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REGISTERED NUMBER: 05993198 (England and Wales)















WOODS MASONRY & CONSTRUCTION LIMITED

UNAUDITED FINANCIAL STATEMENTS FOR THE YEAR ENDED 31ST MARCH 2






WOODS MASONRY & CONSTRUCTION LIMITED (REGISTERED NUMBER: 05993198)






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


WOODS MASONRY & CONSTRUCTION LIMITED

COMPANY INFORMATION
FOR THE YEAR ENDED 31ST MARCH 2024







DIRECTORS: S Wood
V M Wood





SECRETARY: V M Wood





REGISTERED OFFICE: Woodhaven
57A Stubley Lane
Dronfield
Derbyshire
S18 1PG





REGISTERED NUMBER: 05993198 (England and Wales)





ACCOUNTANTS: Ian R Collins & Co
The Bridge House
Mill Lane
Dronfield
Derbyshire
S18 2XL

WOODS MASONRY & CONSTRUCTION LIMITED (REGISTERED NUMBER: 05993198)

BALANCE SHEET
31ST MARCH 2024

2024 2023
Notes £    £   
FIXED ASSETS
Intangible assets 4 - -
Tangible assets 5 30,382 42,762
30,382 42,762

CURRENT ASSETS
Stocks 25,000 -
Debtors 6 7,541 6,800
Cash at bank and in hand 7,642 31,820
40,183 38,620
CREDITORS
Amounts falling due within one
year

7

(106,045

)

(51,032

)
NET CURRENT LIABILITIES (65,862 ) (12,412 )
TOTAL ASSETS LESS
CURRENT LIABILITIES

(35,480

)

30,350

CREDITORS
Amounts falling due after more
than one year

8

(6,712

)

(10,952

)

PROVISIONS FOR LIABILITIES (5,773 ) (8,125 )
NET (LIABILITIES)/ASSETS (47,965 ) 11,273

WOODS MASONRY & CONSTRUCTION LIMITED (REGISTERED NUMBER: 05993198)

BALANCE SHEET - continued
31ST MARCH 2024

2024 2023
Notes £    £   
CAPITAL AND RESERVES
Called up share capital 2 2
Retained earnings (47,967 ) 11,271
SHAREHOLDERS' FUNDS (47,965 ) 11,273

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.

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 26th June 2024 and were signed on its behalf by:





S Wood - Director


WOODS MASONRY & CONSTRUCTION LIMITED (REGISTERED NUMBER: 05993198)

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

1. STATUTORY INFORMATION

Woods Masonry & Construction 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 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 2007, is being amortised evenly over its estimated useful life of five 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 or, if held under a finance lease, over the lease term, whichever is the shorter.
Plant and machinery etc - 33% on cost, 25% on cost and 10% on cost

Stocks
Work in progress is valued at the lower of cost and net realisable value.

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.


WOODS MASONRY & CONSTRUCTION LIMITED (REGISTERED NUMBER: 05993198)

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

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.

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 (2023 - 2 ) .

WOODS MASONRY & CONSTRUCTION LIMITED (REGISTERED NUMBER: 05993198)

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

4. INTANGIBLE FIXED ASSETS
Goodwill
£   
COST
At 1st April 2023
and 31st March 2024 25,000
AMORTISATION
At 1st April 2023
and 31st March 2024 25,000
NET BOOK VALUE
At 31st March 2024 -
At 31st March 2023 -

5. TANGIBLE FIXED ASSETS
Plant and
machinery
etc
£   
COST
At 1st April 2023
and 31st March 2024 87,248
DEPRECIATION
At 1st April 2023 44,486
Charge for year 12,380
At 31st March 2024 56,866
NET BOOK VALUE
At 31st March 2024 30,382
At 31st March 2023 42,762

WOODS MASONRY & CONSTRUCTION LIMITED (REGISTERED NUMBER: 05993198)

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

5. TANGIBLE FIXED ASSETS - continued

Fixed assets, included in the above, which are held under hire purchase contracts are as follows:

Plant and
machinery
etc
£   
COST
At 1st April 2023
and 31st March 2024 25,650
DEPRECIATION
At 1st April 2023 8,333
Charge for year 11,995
At 31st March 2024 20,328
NET BOOK VALUE
At 31st March 2024 5,322
At 31st March 2023 17,317

6. DEBTORS: AMOUNTS FALLING DUE WITHIN
ONE YEAR
2024 2023
£    £   
Other debtors 7,541 6,800

7. CREDITORS: AMOUNTS FALLING DUE WITHIN
ONE YEAR
2024 2023
£    £   
Hire purchase contracts 4,239 9,049
Trade creditors 323 4,240
Taxation and social security 3,952 4,431
Other creditors 97,531 33,312
106,045 51,032

WOODS MASONRY & CONSTRUCTION LIMITED (REGISTERED NUMBER: 05993198)

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

8. CREDITORS: AMOUNTS FALLING DUE AFTER
MORE THAN ONE YEAR
2024 2023
£    £   
Hire purchase contracts 6,712 10,952

9. ULTIMATE CONTROLLING PARTY

The company is controlled by both S Wood and V M Wood ,each having 50% shareholding in the company.