Registered number
08218195
John Wood Coast and Country Limited
Filleted Accounts
30 September 2024
John Wood Coast and Country Limited
Registered number: 08218195
Balance Sheet
as at 30 September 2024
Notes 2024 2023
£ £
Fixed assets
Intangible assets 3 34,231 37,724
Tangible assets 4 199 487
34,430 38,211
Current assets
Stocks 79,725 110,725
Debtors 5 12,020 180
Cash at bank and in hand 10,825 38,838
102,570 149,743
Creditors: amounts falling due within one year 6 (74,549) (105,297)
Net current assets 28,021 44,446
Total assets less current liabilities 62,451 82,657
Creditors: amounts falling due after more than one year 7 (46,095) (58,686)
Provisions for liabilities (38) (93)
Net assets 16,318 23,878
Capital and reserves
Called up share capital 2 2
Profit and loss account 16,316 23,876
Shareholder's funds 16,318 23,878
The director is satisfied that the company is entitled to exemption from the requirement to obtain an audit under section 477 of the Companies Act 2006.
The member has not required the company to obtain an audit in accordance with section 476 of the Act.
The director acknowledges his responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of accounts.
The accounts have been prepared and delivered in accordance with the special provisions applicable to companies subject to the small companies regime. The profit and loss account has not been delivered to the Registrar of Companies.
B Wapshott
Director
Approved by the board on 26 March 2025
John Wood Coast and Country Limited
Notes to the Accounts
for the year ended 30 September 2024
1 Accounting policies
Basis of preparation
The accounts have been prepared under the historical cost convention and in accordance with FRS 102, The Financial Reporting Standard applicable in the UK and Republic of Ireland (as applied to small entities by section 1A of the standard).
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 from the sale of goods is recognised when the significant risks and rewards of ownership of the goods have transferred to the buyer. 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.
Intangible fixed assets
Intangible fixed assets are measured at cost less accumulative amortisation and any accumulative impairment losses.
Tangible fixed assets
Tangible fixed assets are measured at cost less accumulative depreciation and any accumulative impairment losses. Depreciation is provided on all tangible fixed assets, other than freehold land, at rates calculated to write off the cost, less estimated residual value, of each asset evenly over its expected useful life, as follows:
Fixtures, fittings, tools and equipment over 4 years
Debtors
Short term debtors are measured at transaction price (which is usually the invoice price), less any impairment losses for bad and doubtful debts. Loans and other financial assets are initially recognised at transaction price including any transaction costs and subsequently measured at amortised cost determined using the effective interest method, less any impairment losses for bad and doubtful debts.
Creditors
Short term creditors are measured at transaction price (which is usually the invoice price). Loans and other financial liabilities are initially recognised at transaction price net of any transaction costs and subsequently measured at amortised cost determined using the effective interest method.
Taxation
A current tax liability is recognised for the tax payable on the taxable profit of the current and past periods. A current tax asset is recognised in respect of a tax loss that can be carried back to recover tax paid in a previous period. Deferred tax is recognised in respect of all timing differences between the recognition of income and expenses in the financial statements and their inclusion in tax assessments. 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. Deferred tax is measured using the tax rates and laws that have been enacted or substantively enacted by the reporting date and that are expected to apply to the reversal of the timing difference, except for revalued land and investment property where the tax rate that applies to the sale of the asset is used. Current and deferred tax assets and liabilities are not discounted.
2 Employees 2024 2023
Number Number
Average number of persons employed by the company 4 4
3 Intangible fixed assets £
Goodwill:
Cost
At 1 October 2023 69,850
At 30 September 2024 69,850
Amortisation
At 1 October 2023 32,126
Provided during the year 3,493
At 30 September 2024 35,619
Net book value
At 30 September 2024 34,231
At 30 September 2023 37,724
Goodwill is being written off in equal annual instalments over its estimated economic life of 20 years. No ammortisation has been provided in the year of acquisition.
4 Tangible fixed assets
Plant and machinery etc
£
Cost
At 1 October 2023 15,104
At 30 September 2024 15,104
Depreciation
At 1 October 2023 14,617
Charge for the year 288
At 30 September 2024 14,905
Net book value
At 30 September 2024 199
At 30 September 2023 487
5 Debtors 2024 2023
£ £
Trade debtors 12,020 180
6 Creditors: amounts falling due within one year 2024 2023
£ £
Bank loans and overdrafts 30,831 34,296
Trade creditors 5,041 4,589
Taxation and social security costs 16,058 11,108
Other creditors 22,619 55,304
74,549 105,297
7 Creditors: amounts falling due after one year 2024 2023
£ £
Bank loans 46,095 58,686
8 Controlling party
The company is controlled by the director.
9 Other information
John Wood Coast and Country Limited is a private company limited by shares and incorporated in England. Its registered office is:
49 Queen Street
Seaton
Devon
EX12 2RB
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