IRIS Accounts Production v25.1.3.33 09731971 Board of Directors 1.1.24 31.12.24 31.12.24 false true false false true false Ordinary 50p 0.50000 Ordinary B 1.00000 iso4217:GBPiso4217:USDiso4217:EURxbrli:sharesxbrli:pureutr:tonnesutr:kWh097319712023-12-31097319712024-12-31097319712024-01-012024-12-31097319712022-12-31097319712023-01-012023-12-31097319712023-12-3109731971ns15:EnglandWales2024-01-012024-12-3109731971ns14:PoundSterling2024-01-012024-12-3109731971ns10:Director12024-01-012024-12-3109731971ns10:PrivateLimitedCompanyLtd2024-01-012024-12-3109731971ns10:SmallEntities2024-01-012024-12-3109731971ns10:AuditExempt-NoAccountantsReport2024-01-012024-12-3109731971ns10:SmallCompaniesRegimeForDirectorsReport2024-01-012024-12-3109731971ns10:SmallCompaniesRegimeForAccounts2024-01-012024-12-3109731971ns10:FullAccounts2024-01-012024-12-3109731971ns10:OrdinaryShareClass22024-01-012024-12-3109731971ns10:OrdinaryShareClass32024-01-012024-12-3109731971ns10:Director22024-01-012024-12-3109731971ns10:Director32024-01-012024-12-3109731971ns10:CompanySecretary12024-01-012024-12-3109731971ns10:RegisteredOffice2024-01-012024-12-3109731971ns5:CurrentFinancialInstruments2024-12-3109731971ns5:CurrentFinancialInstruments2023-12-3109731971ns5:Non-currentFinancialInstruments2024-12-3109731971ns5:Non-currentFinancialInstruments2023-12-3109731971ns5:ShareCapital2024-12-3109731971ns5:ShareCapital2023-12-3109731971ns5:RevaluationReserve2024-12-3109731971ns5:RevaluationReserve2023-12-3109731971ns5:RetainedEarningsAccumulatedLosses2024-12-3109731971ns5:RetainedEarningsAccumulatedLosses2023-12-3109731971ns5:LandBuildingsns5:OwnedOrFreeholdAssets2024-01-012024-12-3109731971ns5:PlantMachinery2024-01-012024-12-3109731971ns5:FurnitureFittings2024-01-012024-12-3109731971ns5:MotorVehicles2024-01-012024-12-3109731971ns5:ComputerEquipment2024-01-012024-12-3109731971ns5:LandBuildings2023-12-3109731971ns5:PlantMachinery2023-12-3109731971ns5:FurnitureFittings2023-12-3109731971ns5:LandBuildings2024-01-012024-12-3109731971ns5:LandBuildings2024-12-3109731971ns5:PlantMachinery2024-12-3109731971ns5:FurnitureFittings2024-12-3109731971ns5:LandBuildings2023-12-3109731971ns5:PlantMachinery2023-12-3109731971ns5:FurnitureFittings2023-12-3109731971ns5:MotorVehicles2023-12-3109731971ns5:ComputerEquipment2023-12-3109731971ns5:MotorVehicles2024-12-3109731971ns5:ComputerEquipment2024-12-3109731971ns5:MotorVehicles2023-12-3109731971ns5:ComputerEquipment2023-12-3109731971ns5:PlantMachineryns5:LeasedAssetsHeldAsLessee2023-12-3109731971ns5:PlantMachineryns5:LeasedAssetsHeldAsLessee2024-01-012024-12-3109731971ns5:PlantMachineryns5:LeasedAssetsHeldAsLessee2024-12-3109731971ns5:PlantMachineryns5:LeasedAssetsHeldAsLessee2023-12-3109731971ns5:WithinOneYearns5:CurrentFinancialInstruments2024-12-3109731971ns5:WithinOneYearns5:CurrentFinancialInstruments2023-12-3109731971ns5:Non-currentFinancialInstrumentsns5:BetweenTwoFiveYears2024-12-3109731971ns5:Non-currentFinancialInstrumentsns5:BetweenTwoFiveYears2023-12-3109731971ns5:Secured2024-12-3109731971ns5:Secured2023-12-3109731971ns5:AcceleratedTaxDepreciationDeferredTax2024-12-3109731971ns5:AcceleratedTaxDepreciationDeferredTax2023-12-3109731971ns5:DeferredTaxation2023-12-3109731971ns5:DeferredTaxation2024-01-012024-12-3109731971ns5:DeferredTaxation2024-12-3109731971ns10:OrdinaryShareClass22024-12-3109731971ns10:OrdinaryShareClass32024-12-3109731971ns5:RevaluationReserve2023-12-31
REGISTERED NUMBER: 09731971 (England and Wales)















UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 DECEMBER 2024

FOR

W N W IZOD LTD

W N W IZOD LTD (REGISTERED NUMBER: 09731971)






CONTENTS OF THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2024




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


W N W IZOD LTD

COMPANY INFORMATION
FOR THE YEAR ENDED 31 DECEMBER 2024







DIRECTORS: Mr W N W Izod
Mr M W Izod
Mrs L C Izod





SECRETARY: Mrs L C Izod





REGISTERED OFFICE: Priory Farm
Lyneham
CHIPPING NORTON
Oxfordshire
OX7 6QN





REGISTERED NUMBER: 09731971 (England and Wales)





ACCOUNTANTS: Bronsens
Chartered Certified Accountants
Hillside
Albion Street
Chipping Norton
Oxfordshire
OX7 5BH

W N W IZOD LTD (REGISTERED NUMBER: 09731971)

BALANCE SHEET
31 DECEMBER 2024

31.12.24 31.12.23
Notes £    £    £   
FIXED ASSETS
Tangible assets 4 5,268,669 5,276,965

CURRENT ASSETS
Stocks 123,980 101,347
Debtors 5 15,829 34,203
Cash at bank 26,370 23,154
166,179 158,704
CREDITORS
Amounts falling due within one year 6 258,633 222,725
NET CURRENT LIABILITIES (92,454 ) (64,021 )
TOTAL ASSETS LESS CURRENT
LIABILITIES

5,176,215

5,212,944

CREDITORS
Amounts falling due after more than one
year

7

(90,426

)

(109,499

)

PROVISIONS FOR LIABILITIES 10 (848,977 ) (850,553 )
NET ASSETS 4,236,812 4,252,892

CAPITAL AND RESERVES
Called up share capital 11 3,752 3,752
Revaluation reserve 12 3,886,660 3,886,660
Retained earnings 346,400 362,480
SHAREHOLDERS' FUNDS 4,236,812 4,252,892

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

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

The directors acknowledge their 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.

W N W IZOD LTD (REGISTERED NUMBER: 09731971)

BALANCE SHEET - continued
31 DECEMBER 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 Board of Directors and authorised for issue on 31 July 2025 and were signed on its behalf by:





Mr W N W Izod - Director


W N W IZOD LTD (REGISTERED NUMBER: 09731971)

NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2024

1. STATUTORY INFORMATION

W N W Izod Ltd 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 measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life or, if held under a finance lease, over the lease term, whichever is the shorter.
Freehold property - not provided - see below
Plant and machinery - 15% on reducing balance
Tractors - 20% on reducing balance
Motor vehicles - 20% on reducing balance
Computer equipment - 25% on cost

Freehold property is depreciated over its estimated useful life of 50 years, however in the opinion of the directors the residual value of the freehold property after 50 years is not materially different to the current value, and therefore no depreciation has been provided.

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

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.

W N W IZOD LTD (REGISTERED NUMBER: 09731971)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 DECEMBER 2024

2. ACCOUNTING POLICIES - continued

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.

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.

Current asset investments
Current asset investments are shown at current market value.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 3 (2023 - 3 ) .

4. TANGIBLE FIXED ASSETS
Freehold Plant and
property machinery Tractors
£    £    £   
COST
At 1 January 2024 5,125,500 371,967 67,923
Additions - 17,785 -
At 31 December 2024 5,125,500 389,752 67,923
DEPRECIATION
At 1 January 2024 - 233,238 55,863
Charge for year - 23,478 2,352
At 31 December 2024 - 256,716 58,215
NET BOOK VALUE
At 31 December 2024 5,125,500 133,036 9,708
At 31 December 2023 5,125,500 138,729 12,060

W N W IZOD LTD (REGISTERED NUMBER: 09731971)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 DECEMBER 2024

4. TANGIBLE FIXED ASSETS - continued

Motor Computer
vehicles equipment Totals
£    £    £   
COST
At 1 January 2024 3,175 1,482 5,570,047
Additions - - 17,785
At 31 December 2024 3,175 1,482 5,587,832
DEPRECIATION
At 1 January 2024 2,610 1,371 293,082
Charge for year 141 110 26,081
At 31 December 2024 2,751 1,481 319,163
NET BOOK VALUE
At 31 December 2024 424 1 5,268,669
At 31 December 2023 565 111 5,276,965

Fixed assets, included in the above, which are held under hire purchase contracts are as follows:
Plant and
machinery
£   
COST
At 1 January 2024 35,670
Additions 9,885
Transfer to ownership (35,670 )
At 31 December 2024 9,885
DEPRECIATION
At 1 January 2024 17,051
Charge for year 1,483
Transfer to ownership (17,051 )
At 31 December 2024 1,483
NET BOOK VALUE
At 31 December 2024 8,402
At 31 December 2023 18,619

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.12.24 31.12.23
£    £   
Trade debtors 1,661 16,852
VAT 4,625 7,837
Prepayments 9,543 9,514
15,829 34,203

W N W IZOD LTD (REGISTERED NUMBER: 09731971)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 DECEMBER 2024

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.12.24 31.12.23
£    £   
Bank loans and overdrafts (see note 8) 220,799 178,317
Hire purchase contracts 3,725 3,385
Trade creditors 8,969 7,131
Tax 8,226 3,403
Social security and other taxes 216 159
Other creditors - 14,973
Directors' current accounts 12,498 12,212
Accrued expenses 4,200 3,145
258,633 222,725

7. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
31.12.24 31.12.23
£    £   
Bank loans (see note 8) 84,266 109,499
Hire purchase contracts 6,160 -
90,426 109,499

Amounts falling due in more than five years:

Repayable by instalments
Bank loans more 5 yr by instal 1,790 6,860

8. LOANS

An analysis of the maturity of loans is given below:

31.12.24 31.12.23
£    £   
Amounts falling due within one year or on demand:
Bank overdrafts 185,568 142,929
Bank loans 35,231 35,388
220,799 178,317

Amounts falling due between two and five years:
Bank loans - 2-5 years 82,476 102,639

Amounts falling due in more than five years:

Repayable by instalments
Bank loans more 5 yr by instal 1,790 6,860

W N W IZOD LTD (REGISTERED NUMBER: 09731971)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 DECEMBER 2024

9. SECURED DEBTS

The following secured debts are included within creditors:

31.12.24 31.12.23
£    £   
Bank overdrafts 185,568 142,929
Bank loans 119,497 144,887
305,065 287,816

The bank overdraft and loans are secured by way of a fixed charge over freehold land at Priory Farm, Lyneham, Chipping Norton, in favour of Lloyds Bank plc, dated 15 January 2016 plus a fixed and floating charge over the assets of the company also in favour of Lloyds Bank plc, dated 15 February 2016.

10. PROVISIONS FOR LIABILITIES
31.12.24 31.12.23
£    £   
Deferred tax
Accelerated capital allowances 27,202 28,778
Other timing differences 821,775 821,775
848,977 850,553

Deferred
tax
£   
Balance at 1 January 2024 850,553
Provided during year (1,576 )
Freehold property
Balance at 31 December 2024 848,977

11. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 31.12.24 31.12.23
value: £    £   
7,500 Ordinary 50p 50p 3,750 3,750
2 Ordinary B £1 2 2
3,752 3,752

12. RESERVES
Revaluation
reserve
£   
At 1 January 2024
and 31 December 2024 3,886,660

13. ULTIMATE CONTROLLING PARTY

The controlling party is Mr W N W Izod.