REGISTERED NUMBER: 06485564 (England and Wales)

Unaudited Financial Statements for the Year Ended 31 March 2025

for

Bully's Woodworks Limited

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

4

DIRECTORS:

C D Bull

J C Bull

K J Macrae

REGISTERED OFFICE:

Valley Mills

Wenning Street

Off Southfield Street

Nelson

Lancashire

BB9 0LE

REGISTERED NUMBER:

06485564 (England and Wales)

ACCOUNTANTS:

Len Entwistle Chartered Accountants

Suite 12

Blackburn Business Centre

Davyfield Road

Blackburn

Lancashire

BB1 2QY

FIXED ASSETS

Intangible assets

4

-

-

Tangible assets

5

1,064,709

774,454

1,064,709

774,454

CURRENT ASSETS

Stocks

24,885

35,572

Debtors

6

19,676

117,209

Cash at bank and in hand

802,907

649,709

847,468

802,490

CREDITORS

Amounts falling due within one year

7

194,914

152,764

NET CURRENT ASSETS

652,554

649,726

TOTAL ASSETS LESS CURRENT LIABILITIES

1,717,263

1,424,180

PROVISIONS FOR LIABILITIES

62,801

42,087

NET ASSETS

1,654,462

1,382,093

CAPITAL AND RESERVES

Called up share capital

100

100

Retained earnings

1,654,362

1,381,993

SHAREHOLDERS' FUNDS

1,654,462

1,382,093

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 16 December 2025 and were signed on its behalf by:

C D Bull - Director

1.	STATUTORY INFORMATION

Bully's Woodworks 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 is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes.

Goodwill

Goodwill, being the amount paid in connection with the acquisition of a business in 0, is being amortised evenly over its estimated useful life of nil 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 the cost less estimated residual value of each asset over its estimated useful life.

Plant and machinery

-

20% on reducing balance

Fixtures and fittings

-

20% on reducing balance

Motor vehicles

-

20% on reducing balance

Office 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 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.

3.	EMPLOYEES AND DIRECTORS

The average number of employees during the year was 7 (2024 - 7 ) .

4.	INTANGIBLE FIXED ASSETS

Goodwill

£

COST

At 1 April 2024

and 31 March 2025

9,000

AMORTISATION

At 1 April 2024

and 31 March 2025

9,000

NET BOOK VALUE

At 31 March 2025

-

At 31 March 2024

-

5.	TANGIBLE FIXED ASSETS

Fixtures

Freehold

Plant and

and

property

machinery

fittings

£

£

£

COST

At 1 April 2024

562,794

510,835

47,348

Additions

210,000

19,548

26,560

Disposals

-

-

-

At 31 March 2025

772,794

530,383

73,908

DEPRECIATION

At 1 April 2024

-

390,189

40,973

Charge for year

-

28,039

6,587

At 31 March 2025

-

418,228

47,560

NET BOOK VALUE

At 31 March 2025

772,794

112,155

26,348

At 31 March 2024

562,794

120,646

6,375

Motor

Office

vehicles

equipment

Totals

£

£

£

COST

At 1 April 2024

218,651

35,116

1,374,744

Additions

115,235

824

372,167

Disposals

(14,833

)

-

(14,833

)

At 31 March 2025

319,053

35,940

1,732,078

DEPRECIATION

At 1 April 2024

142,424

26,704

600,290

Charge for year

30,606

1,847

67,079

At 31 March 2025

173,030

28,551

667,369

NET BOOK VALUE

At 31 March 2025

146,023

7,389

1,064,709

At 31 March 2024

76,227

8,412

774,454

6.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31.3.25

31.3.24

£

£

Trade debtors

19,676

117,209

7.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31.3.25

31.3.24

£

£

Trade creditors

41,518

74,250

Taxation and social security

144,751

71,436

Other creditors

8,645

7,078

194,914

152,764