Registered number
07598025
Woodford Architecture & Interiors Ltd
Filleted Accounts
31 July 2024
Woodford Architecture & Interiors Ltd
Registered number: 07598025
Balance Sheet
as at 31 July 2024
Notes 2024 2023
£ £
Fixed assets
Tangible assets 3 8,038 4,801
Current assets
Debtors 4 173,615 386,184
Cash at bank and in hand 222,644 109,679
396,259 495,863
Creditors: amounts falling due within one year 5 (100,460) (125,565)
Net current assets 295,799 370,298
Total assets less current liabilities 303,837 375,099
Provisions for liabilities (1,990) (1,200)
Net assets 301,847 373,899
Capital and reserves
Called up share capital 100 100
Profit and loss account 301,747 373,799
Shareholders' funds 301,847 373,899
The directors are satisfied that the company is entitled to exemption from the requirement to obtain an audit under section 477 of the Companies Act 2006.
The members have not required the company to obtain an audit in accordance with section 476 of the Act.
The directors acknowledge their responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of accounts.
The accounts have been prepared and delivered in accordance with the special provisions applicable to companies subject to the small companies regime. The profit and loss account has not been delivered to the Registrar of Companies.
G Woodford
Director
Approved by the board on 28 April 2025
Woodford Architecture & Interiors Ltd
Notes to the Accounts
for the year ended 31 July 2024
1 Accounting policies
Basis of preparation
The accounts have been prepared under the historical cost convention and in accordance with FRS 102, The Financial Reporting Standard applicable in the UK and Republic of Ireland (as applied to small entities by section 1A of the standard). The financial statements are presented in sterling which is the functional currency of the company and are rounded to the nearest £.
Turnover
Turnover is measured at the fair value of the consideration received or receivable, net of discounts and value added taxes. Turnover includes revenue earned from the rendering of services. Turnover from the rendering of services is recognised by reference to the stage of completion of the contract.
Tangible fixed assets
Tangible fixed assets are measured at cost less accumulative depreciation and any accumulative impairment losses. Depreciation is provided on all tangible fixed assets, other than freehold land, at rates calculated to write off the cost, less estimated residual value, of each asset evenly over its expected useful life, as follows:
Plant and machinery 33% straight line
Debtors and creditors receivable/payable within one year
Debtors and creditors with no stated interest rate and receivable and payable within one year are recorded at the transaction price. Any losses from impairment are recognised in the profit or loss account in other administrative expenses.
Taxation
A current tax liability is recognised for the tax payable on the taxable profit of the current and past periods. A current tax asset is recognised in respect of a tax loss that can be carried back to recover tax paid in a previous period. Deferred tax is recognised in respect of all timing differences between the recognition of income and expenses in the financial statements and their inclusion in tax assessments. 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 reporting date and that are expected to apply to the reversal of the timing difference, except for revalued land and investment property where the tax rate that applies to the sale of the asset is used. Current and deferred tax assets and liabilities are not discounted.
Provisions
Provisions (ie liabilities of uncertain timing or amount) are recognised when there is an obligation at the reporting date as a result of a past event, it is probable that economic benefit will be transferred to settle the obligation and the amount of the obligation can be estimated reliably.
Pensions
Contributions to defined contribution plans are expensed in the period to which they relate.
2 Employees 2024 2023
Number Number
Average number of persons employed by the company 8 8
3 Tangible fixed assets
Plant and machinery etc
£
Cost
At 1 August 2023 46,301
Additions 8,552
At 31 July 2024 54,853
Depreciation
At 1 August 2023 41,500
Charge for the year 5,315
At 31 July 2024 46,815
Net book value
At 31 July 2024 8,038
At 31 July 2023 4,801
4 Debtors 2024 2023
£ £
Trade debtors 624 64,858
Other debtors 172,991 321,326
173,615 386,184
5 Creditors: amounts falling due within one year 2024 2023
£ £
Trade creditors 17,369 12,972
Taxation and social security costs 81,702 111,636
Other creditors 1,389 957
100,460 125,565
6 Other financial commitments 2024 2023
£ £
Total future minimum payments under non-cancellable operating leases 17,220 10,440
7 Loans to directors
Description and conditions B/fwd Paid Repaid C/fwd
£ £ £ £
Interest free
Repayable on demand 291,658 168,732 (333,569) 126,821
291,658 168,732 (333,569) 126,821
8 Other information
Woodford Architecture & Interiors Ltd is a private company limited by shares and incorporated in England. Its registered office is:
5 Providence Court
Pynes Hill
Exeter
Devon
EX2 5JL
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