Company registration number 15338666 (England and Wales)
4 WOOD THINKING LTD
UNAUDITED FINANCIAL STATEMENTS
FOR THE PERIOD ENDED 31 DECEMBER 2024
PAGES FOR FILING WITH REGISTRAR
4 WOOD THINKING LTD
CONTENTS
Page
Balance sheet
1
Notes to the financial statements
2 - 4
4 WOOD THINKING LTD (REGISTERED NUMBER: 15338666)
BALANCE SHEET
AS AT
31 DECEMBER 2024
31 December 2024
- 1 -
2024
Notes
£
£
Fixed assets
Tangible assets
3
59,508
Current assets
Debtors
4
14,497
Cash at bank and in hand
266,164
280,661
Creditors: amounts falling due within one year
5
(288,499)
Net current liabilities
(7,838)
Net assets
51,670
Capital and reserves
Called up share capital
1
Profit and loss reserves
51,669
Total equity
51,670
The director of the company has elected not to include a copy of the profit and loss account within the financial statements.true
For the financial period ended 31 December 2024 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.
The director acknowledges his responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of financial statements.
The members have not required the company to obtain an audit of its financial statements for the period in question in accordance with section 476.
These financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime.
The financial statements were approved and signed by the director and authorised for issue on 8 August 2025
Mr A M Wheatley
Director
4 WOOD THINKING LTD
NOTES TO THE FINANCIAL STATEMENTS
FOR THE PERIOD ENDED 31 DECEMBER 2024
- 2 -
1
Accounting policies
Company information
4 Wood Thinking Ltd is a private company limited by shares incorporated in England and Wales. The registered office is 10 Upper Grosvenor Road, Tunbridge Wells, England, TN1 2EP.
1.1
Reporting period
The company was incorporated on 9 December 2023 and commenced trading in January 2024. The director has chosen to present financial statements which cover the period from incorporation to 31 December 2024.
1.2
Accounting convention
These financial statements have been prepared in accordance with FRS 102 “The Financial Reporting Standard applicable in the UK and Republic of Ireland” (“FRS 102”) and the requirements of the Companies Act 2006 as applicable to companies subject to the small companies regime. The disclosure requirements of section 1A of FRS 102 have been applied other than where additional disclosure is required to show a true and fair view.
The financial statements are prepared in sterling, which is the functional currency of the company. Monetary amounts in these financial statements are rounded to the nearest £1.
The financial statements have been prepared under the historical cost convention. The principal accounting policies adopted are set out below.
1.3
Going concern
Atruet the time of approving the financial statements, the director has a reasonable expectation that the company has adequate resources to continue in operational existence for the foreseeable future. Thus the director continues to adopt the going concern basis of accounting in preparing the financial statements.
1.4
Turnover
Turnover is recognised at the fair value of the consideration received or receivable for specialist design services provided in the normal course of business, and is shown net of VAT. Turnover is recognised when the service has been provided to the customer.
1.5
Tangible fixed assets
Tangible fixed assets are initially measured at cost and subsequently measured at cost or valuation, net of depreciation and any impairment losses.
Depreciation is recognised so as to write off the cost or valuation of assets less their residual values over their useful lives on the following bases:
Leasehold improvements
Over the lease term
Plant and equipment
25% reduced balance
Fixtures and fittings
25% reduced balance
Computers
33% straight line
Motor vehicles
25% reduced balance
1.6
Taxation
The tax expense represents the sum of the tax currently payable and deferred tax.
4 WOOD THINKING LTD
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE PERIOD ENDED 31 DECEMBER 2024
1
Accounting policies
(Continued)
- 3 -
1.7
Retirement benefits
Payments to defined contribution retirement benefit schemes are charged as an expense as they fall due.
1.8
Leases
Rentals payable under operating leases, including any lease incentives received, are charged to profit or loss on a straight line basis over the term of the relevant lease except where another more systematic basis is more representative of the time pattern in which economic benefits from the leases asset are consumed.
2
Employees
The average monthly number of persons (including directors) employed by the company during the period was:
2024
Number
Total
1
3
Tangible fixed assets
Leasehold improvements
Plant and equipment
Fixtures and fittings
Computers
Motor vehicles
Total
£
£
£
£
£
£
Cost
At 9 December 2023
Additions
7,563
21,873
2,121
3,702
35,983
71,242
At 31 December 2024
7,563
21,873
2,121
3,702
35,983
71,242
Depreciation and impairment
At 9 December 2023
Depreciation charged in the period
603
3,415
315
519
6,882
11,734
At 31 December 2024
603
3,415
315
519
6,882
11,734
Carrying amount
At 31 December 2024
6,960
18,458
1,806
3,183
29,101
59,508
4 WOOD THINKING LTD
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE PERIOD ENDED 31 DECEMBER 2024
- 4 -
4
Debtors
2024
Amounts falling due within one year:
£
Other debtors
14,497
5
Creditors: amounts falling due within one year
2024
£
Taxation and social security
3,969
Other creditors
284,530
288,499
6
Operating lease commitments
Lessee
At the reporting end date the company had outstanding commitments for future minimum lease payments under non-cancellable operating leases, as follows:
2024
£
64,555