Company registration number 13980978 (England and Wales)
THE WOODMAN DURHAM LIMITED
UNAUDITED FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2025
PAGES FOR FILING WITH REGISTRAR
THE WOODMAN DURHAM LIMITED
CONTENTS
Page
Balance sheet
1 - 2
Notes to the financial statements
3 - 8
THE WOODMAN DURHAM LIMITED
BALANCE SHEET
AS AT
31 MARCH 2025
31 March 2025
- 1 -
2025
2024
Notes
£
£
£
£
Fixed assets
Tangible assets
3
92,682
123,834
Current assets
Stocks
6,100
6,100
Debtors
4
22,806
37,643
Cash at bank and in hand
2,022
11,001
30,928
54,744
Creditors: amounts falling due within one year
5
(122,884)
(163,409)
Net current liabilities
(91,956)
(108,665)
Total assets less current liabilities
726
15,169
Creditors: amounts falling due after more than one year
6
(20,000)
-
0
Provisions for liabilities
(5,050)
(8,697)
Net (liabilities)/assets
(24,324)
6,472
Capital and reserves
Called up share capital
7
100
100
Profit and loss reserves
(24,424)
6,372
Total equity
(24,324)
6,472
THE WOODMAN DURHAM LIMITED
BALANCE SHEET (CONTINUED)
AS AT
31 MARCH 2025
31 March 2025
- 2 -

For the financial year ended 31 March 2025 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

T he members have not required the company to obtain an audit of its financial statements for the year in question in accordance with section 476.

The directors acknowledge their responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of financial statements.

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

The directors of the company have elected not to include a copy of the profit and loss account within the financial statements.true

The financial statements were approved by the board of directors and authorised for issue on 27 November 2025 and are signed on its behalf by:
D A McCaroll
Director
Company registration number 13980978 (England and Wales)
THE WOODMAN DURHAM LIMITED
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2025
- 3 -
1
Accounting policies
Company information

The Woodman Durham Limited is a private company limited by shares incorporated in England and Wales. The registered office is 23 Gilesgate, Durham, DH1 1QW.

1.1
Basis of preparation

These financial statements have been prepared in accordance with FRS 102 “The Financial Reporting Standard applicable in the UK and Republic of Ireland” (“FRS 102”) and the requirements of the Companies Act 2006 as applicable to companies subject to the small companies regime. 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 prepared in sterling, which is the functional currency of the company. Monetary a mounts in these financial statements are rounded to the nearest £.

The financial statements have been prepared under the historical cost convention. The principal accounting policies adopted are set out below.

1.2
Going concern

A true t the time of approving the financial statements, t he directors have a reasonable expectation that the company has adequate resources to continue in operational existence for the foreseeable future. Thus t he directors continue to adopt the going concern basis of accounting in preparing the financial statements.

1.3
Revenue

Turnover is measured as the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes.

1.4
Tangible fixed assets

Tangible fixed assets are initially measured at cost and subsequently measured at cost or valuation, net of depreciation and any impairment losses.

Depreciation is recognised so as to write off the cost or valuation of assets less their residual values over their useful lives on the following bases:

Leasehold improvements
10% on cost
Plant and equipment
25% on reducing balance and 20% on cost
Fixtures and fittings
20% on cost
Computers
20% on cost
Garden
33% on cost

The gain or loss arising on the disposal of an asset is determined as the difference between the sale proceeds and the carrying value of the asset, and is credited or charged to profit or loss.

1.5
Impairment of fixed assets

At each reporting period end date, the company reviews the carrying amounts of its tangible assets to determine whether there is any indication that those assets have suffered an impairment loss. If any such indication exists, the recoverable amount of the asset is estimated in order to determine the extent of the impairment loss (if any). Where it is not possible to estimate the recoverable amount of an individual asset, the company estimates the recoverable amount of the cash-generating unit to which the asset belongs.

THE WOODMAN DURHAM LIMITED
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 31 MARCH 2025
1
Accounting policies
(Continued)
- 4 -
1.6
Stocks

Stocks are stated at the lower of cost and estimated selling price less costs to complete and sell. Cost comprises direct materials and, where applicable, direct labour costs and those overheads that have been incurred in bringing the stocks to their present location and condition.

At each reporting date, an assessment is made for impairment. Any excess of the carrying amount of stocks over its estimated selling price less costs to complete and sell is recognised as an impairment loss in profit or loss. Reversals of impairment losses are also recognised in profit or loss.

1.7
Cash and cash equivalents

Cash and cash equivalents are basic financial assets and include cash in hand, deposits held at call with banks, other short-term liquid investments with original maturities of three months or less, and bank overdrafts. Bank overdrafts are shown within borrowings in current liabilities.

1.8
Financial instruments

The company has elected to apply the provisions of Section 11 ‘Basic Financial Instruments’ and Section 12 ‘Other Financial Instruments Issues’ of FRS 102 to all of its financial instruments.

Financial instruments are recognised in the company's balance sheet when the company becomes party to the contractual provisions of the instrument.

Financial assets and liabilities are offset, with the net amounts presented in the financial statements, when there is a legally enforceable right to set off the recognised amounts and there is an intention to settle on a net basis or to realise the asset and settle the liability simultaneously.

Basic financial assets

Basic financial assets, which include debtors and cash and bank balances, are initially measured at transaction price including transaction costs and are subsequently carried at amortised cost using the effective interest method unless the arrangement constitutes a financing transaction, where the transaction is measured at the present value of the future receipts discounted at a market rate of interest. Financial assets classified as receivable within one year are not amortised.

Classification of financial liabilities

Financial liabilities and equity instruments are classified according to the substance of the contractual arrangements entered into. An equity instrument is any contract that evidences a residual interest in the assets of the company after deducting all of its liabilities.

Basic financial liabilities

Basic financial liabilities, including creditors, bank loans, loans from fellow group companies and preference shares that are classified as debt, are initially recognised at transaction price unless the arrangement constitutes a financing transaction, where the debt instrument is measured at the present value of the future paymen ts discounted at a market rate of interest. Financial liabilities classified as payable within one year are not amortised.

Debt instruments are subsequently carried at amortised cost, using the effective interest rate method.

Trade creditors are obligations to pay for goods or services that have been acquired in the ordinary course of business from suppliers. A m ounts payable are classified as current liabilities if payment is due within one year or less. If not, they are presented as non-current liabilities. Trade creditors are recognised initially at transaction price and subsequently measured at amortised cost using the effective interest method.

THE WOODMAN DURHAM LIMITED
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 31 MARCH 2025
1
Accounting policies
(Continued)
- 5 -
1.9
Equity instruments

Equity instruments issued by the company are recorded at the proceeds received, net of transaction costs. Dividends payable on equity instruments are recognised as liabilities once they are no longer at the discretion of the company.

1.10
Taxation

The tax expense represents the sum of the tax currently payable and deferred tax.

Current tax

The tax currently payable is based on taxable profit for the year. Taxable profit differs from net profit as reported in the profit and loss account because it excludes items of income or expense that are taxable or deductible in other years and it further excludes items that are never taxable or deductible. The company’s liability for current tax is calculated using tax rates that have been enacted or substantively enacted by the reporting end date.

Deferred tax

Deferred tax liabilities are generally recognised for all timing differences and deferred tax assets are recognised to the extent that it is probable that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits. Such assets and liabilities are not recognised if the timing difference arises from goodwill or from the initial recognition of other assets and liabilities in a transaction that affects neither the tax profit nor the accounting profit.

The carrying amount of deferred tax assets is reviewed at each reporting end date and reduced to the extent that it is no longer probable that sufficient taxable profits will be available to allow all or part of the asset to be recovered. Deferred tax is calculated at the tax rates that are expected to apply in the period when the liability is settled or the asset is realised. Deferred tax is charged or credited in the profit and loss account, except when it relates to items charged or credited directly to equity, in which case the deferred tax is also dealt with in equity. Deferred tax assets and liabilities are offset when the company has a legally enforceable right to offset current tax assets and liabilities and the deferred tax assets and liabilities relate to taxes levied by the same tax authority.

1.11
Employee benefits

The costs of short-term employee benefits are recognised as a liability and an expense, unless those costs are required to be recognised as part of the cost of stock or fixed assets.

The cost of any unused holiday entitlement is recognised in the period in which the employee’s services are received.

Termination benefits are recognised immediately as an expense when the company is demonstrably committed to terminate the employment of an employee or to provide termination benefits.

1.12
Retirement benefits

Payments to defined contribution retirement benefit schemes are charged as an expense as they fall due.

1.13
Leases
As lessee

Rentals payable under operating leases, including any lease incentives received, are charged to profit or loss on a straight line basis over the term of the relevant lease except where another more systematic basis is more representative of the time pattern in which economic benefits from the lease s asset are consumed.

THE WOODMAN DURHAM LIMITED
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 31 MARCH 2025
1
Accounting policies
(Continued)
- 6 -
As lessor

When the company acts as a lessor, a lease is classified as a finance lease whenever it transfers substantially all the risks and rewards of ownership of the underlying asset to the lessee, either at the end of the lease term or for the major part of the economic life of the asset. All other leases are classified as operating leases. If an arrangement contains both lease and non-lease components, the company allocates the consideration in the contract to the two elements.

Rental income from operating leases is recognised on a straight line basis over the term of the relevant lease. Initial direct costs incurred in negotiating and arranging an operating lease are added to the carrying amount of the leased asset and recognised on a straight line basis over the lease term.

2
Employees

The average monthly number of persons (including directors) employed by the company during the year was:

2025
2024
Number
Number
Total
6
6
3
Tangible fixed assets
Leasehold improvements
Plant and equipment
Fixtures and fittings
Computers
Garden
Total
£
£
£
£
£
£
Cost
At 1 April 2024
98,033
21,695
12,043
4,986
19,543
156,300
Additions
-
0
2,152
832
2,918
409
6,311
Disposals
-
0
(18,083)
-
0
-
0
-
0
(18,083)
At 31 March 2025
98,033
5,764
12,875
7,904
19,952
144,528
Depreciation and impairment
At 1 April 2024
19,054
2,855
3,300
1,066
6,191
32,466
Depreciation charged in the year
9,803
923
2,561
1,441
6,536
21,264
Eliminated in respect of disposals
-
0
(1,884)
-
0
-
0
-
0
(1,884)
At 31 March 2025
28,857
1,894
5,861
2,507
12,727
51,846
Carrying amount
At 31 March 2025
69,176
3,870
7,014
5,397
7,225
92,682
At 31 March 2024
78,979
18,840
8,743
3,920
13,352
123,834
THE WOODMAN DURHAM LIMITED
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 31 MARCH 2025
- 7 -
4
Debtors
2025
2024
Amounts falling due within one year:
£
£
Other debtors
22,806
37,643
5
Creditors: amounts falling due within one year
2025
2024
£
£
Bank loans
5,000
-
0
Trade creditors
6,522
3,522
Taxation and social security
9,870
10,071
Other creditors
101,492
149,816
122,884
163,409
6
Creditors: amounts falling due after more than one year
2025
2024
£
£
Bank loans
20,000
-
0
7
Called up share capital
2025
2024
2025
2024
Ordinary share capital
Number
Number
£
£
Issued and fully paid
Ordinary A shares of £1 each
50
50
50
50
Ordinary B shares of £1 each
50
50
50
50
100
100
100
100
8
Related party transactions
Transactions with related parties

During the year the company entered into the following transactions with related parties:

The company has transactions with other companies where the directors are also directors and shareholders in those companies. The net total balance due to these companies at 31 March 2025 is £98,484 (2024: £147,025). No interest is due on these balances.

THE WOODMAN DURHAM LIMITED
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 31 MARCH 2025
- 8 -
9
Directors' transactions

Advances or credits have been granted by the company to its directors as follows:

Loans
% Rate
Opening balance
Amounts advanced
Amounts repaid
Closing balance
£
£
£
£
Directors' loan account
-
31,970
16,952
(30,500)
18,422
31,970
16,952
(30,500)
18,422
2025-03-31 2024-04-01 false false false CCH Software CCH Accounts Production 2025.300 No description of principal activity G B M Bern D A McCaroll 13980978 2024-04-01 2025-03-31 13980978 2025-03-31 13980978 2024-03-31 13980978 core:LeaseholdImprovements 2025-03-31 13980978 core:PlantMachinery 2025-03-31 13980978 core:FurnitureFittings 2025-03-31 13980978 core:ComputerEquipment 2025-03-31 13980978 core:MotorVehicles 2025-03-31 13980978 core:LeaseholdImprovements 2024-03-31 13980978 core:PlantMachinery 2024-03-31 13980978 core:FurnitureFittings 2024-03-31 13980978 core:ComputerEquipment 2024-03-31 13980978 core:MotorVehicles 2024-03-31 13980978 core:CurrentFinancialInstruments 2025-03-31 13980978 core:CurrentFinancialInstruments 2024-03-31 13980978 core:Non-currentFinancialInstruments 2025-03-31 13980978 core:Non-currentFinancialInstruments 2024-03-31 13980978 core:ShareCapital 2025-03-31 13980978 core:ShareCapital 2024-03-31 13980978 core:RetainedEarningsAccumulatedLosses 2025-03-31 13980978 core:RetainedEarningsAccumulatedLosses 2024-03-31 13980978 core:ShareCapitalOrdinaryShareClass1 2025-03-31 13980978 core:ShareCapitalOrdinaryShareClass1 2024-03-31 13980978 core:ShareCapitalOrdinaryShareClass2 2025-03-31 13980978 core:ShareCapitalOrdinaryShareClass2 2024-03-31 13980978 core:ShareCapitalOrdinaryShares 2025-03-31 13980978 core:ShareCapitalOrdinaryShares 2024-03-31 13980978 bus:Director2 2024-04-01 2025-03-31 13980978 core:LeaseholdImprovements 2024-04-01 2025-03-31 13980978 core:PlantMachinery 2024-04-01 2025-03-31 13980978 core:FurnitureFittings 2024-04-01 2025-03-31 13980978 core:ComputerEquipment 2024-04-01 2025-03-31 13980978 core:MotorVehicles 2024-04-01 2025-03-31 13980978 2023-04-01 2024-03-31 13980978 core:LeaseholdImprovements 2024-03-31 13980978 core:PlantMachinery 2024-03-31 13980978 core:FurnitureFittings 2024-03-31 13980978 core:ComputerEquipment 2024-03-31 13980978 core:MotorVehicles 2024-03-31 13980978 2024-03-31 13980978 core:CurrentFinancialInstruments core:WithinOneYear 2025-03-31 13980978 core:CurrentFinancialInstruments core:WithinOneYear 2024-03-31 13980978 bus:OrdinaryShareClass1 2024-04-01 2025-03-31 13980978 bus:OrdinaryShareClass2 2024-04-01 2025-03-31 13980978 bus:OrdinaryShareClass1 2025-03-31 13980978 bus:OrdinaryShareClass1 2024-03-31 13980978 bus:OrdinaryShareClass2 2025-03-31 13980978 bus:OrdinaryShareClass2 2024-03-31 13980978 bus:AllOrdinaryShares 2025-03-31 13980978 bus:AllOrdinaryShares 2024-03-31 13980978 bus:PrivateLimitedCompanyLtd 2024-04-01 2025-03-31 13980978 bus:SmallCompaniesRegimeForAccounts 2024-04-01 2025-03-31 13980978 bus:FRS102 2024-04-01 2025-03-31 13980978 bus:AuditExemptWithAccountantsReport 2024-04-01 2025-03-31 13980978 bus:Director1 2024-04-01 2025-03-31 13980978 bus:FullAccounts 2024-04-01 2025-03-31 xbrli:pure xbrli:shares iso4217:GBP