REGISTERED NUMBER: 08706376 (England and Wales)

Financial Statements for the Year Ended 30 September 2024

for

Woodford Stores Ltd

Page

Company Information

1

Statement of Financial Position

2

Notes to the Financial Statements

4

DIRECTORS:

Mr Balbinder Singh

Mr Bhupinder Singh Sangha

REGISTERED OFFICE:

Bridge House

9-13 Holbrook Lane

Coventry

West Midlands

CV6 4AD

REGISTERED NUMBER:

08706376 (England and Wales)

ACCOUNTANTS:

Sterling Accounting Services Limited

Bridge House

9-13 Holbrook Lane

Coventry

CV6 4AD

FIXED ASSETS

Intangible assets

4

44,000

44,000

Tangible assets

5

35,334

46,950

79,334

90,950

CURRENT ASSETS

Stocks

31,546

30,025

Debtors

6

3,803

4,996

Cash at bank and in hand

7,038

3,760

42,387

38,781

CREDITORS

Amounts falling due within one year

7

82,019

86,181

NET CURRENT LIABILITIES

(39,632

)

(47,400

)

TOTAL ASSETS LESS CURRENT LIABILITIES

39,702

43,550

CREDITORS

Amounts falling due after more than one year

8

7,089

11,004

NET ASSETS

32,613

32,546

CAPITAL AND RESERVES

Called up share capital

9

10

10

Retained earnings

32,603

32,536

SHAREHOLDERS' FUNDS

32,613

32,546

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 30 September 2024.

The members have not required the company to obtain an audit of its financial statements for the year ended 30 September 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 3 May 2025 and were signed on its behalf by:

Mr Bhupinder Singh Sangha - Director

1.	STATUTORY INFORMATION

Woodford Stores Ltd is a private company, limited by shares , registered in England and Wales. 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.

Intangible assets

Intangible assets are initially measured at cost. After initial recognition, intangible assets are measured at cost less any accumulated amortisation and any accumulated impairment losses.

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 reducing balance

Stocks

Stocks are valued at the lower of cost and net realisable value, after making due allowance for obsolete and slow moving items.

3.	EMPLOYEES AND DIRECTORS

The average number of employees during the year was 4 (2023 - 6 ) .

4.	INTANGIBLE FIXED ASSETS

Goodwill

£

COST

At 1 October 2023

and 30 September 2024

44,000

NET BOOK VALUE

At 30 September 2024

44,000

At 30 September 2023

44,000

5.	TANGIBLE FIXED ASSETS

Plant and

machinery

etc

£

COST

At 1 October 2023

89,198

Additions

163

At 30 September 2024

89,361

DEPRECIATION

At 1 October 2023

42,248

Charge for year

11,779

At 30 September 2024

54,027

NET BOOK VALUE

At 30 September 2024

35,334

At 30 September 2023

46,950

6.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

30.9.24

30.9.23

£

£

Trade debtors

3,674

4,875

Other debtors

129

121

3,803

4,996

7.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

30.9.24

30.9.23

£

£

Bank loans and overdrafts

-

5,045

Trade creditors

21,435

21,315

Taxation and social security

9,065

486

Other creditors

51,519

59,335

82,019

86,181

8.

CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR

30.9.24

30.9.23

£

£

Bank loans

7,089

11,004

9.	CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:

Number:

Class:

Nominal

30.9.24

30.9.23

value:

£

£

10

Ordinary

1

10

10

10.	RELATED PARTY DISCLOSURES

During the year, the Company has paid rent of £14,400 (2023:£14,400) in respect of use of business property owned by the director.