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Company Registration No. 08956135 (England and Wales)
Woodcraft Solutions Limited Unaudited accounts for the year ended 31 May 2024
Woodcraft Solutions Limited Unaudited accounts Contents
Page
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Woodcraft Solutions Limited Company Information for the year ended 31 May 2024
Director
Jonathan Shorten
Company Number
08956135 (England and Wales)
Registered Office
3 Ipswich Grove Norwich Norfolk NR2 2LU
Accountants
Mrs A C Howell 13 Ipswich Grove Norwich Norfolk NR2 2LU
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Woodcraft Solutions Limited Statement of financial position as at 31 May 2024
2024 
2023 
Notes
£ 
£ 
Fixed assets
Tangible assets
36,842 
16,787 
Current assets
Debtors
130,882 
70,225 
Cash at bank and in hand
121,698 
140,294 
252,580 
210,519 
Creditors: amounts falling due within one year
(137,983)
(126,744)
Net current assets
114,597 
83,775 
Total assets less current liabilities
151,439 
100,562 
Provisions for liabilities
Deferred tax
(9,211)
(3,190)
Net assets
142,228 
97,372 
Capital and reserves
Called up share capital
350 
350 
Profit and loss account
141,878 
97,022 
Shareholders' funds
142,228 
97,372 
For the year ending 31 May 2024 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies. The members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.
The director acknowledges his responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.
These accounts have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies' regime and in accordance with the provisions of FRS 102 Section 1A - Small Entities. The profit and loss account has not been delivered to the Registrar of Companies.
The financial statements were approved by the Board and authorised for issue on 20 January 2025 and were signed on its behalf by
Jonathan Shorten Director Company Registration No. 08956135
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Woodcraft Solutions Limited Notes to the Accounts for the year ended 31 May 2024
1
Statutory information
Woodcraft Solutions Limited is a private company, limited by shares, registered in England and Wales, registration number 08956135. The registered office is 3 Ipswich Grove, Norwich, Norfolk, NR2 2LU.
2
Compliance with accounting standards
The accounts have been prepared in accordance with the provisions of FRS 102 Section 1A Small Entities. There were no material departures from that standard.
3
Accounting policies
The principal accounting policies adopted in the preparation of the financial statements are set out below and have remained unchanged from the previous year, and also have been consistently applied within the same accounts.
Basis of preparation
The accounts have been prepared under the historical cost convention as modified by the revaluation of certain fixed assets.
Presentation currency
The accounts are presented in £ sterling.
Turnover
Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes. Turnover from the sale of goods is recognised when goods have been delivered to customers such that risks and rewards of ownership have transferred to them. Turnover from the rendering of services is recognised by reference to the stage of completion of the contract. The stage of completion of a contract is measured by comparing the costs incurred for work performed to date to the total estimated contract costs.
Tangible fixed assets and depreciation
Tangible assets are included at cost less depreciation and impairment. Depreciation has been provided at the following rates in order to write off the assets over their estimated useful lives:
Plant & machinery
25% reducing balance
Motor vehicles
25% reducing balance
Computer equipment
25% reducing balance
Deferred taxation
Deferred tax arises as a result of including items of income and expenditure in taxation computations in periods different from those in which they are included in the company's accounts. Deferred tax is provided in full on timing differences which result in an obligation to pay more (or less) tax at a future date, at the average tax rates that are expected to apply when the timing differences reverse, based on current tax rates and laws. Deferred tax assets and liabilities are not discounted.
Pension costs
The company operates a defined contribution scheme for the benefit of its employees. Contributions payable are recognised in the profit and loss account when due.
Government grants
Government grants in relation to tangible fixed assets are credited to profit and loss account over the useful lives of the related assets, whereas those in relation to expenditure are credited when the expenditure is charged to profit and loss.
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Woodcraft Solutions Limited Notes to the Accounts for the year ended 31 May 2024
4
Tangible fixed assets
Plant & machinery 
Motor vehicles 
Computer equipment 
Total 
£ 
£ 
£ 
£ 
Cost or valuation
At cost 
At cost 
At cost 
At 1 June 2023
8,590 
54,019 
9,632 
72,241 
Additions
1,063 
36,300 
125 
37,488 
Disposals
- 
(28,941)
- 
(28,941)
At 31 May 2024
9,653 
61,378 
9,757 
80,788 
Depreciation
At 1 June 2023
5,289 
44,284 
5,881 
55,454 
Charge for the year
1,091 
10,221 
970 
12,282 
On disposals
- 
(23,790)
- 
(23,790)
At 31 May 2024
6,380 
30,715 
6,851 
43,946 
Net book value
At 31 May 2024
3,273 
30,663 
2,906 
36,842 
At 31 May 2023
3,301 
9,735 
3,751 
16,787 
5
Debtors
2024 
2023 
£ 
£ 
Amounts falling due within one year
Trade debtors
130,882 
70,225 
6
Creditors: amounts falling due within one year
2024 
2023 
£ 
£ 
Trade creditors
47,415 
73,807 
Taxes and social security
55,592 
40,370 
Other creditors
538 
931 
Loans from directors
5,321 
409 
Accruals
29,117 
11,227 
137,983 
126,744 
7
Transactions with related parties
The director provided the company with an unsecured interest free loan on balances outstanding at the year end. At the year end this amounted to £5,321 (2023: £409).
8
Average number of employees
During the year the average number of employees was 2 (2023: 2).
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