Acorah Software Products - Accounts Production 16.1.300 false true 1 September 2023 2 September 2022 false 2 September 2023 1 September 2024 1 September 2024 01195110 Mrs S Woodhull Mr J M Woodhull Mrs S Woodhull iso4217:GBP iso4217:EUR iso4217:USD xbrli:shares xbrli:pure xbrli:pure 01195110 2023-09-01 01195110 2024-09-01 01195110 2023-09-02 2024-09-01 01195110 frs-core:CurrentFinancialInstruments 2024-09-01 01195110 frs-core:ComputerEquipment 2024-09-01 01195110 frs-core:ComputerEquipment 2023-09-02 2024-09-01 01195110 frs-core:ComputerEquipment 2023-09-01 01195110 frs-core:FurnitureFittings 2024-09-01 01195110 frs-core:FurnitureFittings 2023-09-02 2024-09-01 01195110 frs-core:FurnitureFittings 2023-09-01 01195110 frs-core:LandBuildings frs-core:LeasedAssetsHeldAsLessee 2024-09-01 01195110 frs-core:LandBuildings frs-core:LeasedAssetsHeldAsLessee 2023-09-02 2024-09-01 01195110 frs-core:LandBuildings frs-core:LeasedAssetsHeldAsLessee 2023-09-01 01195110 frs-core:MotorVehicles 2024-09-01 01195110 frs-core:MotorVehicles 2023-09-02 2024-09-01 01195110 frs-core:MotorVehicles 2023-09-01 01195110 frs-core:ShareCapital 2024-09-01 01195110 frs-core:RetainedEarningsAccumulatedLosses 2024-09-01 01195110 frs-bus:PrivateLimitedCompanyLtd 2023-09-02 2024-09-01 01195110 frs-bus:FilletedAccounts 2023-09-02 2024-09-01 01195110 frs-bus:SmallEntities 2023-09-02 2024-09-01 01195110 frs-bus:AuditExemptWithAccountantsReport 2023-09-02 2024-09-01 01195110 frs-bus:SmallCompaniesRegimeForAccounts 2023-09-02 2024-09-01 01195110 frs-bus:OrdinaryShareClass1 2023-09-02 2024-09-01 01195110 frs-bus:OrdinaryShareClass1 2024-09-01 01195110 frs-core:FurtherSpecificReserve1ComponentTotalEquity 2023-09-02 2024-09-01 01195110 frs-core:FurtherSpecificReserve1ComponentTotalEquity 2023-09-01 01195110 frs-core:FurtherSpecificReserve1ComponentTotalEquity 2024-09-01 01195110 frs-bus:Director1 2023-09-02 2024-09-01 01195110 frs-bus:Director2 2023-09-02 2024-09-01 01195110 frs-bus:Director2 2023-09-01 01195110 frs-bus:Director2 2024-09-01 01195110 frs-bus:CompanySecretary1 2023-09-02 2024-09-01 01195110 frs-countries:EnglandWales 2023-09-02 2024-09-01 01195110 2022-09-01 01195110 2023-09-01 01195110 2022-09-02 2023-09-01 01195110 frs-core:CurrentFinancialInstruments 2023-09-01 01195110 frs-core:ShareCapital 2023-09-01 01195110 frs-core:RetainedEarningsAccumulatedLosses 2023-09-01 01195110 frs-bus:OrdinaryShareClass1 2022-09-02 2023-09-01 01195110 frs-core:FurtherSpecificReserve1ComponentTotalEquity 2023-09-01
Registered number: 01195110
Woodhull Group Limited
Unaudited Financial Statements
For The Year Ended 1 September 2024
Contents
Page
Accountant's Report 1
Balance Sheet 2—3
Notes to the Financial Statements 4—6
Page 1
Accountant's Report
Report to the directors on the preparation of the unaudited statutory accounts of Woodhull Group Limited for the year ended 1 September 2024
To assist you to fulfil your duties under the Companies Act 2006, we have prepared for your approval the accounts of Woodhull Group Limited which comprise the Profit and Loss Account, the Balance Sheet and the related notes, from the company’s accounting records and from information and explanations you have given us.
As a practising member of the Association of Chartered Certified Accountants, we are subject to its ethical and other professional requirements which are detailed at http://www.accaglobal.com/en/member/professional-standards/rules-standards/acca-rulebook.html.
This report is made to the directors of Woodhull Group Limited , as a body, in accordance with the terms of our engagement. Our work has been undertaken solely to prepare for your approval the accounts of Woodhull Group Limited and state those matters that we have agreed to state to the directors of Woodhull Group Limited , as a body, in this report in accordance with the Association of Chartered Certified Accountants as detailed at http://www.accaglobal.com/content/dam/ACCA_Global/Technical/fact/technical-factsheet-163.pdf. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than Woodhull Group Limited and its directors as a body for our work or for this report.
It is your duty to ensure that Woodhull Group Limited has kept adequate accounting records and to prepare statutory accounts that give a true and fair view of the assets, liabilities, financial position and profit or loss of Woodhull Group Limited . You consider that Woodhull Group Limited 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 accounts of Woodhull Group Limited . 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 financial statements.
Signed
10 March 2025
Raven Accounting (West Midlands) Limited
Chartered Certified Accountants
9-11 Stratford Road
Shirley
Solihull
B90 3LU
Page 1
Page 2
Balance Sheet
Registered number: 01195110
2024 2023
Notes £ £ £ £
FIXED ASSETS
Tangible Assets 4 44,008 55,674
Investment Properties 5 242,000 243,000
286,008 298,674
CURRENT ASSETS
Debtors 6 62,750 84,673
Cash at bank and in hand 266,549 250,692
329,299 335,365
Creditors: Amounts Falling Due Within One Year 7 (4,272 ) (3,506 )
NET CURRENT ASSETS (LIABILITIES) 325,027 331,859
TOTAL ASSETS LESS CURRENT LIABILITIES 611,035 630,533
NET ASSETS 611,035 630,533
CAPITAL AND RESERVES
Called up share capital 8 151,000 151,000
Fair value reserve 10 7,157 7,967
Profit and Loss Account 452,878 471,566
SHAREHOLDERS' FUNDS 611,035 630,533
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Page 3
For the year ending 1 September 2024 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.
The members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.
The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.
These accounts have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime.
The company has taken advantage of section 444(1) of the Companies Act 2006 and opted not to deliver to the registrar a copy of the company's Profit and Loss Account.
On behalf of the board
Mrs S Woodhull
Director
Mr J M Woodhull
Director
10 March 2025
The notes on pages 4 to 6 form part of these financial statements.
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Notes to the Financial Statements
1. General Information
Woodhull Group Limited is a private company, limited by shares, incorporated in England & Wales, registered number 01195110 . The registered office is The Coppice, Poolhead Lane, Tanworth-In-Arden, Solihull, West Midlands, B94 5EH.
The presentation currency of the financial statements is the Pound Sterling (£).
2. Accounting Policies
2.1. Basis of Preparation of Financial Statements
The financial statements have been prepared under the historical cost convention and in accordance with Financial Reporting Standard 102 section 1A Small Entities "The Financial Reporting Standard applicable in the UK and Republic of Ireland" and the Companies Act 2006.
2.2. Turnover
Turnover is measured at the fair value of the consideration received or receivable, net of discounts and value added taxes. Turnover includes revenue earned from the sale of goods and from the rendering of services. Turnover is reduced for estimated customer returns, rebates and other similar allowances.
Sale of goods
Turnover from the sale of goods is recognised when the significant risks and rewards of ownership of the goods has transferred to the buyer. This is usually at the point that the customer has signed for the delivery of the goods.
Rendering of services
Turnover from the rendering of services is recognised by reference to the stage of completion of the contract. The stage of completion of a contract is measured by comparing the costs incurred for work performed to date to the total estimated contract costs. Turnover is only recognised to the extent of recoverable expenses when the outcome of a contract cannot be estimated reliably.
2.3. Tangible Fixed Assets and Depreciation
Tangible fixed assets are measured at cost less accumulated depreciation and any accumulated impairment losses. Depreciation is provided at rates calculated to write off the cost of the fixed assets, less their estimated residual value, over their expected useful lives on the following bases:
Leasehold 10% on cost
Motor Vehicles 25% on reducing balance
Fixtures & Fittings 25% on cost
Computer Equipment 20% on cost
2.4. Investment Properties
All investment properties are carried at fair value determined annually and derived from the current market rents and investment property yields for comparable real estate, adjusted if necessary for any difference in the nature, location or condition of the specific asset. No depreciation is provided for. Changes in fair value are recognised in the profit and loss account.
2.5. Taxation
Income tax expense represents the sum of the tax currently payable and deferred tax.
The tax currently payable is based on taxable profit for the year. Taxable profit differs from profit as reported in the statement of comprehensive income because of items of income or expense that are taxable or deductible in other years and items that are never taxable or deductible. The company's liability for current tax is calculated using tax rates that have been enacted or substantively enacted by the end of the reporting period.
Deferred tax is recognised on timing differences between the carrying amounts of assets and liabilities in the financial statements and the corresponding tax bases used in the computation of taxable profit. Deferred tax liabilities are generally recognised for all taxable timing differences. Deferred tax assets are generally recognised for all deductible temporary differences to the extent that it is probable that taxable profits will be available against which those deductible timing differences can be utilised. The carrying amount of deferred tax assets is reviewed at the end of each reporting period and reduced to the extent that it is no longer probable that sufficient taxable profits will be available to allow all or part of the asset to be recovered.
Deferred tax assets and liabilities are measured at the tax rates that are expected to apply in the period in which the liability is settled or the asset realised, based on tax rates (and tax laws) that have been enacted or substantively enacted by the end of the reporting period. Deferred tax liabilities are presented within provisions for liabilities and deferred tax assets within debtors. The measurement of deferred tax liabilities and assets reflect the tax consequences that would follow from the manner in which the Company expects, at the end of the reporting period, to recover or settle the carrying amount of its assets and liabilities.
Current and deferred tax are recognised in profit or loss for the year, except when they relate to items that are recognised in other comprehensive income or directly in equity, in which case current and deferred tax are recognised in other comprehensive income or directly in equity respectively.
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3. Average Number of Employees
Average number of employees, including directors, during the year was: 2 (2023: 2)
2 2
4. Tangible Assets
Land & Property
Leasehold Motor Vehicles Fixtures & Fittings Computer Equipment Total
£ £ £ £ £
Cost or Valuation
As at 2 September 2023 86,795 50,980 4,979 1,098 143,852
As at 1 September 2024 86,795 50,980 4,979 1,098 143,852
Depreciation
As at 2 September 2023 43,050 39,910 4,979 239 88,178
Provided during the period 8,679 2,768 - 219 11,666
As at 1 September 2024 51,729 42,678 4,979 458 99,844
Net Book Value
As at 1 September 2024 35,066 8,302 - 640 44,008
As at 2 September 2023 43,745 11,070 - 859 55,674
5. Investment Property
2024
£
Fair Value
As at 2 September 2023 243,000
Revaluations (1,000)
As at 1 September 2024 242,000
If investment property had been accounted for under historical cost accounting rules, the amounts would be:
2024 2023
£ £
Cost 233,164 233,164
The property was measured at its open market value as at 1 September 2024, as determined by the directors.
6. Debtors
2024 2023
£ £
Due within one year
Other debtors 62,750 84,673
7. Creditors: Amounts Falling Due Within One Year
2024 2023
£ £
Trade creditors 2,028 1,346
Other creditors 2,244 2,160
4,272 3,506
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8. Share Capital
2024 2023
Allotted, called up and fully paid £ £
151,000 Ordinary Shares of £ 1 each 151,000 151,000
9. Directors Advances, Credits and Guarantees
Included within Debtors are the following loans to directors:
As at 2 September 2023 Amounts advanced Amounts repaid Amounts written off As at 1 September 2024
£ £ £ £ £
Mr John Woodhull 78,783 56,576 78,783 - 56,576
The above loan is unsecured, with interest charged at 2.25%. It will be fully repaid by 1 May 2025.
10. Reserves
Fair Value Reserve
£
As at 2 September 2023 7,967
Transfer to profit and loss (810 )
As at 1 September 2024 7,157
11. Related Party Transactions
During the year, total dividends of £500 (2023 - £1,000) were paid to the directors.
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