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REGISTERED NUMBER: 02807988 (England and Wales)















Financial Statements for the Period 8 November 2022 to 31 October 2023

for

Woodheyes Limited

Previously known as
Todaywise Limited

Woodheyes Limited (Registered number: 02807988)






Contents of the Financial Statements
for the Period 8 November 2022 to 31 October 2023




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


Woodheyes Limited

Company Information
for the Period 8 November 2022 to 31 October 2023







DIRECTOR: A S Cohen





REGISTERED OFFICE: 34 Highfield Gardens
Golders Green
LONDON
NW11 9HB





BUSINESS ADDRESS: 231 Hinckley Road
Leicester Forest East
Leicester
LE3 3PH





REGISTERED NUMBER: 02807988 (England and Wales)





ACCOUNTANTS: Passer Chevern & Co
Chartered Accountants
5 Spring Villa Road
Edgware
Middlesex
HA8 7EB

Woodheyes Limited (Registered number: 02807988)

Balance Sheet
31 October 2023

2023 2022
Notes £    £    £    £   
FIXED ASSETS
Intangible assets 4 - -
Tangible assets 5 1,241,076 1,241,061
1,241,076 1,241,061

CURRENT ASSETS
Debtors 6 323,165 244,974
Cash at bank and in hand 25,270 125,681
348,435 370,655
CREDITORS
Amounts falling due within one year 7 292,536 310,685
NET CURRENT ASSETS 55,899 59,970
TOTAL ASSETS LESS CURRENT
LIABILITIES

1,296,975

1,301,031

ACCRUALS AND DEFERRED INCOME 57,658 133,681
NET ASSETS 1,239,317 1,167,350

CAPITAL AND RESERVES
Called up share capital 8 100 100
Retained earnings 9 1,239,217 1,167,250
SHAREHOLDERS' FUNDS 1,239,317 1,167,350

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the period ended 31 October 2023.

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

Woodheyes Limited (Registered number: 02807988)

Balance Sheet - continued
31 October 2023


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 8 October 2024 and were signed by:





A S Cohen - Director


Woodheyes Limited (Registered number: 02807988)

Notes to the Financial Statements
for the Period 8 November 2022 to 31 October 2023

1. STATUTORY INFORMATION

Woodheyes 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 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.
Freehold property - 2% on cost
Plant and machinery - 25% on cost
Fixtures and fittings - 25% on reducing balance

Taxation
Taxation for the period 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 period 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.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the period was 40 (2022 - 37 ) .

Woodheyes Limited (Registered number: 02807988)

Notes to the Financial Statements - continued
for the Period 8 November 2022 to 31 October 2023

4. INTANGIBLE FIXED ASSETS
Goodwill
£   
COST
At 8 November 2022
and 31 October 2023 33,000
AMORTISATION
At 8 November 2022
and 31 October 2023 33,000
NET BOOK VALUE
At 31 October 2023 -
At 7 November 2022 -

5. TANGIBLE FIXED ASSETS
Fixtures
Freehold Plant and and
property machinery fittings Totals
£    £    £    £   
COST
At 8 November 2022 1,587,277 7,660 201,152 1,796,089
Additions - - 44,795 44,795
At 31 October 2023 1,587,277 7,660 245,947 1,840,884
DEPRECIATION
At 8 November 2022 356,113 5,926 192,989 555,028
Charge for period 30,962 578 13,240 44,780
At 31 October 2023 387,075 6,504 206,229 599,808
NET BOOK VALUE
At 31 October 2023 1,200,202 1,156 39,718 1,241,076
At 7 November 2022 1,231,164 1,734 8,163 1,241,061

6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Trade debtors 58,477 101,257
Amounts owed by group undertakings 154,470 121,185
Amounts owed by participating interests 100,000 -
Deferred tax asset 10,218 11,718
Prepayments - 10,814
323,165 244,974

Woodheyes Limited (Registered number: 02807988)

Notes to the Financial Statements - continued
for the Period 8 November 2022 to 31 October 2023

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Trade creditors 16,914 28,133
Amounts owed to group undertakings 88,244 170,476
Tax 114,468 106,658
Social security and other
taxes 12,807 -
Other creditors 1 895
Directors' current accounts - 4,523
Accrued expenses 60,102 -
292,536 310,685

8. CALLED UP SHARE CAPITAL

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

9. RESERVES
Retained
earnings
£   

At 8 November 2022 1,167,250
Profit for the period 71,967
At 31 October 2023 1,239,217

10. ULTIMATE CONTROLLING PARTY

The ultimate controlling party is Aishel Limited.

11. LEGAL CHARGE

The freehold property has been charged by way of legal mortgage for the loan of Aishel Limited, the ultimate holding company.