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REGISTERED NUMBER: 07651059 (England and Wales)











UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 MAY 2024

FOR

WOODS OF LONDON LIMITED

WOODS OF LONDON LIMITED (REGISTERED NUMBER: 07651059)






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


WOODS OF LONDON LIMITED

COMPANY INFORMATION
FOR THE YEAR ENDED 31 MAY 2024







DIRECTOR: P Turner





REGISTERED OFFICE: 22-24 Montpelier Vale
Blackheath
London
SE9 0TA





REGISTERED NUMBER: 07651059 (England and Wales)





ACCOUNTANTS: Sargeant Partnership LLP
Chartered Accountants
5 White Oak Square
London Road
Swanley
Kent
BR8 7AG

WOODS OF LONDON LIMITED (REGISTERED NUMBER: 07651059)

BALANCE SHEET
31 MAY 2024

2024 2023
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 4,342 4,119

CURRENT ASSETS
Stocks 134,764 139,754
Debtors 5 38,217 8,027
Cash at bank and in hand 30,475 80,082
203,456 227,863
CREDITORS
Amounts falling due within one year 6 347,497 337,350
NET CURRENT LIABILITIES (144,041 ) (109,487 )
TOTAL ASSETS LESS CURRENT
LIABILITIES

(139,699

)

(105,368

)

CREDITORS
Amounts falling due after more than one
year

7

14,197

24,315
NET LIABILITIES (153,896 ) (129,683 )

CAPITAL AND RESERVES
Called up share capital 8 1 1
Retained earnings 9 (153,897 ) (129,684 )
SHAREHOLDERS' FUNDS (153,896 ) (129,683 )

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 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 OF LONDON LIMITED (REGISTERED NUMBER: 07651059)

BALANCE SHEET - continued
31 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 Income Statement has not been delivered.

The financial statements were approved by the director and authorised for issue on 27 February 2025 and were signed by:





P Turner - Director


WOODS OF LONDON LIMITED (REGISTERED NUMBER: 07651059)

NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MAY 2024

1. STATUTORY INFORMATION

Woods Of London 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.
Fixtures and fittings - 15% per annum on cost

Stocks
Stocks are valued at the lower of cost and net realisable value, after making due allowance for obsolete and slow moving items.

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.

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 4 (2023 - 4 ) .

WOODS OF LONDON LIMITED (REGISTERED NUMBER: 07651059)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 MAY 2024

4. TANGIBLE FIXED ASSETS
Fixtures
and
fittings
£   
COST
At 1 June 2023 14,625
Additions 1,234
At 31 May 2024 15,859
DEPRECIATION
At 1 June 2023 10,506
Charge for year 1,011
At 31 May 2024 11,517
NET BOOK VALUE
At 31 May 2024 4,342
At 31 May 2023 4,119

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Other debtors 38,217 8,027

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Trade creditors 24,180 11,983
Taxation and social security 2,316 8,639
Other creditors 321,001 316,728
347,497 337,350

7. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN
ONE YEAR
2024 2023
£    £   
Other creditors 14,197 24,315

WOODS OF LONDON LIMITED (REGISTERED NUMBER: 07651059)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 MAY 2024

8. CALLED UP SHARE CAPITAL

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

9. RESERVES
Retained
earnings
£   

At 1 June 2023 (129,684 )
Deficit for the year (24,213 )
At 31 May 2024 (153,897 )

10. DIRECTOR'S ADVANCES, CREDITS AND GUARANTEES

At the balance sheet date the company owed P Turner £308,315 (2023: £301,655).

11. ULTIMATE CONTROLLING PARTY

The ultimate controlling party is P Turner.

12. GOING CONCERN

The company continues to have the ongoing support of the Director and it is therefore appropriate for the company to be considered a Going concern.