REGISTERED NUMBER: |
H. WOOLMAN (DORRIDGE) LIMITED |
Unaudited Financial Statements for the Year Ended 31 May 2024 |
REGISTERED NUMBER: |
H. WOOLMAN (DORRIDGE) LIMITED |
Unaudited Financial Statements for the Year Ended 31 May 2024 |
H. WOOLMAN (DORRIDGE) LIMITED (REGISTERED NUMBER: 00507320) |
Contents of the Financial Statements |
for the year ended 31 May 2024 |
Page |
Balance Sheet | 1 |
Notes to the Financial Statements | 2 | to | 4 |
H. WOOLMAN (DORRIDGE) LIMITED (REGISTERED NUMBER: 00507320) |
Balance Sheet |
31 May 2024 |
2024 | 2023 |
Notes | £ | £ | £ | £ |
Fixed assets |
Tangible assets | 4 |
Investments | 5 |
Current assets |
Debtors | 6 |
Cash at bank |
Creditors |
Amounts falling due within one year | 7 |
Net current assets |
Total assets less current liabilities |
Capital and reserves |
Called up share capital | 8 |
Retained earnings |
Shareholders' funds |
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 were approved by the director and authorised for issue on |
H. WOOLMAN (DORRIDGE) LIMITED (REGISTERED NUMBER: 00507320) |
Notes to the Financial Statements |
for the year ended 31 May 2024 |
1. | Statutory information |
H. Woolman (Dorridge) Limited is a |
Registered number: |
Registered office: |
The presentation currency of the financial statements is the Pound Sterling (£). |
2. | Accounting policies |
Basis of preparing the financial statements |
Tangible fixed assets |
Improvements to property | - |
Plant and machinery | - |
Fixtures and fittings | - |
Tangible fixed assets are initially measured at cost and subsequently measured at cost or valuation, net of depreciation and any impairment losses. |
The gain or loss arising on the disposal of an asset is the difference between the sale proceeds and the carrying value of the asset, and is charged or credited to profit and loss. |
At the period end the company reviews the carrying values of its material fixed assets to determine whether there is an indication that they have suffered an impairment loss. If so the recoverable amount of the asset is estimated, and the carrying value is adjusted accordingly, with the impairment loss being charged to profit or loss. |
To the extent that an impairment loss may subsequently be reversed, it can be credited back to profit or loss and added back to the carrying value, up to the original cost price. |
Financial instruments |
The company has elected to apply the exemption from the disclosure requirements of Section 11 'Basic Financial Instruments' and Section 12 'Other Financial Instruments Issues' of FRS 102 to all of its financial instruments. |
Taxation |
Taxation for the year comprises current and deferred tax. Tax is recognised in the Statement of Income and Retained Earnings, 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. |
H. WOOLMAN (DORRIDGE) LIMITED (REGISTERED NUMBER: 00507320) |
Notes to the Financial Statements - continued |
for the year ended 31 May 2024 |
2. | Accounting policies - continued |
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. |
3. | Employees and directors |
The average number of employees during the year was |
4. | Tangible fixed assets |
Improvements | Fixtures |
to | Plant and | and |
property | machinery | fittings | Totals |
£ | £ | £ | £ |
Cost |
At 1 June 2023 |
and 31 May 2024 |
Depreciation |
At 1 June 2023 |
Charge for year |
At 31 May 2024 |
Net book value |
At 31 May 2024 |
At 31 May 2023 |
5. | Fixed asset investments |
Listed |
investments |
£ |
Cost or valuation |
At 1 June 2023 |
Additions |
Disposals | ( |
) |
Revaluations |
At 31 May 2024 |
Net book value |
At 31 May 2024 |
At 31 May 2023 |
Fixed asset investments are carried at fair value. The total historical cost of these investments at 31 May 2024 was £152,053 |
6. | Debtors: amounts falling due within one year |
2024 | 2023 |
£ | £ |
Other debtors |
H. WOOLMAN (DORRIDGE) LIMITED (REGISTERED NUMBER: 00507320) |
Notes to the Financial Statements - continued |
for the year ended 31 May 2024 |
7. | Creditors: amounts falling due within one year |
2024 | 2023 |
£ | £ |
Taxation and social security |
Other creditors |
8. | Called up share capital |
Allotted, issued and fully paid: |
Number: | Class: | Nominal | 2024 | 2023 |
value: | £ | £ |
Ordinary shares | £1 | 4,500 | 4,500 |