Company Registration No. 09426315 (England and Wales)
Woodville Project Limited
Unaudited accounts
for the year ended 30 September 2024
Woodville Project Limited
Unaudited accounts
Contents
Woodville Project Limited
Company Information
for the year ended 30 September 2024
Directors
Michael Symeou
Max Condon
Company Number
09426315 (England and Wales)
Registered Office
Unit 4
Old Granary
Caldecote
Baldock
Hertfordshire
SG7 5LE
England
Woodville Project Limited
Statement of financial position
as at 30 September 2024
Tangible assets
542,140
483,329
Cash at bank and in hand
52,284
38,720
Creditors: amounts falling due within one year
(601,819)
(45,337)
Net current assets
12,840
85,130
Total assets less current liabilities
554,980
568,459
Creditors: amounts falling due after more than one year
(114,543)
(185,376)
Provisions for liabilities
Deferred tax
(96,625)
(85,451)
Net assets
343,812
297,632
Called up share capital
100
100
Profit and loss account
343,712
297,532
Shareholders' funds
343,812
297,632
For the year ending 30 September 2024 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies. The members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.
The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.
These accounts have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies' regime and in accordance with the provisions of FRS 102 Section 1A - Small Entities. The profit and loss account has not been delivered to the Registrar of Companies.
The financial statements were approved by the Board of Directors and authorised for issue on 20 June 2025 and were signed on its behalf by
Michael Symeou
Director
Company Registration No. 09426315
Woodville Project Limited
Notes to the Accounts
for the year ended 30 September 2024
Woodville Project Limited is a private company, limited by shares, registered in England and Wales, registration number 09426315. The registered office is Unit 4, Old Granary, Caldecote, Baldock, Hertfordshire, SG7 5LE, England.
2
Compliance with accounting standards
The accounts have been prepared in accordance with the provisions of FRS 102 Section 1A Small Entities. There were no material departures from that standard.
The principal accounting policies adopted in the preparation of the financial statements are set out below and have remained unchanged from the previous year, and also have been consistently applied within the same accounts.
The accounts have been prepared under the historical cost convention as modified by the revaluation of certain fixed assets.
The accounts are presented in £ sterling.
Inventories have been valued at the lower of cost and estimated selling price less costs to complete and sell. In respect of work in progress and finished goods, cost includes a relevant proportion of overheads according to the stage of manufacturing/completion.
Rentals applicable to operating leases where substantially all of the benefits and risks of ownership remain with the lessor are charged against profit on a straight line basis over the lease term.
Assets held under finance leases and hire purchase contracts are capitalised and depreciated over their useful lives. The corresponding lease or hire purchase obligation is treated in the balance sheet as a liability. The interest element of rental obligations is charged to the profit and loss account over the period of the lease at a constant proportion of the outstanding balance of capital repayments.
Deferred tax arises as a result of including items of income and expenditure in taxation computations in periods different from those in which they are included in the company's accounts. Deferred tax is provided in full on timing differences which result in an obligation to pay more (or less) tax at a future date, at the average tax rates that are expected to apply when the timing differences reverse, based on current tax rates and laws.
Deferred tax assets and liabilities are not discounted.
Tangible fixed assets and depreciation
Tangible assets are included at cost less depreciation and impairment. Depreciation has been provided at the following rates in order to write off the assets over their estimated useful lives:
Plant & machinery
25% Reducing Balance
Motor vehicles
20% Reducing Balance
Fixtures & fittings
25% Reducing Balance
Computer equipment
33% Straight Line
Woodville Project Limited
Notes to the Accounts
for the year ended 30 September 2024
4
Tangible fixed assets
Plant & machinery
Motor vehicles
Fixtures & fittings
Computer equipment
Total
Cost or valuation
At cost
At cost
At cost
At cost
At 1 October 2023
14,759
186,632
742,018
-
943,409
Additions
2,000
-
236,197
4,798
242,995
Disposals
-
-
(35,709)
-
(35,709)
At 30 September 2024
16,759
186,632
942,506
4,798
1,150,695
At 1 October 2023
4,111
69,007
386,962
-
460,080
Charge for the year
3,162
23,525
141,372
1,599
169,658
On disposals
-
-
(21,183)
-
(21,183)
At 30 September 2024
7,273
92,532
507,151
1,599
608,555
At 30 September 2024
9,486
94,100
435,355
3,199
542,140
At 30 September 2023
10,648
117,625
355,056
-
483,329
Amounts falling due within one year
Trade debtors
339,424
49,650
Accrued income and prepayments
26,327
-
Amounts falling due after more than one year
Amounts due from group undertakings etc.
124,299
-
6
Creditors: amounts falling due within one year
2024
2023
Bank loans and overdrafts
25,628
-
Taxes and social security
22,295
22,274
Other creditors
12,827
12,183
Loans from directors
-
3,860
Woodville Project Limited
Notes to the Accounts
for the year ended 30 September 2024
7
Creditors: amounts falling due after more than one year
2024
2023
Obligations under finance leases and hire purchase contracts
99,270
116,098
8
Transactions with related parties
The balance sheet includes balances with companies where Mr Max Condon and Mr Michael Symeou are directors, who are also directors of Woodville Project Ltd
Woodville Events Ltd: Amounts due from group undertakings 2024: £124,299 (2023: £0)
9
Average number of employees
During the year the average number of employees was 4 (2023: 6).