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REGISTERED NUMBER: 04733454 (England and Wales)















UNAUDITED FINANCIAL STATEMENTS FOR THE YEAR ENDED 31ST MAY 2024

FOR

WOODWARD CARPETS LIMITED

WOODWARD CARPETS LIMITED (REGISTERED NUMBER: 04733454)






CONTENTS OF THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31ST MAY 2024




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


WOODWARD CARPETS LIMITED

COMPANY INFORMATION
FOR THE YEAR ENDED 31ST MAY 2024







DIRECTOR: Mr I Woodward





SECRETARY: Mrs S Woodward





REGISTERED OFFICE: 1 Bark Meadows
Dodworth
Barnsley
South Yorkshire
S75 3JB





REGISTERED NUMBER: 04733454 (England and Wales)





ACCOUNTANTS: Seaman Herbert & Co
36 - 40 Doncaster Road
Barnsley
South Yorkshire
S70 1TL

WOODWARD CARPETS LIMITED (REGISTERED NUMBER: 04733454)

BALANCE SHEET
31ST MAY 2024

2024 2023
Notes £    £    £    £   
FIXED ASSETS
Intangible assets 4 - -
Tangible assets 5 9,521 13,367
9,521 13,367

CURRENT ASSETS
Stocks 6 6,000 6,000
Debtors 7 13,115 18,085
Cash at bank 19,777 23,498
38,892 47,583
CREDITORS
Amounts falling due within one year 8 25,043 33,565
NET CURRENT ASSETS 13,849 14,018
TOTAL ASSETS LESS CURRENT
LIABILITIES

23,370

27,385

PROVISIONS FOR LIABILITIES 9 1,069 1,753
NET ASSETS 22,301 25,632

CAPITAL AND RESERVES
Called up share capital 10 2 2
Retained earnings 22,299 25,630
SHAREHOLDERS' FUNDS 22,301 25,632

WOODWARD CARPETS LIMITED (REGISTERED NUMBER: 04733454)

BALANCE SHEET - continued
31ST MAY 2024


The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31st May 2024.

The members have not required the company to obtain an audit of its financial statements for the year ended 31st May 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 Profit & Loss Account and Retained Earnings has not been delivered.

The financial statements were approved by the director and authorised for issue on 20th January 2025 and were signed by:





Mr I Woodward - Director


WOODWARD CARPETS LIMITED (REGISTERED NUMBER: 04733454)

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

1. STATUTORY INFORMATION

Woodward Carpets 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 2003, is being amortised evenly over its estimated useful life of twenty 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.
Fixtures and fittings - 10% on reducing balance
Motor vehicles - 20% on reducing balance
Computer equipment - 10% on reducing balance

Stocks
Stocks are valued at the lower of cost and net realisable value, after making due allowance for obsolete and slow moving items.

Taxation
Taxation for the year comprises current and deferred tax. Tax is recognised in the Profit & Loss Account 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.

WOODWARD CARPETS LIMITED (REGISTERED NUMBER: 04733454)

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

2. ACCOUNTING POLICIES - continued

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.

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.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 4 (2023 - 4 ) .

4. INTANGIBLE FIXED ASSETS
Goodwill
£   
COST
At 1st June 2023
and 31st May 2024 30,000
AMORTISATION
At 1st June 2023
and 31st May 2024 30,000
NET BOOK VALUE
At 31st May 2024 -
At 31st May 2023 -

5. TANGIBLE FIXED ASSETS
Fixtures
and Motor Computer
fittings vehicles equipment Totals
£    £    £    £   
COST
At 1st June 2023 10,195 45,298 3,138 58,631
Disposals - (9,650 ) - (9,650 )
At 31st May 2024 10,195 35,648 3,138 48,981
DEPRECIATION
At 1st June 2023 8,213 35,124 1,927 45,264
Charge for year 198 1,662 122 1,982
Eliminated on disposal - (7,786 ) - (7,786 )
At 31st May 2024 8,411 29,000 2,049 39,460
NET BOOK VALUE
At 31st May 2024 1,784 6,648 1,089 9,521
At 31st May 2023 1,982 10,174 1,211 13,367

WOODWARD CARPETS LIMITED (REGISTERED NUMBER: 04733454)

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

6. STOCKS
2024 2023
£    £   
Stocks 6,000 6,000

7. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Trade debtors 5,635 10,514
Other debtors 2,082 2,166
Prepayments 5,398 5,405
13,115 18,085

8. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Trade creditors 12,074 19,307
Tax - 2,022
VAT 7,052 7,752
Directors' current accounts 748 620
Accrued expenses 5,169 3,864
25,043 33,565

9. PROVISIONS FOR LIABILITIES
2024 2023
£    £   
Deferred tax 1,069 1,753

Deferred
tax
£   
Balance at 1st June 2023 1,753
Movement in the year (684 )
Balance at 31st May 2024 1,069

10. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 2024 2023
value: £    £   
2 ORDINARY £1 2 2

11. ULTIMATE CONTROLLING PARTY

The controlling party is Mr I Woodward.