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Company No: 13483222 (England and Wales)

WOODSTONE1 LTD

Unaudited Financial Statements
For the financial year ended 30 November 2024
Pages for filing with the registrar

WOODSTONE1 LTD

Unaudited Financial Statements

For the financial year ended 30 November 2024

Contents

WOODSTONE1 LTD

COMPANY INFORMATION

For the financial year ended 30 November 2024
WOODSTONE1 LTD

COMPANY INFORMATION (continued)

For the financial year ended 30 November 2024
DIRECTORS Emma Thompson
Mark Edward Thompson
REGISTERED OFFICE 2 Holly Tree House
Northminster Business Park
York
YO26 6QU
United Kingdom
COMPANY NUMBER 13483222 (England and Wales)
ACCOUNTANT Morrell Middleton Auditors Ltd
Chartered Certified Accountants
Wellington House
Aviator Court
York
YO30 4UZ
WOODSTONE1 LTD

BALANCE SHEET

As at 30 November 2024
WOODSTONE1 LTD

BALANCE SHEET (continued)

As at 30 November 2024
Note 30.11.2024 30.11.2023
£ £
Fixed assets
Tangible assets 3 168,308 177,847
168,308 177,847
Current assets
Stocks 4 74,189 13,127
Debtors 5 608,631 711,078
Cash at bank and in hand 6 418,514 570,735
1,101,334 1,294,940
Creditors: amounts falling due within one year 7 ( 203,884) ( 472,088)
Net current assets 897,450 822,852
Total assets less current liabilities 1,065,758 1,000,699
Provision for liabilities 8 ( 42,077) ( 44,462)
Net assets 1,023,681 956,237
Capital and reserves
Called-up share capital 9 2 2
Profit and loss account 1,023,679 956,235
Total shareholders' funds 1,023,681 956,237

For the financial year ending 30 November 2024 the Company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

Directors' responsibilities:

These financial statements have been prepared in accordance with the provisions of FRS 102 Section 1A – small entities. The financial statements of Woodstone1 Ltd (registered number: 13483222) were approved and authorised for issue by the Board of Directors on 16 April 2025. They were signed on its behalf by:

Mark Edward Thompson
Director
WOODSTONE1 LTD

NOTES TO THE FINANCIAL STATEMENTS

For the financial year ended 30 November 2024
WOODSTONE1 LTD

NOTES TO THE FINANCIAL STATEMENTS

For the financial year ended 30 November 2024
1. Accounting policies

The principal accounting policies are summarised below. They have all been applied consistently throughout the financial year and to the preceding financial year, unless otherwise stated.

General information and basis of accounting

Woodstone1 Ltd (the Company) is a private company, limited by shares, incorporated in the United Kingdom under the Companies Act 2006 and is registered in England and Wales. The address of the Company's registered office is 2 Holly Tree House, Northminster Business Park, York, YO26 6QU, United Kingdom.

The financial statements have been prepared under the historical cost convention, modified to include certain items at fair value, and in accordance with Section 1A of Financial Reporting Standard 102 (FRS 102) ‘The Financial Reporting Standard applicable in the UK and Republic of Ireland’ issued by the Financial Reporting Council and the requirements of the Companies Act 2006 as applicable to companies subject to the small companies regime.

The financial statements are presented in pounds sterling which is the functional currency of the Company and rounded to the nearest £.

Going concern

The directors have assessed the Balance Sheet and likely future cash flows at the date of approving these financial statements. The directors have a reasonable expectation that the Company has adequate resources to continue in operational existence and to meet its financial obligations as they fall due for at least 12 months from the date of signing these financial statements. Accordingly, they continue to adopt the going concern basis in preparing the financial statements.

Turnover

Turnover is recognised at the fair value of the consideration received or receivable for goods and services provided in the normal course of business, and is shown net of VAT and other sales related taxes. The fair value of consideration takes into account trade discounts, settlement discounts and volume rebates.

Turnover is recognised when the significant risks and rewards are considered to have been transferred to the customer.

Taxation

Current tax
Current tax is provided at amounts expected to be paid (or recoverable) using the tax rates and laws that have been enacted or substantively enacted at the Balance Sheet date.

Tangible fixed assets

Tangible fixed assets are stated at cost or valuation, net of depreciation and any provision for impairment. Depreciation is provided on all tangible fixed assets, other than investment property and freehold land, at rates calculated to write off the cost or valuation, less estimated residual value, of each asset on a straight-line or reducing balance basis over its expected useful life, as follows:

Plant and machinery etc. 25 % reducing balance
3 years straight line

Residual value represents the estimated amount which would currently be obtained from disposal of an asset, after deducting estimated costs of disposal, if the asset were already of the age and in the condition expected at the end of its useful life.

The gain or loss arising on the disposal of an asset is determined as the difference between the sale proceeds and the carrying value of the asset, and is credited or charged to profit or loss.

Impairment of assets

Assets, other than those measured at fair value, are assessed for indicators of impairment at each Balance Sheet date. If there is objective evidence of impairment, an impairment loss is recognised in the Statement of Income and Retained Earnings as described below.

Stocks

Stocks are stated at the lower of cost and estimated selling price less costs to sell, which is equivalent to the net realisable value. Cost includes materials, direct labour and an attributable proportion of manufacturing overheads based on normal levels of activity. Cost is calculated using the FIFO (first-in, first-out) method. Provision is made for obsolete, slow-moving or defective items where appropriate.

At each reporting date, an assessment is made for impairment. Any excess of the carrying amount of stocks over its estimated selling price less costs to complete and sell is recognised as an impairment loss in profit or loss. Reversals of impairment losses are also recognised in profit or loss.

Provisions

Provisions are recognised when the Company has a present obligation (legal or constructive) as a result of a past event, it is probable that the Company will be required to settle that obligation and a reliable estimate can be made of the amount of the obligation.

The amount recognised as a provision is the best estimate of the consideration required to settle the present obligation at the Balance Sheet date, taking into account the risks and uncertainties surrounding the obligation. Where a provision is measured using the cash flows estimated to settle the present obligation, its carrying amount is the present value of those cash flows (when the effect of the time value of money is material).

When some or all of the economic benefits required to settle a provision are expected to be recovered from a third party, a receivable is recognised as an asset if it is virtually certain that reimbursement will be received and the amount of the receivable can be measured reliably.

2. Employees

30.11.2024 30.11.2023
Number Number
Monthly average number of persons employed by the Company during the year, including directors 14 13

3. Tangible assets

Plant and machinery etc. Total
£ £
Cost
At 01 December 2023 230,718 230,718
Additions 41,937 41,937
At 30 November 2024 272,655 272,655
Accumulated depreciation
At 01 December 2023 52,871 52,871
Charge for the financial year 51,476 51,476
At 30 November 2024 104,347 104,347
Net book value
At 30 November 2024 168,308 168,308
At 30 November 2023 177,847 177,847

4. Stocks

30.11.2024 30.11.2023
£ £
Work in progress 74,189 13,127

5. Debtors

30.11.2024 30.11.2023
£ £
Trade debtors 56,071 299,578
Other debtors 552,560 411,500
608,631 711,078

6. Cash and cash equivalents

30.11.2024 30.11.2023
£ £
Cash at bank and in hand 418,514 570,735

7. Creditors: amounts falling due within one year

30.11.2024 30.11.2023
£ £
Trade creditors 107,637 201,555
CIS withheld 11,263 16,783
Taxation and social security 66,079 201,345
Other creditors 18,905 52,405
203,884 472,088

8. Deferred tax

30.11.2024 30.11.2023
£ £
At the beginning of financial year ( 44,462) 0
Credited/(charged) to the Statement of Income and Retained Earnings 2,385 ( 44,462)
At the end of financial year ( 42,077) ( 44,462)

9. Called-up share capital

30.11.2024 30.11.2023
£ £
Allotted, called-up and fully-paid
1 Ordinary share of £ 1.00 1 1
1 A Ordinary share of £ 1.00 1 1
2 2