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REGISTERED NUMBER: 03251107 (England and Wales)


















Unaudited Financial Statements

for the Year Ended 20th September 2023

for

Woodland Cars (Stanton) Limited

Woodland Cars (Stanton) Limited (Registered number: 03251107)






Contents of the Financial Statements
for the Year Ended 20th September 2023




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


Woodland Cars (Stanton) Limited

Company Information
for the Year Ended 20th September 2023







DIRECTOR: Mr D C Peet





SECRETARY: Mrs C L Peet





REGISTERED OFFICE: 14a Market Place
Uttoxeter
Staffordshire
ST14 8HP





REGISTERED NUMBER: 03251107 (England and Wales)





ACCOUNTANTS: Rice & Co Limited
Chartered Accountants
14a Market Place
Uttoxeter
Staffordshire
ST14 8HP

Woodland Cars (Stanton) Limited (Registered number: 03251107)

Balance Sheet
20th September 2023

2023 2022
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 24 35

CURRENT ASSETS
Stocks 39,910 53,434
Debtors 5 22,228 29,241
Cash at bank and in hand 1,534 54
63,672 82,729
CREDITORS
Amounts falling due within one year 6 69,605 82,421
NET CURRENT (LIABILITIES)/ASSETS (5,933 ) 308
TOTAL ASSETS LESS CURRENT
LIABILITIES

(5,909

)

343

PROVISIONS FOR LIABILITIES 7 7
NET (LIABILITIES)/ASSETS (5,916 ) 336

CAPITAL AND RESERVES
Called up share capital 2 2
Retained earnings (5,918 ) 334
SHAREHOLDERS' FUNDS (5,916 ) 336

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 20th September 2023.

The members have not required the company to obtain an audit of its financial statements for the year ended 20th September 2023 in accordance with Section 476 of the Companies Act 2006.

The director acknowledges his 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.

Woodland Cars (Stanton) Limited (Registered number: 03251107)

Balance Sheet - continued
20th September 2023


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 director and authorised for issue on 15th November 2024 and were signed by:





Mr D C Peet - Director


Woodland Cars (Stanton) Limited (Registered number: 03251107)

Notes to the Financial Statements
for the Year Ended 20th September 2023

1. STATUTORY INFORMATION

Woodland Cars (Stanton) 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.

Turnover
Turnover is measured at the fair value of the consideration received or receivable, excluding discounts and value added tax. Turnover is recognised upon despatch of the related goods.

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

Stocks
Stocks are valued at the lower of cost and net realisable value, after making due allowance for obsolete and slow moving items.

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.


Woodland Cars (Stanton) Limited (Registered number: 03251107)

Notes to the Financial Statements - continued
for the Year Ended 20th September 2023

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.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 2 (2022 - 2 ) .

4. TANGIBLE FIXED ASSETS
Improvements Fixtures
to Plant and and Computer
property machinery fittings equipment Totals
£    £    £    £    £   
COST
At 21st September 2022
and 20th September 2023 3,670 3,501 8,666 5,259 21,096
DEPRECIATION
At 21st September 2022 3,669 3,495 8,650 5,247 21,061
Charge for year - - - 11 11
At 20th September 2023 3,669 3,495 8,650 5,258 21,072
NET BOOK VALUE
At 20th September 2023 1 6 16 1 24
At 20th September 2022 1 6 16 12 35

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Trade debtors 2,749 12,570
Other debtors 19,479 16,671
22,228 29,241

Woodland Cars (Stanton) Limited (Registered number: 03251107)

Notes to the Financial Statements - continued
for the Year Ended 20th September 2023

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Trade creditors 11,004 8,658
Taxation and social security 12,194 25,691
Other creditors 46,407 48,072
69,605 82,421

7. DIRECTOR'S ADVANCES, CREDITS AND GUARANTEES

The following advances and credits to a director subsisted during the years ended 20th September 2023 and 20th September 2022:

2023 2022
£    £   
Mr D C Peet
Balance outstanding at start of year 14,674 38,464
Amounts advanced 30,072 10,210
Amounts repaid (27,259 ) (34,000 )
Amounts written off - -
Amounts waived - -
Balance outstanding at end of year 17,487 14,674

During the financial year interest of £367 (2022 - £656) at rates of 2% and 2.25% (2022 - 2.%) has been paid to the company in respect of these advances. There are no fixed terms for repayment.