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REGISTERED NUMBER: 04983940 (England and Wales)




UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31ST DECEMBER 2024

FOR

WOOD LANE SERVICE STATION LTD

WOOD LANE SERVICE STATION LTD (REGISTERED NUMBER: 04983940)






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




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 3


WOOD LANE SERVICE STATION LTD

COMPANY INFORMATION
FOR THE YEAR ENDED 31ST DECEMBER 2024







DIRECTORS: T A Kermode
T Kermode





SECRETARY: T Kermode





REGISTERED OFFICE: Park Lodge
Rhosddu Road
Wrexham
Wrexham
LL11 1NF





REGISTERED NUMBER: 04983940 (England and Wales)





ACCOUNTANTS: M. D. Coxey and Co. Limited
Chartered Accountants
25 Grosvenor Road
Wrexham
LL11 1BT

WOOD LANE SERVICE STATION LTD (REGISTERED NUMBER: 04983940)

BALANCE SHEET
31ST DECEMBER 2024

31.12.24 31.12.23
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 158,892 150,202

CURRENT ASSETS
Stocks 185,438 197,658
Debtors 5 33,241 17,725
Cash at bank and in hand 401,179 249,941
619,858 465,324
CREDITORS
Amounts falling due within one year 6 147,350 135,654
NET CURRENT ASSETS 472,508 329,670
TOTAL ASSETS LESS CURRENT
LIABILITIES

631,400

479,872

CAPITAL AND RESERVES
Called up share capital 2 2
Retained earnings 631,398 479,870
631,400 479,872

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

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

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 27th August 2025 and were signed on its behalf by:





T A Kermode - Director


WOOD LANE SERVICE STATION LTD (REGISTERED NUMBER: 04983940)

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

1. STATUTORY INFORMATION

Wood Lane Service Station 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.

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.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 7 (2023 - 8 ) .

WOOD LANE SERVICE STATION LTD (REGISTERED NUMBER: 04983940)

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

4. TANGIBLE FIXED ASSETS
Freehold Plant and Motor Computer
property machinery vehicles equipment Totals
£    £    £    £    £   
COST
At 1st January 2024 109,962 32,957 69,691 2,341 214,951
Additions - 25,000 - - 25,000
At 31st December 2024 109,962 57,957 69,691 2,341 239,951
DEPRECIATION
At 1st January 2024 - 29,352 33,075 2,322 64,749
Charge for year - 7,152 9,153 5 16,310
At 31st December 2024 - 36,504 42,228 2,327 81,059
NET BOOK VALUE
At 31st December 2024 109,962 21,453 27,463 14 158,892
At 31st December 2023 109,962 3,605 36,616 19 150,202

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.12.24 31.12.23
£    £   
Trade debtors 103 (1,042 )
VAT 33,138 18,767
33,241 17,725

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.12.24 31.12.23
£    £   
Bank loans and overdrafts 16,519 26,616
Hire purchase contracts 16,800 26,400
Trade creditors 16,143 19,708
Tax 88,902 53,929
Social security and other taxes 2,748 3,373
Commercial Card 4,903 4,357
Accrued expenses 1,335 1,271
147,350 135,654

7. RELATED PARTY DISCLOSURES

The company is owned by the directors. There were no transactions with the directors other than as disclosed in the accounts.