Registered number
14458656
138 WOOD GREEN LTD
Filleted Accounts
For the year ended
31 October 2024
KHMM
CHARTERED MANAGEMENT ACCOUNTANTS
7-8 WING YIP BUSINESS CENTRE
395 EDGWARE ROAD
LONDON
NW2 6LN
Tel: 0208 208 2085
138 WOOD GREEN LTD
Registered number: 14458656
Balance Sheet
as at 31 October 2024
Notes 2024 2023
£ £
Current assets
Stocks 5,135 5,445
Debtors 3 15,390 18,815
Cash at bank and in hand 76,894 62,015
97,419 86,275
Creditors: amounts falling due within one year 4 (125,517) (139,100)
Net current liabilities (28,098) (52,825)
Net liabilities (28,098) (52,825)
Capital and reserves
Called up share capital 100 100
Profit and loss account (28,198) (52,925)
Shareholder's funds (28,098) (52,825)
These financial statements have been prepared 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'.
For the year ending 31 October 2024 the company is entitled to exemption from the requirement to obtain an audit under section 477 of the Companies Act 2006.
Director's responsibilities:
The member has not required the company to obtain an audit in accordance with section 476 of the Act.
The director acknowledges her responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of accounts.
The accounts have been prepared and delivered in accordance with the special provisions applicable to companies subject to the small companies regime. The profit and loss account has not been delivered to the Registrar of Companies.
Ms Li Li Teoh
Director
Approved by the board on 11 July 2025
138 WOOD GREEN LTD
Notes to the Accounts
for the year ended 31 October 2024
1 Accounting policies
Basis of preparation
The accounts have been prepared under the historical cost convention and in accordance with FRS 102, The Financial Reporting Standard applicable in the UK and Republic of Ireland (as applied to small entities by section 1A of the standard).
Turnover
Turnover is measured at the fair value of the consideration received or receivable, net of discounts and value added taxes. Turnover includes revenue earned from the sale of goods and from the rendering of services. Turnover from the sale of goods is recognised when the significant risks and rewards of ownership of the goods have transferred to the buyer. Turnover from the rendering of services is recognised by reference to the stage of completion of the contract. The stage of completion of a contract is measured by comparing the costs incurred for work performed to date to the total estimated contract costs.
Stocks
Stocks are measured at the lower of cost and estimated selling price less costs to complete and sell. Cost is determined using the first in first out method. The carrying amount of stock sold is recognised as an expense in the period in which the related revenue is recognised.
Debtors
Short term debtors are measured at transaction price (which is usually the invoice price), less any impairment losses for bad and doubtful debts. Loans and other financial assets are initially recognised at transaction price including any transaction costs and subsequently measured at amortised cost determined using the effective interest method, less any impairment losses for bad and doubtful debts.
Creditors
Short term creditors are measured at transaction price (which is usually the invoice price). Loans and other financial liabilities are initially recognised at transaction price net of any transaction costs and subsequently measured at amortised cost determined using the effective interest method.
Taxation
A current tax liability is recognised for the tax payable on the taxable profit of the current and past periods. A current tax asset is recognised in respect of a tax loss that can be carried back to recover tax paid in a previous period. Deferred tax is recognised in respect of all timing differences between the recognition of income and expenses in the financial statements and their inclusion in tax assessments. 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. Deferred tax is measured using the tax rates and laws that have been enacted or substantively enacted by the reporting date and that are expected to apply to the reversal of the timing difference, except for revalued land and investment property where the tax rate that applies to the sale of the asset is used. Current and deferred tax assets and liabilities are not discounted.
2 Employees 2024 2023
Number Number
Average number of persons employed by the company 15 17
3 Debtors 2024 2023
£ £
Rent deposit 15,000 15,000
Other debtors 390 3,815
15,390 18,815
4 Creditors: amounts falling due within one year 2024 2023
£ £
Trade creditors 2,715 -
Taxation and social security costs 25,703 44,049
Other creditors 97,099 95,051
125,517 139,100
5 Other information
138 WOOD GREEN LTD is a private company limited by shares and incorporated in England. Its registered office is:
8 Wing Yip Business Centre
395 Edgeware Road
London
NW2 6LN
138 WOOD GREEN LTD 14458656 false 2023-11-01 2024-10-31 2024-10-31 VT Final Accounts July 2024 Ms Li Li Teoh No description of principal activity 14458656 2022-11-02 2023-10-31 14458656 core:WithinOneYear 2023-10-31 14458656 core:ShareCapital 2023-10-31 14458656 core:RetainedEarningsAccumulatedLosses 2023-10-31 14458656 2023-11-01 2024-10-31 14458656 bus:PrivateLimitedCompanyLtd 2023-11-01 2024-10-31 14458656 bus:AuditExemptWithAccountantsReport 2023-11-01 2024-10-31 14458656 bus:Director40 2023-11-01 2024-10-31 14458656 1 2023-11-01 2024-10-31 14458656 2 2023-11-01 2024-10-31 14458656 countries:England 2023-11-01 2024-10-31 14458656 bus:FRS102 2023-11-01 2024-10-31 14458656 bus:FilletedAccounts 2023-11-01 2024-10-31 14458656 2024-10-31 14458656 core:WithinOneYear 2024-10-31 14458656 core:ShareCapital 2024-10-31 14458656 core:RetainedEarningsAccumulatedLosses 2024-10-31 14458656 2023-10-31 iso4217:GBP xbrli:pure