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REGISTERED NUMBER: 02924252 (England and Wales)














FINANCIAL STATEMENTS

FOR THE YEAR ENDED 30 APRIL 2024

FOR

J W WOOD (DARLINGTON) LIMITED

J W WOOD (DARLINGTON) LIMITED (REGISTERED NUMBER: 02924252)






CONTENTS OF THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 APRIL 2024




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 3


J W WOOD (DARLINGTON) LIMITED

COMPANY INFORMATION
FOR THE YEAR ENDED 30 APRIL 2024







DIRECTORS: RS Johnson
C Clarkson





SECRETARY: Ribchesters Group Limited





REGISTERED OFFICE: 7 Old Elvet
Durham
County Durham
DH1 3HL





REGISTERED NUMBER: 02924252 (England and Wales)





ACCOUNTANTS: RMT Ribchesters
Accountants and Business Advisors
Finchale House
Belmont Business Park
Durham
DH1 1TW

J W WOOD (DARLINGTON) LIMITED (REGISTERED NUMBER: 02924252)

BALANCE SHEET
30 APRIL 2024

2024 2023
Notes £    £    £    £   
FIXED ASSETS
Intangible assets 4 1 1
Tangible assets 5 385 2,165
386 2,166

CURRENT ASSETS
Debtors 6 21,459 23,395
Cash at bank and in hand 9,005 6,794
30,464 30,189
CREDITORS
Amounts falling due within one year 7 480,807 437,778
NET CURRENT LIABILITIES (450,343 ) (407,589 )
TOTAL ASSETS LESS CURRENT
LIABILITIES

(449,957

)

(405,423

)

CAPITAL AND RESERVES
Called up share capital 9 200 200
Retained earnings (450,157 ) (405,623 )
SHAREHOLDERS' FUNDS (449,957 ) (405,423 )

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 30 April 2024.

The members have not required the company to obtain an audit of its financial statements for the year ended 30 April 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 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 Statement of Income and Retained Earnings has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 14 October 2024 and were signed on its behalf by:



RS Johnson - Director


J W WOOD (DARLINGTON) LIMITED (REGISTERED NUMBER: 02924252)

NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 APRIL 2024

1. STATUTORY INFORMATION

J W Wood (Darlington) 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.

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 represents net invoiced sales of services, excluding value added tax.

Turnover is recognised when the service is deemed to be complete to the extent that there is a right to consideration.

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.
Short leasehold - 15% on cost
Plant and machinery - 25% on reducing balance
Fixtures and fittings - 25% on reducing balance
Computer equipment - 25% on reducing balance

Taxation
Taxation for the year comprises current and deferred tax. Tax is recognised in the Statement of Income and Retained Earnings, 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.

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.

J W WOOD (DARLINGTON) LIMITED (REGISTERED NUMBER: 02924252)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 30 APRIL 2024

2. ACCOUNTING POLICIES - continued

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.

Going concern
The company continues to have a deficit on its reserves. The directors have adopted the going concern basis of accounting on the basis of the confirmed ongoing support from its parent company, J.W.Wood Limited.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 11 (2023 - 12 ) .

4. INTANGIBLE FIXED ASSETS
Goodwill
£   
COST
At 1 May 2023
and 30 April 2024 20,001
AMORTISATION
At 1 May 2023
and 30 April 2024 20,000
NET BOOK VALUE
At 30 April 2024 1
At 30 April 2023 1

5. TANGIBLE FIXED ASSETS
Plant and
Land and machinery
buildings etc Totals
£    £    £   
COST
At 1 May 2023 4,000 20,209 24,209
Disposals - (7,816 ) (7,816 )
At 30 April 2024 4,000 12,393 16,393
DEPRECIATION
At 1 May 2023 4,000 18,044 22,044
Charge for year - 1,384 1,384
Eliminated on disposal - (7,420 ) (7,420 )
At 30 April 2024 4,000 12,008 16,008
NET BOOK VALUE
At 30 April 2024 - 385 385
At 30 April 2023 - 2,165 2,165

J W WOOD (DARLINGTON) LIMITED (REGISTERED NUMBER: 02924252)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 30 APRIL 2024

6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Trade debtors 7,130 9,079
Other debtors 14,329 14,316
21,459 23,395

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Trade creditors 6,727 6,334
Amounts owed to group undertakings 384,253 342,533
Taxation and social security 18,457 17,463
Other creditors 71,370 71,448
480,807 437,778

8. LEASING AGREEMENTS

Minimum lease payments under non-cancellable operating leases fall due as follows:
2024 2023
£    £   
Within one year 5,241 5,399

9. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 2024 2023
value: £    £   
200 Ordinary £1 200 200

10. CONTINGENT LIABILITIES

The company has contingent liabilities in respect of a cross-guarantee with the bank borrowings of the following companies:

J.W. Wood Limited
J.W. Wood Commercial Limited
Homemove (Durham) Limited
Homemove (Chester-le-Street) Limited
Homemove (Professional) Limited
Homemove Direct Limited
Homemove Services North East Limited

11. RELATED PARTY DISCLOSURES

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 all related party transactions with wholly owned subsidiaries within the group.

J W WOOD (DARLINGTON) LIMITED (REGISTERED NUMBER: 02924252)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 30 APRIL 2024

11. RELATED PARTY DISCLOSURES - continued

The company is a wholly owned subsidiary of J.W. Wood Limited. Its registered office is 7 Old Elvet, Durham, County Durham, DH1 3HL.

The company has transactions with other companies where one or more directors are directors and/or shareholders in those companies. The total balances due to these other companies at the balance sheet date was £64,961 (2023: £63,185). No interest is due on these balances.