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Company Registration No. 12478752 (England and Wales)
Woodford Construction And Interiors Limited Unaudited accounts for the year ended 29 February 2024
Woodford Construction And Interiors Limited Unaudited accounts Contents
Page
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Woodford Construction And Interiors Limited Company Information for the year ended 29 February 2024
Director
Kestutis Vadapalas
Company Number
12478752 (England and Wales)
Registered Office
57 Wansford Road Woodford Green IG8 7AD England
Accountants
Eureka Accountants Limited 63 Lancing Road Newbury Park London IG2 7DQ
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Woodford Construction And Interiors Limited Statement of financial position as at 29 February 2024
2024 
2023 
Notes
£ 
£ 
Fixed assets
Tangible assets
9,200 
- 
Current assets
Debtors
- 
48,000 
Cash at bank and in hand
72,464 
5,252 
72,464 
53,252 
Creditors: amounts falling due within one year
(48,493)
(27,997)
Net current assets
23,971 
25,255 
Total assets less current liabilities
33,171 
25,255 
Creditors: amounts falling due after more than one year
(14,826)
(25,254)
Net assets
18,345 
1 
Capital and reserves
Called up share capital
1 
1 
Profit and loss account
18,344 
- 
Shareholders' funds
18,345 
1 
For the year ending 29 February 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 18 November 2024 and were signed on its behalf by
Kestutis Vadapalas Director Company Registration No. 12478752
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Woodford Construction And Interiors Limited Notes to the Accounts for the year ended 29 February 2024
1
Statutory information
Woodford Construction And Interiors Limited is a private company, limited by shares, registered in England and Wales, registration number 12478752. The registered office is 57 Wansford Road, , Woodford Green, IG8 7AD, England.
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.
Turnover
Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes. Turnover from the sale of goods is recognised when goods have been delivered to customers such that risks and rewards of ownership have transferred to them. Turnover from the rendering of services is recognised by reference to the stage of completion of the contract. The stage of completion of a contract is measured by comparing the costs incurred for work performed to date to the total estimated contract costs.
Debtors
Short term debtors are measured at transaction price (which is usually the invoice price), less any impairment losses for bad and doubtful debts. Loans and other financial assets are initially recognised at transaction price including any transaction costs and subsequently measured at amortised cost determined using the effective interest method, less any impairment losses for bad and doubtful debts.
Creditors
Short term creditors are measured at transaction price (which is usually the invoice price). Loans and other financial liabilities are initially recognised at transaction price net of any transaction costs and subsequently measured at amortised cost determined using the effective interest method.
Taxation
A current tax liability is recognised for the tax payable on the taxable profit of the current and past periods. A current tax asset is recognised in respect of a tax loss that can be carried back to recover tax paid in a previous period.
Financial instruments
Basic financial instruments are recognised at amortised cost, except for investments in non-convertible preference and non-puttable ordinary shares which are measured at fair value, with changes recognised in profit or loss. Derivative financial instruments are initially recorded at cost and thereafter at fair value with changes recognised in profit or loss.
Presentation currency
The accounts are presented in £ sterling.
Tangible fixed assets and depreciation
Tangible assets are included at cost less depreciation and impairment. Depreciation has been provided at the following rates in order to write off the assets over their estimated useful lives:
Motor vehicles
5 years straight line
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Woodford Construction And Interiors Limited Notes to the Accounts for the year ended 29 February 2024
4
Tangible fixed assets
Motor vehicles 
£ 
Cost or valuation
At cost 
At 1 March 2023
- 
Additions
11,500 
At 29 February 2024
11,500 
Depreciation
Charge for the year
2,300 
At 29 February 2024
2,300 
Net book value
At 29 February 2024
9,200 
5
Debtors
2024 
2023 
£ 
£ 
Amounts falling due within one year
Trade debtors
- 
48,000 
6
Creditors: amounts falling due within one year
2024 
2023 
£ 
£ 
Bank loans and overdrafts
12,561 
10,428 
VAT
16,662 
6,698 
Trade creditors
- 
64,800 
Taxes and social security
17,448 
5,648 
Other creditors
- 
2,752 
Loans from directors
1,822 
(62,329)
48,493 
27,997 
7
Creditors: amounts falling due after more than one year
2024 
2023 
£ 
£ 
Bank loans
14,826 
25,254 
8
Loans to directors
Brought Forward 
Advance/ credit 
Repaid 
Carried Forward 
£ 
£ 
£ 
£ 
Advances/Credits
62,329 
75,100 
138,076 
(647)
62,329 
75,100 
138,076 
(647)
9
Average number of employees
During the year the average number of employees was 1 (2023: 1).
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