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REGISTERED NUMBER: 05475401 (England and Wales)













FINANCIAL STATEMENTS

FOR THE PERIOD 1 OCTOBER 2023 TO 31 AUGUST 2024

FOR

WOODGROUND LIMITED

WOODGROUND LIMITED (REGISTERED NUMBER: 05475401)

CONTENTS OF THE FINANCIAL STATEMENTS
FOR THE PERIOD 1 OCTOBER 2023 TO 31 AUGUST 2024










Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


WOODGROUND LIMITED

COMPANY INFORMATION
FOR THE PERIOD 1 OCTOBER 2023 TO 31 AUGUST 2024







DIRECTORS: Mr R S Myers
Mrs H McGarry



SECRETARY: Mr S J Marsland



REGISTERED OFFICE: Vantage Point House
Silverhills Road
Decoy Industrial Estate
Newton Abbot
Devon
TQ12 5ND



REGISTERED NUMBER: 05475401 (England and Wales)



ACCOUNTANTS: Marsland Nash Associates
Chartered Tax Advisers, Accountants
and Business Consultants
Vantage Point House
Silverhills Road
Decoy Industrial Estate
Newton Abbot
Devon
TQ12 5ND



BANKERS: Natwest
59 High Street
Exeter
Devon
EX3 3DL

WOODGROUND LIMITED (REGISTERED NUMBER: 05475401)

BALANCE SHEET
31 AUGUST 2024

2024 2023
Notes £    £    £   
FIXED ASSETS
Intangible assets 4 - -
Tangible assets 5 6,223 7,215
6,223 7,215

CURRENT ASSETS
Debtors 6 72,987 76,009
Cash at bank 16 2,793
73,003 78,802
CREDITORS
Amounts falling due within one year 7 61,770 52,412
NET CURRENT ASSETS 11,233 26,390
TOTAL ASSETS LESS CURRENT LIABILITIES 17,456 33,605

CREDITORS
Amounts falling due after more than one
year

8

23,274

32,387
NET (LIABILITIES)/ASSETS (5,818 ) 1,218

CAPITAL AND RESERVES
Called up share capital 100 100
Retained earnings (5,918 ) 1,118
SHAREHOLDERS' FUNDS (5,818 ) 1,218

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

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

WOODGROUND LIMITED (REGISTERED NUMBER: 05475401)

BALANCE SHEET - continued
31 AUGUST 2024


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 Statement of Income and Retained Earnings has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 27 May 2025 and were signed on its behalf by:




Mr R S Myers - Director



Mrs H McGarry - Director


WOODGROUND LIMITED (REGISTERED NUMBER: 05475401)

NOTES TO THE FINANCIAL STATEMENTS
FOR THE PERIOD 1 OCTOBER 2023 TO 31 AUGUST 2024


1. STATUTORY INFORMATION

Woodground Limited 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 represents net fees received adjusted for opening and closing debtors.

Goodwill
The goodwill was acquired in 2006 and has been written down to £nil.

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.
Short leasehold - 15% on reducing balance
Fixtures and fittings - 15% on reducing balance
Computer equipment - 25% on cost

Going concern
The company expects to meet its day to day working capital requirements, and will continue to do so with the need of a bank overdraft facility.

The nature of the company’s business is such that there can be considerable unpredictable variation in the value of cash inflows.

However, the director is confident that the company will trade out of its current difficulties, and this is supported by representations by the company's director.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the period was 13 (2023 - 15 ) .

WOODGROUND LIMITED (REGISTERED NUMBER: 05475401)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE PERIOD 1 OCTOBER 2023 TO 31 AUGUST 2024


4. INTANGIBLE FIXED ASSETS
Goodwill
£   
COST
At 1 October 2023
and 31 August 2024 80,000
AMORTISATION
At 1 October 2023
and 31 August 2024 80,000
NET BOOK VALUE
At 31 August 2024 -
At 30 September 2023 -

5. TANGIBLE FIXED ASSETS
Fixtures
Short and Computer
leasehold fittings equipment Totals
£    £    £    £   
COST
At 1 October 2023
and 31 August 2024 45,437 19,201 2,226 66,864
DEPRECIATION
At 1 October 2023 40,257 17,166 2,226 59,649
Charge for period 712 280 - 992
At 31 August 2024 40,969 17,446 2,226 60,641
NET BOOK VALUE
At 31 August 2024 4,468 1,755 - 6,223
At 30 September 2023 5,180 2,035 - 7,215

6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Trade debtors 3,250 1,000
Other debtors 13,346 -
Directors' current accounts 56,391 75,009
72,987 76,009

WOODGROUND LIMITED (REGISTERED NUMBER: 05475401)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE PERIOD 1 OCTOBER 2023 TO 31 AUGUST 2024


7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Bank loans and overdrafts 22,813 17,761
Trade creditors 850 850
Tax 18,291 13,209
Social security and other taxes 2,833 957
Other creditors 539 206
Accrued expenses 16,444 19,429
61,770 52,412

8. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR
2024 2023
£    £   
Bank loans - 1-2 years 10,183 -
Bank loans - 2-5 years 13,091 32,387
23,274 32,387

9. SECURED DEBTS

The following secured debts are included within creditors:

2024 2023
£    £   
Bank overdrafts 22,813 17,761

10. DIRECTORS' ADVANCES, CREDITS AND GUARANTEES

The following advances and credits to a director subsisted during the period ended 31 August 2024 and the year ended 30 September 2023:

2024 2023
£    £   
Mr R S Myers
Balance outstanding at start of period 75,009 88,703
Amounts advanced 93,129 102,084
Amounts repaid (111,747 ) (115,778 )
Amounts written off - -
Amounts waived - -
Balance outstanding at end of period 56,391 75,009

11. RELATED PARTY DISCLOSURES

During the period, total dividends of £26,892 (2023 - £74,000) were paid to the directors .