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REGISTERED NUMBER: 06235739 (England and Wales)















Unaudited Financial Statements for the Year Ended 30 May 2024

for

Woods Commercial Ltd.

Woods Commercial Ltd. (Registered number: 06235739)






Contents of the Financial Statements
for the Year Ended 30 May 2024




Page

Company Information 1

Chartered Accountants' Report 2

Statement of Financial Position 3

Notes to the Financial Statements 5


Woods Commercial Ltd.

Company Information
for the Year Ended 30 May 2024







DIRECTOR: W H Wood





REGISTERED OFFICE: 147a High Street
Waltham Cross
Hertfordshire
EN8 7AP





REGISTERED NUMBER: 06235739 (England and Wales)





ACCOUNTANTS: Thickbroom Coventry Limited
Chartered Accountants
147a High Street
Waltham Cross
EN8 7AP

Chartered Accountants' Report to the Director
on the Unaudited Financial Statements of
Woods Commercial Ltd.

The following reproduces the text of the report prepared for the director in respect of the company's annual unaudited financial statements. In accordance with the Companies Act 2006, the company is only required to file a Statement of Financial Position. Readers are cautioned that the Income Statement and certain other primary statements and the Director's Report are not required to be filed with the Registrar of Companies.

In order to assist you to fulfil your duties under the Companies Act 2006, we have prepared for your approval the financial statements of Woods Commercial Ltd. for the year ended 30 May 2024 which comprise the Statement of Income and Retained Earnings, Statement of Financial Position and the related notes from the company's accounting records and from information and explanations you have given us.

As a practising member firm of the Institute of Chartered Accountants in England and Wales (ICAEW), we are subject to its ethical and other professional requirements which are detailed within the ICAEW's regulations and guidance at http://www.icaew.com/en/membership/regulations-standards-and-guidance.

This report is made solely to the director of Woods Commercial Ltd. in accordance with the terms of our engagement letter dated 5 February 2010. Our work has been undertaken solely to prepare for your approval the financial statements of Woods Commercial Ltd. and state those matters that we have agreed to state to the director of Woods Commercial Ltd. in this report in accordance with ICAEW Technical Release 07/16AAF. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than Woods Commercial Ltd. and its director for our work or for this report.

It is your duty to ensure that Woods Commercial Ltd. has kept adequate accounting records and to prepare statutory financial statements that give a true and fair view of the assets, liabilities, financial position and profit of Woods Commercial Ltd.. You consider that Woods Commercial Ltd. is exempt from the statutory audit requirement for the year.

We have not been instructed to carry out an audit or a review of the financial statements of Woods Commercial Ltd.. For this reason, we have not verified the accuracy or completeness of the accounting records or information and explanations you have given to us and we do not, therefore, express any opinion on the statutory financial statements.






Thickbroom Coventry Limited
Chartered Accountants
147a High Street
Waltham Cross
EN8 7AP


Date: .............................................

Woods Commercial Ltd. (Registered number: 06235739)

Statement of Financial Position
30 May 2024

2024 2023
Notes £    £   
FIXED ASSETS
Tangible assets 4 133,021 126,654

CURRENT ASSETS
Debtors 5 18,434 21,806
Cash at bank 9,983 38,758
28,417 60,564
CREDITORS
Amounts falling due within one year 6 (104,203 ) (148,067 )
NET CURRENT LIABILITIES (75,786 ) (87,503 )
TOTAL ASSETS LESS CURRENT
LIABILITIES

57,235

39,151

CREDITORS
Amounts falling due after more than
one year

7

(116

)

(464

)

PROVISIONS FOR LIABILITIES (19,343 ) (10,996 )
NET ASSETS 37,776 27,691

CAPITAL AND RESERVES
Called up share capital 8 1 1
Retained earnings 37,775 27,690
SHAREHOLDERS' FUNDS 37,776 27,691

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 30 May 2024.

The members have not required the company to obtain an audit of its financial statements for the year ended 30 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.

Woods Commercial Ltd. (Registered number: 06235739)

Statement of Financial Position - continued
30 May 2024


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 Statement of Income and Retained Earnings has not been delivered.

The financial statements were approved by the director and authorised for issue on 19 February 2025 and were signed by:





W H Wood - Director


Woods Commercial Ltd. (Registered number: 06235739)

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

1. STATUTORY INFORMATION

Woods Commercial Ltd. 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.
Plant and machinery - 25% on reducing balance and 15% on reducing balance

Taxation
Taxation for the year comprises current and deferred tax. Tax is recognised in the Statement of Income 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 statement of financial position date.

Deferred tax
Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the statement of financial position 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.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was NIL (2023 - 1 ).

Woods Commercial Ltd. (Registered number: 06235739)

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

4. TANGIBLE FIXED ASSETS
Fixtures
Freehold Plant and and Motor
property machinery fittings vehicles Totals
£    £    £    £    £   
COST
At 31 May 2023 51,500 58,483 1,044 127,052 238,079
Additions 4,150 8,191 1,544 7,000 20,885
Disposals - - - (800 ) (800 )
At 30 May 2024 55,650 66,674 2,588 133,252 258,164
DEPRECIATION
At 31 May 2023 - 39,933 117 71,375 111,425
Charge for year - 4,828 595 8,423 13,846
Eliminated on disposal - - - (128 ) (128 )
At 30 May 2024 - 44,761 712 79,670 125,143
NET BOOK VALUE
At 30 May 2024 55,650 21,913 1,876 53,582 133,021
At 30 May 2023 51,500 18,550 927 55,677 126,654

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Trade debtors 15,952 18,733
Other debtors 2,482 3,073
18,434 21,806

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Bank loans and overdrafts 11,900 16,100
Hire purchase contracts 348 348
Trade creditors 29,735 41,848
Taxation and social security 20,262 28,445
Other creditors 41,958 61,326
104,203 148,067

7. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN
ONE YEAR
2024 2023
£    £   
Hire purchase contracts 116 464

Woods Commercial Ltd. (Registered number: 06235739)

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

8. CALLED UP SHARE CAPITAL

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