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REGISTERED NUMBER: 10678743 (England and Wales)


















Report of the Directors and

Unaudited Financial Statements for the Year Ended 30 April 2025

for

Woodcut Limited

Woodcut Limited (Registered number: 10678743)

Contents of the Financial Statements
for the Year Ended 30 April 2025










Page

Company Information 1

Report of the Directors 2

Income Statement 3

Balance Sheet 4

Notes to the Financial Statements 6


Woodcut Limited

Company Information
for the Year Ended 30 April 2025







DIRECTORS: Richard P Bate
Simon Bate
Adam Bate





REGISTERED OFFICE: Unit 12 Rockhill Business Park
Higher Bugle
St Austell
Cornwall
PL24 8RA





REGISTERED NUMBER: 10678743 (England and Wales)





ACCOUNTANTS: Southshore Accounting Services
66, Biscovey Road
St Blazey Gate
Par
Cornwall
PL24 2HW

Woodcut Limited (Registered number: 10678743)

Report of the Directors
for the Year Ended 30 April 2025


The directors present their report with the financial statements of the company for the year ended 30 April 2025.

DIRECTORS
The directors shown below have held office during the whole of the period from 1 May 2024 to the date of this report.

Richard P Bate
Simon Bate
Adam Bate

This report has been prepared in accordance with the provisions of Part 15 of the Companies Act 2006 relating to small companies.

ON BEHALF OF THE BOARD:





Richard P Bate - Director


17 June 2025

Woodcut Limited (Registered number: 10678743)

Income Statement
for the Year Ended 30 April 2025

30.4.25 30.4.24
Notes £    £    £    £   

TURNOVER 645,707 755,191

Cost of sales 461,253 500,255
GROSS PROFIT 184,454 254,936

Distribution costs 7,788 9,322
Administrative expenses 184,702 200,942
192,490 210,264
(8,036 ) 44,672

Other operating income 10,179 10,179
OPERATING PROFIT 4 2,143 54,851


Interest payable and similar
expenses

3,340

2,402
(LOSS)/PROFIT BEFORE TAXATION (1,197 ) 52,449

Tax on (loss)/profit (2,686 ) 16,222
PROFIT FOR THE FINANCIAL YEAR 1,489 36,227

Woodcut Limited (Registered number: 10678743)

Balance Sheet
30 April 2025

30.4.25 30.4.24
Notes £    £    £    £   
FIXED ASSETS
Intangible assets 5 69,000 74,750
Tangible assets 6 111,837 104,000
180,837 178,750

CURRENT ASSETS
Stocks 5,000 5,000
Debtors 7 98,815 101,647
Cash at bank 66,313 74,879
170,128 181,526
CREDITORS
Amounts falling due within one year 8 103,642 112,942
NET CURRENT ASSETS 66,486 68,584
TOTAL ASSETS LESS CURRENT
LIABILITIES

247,323

247,334

CREDITORS
Amounts falling due after more than
one year

9

15,000

15,000
NET ASSETS 232,323 232,334

Woodcut Limited (Registered number: 10678743)

Balance Sheet - continued
30 April 2025

30.4.25 30.4.24
Notes £    £    £    £   
CAPITAL AND RESERVES
Called up share capital 1,300 1,300
Retained earnings 231,023 231,034
232,323 232,334

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 30 April 2025.

The members have not required the company to obtain an audit of its financial statements for the year ended 30 April 2025 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 in accordance with the provisions applicable to companies subject to the small companies regime.

The financial statements were approved by the Board of Directors and authorised for issue on 17 June 2025 and were signed on its behalf by:





Richard P Bate - Director


Woodcut Limited (Registered number: 10678743)

Notes to the Financial Statements
for the Year Ended 30 April 2025


1. STATUTORY INFORMATION

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

GOODWILL
Goodwill, being the amount paid in connection with the acquisition of a business in 2017, is being amortised evenly over its estimated useful life of twenty years.

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.

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


Woodcut Limited (Registered number: 10678743)

Notes to the Financial Statements - continued
for the Year Ended 30 April 2025


2. ACCOUNTING POLICIES - continued
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.

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 7 (2024 - 8 ) .

4. OPERATING PROFIT

The operating profit is stated after charging:

30.4.25 30.4.24
£    £   
Depreciation - owned assets 54,864 50,748
Goodwill amortisation 5,750 5,750

Woodcut Limited (Registered number: 10678743)

Notes to the Financial Statements - continued
for the Year Ended 30 April 2025


5. INTANGIBLE FIXED ASSETS
Goodwill
£   
COST
At 1 May 2024
and 30 April 2025 115,000
AMORTISATION
At 1 May 2024 40,250
Charge for year 5,750
At 30 April 2025 46,000
NET BOOK VALUE
At 30 April 2025 69,000
At 30 April 2024 74,750

6. TANGIBLE FIXED ASSETS
Plant and
machinery
etc
£   
COST
At 1 May 2024 372,210
Additions 62,701
At 30 April 2025 434,911
DEPRECIATION
At 1 May 2024 268,210
Charge for year 54,864
At 30 April 2025 323,074
NET BOOK VALUE
At 30 April 2025 111,837
At 30 April 2024 104,000

Woodcut Limited (Registered number: 10678743)

Notes to the Financial Statements - continued
for the Year Ended 30 April 2025


7. DEBTORS
30.4.25 30.4.24
£    £   
Amounts falling due within one year:
Trade debtors 78,615 69,171
Other debtors 5,200 17,476
83,815 86,647

Amounts falling due after more than one year:
Other debtors 15,000 15,000

Aggregate amounts 98,815 101,647

8. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
30.4.25 30.4.24
£    £   
Bank loans and overdrafts 31,672 29,245
Trade creditors 44,116 36,544
Taxation and social security 14,586 30,661
Other creditors 13,268 16,492
103,642 112,942

9. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN
ONE YEAR
30.4.25 30.4.24
£    £   
Other creditors 15,000 15,000