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REGISTERED NUMBER: 04709180 (England and Wales)













REES WOOD TERRY LIMITED

FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 MARCH 2024






REES WOOD TERRY LIMITED (REGISTERED NUMBER: 04709180)

CONTENTS OF THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2024










Page

Company Information 1

Chartered Accountants' Report 2

Statement of Financial Position 3

Notes to the Financial Statements 4


REES WOOD TERRY LIMITED

COMPANY INFORMATION
FOR THE YEAR ENDED 31 MARCH 2024







DIRECTORS: A P M Hickey
Mr M L Hood
Mr D G Williams





SECRETARY: Mr M L Hood





REGISTERED OFFICE: 9 St. Andrews Crescent
Cardiff
CF10 3DG





REGISTERED NUMBER: 04709180 (England and Wales)





ACCOUNTANTS: Carston ETL
Tudor House
16 Cathedral Road
Cardiff
CF11 9LJ

CHARTERED ACCOUNTANTS' REPORT TO THE BOARD OF DIRECTORS
ON THE UNAUDITED FINANCIAL STATEMENTS OF
REES WOOD TERRY LIMITED


The following reproduces the text of the report prepared for the directors in respect of the company's annual unaudited financial statements. In accordance with the Companies Act 2006, the company is only required to file a Statement of Financial Position. Readers are cautioned that the Income Statement and certain other primary statements and the Report of the Directors are not required to be filed with the Registrar of Companies.

In order to assist you to fulfil your duties under the Companies Act 2006, we have prepared for your approval the financial statements of Rees Wood Terry Limited for the year ended 31 March 2024 which comprise the Statement of Income and Retained Earnings, Statement of Financial Position and the related notes from the company's accounting records and from information and explanations you have given us.

As a practising member firm of the Institute of Chartered Accountants in England and Wales (ICAEW), we are subject to its ethical and other professional requirements which are detailed within the ICAEW's regulations and guidance at http://www.icaew.com/en/membership/regulations-standards-and-guidance.

This report is made solely to the Board of Directors of Rees Wood Terry Limited, as a body, in accordance with our terms of engagement. Our work has been undertaken solely to prepare for your approval the financial statements of Rees Wood Terry Limited and state those matters that we have agreed to state to the Board of Directors of Rees Wood Terry Limited, as a body, in this report in accordance with ICAEW Technical Release 07/16AAF. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than Rees Wood Terry Limited and its Board of Directors, as a body, for our work or for this report.

It is your duty to ensure that Rees Wood Terry Limited has kept adequate accounting records and to prepare statutory financial statements that give a true and fair view of the assets, liabilities, financial position and profit of Rees Wood Terry Limited. You consider that Rees Wood Terry Limited is exempt from the statutory audit requirement for the year.

We have not been instructed to carry out an audit or a review of the financial statements of Rees Wood Terry Limited. For this reason, we have not verified the accuracy or completeness of the accounting records or information and explanations you have given to us and we do not, therefore, express any opinion on the statutory financial statements.






Carston ETL
Tudor House
16 Cathedral Road
Cardiff
CF11 9LJ


6 November 2024

REES WOOD TERRY LIMITED (REGISTERED NUMBER: 04709180)

STATEMENT OF FINANCIAL POSITION
31 MARCH 2024

2024 2023
Notes £ £ £ £
FIXED ASSETS
Intangible assets 4 320,000 360,000
Tangible assets 5 7,384 12,454
327,384 372,454

CURRENT ASSETS
Stocks 150,027 152,857
Debtors 6 54,403 55,895
Cash at bank and in hand 143,387 157,762
347,817 366,514
CREDITORS
Amounts falling due within one year 7 328,373 367,142
NET CURRENT ASSETS/(LIABILITIES) 19,444 (628 )
TOTAL ASSETS LESS CURRENT LIABILITIES 346,828 371,826

CREDITORS
Amounts falling due after more than one year 8 100,000 100,000
NET ASSETS 246,828 271,826

CAPITAL AND RESERVES
Called up share capital 9 100 100
Retained earnings 246,728 271,726
SHAREHOLDERS' FUNDS 246,828 271,826

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 March 2024.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 March 2024 in accordance with Section 476 of the Companies Act 2006.

The directors acknowledge their 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 have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime.

In accordance with Section 444 of the Companies Act 2006, the Statement of Income and Retained Earnings has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 6 November 2024 and were signed on its behalf by:




A P M Hickey - Director


REES WOOD TERRY LIMITED (REGISTERED NUMBER: 04709180)

NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2024


1. STATUTORY INFORMATION

Rees Wood Terry Limited is a private company, limited by shares , registered in England and Wales. The company's registered number and registered office address can be found on the Company Information page.

2. ACCOUNTING POLICIES

Basis of preparing the financial statements
These financial statements have been prepared in accordance with Financial Reporting Standard 102 "The Financial Reporting Standard applicable in the UK and Republic of Ireland" including the provisions of Section 1A "Small Entities" and the Companies Act 2006. The financial statements have been prepared under the historical cost convention.

Turnover
Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes.

Goodwill
Goodwill, being the amount paid in connection with the acquisition of a business in 2019, is being amortised evenly over its estimated useful life of ten years.

Intangible assets
Intangible assets are initially measured at cost. After initial recognition, intangible assets are measured at cost less any accumulated amortisation and any accumulated impairment losses.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Long leasehold - 10% straight line on cost
Office equipment - 20% straight line on cost
Fixtures and fittings - 20% straight line on cost
Computer equipment - 25% straight line on cost

Stocks
Work in progress is valued at the lower of cost and net realisable value.

Cost is calculated using the first-in, first-out method and includes all purchase, transport, and handling costs in bringing stocks to their present location and condition.

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 statement of financial position date.

Hire purchase and leasing commitments
Rentals paid under operating leases are charged to profit or loss on a straight line basis over the period of the lease.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 13 (2023 - 11 ) .

REES WOOD TERRY LIMITED (REGISTERED NUMBER: 04709180)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 MARCH 2024


4. INTANGIBLE FIXED ASSETS
Goodwill
£
COST
At 1 April 2023
and 31 March 2024 500,000
AMORTISATION
At 1 April 2023 140,000
Amortisation for year 40,000
At 31 March 2024 180,000
NET BOOK VALUE
At 31 March 2024 320,000
At 31 March 2023 360,000

5. TANGIBLE FIXED ASSETS
Fixtures
Long Office and Computer
leasehold equipment fittings equipment Totals
£ £ £ £ £
COST
At 1 April 2023 5,300 8,750 3,380 21,904 39,334
Additions - - 452 - 452
At 31 March 2024 5,300 8,750 3,832 21,904 39,786
DEPRECIATION
At 1 April 2023 2,650 8,750 3,380 12,100 26,880
Charge for year 530 - 90 4,902 5,522
At 31 March 2024 3,180 8,750 3,470 17,002 32,402
NET BOOK VALUE
At 31 March 2024 2,120 - 362 4,902 7,384
At 31 March 2023 2,650 - - 9,804 12,454

6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£ £
Trade debtors 36,416 39,250
Other debtors 17,987 16,645
54,403 55,895

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£ £
Taxation and social security 55,434 59,794
Other creditors 272,939 307,348
328,373 367,142

REES WOOD TERRY LIMITED (REGISTERED NUMBER: 04709180)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 MARCH 2024


8. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR
2024 2023
£ £
Other creditors 100,000 100,000

9. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 2024 2023
value: £ £
100 Ordinary £1 100 100