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REGISTERED NUMBER: 10808040 (England and Wales)















Unaudited Financial Statements for the Year Ended 30 June 2024

for

WOOLLEN BUILDING SERVICES LTD

WOOLLEN BUILDING SERVICES LTD (REGISTERED NUMBER: 10808040)






Contents of the Financial Statements
for the Year Ended 30 June 2024




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


WOOLLEN BUILDING SERVICES LTD

Company Information
for the Year Ended 30 June 2024







DIRECTORS: M Duffy
M Duffy





SECRETARY:





REGISTERED OFFICE: Unit 5 Shepcote Enterprise Park
Europa Drive
Sheffield
S9 1XT





REGISTERED NUMBER: 10808040 (England and Wales)





ACCOUNTANT: Hill and Co Accountants
106 Holme Lane
Hillsborough
Sheffield
South Yorkshire
S6 4JW

WOOLLEN BUILDING SERVICES LTD (REGISTERED NUMBER: 10808040)

Balance Sheet
30 June 2024

30/6/24 30/6/23
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 31,711 42,403

CURRENT ASSETS
Stocks 8,875 33,735
Debtors 5 273,773 137,707
Cash at bank and in hand 105,959 22,590
388,607 194,032
CREDITORS
Amounts falling due within one year 6 238,157 132,917
NET CURRENT ASSETS 150,450 61,115
TOTAL ASSETS LESS CURRENT
LIABILITIES

182,161

103,518

CREDITORS
Amounts falling due after more than one
year

7

(31,599

)

(45,513

)

PROVISIONS FOR LIABILITIES (8,056 ) (8,056 )
NET ASSETS 142,506 49,949

CAPITAL AND RESERVES
Called up share capital 2 2
Retained earnings 142,504 49,947
SHAREHOLDERS' FUNDS 142,506 49,949

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 30 June 2024.

The members have not required the company to obtain an audit of its financial statements for the year ended 30 June 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.

WOOLLEN BUILDING SERVICES LTD (REGISTERED NUMBER: 10808040)

Balance Sheet - continued
30 June 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 Income Statement has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 31 January 2025 and were signed on its behalf by:





M Duffy - Director


WOOLLEN BUILDING SERVICES LTD (REGISTERED NUMBER: 10808040)

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

1. STATUTORY INFORMATION

Woollen Building Services Ltd 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.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Plant and machinery etc - 20% on reducing balance, 20% on cost and 15% on reducing balance

Stocks
Stocks and work in progress are valued at the lower of cost and net realisable value, after making due allowance for obsolete and slow moving items.

Cost is calculated using the first-in, first-out method and includes all purchase, transport, and handling costs in bringing stocks to their present location and condition.

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 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.

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.

WOOLLEN BUILDING SERVICES LTD (REGISTERED NUMBER: 10808040)

Notes to the Financial Statements - continued
for the Year Ended 30 June 2024

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 8 (2023 - 8 ) .

4. TANGIBLE FIXED ASSETS
Plant and
machinery
etc
£   
COST
At 1 July 2023
and 30 June 2024 61,269
DEPRECIATION
At 1 July 2023 18,866
Charge for year 10,692
At 30 June 2024 29,558
NET BOOK VALUE
At 30 June 2024 31,711
At 30 June 2023 42,403

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
30/6/24 30/6/23
£    £   
Trade debtors 273,773 137,707

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
30/6/24 30/6/23
£    £   
Hire purchase contracts 6,617 6,874
Trade creditors 81,569 55,155
Taxation and social security 89,303 27,220
Other creditors 60,668 43,668
238,157 132,917

7. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
30/6/24 30/6/23
£    £   
Hire purchase contracts 14,745 21,362
Other creditors 16,854 24,151
31,599 45,513