Company registration number 12096819 (England and Wales)
Woods & Woods Consultancy Ltd
UNAUDITED FINANCIAL STATEMENTS
for the year ended 31 July 2024
PAGES FOR FILING WITH REGISTRAR
Woods & Woods Consultancy Ltd
Contents
Page
Statement of financial position
1
Notes to the financial statements
2 - 4
Woods & Woods Consultancy Ltd
Statement of financial position
as at 31 July 2024
- 1 -
2024
2023
Notes
£
£
£
£
Fixed assets
Tangible assets
3
48,006
Current assets
Debtors
4
6,357
291
Cash at bank and in hand
38,191
95,086
44,548
95,377
Creditors: amounts falling due within one year
5
(16,734)
(18,182)
Net current assets
27,814
77,195
Net assets
75,820
77,195
Capital and reserves
Called up share capital
6
100
100
Profit and loss reserves
75,720
77,095
Total equity
75,820
77,195
For the financial year ended 31 July 2024 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.
The member has not required the company to obtain an audit of its financial statements for the year in question in accordance with section 476.
The director acknowledges her responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of financial statements.
These financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime.
The director of the company has elected not to include a copy of the income statement within the financial statements.true
The financial statements were approved and signed by the director and authorised for issue on 7 October 2024
P Woods
Director
Company registration number 12096819 (England and Wales)
Woods & Woods Consultancy Ltd
Notes to the financial statements
for the year ended 31 July 2024
- 2 -
1
Accounting policies
Accounting convention
These financial statements have been prepared in accordance with FRS 102 “The Financial Reporting Standard applicable in the UK and Republic of Ireland” (“FRS 102”) and the requirements of the Companies Act 2006 as applicable to companies subject to the small companies regime. The disclosure requirements of section 1A of FRS 102 have been applied other than where additional disclosure is required to show a true and fair view.
The financial statements are prepared in sterling, which is the functional currency of the company.
The financial statements have been prepared under the historical cost convention. The principal accounting policies adopted are set out below.
Turnover
Turnover is recognised upon the supply services provided in the normal course of business.
Tangible fixed assets
Tangible fixed assets are initially measured at cost and subsequently measured at cost or valuation, net of depreciation and any impairment losses.
Depreciation is recognised so as to write off the cost or valuation of assets less their residual values over their useful lives on the following bases:
Motor vehicles
25% Reducing balance
Current tax
The tax currently payable is based on taxable profit for the year. Taxable profit differs from net profit as reported in the income statement because it excludes items of income or expense that are taxable or deductible in other years and it further excludes items that are never taxable or deductible. The company’s liability for current tax is calculated using tax rates that have been enacted or substantively enacted by the reporting end date.
2
Employees
The average monthly number of persons (including directors) employed by the company during the year was:
2024
2023
Number
Number
Total
1
1
Woods & Woods Consultancy Ltd
Notes to the financial statements (continued)
for the year ended 31 July 2024
- 3 -
3
Tangible fixed assets
Motor vehicles
£
Cost
At 1 August 2023
Additions
52,370
At 31 July 2024
52,370
Depreciation and impairment
At 1 August 2023
Depreciation charged in the year
4,364
At 31 July 2024
4,364
Carrying amount
At 31 July 2024
48,006
At 31 July 2023
4
Debtors
2024
2023
Amounts falling due within one year:
£
£
Trade debtors
5,082
291
Corporation tax recoverable
1,275
6,357
291
5
Creditors: amounts falling due within one year
2024
2023
£
£
Corporation tax
3,645
Other creditors
15,534
13,337
Accruals
1,200
1,200
16,734
18,182
6
Called up share capital
2024
2023
Ordinary share capital
£
£
Issued and fully paid
A ordinary shares of £1 each
100
100
Woods & Woods Consultancy Ltd
Notes to the financial statements (continued)
for the year ended 31 July 2024
- 4 -
7
Company information
Woods & Woods Consultancy Ltd is a private company limited by shares incorporated in England and Wales. The registered office is West House, King Cross Road, Halifax, West Yorkshire, HX1 1EB.