REGISTERED NUMBER: 05933686 (England and Wales)

Unaudited Financial Statements for the Year Ended 30 September 2024

for

Woldtech Limited

Page

Company information

1

Balance sheet

2

Notes to the financial statements

4

Directors:

Mr K R Smallwood

Mrs G Smallwood

Registered office:

Development House

East End

Kilham

Driffield

East Yorkshire

YO25 4RY

Registered number:

05933686 (England and Wales)

Accountants:

Ullyott Limited

6 George Street

Driffield

East Yorkshire

YO25 6RA

FIXED ASSETS

Tangible assets

4

52,289

66,795

CURRENT ASSETS

Stocks

5

500

3,263

Debtors

6

51,910

95,594

Cash at bank

10,076

26,984

62,486

125,841

CREDITORS

Amounts falling due within one year

7

52,837

60,869

NET CURRENT ASSETS

9,649

64,972

TOTAL ASSETS LESS CURRENT LIABILITIES

61,938

131,767

CREDITORS

Amounts falling due after more than one year

8

(30,000

)

(90,000

)

PROVISIONS FOR LIABILITIES

9

(9,935

)

(12,691

)

NET ASSETS

22,003

29,076

CAPITAL AND RESERVES

Called up share capital

10

100

100

Retained earnings

21,903

28,976

SHAREHOLDERS' FUNDS

22,003

29,076

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

The members have not required the company to obtain an audit of its financial statements for the year ended 30 September 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 12 March 2025 and were signed on its behalf by:

Mr K R Smallwood - Director

1.	STATUTORY INFORMATION

Woldtech 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 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

-

20% on reducing balance

Equipment

-

25% on reducing balance

Motor vehicles

-

20% on reducing balance

Computer equipment

-

20% on reducing balance

STOCKS

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

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.

3.	EMPLOYEES AND DIRECTORS

The average number of employees during the year was 3 (2023 - 3 ) .

4.	TANGIBLE FIXED ASSETS

Plant and

Motor

Computer

machinery

Equipment

vehicles

equipment

Totals

£

£

£

£

£

COST

At 1 October 2023

9,330

13,825

96,742

13,505

133,402

Disposals

-

-

(5,230

)

-

(5,230

)

At 30 September 2024

9,330

13,825

91,512

13,505

128,172

DEPRECIATION

At 1 October 2023

5,325

10,999

42,123

8,160

66,607

Charge for year

801

706

10,673

1,070

13,250

Eliminated on disposal

-

-

(3,974

)

-

(3,974

)

At 30 September 2024

6,126

11,705

48,822

9,230

75,883

NET BOOK VALUE

At 30 September 2024

3,204

2,120

42,690

4,275

52,289

At 30 September 2023

4,005

2,826

54,619

5,345

66,795

5.

STOCKS

2024

2023

£

£

Finished goods

500

3,263

6.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2024

2023

£

£

Trade debtors

51,910

50,985

Amounts owed by associates

-

44,362

Other debtors

-

247

51,910

95,594

7.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2024

2023

£

£

Trade creditors

12,087

19,114

Corporation tax

21,952

15,560

VAT

8,858

14,111

Other creditors

2,640

857

Directors' current accounts

5,500

9,427

Accruals and deferred income

1,800

1,800

52,837

60,869

8.

CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR

2024

2023

£

£

Directors' loan accounts

30,000

90,000

9.	PROVISIONS FOR LIABILITIES

2024

2023

£

£

Deferred tax

9,935

12,691

Deferred

tax

£

Balance at 1 October 2023

12,691

Provided during year

(2,756

)

Balance at 30 September 2024

9,935

10.	CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:

Number:

Class:

Nominal

2024

2023

value:

£

£

100

Ordinary

£1

100

100