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REGISTERED NUMBER: 11074364 (England and Wales)















Financial Statements for the Year Ended 31st January 2024

for

WOODCROSS STORE LTD

WOODCROSS STORE LTD (Registered number: 11074364)

Contents of the Financial Statements
for the Year Ended 31st January 2024










Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


WOODCROSS STORE LTD

Company Information
for the Year Ended 31st January 2024







DIRECTOR: MR S KHUNKHUN





SECRETARY:





REGISTERED OFFICE: 9 Jhonson Street
Wolverhampton
West Midlands
WV14 9RL





REGISTERED NUMBER: 11074364 (England and Wales)





ACCOUNTANT: A K & Co Accountants
732 Walsall Road
Great Barr
Birmingham
West Midlands
B42 1EX

WOODCROSS STORE LTD (Registered number: 11074364)

Balance Sheet
31st January 2024

31.1.24 31.1.23
Notes £    £    £    £   
FIXED ASSETS
Property, plant and equipment 4 17,062 20,396

CURRENT ASSETS
Inventories 5 87,724 80,443
Debtors 6 1,356 4,897
Cash at bank and in hand 22,476 23,885
111,556 109,225
CREDITORS
Amounts falling due within one year 7 19,229 34,017
NET CURRENT ASSETS 92,327 75,208
TOTAL ASSETS LESS CURRENT LIABILITIES 109,389 95,604

CREDITORS
Amounts falling due after more than one
year

8

35,881

40,556
NET ASSETS 73,508 55,048

CAPITAL AND RESERVES
Called up share capital 10 1 1
Retained earnings 11 73,507 55,047
SHAREHOLDERS' FUNDS 73,508 55,048

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

The members have not required the company to obtain an audit of its financial statements for the year ended 31st January 2024 in accordance with Section 476 of the Companies Act 2006.

The director acknowledges her 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.

WOODCROSS STORE LTD (Registered number: 11074364)

Balance Sheet - continued
31st January 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 28th March 2024 and were signed by:





MR S KHUNKHUN - Director


WOODCROSS STORE LTD (Registered number: 11074364)

Notes to the Financial Statements
for the Year Ended 31st January 2024


1. STATUTORY INFORMATION

WOODCROSS STORE LTD 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
Revenue 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.

Fixtures and fittings 15% pa on reducing balance

Motor vehicle 25% pa on reducing balance

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

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.

WOODCROSS STORE LTD (Registered number: 11074364)

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


3. EMPLOYEES AND DIRECTORS

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

4. PROPERTY, PLANT AND EQUIPMENT
Fixtures
and Motor
fittings vehicles Totals
£    £    £   
COST
At 1st February 2023
and 31st January 2024 25,608 5,500 31,108
DEPRECIATION
At 1st February 2023 7,960 2,752 10,712
Charge for year 2,647 687 3,334
At 31st January 2024 10,607 3,439 14,046
NET BOOK VALUE
At 31st January 2024 15,001 2,061 17,062
At 31st January 2023 17,648 2,748 20,396

5. INVENTORIES
31.1.24 31.1.23
£    £   
Stocks 87,724 80,443

6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.1.24 31.1.23
£    £   
Trade debtors (1,644 ) 1,897
Prepayments and accrued income 3,000 3,000
1,356 4,897

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.1.24 31.1.23
£    £   
Trade creditors 9,088 13,077
Tax 3,881 1,992
Social security and other taxes 929 4,617
Directors' current accounts 3,881 12,881
Accrued expenses 1,450 1,450
19,229 34,017

WOODCROSS STORE LTD (Registered number: 11074364)

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


8. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR
31.1.24 31.1.23
£    £   
Other loans (see note 9) 35,881 40,556

9. LOANS

An analysis of the maturity of loans is given below:

31.1.24 31.1.23
£    £   
Amounts falling due between one and two years:
Other loans - 1-2 years 35,881 40,556

10. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 31.1.24 31.1.23
value: £    £   
1 ordinary share capital £1 1 1

1 ordinary share capital share of £1 was allotted and fully paid for cash at par during the year.

11. RESERVES
Retained
earnings
£   

At 1st February 2023 55,047
Profit for the year 18,460
At 31st January 2024 73,507