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Registration number: 12219965

J H Woodall Builders Limited

REPORT OF THE DIRECTORS and Unaudited Financial Statements

for the Year Ended 30 November 2024

 

J H Woodall Builders Limited

Contents

Company Information

1

Balance Sheet

2 to 3

Notes to the Unaudited Financial Statements

4 to 11

 

J H Woodall Builders Limited

Company Information

Director

Mr J H Woodall

Registered office

4 Heol Bryngwili
Crosshands
Llanelli
Carmarthenshire
SA14 6LR
 

Accountants

Wynne & Co
Chartered Accountants
Forestry House
Brewery Road
Carmarthen
Carmarthenshire
SA31 1TF

 

J H Woodall Builders Limited

(Registration number: 12219965)
Balance Sheet as at 30 November 2024

Note

30 November
2024
£

30 November
2023
£

Fixed assets

 

Tangible assets

4

34,774

381

Current assets

 

Stocks

5

233,062

28,200

Debtors

6

8,828

31,444

Cash at bank and in hand

 

54,779

3,031

 

296,669

62,675

Creditors: Amounts falling due within one year

7

(230,807)

(55,622)

Net current assets

 

65,862

7,053

Total assets less current liabilities

 

100,636

7,434

Creditors: Amounts falling due after more than one year

7

(98,890)

(6,320)

Net assets

 

1,746

1,114

Capital and reserves

 

Called up share capital

8

103

103

Retained earnings

1,643

1,011

Shareholders' funds

 

1,746

1,114

For the financial year ending 30 November 2024 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

Director's 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 director acknowledges his 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 director has not delivered to the registrar a copy of the Profit and Loss Account.

 

J H Woodall Builders Limited

(Registration number: 12219965)
Balance Sheet as at 30 November 2024

Approved and authorised by the director on 25 June 2025
 

.........................................
Mr J H Woodall
Director

 

J H Woodall Builders Limited

Notes to the Unaudited Financial Statements
for the Year Ended 30 November 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:
4 Heol Bryngwili
Crosshands
Llanelli
Carmarthenshire
SA14 6LR

These financial statements were authorised for issue by the director on 25 June 2025.

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.

Going concern

The financial statements have been prepared on a going concern basis.

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.

 

J H Woodall Builders Limited

Notes to the Unaudited Financial Statements
for the Year Ended 30 November 2024

Tax

The tax expense for the period comprises current 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.

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

33% Straight Line

Plant and Machinery

15% Reducing Balance

Motor Vehicles

20% Straight Line

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 initially at the transaction price. They are subsequently measured at amortised cost using the effective interest method, 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.

 

J H Woodall Builders Limited

Notes to the Unaudited Financial Statements
for the Year Ended 30 November 2024

Stocks

Stocks are stated at the lower of cost and estimated selling price less costs to complete and sell. Cost is determined using the first-in, first-out (FIFO) method.

The cost of finished goods and work in progress comprises direct materials and, where applicable, direct labour costs and those overheads that have been incurred in bringing the inventories to their present location and condition. At each reporting date, stocks are assessed for impairment. If stocks are impaired, the carrying amount is reduced to its selling price less costs to complete and sell; the impairment loss is recognised immediately in profit or loss.

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 initially at the transaction price and subsequently measured at amortised cost using the effective interest method.

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.

Leases

Leases in which substantially all the risks and rewards of ownership are retained by the lessor are classified as operating leases. Payments made under operating leases are charged to profit or loss on a straight-line basis over the period of the lease.

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.

 

J H Woodall Builders Limited

Notes to the Unaudited Financial Statements
for the Year Ended 30 November 2024

Defined contribution pension obligation

A defined contribution plan is a pension plan under which fixed contributions are paid into a pension fund and the company has no legal or constructive obligation to pay further contributions even if the fund does not hold sufficient assets to pay all employees the benefits relating to employee service in the current and prior periods.

Contributions to defined contribution plans are recognised as employee benefit expense when they are due. If contribution payments exceed the contribution due for service, the excess is recognised as a prepayment.

3

Staff numbers

The average number of persons employed by the company (including the director) during the year, was 5 (2023 - 1).

4

Tangible assets

Furniture, fittings and equipment
 £

Motor vehicles
 £

Other tangible assets
£

Total
£

Cost or valuation

At 1 December 2023

770

-

417

1,187

Additions

-

31,495

5,950

37,445

At 30 November 2024

770

31,495

6,367

38,632

Depreciation

At 1 December 2023

770

-

36

806

Charge for the year

-

2,400

652

3,052

At 30 November 2024

770

2,400

688

3,858

Carrying amount

At 30 November 2024

-

29,095

5,679

34,774

At 30 November 2023

-

-

381

381

5

Stocks

30 November
2024
£

30 November
2023
£

Work in progress

233,062

28,200

 

J H Woodall Builders Limited

Notes to the Unaudited Financial Statements
for the Year Ended 30 November 2024

6

Debtors

Current

30 November
2024
£

30 November
2023
£

Trade debtors

1,230

29,646

Prepayments

505

-

Other debtors

7,093

1,798

 

8,828

31,444

 

J H Woodall Builders Limited

Notes to the Unaudited Financial Statements
for the Year Ended 30 November 2024

7

Creditors

Creditors: amounts falling due within one year

Note

30 November
2024
£

30 November
2023
£

Due within one year

 

Bank loans and overdrafts

9

4,347

4,347

Trade creditors

 

43,817

11,123

Taxation and social security

 

217

20,093

Accruals and deferred income

 

15,406

1,386

Other creditors

 

167,020

18,673

 

230,807

55,622

Creditors: amounts falling due after more than one year

Note

30 November
2024
£

30 November
2023
£

Due after one year

 

Loans and borrowings

9

98,890

6,320

8

Share capital

Allotted, called up and fully paid shares

30 November
2024

30 November
2023

No.

£

No.

£

Ordinary Share Capital of £1 each

100

100

100

100

Ordinary Share Capital A of £1 each

3

3

3

3

103

103

103

103

9

Loans and borrowings

Non-current loans and borrowings

 

J H Woodall Builders Limited

Notes to the Unaudited Financial Statements
for the Year Ended 30 November 2024

30 November
2024
£

30 November
2023
£

Bank borrowings

98,890

6,320

Current loans and borrowings

30 November
2024
£

30 November
2023
£

Bank borrowings

4,347

4,347

 

J H Woodall Builders Limited

Notes to the Unaudited Financial Statements
for the Year Ended 30 November 2024

10

Dividends

Interim dividends paid

30 November
2024
£

30 November
2023
£

Interim dividend of £Nil per each Ordinary Share Capital

-

-

 

 

11

Related party transactions

Director's remuneration

The director's remuneration for the year was as follows:

2024
£

2023
£

Remuneration

10,000

-