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REGISTERED NUMBER: SC238075 (Scotland)















Unaudited Financial Statements for the Year Ended 31 October 2024

for

Woodlane Limited

Woodlane Limited (Registered number: SC238075)






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




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 3

Chartered Accountants' Report 5

Woodlane Limited

Company Information
for the Year Ended 31 October 2024







DIRECTORS: D A Sivewright
Mrs C L Sivewright





REGISTERED OFFICE: Woodlane Granary
Blairdrummond
Stirling
FK9 4UY





REGISTERED NUMBER: SC238075 (Scotland)





ACCOUNTANTS: Goddard Accounting and Tax Solutions
Ben Loyal Lodge
25 Kenilworth Road
Bridge Of Allan
Stirling
FK9 4EH

Woodlane Limited (Registered number: SC238075)

Balance Sheet
31 October 2024

31.10.24 31.10.23
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 57,256 18,965

CURRENT ASSETS
Stocks 216,778 199,141
Debtors 5 10,000 38,099
Cash at bank 368,052 328,019
594,830 565,259
CREDITORS
Amounts falling due within one year 6 246,742 300,354
NET CURRENT ASSETS 348,088 264,905
TOTAL ASSETS LESS CURRENT
LIABILITIES

405,344

283,870

CAPITAL AND RESERVES
Called up share capital 100 100
Retained earnings 405,244 283,770
SHAREHOLDERS' FUNDS 405,344 283,870

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

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

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 by the Board of Directors and authorised for issue on 25 April 2025 and were signed on its behalf by:





Mrs C L Sivewright - Director


Woodlane Limited (Registered number: SC238075)

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

1. STATUTORY INFORMATION

Woodlane Limited is a private company, limited by shares , registered in Scotland. 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.

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

The company operates a customer loyalty scheme, and sells gift cards to redeem against future customer purchases. As this clearly represents the existence of a contract for 'promised goods' with an 'expected value', the expected realisable value is recognised as a liability and transferred to Sales when the points or gift cards are redeemed.

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 cost and 15% on cost

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 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 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 balance sheet date.

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 10 (2023 - 10 ) .

Woodlane Limited (Registered number: SC238075)

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

4. TANGIBLE FIXED ASSETS
Plant and
machinery
etc
£   
COST
At 1 November 2023 93,926
Additions 74,195
Disposals (42,929 )
At 31 October 2024 125,192
DEPRECIATION
At 1 November 2023 74,961
Charge for year 16,938
Eliminated on disposal (23,963 )
At 31 October 2024 67,936
NET BOOK VALUE
At 31 October 2024 57,256
At 31 October 2023 18,965

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.10.24 31.10.23
£    £   
Trade debtors - 11,860
Other debtors 10,000 26,239
10,000 38,099

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.10.24 31.10.23
£    £   
Bank loans and overdrafts - 12,386
Trade creditors - 17,935
Amounts owed to group undertakings 100 100
Taxation and social security 124,666 80,284
Other creditors 121,976 189,649
246,742 300,354

Chartered Accountants' Report to the Board of Directors
on the Unaudited Financial Statements of
Woodlane Limited

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 Balance Sheet. Readers are cautioned that the Income Statement 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 Woodlane Limited for the year ended 31 October 2024 which comprise the Income Statement, Balance Sheet, 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 ICAS, we are subject to its ethical and other professional requirements which are detailed at http://www.icas.com/accountspreparationguidance.

This report is made solely to the Board of Directors of Woodlane Limited, as a body, in accordance with the terms of our engagement letter dated 10 June 2024. Our work has been undertaken solely to prepare for your approval the financial statements of Woodlane Limited and state those matters that we have agreed to state to the Board of Directors of Woodlane Limited, as a body, in this report in accordance with the requirements of ICAS as detailed at http://www.icas.com/accountspreparationguidance. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than the company and its Board of Directors, as a body, for our work or for this report.

It is your duty to ensure that Woodlane Limited 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 profit of Woodlane Limited. You consider that Woodlane Limited 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 Woodlane Limited. 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.






Goddard Accounting and Tax Solutions
Ben Loyal Lodge
25 Kenilworth Road
Bridge Of Allan
Stirling
FK9 4EH


28 April 2025