2023-02-012024-01-312024-01-31false04639493WOODS BUILDERS 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WOODS BUILDERS LIMITED

Registered Number
04639493
(England and Wales)

Unaudited Financial Statements for the Year ended
31 January 2024

WOODS BUILDERS LIMITED
Company Information
for the year from 1 February 2023 to 31 January 2024

Directors

WOODS, Garry Terry
WOODS, Susan Elizabeth

Company Secretary

WOODS, Susan Elizabeth

Registered Address

42a Throwley Way
Sutton
SM1 4AF

Registered Number

04639493 (England and Wales)
WOODS BUILDERS LIMITED
Statement of Financial Position
31 January 2024

Notes

2024

2023

£

£

£

£

Fixed assets
Tangible assets329,79239,722
29,79239,722
Current assets
Debtors435,54774,572
Cash at bank and on hand129,307232,391
164,854306,963
Creditors amounts falling due within one year5(139,115)(155,157)
Net current assets (liabilities)25,739151,806
Total assets less current liabilities55,531191,528
Creditors amounts falling due after one year6(119,848)(183,163)
Provisions for liabilities8(5,660)(7,547)
Net assets(69,977)818
Capital and reserves
Called up share capital100100
Profit and loss account(70,077)718
Shareholders' funds(69,977)818
The financial statements were approved and authorised for issue by the Board of Directors on 11 October 2024, and are signed on its behalf by:
WOODS, Garry Terry
Director
WOODS, Susan Elizabeth
Director

Registered Company No. 04639493
WOODS BUILDERS LIMITED
Notes to the Financial Statements
for the year ended 31 January 2024

1.Accounting policies
Statutory information
The company is a private company limited by shares and registered in England and Wales. The company's registered number and registered office address can be found on the Company Information page.
Statement of compliance
The financial statements have been prepared in compliance with FRS 102 Section 1A as it applies to the financial statements for the period and there were no material departures from the reporting standard.
Going concern
After reviewing the company's forecasts and projections, the directors have a reasonable expectation that the company has adequate resources to continue in operational existence for the foreseeable future. The company therefore continues to adopt the going concern basis of accounting in preparing its financial statements.
Turnover policy
Turnover represents the value of services provided under contracts to the extent that there is a right to consideration and is recorded at the value of the consideration due.
Employee benefits
Contributions to defined contribution plans are expensed in the period to which they relate.
Current taxation
Current tax is recognised on taxable profit for the current and past periods. Current tax is measured at the amounts of tax expected to pay or recover using the tax rates and laws that have been enacted or substantively enacted at the reporting date.
Deferred tax
Deferred tax is recognised in respect of all timing differences between the recognition of income and expenses in the financial statements and their inclusion in tax assessments. 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. Deferred tax is measured using the tax rates and laws that have been enacted or substantively enacted by the reporting date and that are expected to apply to the reversal of the timing difference, except for revalued land and investment property where the tax rate that applies to the sale of the asset is used. Current and deferred tax assets and liabilities are not discounted.
Tangible fixed assets and depreciation
Tangible fixed assets are stated at cost or valuation less depreciation. Depreciation is provided on all tangible fixed assets as follows:

Reducing balance (%)
Plant and machinery25
Fixtures and fittings25
Vehicles25
Office Equipment25
Finance leases and hire purchase contracts
Assets held under finance leases which are leases where substantially all the risks and rewards of ownership of the asset have passed to the company, and hire purchase contracts are capitalised in the balance sheet. They are depreciated over the shorter of their useful lives or the term of the lease.
2.Average number of employees

20242023
Average number of employees during the year33
3.Tangible fixed assets

Plant & machinery

Vehicles

Fixtures & fittings

Office Equipment

Total

£££££
Cost or valuation
At 01 February 233,000104,8051,1881,454110,447
At 31 January 243,000104,8051,1881,454110,447
Depreciation and impairment
At 01 February 232,99166,15690667270,725
Charge for year29,662701969,930
At 31 January 242,99375,81897686880,655
Net book value
At 31 January 24728,98721258629,792
At 31 January 23938,64928278239,722
4.Debtors: amounts due within one year

2024

2023

££
Other debtors27,42774,572
Total27,42774,572
5.Creditors: amounts due within one year

2024

2023

££
Trade creditors / trade payables34,86758,024
Bank borrowings and overdrafts42,58238,508
Taxation and social security16,85439,595
Finance lease and HP contracts10,8609,462
Other creditors33,9529,568
Total139,115155,157
6.Creditors: amounts due after one year

2024

2023

££
Bank borrowings and overdrafts72,885125,339
Other creditors46,96357,824
Total119,848183,163
7.Obligations under finance leases

2024

2023

££
Finance lease and HP contracts46,96457,823
8.Provisions for liabilities

2024

2023

££
Net deferred tax liability (asset)5,6607,547
Total5,6607,547
9.Directors advances, credits and guarantees

Brought forward

Amount advanced

Amount repaid

Carried forward

££££
WOODS, Garry Terry55,812055,8120
55,812055,8120
The amount was fully repaid by 30/09/2023.
10.Further information regarding the company's financial position
In view of the company's insolvent balance sheet, the directors are aware of their responsibilities of trading whilst insolvent. The company directors will continue to support the company until such time as the balance sheet is solvent.