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REGISTERED NUMBER: 13306113 (England and Wales)















Unaudited Financial Statements for the Year Ended 31 March 2024

for

Bristol Woodburners Ltd

Bristol Woodburners Ltd (Registered number: 13306113)






Contents of the Financial Statements
for the Year Ended 31 March 2024




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


Bristol Woodburners Ltd

Company Information
for the Year Ended 31 March 2024







DIRECTOR: V Harris





REGISTERED OFFICE: 1 Charterhouse Close
Nailsea
Bristol
BS48 4PU





REGISTERED NUMBER: 13306113 (England and Wales)





ACCOUNTANTS: Norton Accountancy Ltd
7 Soundwell Road
Staple Hill
Bristol
BS16 4QG

Bristol Woodburners Ltd (Registered number: 13306113)

Balance Sheet
31 March 2024

31.3.24 31.3.23
Notes £    £   
FIXED ASSETS
Intangible assets 4 8,400 9,600
Tangible assets 5 25,360 25,893
33,760 35,493

CURRENT ASSETS
Stocks 8,748 6,326
Debtors 6 8,965 5,122
Cash at bank 60,024 100,987
77,737 112,435
CREDITORS
Amounts falling due within one year 7 (17,207 ) (37,855 )
NET CURRENT ASSETS 60,530 74,580
TOTAL ASSETS LESS CURRENT
LIABILITIES

94,290

110,073

CREDITORS
Amounts falling due after more than one
year

8

(76,772

)

(66,459

)
NET ASSETS 17,518 43,614

CAPITAL AND RESERVES
Called up share capital 100 100
Retained earnings 9 17,418 43,514
17,518 43,614

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 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.

Bristol Woodburners Ltd (Registered number: 13306113)

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 director and authorised for issue on 20 November 2024 and were signed by:





V Harris - Director


Bristol Woodburners Ltd (Registered number: 13306113)

Notes to the Financial Statements
for the Year Ended 31 March 2024

1. STATUTORY INFORMATION

Bristol Woodburners Ltd 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 0, is being amortised evenly over its estimated useful life of nil 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.

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

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 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.

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.

Bristol Woodburners Ltd (Registered number: 13306113)

Notes to the Financial Statements - continued
for the Year Ended 31 March 2024

2. ACCOUNTING POLICIES - continued

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 5 (2023 - 6 ) .

4. INTANGIBLE FIXED ASSETS
Goodwill
£   
COST
At 1 April 2023
and 31 March 2024 12,000
AMORTISATION
At 1 April 2023 2,400
Amortisation for year 1,200
At 31 March 2024 3,600
NET BOOK VALUE
At 31 March 2024 8,400
At 31 March 2023 9,600

5. TANGIBLE FIXED ASSETS
Plant and Computer
machinery equipment Totals
£    £    £   
COST
At 1 April 2023 36,859 500 37,359
Additions 7,920 - 7,920
At 31 March 2024 44,779 500 45,279
DEPRECIATION
At 1 April 2023 11,247 219 11,466
Charge for year 8,383 70 8,453
At 31 March 2024 19,630 289 19,919
NET BOOK VALUE
At 31 March 2024 25,149 211 25,360
At 31 March 2023 25,612 281 25,893

Bristol Woodburners Ltd (Registered number: 13306113)

Notes to the Financial Statements - continued
for the Year Ended 31 March 2024

6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.3.24 31.3.23
£    £   
Trade debtors 8,277 3,822
Tax 688 -
Prepayments and accrued income - 1,300
8,965 5,122

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.3.24 31.3.23
£    £   
Trade creditors 8,985 12,523
Tax - 20,010
Social security and other taxes (4,252 ) (4,252 )
VAT 10,352 6,547
Other creditors 586 889
Pensions payable 286 1,245
Net wages creditor - (307 )
Accruals and deferred income 1,250 1,200
17,207 37,855

8. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
31.3.24 31.3.23
£    £   
Directors' loan accounts 76,772 66,459

9. RESERVES
Retained
earnings
£   

At 1 April 2023 43,514
Deficit for the year (1,096 )
Dividends (25,000 )
At 31 March 2024 17,418

10. DIRECTOR'S ADVANCES, CREDITS AND GUARANTEES

During the year, the Director was issued with £25,000 in dividends (£41,000 - 2023) and he was owed £76,772 (£66,458 - 2023) from the company at the year end. No interest is being charged on this amount.