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COMPANY REGISTRATION NUMBER: 4934603
Woodcroft Construction Limited
Filleted Unaudited Financial Statements
31 October 2024
Woodcroft Construction Limited
Statement of Financial Position
31 October 2024
2024
2023
Note
£
£
£
Fixed assets
Tangible assets
5
7,072
9,777
Current assets
Stocks
27
54
Debtors
6
3,368
3,318
Cash at bank and in hand
843
6,976
-------
--------
4,238
10,348
Creditors: amounts falling due within one year
7
22,404
21,640
--------
--------
Net current liabilities
18,166
11,292
--------
--------
Total assets less current liabilities
( 11,094)
( 1,515)
--------
-------
Net liabilities
( 11,094)
( 1,515)
--------
-------
Capital and reserves
Called up share capital
100
100
Profit and loss account
( 11,194)
( 1,615)
--------
-------
Shareholders deficit
( 11,094)
( 1,515)
--------
-------
These financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies' regime and in accordance with Section 1A of FRS 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland'.
In accordance with section 444 of the Companies Act 2006, the statement of income and retained earnings has not been delivered.
For the year ending 31 October 2024 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.
Directors' responsibilities:
- The members have not required the company to obtain an audit of its financial statements for the year in question in accordance with section 476 ;
- The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of financial statements .
Woodcroft Construction Limited
Statement of Financial Position (continued)
31 October 2024
These financial statements were approved by the board of directors and authorised for issue on 19 February 2025 , and are signed on behalf of the board by:
I Hoskins Esq
Mrs D Hoskins
Director
Director
Company registration number: 4934603
Woodcroft Construction Limited
Notes to the Financial Statements
Year ended 31 October 2024
1. General information
The company is a private company limited by shares, registered in England and Wales. The address of the registered office is TML House, 1a The Anchorage, Gosport, Hampshire, PO12 1LY.
2. Statement of compliance
These financial statements have been prepared in compliance with Section 1A of FRS 102, 'The Financial Reporting Standard applicable in the UK and the Republic of Ireland'.
3. Accounting policies
Basis of preparation
The financial statements have been prepared on the historical cost basis, as modified by the revaluation of certain financial assets and liabilities and investment properties measured at fair value through profit or loss.
The financial statements are prepared in sterling, which is the functional currency of the entity.
Revenue recognition
Turnover is measured at the fair value of the consideration received or receivable for goods supplied and services rendered, net of discounts and Value Added Tax. Revenue from the sale of goods is recognised when the significant risks and rewards of ownership have transferred to the buyer (usually on despatch of the goods); the amount of revenue can be measured reliably; it is probable that the associated economic benefits will flow to the entity; and the costs incurred or to be incurred in respect of the transactions can be measured reliably.
Tangible assets
Tangible assets are initially recorded at cost, and subsequently stated at cost less any accumulated depreciation and impairment losses. Any tangible assets carried at revalued amounts are recorded at the fair value at the date of revaluation less any subsequent accumulated depreciation and subsequent accumulated impairment losses. An increase in the carrying amount of an asset as a result of a revaluation, is recognised in other comprehensive income and accumulated in equity, except to the extent it reverses a revaluation decrease of the same asset previously recognised in profit or loss. A decrease in the carrying amount of an asset as a result of revaluation, is recognised in other comprehensive income to the extent of any previously recognised revaluation increase accumulated in equity in respect of that asset. Where a revaluation decrease exceeds the accumulated revaluation gains accumulated in equity in respect of that asset, the excess shall be recognised in profit or loss.
Depreciation
Depreciation is calculated so as to write off the cost or valuation of an asset, less its residual value, over the useful economic life of that asset as follows:
Plant and Machinery
-
25% reducing balance
Motor vehicles
-
25% reducing balance
Equipment
-
25% reducing balance
Impairment of fixed assets
A review for indicators of impairment is carried out at each reporting date, with the recoverable amount being estimated where such indicators exist. Where the carrying value exceeds the recoverable amount, the asset is impaired accordingly. Prior impairments are also reviewed for possible reversal at each reporting date. For the purposes of impairment testing, when it is not possible to estimate the recoverable amount of an individual asset, an estimate is made of the recoverable amount of the cash-generating unit to which the asset belongs. The cash-generating unit is the smallest identifiable group of assets that includes the asset and generates cash inflows that largely independent of the cash inflows from other assets or groups of assets.
Stocks
Stocks are measured at the lower of cost and estimated selling price less costs to complete and sell. Cost includes all costs of purchase, costs of conversion and other costs incurred in bringing the stock to its present location and condition.
4. Employee numbers
The average number of persons employed by the company during the year amounted to 1 (2023: 1 ).
5. Tangible assets
Plant and machinery
Motor vehicles
Equipment
Total
£
£
£
£
Cost
At 1 November 2023
8,669
14,100
9,459
32,228
Disposals
( 2,334)
( 956)
( 3,290)
-------
--------
-------
--------
At 31 October 2024
6,335
14,100
8,503
28,938
-------
--------
-------
--------
Depreciation
At 1 November 2023
7,832
8,152
6,467
22,451
Charge for the year
171
1,487
699
2,357
Disposals
( 2,180)
( 762)
( 2,942)
-------
--------
-------
--------
At 31 October 2024
5,823
9,639
6,404
21,866
-------
--------
-------
--------
Carrying amount
At 31 October 2024
512
4,461
2,099
7,072
-------
--------
-------
--------
At 31 October 2023
837
5,948
2,992
9,777
-------
--------
-------
--------
6. Debtors
2024
2023
£
£
Other debtors
3,368
3,318
-------
-------
7. Creditors: amounts falling due within one year
2024
2023
£
£
Corporation tax
774
Other creditors
21,630
21,640
--------
--------
22,404
21,640
--------
--------
8. Directors' advances, credits and guarantees
During the year the directors entered into the following advances and credits with the company:
2024
Balance brought forward
Advances/ (credits) to the directors
Balance outstanding
£
£
£
I Hoskins Esq
( 9,914)
( 448)
( 10,362)
Mrs D Hoskins
( 9,914)
( 449)
( 10,363)
--------
----
--------
( 19,828)
( 897)
( 20,725)
--------
----
--------
2023
Balance brought forward
Advances/ (credits) to the directors
Balance outstanding
£
£
£
I Hoskins Esq
( 19,345)
9,431
( 9,914)
Mrs D Hoskins
( 19,345)
9,431
( 9,914)
--------
--------
--------
( 38,690)
18,862
( 19,828)
--------
--------
--------