REGISTERED NUMBER: 05024156 (England and Wales)

Unaudited Financial Statements for the Year Ended 31 December 2024

for

R D Woodcraft Limited

Page

Company Information

1

Abridged Statement of Financial Position

2

Notes to the Financial Statements

4

DIRECTORS:

R D Woodcraft

Mrs L Woodcraft

D J Woodcraft

S Woodcraft

SECRETARY:

Mrs L Woodcraft

REGISTERED OFFICE:

Brook Farm Little Heath

Gamlingay

Sandy

Bedfordshire

SG19 3LL

REGISTERED NUMBER:

05024156 (England and Wales)

ACCOUNTANTS:

Carrington-May

Chartered Certified Accountants

31 Walker Avenue

Wolverton Mill East

Milton Keynes

Buckinghamshire

MK12 5TW

FIXED ASSETS

Tangible assets

4

1,608,452

1,447,180

CURRENT ASSETS

Stocks

156,035

166,069

Debtors

466,982

469,094

Cash in hand

1,158

1,146

624,175

636,309

CREDITORS

Amounts falling due within one year

602,272

630,682

NET CURRENT ASSETS

21,903

5,627

TOTAL ASSETS LESS CURRENT LIABILITIES

1,630,355

1,452,807

CREDITORS

Amounts falling due after more than one year

(1,048,437

)

(932,276

)

PROVISIONS FOR LIABILITIES

(295,508

)

(217,355

)

NET ASSETS

286,410

303,176

CAPITAL AND RESERVES

Called up share capital

5

100

100

Retained earnings

286,310

303,076

SHAREHOLDERS' FUNDS

286,410

303,176

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

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

All the members have consented to the preparation of an abridged Income Statement and an abridged Statement of Financial Position for the year ended 31 December 2024 in accordance with Section 444(2A) of the Companies Act 2006.

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 23 September 2025 and were signed on its behalf by:

R D Woodcraft - Director

Mrs L M Woodcraft - Director

1.	STATUTORY INFORMATION

R D Woodcraft Limited 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.

The directors have considered the future profitability and cash flow of the business. This remains positive and continues to strengthen. On this basis the directors consider the going concern basis of preparation to be appropriate.

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 or, if held under a finance lease, over the lease term, whichever is the shorter.

Freehold property

-

in accordance with the property

Plant and machinery

-

15% on reducing balance

Motor vehicles

-

20% on reducing balance

Computer equipment

-

20% on reducing balance

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 statement of financial position date.

Deferred tax

Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the statement of financial position 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

Assets obtained under hire purchase contracts or finance leases are capitalised in the balance sheet. Those held under hire purchase contracts are depreciated over their estimated useful lives. Those held under finance leases are depreciated over their estimated useful lives or the lease term, whichever is the shorter.

The interest element of these obligations is charged to profit or loss over the relevant period. The capital element of the future payments is treated as a liability.

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.

3.	EMPLOYEES AND DIRECTORS

The average number of employees during the year was 20 (2023 - 19 ) .

4.	TANGIBLE FIXED ASSETS

Totals

£

COST

At 1 January 2024

1,857,233

Additions

509,294

Disposals

(135,500

)

At 31 December 2024

2,231,027

DEPRECIATION

At 1 January 2024

410,053

Charge for year

256,095

Eliminated on disposal

(43,573

)

At 31 December 2024

622,575

NET BOOK VALUE

At 31 December 2024

1,608,452

At 31 December 2023

1,447,180

Fixed assets, included in the above, which are held under hire purchase contracts are as follows:

Plant and

Motor

machinery

vehicles

Totals

£

£

£

COST

At 1 January 2024

1,330,759

17,069

1,347,828

Additions

419,771

39,366

459,137

At 31 December 2024

1,750,530

56,435

1,806,965

DEPRECIATION

At 1 January 2024

239,265

569

239,834

Charge for year

199,798

8,324

208,122

At 31 December 2024

439,063

8,893

447,956

NET BOOK VALUE

At 31 December 2024

1,311,467

47,542

1,359,009

At 31 December 2023

1,091,494

16,500

1,107,994

5.	CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:

Number:

Class:

Nominal

2024

2023

value:

£

£

40

Ordinary B Shares

£1

60

60

60

Ordinary A Shares

£1

40

40

100

100

6.	DIRECTORS' ADVANCES, CREDITS AND GUARANTEES

At the balance sheet date the sum of £218,720, is owed by the company to the directors, (2024 - £205,136). £218,720 was the maximum amount outstanding during the period. Interest has not been paid or accrued on the sum outstanding.