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Registration number: 10286250

Woodenhouse Design and Build Limited

Annual Report and Unaudited Filleted Financial Statements

for the Year Ended 31 July 2024

 

Woodenhouse Design and Build Limited

Contents

Company Information

1

Balance Sheet

2 to 3

Notes to the Unaudited Financial Statements

4 to 8

 

Woodenhouse Design and Build Limited

Company Information

Directors

J Bosanquet

W La Trobe-Bateman

Registered office

Tor View
Constitution Hill
Wells
Somerset
BA5 3NS

Accountants

Burton Sweet
Chartered accountants & business advisers
Cooper House
Lower Charlton Estate
Shepton Mallet
Somerset
BA4 5QE

 

Woodenhouse Design and Build Limited

(Registration number: 10286250)
Balance Sheet
31 July 2024

Note

2024
£

2023
£

Fixed assets

 

Intangible assets

4

55,520

62,460

Tangible assets

5

22,793

25,691

 

78,313

88,151

Current assets

 

Debtors

6

660

660

Cash at bank and in hand

 

177,311

182,697

 

177,971

183,357

Creditors: Amounts falling due within one year

7

(58,593)

(74,235)

Net current assets

 

119,378

109,122

Net assets

 

197,691

197,273

Capital and reserves

 

Called up share capital

100

100

Retained earnings

197,591

197,173

Shareholders' funds

 

197,691

197,273

 

Woodenhouse Design and Build Limited

(Registration number: 10286250)
Balance Sheet
31 July 2024

For the financial year ending 31 July 2024 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

Directors' responsibilities:

The members have not required the company to obtain an audit of its accounts for the year in question in accordance with section 476; and

The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.

These financial statements have been prepared in accordance with the special provisions relating to companies subject to the small companies regime within Part 15 of the Companies Act 2006.

These financial statements have been delivered in accordance with the provisions applicable to companies subject to the small companies regime. As permitted by section 444 (5A) of the Companies Act 2006, the directors have not delivered to the registrar a copy of the Profit and Loss Account.

Approved and authorised by the Board on 1 April 2025 and signed on its behalf by:
 

.........................................
J Bosanquet
Director

 

Woodenhouse Design and Build Limited

Notes to the Unaudited Financial Statements
Year Ended 31 July 2024

1

General information

The company is a private company limited by share capital, incorporated in England and Wales.

The address of its registered office is:
Tor View
Constitution Hill
Wells
Somerset
BA5 3NS

These financial statements were authorised for issue by the Board on 1 April 2025.

2

Accounting policies

Summary of significant accounting policies and key accounting estimates

The principal accounting policies applied in the preparation of these financial statements are set out below. These policies have been consistently applied to all the years presented, unless otherwise stated.

Statement of compliance

These financial statements have been prepared in accordance with Financial Reporting Standard 102 Section 1A smaller entities - 'The Financial Reporting Standard applicable in the United Kingdom and Republic of Ireland' and the Companies Act 2006 (as applicable to companies subject to the small companies' regime).

Basis of preparation

These financial statements have been prepared using the historical cost convention except that as disclosed in the accounting policies certain items are shown at fair value.

Going concern

The financial statements have been prepared on a going concern basis.

Revenue recognition

Turnover comprises the fair value of the consideration received or receivable for the sale of goods and provision of services in the ordinary course of the company’s activities. Turnover is shown net of sales/value added tax, returns, rebates and discounts.

The company recognises revenue when:
The amount of revenue can be reliably measured;
it is probable that future economic benefits will flow to the entity;
and specific criteria have been met for each of the company's activities.

 

Woodenhouse Design and Build Limited

Notes to the Unaudited Financial Statements
Year Ended 31 July 2024

Tax

The tax expense for the period comprises current tax. Tax is recognised in profit or loss, except that a change attributable to an item of income or expense recognised as other comprehensive income is also recognised directly in other comprehensive income.

The current corporation tax charge is calculated on the basis of tax rates and laws that have been enacted or substantively enacted by the reporting date in the countries where the company operates and generates taxable income.

Tangible assets

Tangible assets are stated in the balance sheet at cost, less any subsequent accumulated depreciation and subsequent accumulated impairment losses.

The cost of tangible assets includes directly attributable incremental costs incurred in their acquisition and installation.

Depreciation

Depreciation is charged so as to write off the cost of assets, other than land and properties under construction over their estimated useful lives, as follows:

Asset class

Depreciation method and rate

Tools & equipment

20% on the reducing balance

Office equipment

20% on the reducing balance

Motor vehicles

20% on the reducing balance

Goodwill

Goodwill arising on the acquisition of an entity represents the excess of the cost of acquisition over the company’s interest in the net fair value of the identifiable assets, liabilities and contingent liabilities of the entity recognised at the date of acquisition. Goodwill is initially recognised as an asset at cost and is subsequently measured at cost less accumulated amortisation and accumulated impairment losses. Goodwill is held in the currency of the acquired entity and revalued to the closing rate at each reporting period date. Goodwill is amortised over its useful life, which shall not exceed ten years if a reliable estimate of the useful life cannot be made.

Amortisation

Amortisation is provided on intangible assets so as to write off the cost, less any estimated residual value, over their useful life as follows:

Asset class

Amortisation method and rate

Goodwill

Over 10 years on a straight line basis

 

Woodenhouse Design and Build Limited

Notes to the Unaudited Financial Statements
Year Ended 31 July 2024

Cash and cash equivalents

Cash and cash equivalents comprise cash on hand and call deposits, and other short-term highly liquid investments that are readily convertible to a known amount of cash and are subject to an insignificant risk of change in value.

Trade debtors

Trade debtors are amounts due from customers for merchandise sold or services performed in the ordinary course of business.

Trade debtors are recognised initially at the transaction price. They are subsequently measured at amortised cost using the effective interest method, less provision for impairment. A provision for the impairment of trade debtors is established when there is objective evidence that the company will not be able to collect all amounts due according to the original terms of the receivables.

Trade creditors

Trade creditors are obligations to pay for goods or services that have been acquired in the ordinary course of business from suppliers. Accounts payable are classified as current liabilities if the company does not have an unconditional right, at the end of the reporting period, to defer settlement of the creditor for at least twelve months after the reporting date. If there is an unconditional right to defer settlement for at least twelve months after the reporting date, they are presented as non-current liabilities.

Trade creditors are recognised initially at the transaction price and subsequently measured at amortised cost using the effective interest method.

3

Staff numbers

The average number of persons employed by the company (including directors) during the year, was 2 (2023 - 2).

 

Woodenhouse Design and Build Limited

Notes to the Unaudited Financial Statements
Year Ended 31 July 2024

4

Intangible assets

Goodwill
 £

Total
£

Cost or valuation

At 1 August 2023

69,400

69,400

At 31 July 2024

69,400

69,400

Amortisation

At 1 August 2023

6,940

6,940

Amortisation charge

6,940

6,940

At 31 July 2024

13,880

13,880

Carrying amount

At 31 July 2024

55,520

55,520

At 31 July 2023

62,460

62,460

5

Tangible assets

Plant and machinery
£

Office equipment
£

Motor vehicles
 £

Total
£

Cost or valuation

At 1 August 2023

12,958

12,027

30,600

55,585

Additions

993

1,808

-

2,801

At 31 July 2024

13,951

13,835

30,600

58,386

Depreciation

At 1 August 2023

5,406

6,422

18,066

29,894

Charge for the year

1,709

1,483

2,507

5,699

At 31 July 2024

7,115

7,905

20,573

35,593

Carrying amount

At 31 July 2024

6,836

5,930

10,027

22,793

At 31 July 2023

7,552

5,605

12,534

25,691

 

Woodenhouse Design and Build Limited

Notes to the Unaudited Financial Statements
Year Ended 31 July 2024

6

Debtors

2024
£

2023
£

Prepayments

660

660

660

660

7

Creditors

Creditors: amounts falling due within one year

2024
£

2023
£

Due within one year

Taxation and social security

56,761

73,197

Accruals and deferred income

1,835

1,000

Other creditors

(3)

38

58,593

74,235