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REGISTERED NUMBER: 10770680 (England and Wales)















Unaudited Financial Statements for the Year Ended 31 May 2024

for

Woody's Concrete Company Ltd

Woody's Concrete Company Ltd (Registered number: 10770680)






Contents of the Financial Statements
for the Year Ended 31 May 2024




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


Woody's Concrete Company Ltd

Company Information
for the Year Ended 31 May 2024







DIRECTORS: Mrs I B Taylor-Wood
Mr S J Wood





REGISTERED OFFICE: Blounts Court Farm Blounts Court Road
Sonning Common
Reading
RG4 9PA





REGISTERED NUMBER: 10770680 (England and Wales)





ACCOUNTANTS: Wilson Partners Limited
Chartered Accountants
TOR
Saint-Cloud Way
Maidenhead
Berkshire
SL6 8BN

Woody's Concrete Company Ltd (Registered number: 10770680)

Balance Sheet
31 May 2024

31.5.24 31.5.23
Notes £    £   
FIXED ASSETS
Tangible assets 4 1,200 1,623

CURRENT ASSETS
Debtors 5 53,335 55,291
Cash at bank 17,998 8,327
71,333 63,618
CREDITORS
Amounts falling due within one year 6 (57,706 ) (50,186 )
NET CURRENT ASSETS 13,627 13,432
TOTAL ASSETS LESS CURRENT LIABILITIES 14,827 15,055

CREDITORS
Amounts falling due after more than one year 7 (11,903 ) (14,060 )

PROVISIONS FOR LIABILITIES (228 ) (308 )
NET ASSETS 2,696 687

CAPITAL AND RESERVES
Called up share capital 100 100
Retained earnings 2,596 587
2,696 687

Woody's Concrete Company Ltd (Registered number: 10770680)

Balance Sheet - continued
31 May 2024


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

The members have not required the company to obtain an audit of its financial statements for the year ended 31 May 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 26 February 2025 and were signed on its behalf by:




Mr S J Wood - Director



Mrs I B Taylor-Wood - Director


Woody's Concrete Company Ltd (Registered number: 10770680)

Notes to the Financial Statements
for the Year Ended 31 May 2024

1. STATUTORY INFORMATION

Woody's Concrete Company 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.

The presentation currency of the financial statements is the Pound Sterling (£).


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.

Significant judgements and estimates
In the application of the company's accounting policies the directors are required to make judgements, estimates and assumptions about the carrying amounts of assets and liabilities that are not readily apparent from other sources. The estimates and associated assumptions are based on historical experience and other factors that are considered to be relevant. Actual results may differ from these estimates.

The estimates and underlying assumptions are reviewed on an ongoing basis. Revisions to accounting estimates are recognised in the period in which the estimate is revised if the revision affects only that period, or in the period of the revision and future periods if the revision affects both current and future periods.

The company does not make significant estimates and assumptions concerning the future

Turnover
Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes.

Turnover is recognised when the sale or service takes place.

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 - 33% on cost
Fixtures and fittings - 33% on cost

Financial instruments
Basic financial instruments are recognised at amortised cost using the effective interest method, except for investments in non-convertible preference and non-puttable preference and ordinary shares, which are measured at fair value, with changes recognised in profit or loss. Derivative financial instruments are initially recorded at cost and therefore at fair value, with changes recognised in profit and loss.

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.


Woody's Concrete Company Ltd (Registered number: 10770680)

Notes to the Financial Statements - continued
for the Year Ended 31 May 2024

2. ACCOUNTING POLICIES - continued
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.

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.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 2 (2023 - 2 ) .

4. TANGIBLE FIXED ASSETS
Plant and
machinery
etc
£   
COST
At 1 June 2023 7,148
Additions 1,207
At 31 May 2024 8,355
DEPRECIATION
At 1 June 2023 5,525
Charge for year 1,630
At 31 May 2024 7,155
NET BOOK VALUE
At 31 May 2024 1,200
At 31 May 2023 1,623

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.5.24 31.5.23
£    £   
Trade debtors 40,740 32,167
Other debtors 12,595 23,124
53,335 55,291

Woody's Concrete Company Ltd (Registered number: 10770680)

Notes to the Financial Statements - continued
for the Year Ended 31 May 2024

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.5.24 31.5.23
£    £   
Bank loans and overdrafts 1,959 1,902
Taxation and social security 16,915 24,017
Other creditors 38,832 24,267
57,706 50,186

7. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR
31.5.24 31.5.23
£    £   
Bank loans 11,903 14,060

8. LEASING AGREEMENTS

Minimum lease payments under non-cancellable operating leases fall due as follows:
31.5.24 31.5.23
£    £   
Within one year 3,500 3,500

9. DIRECTORS' ADVANCES, CREDITS AND GUARANTEES

The following advances and credits to directors subsisted during the years ended 31 May 2024 and 31 May 2023:

31.5.24 31.5.23
£    £   
Mr S J Wood
Balance outstanding at start of year 9,862 3,036
Amounts advanced 26,068 26,234
Amounts repaid (34,341 ) (19,408 )
Amounts written off - -
Amounts waived - -
Balance outstanding at end of year 1,589 9,862

Mrs I B Taylor-Wood
Balance outstanding at start of year 9,862 3,036
Amounts advanced 28,761 26,234
Amounts repaid (35,588 ) (19,408 )
Amounts written off - -
Amounts waived - -
Balance outstanding at end of year 3,035 9,862

10. ULTIMATE CONTROLLING PARTY

There is no ultimate controlling party.