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Registration number: 11646668

Woodlands Carpentry (South East) Ltd

Annual Report and Unaudited Filleted Financial Statements

for the Year Ended 31 October 2024

 

Woodlands Carpentry (South East) Ltd

Contents

Company Information

1

Balance Sheet

2 to 3

Notes to the Unaudited Financial Statements

4 to 9

 

Woodlands Carpentry (South East) Ltd

Company Information

Directors

Mrs S Pearton

Mr A J Pearton

Registered office

39 High Street
Battle
East Sussex
TN33 0EE

Accountants

Manningtons
39 High Street
Battle
East Sussex
TN33 0EE

 

Woodlands Carpentry (South East) Ltd

(Registration number: 11646668)
Balance Sheet as at 31 October 2024

Note

2024
£

2023
£

Fixed assets

 

Tangible assets

4

2,662

3,041

Current assets

 

Debtors

5

28,534

35,713

Cash at bank and in hand

 

1,624

2,115

 

30,158

37,828

Creditors: Amounts falling due within one year

6

(29,915)

(31,593)

Net current assets

 

243

6,235

Total assets less current liabilities

 

2,905

9,276

Creditors: Amounts falling due after more than one year

6

(2,383)

(7,326)

Provisions for liabilities

(516)

(578)

Net assets

 

6

1,372

Capital and reserves

 

Called up share capital

2

2

Retained earnings

4

1,370

Shareholders' funds

 

6

1,372

For the financial 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 accounts for the year in question in accordance with section 476; and

The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.

These financial statements have been prepared in accordance with the special provisions relating to companies subject to the small companies regime within Part 15 of the Companies Act 2006.

These financial statements have been delivered in accordance with the provisions applicable to companies subject to the small companies regime. As permitted by section 444 (5A) of the Companies Act 2006, the directors have not delivered to the registrar a copy of the Profit and Loss Account.

Approved and authorised by the Board on 25 July 2025 and signed on its behalf by:
 

 

Woodlands Carpentry (South East) Ltd

(Registration number: 11646668)
Balance Sheet as at 31 October 2024

.........................................
Mrs S Pearton
Director

 

Woodlands Carpentry (South East) Ltd

Notes to the Unaudited Financial Statements for the Year Ended 31 October 2024

1

General information

The company is a private company limited by share capital, incorporated in England and Wales.

The address of its registered office is:
39 High Street
Battle
East Sussex
TN33 0EE
United Kingdom

2

Accounting policies

Summary of significant accounting policies and key accounting estimates

The principal accounting policies applied in the preparation of these financial statements are set out below. These policies have been consistently applied to all the years presented, unless otherwise stated.

Statement of compliance

These financial statements have been prepared in accordance with Financial Reporting Standard 102 Section 1A smaller entities - 'The Financial Reporting Standard applicable in the United Kingdom and Republic of Ireland' and the Companies Act 2006 (as applicable to companies subject to the small companies' regime).

Basis of preparation

These financial statements have been prepared using the historical cost convention except that as disclosed in the accounting policies certain items are shown at fair value.

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

Revenue recognition

Turnover comprises the fair value of the consideration received or receivable for the sale of goods and provision of services in the ordinary course of the company’s activities. Turnover is shown net of sales/value added tax, returns, rebates and discounts.

The company recognises revenue when:
The amount of revenue can be reliably measured;
it is probable that future economic benefits will flow to the entity;
and specific criteria have been met for each of the company's activities.

Tax

The tax expense for the period comprises current and deferred tax. Tax is recognised in profit or loss, except that a change attributable to an item of income or expense recognised as other comprehensive income is also recognised directly in other comprehensive income.

The current income tax charge is calculated on the basis of tax rates and laws that have been enacted or substantively enacted by the reporting date in the countries where the company operates and generates taxable income.

 

Woodlands Carpentry (South East) Ltd

Notes to the Unaudited Financial Statements for the Year Ended 31 October 2024

Deferred tax is recognised in respect of all timing differences between taxable profits and profits reported in the financial statements.

Unrelieved tax losses and other deferred tax assets are recognised when 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.

Tangible assets

Tangible assets are stated in the balance sheet at cost, less any subsequent accumulated depreciation and subsequent accumulated impairment losses.

The cost of tangible assets includes directly attributable incremental costs incurred in their acquisition and installation.

Depreciation

Depreciation is charged so as to write off the cost of assets, other than land and properties under construction over their estimated useful lives, as follows:

Asset class

Depreciation method and rate

Office equipment

25% Reducing Balance

Plant and machinery

20% Reducing Balance

Cash and cash equivalents

Cash and cash equivalents comprise cash on hand and call deposits, and other short-term highly liquid investments that are readily convertible to a known amount of cash and are subject to an insignificant risk of change in value.

Trade debtors

Trade debtors are amounts due from customers for merchandise sold or services performed in the ordinary course of business.

Trade debtors are recognised at the transaction price, less provision for impairment. A provision for the impairment of trade debtors is established when there is objective evidence that the company will not be able to collect all amounts due according to the original terms of the receivables.

Trade creditors

Trade creditors are obligations to pay for goods or services that have been acquired in the ordinary course of business from suppliers. Accounts payable are classified as current liabilities if the company does not have an unconditional right, at the end of the reporting period, to defer settlement of the creditor for at least twelve months after the reporting date. If there is an unconditional right to defer settlement for at least twelve months after the reporting date, they are presented as non-current liabilities.

Trade creditors are recognised at the transaction price.

 

Woodlands Carpentry (South East) Ltd

Notes to the Unaudited Financial Statements for the Year Ended 31 October 2024

Borrowings

Interest-bearing borrowings are initially recorded at fair value, net of transaction costs. Interest-bearing borrowings are subsequently carried at amortised cost, with the difference between the proceeds, net of transaction costs, and the amount due on redemption being recognised as a charge to the profit and loss account over the period of the relevant borrowing.

Interest expense is recognised on the basis of the effective interest method and is included in interest payable and similar charges.

Borrowings are classified as current liabilities unless the company has an unconditional right to defer settlement of the liability for at least twelve months after the reporting date.

Share capital

Ordinary shares are classified as equity. Equity instruments are measured at the fair value of the cash or other resources received or receivable, net of the direct costs of issuing the equity instruments. If payment is deferred and the time value of money is material, the initial measurement is on a present value basis.

Dividends

Dividend distribution to the company’s shareholders is recognised as a liability in the financial statements in the reporting period in which the dividends are declared.

3

Staff numbers

The average number of persons employed by the company (including directors) during the year, was 2 (2023 - 2).

 

Woodlands Carpentry (South East) Ltd

Notes to the Unaudited Financial Statements for the Year Ended 31 October 2024

4

Tangible assets

Office equipment
 £

Other tangible assets
£

Total
£

Cost or valuation

At 1 November 2023

5,009

800

5,809

Additions

133

912

1,045

Disposals

-

(800)

(800)

At 31 October 2024

5,142

912

6,054

Depreciation

At 1 November 2023

2,768

-

2,768

Charge for the year

566

58

624

At 31 October 2024

3,334

58

3,392

Carrying amount

At 31 October 2024

1,808

854

2,662

At 31 October 2023

2,241

800

3,041

5

Debtors

2024
£

2023
£

Trade debtors

3,400

5,633

Taxation and social security

2,226

10,081

Director loan account

22,908

19,999

28,534

35,713

 

Woodlands Carpentry (South East) Ltd

Notes to the Unaudited Financial Statements for the Year Ended 31 October 2024

6

Creditors

Creditors: amounts falling due within one year

Note

2024
£

2023
£

Due within one year

 

Loans and borrowings

7

4,943

4,943

Trade creditors

 

3,868

3,970

Other payables

 

9,114

9,306

Accruals

 

-

2,100

Income tax liability

11,990

11,274

 

29,915

31,593

Due after one year

 

Loans and borrowings

7

2,383

7,326

7

Loans and borrowings

Non-current loans and borrowings

2024
£

2023
£

Bank borrowings

2,383

7,326

Current loans and borrowings

2024
£

2023
£

Bank borrowings

4,943

4,943

 

Woodlands Carpentry (South East) Ltd

Notes to the Unaudited Financial Statements for the Year Ended 31 October 2024

8

Related party transactions

The directors loan accounts were repaid within 9 months after the year end.

Transactions with directors

2024

At 1 November 2023
£

Advances to director
£

Repayments by director
£

At 31 October 2024
£

Mrs S Pearton

loan

(9,999)

(16,145)

14,690

(11,454)

Mr A J Pearton

loan

(9,999)

(16,145)

14,690

(11,454)

2023

At 1 November 2022
£

Advances to director
£

Repayments by director
£

At 31 October 2023
£

Mrs S Pearton

loan

(9,003)

(26,632)

25,636

(9,999)

Mr A J Pearton

loan

(9,003)

(26,633)

25,637

(9,999)