Woodslea Ltd |
Notes to the Accounts |
for the year ended 31 December 2024 |
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1 |
Accounting policies |
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Basis of preparation |
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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). |
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Tangible fixed assets |
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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: |
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Equipment |
over 4 years |
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Creditors |
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Short term creditors are measured at transaction price (which is usually the invoice price). Loans and other financial liabilities are initially recognised at transaction price net of any transaction costs and subsequently measured at amortised cost determined using the effective interest method. |
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Provisions |
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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. |
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2 |
Employees |
2024 |
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2023 |
Number |
Number |
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Average number of persons employed by the company |
1 |
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2 |
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3 |
Tangible fixed assets |
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Equipment |
£ |
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Cost |
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At 1 January 2024 |
5,336 |
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Additions |
1,464 |
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At 31 December 2024 |
6,800 |
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Depreciation |
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At 1 January 2024 |
4,127 |
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Charge for the year |
769 |
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At 31 December 2024 |
4,896 |
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Net book value |
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At 31 December 2024 |
1,904 |
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At 31 December 2023 |
1,209 |
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4 |
Debtors |
2024 |
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2023 |
£ |
£ |
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Trade debtors |
4,654 |
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1,954 |
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Other debtors |
15 |
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- |
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4,669 |
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1,954 |
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5 |
Creditors: amounts falling due within one year |
2024 |
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2023 |
£ |
£ |
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Amounts owed to directors |
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35,795 |
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39,508 |
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Taxation and social security costs |
152 |
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- |
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Other creditors |
528 |
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506 |
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36,475 |
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40,014 |
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6 |
Controlling party |
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The directors are the sole shareholders of the company. |
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7 |
Other information |
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Woodslea Ltd is a private company limited by shares and incorporated in England. Its registered office is: |
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21 Cambridge Square |
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Redhill |
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Surrey |
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RH1 6TG |