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REGISTERED NUMBER: 05562454 (England and Wales)















UNAUDITED FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 OCTOBER 2024

FOR

B D WOODGATE LIMITED

B D WOODGATE LIMITED (REGISTERED NUMBER: 05562454)

CONTENTS OF THE FINANCIAL STATEMENTS
for the year ended 31 October 2024










Page

Company Information 1

Chartered Accountants' Report 2

Balance Sheet 3

Notes to the Financial Statements 5


B D WOODGATE LIMITED

COMPANY INFORMATION
for the year ended 31 October 2024







DIRECTOR: B D Woodgate





SECRETARY: C M Markwick





REGISTERED OFFICE: Sefton
Crowborough Hill
Crowborough
East Sussex
TN6 2SD





REGISTERED NUMBER: 05562454 (England and Wales)





ACCOUNTANTS: BSR Bespoke Chartered Accountants
Linden House
Linden Close
Tunbridge Wells
Kent
TN4 8HH

CHARTERED ACCOUNTANTS' REPORT TO THE DIRECTOR
ON THE UNAUDITED FINANCIAL STATEMENTS OF
B D WOODGATE LIMITED


The following reproduces the text of the report prepared for the director in respect of the company's annual unaudited financial statements. In accordance with the Companies Act 2006, the company is only required to file a Balance Sheet. Readers are cautioned that the Income Statement and certain other primary statements and the Report of the Director are not required to be filed with the Registrar of Companies.

In order to assist you to fulfil your duties under the Companies Act 2006, we have prepared for your approval the financial statements of B D Woodgate Limited for the year ended 31 October 2024 which comprise the Income Statement, Balance Sheet, Statement of Changes in Equity and the related notes from the company's accounting records and from information and explanations you have given us.

As a practising member firm of the Institute of Chartered Accountants in England and Wales (ICAEW), we are subject to its ethical and other professional requirements which are detailed within the ICAEW's regulations and guidance at http://www.icaew.com/en/membership/regulations-standards-and-guidance.

This report is made solely to the director of B D Woodgate Limited in accordance with our terms of engagement. Our work has been undertaken solely to prepare for your approval the financial statements of B D Woodgate Limited and state those matters that we have agreed to state to the director of B D Woodgate Limited in this report in accordance with ICAEW Technical Release 07/16AAF. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than B D Woodgate Limited and its director for our work or for this report.

It is your duty to ensure that B D Woodgate Limited has kept adequate accounting records and to prepare statutory financial statements that give a true and fair view of the assets, liabilities, financial position and profit of B D Woodgate Limited. You consider that B D Woodgate Limited is exempt from the statutory audit requirement for the year.

We have not been instructed to carry out an audit or a review of the financial statements of B D Woodgate Limited. For this reason, we have not verified the accuracy or completeness of the accounting records or information and explanations you have given to us and we do not, therefore, express any opinion on the statutory financial statements.






BSR Bespoke Chartered Accountants
Linden House
Linden Close
Tunbridge Wells
Kent
TN4 8HH


23 July 2025

B D WOODGATE LIMITED (REGISTERED NUMBER: 05562454)

BALANCE SHEET
31 October 2024

31.10.24 31.10.23
Notes £    £    £    £   
FIXED ASSETS
Intangible assets 4 3,000 6,000
Tangible assets 5 17,773 20,870
20,773 26,870

CURRENT ASSETS
Stocks 5,000 7,500
Debtors 6 76,429 90,554
Cash at bank and in hand 57 21,531
81,486 119,585
CREDITORS
Amounts falling due within one year 7 92,512 130,324
NET CURRENT LIABILITIES (11,026 ) (10,739 )
TOTAL ASSETS LESS CURRENT
LIABILITIES

9,747

16,131

CREDITORS
Amounts falling due after more than one
year

8

(5,834

)

(15,832

)

PROVISIONS FOR LIABILITIES (3,376 ) -
NET ASSETS 537 299

CAPITAL AND RESERVES
Called up share capital 100 100
Retained earnings 437 199
SHAREHOLDERS' FUNDS 537 299

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 October 2024.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 October 2024 in accordance with Section 476 of the Companies Act 2006.

The director acknowledges his 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.

B D WOODGATE LIMITED (REGISTERED NUMBER: 05562454)

BALANCE SHEET - continued
31 October 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 director and authorised for issue on 23 July 2025 and were signed by:





B D Woodgate - Director


B D WOODGATE LIMITED (REGISTERED NUMBER: 05562454)

NOTES TO THE FINANCIAL STATEMENTS
for the year ended 31 October 2024


1. STATUTORY INFORMATION

B D Woodgate 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.

The presentation currency of the financial statements is the Pound Sterling (£).


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 recognised when it is probable that future economic benefits will flow to the company from the provision of construction contracts and is measured as the fair value of consideration which the company expects to receive from those transactions. Turnover is recognised as control of the goods is passed over to the customer. Where the normal criteria for the recognition of turnover are not met or are varied, then turnover is recognised at the point when control has passed to the customer which could be when legal title has passed to the customer or when the business has a right to payment such as on completion of work or when cash payment has been made to the company.

When the outcome of a construction contract can be estimated reliably, contract turnover and associated expenditure are recognised by reference to the stage of completion of the contract at the reporting date.

When the outcome of a construction contract cannot be estimated reliably, contract turnover shall only be recognised to the extent of the amount of associated expenditure incurred and it is probable that the contract turnover will be recoverable.

Provision will be made for all losses arising from a construction contract where it is probable that current and future contract expenditure exceeds contract turnover.

Turnover is recognised net of returns and of trade discounts and is shown exclusive of value added tax.

Goodwill
Goodwill, being the amount paid in connection with the acquisition of a business in 2005, 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.
Office building - 2% on cost
Plant and machinery - 25% on reducing balance
Office equipment - 25% on reducing balance
Motor vehicles - 25% on reducing balance and 20% on reducing balance
Computer equipment - 33% on cost

B D WOODGATE LIMITED (REGISTERED NUMBER: 05562454)

NOTES TO THE FINANCIAL STATEMENTS - continued
for the year ended 31 October 2024


2. ACCOUNTING POLICIES - continued

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

Financial instruments
The company enters into basic financial instruments that give rise to financial assets and financial liabilities including trade and other debtors, trade and other creditors, bank account balances, bank loans and other loans and borrowings and investments in certain non puttable and non convertible equity instruments.

Debt instruments which are not payable or receivable within one year are initially accounted for at the transaction price and are subsequently accounted for at amortised cost using the effective interest method. Debt instruments payable and receivable within one year are measured at their undiscounted cash amounts. Where the debt instruments are treated as a financing transaction, then the financial asset or liability is measured at the present value of future cash flows based on a market rate of interest. Debt instruments which are treated as financial assets and accounted for at amortised cost are also assessed for impairment.

Equity instruments are initially accounted for at transaction price. They are subsequently accounted for at cost unless they can be accounted for at fair value based on a readily available market price or fair value. Equity instruments which are treated as financial assets and accounted for at cost are also assessed for impairment.

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
Assets obtained under hire purchase contracts or finance leases are capitalised in the balance sheet. Those held under hire purchase contracts are depreciated over their estimated useful lives. Those held under finance leases are depreciated over their estimated useful lives or the lease term, whichever is the shorter.

The interest element of these obligations is charged to profit or loss over the relevant period. The capital element of the future payments is treated as a liability.

Rentals paid under operating leases are charged to profit or loss on a straight line basis over the period of the lease.

B D WOODGATE LIMITED (REGISTERED NUMBER: 05562454)

NOTES TO THE FINANCIAL STATEMENTS - continued
for the year ended 31 October 2024


2. ACCOUNTING POLICIES - continued

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 5 (2023 - 6 ) .

4. INTANGIBLE FIXED ASSETS
Goodwill
£   
COST
At 1 November 2023
and 31 October 2024 60,000
AMORTISATION
At 1 November 2023 54,000
Charge for year 3,000
At 31 October 2024 57,000
NET BOOK VALUE
At 31 October 2024 3,000
At 31 October 2023 6,000

5. TANGIBLE FIXED ASSETS
Office Plant and Office
building machinery equipment
£    £    £   
COST
At 1 November 2023 2,500 69,708 309
Additions - 1,360 -
At 31 October 2024 2,500 71,068 309
DEPRECIATION
At 1 November 2023 850 65,930 272
Charge for year 50 1,284 9
At 31 October 2024 900 67,214 281
NET BOOK VALUE
At 31 October 2024 1,600 3,854 28
At 31 October 2023 1,650 3,778 37

B D WOODGATE LIMITED (REGISTERED NUMBER: 05562454)

NOTES TO THE FINANCIAL STATEMENTS - continued
for the year ended 31 October 2024


5. TANGIBLE FIXED ASSETS - continued

Motor Computer
vehicles equipment Totals
£    £    £   
COST
At 1 November 2023 86,246 1,338 160,101
Additions - - 1,360
At 31 October 2024 86,246 1,338 161,461
DEPRECIATION
At 1 November 2023 70,841 1,338 139,231
Charge for year 3,114 - 4,457
At 31 October 2024 73,955 1,338 143,688
NET BOOK VALUE
At 31 October 2024 12,291 - 17,773
At 31 October 2023 15,405 - 20,870

6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.10.24 31.10.23
£    £   
Trade debtors 9,000 96
Other debtors 67,429 90,458
76,429 90,554

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.10.24 31.10.23
£    £   
Bank loans and overdrafts 34,322 23,984
Trade creditors 22,449 38,453
Taxation and social security 32,041 44,111
Other creditors 3,700 23,776
92,512 130,324

8. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
31.10.24 31.10.23
£    £   
Bank loans 5,834 15,832

B D WOODGATE LIMITED (REGISTERED NUMBER: 05562454)

NOTES TO THE FINANCIAL STATEMENTS - continued
for the year ended 31 October 2024


9. SECURED DEBTS

The following secured debts are included within creditors:

31.10.24 31.10.23
£    £   
Bank overdrafts 24,322 13,984

The bank loan and overdraft is secured by a personal guarantee provided by the director.

10. DIRECTOR'S ADVANCES, CREDITS AND GUARANTEES

The following advances and credits to a director subsisted during the years ended 31 October 2024 and 31 October 2023:

31.10.24 31.10.23
£    £   
B D Woodgate
Balance outstanding at start of year 50,091 16,559
Amounts advanced 53,397 50,091
Amounts repaid (53,412 ) (16,559 )
Amounts written off - -
Amounts waived - -
Balance outstanding at end of year 50,076 50,091

Interest is charged at the statutory rate on overdrawn balances exceeding £10,000.

11. ULTIMATE CONTROLLING PARTY

The ultimate controlling party is B D Woodgate.