Registered number
14208757
SW Woodland Management Limited
Unaudited Filleted Accounts
31 August 2024
SW Woodland Management Limited
Registered number: 14208757
Balance Sheet
as at 31 August 2024
Notes 2024 2023
£ £
Fixed assets
Intangible assets 3 44,458 49,958
Tangible assets 4 51,041 20,712
95,499 70,670
Current assets
Stocks 11,500 23,700
Debtors 5 42,055 34,389
Cash at bank and in hand 67,689 93,137
121,244 151,226
Creditors: amounts falling due within one year 6 (92,925) (170,594)
Net current assets/(liabilities) 28,319 (19,368)
Total assets less current liabilities 123,818 51,302
Provisions for liabilities (7,939) (1,094)
Net assets 115,879 50,208
Capital and reserves
Called up share capital 2 2
Profit and loss account 115,877 50,206
Shareholders' funds 115,879 50,208
The directors are satisfied that the company is entitled to exemption from the requirement to obtain an audit under section 477 of the Companies Act 2006.
The members have not required the company to obtain an audit in accordance with section 476 of the Act.
The directors acknowledge their responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of accounts.
The accounts have been prepared and delivered in accordance with the special provisions applicable to companies subject to the small companies regime. The profit and loss account has not been delivered to the Registrar of Companies.
Mr J W Weeks
Director
Approved by the board on 13 January 2025
SW Woodland Management Limited
Notes to the Accounts
for the year ended 31 August 2024
1 Accounting policies
Basis of preparation
The accounts have been prepared under the historical cost convention and in accordance with FRS 102, The Financial Reporting Standard applicable in the UK and Republic of Ireland (as applied to small entities by section 1A of the standard).The financial statements are presented in sterling which is the functional currency of the company and are rounded to the nearest £.
Turnover
Turnover is measured at the fair value of the consideration received or receivable, net of discounts and value added taxes. Turnover includes revenue earned from the rendering of services. Turnover from the rendering of services is recognised by reference to the stage of completion of the contract.
Intangible fixed assets
Intangible fixed assets are measured at cost less accumulative amortisation and any accumulative impairment losses.
Tangible fixed assets
Tangible fixed assets are measured at cost less accumulative depreciation and any accumulative impairment losses. Depreciation is provided on all tangible fixed assets, other than freehold land, at rates calculated to write off the cost, less estimated residual value, of each asset evenly over its expected useful life, as follows:
Motor vehicles 25% reducing balance
Plant and machinery 20% reducing balance/ 33% straight line
Stocks
Stocks are measured at the lower of cost and estimated selling price less costs to complete and sell. Cost is determined using the first in first out method. The carrying amount of stock sold is recognised as an expense in the period in which the related revenue is recognised.
Debtors/creditors receivable/payable within one year
Debtors and creditors with no stated interest rate and receivable/payable within one year are recorded at transaction price. Any losses from impairment are recognised in the profit and loss account in other administrative expenses.
Taxation
A current tax liability is recognised for the tax payable on the taxable profit of the current and past periods. A current tax asset is recognised in respect of a tax loss that can be carried back to recover tax paid in a previous period. Deferred tax is recognised in respect of all timing differences between the recognition of income and expenses in the financial statements and their inclusion in tax assessments. 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. Deferred tax is measured using the tax rates and laws that have been enacted or substantively enacted by the reporting date and that are expected to apply to the reversal of the timing difference, except for revalued land and investment property where the tax rate that applies to the sale of the asset is used. Current and deferred tax assets and liabilities are not discounted.
Provisions
Provisions (ie liabilities of uncertain timing or amount) are recognised when there is an obligation at the reporting date as a result of a past event, it is probable that economic benefit will be transferred to settle the obligation and the amount of the obligation can be estimated reliably.
Pensions
Contributions to defined contribution plans are expensed in the period to which they relate.
2 Employees 2024 2023
Number Number
Average number of persons employed by the company 3 3
3 Intangible fixed assets £
Goodwill:
Cost
At 1 September 2023 55,000
At 31 August 2024 55,000
Amortisation
At 1 September 2023 5,042
Provided during the year 5,500
At 31 August 2024 10,542
Net book value
At 31 August 2024 44,458
At 31 August 2023 49,958
Goodwill is being written off in equal annual instalments over its estimated economic life of 10 years.
4 Tangible fixed assets
Plant and machinery etc Motor vehicles Total
£ £ £
Cost
At 1 September 2023 3,021 23,495 26,516
Additions 3,158 57,327 60,485
Disposals - (17,500) (17,500)
At 31 August 2024 6,179 63,322 69,501
Depreciation
At 1 September 2023 700 5,104 5,804
Charge for the year 1,383 18,656 20,039
On disposals - (7,383) (7,383)
At 31 August 2024 2,083 16,377 18,460
Net book value
At 31 August 2024 4,096 46,945 51,041
At 31 August 2023 2,321 18,391 20,712
5 Debtors 2024 2023
£ £
Trade debtors 39,765 27,390
Other debtors 2,290 6,999
42,055 34,389
6 Creditors: amounts falling due within one year 2024 2023
£ £
Trade creditors 641 29,670
Taxation and social security costs 53,228 1,118
Other creditors 39,056 139,806
92,925 170,594
7 Related party transactions
In the year, there were intercompany loans from/(to) the following related close companies controlled by the directors:
2024 2023
£ £
Weeks Forestry Limited (28,350) (128,350)
Weeks Holdings Limited 2 2
(28,348) (128,348)
8 Other information
SW Woodland Management Limited is a private company limited by shares and incorporated in England. Its registered office is:
5 Providence Court
Pynes Hill
Exeter
Devon
EX2 5JL
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