IRIS Accounts Production v24.3.0.553 04149336 Board of Directors 1.4.23 31.3.24 31.3.24 true false true false false true false iso4217:GBPiso4217:USDiso4217:EURxbrli:sharesxbrli:pureutr:tonnesutr:kWh041493362023-03-31041493362024-03-31041493362023-04-012024-03-31041493362022-03-31041493362022-04-012023-03-31041493362023-03-3104149336ns15:EnglandWales2023-04-012024-03-3104149336ns14:PoundSterling2023-04-012024-03-3104149336ns10:Director12023-04-012024-03-3104149336ns10:PrivateLimitedCompanyLtd2023-04-012024-03-3104149336ns10:SmallEntities2023-04-012024-03-3104149336ns10:AuditExempt-NoAccountantsReport2023-04-012024-03-3104149336ns10:SmallCompaniesRegimeForDirectorsReport2023-04-012024-03-3104149336ns10:SmallCompaniesRegimeForAccounts2023-04-012024-03-3104149336ns10:FullAccounts2023-04-012024-03-3104149336ns10:Director22023-04-012024-03-3104149336ns10:CompanySecretary12023-04-012024-03-3104149336ns10:RegisteredOffice2023-04-012024-03-3104149336ns5:CurrentFinancialInstruments2024-03-3104149336ns5:CurrentFinancialInstruments2023-03-3104149336ns5:Non-currentFinancialInstruments2024-03-3104149336ns5:Non-currentFinancialInstruments2023-03-3104149336ns5:ShareCapital2024-03-3104149336ns5:ShareCapital2023-03-3104149336ns5:RetainedEarningsAccumulatedLosses2024-03-3104149336ns5:RetainedEarningsAccumulatedLosses2023-03-3104149336ns5:PlantMachinery2023-04-012024-03-3104149336ns5:ComputerEquipment2023-04-012024-03-3104149336ns5:PlantMachinery2023-03-3104149336ns5:PlantMachinery2024-03-3104149336ns5:PlantMachinery2023-03-3104149336ns5:CostValuation2023-03-3104149336ns5:WithinOneYearns5:CurrentFinancialInstruments2024-03-3104149336ns5:WithinOneYearns5:CurrentFinancialInstruments2023-03-3104149336ns5:Secured2024-03-3104149336ns5:Secured2023-03-31041493361ns10:Director12023-03-31041493361ns10:Director12022-03-31041493361ns10:Director12023-04-012024-03-31041493361ns10:Director12022-04-012023-03-31041493361ns10:Director12024-03-31041493361ns10:Director12023-03-31
REGISTERED NUMBER: 04149336 (England and Wales)















WOODSETT HOMES LIMITED

UNAUDITED FINANCIAL STATEMENTS FOR THE YEAR ENDED 31ST MARCH 2024






WOODSETT HOMES LIMITED (REGISTERED NUMBER: 04149336)

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










Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


WOODSETT HOMES LIMITED

COMPANY INFORMATION
FOR THE YEAR ENDED 31ST MARCH 2024







DIRECTORS: A Gilbert
E J Gilbert





SECRETARY: A Gilbert





REGISTERED OFFICE: W H Prior
Railway Court
Doncaster
South Yorkshire
DN4 5FB





REGISTERED NUMBER: 04149336 (England and Wales)





ACCOUNTANTS: W H Prior
Chartered Certified Accountants
Railway Court
Off Ten Pound Walk
Doncaster
South Yorkshire
DN4 5FB

WOODSETT HOMES LIMITED (REGISTERED NUMBER: 04149336)

BALANCE SHEET
31ST MARCH 2024

2024 2023
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 5 16,370 16,700
Investments 6 11 11
16,381 16,711

CURRENT ASSETS
Stocks 399,850 1,304,433
Debtors 7 1,569,879 623,829
Cash at bank - 150,000
1,969,729 2,078,262
CREDITORS
Amounts falling due within one year 8 1,529,431 1,337,325
NET CURRENT ASSETS 440,298 740,937
TOTAL ASSETS LESS CURRENT
LIABILITIES

456,679

757,648

CREDITORS
Amounts falling due after more than one
year

9

(13,333

)

(23,333

)

PROVISIONS FOR LIABILITIES - (4,175 )
NET ASSETS 443,346 730,140

CAPITAL AND RESERVES
Called up share capital 10 10
Retained earnings 443,336 730,130
SHAREHOLDERS' FUNDS 443,346 730,140

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

The members have not required the company to obtain an audit of its financial statements for the year ended 31st 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.

WOODSETT HOMES LIMITED (REGISTERED NUMBER: 04149336)

BALANCE SHEET - continued
31ST 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 25th November 2024 and were signed on its behalf by:





A Gilbert - Director


WOODSETT HOMES LIMITED (REGISTERED NUMBER: 04149336)

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


1. STATUTORY INFORMATION

Woodsett Homes 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. STATEMENT OF COMPLIANCE

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.

3. ACCOUNTING POLICIES

Basis of preparing the financial statements
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 net of VAT and trade discounts. The policies adopted for the recognition of turnover are as follows:

Sale of goods - Turnover from the sale of goods is recognised at the point of sale.

Rendering of services - Turnover from the provision of services is recognised on completion of the service and, for engagements spanning the balance sheet date, it is recognised by reference to the stage of completion at the balance sheet date.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Plant and machinery - 15% on reducing balance
Computer equipment - 20% on cost

Investments in subsidiaries
Investments in subsidiary undertakings are recognised at cost.

Stocks
Work in progress is valued at the lower of cost and net realisable value, apart from service contracts spanning the balance sheet date where the valuation takes into account the stage of the work undertaken, and the value of the contract.

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.


WOODSETT HOMES LIMITED (REGISTERED NUMBER: 04149336)

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


3. 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.

4. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 9 (2023 - 8 ) .

5. TANGIBLE FIXED ASSETS
Plant and
machinery
etc
£   
COST
At 1st April 2023 42,532
Additions 4,059
At 31st March 2024 46,591
DEPRECIATION
At 1st April 2023 25,832
Charge for year 4,389
At 31st March 2024 30,221
NET BOOK VALUE
At 31st March 2024 16,370
At 31st March 2023 16,700

6. FIXED ASSET INVESTMENTS
Shares in
group
undertakings
£   
COST
At 1st April 2023
and 31st March 2024 11
NET BOOK VALUE
At 31st March 2024 11
At 31st March 2023 11

WOODSETT HOMES LIMITED (REGISTERED NUMBER: 04149336)

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


7. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Trade debtors 391,774 59,362
Amounts recoverable on contract 746,862 502,500
Other debtors 431,243 61,967
1,569,879 623,829

8. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Bank loans and overdrafts 26,778 25,895
Trade creditors 22,251 80,227
Taxation and social security 57,993 44,740
Other creditors 1,422,409 1,186,463
1,529,431 1,337,325

9. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR
2024 2023
£    £   
Bank loans 13,333 23,333

10. SECURED DEBTS

The following secured debts are included within creditors:

2024 2023
£    £   
Bank overdrafts 16,778 15,895
Bank loans 23,333 33,333
40,111 49,228

The bank loans and overdraft are secured by means of charges over land and property owned by the company and by a fixed and floating charge over the assets and undertaking of the company.

11. DIRECTORS' ADVANCES, CREDITS AND GUARANTEES

The following advances and credits to a director subsisted during the years ended 31st March 2024 and 31st March 2023:

2024 2023
£    £   
A Gilbert
Balance outstanding at start of year (29,993 ) (105 )
Amounts advanced 41,422 -
Amounts repaid - (29,888 )
Amounts written off - -
Amounts waived - -
Balance outstanding at end of year 11,429 (29,993 )

WOODSETT HOMES LIMITED (REGISTERED NUMBER: 04149336)

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


12. RELATED PARTY DISCLOSURES

The company has received loans from Global Developments (UK) Limited, a company under the control of Mr. A. Gilbert. As at the balance sheet date the net amount of the loan was £958,259 (2023: £911,134) owing to Global Developments (UK) Limited. This loan is unsecured and interest free.Trading transactions have taken place between Global Developments UK Limited and Woodsett Homes Limited during the year which are regarded as having been transacted under normal commercial terms.£231,000 was owing to Woodsett Homes Limited by Global Developments (UK) Limited at the balance sheet date in connection with these trading transactions.In addition Woodsett Homes Limited were owed £409,500 by Global Developments (UK) LImited at the balance sheet date in connection with a land loan advanced by Woodsett Homes Limited during the year.

The company has advanced loans to Direct Scaffold Doncaster Limited, a company also under the control of Mr. A. Gilbert. As at the balance sheet date the loan owing by Direct Scaffold Doncaster Limited was £55,774 (2023: £59,362). This loan is unsecured and interest free.

The company has also received loans from Direct Scaffold Services Limited, a company also under the control of Mr. A. Gilbert. As at the balance sheet date the loan owing to Direct Scaffold Services Limited was £454,551 (2022: £231,792). This loan is unsecured and interest free.In addition trading transactions have taken place between Direct Scaffold Services Limited and Woodsett Homes Limited during the year which are regarded as having been transacted under normal commercial terms, and in connection with which £105,000 was owing by Direct Scaffold Services Limited to Woodsett Homes Limited at the balance sheet date.

13. ULTIMATE CONTROLLING PARTY

Adam Gilbert, who holds 100% of the issued share capital of the company, is the ultimate controlling party.