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REGISTERED NUMBER: 08722582 (England and Wales)











Unaudited Financial Statements

for the Year Ended 31 July 2024

for

Wood By Post Ltd

Wood By Post Ltd (Registered number: 08722582)






Contents of the Financial Statements
for the Year Ended 31 July 2024




Page

Company Information 1

Statement of Financial Position 2

Notes to the Financial Statements 4

Chartered Accountants' Report 8

Wood By Post Ltd

Company Information
for the Year Ended 31 July 2024







DIRECTORS: Mrs S A Kerrigan
Mrs E MacDonald





SECRETARY: Mrs S A Kerrigan





REGISTERED OFFICE: Unit 5 Arrow Ind Est
Straight Road
Willenhall
West Midlands
WV12 5AE





REGISTERED NUMBER: 08722582 (England and Wales)





ACCOUNTANTS: Crowther Jordan Limited
Chartered Accountants
39 High Street
Wednesfield
Wolverhampton
West Midlands
WV11 1ST

Wood By Post Ltd (Registered number: 08722582)

Statement of Financial Position
31 July 2024

31.7.24 31.7.23
Notes £    £   
FIXED ASSETS
Intangible assets 4 10,001 13,334
Tangible assets 5 18,917 25,824
28,918 39,158

CURRENT ASSETS
Stocks 12,000 10,500
Debtors 6 16,541 21,330
Cash at bank and in hand 1,421 5,159
29,962 36,989
CREDITORS
Amounts falling due within one year 7 (40,759 ) (44,990 )
NET CURRENT LIABILITIES (10,797 ) (8,001 )
TOTAL ASSETS LESS CURRENT LIABILITIES 18,121 31,157

CREDITORS
Amounts falling due after more than one year 8 (14,162 ) (24,167 )
NET ASSETS 3,959 6,990

CAPITAL AND RESERVES
Called up share capital 11 135 135
Share premium 19,965 19,965
Retained earnings (16,141 ) (13,110 )
SHAREHOLDERS' FUNDS 3,959 6,990

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 July 2024.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 July 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.

Wood By Post Ltd (Registered number: 08722582)

Statement of Financial Position - continued
31 July 2024


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 Income Statement has not been delivered.

The financial statements were approved and authorised for issue by the Board of Directors and authorised for issue on 1 April 2025 and were signed on its behalf by:





Mrs E MacDonald - Director


Wood By Post Ltd (Registered number: 08722582)

Notes to the Financial Statements
for the Year Ended 31 July 2024

1. STATUTORY INFORMATION

Wood By Post Ltd 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.

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

The company operates principally as on-line merchant for the supply of woodboard and panels but also as contractors for the manufacture and installation of bespoke wooden furniture for office and other commercial uses including for the travel industry.

Turnover
Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes.

Goodwill
Goodwill, being the amount paid in connection with the acquisition of a business in 2021, is being amortised evenly over its estimated useful life of six years.

Intangible assets
Computer software is amortised over its expected useful life of 3 years commencing August 2020.

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 etc - 25% on reducing balance and Straight line over 3 years

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

Taxation
Taxation for the year comprises current and deferred tax. Tax is recognised in the Income Statement, 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 statement of financial position date.


Wood By Post Ltd (Registered number: 08722582)

Notes to the Financial Statements - continued
for the Year Ended 31 July 2024

2. ACCOUNTING POLICIES - continued
Deferred tax
Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the statement of financial position 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.

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 5 (2023 - 4 ) .

4. INTANGIBLE FIXED ASSETS
Other
intangible
Goodwill assets Totals
£    £    £   
COST
At 1 August 2023
and 31 July 2024 20,000 9,925 29,925
AMORTISATION
At 1 August 2023 6,666 9,925 16,591
Charge for year 3,333 - 3,333
At 31 July 2024 9,999 9,925 19,924
NET BOOK VALUE
At 31 July 2024 10,001 - 10,001
At 31 July 2023 13,334 - 13,334

Wood By Post Ltd (Registered number: 08722582)

Notes to the Financial Statements - continued
for the Year Ended 31 July 2024

5. TANGIBLE FIXED ASSETS
Plant and
machinery
etc
£   
COST
At 1 August 2023
and 31 July 2024 77,308
DEPRECIATION
At 1 August 2023 51,484
Charge for year 6,907
At 31 July 2024 58,391
NET BOOK VALUE
At 31 July 2024 18,917
At 31 July 2023 25,824

6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.7.24 31.7.23
£    £   
Trade debtors 9,094 14,202
Amounts recoverable on contract 1,500 1,000
Other debtors 5,947 6,128
16,541 21,330

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.7.24 31.7.23
£    £   
Bank loans and overdrafts 10,903 10,000
Trade creditors 7,207 11,034
Taxation and social security 2,692 10,204
Other creditors 19,957 13,752
40,759 44,990

8. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR
31.7.24 31.7.23
£    £   
Bank loans 14,162 24,167

9. LEASING AGREEMENTS

Minimum lease payments under non-cancellable operating leases fall due as follows:
31.7.24 31.7.23
£    £   
Between one and five years 17,000 29,750

Wood By Post Ltd (Registered number: 08722582)

Notes to the Financial Statements - continued
for the Year Ended 31 July 2024

10. SECURED DEBTS

The following secured debts are included within creditors:

31.7.24 31.7.23
£    £   
Bank overdraft 901 -
Bank loans 24,164 34,167
25,065 34,167

The bank overdraft is secured by personal guarantees given by Mrs S A Kerrigan and Mrs E MacDonald.

The bank loan of £24,164 is secured under the Bounce Back Loan Scheme by HM Government.

11. CALLED UP SHARE CAPITAL

Allotted and issued:
Number: Class: Nominal 31.7.24 31.7.23
value: £    £   
135 Ordinary £1 135 135

Chartered Accountants' Report to the Board of Directors
on the Unaudited Financial Statements of
Wood By Post Ltd

The following reproduces the text of the report prepared for the directors in respect of the company's annual unaudited financial statements. In accordance with the Companies Act 2006, the company is only required to file a Statement of Financial Position. Readers are cautioned that the Statement of Comprehensive Income and certain other primary statements and the Report of the Directors are not required to be filed with the Registrar of Companies.

In order to assist you to fulfil your duties under the Companies Act 2006, we have prepared for your approval the financial statements of Wood By Post Ltd for the year ended 31 July 2024 which comprise the Income Statement, Statement of Financial Position, Statement of Changes in Equity and the related notes from the company's accounting records and from information and explanations you have given us.

As a practising member firm of the Institute of Chartered Accountants in England and Wales (ICAEW), we are subject to its ethical and other professional requirements which are detailed within the ICAEW's regulations and guidance at http://www.icaew.com/en/membership/regulations-standards-and-guidance.

This report is made solely to the Board of Directors of Wood By Post Ltd, as a body, in accordance with our terms of engagement. Our work has been undertaken solely to prepare for your approval the financial statements of Wood By Post Ltd and state those matters that we have agreed to state to the Board of Directors of Wood By Post Ltd, as a body, in this report in accordance with ICAEW Technical Release 07/16AAF. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than Wood By Post Ltd and its Board of Directors, as a body, for our work or for this report.

It is your duty to ensure that Wood By Post Ltd has kept adequate accounting records and to prepare statutory financial statements that give a true and fair view of the assets, liabilities, financial position and loss of Wood By Post Ltd. You consider that Wood By Post Ltd is exempt from the statutory audit requirement for the year.

We have not been instructed to carry out an audit or a review of the financial statements of Wood By Post Ltd. For this reason, we have not verified the accuracy or completeness of the accounting records or information and explanations you have given to us and we do not, therefore, express any opinion on the statutory financial statements.






Crowther Jordan Limited
Chartered Accountants
39 High Street
Wednesfield
Wolverhampton
West Midlands
WV11 1ST


1 April 2025