EXECUTIVE WOOD PRODUCTS LIMITED

Company Registration Number:
NI049345 (Northern Ireland)

Unaudited abridged accounts for the year ended 30 January 2024

Period of accounts

Start date: 31 January 2023

End date: 30 January 2024

EXECUTIVE WOOD PRODUCTS LIMITED

Contents of the Financial Statements

for the Period Ended 30 January 2024

Balance sheet
Notes

EXECUTIVE WOOD PRODUCTS LIMITED

Balance sheet

As at 30 January 2024


Notes

2024

2023


£

£
Fixed assets
Tangible assets: 3 96,710 79,906
Total fixed assets: 96,710 79,906
Current assets
Stocks: 141,344 94,318
Debtors:   228,399 210,723
Cash at bank and in hand: 217,903 208,459
Total current assets: 587,646 513,500
Creditors: amounts falling due within one year:   (265,717) (208,292)
Net current assets (liabilities): 321,929 305,208
Total assets less current liabilities: 418,639 385,114
Creditors: amounts falling due after more than one year:   (43,310) (41,734)
Provision for liabilities: (20,856) (16,153)
Total net assets (liabilities): 354,473 327,227
Capital and reserves
Called up share capital: 100 100
Profit and loss account: 354,373 327,127
Shareholders funds: 354,473 327,227

The notes form part of these financial statements

EXECUTIVE WOOD PRODUCTS LIMITED

Balance sheet statements

For the year ending 30 January 2024 the company was entitled to exemption under section 477 of the Companies Act 2006 relating to small companies.

The members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.

The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.

The members have agreed to the preparation of abridged accounts for this accounting period in accordance with Section 444(2A).

These accounts have been prepared in accordance with the provisions applicable to companies subject to the small companies regime.

The directors have chosen to not file a copy of the company’s profit & loss account.

This report was approved by the board of directors on 10 October 2024
and signed on behalf of the board by:

Name: Kevin McCoy
Status: Director

The notes form part of these financial statements

EXECUTIVE WOOD PRODUCTS LIMITED

Notes to the Financial Statements

for the Period Ended 30 January 2024

1. Accounting policies

These financial statements have been prepared in accordance with the provisions of Section 1A (Small Entities) of Financial Reporting Standard 102

Turnover policy

Turnover comprises the invoice value of goods supplied by the company, exclusive of trade discounts and value added tax.

Tangible fixed assets and depreciation policy

Tangible fixed assets are stated at cost or at valuation, less accumulated depreciation. The charge to depreciation is calculated to write off the original cost or valuation of tangible fixed assets, less their estimated residual value, over their expected useful lives as follows: Land and buildings freehold - 4% straight line Plant and machinery - 20% reducing balance Fixtures, fittings and equipment - 20% reducing balance Motor vehicles - 25% reducing balance The carrying value of tangible fixed assets are reviewed annually for impairment in periods if events or changes in circumstances indicate the carrying value may not be recoverable.

Intangible fixed assets and amortisation policy

Purchased goodwill arising on the acquisition of a business represents the excess of the acquisition cost over the fair value of the identifiable net assets when they were acquired. Purchased goodwill is capitalised in the balance sheet and amortised on a straight line basis over its economic useful life of 10 years which is estimated to be the period during which benefits are expected to arise. On disposal of a business any goodwill not yet amortised is included in determining the profit or loss on sale of the business.

EXECUTIVE WOOD PRODUCTS LIMITED

Notes to the Financial Statements

for the Period Ended 30 January 2024

2. Employees

2024 2023
Average number of employees during the period 9 10

EXECUTIVE WOOD PRODUCTS LIMITED

Notes to the Financial Statements

for the Period Ended 30 January 2024

3. Tangible Assets

Total
Cost £
At 31 January 2023 479,564
Additions 34,000
At 30 January 2024 513,564
Depreciation
At 31 January 2023 399,658
Charge for year 17,196
At 30 January 2024 416,854
Net book value
At 30 January 2024 96,710
At 30 January 2023 79,906