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Company Registration No. SC214038 (Scotland)
G. Woods Bathrooms Limited Unaudited accounts for the year ended 28 January 2025
G. Woods Bathrooms Limited Unaudited accounts Contents
Page
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G. Woods Bathrooms Limited Company Information for the year ended 28 January 2025
Directors
Anthony Woods Gerard Woods Michael Woods Patricia Woods
Company Number
SC214038 (Scotland)
Registered Office
TEXTILE HOUSE 3 DUKE STREET PAISLEY RENFREWSHIRE PA2 6RF
Accountants
Ascent Accounting Ltd Studio 106 Embroidery Mill Seedhill Paisley PA1 1TJ
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G. Woods Bathrooms Limited Statement of financial position as at 28 January 2025
2025 
2024 
Notes
£ 
£ 
Fixed assets
Tangible assets
31,140 
41,206 
Current assets
Inventories
25,862 
30,426 
Debtors
21,191 
31,978 
Cash at bank and in hand
15,498 
12,647 
62,551 
75,051 
Creditors: amounts falling due within one year
(180,587)
(192,017)
Net current liabilities
(118,036)
(116,966)
Total assets less current liabilities
(86,896)
(75,760)
Creditors: amounts falling due after more than one year
(28,044)
(47,299)
Net liabilities
(114,940)
(123,059)
Capital and reserves
Called up share capital
1,000 
1,000 
Profit and loss account
(115,940)
(124,059)
Shareholders' funds
(114,940)
(123,059)
For the year ending 28 January 2025 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies. The members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.
The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.
These accounts have been prepared and delivered 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 profit and loss account has not been delivered to the Registrar of Companies.
The financial statements were approved by the Board of Directors and authorised for issue on 8 April 2025 and were signed on its behalf by
Gerard Woods Director Company Registration No. SC214038
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G. Woods Bathrooms Limited Notes to the Accounts for the year ended 28 January 2025
1
Statutory information
G. Woods Bathrooms Limited is a private company, limited by shares, registered in Scotland, registration number SC214038. The registered office is TEXTILE HOUSE, 3 DUKE STREET, PAISLEY, RENFREWSHIRE, PA2 6RF.
2
Compliance with accounting standards
The accounts have been prepared in accordance with the provisions of FRS 102 Section 1A Small Entities. There were no material departures from that standard.
3
Accounting policies
The principal accounting policies adopted in the preparation of the financial statements are set out below and have remained unchanged from the previous year, and also have been consistently applied within the same accounts.
Basis of preparation
The accounts have been prepared under the historical cost convention as modified by the revaluation of certain fixed assets.
Presentation currency
The accounts are presented in £ sterling.
Tangible fixed assets and depreciation
Tangible assets are included at cost less depreciation and impairment. Depreciation has been provided at the following rates in order to write off the assets over their estimated useful lives:
Plant & machinery
20% Reducing Balance
Motor vehicles
25% Reducing Balance
Fixtures & fittings
25% Reducing Balance
Computer equipment
25% Reducing Balance
Intangible fixed assets
Intangible fixed assets (including purchased goodwill and patents) are included at cost less accumulated amortisation.
4
Intangible fixed assets
Goodwill 
£ 
Cost
At 29 January 2024
9,000 
At 28 January 2025
9,000 
Amortisation
At 29 January 2024
9,000 
At 28 January 2025
9,000 
Net book value
At 28 January 2025
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G. Woods Bathrooms Limited Notes to the Accounts for the year ended 28 January 2025
5
Tangible fixed assets
Plant & machinery 
Motor vehicles 
Fixtures & fittings 
Computer equipment 
Total 
£ 
£ 
£ 
£ 
£ 
Cost or valuation
At cost 
At cost 
At cost 
At cost 
At 29 January 2024
27,628 
110,147 
62,932 
3,174 
203,881 
At 28 January 2025
27,628 
110,147 
62,932 
3,174 
203,881 
Depreciation
At 29 January 2024
22,877 
75,068 
61,658 
3,072 
162,675 
Charge for the year
950 
8,771 
319 
26 
10,066 
At 28 January 2025
23,827 
83,839 
61,977 
3,098 
172,741 
Net book value
At 28 January 2025
3,801 
26,308 
955 
76 
31,140 
At 28 January 2024
4,751 
35,079 
1,274 
102 
41,206 
6
Debtors
2025 
2024 
£ 
£ 
Amounts falling due within one year
Trade debtors
16,559 
30,490 
Accrued income and prepayments
3,927 
783 
Other debtors
705 
705 
21,191 
31,978 
7
Creditors: amounts falling due within one year
2025 
2024 
£ 
£ 
Bank loans and overdrafts
14,499 
14,178 
VAT
25,938 
28,412 
Obligations under finance leases and hire purchase contracts
5,498 
4,587 
Trade creditors
72,466 
72,529 
Taxes and social security
6,032 
9,593 
Other creditors
912 
3,355 
Loans from directors
2,022 
6,051 
Accruals
53,220 
53,312 
180,587 
192,017 
8
Creditors: amounts falling due after more than one year
2025 
2024 
£ 
£ 
Bank loans
20,713 
33,863 
Obligations under finance leases and hire purchase contracts
7,331 
13,436 
28,044 
47,299 
9
Average number of employees
During the year the average number of employees was 14 (2024: 14).
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