Woven Project Solutions Ltd 12824002 false 2023-09-01 2024-08-31 2024-08-31 The principal activity of the company is producing plant pots made of wool. Digita Accounts Production Advanced 6.30.9574.0 true true 12824002 2023-09-01 2024-08-31 12824002 2024-08-31 12824002 core:RetainedEarningsAccumulatedLosses 2024-08-31 12824002 core:ShareCapital 2024-08-31 12824002 core:SharePremium 2024-08-31 12824002 core:CurrentFinancialInstruments 2024-08-31 12824002 core:CurrentFinancialInstruments core:WithinOneYear 2024-08-31 12824002 bus:SmallEntities 2023-09-01 2024-08-31 12824002 bus:AuditExemptWithAccountantsReport 2023-09-01 2024-08-31 12824002 bus:FilletedAccounts 2023-09-01 2024-08-31 12824002 bus:SmallCompaniesRegimeForAccounts 2023-09-01 2024-08-31 12824002 bus:RegisteredOffice 2023-09-01 2024-08-31 12824002 bus:CompanySecretary1 2023-09-01 2024-08-31 12824002 bus:Director2 2023-09-01 2024-08-31 12824002 bus:Director3 2023-09-01 2024-08-31 12824002 bus:PrivateLimitedCompanyLtd 2023-09-01 2024-08-31 12824002 countries:EnglandWales 2023-09-01 2024-08-31 12824002 2022-09-01 2023-08-31 12824002 2023-08-31 12824002 core:RetainedEarningsAccumulatedLosses 2023-08-31 12824002 core:ShareCapital 2023-08-31 12824002 core:SharePremium 2023-08-31 12824002 core:CurrentFinancialInstruments 2023-08-31 12824002 core:CurrentFinancialInstruments core:WithinOneYear 2023-08-31 iso4217:GBP xbrli:pure

Registration number: 12824002

Woven Project Solutions Ltd

Annual Report and Unaudited Filleted Financial Statements

for the Year Ended 31 August 2024

 

Woven Project Solutions Ltd

Contents

Company Information

1

Balance Sheet

2

Notes to the Unaudited Financial Statements

3 to 5

 

Woven Project Solutions Ltd

Company Information

Directors

G M Hull

T W Lind

Company secretary

Manningtons Ltd

Registered office

8 High Street
Heathfield
East Sussex
TN21 8LS

Accountants

Manningtons
8 High Street
Heathfield
East Sussex
TN21 8LS

 

Woven Project Solutions Ltd

(Registration number: 12824002)
Balance Sheet as at 31 August 2024

Note

2024
£

2023
£

Current assets

 

Stocks

4

33,000

-

Debtors

5

-

1,318

Cash at bank and in hand

 

22,884

104,045

 

55,884

105,363

Creditors: Amounts falling due within one year

6

(52,434)

(46,766)

Net assets

 

3,450

58,597

Capital and reserves

 

Called up share capital

10

10

Share premium reserve

99,999

99,999

Retained earnings

(96,559)

(41,412)

Shareholders' funds

 

3,450

58,597

For the financial year ending 31 August 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 31 July 2025 and signed on its behalf by:
 

.........................................
G M Hull
Director

.........................................
T W Lind
Director

 
     
 

Woven Project Solutions Ltd

Notes to the Unaudited Financial Statements for the Year Ended 31 August 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:
8 High Street
Heathfield
East Sussex
TN21 8LS
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 (£).

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.

Tax

The tax expense for the period comprises 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.

 

Woven Project Solutions Ltd

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

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.

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 at the transaction price.

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.

3

Staff numbers

The average number of persons employed by the company (including directors) during the year, was 1 (2023 - 0).

4

Stocks

2024
£

2023
£

Other inventories

33,000

-

 

Woven Project Solutions Ltd

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

5

Debtors

2024
£

2023
£

Taxation and social security

-

1,318

-

1,318

6

Creditors

Creditors: amounts falling due within one year

2024
£

2023
£

Due within one year

Trade creditors

38,712

-

Taxation and social security

534

-

Accruals and deferred income

1,800

600

Other creditors

3,312

3,313

Director loan account

8,076

42,853

52,434

46,766