Registered number
10431171
Woodman Forecourts Ltd
Filleted Accounts
30 November 2024
Woodman Forecourts Ltd
Registered number: 10431171
Balance Sheet
as at 30 November 2024
Notes 2024 2023
£ £
Fixed assets
Tangible assets 3 1,798,951 1,718,688
Current assets
Stocks 336,018 338,604
Debtors 4 1,412,971 1,397,097
Cash at bank and in hand 1,646,199 1,643,978
3,395,188 3,379,679
Creditors: amounts falling due within one year 5 (1,345,451) (1,883,796)
Net current assets 2,049,737 1,495,883
Total assets less current liabilities 3,848,688 3,214,571
Provisions for liabilities (70,675) (40,076)
Net assets 3,778,013 3,174,495
Capital and reserves
Called up share capital 100 100
Profit and loss account 3,777,913 3,174,395
Shareholder's funds 3,778,013 3,174,495
The director is satisfied that the company is entitled to exemption from the requirement to obtain an audit under section 477 of the Companies Act 2006.
The member has not required the company to obtain an audit in accordance with section 476 of the Act.
The director acknowledges his responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of accounts.
The accounts have been prepared and delivered in accordance with the special provisions applicable to companies subject to the small companies regime. The profit and loss account has not been delivered to the Registrar of Companies.
Idris Patel
Director
Approved by the board on 29 August 2025
Woodman Forecourts Ltd
Notes to the Accounts
for the year ended 30 November 2024
1 Accounting policies
Basis of preparation
The accounts have been prepared under the historical cost convention and in accordance with FRS 102, The Financial Reporting Standard applicable in the UK and Republic of Ireland (as applied to small entities by section 1A of the standard).
Turnover
Turnover is measured at the fair value of the consideration received or receivable, net of discounts and value added taxes. Turnover includes revenue earned from the sale of goods. Turnover from the sale of goods is recognised when the significant risks and rewards of ownership of the goods have transferred to the buyer.
Tangible fixed assets
Tangible fixed assets are measured at cost less accumulative depreciation and any accumulative impairment losses. Depreciation is provided on all tangible fixed assets, other than freehold land, at rates calculated to write off the cost, less estimated residual value, of each asset evenly over its expected useful life, as follows:
Freehold buildings over 50 years
Leasehold land and buildings over the lease term
Fixtures, fittings, tools and equipment 10% straight line
Stocks
Stocks are measured at the lower of cost and estimated selling price less costs to complete and sell. Cost is determined using the first in first out method. The carrying amount of stock sold is recognised as an expense in the period in which the related revenue is recognised.
Debtors
Short term debtors are measured at transaction price (which is usually the invoice price), less any impairment losses for bad and doubtful debts. Loans and other financial assets are initially recognised at transaction price including any transaction costs and subsequently measured at amortised cost determined using the effective interest method, less any impairment losses for bad and doubtful debts.
Creditors
Short term creditors are measured at transaction price (which is usually the invoice price). Loans and other financial liabilities are initially recognised at transaction price net of any transaction costs and subsequently measured at amortised cost determined using the effective interest method.
Taxation
A current tax liability is recognised for the tax payable on the taxable profit of the current and past periods. A current tax asset is recognised in respect of a tax loss that can be carried back to recover tax paid in a previous period. Deferred tax is recognised in respect of all timing differences between the recognition of income and expenses in the financial statements and their inclusion in tax assessments. 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. Deferred tax is measured using the tax rates and laws that have been enacted or substantively enacted by the reporting date and that are expected to apply to the reversal of the timing difference, except for revalued land and investment property where the tax rate that applies to the sale of the asset is used. Current and deferred tax assets and liabilities are not discounted.
Leased assets
A lease is classified as a finance lease if it transfers substantially all the risks and rewards incidental to ownership. All other leases are classified as operating leases. The rights of use and obligations under finance leases are initially recognised as assets and liabilities at amounts equal to the fair value of the leased assets or, if lower, the present value of the minimum lease payments. Minimum lease payments are apportioned between the finance charge and the reduction in the outstanding liability using the effective interest rate method. The finance charge is allocated to each period during the lease so as to produce a constant periodic rate of interest on the remaining balance of the liability. Leased assets are depreciated in accordance with the company's policy for tangible fixed assets. If there is no reasonable certainty that ownership will be obtained at the end of the lease term, the asset is depreciated over the lower of the lease term and its useful life. Operating lease payments are recognised as an expense on a straight line basis over the lease term.
2 Employees 2024 2023
Number Number
Average number of persons employed by the company 25 20
3 Tangible fixed assets
Land and buildings Leashold land & buildings Fixtures & equipment Total
£ £ £ £
Cost
At 1 December 2023 1,205,748 599,233 278,427 2,083,408
Additions - - 147,983 147,983
At 30 November 2024 1,205,748 599,233 426,410 2,231,391
Depreciation
At 1 December 2023 166,314 91,363 107,043 364,720
Charge for the year 24,115 18,174 25,431 67,720
At 30 November 2024 190,429 109,537 132,474 432,440
Net book value
At 30 November 2024 1,015,319 489,696 293,936 1,798,951
At 30 November 2023 1,039,434 507,870 171,384 1,718,688
4 Debtors 2024 2023
£ £
Trade debtors 218,175 275,245
Other debtors 1,194,796 1,121,852
1,412,971 1,397,097
5 Creditors: amounts falling due within one year 2024 2023
£ £
Trade creditors 1,009,376 1,023,026
Taxation and social security costs 329,369 367,597
Other creditors 6,706 493,173
1,345,451 1,883,796
£865,215 (2023: £908,218) of trade creditors owed to Shell UK Oil Products Ltd is secured by way of a fixed charge over the Freehold property of the company.
6 Loans to directors
Description and conditions B/fwd Paid Repaid C/fwd
£ £ £ £
Idris Patel
Loan - 137,044 - 137,044
- 137,044 - 137,044
7 Related party transactions
Included in other debtors are interest free loans to related companies of £846,709 (2023: £736,852).
The companies are connected by virtue of common shareholders.
8 Controlling party
The company is under the control of the director Idris Patel.
9 Other information
Woodman Forecourts Ltd is a private company limited by shares and incorporated in England. Its registered office is:
Woodman Service Station
Dewsbury Road
Leeds
West Yorkshire
LS27 8PU
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