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REGISTERED NUMBER: 10810956 (England and Wales)



































Woodcock Contracting Limited

Unaudited Financial Statements

for the Year Ended 29th June 2024






Woodcock Contracting Limited (Registered number: 10810956)






Contents of the Financial Statements
for the year ended 29th June 2024




Page

Company information 1

Balance sheet 2 to 3

Notes to the financial statements 4 to 7


Woodcock Contracting Limited

Company Information
for the year ended 29th June 2024







Directors: M J Woodcock
Miss C K Rodgers





Registered office: The Woodshack
The Hagg Farm
Cornhill on Tweed
Northumberland
TD12 4RT





Registered number: 10810956 (England and Wales)





Accountants: Rennie Welch LLP
Academy House
Shedden Park Road
Kelso
Roxburghshire
TD5 7AL

Woodcock Contracting Limited (Registered number: 10810956)

Balance Sheet
29th June 2024

2024 2023
Notes £    £    £    £   
Fixed assets
Tangible assets 4 480,802 129,356

Current assets
Stocks 11,572 6,502
Debtors 5 68,031 28,946
Cash at bank 24,682 130,823
104,285 166,271
Creditors
Amounts falling due within one year 6 242,292 153,371
Net current (liabilities)/assets (138,007 ) 12,900
Total assets less current liabilities 342,795 142,256

Creditors
Amounts falling due after more than one
year

7

(147,535

)

(454

)

Provisions for liabilities (49,598 ) (28,458 )
Net assets 145,662 113,344

Capital and reserves
Called up share capital 100 100
Retained earnings 145,562 113,244
145,662 113,344

Woodcock Contracting Limited (Registered number: 10810956)

Balance Sheet - continued
29th June 2024


The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 29th June 2024.

The members have not required the company to obtain an audit of its financial statements for the year ended 29th 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.

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 Statement of income and retained earnings has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 28th March 2025 and were signed on its behalf by:





M J Woodcock - Director


Woodcock Contracting Limited (Registered number: 10810956)

Notes to the Financial Statements
for the year ended 29th June 2024

1. Statutory information

Woodcock Contracting Limited 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 represents the total invoice value, excluding value added tax, of sales invoiced during the year, or the fair value of services provided for amounts not invoiced at the year end.

Turnover arising from the sale of goods is recognised when the significant risks and rewards of ownership have passed to the buyer. Turnover arising from the provision of services is recognised as contract activity progresses and the right to consideration is earned.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off the cost less estimated residual value of each asset over its estimated useful life.
Improvements to property - 2% on cost
Equipment - 25% on cost and 20% on reducing balance
Tractors - not provided
Motor vehicles - 20% on reducing balance

Tangible fixed assets are stated at cost less accumulated depreciation and accumulated impairment losses.

Stocks
Stock is valued at the lower of cost and estimated selling price less costs to sell. In respect of work in progress and finished goods, cost includes a relevant proportion of overheads according to the stage of completion.

Financial instruments
The following assets and liabilities are classified as financial instruments - trade debtors, trade creditors, accruals, hire purchase contracts, other loans, bank loans and directors' loans.

Bank loans and hire purchase contracts are initially measured at the present value of future payments, discounted at a market rate of interest, and subsequently at amortised cost using the effective interest method.

Directors' loans (being repayable on demand), trade debtors, trade creditors, accruals and other loans are measured at the undiscounted amount of the cash or other consideration expected to be paid or received.

Financial assets that are measured at amortised cost are assessed at the end of each reporting period for objective evidence of impairment. If objective evidence of impairment is found, an impairment loss is recognised in the statement of income and retained earnings.


Woodcock Contracting Limited (Registered number: 10810956)

Notes to the Financial Statements - continued
for the year ended 29th June 2024

2. Accounting policies - continued
Taxation
Taxation for the year comprises current and deferred tax. Tax is recognised in the statement of income and retained earnings, 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.

Assets obtained under hire purchase contracts or finance leases are capitlaised in the balance sheet. Those held under hire purchase contracts are depreciated over their estimated useful lives. These held under finance leases are depreciated over their estimated useful lives or the lease term, whichever is the shorter.

The interest element of these obligations is charged to profit or loss over the relevant period. The capital element of the future payments is treated as a liability.

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.

Provisions
Provisions are set up only where it is probable that a present obligation exists as a result of an event prior to the balance sheet date and that a payment will be required in settlement that can be estimated reliably. Where material, provisions are calculated on a discounted basis.

Employee benefits
Short term employee benefits, including holiday pay, are recognised as an expense in the statement of income and retained earnings in the period in which they are incurred.

Going concern
The directors have considered the company's financial position for a period of 12 months and beyond from the date of signing these financial statements and have reasonable expectation that the company has adequate resources to continue in operational existence for the foreseeable future. Accordingly, they continue to adopt the going concern basis in preparing these financial statements.

3. Employees and directors

The average number of employees during the year was 1 (2023 - 1 ) .

Woodcock Contracting Limited (Registered number: 10810956)

Notes to the Financial Statements - continued
for the year ended 29th June 2024

4. Tangible fixed assets
Improvements
to Motor
property Equipment Tractors vehicles Totals
£    £    £    £    £   
Cost
At 30th June 2023 - 158,516 48,200 42,261 248,977
Additions 86,448 304,992 - - 391,440
Disposals - (3,800 ) - - (3,800 )
At 29th June 2024 86,448 459,708 48,200 42,261 636,617
Depreciation
At 30th June 2023 - 93,404 17,729 8,488 119,621
Charge for year 726 35,277 - 2,684 38,687
Eliminated on disposal - (2,493 ) - - (2,493 )
At 29th June 2024 726 126,188 17,729 11,172 155,815
Net book value
At 29th June 2024 85,722 333,520 30,471 31,089 480,802
At 29th June 2023 - 65,112 30,471 33,773 129,356

5. Debtors: amounts falling due within one year
2024 2023
£    £   
Trade debtors 32,134 23,613
Amounts recoverable on contract 1,807 333
Other debtors 34,090 5,000
68,031 28,946

6. Creditors: amounts falling due within one year
2024 2023
£    £   
Bank loans and overdrafts 85,609 3,531
Hire purchase contracts 21,052 7,003
Trade creditors 7,787 305
Taxation and social security 5,505 22,495
Other creditors 122,339 120,037
242,292 153,371

7. Creditors: amounts falling due after more than one year
2024 2023
£    £   
Bank loans 105,471 -
Hire purchase contracts 42,064 454
147,535 454

Woodcock Contracting Limited (Registered number: 10810956)

Notes to the Financial Statements - continued
for the year ended 29th June 2024

8. Secured debts

The following secured debts are included within creditors:

2024 2023
£    £   
Hire purchase contracts 63,116 7,457

Hire purchase contracts are secured against the assets to which they relate.

Barclays Security Trustee Limited holds a fixed and floating charge which covers all the property or undertaking of the company.