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REGISTERED NUMBER: 02584429 (England and Wales)















UNAUDITED FINANCIAL STATEMENTS FOR THE YEAR ENDED 29 FEBRUARY 2024

FOR

THE WOODWORK DUST CONTROL COMPANY LTD

THE WOODWORK DUST CONTROL COMPANY LTD (REGISTERED NUMBER: 02584429)






CONTENTS OF THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 29 FEBRUARY 2024




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


THE WOODWORK DUST CONTROL COMPANY LTD

COMPANY INFORMATION
FOR THE YEAR ENDED 29 FEBRUARY 2024







DIRECTORS: T G Greenwood
V L Wilson





REGISTERED OFFICE: Rushbeds Industrial Estate
Wotton Road
Brill
Buckinghamshire
HP18 9UB





REGISTERED NUMBER: 02584429 (England and Wales)





ACCOUNTANTS: Astral Accountancy Services Limited
Astral House
Granville Way
Bicester
Oxfordshire
OX26 4JT

THE WOODWORK DUST CONTROL COMPANY LTD (REGISTERED NUMBER: 02584429)

BALANCE SHEET
29 FEBRUARY 2024

2024 2023
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 120,115 128,922

CURRENT ASSETS
Stocks 20,495 21,945
Debtors 5 124,958 221,033
Cash at bank 358,513 288,755
503,966 531,733
CREDITORS
Amounts falling due within one year 6 104,647 192,327
NET CURRENT ASSETS 399,319 339,406
TOTAL ASSETS LESS CURRENT
LIABILITIES

519,434

468,328

CREDITORS
Amounts falling due after more than one
year

7

(14,167

)

(27,770

)

PROVISIONS FOR LIABILITIES 8 (57,583 ) (60,993 )
NET ASSETS 447,684 379,565

CAPITAL AND RESERVES
Called up share capital 9 500 500
Capital redemption reserve 500 500
Retained earnings 446,684 378,565
SHAREHOLDERS' FUNDS 447,684 379,565

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 29 February 2024.

The members have not required the company to obtain an audit of its financial statements for the year ended 29 February 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.

THE WOODWORK DUST CONTROL COMPANY LTD (REGISTERED NUMBER: 02584429)

BALANCE SHEET - continued
29 FEBRUARY 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 29 November 2024 and were signed on its behalf by:





V L Wilson - Director


THE WOODWORK DUST CONTROL COMPANY LTD (REGISTERED NUMBER: 02584429)

NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 29 FEBRUARY 2024

1. STATUTORY INFORMATION

The Woodwork Dust Control Company 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.

Significant judgements and estimates
The preparation of financial statements requires the use of certain critical accounting estimates. It also requires management to exercise its judgement in the process of applying accounting policies. The areas involving a higher degree of judgement or complexity, or areas where assumptions and estimates are significant to the financial statements, are disclosed in the accounting policies below.

Estimates and judgements are continually evaluated and are based on historical experience and other factors, including expectations of future events that are believed to be reasonable under the circumstances.

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

Revenue is recognised for the sale of goods when the significant risks and rewards of ownership of the goods have passed to the buyer (usually on the dispatch of goods), the amount of revenue can be measured reliably, it is probable that the economic benefit will flow to the entity and the costs incurred or to be incurred in respect of the transaction can be measured reliably.

Revenue is recognised for the provision of services when it is probable that an economic benefit will flow to the entity and the Revenue costs can be reliably measured. For continuing services, revenue is recognised when the stage of completion can be reliably measured.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life or, if held under a finance lease, over the lease term, whichever is the shorter.
Improvements to property - not provided
Plant and machinery - 15% on reducing balance
Fixtures and fittings - 15% on reducing balance
Motor vehicles - 25% on reducing balance
Computer equipment - 33% on reducing balance

No depreciation is provided in respect of the improvements to property. This conflicts with the requirements of the Companies Act 2006 that all tangible assets should be depreciated. The directors consider that, as the property is being fully maintained and its value is not diminishing, to depreciate it would not give a true and fair view.

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


THE WOODWORK DUST CONTROL COMPANY LTD (REGISTERED NUMBER: 02584429)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 29 FEBRUARY 2024

2. ACCOUNTING POLICIES - continued
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.

Foreign currencies
Assets and liabilities in foreign currencies are translated into sterling at the rates of exchange ruling at the balance sheet date. Transactions in foreign currencies are translated into sterling at the rate of exchange ruling at the date of transaction. Exchange differences are taken into account in arriving at the operating result.

Hire purchase and leasing commitments
Assets obtained under hire purchase contracts or finance leases are capitalised in the balance sheet. Those held under hire purchase contracts are depreciated over their estimated useful lives. Those held under finance leases are depreciated over their estimated useful lives or the lease term, whichever is the shorter.

The interest element of these obligations is charged to profit or loss over the relevant period. The capital element of the future payments is treated as a liability.

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 14 (2023 - 12 ) .

THE WOODWORK DUST CONTROL COMPANY LTD (REGISTERED NUMBER: 02584429)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 29 FEBRUARY 2024

4. TANGIBLE FIXED ASSETS
Improvements Fixtures
to Plant and and
property machinery fittings
£    £    £   
COST
At 1 March 2023 26,316 110,556 9,345
Additions - 1,979 251
At 29 February 2024 26,316 112,535 9,596
DEPRECIATION
At 1 March 2023 - 72,041 8,245
Charge for year - 6,074 202
At 29 February 2024 - 78,115 8,447
NET BOOK VALUE
At 29 February 2024 26,316 34,420 1,149
At 28 February 2023 26,316 38,515 1,100

Motor Computer
vehicles equipment Totals
£    £    £   
COST
At 1 March 2023 118,962 28,965 294,144
Additions 12,990 2,304 17,524
At 29 February 2024 131,952 31,269 311,668
DEPRECIATION
At 1 March 2023 59,499 25,437 165,222
Charge for year 18,113 1,942 26,331
At 29 February 2024 77,612 27,379 191,553
NET BOOK VALUE
At 29 February 2024 54,340 3,890 120,115
At 28 February 2023 59,463 3,528 128,922

THE WOODWORK DUST CONTROL COMPANY LTD (REGISTERED NUMBER: 02584429)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 29 FEBRUARY 2024

4. TANGIBLE FIXED ASSETS - continued

Fixed assets, included in the above, which are held under hire purchase contracts are as follows:
Motor
vehicles
£   
COST
At 1 March 2023
and 29 February 2024 26,995
DEPRECIATION
At 1 March 2023 11,810
Charge for year 3,796
At 29 February 2024 15,606
NET BOOK VALUE
At 29 February 2024 11,389
At 28 February 2023 15,185

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Trade debtors 28,199 114,076
Other debtors 78,428 92,642
Prepayments 18,331 14,315
124,958 221,033

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Bank loans and overdrafts 10,000 10,896
Hire purchase contracts 4,499 4,499
Trade creditors 25,734 82,505
Tax 5,028 38,238
Social security and other taxes 51,784 46,520
Other creditors 1,685 1,612
Directors' current accounts 2,493 4,633
Accrued expenses 3,424 3,424
104,647 192,327

7. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
2024 2023
£    £   
Bank loans - more than 1 year 14,167 23,271
Hire purchase contracts - 4,499
14,167 27,770

THE WOODWORK DUST CONTROL COMPANY LTD (REGISTERED NUMBER: 02584429)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 29 FEBRUARY 2024

8. PROVISIONS FOR LIABILITIES
2024 2023
£    £   
Deferred tax 20,443 27,103
Other provisions 37,140 33,890
57,583 60,993

Deferred Other
tax provisions
£    £   
Balance at 1 March 2023 27,103 33,890
(Credit)/charge to Income Statement during year (6,660 ) 3,250
Balance at 29 February 2024 20,443 37,140

9. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 2024 2023
value: £    £   
500 Ordinary 1 500 500