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Registration number: 04011032

Woodcote Investments Limited

Annual Report and Unaudited Financial Statements

for the Year Ended 30 June 2024

 

Woodcote Investments Limited

Contents
__________________________________________________________________________

Company Information

1

Balance Sheet

2

Notes to the Unaudited Financial Statements

3 to 6

 

Woodcote Investments Limited

Company Information
__________________________________________________________________________

Directors

Mr D C Cust

Mrs G H Neil

Mrs H D F Cust

Mrs V Malan

Company secretary

Mrs H D F Cust

Registered office

Abbey House
342 Regents Park Road
N3 2LJ


 

Accountants

Brooks Green
Chartered AccountantsAbbey House
342 Regents Park Road
London
N3 2LJ

 

Woodcote Investments Limited

(Registration number: 04011032)
Balance Sheet as at 30 June 2024
__________________________________________________________________________

Note

2024
£

2023
£

           

Fixed assets

   

 

Tangible assets

3

 

15,906

 

18,801

Current assets

   

 

Debtors

4

813,719

 

712,630

 

Cash at bank and in hand

 

37,110

 

3,205

 

 

850,829

 

715,835

 

Creditors: Amounts falling due within one year

5

(216,632)

 

(165,812)

 

Net current assets

   

634,197

 

550,023

Net assets

   

650,103

 

568,824

Capital and reserves

   

 

Called up share capital

6

100

 

100

 

Retained earnings

650,003

 

568,724

 

Shareholders' funds

   

650,103

 

568,824

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

Directors' responsibilities:

The members have not required the company to obtain an audit of its accounts for the year in question in accordance with section 476; and

The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.

These financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime. As permitted by section 444 (5A) of the Companies Act 2006, the directors have not delivered to the registrar a copy of the Profit and Loss Account.

Approved and authorised by the Board on 14 February 2025 and signed on its behalf by:
 

.........................................
Mr D C Cust
Director

 

Woodcote Investments Limited

Notes to the Unaudited Financial Statements for the Year Ended 30 June 2024
__________________________________________________________________________

1

Accounting policies

Summary of significant accounting policies and key accounting estimates

The principal accounting policies applied in the preparation of these financial statements are set out below. These policies have been consistently applied to all the years presented, unless otherwise stated.

Statement of compliance

These financial statements have been prepared in accordance with Financial Reporting Standard 102 Section 1A - 'The Financial Reporting Standard applicable in the UK and Republic of Ireland' and the Companies Act 2006.

Basis of preparation

These financial statements have been prepared using the historical cost convention except that as disclosed in the accounting policies certain items are shown at fair value.

Revenue recognition

Turnover comprises the fair value of the consideration received or receivable for the provision of services in the ordinary course of the company’s activities. Turnover is shown net of rebates and discounts.

The company recognises revenue when:
The amount of revenue can be reliably measured;
it is probable that future economic benefits will flow to the entity;
and specific criteria have been met for each of the company's activities.

Tax

The tax expense for the period comprises current tax. Tax is recognised in profit or loss, except that a change attributable to an item of income or expense recognised as other comprehensive income is also recognised directly in other comprehensive income.

The current income tax charge is calculated on the basis of tax rates and laws that have been enacted or substantively enacted by the reporting date in the countries where the company operates and generates taxable income.

Tangible assets

Tangible assets are stated in the balance sheet at cost, less any subsequent accumulated depreciation and subsequent accumulated impairment losses.

The cost of tangible assets includes directly attributable incremental costs incurred in their acquisition and installation.

Depreciation

Depreciation is charged so as to write off the cost of assets, other than land and properties under construction over their estimated useful lives, as follows:

Asset class

Depreciation method and rate

Equipment fixtures & fittings

20% on reducing balance basis

Motor vehicle

20% on reducing balance basis

 

Woodcote Investments Limited

Notes to the Unaudited Financial Statements for the Year Ended 30 June 2024
__________________________________________________________________________

Cash and cash equivalents

Cash and cash equivalents comprise cash on hand and call deposits, and other short-term highly liquid investments that are readily convertible to a known amount of cash and are subject to an insignificant risk of change in value.

Trade debtors

Trade debtors are amounts due from customers for merchandise sold or services performed in the ordinary course of business.

Trade debtors are recognised initially at the transaction price. They are subsequently measured at amortised cost using the effective interest method, less provision for impairment. A provision for the impairment of trade debtors is established when there is objective evidence that the company will not be able to collect all amounts due according to the original terms of the receivables.

Trade creditors

Trade creditors are obligations to pay for goods or services that have been acquired in the ordinary course of business from suppliers. Accounts payable are classified as current liabilities if the company does not have an unconditional right, at the end of the reporting period, to defer settlement of the creditor for at least twelve months after the reporting date. If there is an unconditional right to defer settlement for at least twelve months after the reporting date, they are presented as non-current liabilities.

Trade creditors are recognised initially at the transaction price and subsequently measured at amortised cost using the effective interest method.

Share capital

Ordinary shares are classified as equity. Equity instruments are measured at the fair value of the cash or other resources received or receivable, net of the direct costs of issuing the equity instruments. If payment is deferred and the time value of money is material, the initial measurement is on a present value basis.

Defined contribution pension obligation

A defined contribution plan is a pension plan under which fixed contributions are paid into a pension fund and the company has no legal or constructive obligation to pay further contributions even if the fund does not hold sufficient assets to pay all employees the benefits relating to employee service in the current and prior periods.

Contributions to defined contribution plans are recognised as employee benefit expense when they are due. If contribution payments exceed the contribution due for service, the excess is recognised as a prepayment.

2

Staff numbers

The average number of persons employed by the company (including directors) during the year, was 4 (2023 - 4).

 

Woodcote Investments Limited

Notes to the Unaudited Financial Statements for the Year Ended 30 June 2024
__________________________________________________________________________

3

Tangible assets

Furniture, fittings and equipment
 £

Motor vehicles
 £

Total
£

Cost or valuation

At 1 July 2023

31,377

70,280

101,657

At 30 June 2024

31,377

70,280

101,657

Depreciation

At 1 July 2023

29,849

53,007

82,856

Charge for the year

305

2,590

2,895

At 30 June 2024

30,154

55,597

85,751

Carrying amount

At 30 June 2024

1,223

14,683

15,906

At 30 June 2023

1,528

17,273

18,801

4

Debtors

Current

2024
£

2023
£

Other debtors

813,719

712,630

 

813,719

712,630

5

Creditors

Creditors: amounts falling due within one year

2024
£

2023
£

Due within one year

Taxation and social security

25,268

13,953

Accruals and deferred income

4,707

4,272

Other creditors

186,657

147,587

216,632

165,812

 

Woodcote Investments Limited

Notes to the Unaudited Financial Statements for the Year Ended 30 June 2024
__________________________________________________________________________

6

Share capital

Allotted, called up and fully paid shares

2024

2023

No.

£

No.

£

Ordinary of £1 each

100

100

100

100