WOODIES AND DESIGNLAB LIMITED - Accounts to registrar (filleted)

REGISTERED NUMBER: 07062626 (England and Wales)

Unaudited Financial Statements for the Year Ended 31 March 2025

for

WOODIES AND DESIGNLAB LIMITED

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

4

DIRECTORS:

D Abayahoudaiyan

G Abayahoudayan

SECRETARY:

REGISTERED OFFICE:

4 Quex road

London

NW6 4PJ

REGISTERED NUMBER:

07062626 (England and Wales)

ACCOUNTANTS:

Purcells, Chartered Accountants

4 Quex Road

London

NW6 4PJ

FIXED ASSETS

Intangible assets

4

270

93,244

Tangible assets

5

3,219

4,230

3,489

97,474

CURRENT ASSETS

Stocks

6

72,700

76,300

Debtors

7

39,387

106,886

Cash at bank

686,147

529,223

798,234

712,409

CREDITORS

Amounts falling due within one year

8

594,257

554,909

NET CURRENT ASSETS

203,977

157,500

TOTAL ASSETS LESS CURRENT
LIABILITIES

207,466

254,974

CAPITAL AND RESERVES

Called up share capital

200,001

Retained earnings

7,465

54,973

SHAREHOLDERS' FUNDS

207,466

254,974

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 March 2025.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 March 2025 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.

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 9 December 2025 and were signed on its behalf by:

D Abayahoudaiyan - Director

1.	STATUTORY INFORMATION

WOODIES AND DESIGNLAB 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.

Turnover

Turnover represents sales of goods net of VAT and trade discounts. Turnover is recognised when the goods are physically delivered to the customer.

Goodwill

Goodwill, being the amount paid in connection with the acquisition of a business in 2010, is being amortised

evenly over its estimated useful life of fourteen years.

Intangible assets

Intangible assets are initially measured at cost. After initial recognition, intangible assets are measured at cost less any accumulated amortisation and any accumulated impairment losses.

Tangible fixed assets

Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful

life.

Improvements to property

- 10% on cost

Plant and machinery

-18% on cost

Fixtures and fittings

- 25% on cost

Computer equipment

- 33% on cost

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 balance sheet date.

Deferred tax

Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the balance sheet 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.

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 17 (2024 - 17 ) .

4.	INTANGIBLE FIXED ASSETS

Goodwill

£

COST

At 1 April 2024

and 31 March 2025

1,400,000

AMORTISATION

At 1 April 2024

1,306,756

Amortisation for year

92,974

At 31 March 2025

1,399,730

NET BOOK VALUE

At 31 March 2025

270

At 31 March 2024

93,244

5.	TANGIBLE FIXED ASSETS

Improvements

Fixtures

to

Plant and

and

Computer

property

machinery

fittings

equipment

Totals

£

COST

At 1 April 2024

and 31 March 2025

2,310

133

6,831

7,880

17,154

DEPRECIATION

At 1 April 2024

1,274

133

4,954

6,563

12,924

Charge for year

103

-

469

439

1,011

At 31 March 2025

1,377

133

5,423

7,002

13,935

NET BOOK VALUE

At 31 March 2025

933

-

1,408

878

3,219

At 31 March 2024

1,036

-

1,877

1,317

4,230

6.

STOCKS

31.3.25

31.3.24

£

Stocks

72,700

76,300

7.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31.3.25

31.3.24

£

Trade debtors

15,392

39,603

Other debtors

-

3,329

Accruals

11,026

Prepayments

12,969

52,928

39,387

106,886

8.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31.3.25

31.3.24

£

Trade creditors

46,045

63,481

Amounts owed to group

undertakings

345,259

360,259

Tax

47,082

62,629

Social security & other taxes

2,797

6,244

VAT

28,945

31,211

Other creditors

121,580

28,619

Directors' loan accounts

49

Accrued expenses

2,500

2,417

594,257

554,909

9.	ULTIMATE CONTROLLING PARTY

The ultimate controlling party is D Abayahoudayan & G Abayahoudayan.

This was by virtue of their over 50% holding of the issued share capital.