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REGISTERED NUMBER: 07162805 (England and Wales)





UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31ST JANUARY 2025

FOR

L G WOOD LTD

L G WOOD LTD (REGISTERED NUMBER: 07162805)

CONTENTS OF THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31ST JANUARY 2025










Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


L G WOOD LTD

COMPANY INFORMATION
FOR THE YEAR ENDED 31ST JANUARY 2025







DIRECTOR: L G Wood





SECRETARY: Mrs J E Wood





REGISTERED OFFICE: Old Halls Barn
Brows Farm Business Park
Farnham Road
Liss
Hampshire
GU33 6JG





REGISTERED NUMBER: 07162805 (England and Wales)





ACCOUNTANTS: Martin and Company
25 St Thomas Street
Winchester
Hampshire
SO23 9HJ

L G WOOD LTD (REGISTERED NUMBER: 07162805)

BALANCE SHEET
31ST JANUARY 2025

2025 2024
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 235,168 317,055

CURRENT ASSETS
Debtors 5 1,008,708 1,644,845
Cash at bank and in hand 42,992 212,515
1,051,700 1,857,360
CREDITORS
Amounts falling due within one year 6 783,548 1,691,345
NET CURRENT ASSETS 268,152 166,015
TOTAL ASSETS LESS CURRENT
LIABILITIES

503,320

483,070

CREDITORS
Amounts falling due after more than one
year

7

(63,164

)

(192,009

)

PROVISIONS FOR LIABILITIES (31,502 ) (48,481 )
NET ASSETS 408,654 242,580

CAPITAL AND RESERVES
Called up share capital 100 100
Retained earnings 408,554 242,480
408,654 242,580

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31st January 2025.

The members have not required the company to obtain an audit of its financial statements for the year ended 31st January 2025 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.

L G WOOD LTD (REGISTERED NUMBER: 07162805)

BALANCE SHEET - continued
31ST JANUARY 2025


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 Statement of Income and Retained Earnings has not been delivered.

The financial statements were approved by the director and authorised for issue on 6th August 2025 and were signed by:





L G Wood - Director


L G WOOD LTD (REGISTERED NUMBER: 07162805)

NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31ST JANUARY 2025


1. STATUTORY INFORMATION

L G Wood 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.

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.
Plant and machinery - 33% on reducing balance and 25% on reducing balance
Fixtures and fittings - 25% on reducing balance
Motor vehicles - 25% on reducing balance
Office Equipment - 33% on reducing balance

Taxation
Taxation for the year comprises current and deferred tax. Tax is recognised in the Statement of Income and Retained Earnings, 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
Rentals paid under operating leases are charged to profit or loss on a straight line basis over the period of the lease.

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.

L G WOOD LTD (REGISTERED NUMBER: 07162805)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31ST JANUARY 2025


3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 7 (2024 - 7 ) .

4. TANGIBLE FIXED ASSETS
Fixtures
Plant and and Motor Office
machinery fittings vehicles Equipment Totals
£    £    £    £    £   
COST
At 1st February 2024 121,152 2,569 308,484 63,432 495,637
Additions 2,600 - - 5,133 7,733
Disposals (29,253 ) - (3,500 ) (29,438 ) (62,191 )
At 31st January 2025 94,499 2,569 304,984 39,127 441,179
DEPRECIATION
At 1st February 2024 67,257 954 61,546 48,825 178,582
Charge for year 11,807 404 61,579 5,680 79,470
Eliminated on disposal (20,584 ) - (2,877 ) (28,580 ) (52,041 )
At 31st January 2025 58,480 1,358 120,248 25,925 206,011
NET BOOK VALUE
At 31st January 2025 36,019 1,211 184,736 13,202 235,168
At 31st January 2024 53,895 1,615 246,938 14,607 317,055

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2025 2024
£    £   
Trade debtors 564,872 1,063,266
Amounts owed by group undertakings 128,123 -
Other debtors 11,116 -
CIS tax suffered 287,518 497,971
VAT 15,912 81,775
Prepayments and accrued income 1,167 1,833
1,008,708 1,644,845

L G WOOD LTD (REGISTERED NUMBER: 07162805)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31ST JANUARY 2025


6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2025 2024
£    £   
Bank loans and overdrafts 45,000 45,000
Hire purchase contracts 83,845 33,258
Trade creditors 154,374 321,684
Amounts owed to group undertakings - 1,017
Tax 192,187 111,436
Social security and other taxes 138,495 160,137
Other creditors (257 ) 770
CIS tax deducted 141,907 150,877
Directors' current accounts 36 280
Accruals and deferred income 27,961 866,886
783,548 1,691,345

7. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
2025 2024
£    £   
Bank loans - 1-2 years 18,750 45,000
Bank loans - 2-5 years - 18,750
Hire purchase contracts 44,414 128,259
63,164 192,009

8. SECURED DEBTS

The following secured debts are included within creditors:

2025 2024
£    £   
Bank loans 63,750 108,750
Hire purchase contracts 128,259 161,517
192,009 270,267

The hire purchase liabilities are secured against the assets to which they relate to.

The bank have a fixed and floating charge over all assets of the company dated 28 September 2020.

9. OTHER FINANCIAL COMMITMENTS

Future commitments for operating leases ending with one year total £80,396 (2024: £4,681) and for those ending in more than one year £24,941 (2024: £101,983).

L G WOOD LTD (REGISTERED NUMBER: 07162805)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31ST JANUARY 2025


10. DIRECTOR'S ADVANCES, CREDITS AND GUARANTEES

The following advances and credits to a director subsisted during the years ended 31st January 2025 and 31st January 2024:

2025 2024
£    £   
L G Wood
Balance outstanding at start of year (280 ) 214,297
Amounts advanced 2,245 29,423
Amounts repaid (2,000 ) (244,000 )
Amounts written off - -
Amounts waived - -
Balance outstanding at end of year (35 ) (280 )

Interest has been charged at HM Revenue and Customs stated rate on advances to the director.

11. ULTIMATE CONTROLLING PARTY

The controlling party is MEC Holdings Limited.

MEC Holdings Limited has no ultimate controlling party. A number of shareholders can combine to hold a controlling interest.