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REGISTERED NUMBER: 10707393 (England and Wales)















Unaudited Financial Statements for the Year Ended 30 April 2024

for

Wood & Son Ltd

Wood & Son Ltd (Registered number: 10707393)






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


Wood & Son Ltd

Company Information
for the Year Ended 30 April 2024







DIRECTOR: H Wood





REGISTERED OFFICE: 197 Garden Wood Road
East Grinstead
West Sussex
RH19 1SH





REGISTERED NUMBER: 10707393 (England and Wales)





ACCOUNTANTS: Bentleys Accounting Limited
Suite 6, 141/143 South Road
Haywards Heath
West Sussex
RH16 4LY

Wood & Son Ltd (Registered number: 10707393)

Balance Sheet
30 April 2024

30.4.24 30.4.23
Notes £    £    £    £   
FIXED ASSETS
Investment property 4 380,000 215,000

CURRENT ASSETS
Debtors 5 812,250 1,400,000
Cash at bank 573,319 15,788
1,385,569 1,415,788
CREDITORS
Amounts falling due within one year 6 1,739,042 1,617,125
NET CURRENT LIABILITIES (353,473 ) (201,337 )
TOTAL ASSETS LESS CURRENT
LIABILITIES

26,527

13,663

CAPITAL AND RESERVES
Called up share capital 1 1
Retained earnings 26,526 13,662
SHAREHOLDERS' FUNDS 26,527 13,663

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 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.

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 17 January 2025 and were signed by:





H Wood - Director


Wood & Son Ltd (Registered number: 10707393)

Notes to the Financial Statements
for the Year Ended 30 April 2024

1. STATUTORY INFORMATION

Wood & Son 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.

Investment property
Investment property is shown at most recent valuation. Any aggregate surplus or deficit arising from changes in fair value is recognised in profit or loss.

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.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 1 (2023 - 1 ) .

Wood & Son Ltd (Registered number: 10707393)

Notes to the Financial Statements - continued
for the Year Ended 30 April 2024

4. INVESTMENT PROPERTY
Total
£   
FAIR VALUE
At 1 May 2023 215,000
Additions 165,000
At 30 April 2024 380,000
NET BOOK VALUE
At 30 April 2024 380,000
At 30 April 2023 215,000

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
30.4.24 30.4.23
£    £   
Other debtors 800,000 1,400,000
Prepayments and accrued income 12,250 -
812,250 1,400,000

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
30.4.24 30.4.23
£    £   
Tax 3,072 873
Directors' current accounts 1,735,070 1,615,352
Accrued expenses 900 900
1,739,042 1,617,125

7. RELATED PARTY DISCLOSURES

During the period the company paid John Wood £ 84,542 and £ 25,000 to Harrison Wood. The Director 'Harrison Wood' is related to John Wood.