IRIS Accounts Production v25.1.4.42 05580169 Board of Directors 1.10.23 30.9.24 30.9.24 false true false false true false iso4217:GBPiso4217:USDiso4217:EURxbrli:sharesxbrli:pureutr:tonnesutr:kWh055801692023-09-30055801692024-09-30055801692023-10-012024-09-30055801692022-09-30055801692022-10-012023-09-30055801692023-09-3005580169ns15:EnglandWales2023-10-012024-09-3005580169ns14:PoundSterling2023-10-012024-09-3005580169ns10:Director12023-10-012024-09-3005580169ns10:PrivateLimitedCompanyLtd2023-10-012024-09-3005580169ns10:SmallEntities2023-10-012024-09-3005580169ns10:AuditExempt-NoAccountantsReport2023-10-012024-09-3005580169ns10:SmallCompaniesRegimeForDirectorsReport2023-10-012024-09-3005580169ns10:SmallCompaniesRegimeForAccounts2023-10-012024-09-3005580169ns10:FullAccounts2023-10-012024-09-3005580169ns10:Director22023-10-012024-09-3005580169ns10:CompanySecretary12023-10-012024-09-3005580169ns10:RegisteredOffice2023-10-012024-09-3005580169ns5:CurrentFinancialInstruments2024-09-3005580169ns5:CurrentFinancialInstruments2023-09-3005580169ns5:Non-currentFinancialInstruments2024-09-3005580169ns5:Non-currentFinancialInstruments2023-09-3005580169ns5:ShareCapital2024-09-3005580169ns5:ShareCapital2023-09-3005580169ns5:RetainedEarningsAccumulatedLosses2024-09-3005580169ns5:RetainedEarningsAccumulatedLosses2023-09-3005580169ns5:FurnitureFittings2023-10-012024-09-3005580169ns5:FurnitureFittings2023-09-3005580169ns5:FurnitureFittings2024-09-3005580169ns5:FurnitureFittings2023-09-3005580169ns5:WithinOneYearns5:CurrentFinancialInstruments2024-09-3005580169ns5:WithinOneYearns5:CurrentFinancialInstruments2023-09-3005580169ns5:WithinOneYear2024-09-3005580169ns5:WithinOneYear2023-09-3005580169ns5:BetweenOneFiveYears2024-09-3005580169ns5:BetweenOneFiveYears2023-09-3005580169ns5:AllPeriods2024-09-3005580169ns5:AllPeriods2023-09-30055801691ns10:Director12023-09-30055801691ns10:Director12022-09-30055801691ns10:Director12023-10-012024-09-30055801691ns10:Director12022-10-012023-09-30055801691ns10:Director12024-09-30055801691ns10:Director12023-09-3005580169ns10:Director222023-09-3005580169ns10:Director222022-09-3005580169ns10:Director222023-10-012024-09-3005580169ns10:Director222022-10-012023-09-3005580169ns10:Director222024-09-3005580169ns10:Director222023-09-30
REGISTERED NUMBER: 05580169 (England and Wales)















Unaudited Financial Statements for the Year Ended 30 September 2024

for

S.R. Wood & Son (Property Management)
Limited

S.R. Wood & Son (Property Management)
Limited (Registered number: 05580169)






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


S.R. Wood & Son (Property Management)
Limited

Company Information
for the Year Ended 30 September 2024







DIRECTORS: R J Nixon
S J Wood





SECRETARY: R J Nixon





REGISTERED OFFICE: Unit 4, Oxen Road Industrial Estate
Oxen Road
Luton
Bedfordshire
LU2 0DZ





REGISTERED NUMBER: 05580169 (England and Wales)





ACCOUNTANTS: Godfrey Laws & Co Limited
65 Knowl Piece
Wilbury Way
Hitchin
Hertfordshire
SG4 0TY

S.R. Wood & Son (Property Management)
Limited (Registered number: 05580169)

Balance Sheet
30 September 2024

30.9.24 30.9.23
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 6,511 7,649

CURRENT ASSETS
Debtors 5 135,599 108,344
Cash at bank 7,994 4,460
143,593 112,804
CREDITORS
Amounts falling due within one year 6 121,581 94,278
NET CURRENT ASSETS 22,012 18,526
TOTAL ASSETS LESS CURRENT
LIABILITIES

28,523

26,175

CREDITORS
Amounts falling due after more than one
year

7

(22,911

)

(19,886

)

PROVISIONS FOR LIABILITIES (1,628 ) (1,912 )
NET ASSETS 3,984 4,377

CAPITAL AND RESERVES
Called up share capital 100 100
Retained earnings 3,884 4,277
SHAREHOLDERS' FUNDS 3,984 4,377

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.

S.R. Wood & Son (Property Management)
Limited (Registered number: 05580169)

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 19 June 2025 and were signed on its behalf by:





R J Nixon - Director


S.R. Wood & Son (Property Management)
Limited (Registered number: 05580169)

Notes to the Financial Statements
for the Year Ended 30 September 2024

1. STATUTORY INFORMATION

S.R. Wood & Son (Property Management) 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.

Going concern
These financial statements have been prepared on the going concern basis.

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

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Fixtures, fittings & equipment - 25% on reducing balance

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 tax
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
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 ) .

S.R. Wood & Son (Property Management)
Limited (Registered number: 05580169)

Notes to the Financial Statements - continued
for the Year Ended 30 September 2024

4. TANGIBLE FIXED ASSETS
Fixtures,
fittings
& equipment
£   
COST
At 1 October 2023 27,868
Additions 885
At 30 September 2024 28,753
DEPRECIATION
At 1 October 2023 20,219
Charge for year 2,023
At 30 September 2024 22,242
NET BOOK VALUE
At 30 September 2024 6,511
At 30 September 2023 7,649

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
30.9.24 30.9.23
£    £   
Trade debtors 5,179 5,329
Amounts owed by participating interests 82,043 43,000
Other debtors 48,377 60,015
135,599 108,344

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
30.9.24 30.9.23
£    £   
Trade creditors 30,665 4,109
Taxation and social security 52,282 42,554
Other creditors 38,634 47,615
121,581 94,278

7. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
30.9.24 30.9.23
£    £   
Other creditors 22,911 19,886

S.R. Wood & Son (Property Management)
Limited (Registered number: 05580169)

Notes to the Financial Statements - continued
for the Year Ended 30 September 2024

8. LEASING AGREEMENTS

Minimum lease payments under non-cancellable operating leases fall due as follows:
30.9.24 30.9.23
£    £   
Within one year 16,655 16,655
Between one and five years 49,965 66,620
66,620 83,275

9. DIRECTORS' ADVANCES, CREDITS AND GUARANTEES

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

30.9.24 30.9.23
£    £   
R J Nixon
Balance outstanding at start of year 22,712 (108 )
Amounts advanced 94,620 91,625
Amounts repaid (117,639 ) (68,805 )
Amounts written off - -
Amounts waived - -
Balance outstanding at end of year (307 ) 22,712

S J Wood
Balance outstanding at start of year (75 ) (75 )
Amounts advanced 12,000 12,000
Amounts repaid (12,000 ) (12,000 )
Amounts written off - -
Amounts waived - -
Balance outstanding at end of year (75 ) (75 )

Interest has been charged on the loan at 2.25%. The loan is repayable on demand.

10. RELATED PARTY DISCLOSURES

Included in debtors there is a balance of 82,043 (2024: £43,000) owed from a company which the directors have an interest in.