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Registration number: 10978550

The Wood House Online Limited
Unaudited Filleted Financial Statements
for the Year Ended 31 October 2024

The Wood House Online Limited

Contents

Company Information | 1
Balance Sheet | 2
Notes to the Unaudited Financial Statements | 3 to 6

The Wood House Online Limited

Company Information

Director | Mrs Kirstie Watson

Registered office | 42a Walnut Road Chelston Torquay Devon TQ2 6HS

Accountants | Neil Wilson & Co Chartered Accountants Bank Chambers 260-262 Union Street Torquay Devon TQ2 5QU

The Wood House Online Limited

(Registration number: 10978550)
Balance Sheet as at 31 October 2024

| Note | 2024 £ | 2023 £
Current assets |  |  |
Debtors | 4 | 13,268 | 12,800
Cash at bank and in hand |  | 385 | 662
|  | 13,653 | 13,462
Creditors: Amounts falling due within one year | 5 | (14,361) | (13,976)
Net liabilities |  | (708) | (514)
Capital and reserves |  |  |
Called up share capital | 6 | 1 | 1
Retained earnings |  | (709) | (515)
Shareholders' deficit |  | (708) | (514)

For the financial year ending 31 October 2024 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

Director's 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 director acknowledges her 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 and 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 director has not delivered to the registrar a copy of the Profit and Loss Account.

Approved and authorised by the director on 15 September 2025

......................................... Mrs Kirstie Watson Director

The Wood House Online Limited

Notes to the Unaudited Financial Statements for the Year Ended 31 October 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:
42a Walnut Road
Chelston
Torquay
Devon
TQ2 6HS

These financial statements were authorised for issue by the director on 15 September 2025.

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.

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.

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 initially at the transaction price. They are subsequently measured at amortised cost using the effective interest method, 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.

The Wood House Online Limited

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

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 initially at the transaction price and subsequently measured at amortised cost using the effective interest method.

Borrowings

Interest-bearing borrowings are initially recorded at fair value, net of transaction costs. Interest-bearing borrowings are subsequently carried at amortised cost, with the difference between the proceeds, net of transaction costs, and the amount due on redemption being recognised as a charge to the profit and loss account over the period of the relevant borrowing.
Interest expense is recognised on the basis of the effective interest method and is included in interest payable and similar charges.
Borrowings are classified as current liabilities unless the company has an unconditional right to defer settlement of the liability for at least twelve months after the reporting date.

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 the director) during the year, was 1 (2023 - 1).

4 | Debtors

Current | 2024 £ | 2023 £
Trade debtors | 12,800 | 12,800
Other debtors | 468 | -
| 13,268 | 12,800

The Wood House Online Limited

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

5 | Creditors

Creditors: amounts falling due within one year

| Note | 2024 £ | 2023 £
Due within one year |  |  |
Loans and borrowings | 7 | - | 32
Accruals and deferred income |  | 565 | 1,075
Other creditors |  | 13,796 | 12,869
|  | 14,361 | 13,976

6 | Share capital

Allotted, called up and fully paid shares

| 2024 | 2023
| No. | £ | No. | £
Ordinary Share of £1 each | 1 | 1 | 1 | 1

7 | Loans and borrowings

Current loans and borrowings

| 2024 £ | 2023 £
Bank overdrafts | - | 32

8 | Related party transactions

Transactions with the director

2024 | At 1 November 2023 £ | Advances to director £ | At 31 October 2024 £
Mrs Kirstie Watson
Director loan | (495) | 963 | 468

2023 | At 1 November 2022 £ | Repayments by director £ | At 31 October 2023 £
Mrs Kirstie Watson
Director loan | (89) | (406) | (495)

The Wood House Online Limited

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