IRIS Accounts Production v24.2.0.383 05809434 director 1.6.23 31.5.24 31.5.24 false true false false true false iso4217:GBPiso4217:USDiso4217:EURxbrli:sharesxbrli:pureutr:tonnesutr:kWh058094342023-05-31058094342024-05-31058094342023-06-012024-05-31058094342022-05-31058094342022-06-012023-05-31058094342023-05-3105809434ns15:EnglandWales2023-06-012024-05-3105809434ns14:PoundSterling2023-06-012024-05-3105809434ns10:Director12023-06-012024-05-3105809434ns10:PrivateLimitedCompanyLtd2023-06-012024-05-3105809434ns10:SmallEntities2023-06-012024-05-3105809434ns10:AuditExempt-NoAccountantsReport2023-06-012024-05-3105809434ns10:SmallCompaniesRegimeForDirectorsReport2023-06-012024-05-3105809434ns10:SmallCompaniesRegimeForAccounts2023-06-012024-05-3105809434ns10:FullAccounts2023-06-012024-05-3105809434ns10:RegisteredOffice2023-06-012024-05-3105809434ns5:CurrentFinancialInstruments2024-05-3105809434ns5:CurrentFinancialInstruments2023-05-3105809434ns5:Non-currentFinancialInstruments2024-05-3105809434ns5:Non-currentFinancialInstruments2023-05-3105809434ns5:ShareCapital2024-05-3105809434ns5:ShareCapital2023-05-3105809434ns5:RetainedEarningsAccumulatedLosses2024-05-3105809434ns5:RetainedEarningsAccumulatedLosses2023-05-3105809434ns5:PlantMachinery2023-06-012024-05-3105809434ns5:ComputerEquipment2023-06-012024-05-3105809434ns5:PlantMachinery2023-05-3105809434ns5:PlantMachinery2024-05-3105809434ns5:PlantMachinery2023-05-3105809434ns5:PlantMachineryns5:LeasedAssetsHeldAsLessee2023-05-3105809434ns5:PlantMachineryns5:LeasedAssetsHeldAsLessee2023-06-012024-05-3105809434ns5:PlantMachineryns5:LeasedAssetsHeldAsLessee2024-05-3105809434ns5:PlantMachineryns5:LeasedAssetsHeldAsLessee2023-05-3105809434ns5:CurrentFinancialInstrumentsns5:WithinOneYear2024-05-3105809434ns5:CurrentFinancialInstrumentsns5:WithinOneYear2023-05-31
REGISTERED NUMBER: 05809434 (England and Wales)


















Unaudited Financial Statements

for the Year Ended 31 May 2024

for

Woods Environmental Limited

Woods Environmental Limited (Registered number: 05809434)






Contents of the Financial Statements
for the Year Ended 31 May 2024




Page

Company Information 1

Statement of Financial Position 2

Notes to the Financial Statements 4


Woods Environmental Limited

Company Information
for the Year Ended 31 May 2024







DIRECTOR: Mr K J Woods



REGISTERED OFFICE: Delmon House
36-38 Church Road
Burgess Hill
West Sussex
RH15 9AE



REGISTERED NUMBER: 05809434 (England and Wales)



ACCOUNTANTS: Sigma Partners
Delmon House
36-38 Church Road
Burgess Hill
West Sussex
RH15 9AE



BANKERS: HSBC
31 Keymer Road
Hassocks
West Sussex
BN6 8AH

Woods Environmental Limited (Registered number: 05809434)

Statement of Financial Position
31 May 2024

31.5.24 31.5.23
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 111,934 90,396

CURRENT ASSETS
Debtors 5 21,244 4,118
Cash at bank 36,899 43,385
58,143 47,503
CREDITORS
Amounts falling due within one year 6 38,397 30,139
NET CURRENT ASSETS 19,746 17,364
TOTAL ASSETS LESS CURRENT
LIABILITIES

131,680

107,760

CREDITORS
Amounts falling due after more than one
year

7

(96,750

)

(84,246

)

PROVISIONS FOR LIABILITIES (21,267 ) (17,175 )
NET ASSETS 13,663 6,339

CAPITAL AND RESERVES
Called up share capital 100 100
Retained earnings 13,563 6,239
SHAREHOLDERS' FUNDS 13,663 6,339

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

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

Woods Environmental Limited (Registered number: 05809434)

Statement of Financial Position - continued
31 May 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 Income Statement has not been delivered.

The financial statements were approved by the director and authorised for issue on 30 September 2024 and were signed by:





Mr K J Woods - Director


Woods Environmental Limited (Registered number: 05809434)

Notes to the Financial Statements
for the Year Ended 31 May 2024

1. STATUTORY INFORMATION

Woods Environmental 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.

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 or, if held under a finance lease, over the lease term, whichever is the shorter.
Plant and machinery - 25% on reducing balance
Computer equipment - 25% on cost

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 statement of financial position date.

Deferred tax
Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the statement of financial position 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.

Woods Environmental Limited (Registered number: 05809434)

Notes to the Financial Statements - continued
for the Year Ended 31 May 2024

2. ACCOUNTING POLICIES - continued

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.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 2 (2023 - 2 ) .

4. TANGIBLE FIXED ASSETS
Plant and
machinery
etc
£   
COST
At 1 June 2023 245,419
Additions 65,595
Disposals (28,411 )
At 31 May 2024 282,603
DEPRECIATION
At 1 June 2023 155,023
Charge for year 37,315
Eliminated on disposal (21,669 )
At 31 May 2024 170,669
NET BOOK VALUE
At 31 May 2024 111,934
At 31 May 2023 90,396

Woods Environmental Limited (Registered number: 05809434)

Notes to the Financial Statements - continued
for the Year Ended 31 May 2024

4. TANGIBLE FIXED ASSETS - continued

Fixed assets, included in the above, which are held under hire purchase contracts are as follows:

Plant and
machinery
etc
£   
COST
At 1 June 2023 144,026
Additions 65,495
Transfer to ownership (40,161 )
At 31 May 2024 169,360
DEPRECIATION
At 1 June 2023 74,041
Charge for year 31,255
Transfer to ownership (29,701 )
At 31 May 2024 75,595
NET BOOK VALUE
At 31 May 2024 93,765
At 31 May 2023 69,985

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.5.24 31.5.23
£    £   
Trade debtors - 1,020
Other debtors 21,244 3,098
21,244 4,118

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.5.24 31.5.23
£    £   
Bank loans and overdrafts 5,811 8,710
Hire purchase contracts 27,625 19,771
Taxation and social security 2,561 (386 )
Other creditors 2,400 2,044
38,397 30,139

Woods Environmental Limited (Registered number: 05809434)

Notes to the Financial Statements - continued
for the Year Ended 31 May 2024

7. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN
ONE YEAR
31.5.24 31.5.23
£    £   
Bank loans 27,650 33,462
Hire purchase contracts 69,100 50,784
96,750 84,246

Amounts falling due in more than five years:

Repayable by instalments
Bank loans more 5 yr by instal 5,806 11,474

8. SECURED DEBTS

The following secured debts are included within creditors:

31.5.24 31.5.23
£    £   
Hire Purchase and leasing 96,725 70,555

Hire purchase and leasing liabilities are secured on the plant & machinery shown as leased.

9. ULTIMATE CONTROLLING PARTY

The ultimate controlling party is Mr K J Woods.