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
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
Woodcraft Timber Buildings Limited
Statement of financial position
as at 31 March 2024
Tangible assets
13,765
17,206
Cash at bank and in hand
4,014
13,969
Creditors: amounts falling due within one year
(30,182)
(35,527)
Net current assets
227,097
179,691
Net assets
240,862
196,897
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
Woodcraft Timber Buildings Limited
Notes to the Accounts
for the year ended 31 March 2024
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.
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.
The accounts are presented in £ sterling.
Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes.
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 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 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.
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
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
At 31 March 2024
13,765
-
-
13,765
At 31 March 2023
17,206
-
-
17,206
Amounts falling due within one year
Amounts due from group undertakings etc.
241,662
191,662
Accrued income and prepayments
3,698
-
5
Creditors: amounts falling due within one year
2024
2023
Bank loans and overdrafts
8,541
-
Trade creditors
13,233
16,450
Taxes and social security
4,714
17,077
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.
Woodcraft Timber Buildings Limited
Notes to the Accounts
for the year ended 31 March 2024
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).