISCLOSURES

TRANSACTIONS WITH COMPANIES IN WHICH THE DIRECTOR HAS AN INTEREST

Non interest bearing loan on which no terms of repayment have been agreed. The amount due to the related party at the balance sheet date amounted to £1,000 (2023 - £5,000).

TRANSACTIONS WITH THE DIRECTOR

Non interest bearing loan on which no terms of repayment have been agreed. The amount due to the director at the balance sheet date amounted to £425,000 (2023 - £425,000).

13. FRC ETHICAL STANDARD - PROVISIONS AVAILABLE FOR SMALL ENTITIES

In common with many other businesses of our size and nature we use our auditors to prepare and submit returns to the tax authorities and assist with the preparation of the financial statements.

14. ULTIMATE PARENT COMPANY

In the opinion of the directors, Branksome Park Holdings Limited (a company registered in United Kingdom with company number 08654034) was regarded as the company's ultimate parent company throughout the current and previous period.