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REGISTERED NUMBER: 04988047 (England and Wales)






Woodend Auto & Plant Services Limited

Financial Statements

for the Year Ended 31 December 2023






Woodend Auto & Plant Services Limited (Registered number: 04988047)

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


Woodend Auto & Plant Services Limited

Company Information
for the year ended 31 December 2023







DIRECTOR: Mr P Nutbrown



SECRETARY: Mrs P J Nutbrown



REGISTERED OFFICE: Hawthorne Cottage
North Kilvington
Thirsk
North Yorkshire
YO7 4AF



REGISTERED NUMBER: 04988047 (England and Wales)



ACCOUNTANTS: SMH Jolliffe Cork Ltd
Chartered Accountants
33 George Street
Wakefield
West Yorkshire
WF1 1LX



BANKERS: Barclays Bank
Leicester
LE7 2BB

Woodend Auto & Plant Services Limited (Registered number: 04988047)

Balance Sheet
31 December 2023

2023 2022
Notes £ £ £ £
FIXED ASSETS
Tangible assets 4 33,361 5,320

CURRENT ASSETS
Stocks 1,200 1,450
Debtors 5 25,177 36,710
Cash at bank 174,398 163,622
200,775 201,782
CREDITORS
Amounts falling due within one year 6 61,812 69,677
NET CURRENT ASSETS 138,963 132,105
TOTAL ASSETS LESS CURRENT
LIABILITIES

172,324

137,425

PROVISIONS FOR LIABILITIES 8,340 1,330
NET ASSETS 163,984 136,095

Woodend Auto & Plant Services Limited (Registered number: 04988047)

Balance Sheet - continued
31 December 2023

2023 2022
Notes £ £ £ £

CAPITAL AND RESERVES
Called up share capital 7 100 100
Retained earnings 163,884 135,995
SHAREHOLDERS' FUNDS 163,984 136,095

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.

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 26 September 2024 and were signed by:





Mr P Nutbrown - Director


Woodend Auto & Plant Services Limited (Registered number: 04988047)

Notes to the Financial Statements
for the year ended 31 December 2023


1. STATUTORY INFORMATION

Woodend Auto & Plant Services 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 functional and presentation currency for the company is the pound sterling (£). All financial information presented has been rounded to the nearest (£), unless otherwise stated.

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.
Plant and machinery - 15% on reducing balance
Motor vehicles - 15% on reducing balance
Computer and office equipment - 15% on reducing balance

Fixed assets are initially recorded 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.

Financial instruments
The company has chosen to adopt Sections 11 and 12 of FRS 102 in respect of financial instruments.

All financial assets and liabilities are initially measured at transaction price (including transaction costs), except for those financial assets classified as at fair value through profit or loss, which are initially measured at fair value (which is normally the transaction price excluding transaction costs), unless the arrangement constitutes a financing transaction. If an arrangement constitutes a financing transaction, the financial asset or financial liability is measured at the present value of the future payments discounted at a market rate of interest for a similar debt instrument.

Financial assets and liabilities are only offset in the balance sheet when and only when there exists a legally enforceable right to set off the recognised amounts and the company intends either to settle on a net basis, or to realise the asset and settle the liability simultaneously.

Financial assets are derecognised when and only when; a) the contractual rights to the cash flows from the financial asset expire or are settled, b) the company transfers to another party substantially all of the risks and rewards of ownership of the financial asset, or, c) the company, despite having retained some, but not all, significant risks and rewards of ownership, has transferred control of the asset to another party.

Financial liabilities are derecognised only when the obligation specified in the contract is discharged, cancelled or expires.


Woodend Auto & Plant Services Limited (Registered number: 04988047)

Notes to the Financial Statements - continued
for the year ended 31 December 2023


2. ACCOUNTING POLICIES - continued
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.

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 2 (2022 - 2 ) .

4. TANGIBLE FIXED ASSETS
Computer
Plant and Motor and office
machinery vehicles equipment Totals
£ £ £ £
COST
At 1 January 2023 6,896 8,525 3,016 18,437
Additions 400 35,671 657 36,728
Disposals (1,105 ) (8,525 ) (799 ) (10,429 )
At 31 December 2023 6,191 35,671 2,874 44,736
DEPRECIATION
At 1 January 2023 5,200 6,202 1,715 13,117
Charge for year 275 5,699 220 6,194
Eliminated on disposal (942 ) (6,550 ) (444 ) (7,936 )
At 31 December 2023 4,533 5,351 1,491 11,375
NET BOOK VALUE
At 31 December 2023 1,658 30,320 1,383 33,361
At 31 December 2022 1,696 2,323 1,301 5,320

Woodend Auto & Plant Services Limited (Registered number: 04988047)

Notes to the Financial Statements - continued
for the year ended 31 December 2023


5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£ £
Trade debtors 24,729 36,329
Prepayments and accrued income 448 381
25,177 36,710

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£ £
Trade creditors 9,429 12,915
Tax 12,201 12,649
VAT 3,971 1,223
Other creditors 15,869 32,358
Directors' current accounts 17,430 8,365
Accruals and deferred income 2,912 2,167
61,812 69,677

7. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 2023 2022
value: £ £
95 Ordinary £1 95 95
5 A Ordinary £1 5 5
100 100

8. RELATED PARTY DISCLOSURES

During the year, total dividends of £40,500 (2022 - £50,000) were paid to the director .