Caseware UK (AP4) 2024.0.164 2024.0.164 2024-08-312024-08-31The members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.The company's principal activity is the construction of domestic buildings.2023-09-01false65truetruefalse 08650690 2023-09-01 2024-08-31 08650690 2022-09-01 2023-08-31 08650690 2024-08-31 08650690 2023-08-31 08650690 c:Director1 2023-09-01 2024-08-31 08650690 d:PlantMachinery 2023-09-01 2024-08-31 08650690 d:PlantMachinery 2024-08-31 08650690 d:PlantMachinery 2023-08-31 08650690 d:PlantMachinery d:OwnedOrFreeholdAssets 2023-09-01 2024-08-31 08650690 d:MotorVehicles 2023-09-01 2024-08-31 08650690 d:MotorVehicles 2024-08-31 08650690 d:MotorVehicles 2023-08-31 08650690 d:MotorVehicles d:OwnedOrFreeholdAssets 2023-09-01 2024-08-31 08650690 d:FurnitureFittings 2023-09-01 2024-08-31 08650690 d:FurnitureFittings 2024-08-31 08650690 d:FurnitureFittings 2023-08-31 08650690 d:FurnitureFittings d:OwnedOrFreeholdAssets 2023-09-01 2024-08-31 08650690 d:OfficeEquipment 2023-09-01 2024-08-31 08650690 d:OfficeEquipment 2024-08-31 08650690 d:OfficeEquipment 2023-08-31 08650690 d:OfficeEquipment d:OwnedOrFreeholdAssets 2023-09-01 2024-08-31 08650690 d:OwnedOrFreeholdAssets 2023-09-01 2024-08-31 08650690 d:CurrentFinancialInstruments 2024-08-31 08650690 d:CurrentFinancialInstruments 2023-08-31 08650690 d:Non-currentFinancialInstruments 2024-08-31 08650690 d:Non-currentFinancialInstruments 2023-08-31 08650690 d:CurrentFinancialInstruments d:WithinOneYear 2024-08-31 08650690 d:CurrentFinancialInstruments d:WithinOneYear 2023-08-31 08650690 d:Non-currentFinancialInstruments d:AfterOneYear 2024-08-31 08650690 d:Non-currentFinancialInstruments d:AfterOneYear 2023-08-31 08650690 d:Non-currentFinancialInstruments d:BetweenOneTwoYears 2024-08-31 08650690 d:Non-currentFinancialInstruments d:BetweenOneTwoYears 2023-08-31 08650690 d:Non-currentFinancialInstruments d:BetweenTwoFiveYears 2024-08-31 08650690 d:Non-currentFinancialInstruments d:BetweenTwoFiveYears 2023-08-31 08650690 d:Non-currentFinancialInstruments d:MoreThanFiveYears 2024-08-31 08650690 d:Non-currentFinancialInstruments d:MoreThanFiveYears 2023-08-31 08650690 d:ShareCapital 2024-08-31 08650690 d:ShareCapital 2023-08-31 08650690 d:RetainedEarningsAccumulatedLosses 2024-08-31 08650690 d:RetainedEarningsAccumulatedLosses 2023-08-31 08650690 c:OrdinaryShareClass2 2023-09-01 2024-08-31 08650690 c:OrdinaryShareClass2 2024-08-31 08650690 c:OrdinaryShareClass2 2023-08-31 08650690 c:OrdinaryShareClass3 2023-09-01 2024-08-31 08650690 c:OrdinaryShareClass3 2024-08-31 08650690 c:OrdinaryShareClass3 2023-08-31 08650690 c:FRS102 2023-09-01 2024-08-31 08650690 c:AuditExempt-NoAccountantsReport 2023-09-01 2024-08-31 08650690 c:FullAccounts 2023-09-01 2024-08-31 08650690 c:PrivateLimitedCompanyLtd 2023-09-01 2024-08-31 08650690 2 2023-09-01 2024-08-31 08650690 e:PoundSterling 2023-09-01 2024-08-31 iso4217:GBP xbrli:shares xbrli:pure

Registered number: 08650690









WOODOAK LIMITED







UNAUDITED

FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 AUGUST 2024

 
WOODOAK LIMITED
REGISTERED NUMBER: 08650690

BALANCE SHEET
AS AT 31 AUGUST 2024

2024
2023
Note
£
£

FIXED ASSETS
  

Tangible assets
 4 
101,821
111,594

  
101,821
111,594

CURRENT ASSETS
  

Stocks
  
1,400,868
1,613,237

Debtors: amounts falling due within one year
 5 
35,894
25,117

Cash at bank and in hand
  
28,740
44,678

  
1,465,502
1,683,032

Creditors: amounts falling due within one year
 6 
(679,331)
(636,095)

NET CURRENT ASSETS
  
 
 
786,171
 
 
1,046,937

TOTAL ASSETS LESS CURRENT LIABILITIES
  
887,992
1,158,531

Creditors: amounts falling due after more than one year
 7 
(1,457,515)
(1,691,800)

  

NET LIABILITIES
  
(569,523)
(533,269)


CAPITAL AND RESERVES
  

Called up share capital 
 9 
10
10

Profit and loss account
  
(569,533)
(533,279)

  
(569,523)
(533,269)


The director considers that the Company is entitled to exemption from audit under section 477 of the Companies Act 2006 and members have not required the Company to obtain an audit for the year in question in accordance with section 476 of the Companies Act 2006.

The director acknowledges his responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of financial statements.

The financial statements have been prepared 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 financial statements have been delivered in accordance with the provisions applicable to companies subject to the small companies regime.

The Company has opted not to file the profit and loss account in accordance with provisions applicable to companies subject to the small companies' regime.

Page 1

 
WOODOAK LIMITED
REGISTERED NUMBER: 08650690
    
BALANCE SHEET (CONTINUED)
AS AT 31 AUGUST 2024

The financial statements were approved and authorised for issue by the board and were signed on its behalf by: 






Mr T O Joyce
Director

Date: 17 March 2025

The notes on pages 3 to 8 form part of these financial statements.

Page 2

 
WOODOAK LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 AUGUST 2024

1.


GENERAL INFORMATION

Woodoak Limited is a private company limited by shares and incorporated in England and Wales. Its registered office is Lewis House, Great Chesterford Court, Great Chesterford, Essex, CB10 1PF.
The Company's functional and presentational currency is GBP.

2.ACCOUNTING POLICIES

 
2.1

BASIS OF PREPARATION OF FINANCIAL STATEMENTS

The financial statements have been prepared under the historical cost convention unless otherwise specified within these accounting policies and in accordance with FRS 102 'The Financial Reporting Standard applicable in the UK and the Republic of Ireland' and the requirements of the Companies Act 2006. The disclosure requirements of Section 1A of FRS 102 have been applied other than where additional disclosure is required to show a true and fair view.

The following principal accounting policies have been applied:

 
2.2

GOING CONCERN

The Company has net liabilities as at 31 August 2024 amounting to £569,523 (2023 - £533,269).
The financial statements are prepared on the going concern basis on the assumption that the Company will continue to receive sufficient financial support from its shareholders to provide sufficient funds to enable it to meet its liabilities as they fall due.

 
2.3

TURNOVER

Turnover comprises development property sales recognised during the period, exclusive of Value Added Tax. Development property sales are recognised on the legal completion of the contract for salue of the residential property.

 
2.4

INTEREST INCOME

Interest income is recognised in profit or loss using the effective interest method.

 
2.5

FINANCE COSTS

Finance costs are charged to profit or loss over the term of the debt using the effective interest method so that the amount charged is at a constant rate on the carrying amount. Issue costs are initially recognised as a reduction in the proceeds of the associated capital instrument.

 
2.6

PENSIONS

DEFINED CONTRIBUTION PENSION PLAN

The Company operates a defined contribution plan for its employees. A defined contribution plan is a pension plan under which the Company pays fixed contributions into a separate entity. Once the contributions have been paid the Company has no further payment obligations.

The contributions are recognised as an expense in profit or loss when they fall due. Amounts not paid are shown in accruals as a liability in the Balance Sheet. The assets of the plan are held separately from the Company in independently administered funds.

Page 3

 
WOODOAK LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 AUGUST 2024

2.ACCOUNTING POLICIES (CONTINUED)

 
2.7

TANGIBLE FIXED ASSETS

Tangible fixed assets under the cost model are stated at historical cost less accumulated depreciation and any accumulated impairment losses. Historical cost includes expenditure that is directly attributable to bringing the asset to the location and condition necessary for it to be capable of operating in the manner intended by management.

Depreciation is charged so as to allocate the cost of assets less their residual value over their estimated useful lives, using the straight-line method.

Depreciation is provided on the following basis:

Plant and machinery
-
3-4 years straight line
Motor vehicles
-
5 years straight line
Fixtures and fittings
-
4 years straight line
Office equipment
-
3 years straight line

The assets' residual values, useful lives and depreciation methods are reviewed, and adjusted prospectively if appropriate, or if there is an indication of a significant change since the last reporting date.

Gains and losses on disposals are determined by comparing the proceeds with the carrying amount and are recognised in profit or loss.

 
2.8

WORK IN PROGRESS

Work in progress comprises property development costs capitalised and carried forward under ongoing contracts/projects. Work in progress is stated at the lower of cost and net realisable value. At each balance sheet date, work in progress is assessed for impairment. If an impairment is required then the carrying amount is reduced to its recoverable amount. The impairment loss is recognised immediately in the profit and loss account.

 
2.9

DEBTORS

Short-term debtors are measured at transaction price, less any impairment. Loans receivable are measured initially at fair value, net of transaction costs, and are measured subsequently at amortised cost using the effective interest method, less any impairment.

 
2.10

CASH AND CASH EQUIVALENTS

Cash is represented by cash in hand and deposits with financial institutions repayable without penalty on notice of not more than 24 hours. Cash equivalents are highly liquid investments that mature in no more than three months from the date of acquisition and that are readily convertible to known amounts of cash with insignificant risk of change in value.

 
2.11

CREDITORS

Short-term creditors are measured at the transaction price. Other financial liabilities, including bank loans, are measured initially at fair value, net of transaction costs, and are measured subsequently at amortised cost using the effective interest method.

Page 4

 
WOODOAK LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 AUGUST 2024

3.


EMPLOYEES

The average monthly number of employees, including directors, during the year was 6 (2023 - 5).



4.


TANGIBLE FIXED ASSETS





Plant and machinery
Motor vehicles
Fixtures and fittings
Office equipment
Total

£
£
£
£
£



COST


At 1 September 2023
53,649
131,469
158
4,894
190,170


Additions
16,600
6,500
-
780
23,880


Disposals
(20,950)
-
-
-
(20,950)



At 31 August 2024

49,299
137,969
158
5,674
193,100



DEPRECIATION


At 1 September 2023
51,980
21,790
158
4,648
78,576


Charge for the year on owned assets
5,819
27,377
-
457
33,653


Disposals
(20,950)
-
-
-
(20,950)



At 31 August 2024

36,849
49,167
158
5,105
91,279



NET BOOK VALUE



At 31 August 2024
12,450
88,802
-
569
101,821



At 31 August 2023
1,669
109,679
-
246
111,594

Page 5

 
WOODOAK LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 AUGUST 2024

5.


DEBTORS

2024
2023
£
£


Other debtors
33,932
22,629

Prepayments and accrued income
1,962
2,488

35,894
25,117



6.


CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2024
2023
£
£

Bank loans
5,556
5,555

Trade creditors
24,874
50,231

Other taxation and social security
7,169
8,838

Other creditors
24,947
40,836

Accruals and deferred income
616,785
530,635

679,331
636,095


Bank loans includes a Government backed 'Bounce Back' loan, which was drawn down in June 2020. This loan is 100% gauranteed by the Government and there were no fees or interest payable in the first 12 months. After this period interest is charged at 2.5% per annum.


7.


CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR

2024
2023
£
£

Debentures loans
1,430,662
1,659,393

Bank loans
26,853
32,407

1,457,515
1,691,800


Bank loans includes a Government backed 'Bounce Back' loan, which was drawn down in June 2020. This loan is 100% gauranteed by the Government and there were no fees or interest payable in the first 12 months. After this period interest is charged at 2.5% per annum.
The debenture is secured against the assets of the Company.

Page 6

 
WOODOAK LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 AUGUST 2024

8.


LOANS


Analysis of the maturity of loans is given below:


2024
2023
£
£

AMOUNTS FALLING DUE WITHIN ONE YEAR

Bank loans
5,556
5,555


5,556
5,555

AMOUNTS FALLING DUE 1-2 YEARS

Bank loans
5,556
5,556


5,556
5,556

AMOUNTS FALLING DUE 2-5 YEARS

Bank loans
16,667
16,667


16,667
16,667

AMOUNTS FALLING DUE AFTER MORE THAN 5 YEARS

Bank loans
4,630
10,184

Debenture loans
1,430,662
1,659,393

1,435,292
1,669,577

1,463,071
1,697,355



9.


SHARE CAPITAL

2024
2023
£
£
ALLOTTED, CALLED UP AND FULLY PAID



9 (2023 - 9) Ordinary A shares of £1.00 each
9
9
1 (2023 - 1) Ordinary B share of £1.00
1
1

10

10


Page 7

 
WOODOAK LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 AUGUST 2024

10.


PENSION COMMITMENTS

The Company operates a defined contribution penson scheme. The assets of the scheme are held separately from those of the Company in and independently administered fund. The pension cost represents contributions payable by the Company and amounted to £60,000 (2023 - £100,000).

 
Page 8