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REGISTERED NUMBER: 06714302 (England and Wales)















UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 30 SEPTEMBER 2024

FOR

THE ORIGINAL WOODWORK COMPANY LIMITED

THE ORIGINAL WOODWORK COMPANY LIMITED (REGISTERED NUMBER: 06714302)

CONTENTS OF THE FINANCIAL STATEMENTS
for the Year Ended 30 September 2024










Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


THE ORIGINAL WOODWORK COMPANY LIMITED

COMPANY INFORMATION
for the Year Ended 30 September 2024







DIRECTORS: T W Johnson
P R Tindall





REGISTERED OFFICE: Spellowgate Farm
Spellowgate
Driffield
East Yorkshire
YO25 5UP





REGISTERED NUMBER: 06714302 (England and Wales)





ACCOUNTANTS: Sowerby
Chartered Accountants
Beckside Court
Annie Reed Road
Beverley
East Yorkshire
HU17 0LF

THE ORIGINAL WOODWORK COMPANY LIMITED (REGISTERED NUMBER: 06714302)

BALANCE SHEET
30 September 2024

2024 2023
Notes £    £    £   
FIXED ASSETS
Tangible assets 4 8,437 11,868

CURRENT ASSETS
Stocks 72,158 70,060
Debtors 5 64,379 46,228
Cash at bank and in hand 179,541 54,877
316,078 171,165
CREDITORS
Amounts falling due within one year 6 146,180 119,635
NET CURRENT ASSETS 169,898 51,530
TOTAL ASSETS LESS CURRENT
LIABILITIES

178,335

63,398

PROVISIONS FOR LIABILITIES 1,603 2,255
NET ASSETS 176,732 61,143

CAPITAL AND RESERVES
Called up share capital 1,000 1,000
Retained earnings 175,732 60,143
SHAREHOLDERS' FUNDS 176,732 61,143

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 ORIGINAL WOODWORK COMPANY LIMITED (REGISTERED NUMBER: 06714302)

BALANCE SHEET - continued
30 September 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 Income Statement 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:




T W Johnson - Director



P R Tindall - Director


THE ORIGINAL WOODWORK COMPANY LIMITED (REGISTERED NUMBER: 06714302)

NOTES TO THE FINANCIAL STATEMENTS
for the Year Ended 30 September 2024


1. STATUTORY INFORMATION

The Original Woodwork Company Limited is a private company limited by shares and incorporated and domiciled in England.

It has its registered office and principal place of business at Spellowgate Farm, Spellowgate, Driffield, YO25 5UP.

The principal activity of the company is that of furniture manufacture.

The presentational currency of the financial statements is Pound Sterling (£).

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.

Having regard to liquidity risk, current market conditions and other factors affecting the company, the use of the going concern basis of accounting is appropriate as, in the opinion of the directors, there are no material uncertainties related to events or conditions that may cast significant doubt about the ability of the company to continue as a going concern.

The directors, having taken into the factors discussed above as well as the uncertainties of the current economic environment, have a reasonable expectation that the company has adequate resources to continue in operational existence for the foreseeable future.

Turnover
Turnover is the amount derived from ordinary activities, measured at the fair value of the consideration received or receivable. Turnover excludes value added tax and trade discounts.

Turnover from the sale of goods is recognised at the point of sale.

Turnover from services is recognised on completion of service, or when those services span the year end date, by reference to the stage of completion at the balance sheet date.

All sales are recognised at the point which the company has fulfilled its contractual obligations and the risks and rewards attached to the product, have been transferred to the customer.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life or, if held under a finance lease, over the lease term, whichever is the shorter.
Plant and machinery - 10% on cost
Fixtures and fittings - 25% on cost
Motor vehicles - 33% on reducing balance
Computer equipment - 25% on cost

THE ORIGINAL WOODWORK COMPANY LIMITED (REGISTERED NUMBER: 06714302)

NOTES TO THE FINANCIAL STATEMENTS - continued
for the Year Ended 30 September 2024


2. ACCOUNTING POLICIES - continued

Stocks
Stocks are stated at the lower of cost and estimated selling price less costs to complete and sell, after making, due allowance for obsolete and slow moving items. Cost comprises direct materials and, where applicable, direct labour costs and those overheads that have been incurred in bringing the stocks to their present location and condition. Stock is calculated on the first in first out basis.

In respect of work in progress and finished goods, cost includes a relevant proportion of overheads according to the stage of manufacture/completion.

Taxation
Taxation for the year comprises current and deferred 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 or deferred 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.

Deferred taxation
Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the balance sheet date.

Timing differences arise from the inclusion of income and expenses in tax assessments in periods different from those in which they are recognised in financial statements. Deferred tax is measured using tax rates and laws that have been enacted or substantively enacted by the year end and that are expected to apply to the reversal of the timing difference.

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.

Hire purchase and leasing commitments
Assets obtained under hire purchase contracts or finance leases are capitalised in the balance sheet. Those held under hire purchase contracts are depreciated over their estimated useful lives. Those held under finance leases are depreciated over their estimated useful lives or the lease term, whichever is the shorter.

The interest element of these obligations is charged to profit or loss over the relevant period. The capital element of the future payments is treated as a liability.

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 14 (2023 - 14 ) .

THE ORIGINAL WOODWORK COMPANY LIMITED (REGISTERED NUMBER: 06714302)

NOTES TO THE FINANCIAL STATEMENTS - continued
for the Year Ended 30 September 2024


4. TANGIBLE FIXED ASSETS
Fixtures
Plant and and Motor Computer
machinery fittings vehicles equipment Totals
£    £    £    £    £   
COST
At 1 October 2023 74,340 813 58,794 7,271 141,218
Additions - - - 174 174
At 30 September 2024 74,340 813 58,794 7,445 141,392
DEPRECIATION
At 1 October 2023 73,194 813 48,072 7,271 129,350
Charge for year 499 - 3,081 25 3,605
At 30 September 2024 73,693 813 51,153 7,296 132,955
NET BOOK VALUE
At 30 September 2024 647 - 7,641 149 8,437
At 30 September 2023 1,146 - 10,722 - 11,868

Fixed assets, included in the above, which are held under hire purchase contracts are as follows:
Motor
vehicles
£   
COST
At 1 October 2023
and 30 September 2024 35,421
DEPRECIATION
At 1 October 2023 27,105
Charge for year 2,287
At 30 September 2024 29,392
NET BOOK VALUE
At 30 September 2024 6,029
At 30 September 2023 8,316

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Trade debtors 58,539 41,455
Other debtors 5,840 4,773
64,379 46,228

THE ORIGINAL WOODWORK COMPANY LIMITED (REGISTERED NUMBER: 06714302)

NOTES TO THE FINANCIAL STATEMENTS - continued
for the Year Ended 30 September 2024


6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Hire purchase contracts 665 1,994
Trade creditors 54,151 52,974
Taxation and social security 75,179 25,728
Other creditors 16,185 38,939
146,180 119,635

7. SECURED DEBTS

The following secured debts are included within creditors:

2024 2023
£    £   
Hire purchase contracts 665 1,994

The hire purchase loan is secured on the asset to which it relates.

8. DIRECTORS' ADVANCES, CREDITS AND GUARANTEES

The following advances and credits to directors subsisted during the years ended 30 September 2024 and 30 September 2023:

2024 2023
£    £   
T W Johnson
Balance outstanding at start of year 11,000 -
Amounts advanced - 11,000
Amounts repaid (11,000 ) -
Amounts written off - -
Amounts waived - -
Balance outstanding at end of year - 11,000

P R Tindall
Balance outstanding at start of year 11,000 -
Amounts advanced - 11,000
Amounts repaid (11,000 ) -
Amounts written off - -
Amounts waived - -
Balance outstanding at end of year - 11,000

9. ULTIMATE CONTROLLING PARTY

The company is under the control of the directors who hold 100% of the issued ordinary share capital of the parent company.