Company Registration No. 13126174 (England and Wales)
WOODFELL ASSET MANAGEMENT LIMITED
Unaudited accounts
for the year ended 31 January 2024
WOODFELL ASSET MANAGEMENT LIMITED
Unaudited accounts
Contents
WOODFELL ASSET MANAGEMENT LIMITED
Statement of financial position
as at 31 January 2024
Tangible assets
78,370
41,959
Cash at bank and in hand
10,680
968
Creditors: amounts falling due within one year
(53,699)
(19,115)
Net current (liabilities)/assets
(19,077)
50,755
Total assets less current liabilities
59,293
92,714
Creditors: amounts falling due after more than one year
(84,785)
(50,626)
Net (liabilities)/assets
(25,492)
42,088
Called up share capital
100
100
Profit and loss account
(25,592)
41,988
Shareholders' funds
(25,492)
42,088
For the year ending 31 January 2024 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 director acknowledges his 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 and authorised for issue on 28 April 2025 and were signed on its behalf by
David Zev Heskovic
Director
Company Registration No. 13126174
WOODFELL ASSET MANAGEMENT LIMITED
Notes to the Accounts
for the year ended 31 January 2024
WOODFELL ASSET MANAGEMENT LIMITED is a private company, limited by shares, registered in England and Wales, registration number 13126174. The registered office is TOP FLOOR OFFICE, 237 REGENTS PARK ROAD, LONDON, SELECT, N3 3LF, UNITED KINGDOM.
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.
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.
The accounts have been prepared under the historical cost convention as modified by the revaluation of certain fixed assets.
The accounts are presented in £ sterling.
Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes. Turnover from the sale of goods is recognised when goods have been delivered to customers such that risks and rewards of ownership have transferred to them. Turnover from the rendering of services is recognised by reference to the stage of completion of the contract. The stage of completion of a contract is measured by comparing the costs incurred for work performed to date to the total estimated contract costs.
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
25% Reducing Balance
Motor vehicles
25% Reducing Balance
Computer equipment
25% Reducing Balance
WOODFELL ASSET MANAGEMENT LIMITED
Notes to the Accounts
for the year ended 31 January 2024
4
Tangible fixed assets
Plant & machinery
Motor vehicles
Computer equipment
Total
Cost or valuation
At cost
At cost
At cost
At 1 February 2023
959
51,583
3,340
55,882
Additions
1,534
63,504
-
65,038
Revaluations
-
-
(3,340)
(3,340)
At 31 January 2024
2,493
115,087
-
117,580
At 1 February 2023
192
12,896
835
13,923
Charge for the year
575
25,547
-
26,122
Surplus on revaluation
-
-
(835)
(835)
At 31 January 2024
767
38,443
-
39,210
At 31 January 2024
1,726
76,644
-
78,370
At 31 January 2023
767
38,687
2,505
41,959
Amounts falling due within one year
Trade debtors
48,702
64,775
6
Creditors: amounts falling due within one year
2024
2023
Bank loans and overdrafts
(21,184)
(25,966)
Trade creditors
91,242
33,517
Taxes and social security
2,331
11,504
Loans from directors
(18,690)
60
7
Creditors: amounts falling due after more than one year
2024
2023
Obligations under finance leases and hire purchase contracts
84,785
50,626
8
Average number of employees
During the year the average number of employees was 5 (2023: 1).