IRIS Accounts Production v24.2.0.383 02836910 Board of Directors 1.4.23 31.3.24 31.3.24 false true false false true false iso4217:GBPiso4217:USDiso4217:EURxbrli:sharesxbrli:pureutr:tonnesutr:kWh028369102023-03-31028369102024-03-31028369102023-04-012024-03-31028369102022-04-30028369102022-05-012023-03-31028369102023-03-3102836910ns15:EnglandWales2023-04-012024-03-3102836910ns14:PoundSterling2023-04-012024-03-3102836910ns10:Director12023-04-012024-03-3102836910ns10:PrivateLimitedCompanyLtd2023-04-012024-03-3102836910ns10:SmallEntities2023-04-012024-03-3102836910ns10:AuditExemptWithAccountantsReport2023-04-012024-03-3102836910ns10:SmallCompaniesRegimeForDirectorsReport2023-04-012024-03-3102836910ns10:SmallCompaniesRegimeForAccounts2023-04-012024-03-3102836910ns10:FullAccounts2023-04-012024-03-3102836910ns10:Director22023-04-012024-03-3102836910ns10:Director32023-04-012024-03-3102836910ns10:RegisteredOffice2023-04-012024-03-3102836910ns5:CurrentFinancialInstruments2024-03-3102836910ns5:CurrentFinancialInstruments2023-03-3102836910ns5:ShareCapital2024-03-3102836910ns5:ShareCapital2023-03-3102836910ns5:RetainedEarningsAccumulatedLosses2024-03-3102836910ns5:RetainedEarningsAccumulatedLosses2023-03-3102836910ns5:FurnitureFittings2023-04-012024-03-3102836910ns5:FurnitureFittings2023-03-3102836910ns5:FurnitureFittings2024-03-3102836910ns5:FurnitureFittings2023-03-3102836910ns5:WithinOneYearns5:CurrentFinancialInstruments2024-03-3102836910ns5:WithinOneYearns5:CurrentFinancialInstruments2023-03-3102836910ns5:MoreThanFiveYears2024-03-3102836910ns5:MoreThanFiveYears2023-03-3102836910ns5:DeferredTaxation2023-03-3102836910ns5:DeferredTaxation2024-03-31
REGISTERED NUMBER: 02836910 (England and Wales)

















FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 MARCH 2024

FOR

STEPHEN J WOODWARD LIMITED

STEPHEN J WOODWARD LIMITED (REGISTERED NUMBER: 02836910)

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










Page

Company Information 1

Chartered Accountants' Report 2

Balance Sheet 3

Notes to the Financial Statements 5


STEPHEN J WOODWARD LIMITED

COMPANY INFORMATION
FOR THE YEAR ENDED 31 MARCH 2024







DIRECTORS: Mr R B Kerai
Mr. R M Pindoria
Mr S K Sharma





REGISTERED OFFICE: 505 Pinner Road
Harrow
HA2 6EH





REGISTERED NUMBER: 02836910 (England and Wales)





ACCOUNTANTS: STGCA LLP t/a Sterling
Chartered Accountants
505 Pinner Road
Harrow
Middlesex
HA2 6EH

CHARTERED ACCOUNTANTS' REPORT TO THE BOARD OF DIRECTORS
ON THE UNAUDITED FINANCIAL STATEMENTS OF
STEPHEN J WOODWARD 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 Balance Sheet. 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 Stephen J Woodward Limited for the year ended 31 March 2024 which comprise the Income Statement, Balance Sheet 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 Stephen J Woodward 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 Stephen J Woodward Limited and state those matters that we have agreed to state to the Board of Directors of Stephen J Woodward 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 Stephen J Woodward Limited and its Board of Directors, as a body, for our work or for this report.

It is your duty to ensure that Stephen J Woodward 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 Stephen J Woodward Limited. You consider that Stephen J Woodward 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 Stephen J Woodward 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.






STGCA LLP t/a Sterling
Chartered Accountants
505 Pinner Road
Harrow
Middlesex
HA2 6EH


6 November 2024

STEPHEN J WOODWARD LIMITED (REGISTERED NUMBER: 02836910)

BALANCE SHEET
31 MARCH 2024

2024 2023
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 17,662 14,060

CURRENT ASSETS
Debtors 5 454,659 372,948
Cash at bank 40,886 606,568
495,545 979,516
CREDITORS
Amounts falling due within one year 6 51,939 645,633
NET CURRENT ASSETS 443,606 333,883
TOTAL ASSETS LESS CURRENT
LIABILITIES

461,268

347,943

PROVISIONS FOR LIABILITIES 8 4,416 3,362
NET ASSETS 456,852 344,581

CAPITAL AND RESERVES
Called up share capital 100 100
Retained earnings 456,752 344,481
SHAREHOLDERS' FUNDS 456,852 344,581

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.

STEPHEN J WOODWARD LIMITED (REGISTERED NUMBER: 02836910)

BALANCE SHEET - continued
31 MARCH 2024


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 Income Statement has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 5 November 2024 and were signed on its behalf by:





Mr R B Kerai - Director


STEPHEN J WOODWARD LIMITED (REGISTERED NUMBER: 02836910)

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


1. STATUTORY INFORMATION

Stephen J Woodward 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.

The presentation currency of the financial statements is the Pound Sterling (£).


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.

Preparation of consolidated financial statements
The financial statements contain information about Stephen J Woodward Limited as an individual company and do not contain consolidated financial information as the parent of a group. The company is exempt under Section 399(2A) of the Companies Act 2006 from the requirements to prepare consolidated financial statements.

Related party exemption
The company has taken advantage of exemption, under the terms of Financial Reporting Standard 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland', not to disclose related party transactions with wholly owned subsidiaries within the group.

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

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Fixtures and fittings - 25% on reducing balance

Taxation
Taxation for the year comprises current and deferred tax. Tax is recognised in the Income Statement, 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 balance sheet date.


STEPHEN J WOODWARD LIMITED (REGISTERED NUMBER: 02836910)

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


2. ACCOUNTING POLICIES - continued
Deferred tax
Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the balance sheet date.

Timing differences arise from the inclusion of income and expenses in tax assessments in periods different from those in which they are recognised in financial statements. Deferred tax is measured using tax rates and laws that have been enacted or substantively enacted by the year end and that are expected to apply to the reversal of the timing difference.

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.

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.

Pension costs and other post-retirement benefits
The company operates a defined contribution pension scheme. Contributions payable to the company's pension scheme are charged to profit or loss in the period to which they relate.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 10 (2023 - 13 ) .

4. TANGIBLE FIXED ASSETS
Fixtures
and
fittings
£   
COST
At 1 April 2023 90,645
Additions 9,489
At 31 March 2024 100,134
DEPRECIATION
At 1 April 2023 76,585
Charge for year 5,887
At 31 March 2024 82,472
NET BOOK VALUE
At 31 March 2024 17,662
At 31 March 2023 14,060

STEPHEN J WOODWARD LIMITED (REGISTERED NUMBER: 02836910)

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


5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Trade debtors 315 30,147
Amounts owed by group undertakings 454,344 341,844
Prepayments and accrued income - 957
454,659 372,948

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Trade creditors 672 4,361
Tax 36,574 12,573
VAT 10,614 74,888
Other creditors 779 510,811
Accrued expenses 3,300 43,000
51,939 645,633

7. LEASING AGREEMENTS

Minimum lease payments under non-cancellable operating leases fall due as follows:
2024 2023
£    £   
In more than five years 25,000 25,000

8. PROVISIONS FOR LIABILITIES
2024 2023
£    £   
Deferred tax 4,416 3,362

Deferred
tax
£   
Balance at 1 April 2023 3,362
Movement 1,054
Balance at 31 March 2024 4,416

9. RELATED PARTY DISCLOSURES

During the year, the company paid management fees of £41,000 (2023: £NIL) to Regal asset managers limited a company in which the director has a beneficial interest.

STEPHEN J WOODWARD LIMITED (REGISTERED NUMBER: 02836910)

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


10. ULTIMATE PARENT COMPANY

The ultimate controlling party is Mr R B Kerai.

The immediate parent company is Regal Asset Managers Limited, a company incorporated in England and Wales.