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Company Registration No. 02488918 (England and Wales)
Woodcraft Timber Buildings Limited Unaudited accounts for the year ended 31 March 2024
Woodcraft Timber Buildings Limited Unaudited accounts Contents
Page
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Woodcraft Timber Buildings Limited Company Information for the year ended 31 March 2024
Directors
Kieran McDonagh Mitchell McDonagh
Company Number
02488918 (England and Wales)
Registered Office
Unit 16 Redfields Industrial Park Church Crookha Fleet GU52 0RD United Kingdom
Accountants
Blue Cube Accountants Limited 7 High Street Windsor SL4 1LD
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Woodcraft Timber Buildings Limited Statement of financial position as at 31 March 2024
2024 
2023 
Notes
£ 
£ 
Fixed assets
Tangible assets
13,765 
17,206 
Current assets
Inventories
5,000 
5,000 
Debtors
248,265 
196,249 
Cash at bank and in hand
4,014 
13,969 
257,279 
215,218 
Creditors: amounts falling due within one year
(30,182)
(35,527)
Net current assets
227,097 
179,691 
Net assets
240,862 
196,897 
Capital and reserves
Called up share capital
2 
2 
Profit and loss account
240,860 
196,895 
Shareholders' funds
240,862 
196,897 
For the year ending 31 March 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 and in accordance with the provisions of FRS 102 Section 1A - Small Entities. The profit and loss account has not been delivered to the Registrar of Companies.
The financial statements were approved by the Board of Directors and authorised for issue on 14 March 2025 and were signed on its behalf by
Mitchell McDonagh Director Company Registration No. 02488918
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Woodcraft Timber Buildings Limited Notes to the Accounts for the year ended 31 March 2024
1
Statutory information
Woodcraft Timber Buildings Limited is a private company, limited by shares, registered in England and Wales, registration number 02488918. The registered office is Unit 16, Redfields Industrial Park Church Crookha, Fleet, GU52 0RD, United Kingdom.
2
Accounting policies
Basis of preparation
These financial statements have been prepared in compliance with FRS 102, ’The Financial Reporting Standard applicable to 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.
Presentation currency
The accounts are presented in £ sterling.
Turnover
Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes.
Inventories
Stocks are valued at the lower of cost and net realisable value, after making due allowance for obsolete and slow moving items.
Tangible fixed assets and depreciation
Tangible assets are included at cost less depreciation and impairment. Depreciation has been provided at the following rates in order to write off the assets over their estimated useful lives:
Land & buildings
10% Straight Line
Plant & machinery
20% Straight Line
Motor vehicles
20% Straight Line
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.
Deferred taxation
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.
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Woodcraft Timber Buildings Limited Notes to the Accounts for the year ended 31 March 2024
3
Tangible fixed assets
Land & buildings 
Plant & machinery 
Motor vehicles 
Total 
£ 
£ 
£ 
£ 
Cost or valuation
At cost 
At cost 
At cost 
At 1 April 2023
34,411 
5,266 
10,995 
50,672 
At 31 March 2024
34,411 
5,266 
10,995 
50,672 
Depreciation
At 1 April 2023
17,205 
5,266 
10,995 
33,466 
Charge for the year
3,441 
- 
- 
3,441 
At 31 March 2024
20,646 
5,266 
10,995 
36,907 
Net book value
At 31 March 2024
13,765 
- 
- 
13,765 
At 31 March 2023
17,206 
- 
- 
17,206 
4
Debtors
2024 
2023 
£ 
£ 
Amounts falling due within one year
VAT
- 
140 
Trade debtors
2,905 
4,447 
Amounts due from group undertakings etc.
241,662 
191,662 
Accrued income and prepayments
3,698 
- 
248,265 
196,249 
5
Creditors: amounts falling due within one year
2024 
2023 
£ 
£ 
Bank loans and overdrafts
8,541 
- 
VAT
3,694 
- 
Trade creditors
13,233 
16,450 
Taxes and social security
4,714 
17,077 
Accruals
- 
2,000 
30,182 
35,527 
6
Share capital
2024 
2023 
£ 
£ 
Allotted, called up and fully paid:
2 Ordinary shares of £1 each
2 
2 
7
Transactions with related parties
Within Debtors is £241,662 (2023 - £191,662) owed from Wroxton Limited which is a company owned by the directors.
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Woodcraft Timber Buildings Limited Notes to the Accounts for the year ended 31 March 2024
8
Controlling party
Wroxton Limited is the parent company. The registered office address is Unit 16 Redfields Industrial Park, Fleet, Hampshire, United Kingdom, GU52 0RD. Wroxton Limited is also itself a subsidiary company. The parent and ultimate holding company is Wroxton Group Holdings Limited.
9
Average number of employees
During the year the average number of employees was 0 (2023: 0).
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