ACCOUNTS - Final Accounts

Registered number: 15445179

Woodfield Systems Limited

Financial statements

Information for filing with the registrar

For the Period Ended 31 March 2025

Woodfield Systems Limited

Registered number: 15445179

Balance Sheet

As at 31 March 2025

		31 March
		2025
Note		£


Current assets
Stocks		109,581
Debtors: amounts falling due within one year	5	224,655
Cash at bank and in hand	6	104,119
		438,355
Creditors: amounts falling due within one year	7	(348,554)
Net current assets			89,801
Total assets less current liabilities			89,801

Net assets			89,801

Capital and reserves
Called up share capital	8	1
Profit and loss account		89,800
		89,801

The financial statements have been prepared in accordance with the provisions applicable to companies subject to the small companies regime and in accordance with the provisions of FRS 102 Section 1A - small entities.

The financial statements have been delivered in accordance with the provisions applicable to companies subject to the small companies regime.

The Company has opted not to file the statement of income and retained earnings in accordance with provisions applicable to companies subject to the small companies' regime.

The financial statements were approved and authorised for issue by the board and were signed on its behalf by:

G Reddecliffe

Director

Date: 8 August 2025

The notes on pages 2 to 7 form part of these financial statements.

Page 1

Woodfield Systems Limited

Notes to the Financial Statements

For the Period Ended 31 March 2025

1.	General information

Woodfield Systems Limited is a private company limited by shares and is incorporated in England and Wales with the registration number 15445179.
The address of the registered office is Marine House, Tyler Way, Whitstable, Kent, CT5 2RS.

2.Accounting policies

2.1

Basis of preparation of financial statements

The financial statements have been prepared under the historical cost convention unless otherwise specified within these accounting policies and in accordance with FRS 102 'The Financial Reporting Standard applicable in the UK and the Republic of Ireland' and the requirements of the Companies Act 2006. The disclosure requirements of Section 1A of FRS 102 have been applied other than where additional disclosure is required to show a true and fair view.

The financial statements are presented in pounds sterling and rounded to the nearest pound.

The following principal accounting policies have been applied:

2.2

Going concern

The company meets its day to day working capital requirements through loans from the group. The group will continue to financially support the company for its working capital requirements until the company is able to pay its own obligations in the ordinary course of business.
After making enquiries, the directors believe that the company will have adequate resources together with the continued support of fellow group companies to continue in operational existence for the foreseeable future. On this basis, the directors consider it appropriate to prepare the financial statements on a going concern basis.

Page 2

Woodfield Systems Limited

Notes to the Financial Statements

For the Period Ended 31 March 2025

2.Accounting policies (continued)

2.3

Revenue

Revenue is recognised to the extent that it is probable that the economic benefits will flow to the Company and the revenue can be reliably measured. Revenue is measured as the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes. The following criteria must also be met before revenue is recognised:

Sale of goods

Revenue from the sale of goods is recognised when all of the following conditions are satisfied:

∙the Company has transferred the significant risks and rewards of ownership to the buyer;

∙the Company retains neither continuing managerial involvement to the degree usually associated with ownership nor effective control over the goods sold;

∙the amount of revenue can be measured reliably;

∙it is probable that the Company will receive the consideration due under the transaction; and

∙the costs incurred or to be incurred in respect of the transaction can be measured reliably.

Rendering of services

Revenue from a contract to provide services is recognised in the period in which the services are provided in accordance with the stage of completion of the contract when all of the following conditions are satisfied:

∙the amount of revenue can be measured reliably;

∙it is probable that the Company will receive the consideration due under the contract;

∙the stage of completion of the contract at the end of the reporting period can be measured reliably; and

∙the costs incurred and the costs to complete the contract can be measured reliably.

2.4

Taxation

Tax is recognised in profit or loss except that a charge attributable to an item of income and expense recognised as other comprehensive income or to an item recognised directly in equity is also recognised in other comprehensive income or directly in equity respectively.

The current income tax charge is calculated on the basis of tax rates and laws that have been enacted or substantively enacted by the balance sheet date in the countries where the Company operates and generates income.

2.5

Stocks

Stocks are stated at the lower of cost and net realisable value, being the estimated selling price less costs to complete and sell. Cost is based on the cost of purchase on a first in, first out basis.

At each balance sheet date, stocks are assessed for impairment. If stock is 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.

Page 3

Woodfield Systems Limited

Notes to the Financial Statements

For the Period Ended 31 March 2025

2.Accounting policies (continued)

2.6

Debtors

Short-term debtors are measured at transaction price, less any impairment. Loans receivable are measured initially at fair value, net of transaction costs, and are measured subsequently at amortised cost using the effective interest method, less any impairment.

2.7

Cash and cash equivalents

Cash is represented by cash in hand and deposits with financial institutions repayable without penalty on notice of not more than 24 hours. Cash equivalents are highly liquid investments that mature in no more than three months from the date of acquisition and that are readily convertible to known amounts of cash with insignificant risk of change in value.

2.8

Creditors

Short-term creditors are measured at the transaction price. Other financial liabilities, including bank loans, are measured initially at fair value, net of transaction costs, and are measured subsequently at amortised cost using the effective interest method.

2.9

Foreign currency translation

Functional and presentation currency

The Company's functional and presentational currency is GBP.

Transactions and balances

Foreign currency transactions are translated into the functional currency using the spot exchange rates at the dates of the transactions.

At each period end foreign currency monetary items are translated using the closing rate. Non-monetary items measured at historical cost are translated using the exchange rate at the date of the transaction and non-monetary items measured at fair value are measured using the exchange rate when fair value was determined.

Foreign exchange gains and losses resulting from the settlement of transactions and from the translation at period-end exchange rates of monetary assets and liabilities denominated in foreign currencies are recognised in profit or loss except when deferred in other comprehensive income as qualifying cash flow hedges.

Foreign exchange gains and losses are presented in the Statement of Income and Retained Earnings within 'Interest payable and similar charges'.

2.10

Pensions

Defined contribution pension plan

The Company operates a defined contribution plan for its employees. A defined contribution plan is a pension plan under which the Company pays fixed contributions into a separate entity. Once the contributions have been paid the Company has no further payment obligations.

The contributions are recognised as an expense in profit or loss when they fall due. Amounts not paid are shown in accruals as a liability in the Balance Sheet. The assets of the plan are held separately from the Company in independently administered funds.

Page 4

Woodfield Systems Limited

Notes to the Financial Statements

For the Period Ended 31 March 2025

Employees

The average monthly number of employees, including directors, during the period was 3.

4.	Stocks
		31 March
		2025
		£

	Stock of parts	15,771
	Stock held for assignments	93,810
		109,581

Debtors

					31 March
					2025
					£


	Trade debtors	11,095
	Amounts owed by group undertakings	135,299
	Other debtors	1,735
	Prepayments and accrued income	76,526
		224,655

6.	Cash and cash equivalents
		31 March
		2025
		£

	Cash at bank and in hand	104,119
		104,119

Page 5

Woodfield Systems Limited

Notes to the Financial Statements

For the Period Ended 31 March 2025

7.	Creditors: Amounts falling due within one year
		31 March
		2025
		£

	Trade creditors	52,719
	Amounts owed to group undertakings	63,163
	Corporation tax	29,937
	Other taxation and social security	5,979
	Other creditors	2,528
	Accruals and deferred income	194,228
		348,554

8.	Share capital
		31 March
		2025
		£

		Allotted, called up and fully paid

		1 Ordinary share of £1.00	1

During the period, the company issued 1 ordinary share at par.

9.	Pension commitments

The Company operates a defined contributions pension scheme. The assets of the scheme are held separately from those of the Company in an independently administered fund. The pension cost charge represents contributions payable by the Company to the fund and amounted to £3,250. Contributions totalling £758 were payable to the fund at the balance sheet date

10.	Commitments under operating leases
	At 31 March 2025 the Company had future minimum lease payments due under non-cancellable operating leases for each of the following periods:
		31 March
		2025
		£

	Not later than 1 year	5,231
	Later than 1 year and not later than 5 years	18,310
		23,541

Page 6

Woodfield Systems Limited

Notes to the Financial Statements

For the Period Ended 31 March 2025

11.	Controlling party

The parent of the smallest group containing the company for which consolidated financial statements are drawn up is Woodfield Systems International Private Ltd, a company registered in India whose registered office is 2-A, 3rd Floor, Nitco Biz Park, Plot No. C-19, Road No. 16u, Wagle Industrial Estate Na Thane, Thane, Mh 400604, India.

12.	Auditors' information

The auditors' report on the financial statements for the period ended 31 March 2025 was unqualified.

The audit report was signed on 8 August 2025 by Mark Attwood FCCA (Senior Statutory Auditor) on behalf of Kreston Reeves LLP.

Page 7