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REGISTERED NUMBER: 13332667 (England and Wales)








Unaudited Financial Statements

for the Year Ended

30 April 2024

for

Woods Farm Limited

Woods Farm Limited (Registered number: 13332667)






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


Woods Farm Limited

Company Information
for the Year Ended 30 April 2024







DIRECTORS: G T Gilbert
G R Gilbert





REGISTERED OFFICE: 643 Haslucks Green Road
Shirley
Solihull
West Midlands
B90 1DF





REGISTERED NUMBER: 13332667 (England and Wales)





ACCOUNTANTS: Nicklin Accountancy Services Limited
Church Court
Stourbridge Road
Halesowen
West Midlands
B63 3TT

Woods Farm Limited (Registered number: 13332667)

Balance Sheet
30 April 2024

2024 2023
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 153,919 78,951

CURRENT ASSETS
Stocks 57,750 45,250
Debtors 5 328,463 226,440
Cash at bank 8,969 102,743
395,182 374,433
CREDITORS
Amounts falling due within one year 6 79,037 104,418
NET CURRENT ASSETS 316,145 270,015
TOTAL ASSETS LESS CURRENT
LIABILITIES

470,064

348,966

PROVISIONS FOR LIABILITIES 22,166 14,367
NET ASSETS 447,898 334,599

CAPITAL AND RESERVES
Called up share capital 20 20
Retained earnings 447,878 334,579
447,898 334,599

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 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 19 November 2024 and were signed on its behalf by:





G T Gilbert - Director


Woods Farm Limited (Registered number: 13332667)

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

1. STATUTORY INFORMATION

Woods Farm 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.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Improvements to property - 10% on reducing balance
Plant and machinery - 20% on reducing balance
Fixtures and fittings - 20% on reducing balance
Motor vehicles - 20% on reducing balance

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.

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.

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 5 (2023 - 5 ) .

Woods Farm Limited (Registered number: 13332667)

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

4. TANGIBLE FIXED ASSETS
Improvements Fixtures
to Plant and and Motor
property machinery fittings vehicles Totals
£    £    £    £    £   
COST
At 1 May 2023 25,631 26,888 17,226 40,720 110,465
Additions 51,027 36,550 1,159 15,657 104,393
At 30 April 2024 76,658 63,438 18,385 56,377 214,858
DEPRECIATION
At 1 May 2023 4,147 6,634 6,074 14,659 31,514
Charge for year 7,255 11,364 2,462 8,344 29,425
At 30 April 2024 11,402 17,998 8,536 23,003 60,939
NET BOOK VALUE
At 30 April 2024 65,256 45,440 9,849 33,374 153,919
At 30 April 2023 21,484 20,254 11,152 26,061 78,951

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Trade debtors 597 14,601
Other debtors 327,866 211,839
328,463 226,440

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Trade creditors 30,937 21,434
Taxation and social security 12,733 39,294
Other creditors 35,367 43,690
79,037 104,418

7. RELATED PARTY DISCLOSURES

At the balance sheet date, the company owed the directors £17,805 (2023: £28,245).