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Company registration number:4821853
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WOOTTON HOMES LIMITED
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FINANCIAL STATEMENTS |
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FOR THE YEAR ENDED 31 March 2024 |
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WOOTTON HOMES LIMITED |
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BALANCE SHEET |
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AS AT 31 March 2024
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2024 |
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2023 |
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Notes |
£ |
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£ |
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£ |
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£ |
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FIXED ASSETS | | | | | | | | | | | |
Tangible assets | | | 3 | | | 16,238 | | | | 20,402 | |
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| | | | | | | 16,238 | | | | 20,402 | |
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CURRENT ASSETS |
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Stocks | | | | 739,577 | | | | 554,383 | | | | |
Debtors | | | 4 | 11,916 | | | | 130,167 | | | | |
Cash at bank and in hand | | | | 91,741 | | | | 57,237 | | | | |
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| | | | | 843,234 | | | | 741,787 | | | |
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CREDITORS |
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Amounts falling due within one year |
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5 |
(136,753) |
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(168,224) |
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NET CURRENT ASSETS |
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706,481 |
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573,563 |
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TOTAL ASSETS LESS |
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CURRENT LIABILITIES |
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722,719 |
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593,965 |
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Creditors falling due after one year | | 6 | | | (0) | | | | (9,351) | |
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NET ASSETS |
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722,719 |
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584,614 |
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CAPITAL AND RESERVES |
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Called-up equity share capital |
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7 |
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4 |
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4 |
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Profit and loss account |
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722,715 |
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584,610 |
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SHAREHOLDERS FUNDS |
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722,719 |
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584,614 |
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For the year ending 31 March 2024 the company was entitled to exemption under section 477 of the Companies Act 2006 relating to small companies. | | | | | | | |
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The members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006. | | | | | | | |
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The director acknowledges his responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of the accounts. | | | | | | | |
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These financial statements have been prepared in accordance with the special provisions relating to companies subject to the small companies regime within Part 15 of the Companies Act 2006. Approved by the board of directors on 16 September 2024 and signed on its behalf. | | | | | | | |
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The profit and loss account has not been delivered to the Registrar of Companies in accordance with the special provisions applicable to companies subject to the small companies' regime. | | | | | | | |
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.......................................................................... |
A M Gray |
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16 September 2024
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The annexed notes form part of these financial statements. | | | | | | | |
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WOOTTON HOMES LIMITED | | | | | | |
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STATEMENT OF CHANGES IN EQUITY | | | | | | |
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FOR THE YEAR ENDED 31 MARCH 2024 | | |
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Share |
Share |
P and L |
Revaluation |
Other |
Total |
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Capital |
Premium |
Account |
reserve |
reserves |
equity |
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£ |
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Balance at 1 April 2022 | | 4 | 0 | 292,180 | 0 | 0 | 292,184 |
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Changes in equity | | | | | | | | | | |
Dividend | | | 0 | 0 | (80,000) | 0 | 0 | (80,000) |
Total Comprehensive Income | | 0 | 0 | 372,430 | 0 | 0 | 372,430 |
Balance at 31 March 2023 | | 4 | 0 | 584,610 | 0 | 0 | 584,614 |
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Changes in equity | | | | | | | | | | |
Total comprehensive income | | 0 | 0 | 138,105 | 0 | 0 | 138,105 |
Balance at 31 March 2024 | | 4 | 0 | 722,715 | 0 | 0 | 722,719 |
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WOOTTON HOMES LIMITED |
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NOTES TO THE FINANCIAL STATEMENTS |
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FOR THE YEAR ENDED 31 MARCH 2024 |
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1. |
Accounting policies |
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| Statutory information | | | | | | | |
| The company is registered in England and its registered number is 04821853. The company is a private company limited by shares. Its registered office Avondale Green Lane, Ossemsley, New Milton, BH25 5TH. | |
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Basis of preparing the financial statements |
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The accounts have been prepared under the historical cost convention and in accordance with the Financial Reporting Standard for Smaller Entities (Effective April 2008).
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| Turnover | | | | | | | | | |
| Turnover comprises the invoiced value of goods and services supplied by the company, net of Value Added Tax and trade discounts. | |
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| Fixed Assets | | | | | | | | |
| Tangible fixed assets are stated at cost less depreciation Depreciation is provided at rates calculated to write off the cost or valuation of fixed assets, less their estimated residual value, over their expected useful lives on the following bases: Plant and machinery 15% reducing balance basis Motor vehicles 25% reducing balance basis Fixtures and fittings 25% reducing balance basis | |
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| Stocks and Work In Progress | | | | | | | |
| 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 stocks. Cost includes all direct costs and an appropriate proportion of fixed and variable overheads. | |
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| Leasing | | | | | | | | | |
| Assets obtained under hire purchase contracts and finance leases are capitalised as tangible fixed assets and depreciated over the shorter of the lease term and their useful lives. Finance leases are those where substantially all of the benefits and risks of ownership are assumed by the company. Obligations under such agreements are included in creditors net of the finance charge allocated to future periods. The finance element of the rental payment is charged to the profit and loss account so as to produce a constant periodic rate of charge on the net obligation outstanding in each period. | |
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| Pension Scheme | | | | | | | | |
| The company operates a defined contribution pension scheme through the NEST pension scheme, and the pension charge represents the amounts payable by the company to the fund in respect of the year. | |
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2. | Employees | | | |
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| The average number of persons employed by the company (including directors) during the year was 3. |
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3. | Tangible fixed assets | | | | | | | | | |
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Plant |
Motor |
F and F |
Total |
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| Cost | | | | | | | | | | |
| At start of period | |
7,473 |
45,189 |
3,797 |
56,459 | |
| Additions | | |
1,247 |
0 |
0 |
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| At end of period | |
8,720 |
45,189 |
3,797 |
57,706 | |
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| Depreciation | | | | | | | | | | |
| At start of period | |
5,605 |
26,841 |
3,611 |
36,057 | |
| Provided during the period |
778 |
4,588 |
45 |
5,411 | |
| At end of period | |
6,383 |
31,429 |
3,656 |
41,468 | |
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| Net Book Value | | | | | | | | | |
| At start of period | |
1,868 |
18,348 |
186 |
20,402 | |
| At end of period | |
2,337 |
13,760 |
141 |
16,238 | |
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4. | Debtors | | | | | | | |
| | | | | 2024 | 2023 | | | |
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| Due within one year | | | | | | | |
| Other Debtors | | | 0 | 19,099 | | | |
| Prepayments and accrued income | | 11,916 | 111,068 | | | |
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| | | | | 11,916 | 130,167 | | | |
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| Other debtors at 31 March 2023 was the balance owed by the director, which was repaid within nine months of the year end. |
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5. | Creditors due within one year | | | | | |
| | | | | 2024 | 2023 | | |
| | | | | £ | £ | | |
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| Obligations under finance leases | | 0 | 1,895 | | |
| Trade creditors | | | 14,935 | 38,221 | | |
| Corporation Tax | | | 45,868 | 88,471 | | |
| Other taxes and social security costs | | 44,756 | 37,134 | | |
| Other creditors | | | 0 | 3 | | |
| Accruals and deferred income | | 2,500 | 2,500 | | |
| Loan from directors | | | 28,694 | 0 | | |
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| | | | | 136,753 | 168,224 | | |
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6. | Creditors due after one year | | | | | |
| | | | | 2024 | 2023 | | |
| | | | | £ | £ | | |
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| Obligations under finance leases | | 0 | 9,351 | | |
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7. |
Share capital |
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Alloted, Issued and fully paid |
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2024 |
2023 |
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£ |
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| Ordinary shares of £2 each | | | 4 | 4 | | | |
| Total issued share capital | | | 4 | 4 | | | |
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8. | Pension schemes | | | | | | | | |
| The company operates the NEST pension scherme. | |
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