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Company No: 04084294 (England and Wales)

WOODSTOCK TRANSPORT LIMITED

Unaudited Financial Statements
For the financial year ended 30 November 2024
Pages for filing with the registrar

WOODSTOCK TRANSPORT LIMITED

Unaudited Financial Statements

For the financial year ended 30 November 2024

Contents

WOODSTOCK TRANSPORT LIMITED

COMPANY INFORMATION

For the financial year ended 30 November 2024
WOODSTOCK TRANSPORT LIMITED

COMPANY INFORMATION (continued)

For the financial year ended 30 November 2024
DIRECTORS Martin Brent Henderson
Matthew Lee Henderson
REGISTERED OFFICE Riccall Airfield
Market Weighton Road Riccall
Selby
YO8 5LD
United Kingdom
COMPANY NUMBER 04084294 (England and Wales)
ACCOUNTANT Morrell Middleton Auditors Ltd
Chartered Certified Accountants
Wellington House
Aviator Court
York
YO30 4UZ
WOODSTOCK TRANSPORT LIMITED

BALANCE SHEET

As at 30 November 2024
WOODSTOCK TRANSPORT LIMITED

BALANCE SHEET (continued)

As at 30 November 2024
Note 2024 2023
£ £
Fixed assets
Tangible assets 3 67,674 118,598
Investments 600,000 600,000
667,674 718,598
Current assets
Stocks 4 45,851 29,309
Debtors 5 72,609 47,902
Cash at bank and in hand 6 95,925 170,517
214,385 247,728
Creditors: amounts falling due within one year 7 ( 213,130) ( 177,533)
Net current assets 1,255 70,195
Total assets less current liabilities 668,929 788,793
Provision for liabilities 8, 9 ( 16,918) ( 22,534)
Net assets 652,011 766,259
Capital and reserves
Called-up share capital 10 2 2
Profit and loss account 652,009 766,257
Total shareholders' funds 652,011 766,259

For the financial year ending 30 November 2024 the Company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

Directors' responsibilities:

The financial statements of Woodstock Transport Limited (registered number: 04084294) were approved and authorised for issue by the Board of Directors on 23 December 2024. They were signed on its behalf by:

Martin Brent Henderson
Director
WOODSTOCK TRANSPORT LIMITED

NOTES TO THE FINANCIAL STATEMENTS

For the financial year ended 30 November 2024
WOODSTOCK TRANSPORT LIMITED

NOTES TO THE FINANCIAL STATEMENTS

For the financial year ended 30 November 2024
1. Accounting policies

The principal accounting policies are summarised below. They have all been applied consistently throughout the financial year and to the preceding financial year, unless otherwise stated.

General information and basis of accounting

Woodstock Transport Limited (the Company) is a private company, limited by shares, incorporated in the United Kingdom under the Companies Act 2006 and is registered in England and Wales. The address of the Company's registered office is Riccall Airfield, Market Weighton Road Riccall, Selby, YO8 5LD, United Kingdom.

The financial statements have been prepared under the historical cost convention, modified to include certain items at fair value, and in accordance with Section 1A of Financial Reporting Standard 102 (FRS 102) ‘The Financial Reporting Standard applicable in the UK and Republic of Ireland’ issued by the Financial Reporting Council and the requirements of the Companies Act 2006 as applicable to companies subject to the small companies regime.

The financial statements are presented in pounds sterling which is the functional currency of the Company and rounded to the nearest £.

Turnover

Turnover is recognised at the fair value of the consideration received or receivable for goods and services provided in the normal course of business, and is shown net of VAT and other sales related taxes. The fair value of consideration takes into account trade discounts, settlement discounts and volume rebates.

Turnover is recognised when the significant risks and rewards are considered to have been transferred to the customer.

Taxation

Current tax
Current tax is provided at amounts expected to be paid (or recoverable) using the tax rates and laws that have been enacted or substantively enacted at the Balance Sheet date.

Deferred tax
Deferred tax arises as a result of including items of income and expenditure in taxation computations in periods different from those in which they are included in the Company's financial statements. Deferred tax is provided in full on timing differences which result in an obligation to pay more or less tax at a future date, at the average tax rates that are expected to apply when the timing differences reverse, based on current tax rates and laws. Deferred tax assets and liabilities are not discounted.

The carrying amount of deferred tax assets are reviewed at each reporting date and a valuation allowance is set up against deferred tax assets so that the net carrying amount equals the highest amount that is more likely than not to be recovered based on current or future taxable profit.

Tangible fixed assets

Tangible fixed assets are stated at cost or valuation, net of depreciation and any provision for impairment. Depreciation is provided on all tangible fixed assets, other than investment property and freehold land, at rates calculated to write off the cost or valuation, less estimated residual value, of each asset on a straight-line or reducing balance basis over its expected useful life, as follows:

Plant and machinery etc. 25 % reducing balance

Residual value represents the estimated amount which would currently be obtained from disposal of an asset, after deducting estimated costs of disposal, if the asset were already of the age and in the condition expected at the end of its useful life.

The gain or loss arising on the disposal of an asset is determined as the difference between the sale proceeds and the carrying value of the asset, and is credited or charged to profit or loss.

Impairment of assets

Assets, other than those measured at fair value, are assessed for indicators of impairment at each Balance Sheet date. If there is objective evidence of impairment, an impairment loss is recognised in the Statement of Income and Retained Earnings as described below.

Stocks

Stocks are stated at the lower of cost and estimated selling price less costs to sell, which is equivalent to the net realisable value. Cost includes materials, direct labour and an attributable proportion of manufacturing overheads based on normal levels of activity. Cost is calculated using the FIFO (first-in, first-out) method. Provision is made for obsolete, slow-moving or defective items where appropriate.

At each reporting date, an assessment is made for impairment. Any excess of the carrying amount of stocks over its estimated selling price less costs to complete and sell is recognised as an impairment loss in profit or loss. Reversals of impairment losses are also recognised in profit or loss.

Financial instruments

Financial assets and financial liabilities are recognised when the Company becomes a party to the contractual provisions of the instrument.

Financial liabilities and equity instruments are classified according to the substance of the contractual arrangements entered into. An equity instrument is any contract that evidences a residual interest in the assets of the Company after deducting all of its liabilities.

Financial assets and liabilities are only offset in the Balance Sheet when, and only when there exists a legally enforceable right to set off the recognised amounts and the Company intends either to settle on a net basis, or to realise the asset and settle the liability simultaneously.

Provisions

Provisions are recognised when the Company has a present obligation (legal or constructive) as a result of a past event, it is probable that the Company will be required to settle that obligation and a reliable estimate can be made of the amount of the obligation.

The amount recognised as a provision is the best estimate of the consideration required to settle the present obligation at the Balance Sheet date, taking into account the risks and uncertainties surrounding the obligation. Where a provision is measured using the cash flows estimated to settle the present obligation, its carrying amount is the present value of those cash flows (when the effect of the time value of money is material).

When some or all of the economic benefits required to settle a provision are expected to be recovered from a third party, a receivable is recognised as an asset if it is virtually certain that reimbursement will be received and the amount of the receivable can be measured reliably.

2. Employees

2024 2023
Number Number
Monthly average number of persons employed by the Company during the year, including directors 22 17

3. Tangible assets

Plant and machinery etc. Total
£ £
Cost
At 01 December 2023 450,895 450,895
Disposals ( 138,290) ( 138,290)
At 30 November 2024 312,605 312,605
Accumulated depreciation
At 01 December 2023 332,297 332,297
Charge for the financial year 22,558 22,558
Disposals ( 109,924) ( 109,924)
At 30 November 2024 244,931 244,931
Net book value
At 30 November 2024 67,674 67,674
At 30 November 2023 118,598 118,598

4. Stocks

2024 2023
£ £
Stocks 13,000 5,000
Work in progress 32,851 24,309
45,851 29,309

There are no material differences between the replacement cost of stock and the Balance Sheet amounts.

5. Debtors

2024 2023
£ £
Trade debtors 59,789 40,650
Other debtors 12,820 7,252
72,609 47,902

6. Cash and cash equivalents

2024 2023
£ £
Cash at bank and in hand 95,925 170,517

7. Creditors: amounts falling due within one year

2024 2023
£ £
Trade creditors 14,054 28,295
Taxation and social security 109,329 92,747
Other creditors 89,747 56,491
213,130 177,533

8. Provision for liabilities

2024 2023
£ £
Deferred tax 16,918 22,534

9. Deferred tax

2024 2023
£ £
At the beginning of financial year ( 22,534) ( 25,267)
Credited to the Statement of Income and Retained Earnings 5,616 2,733
At the end of financial year ( 16,918) ( 22,534)

10. Called-up share capital

2024 2023
£ £
Allotted, called-up and fully-paid
2 Ordinary shares of £ 1.00 each 2 2