1 April 2023 false No description of principal activity Taxfiler 2024.5 04944898business:PrivateLimitedCompanyLtd2023-04-012024-03-31 049448982023-03-31 049448982023-04-012024-03-31 04944898business:AuditExemptWithAccountantsReport2023-04-012024-03-31 04944898business:FilletedAccounts2023-04-012024-03-31 049448982024-03-31 04944898business:Director12023-04-012024-03-31 04944898business:RegisteredOffice2023-04-012024-03-31 049448982023-03-31 04944898core:WithinOneYear2024-03-31 04944898core:WithinOneYear2023-03-31 04944898core:AfterOneYear2024-03-31 04944898core:AfterOneYear2023-03-31 04944898core:ShareCapitalcore:PreviouslyStatedAmount2024-03-31 04944898core:ShareCapitalcore:PreviouslyStatedAmount2023-03-31 04944898core:RetainedEarningsAccumulatedLossescore:PreviouslyStatedAmount2024-03-31 04944898core:RetainedEarningsAccumulatedLossescore:PreviouslyStatedAmount2023-03-31 04944898core:PreviouslyStatedAmount2024-03-31 04944898core:PreviouslyStatedAmount2023-03-31 04944898business:SmallEntities2023-04-012024-03-31 04944898countries:EnglandWales2023-04-012024-03-31 04944898core:LandBuildings2023-04-012024-03-31 04944898core:PlantMachinery2023-04-012024-03-31 04944898core:MotorVehicles2023-04-012024-03-31 04944898core:FurnitureFittings2023-04-012024-03-31 04944898core:ComputerEquipment2023-04-012024-03-31 04944898core:OtherPropertyPlantEquipment2023-04-012024-03-31 04944898core:Goodwill2023-03-31 04944898core:Goodwill2024-03-31 04944898core:LandBuildings2023-03-31 04944898core:PlantMachinery2023-03-31 04944898core:MotorVehicles2023-03-31 04944898core:FurnitureFittings2023-03-31 04944898core:LandBuildings2024-03-31 04944898core:PlantMachinery2024-03-31 04944898core:MotorVehicles2024-03-31 04944898core:FurnitureFittings2024-03-31 04944898business:OrdinaryShareClass12023-04-012024-03-31 04944898business:OrdinaryShareClass12022-04-012023-03-31 049448982022-04-012023-03-31 iso4217:GBP xbrli:shares xbrli:pure
Company Registration No. 04944898 (England and Wales)
IAN WOOD MEMORIALS LTD Unaudited accounts for the year ended 31 March 2024
IAN WOOD MEMORIALS LTD Unaudited accounts Contents
Page
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IAN WOOD MEMORIALS LTD Company Information for the year ended 31 March 2024
Director
MR IAN WOOD
Company Number
04944898 (England and Wales)
Registered Office
307A HYLTON ROAD PALLION SUNDERLAND SR4 7SL
Accountants
TAX SHOP ACCOUNTANTS LTD North East BIC Wearfield SUNDERLAND TYNE AND WEAR SR5 2TA
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IAN WOOD MEMORIALS LTD Statement of financial position as at 31 March 2024
2024 
2023 
Notes
£ 
£ 
Fixed assets
Intangible assets
3,600 
3,600 
Tangible assets
46,423 
48,028 
50,023 
51,628 
Current assets
Debtors
2,067 
- 
Cash at bank and in hand
235,021 
209,761 
237,088 
209,761 
Creditors: amounts falling due within one year
(332,020)
(280,413)
Net current liabilities
(94,932)
(70,652)
Total assets less current liabilities
(44,909)
(19,024)
Creditors: amounts falling due after more than one year
(25,000)
(25,000)
Net liabilities
(69,909)
(44,024)
Capital and reserves
Called up share capital
100 
100 
Profit and loss account
(70,009)
(44,124)
Shareholders' funds
(69,909)
(44,024)
For the year ending 31 March 2024 the company was entitled to exemption from audit 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 director acknowledges his responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.
These accounts have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies' regime and in accordance with the provisions of FRS 102 Section 1A - Small Entities. The profit and loss account has not been delivered to the Registrar of Companies.
The financial statements were approved by the Board and authorised for issue on 2 November 2024 and were signed on its behalf by
MR IAN WOOD Director Company Registration No. 04944898
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IAN WOOD MEMORIALS LTD Notes to the Accounts for the year ended 31 March 2024
1
Statutory information
IAN WOOD MEMORIALS LTD is a private company, limited by shares, registered in England and Wales, registration number 04944898. The registered office is 307A HYLTON ROAD, PALLION, SUNDERLAND, SR4 7SL.
2
Compliance with accounting standards
The accounts have been prepared in accordance with the provisions of FRS 102 Section 1A Small Entities. There were no material departures from that standard.
3
Accounting policies
The principal accounting policies adopted in the preparation of the financial statements are set out below and have remained unchanged from the previous year, and also have been consistently applied within the same accounts.
Basis of preparation
The accounts have been prepared under the historical cost convention as modified by the revaluation of certain fixed assets.
Presentation currency
The accounts are presented in £ sterling.
Turnover
Turnover represents the value, net of VAT and discounts, of goods provided to customers and work carried out in respect of services provided to customers.
Tangible fixed assets policy
Depreciation has been provided at the following rates in order to write off the assets over their estimated useful lives:
Land & buildings
0%
Plant & machinery
20% Straight Line
Motor vehicles
20% Straight Line
Fixtures & fittings
20% Straight Line
Computer equipment
20% Straight Line
Other tangible fixed assets
20% Straight Line
Intangible fixed assets
Intangible fixed assets (including purchased goodwill and patents) are amortised at rates calculated to write off the assets on a straight basis over their estimated useful economic lives. Impairment of intangible fixed assets is only reviewed where circumstances indicate that the carrying value of an asset may not be fully recoverable.
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IAN WOOD MEMORIALS LTD Notes to the Accounts for the year ended 31 March 2024
4
Intangible fixed assets
Goodwill 
£ 
Cost
At 1 April 2023
3,600 
At 31 March 2024
3,600 
Amortisation
At 1 April 2023
- 
At 31 March 2024
- 
Net book value
At 31 March 2024
3,600 
At 31 March 2023
3,600 
5
Tangible fixed assets
Land & buildings 
Plant & machinery 
Motor vehicles 
Fixtures & fittings 
Total 
£ 
£ 
£ 
£ 
£ 
Cost or valuation
At cost 
At cost 
At cost 
At cost 
At 1 April 2023
6,500 
122,141 
124,805 
2,618 
256,064 
Additions
- 
- 
40,000 
- 
40,000 
At 31 March 2024
6,500 
122,141 
164,805 
2,618 
296,064 
Depreciation
At 1 April 2023
3,038 
105,497 
96,883 
2,618 
208,036 
Charge for the year
- 
16,644 
24,961 
- 
41,605 
At 31 March 2024
3,038 
122,141 
121,844 
2,618 
249,641 
Net book value
At 31 March 2024
3,462 
- 
42,961 
- 
46,423 
At 31 March 2023
3,462 
16,644 
27,922 
- 
48,028 
6
Debtors
2024 
2023 
£ 
£ 
Amounts falling due within one year
VAT
2,067 
- 
7
Creditors: amounts falling due within one year
2024 
2023 
£ 
£ 
VAT
- 
5,242 
Trade creditors
54,856 
53,792 
Taxes and social security
688 
(140)
Other creditors
276,476 
221,519 
332,020 
280,413 
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IAN WOOD MEMORIALS LTD Notes to the Accounts for the year ended 31 March 2024
8
Creditors: amounts falling due after more than one year
2024 
2023 
£ 
£ 
Bank loans
25,000 
25,000 
9
Share capital
2024 
2023 
£ 
£ 
Allotted, called up and fully paid:
100 Ordinary shares of £1 each
100 
100 
10
Average number of employees
During the year the average number of employees was 5 (2023: 5).
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