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REGISTERED NUMBER: 15647695 (England and Wales)















Group Strategic Report, Report of the Directors and

Audited Consolidated Financial Statements

for the Period 15 April 2024 to 31 December 2024

for

Woodcote Group Ltd

Woodcote Group Ltd (Registered number: 15647695)






Contents of the Consolidated Financial Statements
for the Period 15 April 2024 to 31 December 2024




Page

Group Strategic Report 1

Report of the Directors 3

Report of the Independent Auditors 5

Consolidated Statement of Comprehensive Income 8

Consolidated Balance Sheet 9

Company Balance Sheet 10

Consolidated Statement of Changes in Equity 11

Company Statement of Changes in Equity 12

Consolidated Cash Flow Statement 13

Notes to the Consolidated Cash Flow Statement 14

Notes to the Consolidated Financial Statements 15


Woodcote Group Ltd (Registered number: 15647695)

Group Strategic Report
for the Period 15 April 2024 to 31 December 2024

The directors present their strategic report of the company and the group for the period 15 April 2024 to 31 December 2024.

REVIEW OF BUSINESS
The directors are pleased to report a successful period for the group.

The group has generated £16,857,710 of turnover in the period, generating profits before tax of £10,920,912 to give satisfactory results. Negative goodwill generated on formation of the group of £7,710,346 was amortised in the period. Excluding the impact of this, profits before tax of £3,210,566 were generated in the period. EBITDA in the period was £3,423,332.

At the period end the group had net assets of £9,232,790 including distributable profits of £8,932,790. The directors therefore believe the group's position to be satisfactory, especially as current assets exceed its current liabilities by £9,040,820 while the group holds cash of £2,427,489.

PRINCIPAL RISKS AND UNCERTAINTIES
The financial performance of the group is impacted by the UK (and worldwide) economic environment. Demand for the group's products can be influenced by the level of construction activity and residential and commercial development. These activity levels are sensitive to both wider economic conditions but also the prevailing regulatory environment, including changes to building safety and environmental policy. The market in which the group operates is subject to competition from national and regional operators, and price competition is keen. The directors believe that the quality of the group's products and ongoing contingent arrangements will help mitigate this risk.

The group is exposed to several financial risks:

Price risk
The group is exposed to price risk across many of its products, but particularly those impacted by commodity prices. The group has in place stringent price-monitoring practices and employs strategies to mitigate the impact of any unfavourable price movements.

Credit risk
Credit risk primarily applies to the group's trade debtors. The group has in place strict policies governing the provision and monitoring of credit accounts and imposes suitable credit limits with reference to data from external sources such as credit reference agencies. Outstanding debt is pro-actively managed in line with group policies, and such management can include taking formal steps to recover amounts due.

Foreign currency risk
The group has some exposure to exchange rate fluctuation as it purchases a proportion of its inventories in currencies other than Sterling. This exposure is to USD and Euro movements against the GBP. Exchange rates are actively monitored, and currency is from time to time held in non-Sterling denominations. Commercial arrangements with suppliers are structured to mitigate currency risk where practical.

Liquidity risk
The group manages its cashflow to ensure that it has sufficient cash to meet its liabilities as they fall due. The group operates rolling short-term liquidity forecasting and monitors actual cash against these forecasts. Longer term cash flow forecasts are also maintained, regularly reviewed and updated for actual performance.


Woodcote Group Ltd (Registered number: 15647695)

Group Strategic Report
for the Period 15 April 2024 to 31 December 2024

KEY PERFORMANCE INDICATORS
The directors consider the following financial key performance indicators as the metrics against which business performance is best tracked:

Measure P/e 31/12/2024
Revenue £16.9m
Gross Profit £6.5m
Gross Margin % 38.5%
EBITDA £3.4m

EBITDA reconciles to Operating Profit as below:

P/e 31/12/2024
Operating Profit £3.2m
Depreciation on Fixed Assets £0.2m
EBITDA £3.4m

FUTURE DEVELOPMENTS
The directors believe that there is a strong foundation to build the business further and improve on the current year's results. The group will continue to focus on growing market share through developing and sourcing excellent quality products, including own-branded products, and delivering best-in-class customer service.

ON BEHALF OF THE BOARD:





Mr L Reiner - Director


4 July 2025

Woodcote Group Ltd (Registered number: 15647695)

Report of the Directors
for the Period 15 April 2024 to 31 December 2024

The directors present their report with the financial statements of the company and the group for the period 15 April 2024 to 31 December 2024.

INCORPORATION
The group was incorporated on 15 April 2024 .

PRINCIPAL ACTIVITY
The principal activity of the group in the period under review was that of the provision of innovative bonding systems and specialised tools, excluding value added tax.

DIVIDENDS
The total distribution of dividends for the year ended 31 December 2024 will be £1,174,513.

DIRECTORS
The directors who have held office during the period from 15 April 2024 to the date of this report are as follows:

Mr B G Reiner - appointed 15 April 2024
Mrs C G Reiner - appointed 15 April 2024
Mrs D Reiner - appointed 15 April 2024
Mrs F Reiner - appointed 15 April 2024
Mr G Reiner - appointed 15 April 2024
Mr L Reiner - appointed 15 April 2024

STATEMENT OF DIRECTORS' RESPONSIBILITIES
The directors are responsible for preparing the Group Strategic Report, the Report of the Directors and the financial statements in accordance with applicable law and regulations.

Company law requires the directors to prepare financial statements for each financial year. Under that law the directors have elected to prepare the financial statements in accordance with United Kingdom Generally Accepted Accounting Practice (United Kingdom Accounting Standards and applicable law). Under company law the directors must not approve the financial statements unless they are satisfied that they give a true and fair view of the state of affairs of the company and the group and of the profit or loss of the group for that period. In preparing these financial statements, the directors are required to:

- select suitable accounting policies and then apply them consistently;
- make judgements and accounting estimates that are reasonable and prudent;
- prepare the financial statements on the going concern basis unless it is inappropriate to presume that the company will continue in business.

The directors are responsible for keeping adequate accounting records that are sufficient to show and explain the company's and the group's transactions and disclose with reasonable accuracy at any time the financial position of the company and the group and enable them to ensure that the financial statements comply with the Companies Act 2006. They are also responsible for safeguarding the assets of the company and the group and hence for taking reasonable steps for the prevention and detection of fraud and other irregularities.

STATEMENT AS TO DISCLOSURE OF INFORMATION TO AUDITORS
So far as the directors are aware, there is no relevant audit information (as defined by Section 418 of the Companies Act 2006) of which the group's auditors are unaware, and each director has taken all the steps that he or she ought to have taken as a director in order to make himself or herself aware of any relevant audit information and to establish that the group's auditors are aware of that information.

Woodcote Group Ltd (Registered number: 15647695)

Report of the Directors
for the Period 15 April 2024 to 31 December 2024


AUDITORS
Drummond Laurie CA are deemed to be reappointed under section 487(2) of the Companies Act 2006.

ON BEHALF OF THE BOARD:





Mr L Reiner - Director


4 July 2025

Report of the Independent Auditors to the Members of
Woodcote Group Ltd

Opinion
We have audited the financial statements of Woodcote Group Ltd (the 'parent company') and its subsidiaries (the 'group') for the period ended 31 December 2024 which comprise the Consolidated Statement of Comprehensive Income, Consolidated Balance Sheet, Company Balance Sheet, Consolidated Statement of Changes in Equity, Company Statement of Changes in Equity, Consolidated Cash Flow Statement and Notes to the Consolidated Cash Flow Statement, Notes to the Financial Statements, including a summary of significant accounting policies. The financial reporting framework that has been applied in their preparation is applicable law and United Kingdom Accounting Standards, including Financial Reporting Standard 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland' (United Kingdom Generally Accepted Accounting Practice).

In our opinion the financial statements:
-give a true and fair view of the state of the group's and of the parent company affairs as at 31 December 2024 and of the group's profit for the period then ended;
-have been properly prepared in accordance with United Kingdom Generally Accepted Accounting Practice; and
-have been prepared in accordance with the requirements of the Companies Act 2006.

Basis for opinion
We conducted our audit in accordance with International Standards on Auditing (UK) (ISAs (UK)) and applicable law. Our responsibilities under those standards are further described in the Auditors' responsibilities for the audit of the financial statements section of our report. We are independent of the group in accordance with the ethical requirements that are relevant to our audit of the financial statements in the UK, including the FRC's Ethical Standard, and we have fulfilled our other ethical responsibilities in accordance with these requirements. We believe that the audit evidence we have obtained is sufficient and appropriate to provide a basis for our opinion.

Conclusions relating to going concern
In auditing the financial statements, we have concluded that the directors' use of the going concern basis of accounting in the preparation of the financial statements is appropriate.

Based on the work we have performed, we have not identified any material uncertainties relating to events or conditions that, individually or collectively, may cast significant doubt on the group's and the parent company's ability to continue as a going concern for a period of at least twelve months from when the financial statements are authorised for issue.

Our responsibilities and the responsibilities of the directors with respect to going concern are described in the relevant sections of this report.

Other information
The directors are responsible for the other information. The other information comprises the information in the Group Strategic Report and the Report of the Directors, but does not include the financial statements and our Report of the Auditors thereon.

Our opinion on the financial statements does not cover the other information and, except to the extent otherwise explicitly stated in our report, we do not express any form of assurance conclusion thereon.

In connection with our audit of the financial statements, our responsibility is to read the other information and, in doing so, consider whether the other information is materially inconsistent with the financial statements or our knowledge obtained in the audit or otherwise appears to be materially misstated. If we identify such material inconsistencies or apparent material misstatements, we are required to determine whether this gives rise to a material misstatement in the financial statements themselves. If, based on the work we have performed, we conclude that there is a material misstatement of this other information, we are required to report that fact. We have nothing to report in this regard.

Opinions on other matters prescribed by the Companies Act 2006
In our opinion, based on the work undertaken in the course of the audit:
- the information given in the Group Strategic Report and the Report of the Directors for the financial year for which the financial statements are prepared is consistent with the financial statements; and
- the Group Strategic Report and the Report of the Directors have been prepared in accordance with applicable legal requirements.

Report of the Independent Auditors to the Members of
Woodcote Group Ltd


Matters on which we are required to report by exception
In the light of the knowledge and understanding of the group and the parent company and its environment obtained in the course of the audit, we have not identified material misstatements in the Group Strategic Report or the Report of the Directors.

We have nothing to report in respect of the following matters where the Companies Act 2006 requires us to report to you if, in our opinion:
- adequate accounting records have not been kept by the parent company, or returns adequate for our audit have not been received from branches not visited by us; or
- the parent company financial statements are not in agreement with the accounting records and returns; or
- certain disclosures of directors' remuneration specified by law are not made; or
- we have not received all the information and explanations we require for our audit.

Responsibilities of directors
As explained more fully in the Statement of Directors' Responsibilities set out on page three, the directors are responsible for the preparation of the financial statements and for being satisfied that they give a true and fair view, and for such internal control as the directors determine necessary to enable the preparation of financial statements that are free from material misstatement, whether due to fraud or error.

In preparing the financial statements, the directors are responsible for assessing the group's and the parent company's ability to continue as a going concern, disclosing, as applicable, matters related to going concern and using the going concern basis of accounting unless the directors either intend to liquidate the group or the parent company or to cease operations, or have no realistic alternative but to do so.

Auditors' responsibilities for the audit of the financial statements
Our objectives are to obtain reasonable assurance about whether the financial statements as a whole are free from material misstatement, whether due to fraud or error, and to issue a Report of the Auditors that includes our opinion. Reasonable assurance is a high level of assurance, but is not a guarantee that an audit conducted in accordance with ISAs (UK) will always detect a material misstatement when it exists. Misstatements can arise from fraud or error and are considered material if, individually or in the aggregate, they could reasonably be expected to influence the economic decisions of users taken on the basis of these financial statements.

Irregularities, including fraud, are instances of non-compliance with laws and regulations. We design procedures in line with our responsibilities outlined above to detect material misstatements in respect of irregularities, including fraud.

Based on our understanding of the group, we identified that the principal risks of non-compliance with laws and regulations related to fraudulent manipulation of the financial statements, including the risk of override of controls, to reduce profits and tax liabilities. We determined that the most likely method of manipulation would be the posting of inappropriate journal entries. Audit procedures performed by the audit engagement team consisted of a review of large and unusual journal entries, challenging assumptions and judgements made by management in significant accounting estimates, discussions with management related to known or suspected instances of non-compliance with laws and regulations, review of Board minutes where available, and an evaluation of management controls designed to prevent and detect irregularities.

There are inherent limitations in the audit procedures described above and the further removed non-compliance with laws and regulations is from the events and transactions reflected in the financial statements, the less likely we would become aware of it. Also, the risk of not detecting a material misstatement due to fraud is higher than the risk of not detecting one resulting from error, as fraud may involve deliberate concealment by, for example, forgery or intentional misrepresentations or through collusion.

A further description of our responsibilities for the audit of the financial statements is located on the Financial Reporting Council's website at www.frc.org.uk/auditorsresponsibilities. This description forms part of our Report of the Auditors.

Report of the Independent Auditors to the Members of
Woodcote Group Ltd


Use of our report
This report is made solely to the company's members, as a body, in accordance with Chapter 3 of Part 16 of the Companies Act 2006. Our audit work has been undertaken so that we might state to the company's members those matters we are required to state to them in a Report of the Auditors and for no other purpose. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than the company and the company's members as a body, for our audit work, for this report, or for the opinions we have formed.




Greig Brown (Senior Statutory Auditor)
for and on behalf of Drummond Laurie CA
Statutory Auditor
Unit 5
Gateway Business Park
Beancross Road
Grangemouth
FK3 8WX

22 July 2025

Woodcote Group Ltd (Registered number: 15647695)

Consolidated Statement of Comprehensive Income
for the Period 15 April 2024 to 31 December 2024

Notes £   

TURNOVER 16,857,710

Cost of sales (10,325,675 )
GROSS PROFIT 6,532,035

Administrative expenses (3,313,511 )
OPERATING PROFIT 4 3,218,524

Negative goodwill amortisation 5 7,710,346
10,928,870


Interest payable and similar expenses 6 (7,958 )
PROFIT BEFORE TAXATION 10,920,912

Tax on profit 7 (813,609 )
PROFIT FOR THE FINANCIAL PERIOD 10,107,303

OTHER COMPREHENSIVE INCOME -
TOTAL COMPREHENSIVE INCOME
FOR THE PERIOD

10,107,303

Profit attributable to:
Owners of the parent 10,107,303

Total comprehensive income attributable to:
Owners of the parent 10,107,303

Woodcote Group Ltd (Registered number: 15647695)

Consolidated Balance Sheet
31 December 2024

Notes £   
FIXED ASSETS
Intangible assets 10 (497,116 )
Tangible assets 11 863,931
Investments 12 -
366,815

CURRENT ASSETS
Stocks 13 7,912,496
Debtors 14 5,908,747
Cash at bank 2,427,489
16,248,732
CREDITORS
Amounts falling due within one year 15 (7,207,912 )
NET CURRENT ASSETS 9,040,820
TOTAL ASSETS LESS CURRENT
LIABILITIES

9,407,635

PROVISIONS FOR LIABILITIES 16 (174,845 )
NET ASSETS 9,232,790

CAPITAL AND RESERVES
Called up share capital 17 300,000
Retained earnings 18 8,932,790
SHAREHOLDERS' FUNDS 9,232,790

The financial statements were approved by the Board of Directors and authorised for issue on 4 July 2025 and were signed on its behalf by:





Mr L Reiner - Director


Woodcote Group Ltd (Registered number: 15647695)

Company Balance Sheet
31 December 2024

Notes £   
FIXED ASSETS
Intangible assets 10 -
Tangible assets 11 -
Investments 12 5,245,800
5,245,800

CREDITORS
Amounts falling due within one year 15 (3,195,800 )
NET CURRENT LIABILITIES (3,195,800 )
TOTAL ASSETS LESS CURRENT
LIABILITIES

2,050,000

CAPITAL AND RESERVES
Called up share capital 17 300,000
Retained earnings 18 1,750,000
SHAREHOLDERS' FUNDS 2,050,000

Company's profit for the financial year 2,783,171

The financial statements were approved by the Board of Directors and authorised for issue on 4 July 2025 and were signed on its behalf by:





Mr L Reiner - Director


Woodcote Group Ltd (Registered number: 15647695)

Consolidated Statement of Changes in Equity
for the Period 15 April 2024 to 31 December 2024

Called up
share Retained Total
capital earnings equity
£    £    £   

Changes in equity
Issue of share capital 300,000 - 300,000
Dividends - (1,174,513 ) (1,174,513 )
Total comprehensive income - 10,107,303 10,107,303
Balance at 31 December 2024 300,000 8,932,790 9,232,790

Woodcote Group Ltd (Registered number: 15647695)

Company Statement of Changes in Equity
for the Period 15 April 2024 to 31 December 2024

Called up
share Retained Total
capital earnings equity
£    £    £   

Changes in equity
Issue of share capital 300,000 - 300,000
Dividends - (1,033,171 ) (1,033,171 )
Total comprehensive income - 2,783,171 2,783,171
Balance at 31 December 2024 300,000 1,750,000 2,050,000

Woodcote Group Ltd (Registered number: 15647695)

Consolidated Cash Flow Statement
for the Period 15 April 2024 to 31 December 2024

Notes £   
Cash flows from operating activities
Cash generated from operations 1 3,567,681
Interest paid (7,958 )
Tax paid (738,852 )
Net cash from operating activities 2,820,871

Cash flows from investing activities
Purchase of tangible fixed assets (27,786 )
Net cash from investing activities (27,786 )

Cash flows from financing activities
Loan repayments in year (694,332 )
Amount introduced by directors 549,083
Cash introduced on acquisition 954,166
Equity dividends paid (1,174,513 )
Net cash from financing activities (365,596 )

Increase in cash and cash equivalents 2,427,489
Cash and cash equivalents at beginning of
period

2

-

Cash and cash equivalents at end of
period

2

2,427,489

Woodcote Group Ltd (Registered number: 15647695)

Notes to the Consolidated Cash Flow Statement
for the Period 15 April 2024 to 31 December 2024

1. RECONCILIATION OF PROFIT BEFORE TAXATION TO CASH GENERATED FROM
OPERATIONS

£   
Profit before taxation 10,920,912
Depreciation charges 204,808
Amortisation charges (7,710,346 )
Finance costs 7,958
3,423,332
Increase in stocks (922,024 )
Decrease in trade and other debtors 388,285
Increase in trade and other creditors 678,088
Cash generated from operations 3,567,681

2. CASH AND CASH EQUIVALENTS

The amounts disclosed on the Cash Flow Statement in respect of cash and cash equivalents are in respect of these Balance Sheet amounts:

Period ended 31 December 2024
31.12.24 15.4.24
£    £   
Cash and cash equivalents 2,427,489 -


3. ANALYSIS OF CHANGES IN NET FUNDS

At 15.4.24 Cash flow At 31.12.24
£    £    £   
Net cash
Cash at bank - 2,427,489 2,427,489
- 2,427,489 2,427,489
Total - 2,427,489 2,427,489

Woodcote Group Ltd (Registered number: 15647695)

Notes to the Consolidated Financial Statements
for the Period 15 April 2024 to 31 December 2024

1. STATUTORY INFORMATION

Woodcote Group Ltd is a private company, limited by shares, domiciled in England, registration number 15647695. The registered office is Unit C Redlands, Coulsdon, Surrey, United Kingdom, CR5 2HT

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" and the Companies Act 2006. The financial statements have been prepared under the historical cost convention.

Basis of consolidation
The consolidated accounts are prepared in accordance with the group’s accounting principles and include the accounts of the parent company and all subsidiaries. Subsidiaries are consolidated from the date the group exercises control or influence over the company. Divested companies are included in the consolidated accounts until the date the group ceases to control or exercise influence over them. In preparing the consolidated financial statements any intra-group transactions have been eliminated. Foreign subsidiaries are translated using the current rate for the assets and liabilities and the average rate for turnover and expenses.

Related party exemption
The company has taken advantage of exemption, under the terms of Financial Reporting Standard 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland', not to disclose related party transactions with wholly owned subsidiaries within the group.

Transactions between group entities which have been eliminated on consolidation are not disclosed within the financial statements.

Turnover
Turnover represents net invoiced sales of components to the building services sector, excluding value added tax. Sales are recognised at the point at which the goods are delivered or the service is complete.

Goodwill
Negative goodwill generated on formation of the group is being been written off over 5 years in line with the value of the non-monetary assets against which it was generated against at the formation date.

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 and depreciation
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Short leasehold - 10% on cost
Computer equipment - 33% on cost, 25% on cost, 20% on cost and 15% on cost
Plant and machinery - 33% on cost, 20% on cost and 15% on cost
Fixtures and fittings - 33% on cost, 25% on cost, 15% on cost and 10% on cost
Motor vehicles - 25% on reducing balance
Office equipment - 33% on reducing balance and 25% on reducing balance

Tangible fixed assets are stated at cost less depreciation. Cost represent purchase price together with any incidental costs of acquisition.

The directors have considered the residual value of all tangible fixed assets to be immaterial and therefore all tangible fixed assets are depreciated to nil value.

Stocks
Stocks are valued at the lower of cost and net realisable value, after making due allowance for obsolete and slow moving items. Cost is represented by purchase price.

Woodcote Group Ltd (Registered number: 15647695)

Notes to the Consolidated Financial Statements - continued
for the Period 15 April 2024 to 31 December 2024

2. ACCOUNTING POLICIES - continued

Taxation
Taxation for the period comprises current and deferred tax. Tax is recognised in the Consolidated Statement of Comprehensive Income, 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 period 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.

Foreign currencies
Assets and liabilities in foreign currencies are translated into sterling at the rates of exchange ruling at the balance sheet date. Transactions in foreign currencies are translated into sterling at the rate of exchange ruling at the date of transaction. Exchange differences are taken into account in arriving at the operating result.

Pension costs and other post-retirement benefits
The group operates a defined contribution pension scheme. Contributions payable to the group's pension scheme are charged to profit or loss in the period to which they relate.

Provisions
Provisions are recognised when the company has a legal or constructive obligation as a result of a past event, it is probable that an outflow of resources will be required to settle the obligation, and the amount has been reliably estimated. Provisions are not recognised for future operating losses. Provisions are discounted where the time value of money is material.

Where there are a number of similar obligations, the likelihood that an outflow will be required in settlement is determined by considering the class of obligations as a whole. A provision is recognised even if the likelihood of an outflow with respect to any one item included in the same class of obligations may be small.

Cash and cash equivalents
Cash and cash equivalents include cash at bank and in hand and highly liquid interest-bearing securities with maturities of three months or less. In the cash-flow statement, cash and cash equivalents are shown net of bank overdrafts, which are included as current borrowings in liabilities on the balance sheet.

3. EMPLOYEES AND DIRECTORS
£   
Wages and salaries 2,012,421
Social security costs 383,855
Other pension costs 54,560
2,450,836

Woodcote Group Ltd (Registered number: 15647695)

Notes to the Consolidated Financial Statements - continued
for the Period 15 April 2024 to 31 December 2024

3. EMPLOYEES AND DIRECTORS - continued

The average number of employees during the period was as follows:

Employees 68

The average number of employees by undertakings that were proportionately consolidated during the period was 68 .

£   
Directors' remuneration 25,140

4. OPERATING PROFIT

The operating profit is stated after charging/(crediting):

£   
Depreciation - owned assets 204,808
Goodwill amortisation (7,710,346 )
Auditors' remuneration 19,000
Operating lease costs - property 412,469

5. EXCEPTIONAL ITEMS

Negative goodwill of £8,207,462 was created on the formation of the group during a restructuring process. This is being written off in line with the consumption of the non-monetary assets which were brought into the group at the formation date. The amortisation charge in the current period was £7,710,346.

6. INTEREST PAYABLE AND SIMILAR EXPENSES
£   
Bank interest 7,958

7. TAXATION

Analysis of the tax charge
The tax charge on the profit for the period was as follows:
£   
Current tax:
UK corporation tax 854,275

Deferred tax (40,666 )
Tax on profit 813,609

Woodcote Group Ltd (Registered number: 15647695)

Notes to the Consolidated Financial Statements - continued
for the Period 15 April 2024 to 31 December 2024

7. TAXATION - continued

Reconciliation of total tax charge included in profit and loss
The tax assessed for the period is lower than the standard rate of corporation tax in the UK. The difference is explained below:

£   
Profit before tax 10,920,912
Profit multiplied by the standard rate of corporation tax in the UK of 25 % 2,730,228

Effects of:
Expenses not deductible for tax purposes 11,509
Depreciation in excess of capital allowances 40,125
Negative goodwill amortisation (1,927,587 )
Deferred tax movement (40,666 )
Total tax charge 813,609

8. INDIVIDUAL STATEMENT OF COMPREHENSIVE INCOME

As permitted by Section 408 of the Companies Act 2006, the Statement of Comprehensive Income of the parent company is not presented as part of these financial statements.


9. DIVIDENDS
£   
Ordinary shares of o1 each
Final 13,629
Ordinary B shares of o1 each
Final 13,628
Ordinary C shares of o1 each
Final 60,000
Ordinary D shares of o1 each
Final 60,000
Ordinary E shares of o1 each
Final 384,676
Ordinary F shares of o1 each
Final 384,676
Ordinary G shares of o1 each
Final 128,952
Ordinary H shares of o1 each
Final 128,952
1,174,513

Woodcote Group Ltd (Registered number: 15647695)

Notes to the Consolidated Financial Statements - continued
for the Period 15 April 2024 to 31 December 2024

10. INTANGIBLE FIXED ASSETS

Group
Goodwill
£   
COST
Additions (8,207,462 )
At 31 December 2024 (8,207,462 )
AMORTISATION
Amortisation for period (7,710,346 )
At 31 December 2024 (7,710,346 )
NET BOOK VALUE
At 31 December 2024 (497,116 )

11. TANGIBLE FIXED ASSETS

Group
Short Computer Plant and
leasehold equipment machinery
£    £    £   
COST
Additions 226,236 136,727 535,703
At 31 December 2024 226,236 136,727 535,703
DEPRECIATION
Charge for period 24,693 72,726 73,064
At 31 December 2024 24,693 72,726 73,064
NET BOOK VALUE
At 31 December 2024 201,543 64,001 462,639

Fixtures
and Motor Office
fittings vehicles equipment Totals
£    £    £    £   
COST
Additions 47,229 67,935 54,909 1,068,739
At 31 December 2024 47,229 67,935 54,909 1,068,739
DEPRECIATION
Charge for period 10,886 12,464 10,975 204,808
At 31 December 2024 10,886 12,464 10,975 204,808
NET BOOK VALUE
At 31 December 2024 36,343 55,471 43,934 863,931

Woodcote Group Ltd (Registered number: 15647695)

Notes to the Consolidated Financial Statements - continued
for the Period 15 April 2024 to 31 December 2024

12. FIXED ASSET INVESTMENTS

Company
Shares in
group
undertakings
£   
COST
Additions 5,245,800
At 31 December 2024 5,245,800
NET BOOK VALUE
At 31 December 2024 5,245,800

The group or the company's investments at the Balance Sheet date in the share capital of companies include the following:

Subsidiary

Brymec Ltd
Registered office: Unit C Redlands, Coulsdon, Surrey, CR5 2HT
Nature of business: Building components wholesale
%
Class of shares: holding
Ordinary 100.00


In May 2024, the entire share capital of Brymec Ltd was acquired.

13. STOCKS


Group
£   
Finished goods 7,912,496

14. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR


Group
£   
Trade debtors 5,491,297
Prepayments and accrued income 417,450
5,908,747

Woodcote Group Ltd (Registered number: 15647695)

Notes to the Consolidated Financial Statements - continued
for the Period 15 April 2024 to 31 December 2024

15. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR


Group Company
£    £   
Trade creditors 2,992,153 -
Amounts owed to group undertakings - 1,149,380
Tax 560,296 -
Social security and other taxes 113,017 -
VAT 533,651 -
Directors' current accounts 2,046,420 2,046,420
Accruals and deferred income 962,375 -
7,207,912 3,195,800

16. PROVISIONS FOR LIABILITIES


Group
£   
Deferred tax 174,845

Group
Deferred
tax
£   
Introduced on group formation 215,511
Provided during the year (40,666 )
Balance at 31 December 2024 174,845

17. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal
value: £   
75,000 Ordinary o1 75,000
75,000 Ordinary B o1 75,000
18,750 Ordinary C o1 18,750
18,750 Ordinary D o1 18,750
40,733 Ordinary E o1 40,733
40,733 Ordinary F o1 40,733
15,517 Ordinary G o1 15,517
15,517 Ordinary H o1 15,517
300,000

Woodcote Group Ltd (Registered number: 15647695)

Notes to the Consolidated Financial Statements - continued
for the Period 15 April 2024 to 31 December 2024

17. CALLED UP SHARE CAPITAL - continued

The following shares were issued during the period for cash at par :

75,000 Ordinary shares of o1
75,000 Ordinary B shares of o1
18,750 Ordinary C shares of o1
18,750 Ordinary D shares of o1
40,733 Ordinary E shares of o1
40,733 Ordinary F shares of o1
15,517 Ordinary G shares of o1
15,517 Ordinary H shares of o1

18. RESERVES

Group
Retained
earnings
£   

Profit for the period 10,107,303
Dividends (1,174,513 )
At 31 December 2024 8,932,790

Company
Retained
earnings
£   

Profit for the period 2,783,171
Dividends (1,033,171 )
At 31 December 2024 1,750,000


19. ULTIMATE CONTROLLING PARTY

The ultimate controlling party is the board of directors.