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REGISTERED NUMBER: 08973858 (England and Wales)















Unaudited Financial Statements for the Year Ended 31 May 2024

for

Woods Whur 2014 Limited

Woods Whur 2014 Limited (Registered number: 08973858)






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 Whur 2014 Limited

Company Information
for the Year Ended 31 May 2024







DIRECTORS: Mr Andrew John Woods
Mr Patrick Midgley Whur





REGISTERED OFFICE: St James Place
28 Park Place
Leeds
West Yorkshire
LS1 2SP





REGISTERED NUMBER: 08973858 (England and Wales)





ACCOUNTANTS: Franklins
1 Pinnacle Way
Pride Park
Derby
Derbyshire
DE24 8ZS

Woods Whur 2014 Limited (Registered number: 08973858)

Balance Sheet
31 May 2024

2024 2023
Notes £    £    £    £   
FIXED ASSETS
Intangible assets 4 - 80,000
Tangible assets 5 11,675 10,778
11,675 90,778

CURRENT ASSETS
Work In Progress 6,665 12,903
Debtors 6 326,265 331,553
Cash at bank and in hand 10,424 9,420
343,354 353,876
CREDITORS
Amounts falling due within one year 7 330,115 290,319
NET CURRENT ASSETS 13,239 63,557
TOTAL ASSETS LESS CURRENT
LIABILITIES

24,914

154,335

PROVISIONS FOR LIABILITIES 2,611 2,319
NET ASSETS 22,303 152,016

CAPITAL AND RESERVES
Called up share capital 8 1,000 1,000
Retained earnings 21,303 151,016
SHAREHOLDERS' FUNDS 22,303 152,016

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.

Woods Whur 2014 Limited (Registered number: 08973858)

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 Statement of Income and Retained Earnings has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 9 December 2024 and were signed on its behalf by:




Mr Andrew John Woods - Director



Mr Patrick Midgley Whur - Director


Woods Whur 2014 Limited (Registered number: 08973858)

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

1. STATUTORY INFORMATION

Woods Whur 2014 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.

Goodwill
Purchased goodwill is being amortised evenly over its estimated useful life of ten years.

Intangible assets
Intangible assets are initially measured at cost. After initial recognition, intangible assets are measured at cost less any accumulated amortisation and any accumulated impairment losses.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Office equipment - 25% on reducing balance
Fixtures and fittings - 15% on reducing balance
Computer equipment - 25% on reducing balance

Work in progress
Work in progress is valued in accordance with FRS 5 and the guidance issued in UITF 40. Hence all unbilled/incomplete time has been valued at fair value and reflects the time spent and the skills and expertise that have been provided.

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 balance sheet date.

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.

Woods Whur 2014 Limited (Registered number: 08973858)

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

2. ACCOUNTING POLICIES - continued

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.

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 11 (2023 - 10 ) .

4. INTANGIBLE FIXED ASSETS
Goodwill
£   
COST
At 1 June 2023
and 31 May 2024 800,000
AMORTISATION
At 1 June 2023 720,000
Amortisation for year 80,000
At 31 May 2024 800,000
NET BOOK VALUE
At 31 May 2024 -
At 31 May 2023 80,000

5. TANGIBLE FIXED ASSETS
Fixtures
Office and Computer
equipment fittings equipment Totals
£    £    £    £   
COST
At 1 June 2023 8,660 10,094 12,829 31,583
Additions 430 - 3,778 4,208
At 31 May 2024 9,090 10,094 16,607 35,791
DEPRECIATION
At 1 June 2023 5,555 5,736 9,514 20,805
Charge for year 884 654 1,773 3,311
At 31 May 2024 6,439 6,390 11,287 24,116
NET BOOK VALUE
At 31 May 2024 2,651 3,704 5,320 11,675
At 31 May 2023 3,105 4,358 3,315 10,778

Woods Whur 2014 Limited (Registered number: 08973858)

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

6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Trade debtors 271,691 280,580
Other debtors 1,291 6,791
Directors' current accounts 9,430 10,745
Prepayments and accrued income 43,853 33,437
326,265 331,553

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Bank loans and overdrafts 56,667 71,909
Trade creditors 41,960 38,168
Tax 113,247 73,384
Social security and other taxes 6,305 5,607
VAT 61,800 50,674
Other creditors 3,679 3,258
Directors' current accounts 2,741 -
Accruals and deferred income 43,716 47,319
330,115 290,319

8. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 2024 2023
value: £    £   
1,000 Ordinary £1 1,000 1,000

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:

2024 2023
£    £   
Mr Andrew John Woods
Balance outstanding at start of year 9,357 26,996
Amounts advanced 224,027 194,571
Amounts repaid (223,954 ) (212,210 )
Amounts written off - -
Amounts waived - -
Balance outstanding at end of year 9,430 9,357

Mr Patrick Midgley Whur
Balance outstanding at start of year 1,388 22,947
Amounts advanced 220,120 189,532
Amounts repaid (224,249 ) (211,091 )
Amounts written off - -
Amounts waived - -
Balance outstanding at end of year (2,741 ) 1,388

Woods Whur 2014 Limited (Registered number: 08973858)

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

9. DIRECTORS' ADVANCES, CREDITS AND GUARANTEES - continued

Interest was charged on the overdrawn director's loan account at HM Revenue & Customs official rate of interest during the year, being 2.25% per annum.

10. RELATED PARTY DISCLOSURES

Interest free loans provided from a company with common directors amounts to £1,291 (2023: £6,791).