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REGISTERED NUMBER: 04547540 (England and Wales)











UNAUDITED FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 JANUARY 2025

FOR

WOOSEY & SONS LTD

WOOSEY & SONS LTD (REGISTERED NUMBER: 04547540)

CONTENTS OF THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 JANUARY 2025










Page

Balance sheet 1

Notes to the financial statements 2


WOOSEY & SONS LTD (REGISTERED NUMBER: 04547540)

BALANCE SHEET
31 JANUARY 2025

2025 2024
Notes £    £    £   
Fixed assets
Tangible assets 4 2,880 3,840

Current assets
Debtors 5 6,481 11,806
Cash at bank 109,410 113,384
115,891 125,190
Creditors
Amounts falling due within one year 6 98,734 101,313
Net current assets 17,157 23,877
Total assets less current liabilities 20,037 27,717

Provisions for liabilities 7 547 729
Net assets 19,490 26,988

Capital and reserves
Called up share capital 8 100 100
Retained earnings 19,390 26,888
Shareholders' funds 19,490 26,988

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 January 2025.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 January 2025 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 comprehensive income has not been delivered.

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:





Mr G Woosey - Director


WOOSEY & SONS LTD (REGISTERED NUMBER: 04547540)

NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 JANUARY 2025


1. Statutory information

Woosey & Sons Limited is a private company, limited by shares, registered in England and Wales. The company's registered number is 04547540. The registered office is 7 & 8 Church Street, Wimborne, Dorset, BH21 1JH and business address is 65 Phellips Road, Corfe Mullen, Wimborne, Dorset, BH21 3NN.

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 income receivable for electrical work, net of VAT and trade discounts.

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 - 25% on reducing balance
Fixtures and fittings - 25% on reducing balance
Motor vehicles - 25% on reducing balance
Computer equipment - 25% on reducing balance

Taxation
Current tax represents the amount of tax payable or receivable in respect of the taxable profit (or loss) for the current or past reporting periods. It is measured at the amount expected to be paid or recovered using the tax rates and laws that have been enacted or substantively enacted by the balance sheet date.

Deferred tax represents the future tax consequences of transactions and events recognised in the financial statements of current and previous periods. It is recognised in respect of all timing differences, with certain exceptions. Timing differences are differences between taxable profits and total comprehensive income as stated in the financial statements that arise from the inclusion of income and expense in tax assessments in periods different from those in which they are recognised in the financial statements. 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.

Deferred tax is measured using the tax rates and laws that have been enacted or substantively enacted by the balance sheet date that are expected to apply to the reversal of timing differences. Deferred tax on revalued non-depreciable tangible fixed assets and investment properties is measured using the rates and allowances that apply to the sale of the asset.

Financial instruments
Basic financial instruments are initially recognised at transaction price and accounted for according to the substance of the contractual arrangement, as either financial assets, liabilities or equity instruments. An equity instrument is any contract that evidences a residual interest in the assets of the company, after deducting all liabilities.

At each balance sheet date, financial instruments are measured at amortised cost using the effective interest method. Any losses arising from impairment are recognised in the profit and loss account in the period to which they relate.

Government grants

3. Employees and directors

The average number of employees during the year was 2 (2024 - 2 ) .

WOOSEY & SONS LTD (REGISTERED NUMBER: 04547540)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 JANUARY 2025


4. Tangible fixed assets
Fixtures
Plant and and Motor Computer
machinery fittings vehicles equipment Totals
£    £    £    £    £   
Cost
At 1 February 2024
and 31 January 2025 531 1,576 23,353 1,670 27,130
Depreciation
At 1 February 2024 512 1,548 20,146 1,084 23,290
Charge for year 5 7 802 146 960
At 31 January 2025 517 1,555 20,948 1,230 24,250
Net book value
At 31 January 2025 14 21 2,405 440 2,880
At 31 January 2024 19 28 3,207 586 3,840

5. Debtors: amounts falling due within one year
2025 2024
£    £   
Trade debtors 5,841 11,048
Prepayments 640 758
6,481 11,806

6. Creditors: amounts falling due within one year
2025 2024
£    £   
Trade creditors 4,671 7,129
Tax 14,107 20,336
VAT 4,142 5,130
Other creditors 1,797 2,443
Directors' current accounts 71,422 63,805
Accruals and deferred income 2,595 2,470
98,734 101,313

7. Provisions for liabilities
2025 2024
£    £   
Deferred tax 547 729

Deferred
tax
£   
Balance at 1 February 2024 729
Credit to Income statement during year (182 )
Balance at 31 January 2025 547

WOOSEY & SONS LTD (REGISTERED NUMBER: 04547540)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 JANUARY 2025


8. Called up share capital

Allotted, issued and fully paid:
Number: Class: Nominal 2025 2024
value: £    £   
100 Ordinary £1 100 100

9. Ultimate controlling party

The company is controlled by the directors Mr G Woosey and Mr C Woosey, who each hold 50% of the voting share capital.